You are here » Home » Companies » Company Overview » Shahlon Silk Industries Ltd

Shahlon Silk Industries Ltd.

BSE: 542862 Sector: Industrials
NSE: N.A. ISIN Code: INE052001018
BSE 00:00 | 05 Mar 86.65 -1.35
(-1.53%)
OPEN

85.00

HIGH

89.45

LOW

84.55

NSE 05:30 | 01 Jan Shahlon Silk Industries Ltd
OPEN 85.00
PREVIOUS CLOSE 88.00
VOLUME 3546
52-Week high 100.00
52-Week low 29.55
P/E
Mkt Cap.(Rs cr) 155
Buy Price 86.65
Buy Qty 25.00
Sell Price 89.45
Sell Qty 302.00
OPEN 85.00
CLOSE 88.00
VOLUME 3546
52-Week high 100.00
52-Week low 29.55
P/E
Mkt Cap.(Rs cr) 155
Buy Price 86.65
Buy Qty 25.00
Sell Price 89.45
Sell Qty 302.00

Shahlon Silk Industries Ltd. (SHAHLONSILK) - Chairman Speech

Company chairman speech

Dear shareholders

The year under review was one of the landmark in Shahlon's history. The Companyconsolidated its operations by amalgamation of promoter's group company Shahlon SilkIndustries Ltd and Fairdeal Filaments Ltd. This will increase efficiencies increasemarket share and enhance product offerings. Consolidation of the Companies will impower usto provide stronger manufacturing base. Companies possess complimentary portfolios whichwill de-risk Company's business model. Companies complement each other in managing risksand financial resources which will facilitate effective management of investments andsynergies in operations.

Our company achieved sales of Rs. 53206 lakhs for the year ended March 31 2019against Rs. 52985 lakhs the year before. The profits after tax saw an impressive growth41 % rising from Rs 264 lakhs last fiscal to Rs 373 lakhs this year. Our Net worth grew toRs 8979 lakhs from Rs 8678 lakhs. Our endeavor in the value addition and consolidationof our group companies will clearly reap good results in coming years.

The Indian textile industry has long been one of the key contributors to the nation'sGDR Textiles contributes about 7% to industrial production 2% to the GDP and 15% to thecountry's total export earnings. The sector is also the second largest employment providerafter agriculture employing over 45 million people.

Despite its size and reach and being an ancient industry the Indian textile marketremains largely unorganized with very few companies having the infrastructure and networkto service clients in an organized manner. In a largely commoditized market Shahlon SilkIndustries Ltd. which has been offering its products in synthetic yarn and fabric spacehas been steadily growing as one of the few organized players. Our products cater toweaving and garmenting industry.

At Shahlon we believe satisfied clients are preceded by satisfied employees. We have aprofessional human resources team in place that makes sure goals and rewards are setappropriately keeping every individual's strengths and weaknesses in mind. Spotting theright talent harnessing it and retaining it are the key challenges that the companycontinues to manage and will do so in future. Shahlon has a vision to be one of theworld's leading integrated textile enterprise exceeding customer and stakeholderexpectations driven by research innovation and excellence.

While steadily marching towards success the company has been responsible towards acleaner and greener environment. We have been successfully running a 1.5 MLD CETP plantwith zero discharge and complete recycling of water used in its operations at KaranjLocation. Further the company has installed 4 wind turbines of 4.55 MW capacities to caterthe power requirement of in its manufacturing processes through green energy and reducecarbon footprints.

Going ahead our focus will be to emerge as the most preferred organized player for ouresteemed clientele in textile industry. It will tap the resources needed to make the nextleap in the industry. We are ready for global challenges as our product portfolio iscompetitive enough to foreign shores like Turkey Thailand Morocco Jordan and other yarnconsuming counties where we have entered in recent past years.

With the consolidation the company is far stronger now. This makes it more resilientand endows it with the capability to take up bigger challenges. Shahlon has loved spinningsuccess for its partners but we know we couldn't have done it without your continuedsupport and trust to enable us to continue our journey to the top of the value chain. Onbehalf of the board of Directors I thank all stakeholders for their support.

Chairman

.