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Bhagiradha Chemicals & Industries Ltd.

BSE: 531719 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE414D01019
BSE 00:00 | 13 Jul 280.25 -11.60
(-3.97%)
OPEN

291.85

HIGH

291.85

LOW

260.00

NSE 05:30 | 01 Jan Bhagiradha Chemicals & Industries Ltd
OPEN 291.85
PREVIOUS CLOSE 291.85
VOLUME 9466
52-Week high 477.00
52-Week low 192.10
P/E 49.51
Mkt Cap.(Rs cr) 233
Buy Price 280.25
Buy Qty 4.00
Sell Price 280.25
Sell Qty 1.00
OPEN 291.85
CLOSE 291.85
VOLUME 9466
52-Week high 477.00
52-Week low 192.10
P/E 49.51
Mkt Cap.(Rs cr) 233
Buy Price 280.25
Buy Qty 4.00
Sell Price 280.25
Sell Qty 1.00

Bhagiradha Chemicals & Industries Ltd. (BHAGIRADHACHEM) - Chairman Speech

Company chairman speech

Dear Shareholders

It's heart-warming to share that your company has clocked the finest performance duringthe financial year 2018-19.

It was possible by enduring the challenges faced in the preceding year and a sheerperseverance to unlock your company's momentous potential. A quick revival and scaling upof the accident affected production block was a catalyst for this distinguishedperformance. Also we have added new clients in the export markets and also been able toretain our existing customers by adding significant repeat business during the year.

Your Company achieved the highest ever operating income of र. 383.98 crores duringthe year achieving an impressive growth of 109 % in revenues over the previous year. Thetotal revenue during the year rose to र. 384.58 Crs from र. 184.08 Crs of theprevious year buoyed by strong performance in exports as well as in the domestic markets.Exports grew by 251.92 % while domestic sales improved by 46.97%. For the year ended theprofit after tax stood at र. 18.29 Crs as against loss of र. 1.30 Crs in theprevious year.

Your Board of directors recommended a dividend of र. 2/- per share to reward theshareholders for their trust. Your Company will strive to improve the bottom-line byenhancing operational efficiency and by choice of appropriate product mix to increase therevenues.

Your company incurred a capital expenditure of र. 34.42 crores during the year tofacilitate backward integration of some key intermediates and also towards the completereinstatement of Production Block-3. Besides this investment keeping in view the futurecapacity expansion requirements your Company acquired 23.14 acres of land abutting thefactory at Ongole.

Your company is constantly making efforts to improve upon its R&D capabilities andmanufacturing processes and thereby remain as a manufacturer of choice for technical gradepesticides with highest quality standards. Your Company has successfully backwardintegrated the production of certain key intermediates in the manufacture of itsbestseller fungicide Azoxystrobin and capex plans are afoot for large scale production ofits insecticide Fipronil by 2020. The realization for the range of products of BCILhaving stabilized coupled with the likely addition of capacity the outlook appearspromising.

On behalf of the Board I would like to thank our Customers Suppliers BankersBusiness Partners and Government for their support to the Company. I also convey mysincere appreciation to the employees and staff of the company for their teamwork.Finally I thank our shareholders for the trust and confidence they reposed in us.

Sincerely

K Satyanarayana Raju

Chairman