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JMC Projects (India) Ltd.

BSE: 522263 Sector: Infrastructure
NSE: JMCPROJECT ISIN Code: INE890A01016
BSE LIVE 13:40 | 22 Aug 369.00 18.30
(5.22%)
OPEN

349.80

HIGH

386.20

LOW

349.80

NSE 13:24 | 22 Aug 371.00 20.30
(5.79%)
OPEN

352.50

HIGH

386.70

LOW

347.50

OPEN 349.80
PREVIOUS CLOSE 350.70
VOLUME 25495
52-Week high 386.20
52-Week low 183.00
P/E 17.82
Mkt Cap.(Rs cr) 1,239
Buy Price 368.80
Buy Qty 80.00
Sell Price 369.00
Sell Qty 44.00
OPEN 349.80
CLOSE 350.70
VOLUME 25495
52-Week high 386.20
52-Week low 183.00
P/E 17.82
Mkt Cap.(Rs cr) 1,239
Buy Price 368.80
Buy Qty 80.00
Sell Price 369.00
Sell Qty 44.00

JMC Projects (India) Ltd. (JMCPROJECT) - Chairman Speech

Company chairman speech

Dear Shareholders

I am delighted to present 30th Annual Report of your Company for FY 2015-16.

I am pleased that your Company has continued its efforts to stabilize its operationsand is now ready for the upcoming growth opportunities. Management is taking all necessarysteps to consolidate its position in key markets & business segments. During the pastfew years your Company has diversified the business strategically. Today the order-bookstands distributed in Infrastructure (Urban Infra Water & Area Development etc.)Buildings (Housing Commercial Institutional Hospital etc.) and Industrial segments.

Current economic situation is going to offer a high growth trajectory over next decadeor even more. As per the latest reports on our country’s economic performanceIndia’s GDP growth rate of about 7.6% has just outpaced the growth statistics ofChina. Global market sentiments stable & watchful government demographic dividendrapid urbanisation etc. are further strengthening it. The economy has also benefitted fromthe low crude oil prices. Macro-level decisions taken during last 2 years such as steadycutback in subsidies higher budget allocations towards infrastructure faster approvalsetc. have started showing positive results. It is now up to the Government to add pace toreform measures and build further on this foundation.

Housing urban infrastructure & area developments are fundamental for ourcountry’s growth and well-being. Government initiatives such as ‘Housing forAll by 2022’ Smart Cities & Area Developments haveopened up good opportunities for your Company. Several new & old cities & townsare undergoing urban rejuvenation under AMRUT. In Budget FY 16-17 the unionfinance minister has proposed an outlay of over 2 Trillion Rupees in Infrastructuresector which include water projects industrial corridors & freight corridorshighways and several large scale visionary projects. Further union cabinet hasapproved amendments in the Real Estate Regulatory Bill providing a renewed boostto the real estate sector. Globally developed countries are not showing any signs ofimmediate corrections whereas some of the African countries are showcasing impressivesocio-economic performance. Your Company is capitalising such brighter prospectsselectively to strengthen its international operations. Technology though capitalintensive is helping us significantly to progress towards our goals.

Our aim is to rise further as a much stronger & efficient construction player.While concentrating our efforts to become a preferred contractor for our key clients wehave also started taking complex EPC Design and Build type orders with more valueproposition. Your Company is continually improving processes and performance in criticalareas like project selection execution quality and cost and IT enabled projectmonitoring etc. While some of the results of these efforts are fairly evident we believethat there is much more ahead.

Having said this we also understand that taking up new challenges is a breath-takingexercise. Incessant issues such as pressure on margins rising costs scarcity of reliablemanpower & their availability are pinching us. Following approaches in addressingthese issues shall strategically build a better future:

1. Focus on core competency of EPC construction with increased but selectiveinternational presence.

2. Strengthening domestic business through becoming a preferred contractor &thereby securing repeat orders.

3. Collaborative networking with specialists partners vendors suppliers etc.

4. Upgrading better systems and procedures through adoption of sophisticated ERP.

Performance Overview

It has been more than a year since we have adopted ‘Engage-Perform-Create’leading us to grow profitably. I am glad to share with you the progress we have made sofar on the execution of our strategy.

Order Inflows clocked in at Rs. 3155 Cr during the year. The unexecuted Order Book atthe year - end stands at Rs. 6148 Cr. This provides to continue with a healthy revenueand margin visibility ahead. Total Income from operations had a marginal increase of 3.5%over previous year to Rs. 2483.67 Cr. Profit after Tax reg istered stood at Rs. 41.02 Crup 37% from Rs. 29.86 Cr last year. Also your Company has raised Rs. 150 Cr throughRights Issue recently.

It gives me pleasure to announce that your Company has recommended dividend of Rs. 1per equity share on a face value of Rs. 10 per share for the year. The correspondingdividend during the previous fiscal was at Rs. 1 per equity share.

I place my sincere appreciation for the dedication commitment and hard-work put in byour employees at all levels and look forward to receive their trust support andencouragement as we head for another challenging & exciting year. I also express mygratitude towards joint venture partners customers and business associates for theirrelentless support. Finally a big vote of thanks to all our shareholders for theircontinued belief in us.

Shailendra Kumar Tripathi

CEO & Dy. Managing Director