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Bhageria Industries Ltd.

BSE: 530803 Sector: Industrials
NSE: BHAGERIA ISIN Code: INE354C01027
BSE 00:00 | 22 Mar 272.35 -2.85
(-1.04%)
OPEN

285.75

HIGH

285.75

LOW

271.00

NSE 00:00 | 22 Mar 276.30 1.15
(0.42%)
OPEN

275.15

HIGH

284.85

LOW

275.15

OPEN 285.75
PREVIOUS CLOSE 275.20
VOLUME 586
52-Week high 364.60
52-Week low 211.00
P/E 8.28
Mkt Cap.(Rs cr) 594
Buy Price 266.00
Buy Qty 1.00
Sell Price 275.70
Sell Qty 3.00
OPEN 285.75
CLOSE 275.20
VOLUME 586
52-Week high 364.60
52-Week low 211.00
P/E 8.28
Mkt Cap.(Rs cr) 594
Buy Price 266.00
Buy Qty 1.00
Sell Price 275.70
Sell Qty 3.00

Bhageria Industries Ltd. (BHAGERIA) - Chairman Speech

Company chairman speech

Dear Shareholders

I am privileged to report that we have had a good year in terms of performance acrossparameters our core business of dye intermediates continued to do well and our 30MW solarpower project commissioned successfully. We also completed the amalgamation with NipurChemicals Limited which will be value accretive to us.

Overcoming various hiccups of demonetization and GST implementation the Indian economyhas continued to perform well. The corporate earnings are improving and managements areback in the boardroom discussing growth plans. The dyes and pigments industry hascontinued to do well on the back of strong demand from the end user industries.

While domestic demand is showing positive trend with growth in the textiles industrythe export demand is picking up as well. With the continuing shut downs in China due tothe environmental concerns the world's focus has shifted to India to supply the decitthat the industry is facing. We at Bhageria believe that we are well placed to grab thishuge opportunity as we possess the competitive cost structures and also have wide reach ofexports.

Our nancial performance continues to improve. We ended the year with revenue of Rs 385crores and EBITDA & EBITDA margins of Rs 91 crores and 23.7% respectively. Our PAT forFY18 stood at Rs 40crores with margin of 10.5%.The external credit rating of the companyhas further improved from the earlier“BBB” on long term scale and“A3+”on short term scale to“BBB+” and“A2” respectively by CARE. The numberof customers we are dealing with are growing and we are also strengthening our ties withthem. We have started exporting to newer geographies and are expected to continue the samegoing forward. Our 30 MW solar power project is also fully operational now. Here we have a25 year PPA with the Solar Energy Corporation of India (SECI). We are condent of achievinghigh returns from this project as the PPA is at attractive rates.

With the amalgamation of Nipur Chemicals Limited we have become more cost competitiveand there is a scope of easier expansion in capacities if needed. The synergies created bythe amalgamation would increase operational e ciency and integrated business functions.

Success of any business can be possible if its employees and peoples who put inpersistent e orts to rise to their excellence level are taken together. I would like toreiterate that your company's employees are its valuable assets and it is entirely due totheir hard works rmness commitment and dedication that your company has been able todeliver sustainable growth and value creation.

While we march ahead towards our business goals we also make conscious e orts towardsmaking active contributions to society and environment. We are investing in adequatepollution control equipment's as we believe in sustainable environment. Our regularcontributions and initiatives towards uplifting several people in various aspects are ourhumble endeavor to make our world a better place.

I would like to assure you that your company will strive to capitalize by remainingfocused on operational excellence and to remain committed to deliver strong growth andenhance‘shareholders and other stakeholders' values in every possible ways.

We expect to keep performing and delivering sustainable growth going forward with focuson protabilit y. I am thankful to the Board of Directors for their continued support andguidance towards taking the Company ahead. We give the credit to our success to theemployees nancial institutions vendors customers & shareholders.

Warm regards

Yours Sincerely

Suresh Bhageria

Chairman