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Morganite Crucible (India) Ltd.

BSE: 523160 Sector: Engineering
NSE: N.A. ISIN Code: INE599F01012
BSE 00:00 | 10 Aug 1688.05 -17.00
(-1.00%)
OPEN

1695.00

HIGH

1720.45

LOW

1667.15

NSE 05:30 | 01 Jan Morganite Crucible (India) Ltd
OPEN 1695.00
PREVIOUS CLOSE 1705.05
VOLUME 2767
52-Week high 2290.00
52-Week low 1180.00
P/E 38.17
Mkt Cap.(Rs cr) 473
Buy Price 1671.00
Buy Qty 5.00
Sell Price 1699.00
Sell Qty 2.00
OPEN 1695.00
CLOSE 1705.05
VOLUME 2767
52-Week high 2290.00
52-Week low 1180.00
P/E 38.17
Mkt Cap.(Rs cr) 473
Buy Price 1671.00
Buy Qty 5.00
Sell Price 1699.00
Sell Qty 2.00

Morganite Crucible (India) Ltd. (MORGANITECRUCIB) - Chairman Speech

Company chairman speech

MESSAGE TO SHAREHOLDERS

Dear Shareholders

It is with immense pride and pleasure that I present to you the annualreport of Morganite Crucible (India) Limited for FY 2018-19. I am delighted toreport another year of good performance with growth in sales and profitabilityintroduction of new products efficiency improvements and steady returns to ourshareholders. During the year our Company embarked on multiple strategic initiativesincluding capacity expansion and business extension aimed at achieving sustainableprofitable growth.

The Molten Metal Systems business delivered organic revenue growth of7.3% globally in CY 2018 and our Company continues to remain an important contributor tothe Molten Metal Systems' growth. Against a favourable market backdrop coupled withthe growth strategy our Company has delivered organic growth in sales and profitabilityduring the year. We are happy to declare a final dividend of र 12/- per equity share forthe financial year ended March 31 2019 in addition to the interim dividend of र 4/- pershare paid during the financial year.

Most significantly Mr Vikas Kadlag joined our Company as ManagingDirector to lead the MMS business in India. Mr Kadlag is exceptionally qualified with theright skills and expertise to take on the role. I believe the business will continue to bein excellent hands under his guidance and leadership. Going forward our Company'sfocus continues to remain on increasing technical differentiation in our products drivingsales effectiveness and improving operational execution in our quest to remain the globalbusiness leader in our markets.

I would like to thank all our employees and partners for theircontinued hard work and our customers and shareholders for their continued support. I lookforward to another successful year ahead.

Sincerely
Dr Aniruddha Karve
Managing Director
Molten Metal Systems (MMS)