Poddar Pigments Ltd. Stock Research

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Poddar Pigments Ltd. Detail

Poddar Pigments Limited is in portfolio of Subramanian P. He is one of the top investors in India. The company belongs to Chemicals (Pigments) sector .

As per the Company website it is first Company in India to manufacture Masterbatches for dope dyeing of Polypropylene, Nylon & Polyester Multifilament Yarn/ Fibers. Below are different categories of products manufactured by the Company

  • Man made fibre
  • Plastics and Packaging
  • Engineering Compounds

The company has capacity of 12,000 Tpa. The manufacturing plant is located in Jaipur and Corporate office is in Mumbai. The products created by this Company are used in below industries

  • Electrical Switches
  • Automotive application
  • Telecom – Connectors
  • Textile Machinery parts
  • Indian Railway components
  • PET bottles

Now lets look at performance of this company over the years.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Poddar Pigments Ltd. Stock Performance

Poddar Pigments Stock Performance
Poddar Pigments Stock Performance

The stock got listed in year 2016 end. It debuted on stock exchanges at price of 216.It zoomed and touched 350 mark in next one year. The movement was also helped by Bull run. After touching the height it went down hill and is now trading at 150 mark.

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The dividend yield of 2% is good. But the price decreased below the listing price giving negative returns to Investors.The negative returns have negated the positive dividend yield.

Poddar Pigments Ltd. My Opinion

Poddar Pigments Limited is in Pigments sector.Apart from pigments it does have other verticals as well.The product prepared by Company has usage in wide range of industries.

Good product catalog does help Companies. It reduces dependency on one product. Pigments is growing sector as of now. Due to demand of different items in other industries. Though the growth in Pigment companies depend on Client Company they are catering the products to.

Poddar Pigments is Business to Business Company. I will not track this Company as of now. It is newly listed Company and price action does not tell much as of now. There are many established player in Pigment sector including MNC’s.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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