Portfolio Focus : India Agri Business Fund Investee Vacmet India
Vacmet India Limited manufactures packaging materials which as applications in various food and non food sectors. It was founded in 1993 by Dinesh Chand Agarwal.
In July 2010, the company raised R50Cr from Rabo Equity Advisors - Investment Advisor for India Agri Business Fund.
Vacmet India issued 3,102,062 equity shares of R10 each at a price of R160.61 to India Agri Business Fund Limited.
The company manufactures a wide range of flexible packaging products such as metallised polyester films, holographic products, metallised paper and board, hot stamping foils, and specialty products.
It has four manufacturing facilities based in Kosi, Chatta and Agra. Vacmet exports to more than 35 countries globally.
The company currently has a total BOPET capacity of around 47,400 tpa and capacity for conversion, lamination, metalising and lacquering activities of around 27,200 tpa.
In March 2011, Vacmet India expanded polyester film manufacturing capacity by establishing its project BOPET Film Line-2 of the capacity of 27500 MPTA with capital outlay of R160Cr. It is also setting up BOPP Line at its plant, in Chhata, District Mathura of Uttar Pradesh.
Performance of Vacmet:
| (Rs Mn) | 2011 | 2010 | 2009 |
| Sales | 4131.33 | 2670.9 | 2496.57 |
| EBITDA | 1224.71 | 571.76 | 441.21 |
| PAT | 705.25 | 258.1 | 107.1 |
| Share Capital | 130.13 | 102 | 102 |
| Reserves | 2138.87 | 959.23 | 600.53 |
| Total Debt | 1873.21 | 1040.01 | 1129.56 |
The listed peers of Vacmet includes Cosmo Films, Glory Polyfilms , Jindal Poly Films, Uflex Limited among others.
Performance of Peers on BSE
India Agri Business Fund makes investments in Agro and food sector. It is backed by IFC, Dutch development bank - FMO and DEG (member of the German KfW Group). So far, it has invested in Global Green Company Pvt. Ltd.($10 Mn), Daawat Foods($5 Mn), LT Foods($5.46 Mn), GeePee Agri and Sri Biotech($8.71 Mn).
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