Meghmani Organics posted a strong revenue growth in Q1 and margins were aided by agro-chemical business.
In an interview to CNBC-TV18, Ashish Soparkar, MD of Meghmani Organics spoke about the results and his outlook for the company.
We have been ramping up our capacity and we have been able to reduce our cost, our debts have gone down, all this put together has given us strong sales and EBITDA margin, he said.
He expects FY18 EPS at Rs 5.
Business is strong, pigment is sold out for many years because we have a long-term contract, season is good for agro-chemical, he added.
The growth will be at least 20 percent every year and I very strongly believe that each business should cross nearly Rs 1,000 crore in coming 3-4 years, said Soparkar.
There is no new capacity coming in this particular year, he further mentioned.
Long-term debt of the company is less than Rs 200 crore and working capital debt is at Rs 200 crore, he said.
For full interview, watch accompanying video...
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