"Having achieved the leadership position in inorganic chemicals, that is soda ash, the company will now focus on building upon farm and consumer facing businesses," Tata Chemicals Managing Director R Mukundan said today at a function at the BSE here to celebrate 75 years.
Also read: Payment delays a major concern: Tata Chem
In the farm business, the company will increase the non-bulk portfolio such as specialty and high-yield seeds to enhance farm productivity, he said.
"The focus with regards to the latter will be on growing the consumer products business as the Indian consumer moves from loose to branded, packaged products across all categories in the nutrition and wellness space," Mukundan added.
Tata Chemicals Executive Director and Chief Financial Officer P K Ghose said the growth drivers of the company will be in the Indian retail and farm sectors.
"We are building significant capabilities by leveraging our consumer and farmer reach, besides focusing on innovation-led products. We have planned capital expenditure outlay for the next five years that include investments in our chemical business, in capital-light businesses like salt expansion projects and other branded consumer products," he added.
He said the company may explore a brown field expansion project in the US, subject to meeting the desired investment criteria. On the other hand, the company will focus on paring debt by half from current levels.
Tata Chemicals stock price
On January 23, 2014, Tata Chemicals closed at Rs 264.40, down Rs 3.65, or 1.36 percent. The 52-week high of the share was Rs 370.60 and the 52-week low was Rs 234.50.
The company's trailing 12-month (TTM) EPS was at Rs 23.91 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 11.06. The latest book value of the company is Rs 208.33 per share. At current value, the price-to-book value of the company is 1.27.
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