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National Peroxide Ltd.

BSE: 500298 Sector: Industrials
NSE: NATPEROXID ISIN Code: INE585A01020
BSE 00:00 | 30 Sep 1759.05 16.00
(0.92%)
OPEN

1744.00

HIGH

1779.90

LOW

1720.00

NSE 05:30 | 01 Jan National Peroxide Ltd
OPEN 1744.00
PREVIOUS CLOSE 1743.05
VOLUME 1414
52-Week high 2364.00
52-Week low 1199.95
P/E 110.56
Mkt Cap.(Rs cr) 1,011
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1744.00
CLOSE 1743.05
VOLUME 1414
52-Week high 2364.00
52-Week low 1199.95
P/E 110.56
Mkt Cap.(Rs cr) 1,011
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

National Peroxide Ltd. (NATPEROXID) - Chairman Speech

Company chairman speech

Dear Shareholders

I sincerely hope you and your loved ones are staying safe and healthy. As COVID-19pandemic impacted countless lives and created uncertainty amongst economies and businessesat large I am pleased to report that NPL responded with agility and resilience to sustaingrowth and ensure business continuity. As Wadia Group’s flagship manufacturingcompany and the largest manufacturer of hydrogen peroxide we have always strived tocreate value despite operating in a commodity business.

As a pioneer and largest manufacturer of Hydrogen Peroxide (H202) in the country weboast a complete value chain of chemistry within H202 that includes hydrogen peroxidecompressed hydrogen gas as well as peracetic acid. Creating a niche market we serve largecompanies operating across multiple downstream industries with our products earlierimported in the country.

COVID-19 did pose challenges to our business in the first quarter of FY21 as demandslowed and the supply chain were disrupted due to lockdown and minimal movement of peopleand goods. However as the lockdown restrictions eased demand picked up and we served ourcustomers with agility and speed.

Notwithstanding the trailing impacts of the pandemic we continued to make progressiveinvestments in our already established R&D facility. It continues to deliverexcellence helping us expand our markets into new downstream sectors with sustainedproduct innovation. It gives me great pleasure to report that during the fiscal we startedour journey of export emerging as the largest exporter from India for H202.

Performance Highlights

This year we reported a consolidated revenue of H 21500 lakhs 12.43% higher thanprevious year. Our EBIDTA stood at H 4244 lakhs and PAT for the year was at H 2117lakhs. Nonetheless we sustained our profitability levels year-on-year driven by focusedcustomer centricity and implementing cost-controls across the product value-chain. Prudentfinancial management helped generate cash flow resulting in an interest coverage ratio of3.16 times.

Creating value

Over the years we continue to override the perception that we operate in acommodity-driven segment with minimum value creation. However our value-accretivebusiness model rests on key strengths that generate value for our stakeholders. First ourgrowing customer base with growing trust forms the foundation of our market share.Further our recent foray into export market marks a new chapter of growth in ourcorporate journey and we are optimistic of expanding our international presence in thecoming years.

Second our operational excellence remains cornerstone of our business. Our processinnovations energy conservation methods and enhanced capacities allow us to achievegreater economies of scale to deliver products with highest quality.

Third measures taken to strengthen our balance sheet ensured that the key ratiosstayed healthy. Our aim is to grow our earnings in line with recurring Free Cash Flows andreduce our long-term debt by year 2024.

Restructuring

Moreover in our quest to create more value for our stakeholders we are restructuringour organization by demerging our chemical business into NPL Chemicals Ltd. and mergingour subsidiary company Naperol Investments Ltd. engaged in the business of making longterm investments and corporate lending .

This restructuring is aimed at segregating different businesses with different risk andreturn profiles. It also allows investors to put their money in a company that best suitstheir investment strategies and risk profile. This strategy is expected to bolster ourgrowth aspirations as well as create value for stakeholders.

NPL and future

The year marks an important in chapter in our legacy. While COVID-19 posed challengeswe mitigated the risks with proactive measures in place. We prioritized employee healthand safety over business growth. People development has always been our key focus and wecontinue to recruit and retain talented individuals across our company. We implementedsafety protocols at our plant and office in guidance with the government regulations.

We welcome the new year with lot of expectations. We thrive to reduce our operationalcosts so as to offer competitive pricing for our customers. Leveraging on our newly set-upR&D unit we are also looking forward to widen our product applications across newdownstream sectors.

I would like to thank the Board of Directors Shareholders Customers and Employeesfor their continuous support and trust in our Company. I am very grateful to everyone whohas contributed to this growth and I look forward to continuing with you on this excitingjourney.

Rajiv Arora

Chief Executive Officer & Director

.