Atul Ltd 2012-13

Atul Ltd | Annual Report 2012-13 Polymers Products Epoxy Resins and Hardners, Reactive diluents, Sulphones, Others 3RO\PHUV %XVLQHVV PDLQO\ FRPSULVHV (SR[\ 5HVLQV DQG +DUGHQHUV DQG IRUPXODWLRQV WKHUHRI RWKHU FRPSRQHQWV VXFK DV DLU UHOHDVH DJHQWV UHDFWLYH GLOXHQWV UKHRORJLFDO PRGLÀHUV wetting agents, etc and Sulphones. These products are used by Aerospace, Automobile, Construction, Defence, Electronics, )RRWZHDU +DQGLFUDIW 0DULQH 3DLQW &RDWLQJV 3DSHU DQG Wind Energy industries. The Business comprises about 60 products and 270 formulations. During the year, sales decreased by 4% to ` 468 cr. Sales in India decreased by 10% to ` 312 cr. Brand sales which is currently only in India decreased by 5% to ` FU ([SRUW VDOHV LQFUHDVHG by 11% to ` 156 cr and formed 33% of the total. Decline on account of volume was 8%. Sales from new products were ` 12 cr. Most of the plants operated partially during the VHFRQG KDOI RI WKH \HDU VLJQLÀFDQWO\ DIIHFWLQJ VDOHV DQG SURÀW and neutralised the improvement in performance achieved GXULQJ WKH ÀUVW KDOI RI WKH \HDU 7KH &RPSDQ\ FRPSOHWHG FDSDFLW\ H[SDQVLRQ RI %/5V $WXO (OND\ 3RO\PHUV D -9 FRPSDQ\ commenced though in a very small way, introduction of stone care chemicals in India. :RUOG PDUNHW IRU (SR[\ 5HVLQV DQG +DUGHQHUV LV HVWLPDWHG DW 86 EQ DQG LV JURZLQJ DW DERXW DQG ,QGLDQ PDUNHW is estimated at US$ 210 mn and is growing at about 10%. 7KHUH DUH DERXW PDMRU FRPSDQLHV ZKLFK GRPLQDWH WKH ZRUOG PDUNHWSODFH 7KH WZR NH\ UDZ PDWHULDOV QDPHO\ Bisphenol-A and Epichlorohydrin, are imported into India. :RUOG PDUNHW IRU 6XOSKRQHV LV HVWLPDWHG DW 86 PQ DQG is growing at about 4%. The user industries, Automobile, Construction and Paint & Coatings, are growing well, particularly in India. The Company ZLOO SDUWLFLSDWH LQ WKLV JURZWK E\ L ZLGHQLQJ LWV PDUNHW UHDFK LL LQFUHDVLQJ LWV PDQXIDFWXULQJ DQG ZRUNLQJ FDSLWDO HIÀFLHQFLHV LLL JHQHUDWLQJ DQG DGGLQJ QHZ FDSDFLWLHV RI (SR[\ 5HVLQV DQG +DUGHQHUV DQG LY LQWURGXFLQJ QHZ SURGXFWV and formulations. &KHDSHU LPSRUWV RI (SR[\ 5HVLQV DQG +DUGHQHUV ZLOO NHHS WKH contribution margins under pressure. Since the two main raw PDWHULDOV DUH LPSRUWHG ÁXFWXDWLRQV LQ IRUHLJQ H[FKDQJH ZLOO impact margins.