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Ceinsys Tech Ltd.

BSE: 538734 Sector: IT
NSE: N.A. ISIN Code: INE016Q01014
BSE 00:00 | 18 May 142.50 0
(0.00%)
OPEN

144.15

HIGH

144.15

LOW

142.45

NSE 05:30 | 01 Jan Ceinsys Tech Ltd
OPEN 144.15
PREVIOUS CLOSE 142.50
VOLUME 510
52-Week high 248.00
52-Week low 117.27
P/E 18.34
Mkt Cap.(Rs cr) 158
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 144.15
CLOSE 142.50
VOLUME 510
52-Week high 248.00
52-Week low 117.27
P/E 18.34
Mkt Cap.(Rs cr) 158
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ceinsys Tech Ltd. (CEINSYSTECH) - Chairman Speech

Company chairman speech

Dear Shareholder

The FY16-17 has been another exceptional year for Ceinsys. It is extremely rewarding towitness how Ceinsys is growing multifold and is ardently investing in emergingtechnologies and capabilities that will allow us to augment the major pie in theprospective market.

We strongly believe that our success will depend on our ability to redefine and alignourselves with the new global paradigms and the disruptive developments in our industry.In this context we have made significant investments and developed capabilities to solvecustomer problems and serve our clients well. Our earlier brand identity has been anenormous source of strength for us since 19 years. In July 2017 on the occasion of our19th Foundation day we initiated the process of having a new Brand identity by changingthe company's name. The new identity will reflect our transformation in the extremelydiverse yet deeply connected technological world. Our new brand identity reverberateswith this fundamental approach of value creation on multiple dimensions redirected in theenergetic and organic integration of diversity in the identity.

It was yet another difficult year for the global economy characterised by low growthand geopolitical uncertainties. Despite of a challenging economic environment Ceinsys hasdelivered outstanding growth in earnings and value for Stakeholders. Our balancedperformance across different domains industries and geographical regions is particularlyexciting in the context of a global economic environment that remains unpredictable andambiguous.

Your Company is addressing the Market where the demand for technology continues toexpand. In the year under review our Revenue on Standalone basis grew by 28% YoY withCAGR of 28% and Net profit registering a growth of 30% YoY with CAGR of 44% exceeding theindustry average.

We persistently attempt to enhance value for our stakeholders. We have a philosophy ofproviding regular and stable payout to investors and carefully evaluate capital allocationdecisions in the interest of building long term stakeholder value. Consistent with thisapproach we recently announced a bonus issue 1 : 10. The earnings per share also grew by45% registering a historic growth. And continuing the practice of rewarding ourshareholders your company has proposed a dividend of '1.25/- per share for the fiscalyear 2016-17.

Innovation is a critical deliverable for all customers and with a continued focus onimproving development capabilities product mix enhanced during the year providing furthersupport for earnings growth. We are making very satisfactory progress on all ourSustainability Goals. And with further rich experienced Vice-Chairman on board I amconfident that your Company is poised for robust growth.

I would like to take this opportunity to thank each and every Employee as well as thosewho work with us across the value chain for their generous support and hard work in theservice of your Company. I would also like to thank each and every Stakeholder as well asBoard Members for their continued trust in the business and would like to express mygratitude for their continuous support and encouragement.

Sagar Meghe

Chairman

August 31st 2017