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Shree Ajit Pulp and Paper Ltd.

BSE: 538795 Sector: Industrials
NSE: N.A. ISIN Code: INE185C01017
BSE 00:00 | 28 May 165.90 -8.70
(-4.98%)
OPEN

183.30

HIGH

183.30

LOW

165.90

NSE 05:30 | 01 Jan Shree Ajit Pulp and Paper Ltd
OPEN 183.30
PREVIOUS CLOSE 174.60
VOLUME 33
52-Week high 237.90
52-Week low 133.20
P/E 5.89
Mkt Cap.(Rs cr) 89
Buy Price 165.90
Buy Qty 10.00
Sell Price 165.90
Sell Qty 316.00
OPEN 183.30
CLOSE 174.60
VOLUME 33
52-Week high 237.90
52-Week low 133.20
P/E 5.89
Mkt Cap.(Rs cr) 89
Buy Price 165.90
Buy Qty 10.00
Sell Price 165.90
Sell Qty 316.00

Shree Ajit Pulp and Paper Ltd. (SHAJITPULP) - Chairman Speech

Company chairman speech

"Alone we can do so little; together we can do so much." Helen Keller

Dear Shareholder

At the outset we thank you for your continuous support. I would like to share theresults of the performance of Shree Ajit Pulp and Paper Limited ('the Company/SAPPL') forthe financial year 2018-19.

Performance in FY 2018-19

FY 2018-19 has been one of the best year in terms of financial performanceholistically. Our standalone net profit has been the highest ever. A year in which weachieved superior operational performance. Let me highlight some of the majoraccomplishments during the year 2018-19 which would not have been possible without yoursupport.

During the FY 2018-19 your Company earned a highest ever profit after tax (PAT) of Rs.2312.86 lakh against a profit of Rs. 825.41 lakh earned during the FY 2017-18 and achievedturnover of Rs. 26947.64 lakh against a turnover of Rs. 25269.63 lakh during the FY2017-18.

The Board has recommended a dividend of Rs. 0.75 /- per equity share of Rs.10/- each.

Highest ever paper produced in FY 2018-19 was 89716 MT against the previous productionof 82478 MT during the FY 2017-18 registering an increase of 8.78% throughout. This highperformance could be achieved by optimal raw material mix better equipment reliabilitytimely shutdown adherence and commendable operational discipline.

The total sales volume of all products during the FY 2018-19 has been 89685 MT with asales value of Rs. 26217.06 lakh which is about 4.97% higher than previous year salesvalue of Rs. 24974.69 lakh. Also the Company has achieved the highest ever export of Rs.632.84 Lakh against the export of Rs. 18.07 lakh in the FY 2017-18.

Industry Background 2018-19

Growing e-commerce space and increasing presence of the FMCG and packaged foodindustries contributed to the growth in the sector. The demand drivers also include highglobal pulp prices rising income levels growing per capita expenditure rapidurbanization and a larger proportion of earning population which is expected to leadconsumption. The low domestic per capita paper consumption also provides potential to theindustry in the long-term.

Proactive Action Towards the Future

With newer opportunities in the market and fiercer competition along with ourambitious capacity augmentation plans not only should we penetrate and capture newermarket but also consolidate our share in existing markets. In short we must be a futureready organization to support our next phase of growth story. Hence keepingin mind of thesame your Company during the mid of the FY 2018-19 started operational excellence programnamely "UTKARSH" to focus in the following main areas:

• Material Purchase cost reduction

• Manufacturing excellence

• Sales effectiveness Enhancement

• Process & System Improvement

These will positively effect our performance in the form of reduced purchase costimproved productivity & manufacturing process in the up-coming year/s.

Future Outlook

SAPPL in line with its mission to achieve "QUALITY rather than QUANTITY"your company always welcomed technology changes and involve automation of plant tosustainably use resources and improve in the quality of paper as well as increase inproduction capacity and provide the better support and results to stakeholders.

During the year the Board of Directors of the Company have approved setting up a newplant for the manufacture of fluting Testliner and kraftliner paper in Vapi Gujarat atan estimated capital outlay approximately of Rs. 275 Crores as an expansion plan.

Gratitude

On the concluding note I would like to express my deep appreciation to the Board ofDirectors for their expertise and guidance. On behalf of the Board I would also like toexpress my gratitude to all our stakeholders for their continued support patronage trustand confidence. I look forward to your continued trust and support in our journey ahead.

Thank you very much.

Gautam D. Shah

Chairman & Managing Director