3 / 140
1
Formed Atul Elkay Polymers Ltd,
a 51-49 JV with Elkay Kimyasal
Maddeler San ve Tic A.S., to
market stone care chemicals (to
be manufactured by Atul)
2011-12 in Retrospect
Macro-economic environment remained tumultuous ...
World output grew at 2.7% against 3.9% in 2010
Crude oil fluctuated between US$ 75 and US$ 114 per barrel
Indian
`
vacillated between 43.95 and 54.24 against the US$
Profitability of Atul dampened, but not its resolve ...
Sales grew by 17% to
`
1761 cr
EBITDA margin came down from 13% to 12%
PBT before exceptional items declined from
`
129 cr to
`
116 cr
... and the Company built new foundations to grow better and faster
converted a major liquid effluent stream into a saleable product
introduced a process to significantly improve recovery of solvents
enhanced ERP for better decision making
completed or is in the process of completing capex of about
`
160 cr
first time acquired a majority stake in an operating company abroad
established two joint ventures in India with foreign companies
Acquired 88% stake in DPD Ltd,
one of the oldest companies
engaged in micro propagation
of tissue cultured date palms
Formed Rudolf Atul Chemicals
Ltd, a 50-50 JV with Rudolf
GmbH, to manufacture and
market textile chemicals in India