The core of the performance is driven by a high level of quality service andcommitment that has enabled us to widen our partnership to newer products and increase ourvolume of supplies
At The Beginning Of 2020 Only Few Of Us Could Have Anticipated The Profound ChallengesThat The world would face and the events that unfolded. more than a year has passed sincethe beginning of the covID-19 pandemic. the impact has pushed every corporate citizen torethink their business strategies in adapting to the changing needs of the stakeholders.like the rest of the world everyone at nGl has experienced great upheaval as we have hadto adapt to living and doing business differently. as the crisis continues to evolveensuring the safety of our colleagues while meeting the challenges presented by the globalhealth emergency continued to remain our top priority. we were quick in rolling out workfrom home when the pandemic struck. post the gradual unlocking we rented new officepremises to reduce travel time and provided transport facilities to our staff and workers.we continued to follow all the desired protocols of mask usage and workplace sanitisationand ensured controlled covID-19 incidence and downtime. looking back nGl and its peoplecan be proud of the effectiveness with which they navigated the crisis and emergedstrongly. we would like to commend the commitment that all colleagues have shown insupporting each other throughout this challenging period and ensuring the businesscontinuity.
Today There Are Very Few Companies That Have The Reputation And Experience To BeCounted As A strategic manufacturing partner for top global animal health companies. overthe years we have built this credibility by consistently delivering quality products in atimely manner. Our ready capacities sufficient stock of raw materials and quickerresumption of operations gave us the opportunity to respond to the urgent unmet needs ofthe customers. the timely deliveries improved our market share and further strengthenedour positioning as a reliable global supplier of animal apIs and formulations.
The Outcome Is Reflected In Some Of The Encouraging Performance Trends We WitnessedDuring The year:
Total turnover increased by 70.77% to Rs 255.21 crores
EBITDA increased by 257.04% to Rs 85.23 crores
PAT increased by 423.30% to Rs 55.47 crores
EBITDA and PAT margins reported at 33.40% and
Exports as a percentage of total revenues strengthened to 77.49% the core of theperformance is driven by a high level of quality service and commitment that has enabledus to widen our partnership to newer products and increase our volume of supplies. throughcontinuous r&D and innovation we have created a win-win proposition for ourcustomers. today we have a strong product basket of over 20 apIs in animal health. Itfurther allows us to diversify our customer base and continuously reduce our contributionfrom top 10 customers. our current capacity utilisation levels are in the range of 85-90%which further necessitates the headroom for further expansion. while we are continuouslydebottlenecking and making efforts towards process improvement to help attain highercapacities we are also considering our next leg of greenfield capacity expansion at our
Encouraging Operating Environment
The Adoption Of Companion Animal And Pets Has Been On A Constant Rise So Is The Concerntowards their health and well-being. as such the animal health market is expected towitness a healthy caGr of 4.7% till 2027 while the animal apI market will accelerate morequickly at a caGr of 6.9% in the same time period. the strategic goal of the company is tobe a global player in animal Health apIs and in line with this goal we continue to addproducts and customers in different markets. the focus is on animal Health apIs in boththe livestock and companion animal segment. most of our products cater to the livestocksegment and the trend would continue for the newer products as well.
A Key Part Of Our Company's Purpose And The Value That We Create For Stakeholders Issustainability. we believe that sustainable development means progress towards a healthierand more prosperous world for future generations. this means balancing the needs ofsociety the environment and the economy. the pandemic has led to a growing publicawareness of the need for action on climate change. the overuse of natural resources hasdriven sustainability to the top of the agenda for governments investors andorganisations across the world. at nGl sustainable and environmental focussedmanufacturing forms the bedrock of our thinking. our efforts are strictly focussed towardsusage of cleaner energy reducing water consumption recycling solvents and creatingre-consumable by-products. we are in the process of upgrading our facilities to ensure100% zero discharge facility' by recovering effluents and recycling it. Besidesboth the boilers run on green fuels thus avoiding the usage of coal or oil.
As We Begin The Next Strategic Cycle We Are Aware Of The Challenges Which Have BeenAmplified by Covid-19. At the same time we see tremendous opportunities as we build onthe achievements from the previous strategy cycle. we have ambitious investment planstowards expanding our capacities and capture the untapped unit. potential of the market.we want to reiterate our personal thanks to senior leadership and all our colleagues fortheir hard work and dedication through this unprecedented period. we are grateful that wehave always been in a position to count on their engagement experience and capabilitiesto rise to the challenges faced by the company. we would also like to sincerely thank ourboard bankers customers partners and shareholders for their continued trust andsupport. you have been a pillar of stability during a year of crisis and we intend toensure that your steadfastness is rewarded.
|warm regards |
|rahul nachane |
|managing Director |