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Nirmal Bang Report
Key Points
We visited Tarsons Products Ltd.'s Jangalpur and Panchla plants in Kolkata besides meeting the management to understand the company's future growth prospects.
The company is a dominant player in the production of plastic labware in India with a wide range of end users in multiple industries. Tarsons Products has more than 1,700 stock keeping units across 300 plus product categories. It has pan-India distribution through authorized distributors.
Tarsons Products also has presence in 40 plus countries globally in the lucrative Rs 500 billion plastic labware export market (~33% of FY23 revenue) through a mix of branded as well as original design manufacturer sales.
Despite near term challenges due to de-stocking by clients, the management continues to maintain its capex guidance for new plants on the back of expectations of better outlook over the medium to long term.
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