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Atul Ltd | Annual Report 2015-16
During 2015-16, (external)
sales decreased by 12% from
`
100 cr to
`
88 cr. Sales in
India increased by 4% from
`
55 cr to
`
57 cr. Sales
outside India decreased by
31% from
`
45 cr to
`
31 cr
and formed 35% of the
total. Degrowth on account
of volume was 11%. The
Company completed 1 project.
The size of world Chlor-alkali
industry is estimated at US$ 70
bn and is growing at about 6%.
World market for Resorcinol
(a key product) is estimated at US$ 320 mn and is growing at about 3%. The size of world Tyre industry is estimated at US$ 220
bn and is growing at about 6.5%.
The captive consumption of bulk chemicals is expected to grow as the Company expands manufacturing capacities of
its various products. Tyre industry is expected to grow further because of increasing population on the one hand and improving
standard of living on the other. The Company will participate in this growth by i) widening its market reach, ii) increasing its
manufacturing efficiencies, iii) generating and adding capacities and iv) introducing downstream products.
The demand and prices of bulk chemicals are cyclical in nature. Fluctuations in foreign exchange may impact sales realisations.
Colors
Product groups: Textile dyes, Pigments, Paper dyes, Inks, Textile chemicals, Others
The products falling under these product groups are used by customers belonging to Textile, Paint and Coatings
and Paper industries. The product groups comprise about 550 products. Green 1, P Red and Sulphur Black are some of
the key products.
During 2015-16, sales decreased by 23% from
`
515 cr to
`
398 cr. Sales in India decreased by 10% from
`
250 cr to
`
224 cr. Sales outside India decreased by 34% from
`
265 cr to
`
174 cr and formed 44% of the total. Degrowth on account
of volume was 18%. The Company completed 4 projects and undertook 2 projects for implementation. Rudolf Atul Chemicals
Ltd (RACL), a joint venture company formed in 2011-
12, provides a complete range of textile chemicals in
Indian market; increased its sales by 42% from
`
43 cr to
`
61 cr, primarily because of volume.
The size of world Dyestuff industry is estimated at
US$ 6 bn and is growing at about 3.5%. China is the
largest manufacturer of dyes followed by India. World
market for high performance pigments is estimated at
US$ 4.3 bn and is growing at about 2.7%.