You are here » Home » Companies » Company Overview » D. P. Abhushan Ltd

D. P. Abhushan Ltd.

BSE: 535026 Sector: Consumer
NSE: DPABHUSHAN ISIN Code: INE266Y01019
BSE 05:30 | 01 Jan D. P. Abhushan Ltd
NSE 00:00 | 30 Nov 282.50 2.90
(1.04%)
OPEN

285.20

HIGH

289.95

LOW

277.00

OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

D. P. Abhushan Ltd. (DPABHUSHAN) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me an immense pleasure to place before you the Third Financial Statement ofyour company for the period ending on 31st March 2020. The Company came into an existencefrom 2nd May 2017 through conversion of Partnership Firm M/ s D.P. Abhushan under the PartI of Chapter XXI read with Section 366 of the Companies Act 2013 and brought the mostsuccessful Initial Public Offer of 5932000 equity shares of Rs. 10 each at a premium ofRs.18 in the year 2017-18.

It is matter of pride and pleasure to inform you that in spite of slowdown of economyregulatory reforms trade wars between various countries and spread of covid-19 pandemicyour Company has made turnover of Rs.808.61 Crores for the financial year 2019-20 asagainst Rs.812.13 Crores in previous year whereas EBITDA was Rs.3310.68 lakhs for theFinancial year 2019-20 as against Rs.2790.37 lakhs in the previous year i.e. the growth of18.65%. This performance was possible due to effective cost management of business betterprice realization and aggressive marketing of its products. It is a further matter ofgreat satisfaction to all of us that as compare to the peers of industries your companyhas broken or crossed many pre-determined performances in terms of show room wise salesno. of customers footfall turnover ratios etc.

I feel very satisfied to inform you the stubborn decision of management to increaseinventory at a time when prices were lower has put your company ahead of its peers interms of lower cost of sales.

"DP Golden Locker" facility to convert old jewellery into new designedjewellery under advance jewellery booking facility has been receiving good response fromthe customers. The spellbound performance of 300% increase in number of customers volumeand value shows the tremendous faith in the management of your company.

In continuation of its mesmerizing performance your Company has been recognized bynumbers of awards during the year comprising of prestigious awards such as:

• Best Bridal Diamond Jewellery Of The Year 2019

• Best Ring Of The Year 2019

• Special Excellence Award & Best Lifestyle Excellence Awards Indore-2020

• Most Innovative Marketing Campaign -Print &Most Prestigious Jewellery BrandOf The Year In Madhya Pradesh as a recognition for branding and marketing practices.

As promised in last AGM that your company will broaden its years old brand "D.P.Jewellers-A bond of trust since 1940" in central India which include mainly M.P.Rajasthan by establishing more show room in Tier II and Tier III cities. I feel extremelywarm and contended to enlighten you that your company has celebrated the grand opening ofnew show room at Ujja in on 12-8-2020 spreading across2200 sq. ft. at a prominentlocation. Further to fillip it your Company is going to open another show room atBhilwara by the end of November 2020.

Going forward your company will continue to focus on Tier II and III cities of M.P.Rajasthan and Gujarat as a part of its mission of expansion. In addition to opening newshow rooms your company is ready to show its mettle on E-Commerce platform by introducingits digital business brand. The impact of Covid-19 Pandemic are less in the cities wherecompany has its showroom as compared to big cities where its peers have their showrooms.Further due to good rain and fast growth in rural economy the business in Tier II and IIIcities will pickup very fast because of their proximity and connectivity with rural India.

Before I conclude I would like to place on record my heartfelt gratitude to allemployees and our sincere thanks to Bankers NSE and all our shareholders who haveextended their valuable support.

With Warm Regards

For D.P. Abhushan Ltd.

Sd/-

VIKAS KATARIA

Chairman and Managing Director

Place: Ratlam

Date: August 14.2020

.