Capitaline

Analyst Meet / AGM 13-May-13

Conference Call

Vinati Organics

Expects 20-25% growth in sales and PAT for next 2-3 years

Vinati Organics announced the results for the quarter and year ended March 2013 and held a conference call to discuss the results and future growth strategies. Senior management of the company addressed the Concall.
Highlights of the Concall

The company sees robust demand-domestic as well as global for its entire product viz- ATBS, IBB and IB.

ATBS demand for application in crude oil exploration would remain as long as crude prices are above USD 40 per barrel

The company did a capex of Rs 150 crore in FY'13. The company plans capex of Rs 50 crore in FY'14 mostly for co-generation plant.

The company has expanded capacity of ATBS to 26000 tonne. For FY'14 it expects a production of 16000 tonne of ATBS.

The company has also expanded capacity of TBA to 1000 tonne by the end of FY'13

The company has also finished setting up a new plant of Di-Acetone Acrylamide (DAAM) with a capacity of 1,000 MT in FY'13

The company expects capex done in FY'13 would translate in revenues from FY'14.

The company expects a 20-25% growth in sales and PAT for next 2-3 years.

The company expects to maintain its margin in FY'14 similar to FY'13

Exports were around 70-75% of total sales in FY'13. Around 75% of total exports were to US and Europe.

The company has few specialty products in pipeline which it shall be able to talk about it in next quarter.

Increase in debtors was due to change in sales mix as domestic sales have increased.

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