You are here » Home » Companies » Company Overview » Camlin Fine Sciences Ltd

Camlin Fine Sciences Ltd.

BSE: 532834 Sector: Industrials
NSE: CAMLINFINE ISIN Code: INE052I01032
BSE 00:00 | 19 Apr 136.05 -2.75
(-1.98%)
OPEN

128.00

HIGH

137.00

LOW

128.00

NSE 00:00 | 19 Apr 135.95 -2.10
(-1.52%)
OPEN

136.85

HIGH

137.25

LOW

132.00

OPEN 128.00
PREVIOUS CLOSE 138.80
VOLUME 67172
52-Week high
52-Week low
P/E 75.17
Mkt Cap.(Rs cr) 1,735
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 128.00
CLOSE 138.80
VOLUME 67172
52-Week high
52-Week low
P/E 75.17
Mkt Cap.(Rs cr) 1,735
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Camlin Fine Sciences Ltd. (CAMLINFINE) - Chairman Speech

Company chairman speech

Dear Fellow Shareholders

The Chemical industry in India is at the cusp of a phenomenal growth phase. Yourcompany has invested significantly over the last few years and is well-positioned to takeadvantage of this opportunity. With our global presence backward integrated manufacturingexpertise and trust of over 1000 customers globally CFS is rising and growing to newheights. This year in spite of many challenges your company has seen good traction forits products due to our constant focus on quality and flexibility to adapt innovate andimprove. We closed the financial year with consolidated revenues of INR 1049 Crrepresenting a growth of 18% versus the previous year while our profits grew almost 10xto INR 30 Cr. This financial growth was due to the various initiatives that the Companyhas taken over the last few years in global expansion and forward integration into blendswhich are just beginning to bear fruit. Through innovative solutions we will continue tofocus on expanding our key business segments of Shelf life Solutions PerformanceChemicals and Aroma Ingredients. CFS is expanding its global footprint in blends businesswith subsidiaries in Mexico Brazil Europe & North America. Our shelf life solutionsbusiness is dominated by antioxidant blends sold under the brand names "Xtendra"and "NaSure". It has given us the confidence to reach out to a wide range ofindustries from food to beverage petfood animal nutrition biodiesel to aquaculture withour proven solutions. The demand for animal feed additives has been thriving with therising consumption of meat and poultry food products worldwide. CFS has a wider portfolioof shelf life products and real-time services for the Animal Nutrition industry. It hasbeen a favorable year for the Aroma Ingredients division with the expansion of customerbase for Vanesse (vanillin) and Evanil (ethyl vanillin) with major global reputed flavourhouses fragrance companies

F&B companies distributors traders and direct users in most parts of the world.CFS is one of only two global players to have a fully integrated manufacturing capabilityto produce vanillin using Catechol. Your company is also proposing to set-up a new plantin Dahej to produce Ethyl Vanillin. With the focus shifting towards preventive healthcaremanagement all over the world nutraceuticals is a trending segment with higher growthpossibilities and people are also looking for natural alternatives for disease management.CFS believes its time your Company addressed this growing market need. Your company'srecently launched "Health & Wellness" business segment provides solutionsfor ingredients and formulation from Fermentation and herbal or organic extracts whichhave a phenomenal potential.

Our greenfield plant in Dahej to manufacture Hydroquinone and Catechol is spread across15 acres space and is going to be the game-changer event for our company. This backwardintegration in India is expected to provide CFS with a significant cost advantage reduceworking capital days and thereby improve profitability from FY21 onwards.

Unfortunately we ended the last financial year with the global pandemic Covid-19.While the Company's operations did not face any major disruptions at its manufacturingfacilities around the world. We were able to resume operations as we cater to the needs ofessential services. In our own little way we avoided disruption in the food chain.

Your company today is on a strong footing and well-positioned for long term sustainablegrowth. We could not have been here without the faith confidence and support of all ourstakeholders. I thank you for being a part of our journey. Sincerely

Ashish Dandekar

.