Dolat Capital has come with its March`13 quarterly earning estimates for plastic sector. According to research firm the outlook for the sector continues to look encouraging with verticals like pipes and packaging films expected to show better performance.
In Q4FY13 we believe plastic companies are likely to post healthy revenue growth on the back of expectation of decent volume growth. Our coverage universe is expected to post 18% topline growth.Plastic Pack as whole is likely to witness expansion in margins YoY on account of softening of polymer prices during the quarter under review.We continue to be extremely positive on Supreme Industries & Astral Poly backed by superior business models and strong product profile.| Sales (Rs mn) | PAT (Rs mn) | |||||
| Company | Q4FY13E | QoQ % | YoY % | Q4FY13E | QoQ % | YoY % |
| Supreme Ind | 9,100 | 12.9 | 20 | 696 | 4.9 | 27.2 |
| Sintex Ind | 11,076 | -22.4 | 8.2 | 1,153 | 16.9 | 28.6 |
| Time Techno | 5,359 | 21.5 | 25.2 | 292 | 0.3 | 58.3 |
| Astral Poly | 2,785 | 34.9 | 51.8 | 124 | 17 | -35.8 |
