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Kokuyo Camlin Ltd.

BSE: 523207 Sector: Services
NSE: KOKUYOCMLN ISIN Code: INE760A01029
BSE 13:03 | 11 Dec 101.90 0.30
(0.30%)
OPEN

99.20

HIGH

102.40

LOW

98.40

NSE 12:56 | 11 Dec 102.00 0.10
(0.10%)
OPEN

103.75

HIGH

103.75

LOW

100.15

OPEN 99.20
PREVIOUS CLOSE 101.60
VOLUME 689
52-Week high 156.75
52-Week low 88.50
P/E 50.20
Mkt Cap.(Rs cr) 1,022
Buy Price 101.35
Buy Qty 19.00
Sell Price 101.95
Sell Qty 87.00
OPEN 99.20
CLOSE 101.60
VOLUME 689
52-Week high 156.75
52-Week low 88.50
P/E 50.20
Mkt Cap.(Rs cr) 1,022
Buy Price 101.35
Buy Qty 19.00
Sell Price 101.95
Sell Qty 87.00

Kokuyo Camlin Ltd. (KOKUYOCMLN) - Chairman Speech

Company chairman speech

CAMLIN LIMITED ANNUAL REPORT 2009-2010 CHAIRMAN'S REPORT Dear Shareholders, 2009-2010 has been an excellent year at Camlin. Camlin demonstrated the strength and power of its brand, its reach and its connect with the customers through the best result it has posted since inception. The year marked growth all around. Growth in revenues by 17%. Growth in EBIDTA by 40% and growth in PAT by 97% to Rs. 12.04 Cr. ROCE for Camlin improved from 16% last year to 21 % in the current year. We believe we are at an inflection like never before. Camlin is all set to grow three fold in the next five years. Macro tailwinds: Camlin's growth is directly linked with the growth in literacy and education in India. The urgency to enhance literacy and 'education for all' is being felt now. Initiatives taken by the Government like the 'Sarva Shiksha Abhiyan' and the Right of Children to Free and Compulsory Education Act, 2009 are steps in the right direction. From our point of view, this is great news as high literacy means more demand for our products. We have also observed that schools are not alone in encouraging better quality of products. Parents understand the need to buy better quality products for their children as well. In all, the opportunity for Camlin products is at an inflection. Camlin connects: We touch your lives. Camlin has been a mentor to every child. If you have children or while you were a child, you would have used a Camlin product, and you definitely do so even now. The power of the Camlin brand is enormous with strong consumer connectivity. Camlin has aggressively built on the strong brand through new products, better communication and wider reach. As the opportunity expands, Camlin is all set to 'Camlinize' it. Touching more consumers: Camlin touches over 55 million households. The Company has been extending this reach to more consumers every year. Camlin products are today available across over 150,000 retail touch points. As India grows and this growth travels from larger cities to smaller cities and class C towns, Camlin is extending its reach. Its products are today reaching these smaller towns and connecting with consumers there. This is a whole new market that is waiting to explode. Camlin is also increasing its interaction with schools. We expect to touch over 25,000 top schools. New products, better products: Camlin has a strong R&D set up that is constantly anticipating customer needs and working on creating new products and improving existing products. The opportunity is increasing. The reach is increasing. And we are adding new products to make the most of the opportunity and the inflection. Expanding manufacturing, enhancing capacity and modernising: Camlin has invested extensively over the last three years to modernise and increase capacity by four times. And the capacities are going on-stream at an opportune time when the focus on education is growing. Manufacturing is critical to our business as it helps us get scale which in turn helps us reduce our cost of production. New business opportunity: We serve India's education space. We have closely followed the education opportunity in India. Within this, we feel there is a good opportunity to grow the pre-school space. Camlin has made a modest beginning by starting our own pre-school called Alphakids in Andheri, Mumbai. The response has been extremely encouraging. Consequently, we will be opening 2 more pre- schools in 2010-2011 in Thane and Kharghar respectively. Going forward, we intend to grow this business and create another revenue stream for Camlin shareholders. Outlook: We are very excited about the next few years. The education and literacy drive of the Government and the increase in per capita GDP in India are creating a platform for a structural growth phase. We are creating new products, more competitively. We are penetrating deeper into India to smaller towns. We are expanding our reach and touching more consumers every day. We are generating better cash flow for further investment. We are in a virtuous cycle now. We feel confident. And our confidence stems from the team we have built that is passionate about the business we are in. Thank you for your support in all our endeavours. Yours Sincerely, Dilip Dandekar Chairman & Managing Director.