You are here » Home » Companies » Company Overview » KKalpana Industries (India) Ltd

KKalpana Industries (India) Ltd.

BSE: 526409 Sector: Industrials
NSE: N.A. ISIN Code: INE301C01028
BSE LIVE 15:28 | 22 Nov 35.00 0.35
(1.01%)
OPEN

35.60

HIGH

35.60

LOW

34.45

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 35.60
PREVIOUS CLOSE 34.65
VOLUME 10239
52-Week high 54.50
52-Week low 25.05
P/E 26.12
Mkt Cap.(Rs cr) 329
Buy Price 34.80
Buy Qty 100.00
Sell Price 35.00
Sell Qty 35.00
OPEN 35.60
CLOSE 34.65
VOLUME 10239
52-Week high 54.50
52-Week low 25.05
P/E 26.12
Mkt Cap.(Rs cr) 329
Buy Price 34.80
Buy Qty 100.00
Sell Price 35.00
Sell Qty 35.00

KKalpana Industries (India) Ltd. (KKALPANAINDS) - Chairman Speech

Company chairman speech

Dear Shareholders

I extend to each and every one of you a warm welcome to the 31st Annual General Meetingof your Company and once again take this opportunity to present the financials of yourcompany. The Annual Report together with the Audited Accounts and the Directors’Report for the year ended 31st March 2016 have been with you for quite some time. I hopeit gives you a clear idea of working of the Company during the year under review.

The Company achieved net revenue of Rs. 1876 Crores for the year 2015-2016 as againstRs.1729 Crores in the previous year. Profit before exceptional items and tax is Rs.43Crores as compared to Rs.32 Crores in the previous year.

The Global microeconomic environment continues to be in a state of flux with recessionin key developed economies soft commodity prices geo-political tensions and volatilityin global financial markets causing uncertainty and trepidation. Even then your companyreported increase in operating margin compared to the previous year. The polymer pricesremain at affordable level. It is expected that they will remain range bound in comingyears.

As mentioned in earlier reports in its drive towards the strategic expansions yourCompany has commissioned a new production unit at Surangi with capacity of handling200000 TPA of its products. This unit is spread over an area of approximately 56000square metres and having FSI available to the extent of 500000 square metres forconstruction. The production capacities of Bhiwadi and Daman units have been shifted toSurangi unit. The new unit produces various grades of Compounds which include XLPE HFFRFilled PP for furniture & appliances Filled PE Compounds for antifab used for WovenSack White & Black Master Batches Rigid and Flexible PVC Compound used for Cableinsulation

Footwear & Pipe jointing and other value added compositions like Zero Halogen FireRetardant Compound and Engineering Plastics. Your company has also installed machineriesat Surangi to produce HV & EHV insulation Compound. This will establish your Companyin the league of very few top notch players in the world. Your Company also has manyexpansion projects in pipeline for catering to the untapped regions to enlarge geographicfootprint in various parts of the country and abroad.

Today your Company has one of the strongest operating matrix in the Plastic industryin India. With its cost competitiveness quality products a robust marketing distributionsystem and extensive network your Company has re enforced its formidable brand image.

Your Company has taken timely and adequate steps in the area of its finance to ensurehealthy leveraging and availability of adequate financial resources to meet its growingaspirations.

Your Directors have not recommended any dividend for the year under review due toincreased working capital requirement in the year 2016-17.

Lastly I sincerely wish to thank my colleagues on the Board the dedicated Managementteam and employees at all levels for their unflinching support. I would also like to thankthe Company’s shareholders distributors vendors and financial institutions fortheir unstinted support.

With Best Regards

Narrindra Suranna

Chairman & Managing Director

Date 30th May 2016

Kolkata