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Kesar Petroproducts Ltd.

BSE: 524174 Sector: Industrials
NSE: N.A. ISIN Code: INE133C01033
BSE LIVE 19:48 | 19 Oct 65.85 1.60
(2.49%)
OPEN

64.40

HIGH

66.75

LOW

64.25

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 64.40
PREVIOUS CLOSE 64.25
VOLUME 102193
52-Week high 74.80
52-Week low 29.50
P/E 28.14
Mkt Cap.(Rs cr) 637
Buy Price 65.85
Buy Qty 25.00
Sell Price 0.00
Sell Qty 0.00
OPEN 64.40
CLOSE 64.25
VOLUME 102193
52-Week high 74.80
52-Week low 29.50
P/E 28.14
Mkt Cap.(Rs cr) 637
Buy Price 65.85
Buy Qty 25.00
Sell Price 0.00
Sell Qty 0.00

Kesar Petroproducts Ltd. (KESARPETROPROD) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure that Kesar Petroproducts Limited has reported another yearof steady performance in spite of a challenging macroeconomic environment in India andglobally. As The Indian Chemical Council (ICC; Mumbai) and analysts say the disposablesurplus income is rising in India and the increasing standard of living will lead togrowth in consumption of consumer goods. Since the chemicals form a necessary ingredientin all types of modern goods and amenities this will result in greater demand for thechemical industry. Therefore global economic growth and chemical output growth shouldaccelerate hand in hand in the years to come. The strongest growth will continue to be inthe developing nations of Asia the Middle East and Latin America.

The domestic demand in India is expected to pick up significantly on the back of aresurging economy. The year 2015-16 saw the Indian economy emerge as the fastest growingeconomy in the world driven by favourable policies and a stable government at the centre.There are several factors that are in place for a sustained long-term growth in thecountry : key sectors like banking insurance infrastructure and defence are allrebounding through structural reforms; key macro triggers like inflation FDI andcommodity prices are benign; manufacturing is being boosted under the Make In Indiainitiative of the government. These factors all indicate to a higher demand from theentire spectrum of end-users of CPC. In fact almost all the end-users of CPC haveinvested in increasing their capacity in expectation of the demand surge in the next fewyears.

Kesar Petroproducts Ltd is expected to benefit from this improving demand scenariofollowing our successful completion of capacity expansion. We are leaders in our businesssegment due to our expertise innovation and technical excellence. The Company continuesto invest in the core competencies to stay ahead of the curve and capitalize on theopportunities arising from the global economic recovery.

In the business of pigment manufacture competitiveness is derived from just two words- sectoral understanding. An understanding of what to make. Of downstream needs. Ofcustomisation. Of market gaps. Of processes. Of trends. Of timing. It is our convictionthat the most profitable companies are those that can prudently leverage theirunderstanding of the market segments in which they operate

Over the years the combination of scale and integration has translated into acompetitive advantage reflected in our margins and revenue growth which are higher thanthe industry average. Kesar Petroproducts Ltd recognizes that the most credible foundationis a robust Balance Sheet. The Company had a net profit of ' 12.10 crores and a book valueof 46.72 per share as on 31st March 2016.

Let all of us work sensibly and virtuously so that the world charts the course of peaceand uprightness. Let us remember what Martin Luther king Jr. had said with conviction:If I cannot do great things I can do small things in a great way. With this I would liketo conclude my speech. If we can execute our strategy and do the things we must learn todo the year and the years ahead of us could be deeply rewarding and I look forward toa great journey ahead together. I Would appreciate all of the Company's employees fortheir enormous personal efforts as well as their collective contribution to the Company'sperformance. I would also like to thank the shareholders customers dealers suppliersbankers Government and all the other business associates for the continuous support givenby them to the Company and their confidence in its management.

Sincerely

Chairperson