Karur KCP Packkagings Limited
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BSE Code:
531363
NSE Code:
KARURKCP
Business Profile
Business Profile
Karur KCP Packkagings (KARUKCP) was incorporated as a private company in 1991 and was subsequently converted into a public sector company in April 1995. It is engaged in the manufacture of plastic and paper packaging material.
KARUKCP produces extensible sack kraft paper (ESKF) and bags, polypropylene (PP) bags, and flexible intermediate bulk containers (FIBCs). It has its plants in the Karur, Pollachi and Coimbatore districts of Tamil Nadu and the union territory of Pondicherrry. Subsequent to expansion activities carried out in FY07, KARUKCP has increased the paper production capacity from 24,000 MTPA to 36,000 MTPA, PP bags capacity from 54 million bags per annum to 84 million bags per annum, and FIBC bags from 4,800 MTPA to 6,000 MTPA. It has set up a 1.65 MW wind mill at the Mayanur unit.
Catering to the cement and paper industries, Karur KCP Packkagings has clients like The India Cements, Madras Cements, Dalmia Cements (Bharat), Chettinad Cements, Ultratech Cement, Associated Cements Companies (ACC), JK Papers, TNPL, and ITC. It exports its products to customers in Europe and USA.
The registered office of KARUKCP is located at Pondicherry, India.
Financials
Karur KCP Packkagings registered a 15% growth in net profit to Rs 25.69 million for the quarter ended September 2007 from a profit of Rs 22.34 million for the quarter ended September 2006.
Net sales rose 6.26% to Rs 718.05 million for the quarter ended September 2007 from Rs 675.75 million for the quarter ended September 2006.
Total income rose 8.56% to Rs 739.42 million for the quarter ended September 2007 from Rs 681.12 million for the quarter ended September 2006.
The earnings per share (EPS) of the company stood at Rs 2.57 for the quarter ended September 2007.