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Investment & Precision Castings Ltd.

BSE: 504786 Sector: Engineering
NSE: N.A. ISIN Code: INE155E01016
BSE 14:43 | 28 Nov 284.00 -4.00
(-1.39%)
OPEN

285.00

HIGH

291.00

LOW

277.15

NSE 05:30 | 01 Jan Investment & Precision Castings Ltd
OPEN 285.00
PREVIOUS CLOSE 288.00
VOLUME 776
52-Week high 322.00
52-Week low 206.25
P/E
Mkt Cap.(Rs cr) 142
Buy Price 283.00
Buy Qty 10.00
Sell Price 286.50
Sell Qty 2.00
OPEN 285.00
CLOSE 288.00
VOLUME 776
52-Week high 322.00
52-Week low 206.25
P/E
Mkt Cap.(Rs cr) 142
Buy Price 283.00
Buy Qty 10.00
Sell Price 286.50
Sell Qty 2.00

Investment & Precision Castings Ltd. (INVPRECCAST) - Chairman Speech

Company chairman speech

Dear Shareholders

We would like to express our immense grafitude to all our valuablestakeholders for reposing con_nued con dence in our company Investment & PrecisionCas_ngs Limited (I & PCL).

We look forward to your con_nued support and patronage in the days tocome as well and we believe that we possess the vision mission strength and resolve tosteer in this intricate era for growth prosperity and well-being of everyone.

FY 21-22 saw the automouve sector face several headwinds due toCovid-19 surging commodity prices semiconductor shortages and the Russia-Ukraine conict. As a result the volume of our business has come down sharply from this sector. Asper the data released by SIAM the comparison of major three segments of auto industry isgiven in the below table.

Segment FY 2021-22 FY 2020-21
Domestic Industry 15.4% (6.1)%
Commercial Vehicle 26.0% (20.8)%
Passenger Vehicle 13.2% (2.2)%

However in the coming Financial Year 2022-23 we are expec_ng asignificant improvement in business from Auto Sector as commodity prices undergocorrec_on. The supply of semiconductors is improving over FY 22-23 and we expect normalcyon this front by end of the fiscal year. As far as the Russia-Ukraine conflict isconcerned one of our largest export projects had to be halted as the supply chain wasdisrupted across Europe due to the invasion and we hope that the conflict can be ended assoon as possible by peaceful means. Despite these challenges the automouve demandremains strong in India and the sector is expected to grow this year and will henceprovide several opportuni es for I&PCL.

This fiscal year we expect the growth rate in Non-Automouve segment tooutpace the automouve sector and is in line with our diversi ca_on strategy. Despitelosing a valuable export project due to the Russia-Ukraine con ict we are con dent ofseveral other opportuni es will arrive and we are ready to seize them. As global supplychains are adoping a ‘China+1' strategy we expect several direct as well asindirect export opportuni es for Indian manufacturers.

To conclude the enfire rank and le in IPCL is commi_ed to sustainablebusiness development pro tability growth and for building up an enterprise which isvibrant innovafive and which ful lls the aspira_ons of all the stakeholders.

I convey my special thanks to my fellow Board Members for theircon_nuous guidance and support for the growth of the company.

Chairman & Managing Director

.