You are here » Home » Companies » Company Overview » Caplin Point Laboratories Ltd

Caplin Point Laboratories Ltd.

BSE: 524742 Sector: Health care
NSE: CAPLIPOINT ISIN Code: INE475E01026
BSE 00:00 | 03 Oct 745.50 0.40
(0.05%)
OPEN

749.75

HIGH

753.45

LOW

738.70

NSE 15:56 | 03 Oct 746.95 2.55
(0.34%)
OPEN

735.00

HIGH

752.80

LOW

735.00

OPEN 749.75
PREVIOUS CLOSE 745.10
VOLUME 14498
52-Week high 949.00
52-Week low 626.30
P/E 28.75
Mkt Cap.(Rs cr) 5,651
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 749.75
CLOSE 745.10
VOLUME 14498
52-Week high 949.00
52-Week low 626.30
P/E 28.75
Mkt Cap.(Rs cr) 5,651
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Caplin Point Laboratories Ltd. (CAPLIPOINT) - Chairman Speech

Company chairman speech

Perspective "Rivers Never Go Reverse"

"Looking ahead gives you opportunities Looking back gives you regrets.""Chance Choice and Change made all the difference at Caplin".

An effective life is all about learning listening evolving and leading life with SelfAwareness and Self Belief. The right choices with a dynamic change will lead to successand happiness. If it is left to chance due to cognitive limitations then you learnlittle listen half understand/ aware a quarter and think zero which creates a competitorin our "Inner Olympic" and the competitor is our own Sub Conscious mind. That iswhere one sees a Tempest in a Tea Pot or Storm in a Tea Cup. As the negative tenant isalready anchored in the subconscious website the inner competitor attracts negativecompanions for the doomsday journey. The Solution Thinkers use the right choices to changethe life and business to the positive path. We are still managing the aftermath of Covid19 pandemic. Vaccination and Covid appropriate discipline are the two key elements ofself- care and health care of our people. The only concern for health is the vaccinehesitancy due to a wrong decision supported by false beliefs. However our concern forhealth of our people is to help them for vaccination and provide the necessarynutraceuticals for immunity which is almost completed in our work places. For mostCompanies the challenging environment has caused significant decrease in revenues andhowever we addressed the important priorities and created a framework to manage the endto end supply chain. production network and also maintained inventories in ourwarehouses without any stock out situations.

THE ELEMENT OF CHANCE

Our compassion and empathy did not originate one fine morning in a fit of enlightenedthinking. It was forged during my years of struggle even before Caplin had been formed.The key elements of chance in my life.

- Born in resource – poor settings

- Low self-esteem issues as a child and adolescent (the intellectual and emotionalambience of the childhood and adolescence in the home is the main missing link)

- Lack of guidance for awareness leading to false beliefs

- Inherited DNA resulting in mercurial temper.

- Poverty and ignorance led to negative mindset

- In the end lack of cognitive skills did not help me to understand how to lead aproactive life.

Worked in various places led an unexamined life anger and argumentative negativemind-set did not help me to fit into any organization finally started a business with anamount of Rs.5000/- by default rather took a chance for survival.

- Trivial pursuits resulted in random success and repeated failures in business.

- Missing the essential tools in the tool kit except my hammer. (Weakness) "whenyou have hammer in the hand everything will look like nails"

- Surrounded by partners and others who could not raise above the status -quo andmediocrity.

- Random success is the completion of the public issue with 117 times oversubscription.

- Entire proceeds were deployed in a 51000 Sq. feet factory in Pondicherry then theonly facility in Tamilnadu and Pondicherry to have all the segments of pharmaceuticals in1994.

- Did not balance between consolidation and expansion.

- Opinion bias created friction between the promoters and professionals that resultedin huge quality issues.

- Repeated failures led to straitened circumstances and strenuous circumstances.

- Wanted to be the voice of the Bottom of the Pyramid (BoP) but became specialistcommentator of poverty.

- Had a chance to read "Think and Grow Rich"

- First step to change in my thought process and awareness

- Developed the habit of reading self-help books and these books did the hand-holdingof the choices of life and business.

Caplin became a NPA Rs. 10/- per Share quoting less than a rupee.

Understood the responsibility of turnaround in life and business.

Inherited Grit and Handholding (Mentoring) of the books helped me to take the Road lesstravelled the toughest parts of Africa (war zones) later to Central America. Change inmind-set and skill set also slowly changed the Axis of life and business. The Axis ofBeing was shifted from failure to survival later the path forward for growth. Learnt theRopes of Business and positive language vocabulary beliefs that led to effective habitsand life started moving towards the road well-travelled supported by the right choices inthe form of competent professionals. In the meantime my Next-Gen joined me to take thephysical risk to change the fortune of the Company the Inflection point for choice andchange.

THE POWER OF CHOICE

When my life does not please me the choice is to create a new normal. So I created myNew Life. The Life and Business based on Choices. Self-Awareness and Self-Belief are theKey starting points for disciplined mind-set. Discipline and Determination made the lifedifferent to create the differentiation in life and business. The stock and sale next tothe customer really helped the Company and the Consumers even during the Pandemic. Whenothers are catering to the creamy layer of the market our choice is to cater to themiddle and bottom of the pyramid. This created a creamy layer to our cash flow. Today ourcash & cash equivalents of the company as at June 30 2021 is Rs 522 Cr. As animportant choice we chose to outsource formulation from China when others sourced APIfrom China. Prices of formulation of Pencillin and Cephalosporin are always lessercompared to Indian manufacturers in the international market. This created A RADICAL EDGEto Caplin Point. We also started QC labs in China and Guatemala to maintain / reassure thequality of our products which is the life line of our business.

Our choice of shift in mind-set from "Reactive-victim mode" to"Responsive-creator mode": the road less travelled to see the growth momentumfor Caplin Point.

We took the choice of creating an USFDA injectable facility to export products to USwhich is a rarity among the size of our peer companies.

{{ Learnt that Nothing happens by chance by fate but it is your choice thatcreates your own actions and fate. That is Karma.

CHANGE DyNAMICS:

If opportunity doesn’t knock be a change agent and build a door. "If youdon’t know how to handle change and change management by yourself then you arehandling everything else by default". The business that I started by default hasbeen changed to the business by Design with the help of competent Professionals today.

We are the only company of our size in India crossed INR 1000 crore exports byselling Generics in Semi - Regulated Markets of LATAM.

We also have the same distinction of creating an injectable factory with USFDAapproval exporting to USA with our own products not just being a CMO.

Other Notable changes from the Vulnerable to Valuable Phase as follows {{ 2 APIR&D (For Regulated Markets such as USA & Others.) {{ 1 Injectable R&D -(For Regulated Markets such as USA & Others). {{ 1 Oral Solid Dosage R&D

{{ 1 Injectable R&D – For ROW Market. {{ 1 CRO is all set for theUSFDA virtual Inspection {{ Also in the process of establishing front end presencein USA and Consolidation through Backward Integration of API.

TuRN AROuND COMPANy.

{{ The second largest wealth creator in the last Decade –Source: The EconomicTimes Dec 31st 2020.

{{ No.1 in R&D Spend – Source: CNBC – TV 18 Dec 31st 2020.

Indifferent set-up of Erstwhile Team to a differentiated new set-up for the pathforward in all walks of Caplin Business creating a "cultural-calendar" forCovid appropriate and Business appropriate behaviours. Hence need to have keen eyes on theall-important disciplined mind-set for Integrity Quality and Deliverables attracting theright Talent and Skill sets with ESOP and Freedom to operate for professionals.

Change created a team of honeybees looking for flowers even in the midst of dirtunlike the insects who prefer dirt.

OuTCOME

The interplay of priorities – chance choice and change helped Caplin Promotersand professionals to create the differentiated business model. As a result Caplin may notbe the largest in its sector it is unique. Although small is beautiful big is necessary.Our choices slip through the cracks when there are too many competing demands for ourtime hence our energized focus is on high impact activities to produce highest returns toour shareholders. Caplin always treaded a difficult and different path to unlock maximumvalue to all our shareholders. I am optimistic that Caplin is at the bottom-end of aJ-curve that enhances value for all the stakeholders of the Company.

C C Paarthipan

Chairman

.