Expect 25% growth for polymer business in FY18: Skipper

Skipper is buzzing in trade as Emkay initiates coverage on the stock with a buy rating. Amongst the triggers, Emkay has listed that they expect the next phase of growth to be driven by the polymer pipe segment and they expect a topline growth of 19 percent over FY17-20 and bottomline to keep at 22 percent during this period.

In an interview to CNBC-TV18, Sharan Bansal, Director of Skipper spoke about the latest happenings and his outlook going ahead.

We expect 25 percent growth for polymer business in FY18, said Bansal.

Expect 15-20 percent growth for consolidated revenue in FY18, he added.

Bansal expect capacity utilisation to go up to 65 percent by end of FY18.

Talking about order book, he said order book for engineering projects is at Rs 2,650 crore. He is seeing pickup in engineering order inflows.

Watch accompanying video for more details.