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Jyoti Resins and Adhesives Ltd.

BSE: 514448 Sector: Industrials
NSE: N.A. ISIN Code: INE577D01013
BSE 15:24 | 08 Dec 1322.00 -2.95
(-0.22%)
OPEN

1325.00

HIGH

1344.80

LOW

1320.15

NSE 05:30 | 01 Jan Jyoti Resins and Adhesives Ltd
OPEN 1325.00
PREVIOUS CLOSE 1324.95
VOLUME 6648
52-Week high 1818.45
52-Week low 263.86
P/E 53.41
Mkt Cap.(Rs cr) 1,586
Buy Price 1322.00
Buy Qty 44.00
Sell Price 1329.00
Sell Qty 4.00
OPEN 1325.00
CLOSE 1324.95
VOLUME 6648
52-Week high 1818.45
52-Week low 263.86
P/E 53.41
Mkt Cap.(Rs cr) 1,586
Buy Price 1322.00
Buy Qty 44.00
Sell Price 1329.00
Sell Qty 4.00

Jyoti Resins and Adhesives Ltd. (JYOTIRESINS) - Chairman Speech

Company chairman speech

We positioned our company ahead of the curve; we focused on being opportunityready.

Overview

With near normalcy all around the pain and suffering caused by the pandemic at thestart of the year seem so distant now. But the memories of JYOTI RESINS AND ADHESIVESLIMITED (JRAL) and their loved ones we lost during the year will forever remain with us.My thoughts and prayers are with everyone who endured the loss of friends and familymembers to the pandemic.

Through all the challenges I have deeply admired the resilience of my extraordinarycolleagues at JRAL who demonstrated dedication and professionalism and kept the businessmoving forward. I am also grateful to our customers and to you our shareholders for yourunwave ring trust in the Company.

What our people mean to us

Our strong FY22 performance was possible because of the passion and tireless effort ofour employees. It was our highest priority to ensure the health of our employees whilealso securing operations supply chains deliveries and service to our customers.

We constantly had been looking for various ways to improve the productivity over theorganisation. Our employees are the heart of our business. Their continued commitmentfocus and hard work have been the roadmap for our success. To satisfy our customers as pertheir needs we balanced our employee mix around experience and youthfulness alsoenergised our teams around challenging targets and delegated responsibilities andauthority. We constantly looked for the ways to transform various initiatives to improveor to bring necessary changes in its product or services.

As we move forward we will make every possible effort to build develop and retain adiverse talent pipeline while fostering a culture where everyone feels seen heard andempowered to thrive.

As we move forward we will make every possible effort to build develop and retain adiverse talent pipeline while fostering a culture where everyone feels seen heard andempowered to thrive.

Accelerating Growth.

Scaling New Heights.

It gives me immense pride to inform you that we closed the financial year with one ofthe best performances in our history. Our Revenue grew year on year by 79.64% to ? 181.96Crore while improving the EBITDA signifi cantly by 61% year on year to ? 27.22 Crore inFY 2021 -22. Our Profit after Tax grew by 62% to ? 19.76 Crore compared to ' 12.16 Crorelast year. This improvement was reflected in our financial metrics like Return on CapitalEmployed strengthened from 36.72% in FY 2020 -21 to 42.36% in FY 2021-22. We grew marketshare across our businesses and continued to make significant investments in building ourcapabilities nurturing talent expanding our technology prowess all the whilemaintaining credit discipline and a healthy balance sheet.

Unlocking full potential

As we grow our revenues we will continue to invest in this segment to sustain healthygrowth rates over the next few years. In white glue business our focus has been oncustomization of glue required by our customers from time-to-time. With our investment inmodernization capacity expansion and technological upgradation we are aiming to expandour huge plant with capacity of 1500 tonnes per month as on 31 march 2022 to 2000 tonnesper month. Similar investments alongside impro ved efficiencies and optimum utilizationof capacities should enable us to deliver operational excellence and result in evenbetter performance going forward.

Our expansion plans are a big part of our overall vision of becoming a strong force inthe global chemical industry and playing a much larger role in our customers' success.

Increasing relevance

Our vision for Jyoti Resins was essentially to be a company focused on specificproduct lines with a growing relevance in a modernising India. We backed our conviction byinve sting ahead of the curve and created infrastructure that sent out a message to ourtrade partners that we were here to stay. We convinced opinion makers and influencers thatthe country was at a turning point when it came to product preferences. The result is thatwe were not just focused on the transaction but positioned ourselves as missionariesfocused on widening the market

Most importantly we resolved to build a company that would push sales only to theextent the market could bear without compromising the integrity of our Balance Sheet. Webelieved that herein lay the secret of multi year sustainability. If we built to a pointwhere our terms of trade were skewed in the organisation's interest where cash inflowswere quick enough to moderate the cost of staying in business where the operative word atour Company was 'cash flows' more than cash profit and where we prioritised liquidity overprofitability we would always be an attractively-sized company with a compelling BalanceSheet where the overriding desire would be to be the best over simply wanting to be thebiggest.

Optimism

At JRAL we are opportunity ready We are optimistic of carving out a larger share inthe markets of our presence. As an extension we continue to believe that we should beable to maintain consistent growth enhancing value for all our stakeholders.

On behalf of the Board and management I once again wish to thank you ourshareholders for your continued support. We remain committed to creating long-term valuefor you every day.

Best Regards

Jagdish N. Patel

Chairman

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