Kriti Industries (India) Limited is engaged in the production of plastic pipes, ducts and mouldings after demerger of its solvent extraction division into a separate entity named Kriti Nutrients Ltd and of its auto component manufacturing division into a 100% subsidiary named Kriti Auto and Engineering Plastic Pvt. Ltd. (KAEPPL) in January 2010.
KIL’s facilities are located at Pithampur, Madhya Pradesh with a total installed capacity of 79,378 metric tonne per annum (MTPA) for pipe manufacturing and 2,076 MTPA for pipe fittings/mouldings.
Promoted by Shiv Singh Mehta in 1990, the company operates under plastic segment in over four verticals, such as agriculture, building products, micro irrigation and infrastructure. Its agricultural products include rigid polyvinyl chloride (RPVC) pipe and fittings, casing pipe, polyethylene (PE) coils, sprinkler systems, submersible pipe, suction and garden pipe. Its building products include soil waste rainwater (SWR) drainage pipe and fittings, chlorinated polyvinyl chloride (CPVC) and plumb pipe and fittings, and garden pipe. Its micro irrigation products include micro irrigation lateral (inline and online), sprinkler systems, and RPVC pipe and fittings. Its infrastructure products include RPVC ring fit pipe (elastomeric) and fittings, high-density PE (HDPE) and medium-density PE (MDPE) pipes and fittings, permanently lubricated (PLB) telecom duct and micro duct. Kriti Auto & Engineering Plastics Private Limited is the subsidiary of the Company.
Here goes the story of Kriti Industries – Last month while researching Kisan Mouldings with a large PVC player, Kriti propped up as that PVC giant liked Kriti so much that they resorted to an acquisition offer to the promoters at over 100 bucks where in Kriti at that point of time was quoted at just ₹35 in the bourses. The promoters declined the offer as they have a vision to take it to the top cream league. That was it for us. Our team started glancing through the company and voila it looks to be an absolute bargain with all the multi bagger ingredients.
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Denne historien er fra June 2017-utgaven av Indian Economy & Market.
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