Expecting to grow at 30% in FY12: Divyesh Sukhadia, Paramount Printpackaging

Divyesh Sukhadia, CMD, Paramount Printpackaging talks to ET Now on the company's earnings figures this fiscal year and the outlook for the upcoming fiscal.

First a very basic number for FY12 what are your estimates both for top line and then for bottom line?

Divyesh Sukhadia: For the FY12 our view ended with around 62 crore turnover with the net margin before tax is around 4.5 crore.

These are FY12, these are not FY11 numbers just for a clarification?

Divyesh Sukhadia: Yes, this is FY11.

So now I am asking you FY12...

Divyesh Sukhadia: FY12, we will be growing at the rate of 30%.

You supply products to pharma, FMCG, auto ancillary industries as well which sector is the biggest revenue contributor for you?

Divyesh Sukhadia: Basically in carton we have a pharma the main part and thereafter any other industry. Pharma is around 50% of our market share.

What percentage of your revenues comes from the export market?

Divyesh Sukhadia: Export till today we have a pharma exposure. We are doing deemed export. It is not the direct export. Cartons are always delivered deemed exports only so in fact it is around 40%-45% exports are there as a deemed export.

Are you exposed to the volatility in crude because what we understand is that if crude prices they go up your raw material cost will also go up?

Divyesh Sukhadia: It is always related whenever the raw material prices goes up we are able to pass it on to the customer so we are not affected by any price increase in the raw material.

Are you confident that you will be able to protect operating profit margins?

Divyesh Sukhadia: Yes, definitely we are very sure. In fact we will be able to increase the operating profit margin in the sense that we will be producing high and duplex per carton as well as the value-added cartons in futures in the new unit.

What is the current debt ratio on your books?

Divyesh Sukhadia: As on today it is debt is 1 and equity is 2, 1:2.