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Generic Engineering Construction & Projects Ltd.

BSE: 539407 Sector: Infrastructure
NSE: N.A. ISIN Code: INE854S01022
BSE 09:35 | 27 May 53.20 0.80
(1.53%)
OPEN

52.45

HIGH

53.20

LOW

52.45

NSE 05:30 | 01 Jan Generic Engineering Construction & Projects Ltd
OPEN 52.45
PREVIOUS CLOSE 52.40
VOLUME 1505
52-Week high 123.00
52-Week low 39.00
P/E 14.78
Mkt Cap.(Rs cr) 224
Buy Price 52.45
Buy Qty 75.00
Sell Price 54.00
Sell Qty 100.00
OPEN 52.45
CLOSE 52.40
VOLUME 1505
52-Week high 123.00
52-Week low 39.00
P/E 14.78
Mkt Cap.(Rs cr) 224
Buy Price 52.45
Buy Qty 75.00
Sell Price 54.00
Sell Qty 100.00

Generic Engineering Construction & Projects Ltd. (GENERICENGINEER) - Chairman Speech

Company chairman speech

Your Company Generic Engineering Construction and Projects Limited (GENERIC)have an objective to become a formidable player in the organized segment in constructionof residential buildings and industrial complexes. Your company is determined to endowwith strong security advanced technology skilled manpower and constructional perfectionat every site where we undertake our projects. We believe in providing qualitybreakthrough real estate products and services to our clients. We strive for mostefficient utilization of funds and quality construction work with objective of valuecreation for our clients. Taking an environment oriented and people guide approach we helpour clients build high quality real estate that is practical and functional. Our aim is tocreate a better life for the community and country; we hope to establish a very specialrelationship with all our stakeholders to achieve their respective dreams.

GENERIC is engaged in the construction of residential industrial commercial andInstitutional buildings with presence in Navi Mumbai and Mumbai Metropolitan Region (MMR). Generic offers general contracting design-build; engineering procurement andconstruction (EPC); and project management consultancy (PMC) services. Your company'sforte lies in executing projects having a ticket size between Rs. 25 crore to Rs. 100crore. Your company has expertise in building data centres hospitals schools all typesof industrial and residential buildings. The company is a pioneer in building coldstorages and hospitals. Your company has the highest market share of contracting businessin the fastest growing market of Navi Mumbai where the company has delivered more than300 industrial buildings. We also provide designing and engineering services forarchitecture structural electrical mechanical HVAC plumbing and sewerage fireprotection building management and infrastructure works.

Mr. Ravilal Patel the founder started the civil contracting business in 1967 in thename of Generic Enterprise. In 2004 the company was incorporated as Generic Engineeringand Construction Pvt. Ltd. In 2013 Your company ventured into cold storage projects withtemperature range up to -40 C. In 2015 the company executed its first Design &Build project. In 2016 we received first order from Reliance Foundation to buildKokilaben Dhirubhai Hospital at Navi Mumbai which was completed in 2018. Post that wegot back-to-back orders to build hospitals from Reliance Foundation. In 2016 GenericEngineering Construction and Projects Ltd. (GENERIC) was listed on BSE via reverse-mergerprocess by acquiring Welplace Portfolio and Financial Consultancy Services Limited.

We continue to strengthen our engineering capabilities and upgrade our skills toexecute projects with more complexities. We are working on numerous projects while meetingthe committed completion timelines thus adding significant value to our clients.

It gives me immense please to share with you all an update on the overall performanceof your company during the year 2018-19. In the backdrop of current environment given thecontinued slowdown in the real estate sector coupled with the liquidity squeeze faced bydevelopers and financiers we believe the performance of your company is extremelyencouraging. Our financial performance highlights is as follows: -Our total revenue fromoperations grew by around 46% during the year from Rs. 138.32 crore to 202.00 crore duringFY 2018-19. Our EBITDA has grown by 49.57% from Rs. 19.58 crore in FY2017-18 to Rs. 29.29crore in FY2018-19. Our PAT was up by 35.87% from Rs. 11.50 crore to Rs. 15.62 crore.

Your company's Return on Capital Employed stood at 16.28% in FY2018-19

For the Financial Year 2018-19 Your Board of Directors have recommended a FinalDividend of Rs. 0.05 per equity share on face value of Rs. 5/- per equity share subject tomembers' approval.

I would take this opportunity to thank all our esteemed Customers suppliers FinancialInstitutions and Banks our Board of Directors and Employees for their continued supportsincerity guidance and hard work and look forward to the same going forward.

Best regards. MD