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Kesar Petroproducts Ltd.

BSE: 524174 Sector: Industrials
NSE: N.A. ISIN Code: INE133C01033
BSE 12:30 | 16 Jul 17.50 -0.90
(-4.89%)
OPEN

18.60

HIGH

18.90

LOW

17.00

NSE 05:30 | 01 Jan Kesar Petroproducts Ltd
OPEN 18.60
PREVIOUS CLOSE 18.40
VOLUME 80824
52-Week high 74.80
52-Week low 17.00
P/E 5.54
Mkt Cap.(Rs cr) 169
Buy Price 17.40
Buy Qty 480.00
Sell Price 17.50
Sell Qty 352.00
OPEN 18.60
CLOSE 18.40
VOLUME 80824
52-Week high 74.80
52-Week low 17.00
P/E 5.54
Mkt Cap.(Rs cr) 169
Buy Price 17.40
Buy Qty 480.00
Sell Price 17.50
Sell Qty 352.00

Kesar Petroproducts Ltd. (KESARPETROPROD) - Chairman Speech

Company chairman speech

We are excited in presenting in presenting prospects of an absolutely transformed KesarPetroproducts.

The present management of the Company assumed control in 2014 when prospects for theCompany appeared grim. The Company had reported aggregated net losses of C49.18 crore till2008-09 and the Company had been referred to the Board of Industrial and FinancialReconstruction (BIFR). We are pleased to report that despite all apprehensions the newmanagement of Kesar Petroproducts has succeeded in steering the Company around capped by aprofit after tax of C20.08 crore during the year under review. The principal message thatwe wish to send out to our shareholders is that this turnaround is not one-off andtransitory; the transformation in our profitability is sustainable and represents afoundation on which we expect to grow our year-on-year prospects across the foreseeablefuture.

Three overarching trends

This overview will largely focus on three overarching sectoral trends that augur wellfor our business across the foreseeable future.

Secular colour-driven trend: As the world gets younger in some of the more populatedgeographies there is a fundamental movement towards colour-vibrancy which in turn isrelated to the need for feel-good; besides printing technologies have become increasinglyversatile making it possible to reproduce virtually any colour on demand through astronger interplay of information technology. As designers become more nuanced – andhence more demanding – in their colour requirements leading to product and branddifferentiation there is a cascading impact on pigment manufacturers to deliver productsof a consistently high quality.

Greener material: There is a growing recognition that in the world of colours therewill be a larger role for modern-day pigments over conventional dyes on the grounds ofenvironmental integrity cleaner technology-driven textile processing and richer tonalimpact. The traction is reflected in the numbers: even as the market for pigments isgrowing annually at the rate of population growth the considerably larger dyes market isde-growing. What makes pigment prospects compelling is that it accounts for a mere 2% ofthe overall colours market indicating a vast operating leverage that can keep the sectorgrowing sustainably for years to come.

Make in India: We are finally seeing a weakening in China's CPC competitiveness; thisis creating an attractive window of opportunity for robust Indian pigment manufacturers.Over the last few years an increased investment in environment compliance within China'spigments sector coupled with a sharp increase in wages has affected China's global CPCmarket share. Nimble Indian pigment manufacturers have capitalised and theircompetitiveness is reflected in the fact that some have even begun to export to China.

Our vision

At Kesar Petroproducts we believe we have a significant market-leading role to play inthis transformation. A near-9% share of the global CPC market makes us one of the largestglobal players in this space; across the foreseeable future we expect to enhance ourcapacity utilisation and value-addition with the objective to unlock value and emerge asone of the best known CPC players in the world coupled with a growing non-CPC play thatenhances value for all those associated with our company.