ICICI Securities: Astral Poly Technik’s Scalability To Further Improve With Storage Tanks Foray
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ICICI Securities Report
Astral Poly Technik Ltd. has made a big-bang entry into plastic storage tanks segment through acquisition of certain assets of Shree Prabhu Petrochemicals Pvt Ltd. (SPPL) for Rs 510 million.
Besides access to SPPL’s water tank capacity of 500 million litre and pipe capacity of 4,500 tonne per annum, the acquisition would allow the company to leverage SPPL’s brand ‘Sarita’ and its existing dealer network.
The acquisition seems very lucrative considering the high return on capital employed potential of the asset and payback period of just over two years.
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