About the Company
Incorporated in 1985, Signet is engaged in trading and distribution of polymers such as polypropylene (PP), high density polyethylene (HDPE), poly vinyl chloride resin (PVC); along with manufacturing of plastic pipes and fittings for MIS and construction segment and moulded plastic goods for household use and furniture. Manufacturing operations of the company commenced in 2011 at its plant in Pithampur, Madhya Pradesh, equipped with a capacity of 28,320 MTPA as on March 31, 2015. Besides, the company also has a wind power generation capacity of 1.4 megawatts (MW) in the states of Maharashtra and Rajasthan.
Established operations and experienced promoters in polymer trading and plastic products business: Signet has established operations of over two decades in polymer trading and has also established a strong foothold in the plastic products business, including MIS, with over four decades of experience of its principal promoter in the business. The company had earlier envisaged buying out the engineering division of one of its group concerns; however, it has now shelved this acquisition plan.
Steady demand outlook for the plastic pipes industry; albeit with intense competition: Demand outlook for the Indian plastic pipes is expected to be steady with increased government spending in construction & infrastructure sectors alongwith thrust on the agriculture sector and focus on MIS; by way of higher targeted production and improved productivity through greater availability of credit. However, the industry remains exposed to high competition and limited pricing power; on account of fragmentation in the industry which can put pressure on its profitability margins.
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