Engro Polymer and Chemicals EPCL Accounts/Stock Review

Introduction:

Engro Polymer and Chemicals Limited is incorporated in Pakistan and is listed on Pakistan Stock Exchange. The Company is a subsidiary of Engro Corporation Limited. The address of its registered office is 16th Floor, The Harbor Front Building, Marine Drive, Clifton, Karachi. The Company’s principal activity is to manufacture, market and sell Poly Vinyl Chloride (PVC), PVC compounds, Caustic soda and other related chemicals. The Company is also engaged in supply of surplus power generated from its power plants to Engro Fertilizers Limited.

Website:

http://www.engropolymer.com

Strategic Investments:

The company has in-house power generating units

Income Profile:

Annual Income and Distribution:

Year Ending: DEC        KSE Symbol: EPCL Engro Polymer and Chemicals
	2012	2013	2014	2015
EPS	0.07	1.08	-1.53	-0.98
No of Shares	66.3 CRORE	66.3  CRORE	66.3 CRORE	66.34 CRORE
Benefits	NIL	NIL	NIL	NIL

Future outlook:

Global hydro-carbon chain is taking structural changes and its markets are highly volatile these days.

[Directors View] 

Domestic market for PVC is expected to continue its robust performance on account of favorable construction sector outlook, improving economic sentiment and decline in interest rates, while Caustic Soda market is expected to remain stable. Improvement in PVC-Ethylene core delta, due to decline in Ethylene prices and reduction in import duty, is expected to provide support to PVC margins in the upcoming quarter. 

Stock Price View:

EPCL	Time Period	Maximum	Minimum	Average
Stock Price	Jan 2013-Jan 2016	16.9	8.42	12.06