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    Midcap Mania: Here are 6 things to know about Poddar Pigments

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    Midcap Mania: Here are 6 things to know about Poddar Pigments

    CNBC-TV18’s Nigel D’Souza today talks about Poddar Pigments on “Midcap Mania”.
    Poddar Pigments manufactures colour and additive masterbatches. It is used in some engineering compounds, plastics, manmade fibres etc.
    The stock is on the radar because it's a debt free company, strong balance sheet and it's trading at around 14-15 times its trailing earnings.
    The current market capitalisation of the company is around Rs 300 crores. Poddar Pigments have cash in investments of around Rs 34 crore and have Rs 50 lakh shares of Hindustan Oil Exploration Company (HOEC) that is a listed company. So, around 30% of the market capitalisation is available in cash.
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