You are here » Home » Companies » Company Overview » Simbhaoli Sugars Ltd

Simbhaoli Sugars Ltd.

BSE: 539742 Sector: Agri and agri inputs
NSE: SIMBHALS ISIN Code: INE748T01016
BSE 00:00 | 12 Aug 19.40 0.45
(2.37%)
OPEN

18.95

HIGH

20.45

LOW

18.95

NSE 00:00 | 12 Aug 19.10 0.25
(1.33%)
OPEN

18.85

HIGH

20.50

LOW

18.85

OPEN 18.95
PREVIOUS CLOSE 18.95
VOLUME 11043
52-Week high 41.30
52-Week low 17.25
P/E
Mkt Cap.(Rs cr) 80
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 18.95
CLOSE 18.95
VOLUME 11043
52-Week high 41.30
52-Week low 17.25
P/E
Mkt Cap.(Rs cr) 80
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Simbhaoli Sugars Ltd. (SIMBHALS) - Chairman Speech

Company chairman speech

Dear Shareholders

During the season 2020-21 your Company continue to face the challenges of Covid-19pandemic and kept the emphasis on efficientoperations in spite of the restrictedconditions with the adoption of enhanced safety security and others measures as requiredunder the health advisories. All the three Sugar units have performed better in comparisonto previous year. The growth in ethanol Segment in all three distilleries as well hasshown an enhanced working capacity to boost production with improved revenue of thefinancial year.

The ongoing pandemic is expected to put pressure on the sugar consumption patterns asthere are curbs on social gatherings and outings across the globe. The industry has alsobeen facing reduced off-take from institutional buyers viz. beverages and FMCG companiesamid the lockdown. This has even led to fall in domestic & international sugar pricesrecently. The spread of pandemic worldwide had caused disruption of supply chain in mostof the businesses and industries in India. In spite of that your Company has been able toimprove its revenue throughout the year with better EBIDTA margins. Although situationworldwide is not in favour still we expect that we will gradually and steadily pick upthe momentum again.

The domestic sugar industry has been eagerly looking forward for a hike in MinimumSupport Price(MSP) as sugar prices remain range-bound with sugarcane Fair and RemunerativePrice (FRP) seeing a substantial increase as compared to season 2017-18 with 2020-21.While the industry awaits a hike in MSP the government has cut down the export subsidy tosome extent. Apart from sugar exports in order to boost ethanol production in theCountry the government has taken measures through diversion of sugarcane and surplussugar towards manufacturing of ethanol and encourage the use in the vehicles made offlex-engines. Switching to locally-produced ethanol will help India lower crude oil importand it will be less polluting and cost-saving. Further the government is also consideringthe provisions for subsidized finance to distillery units for capacity expansion baseddistilleries to dual feed stock. Your Company is also hopeful to extend our capacitiesfurther as well.

In our initiative to enhance online sales and provide easy and early availability ofits products to the doorstep of the customers the Company has been providing e-commercefunctionality on a wide range of its products through its direct-to-consumer e-commercewebsite for its FMCG offerings. Recently a wide range of the products of the Company gotaccredition with the Trade Mark Registry i.e Trust the Healthier Sugar; Classic SulphurLess Sugar; SIPP for Non-alcoholic Beverages and Trust Neem Multi surface Disinfectant. Onalcohol side the Company has successfully launched sanitizer range last year and hasalso focused on launching new regional products boosting the marketing and distributionof various new brands and also expanding our reach to South and West India. Furtherduring the year your Company has also launched four new whisky brands with the name andstyle Seven Knights Premium and Economy Range Whisky Brown Eagle Golden Whisky &Royal Pack Whisky.

We appreciate the dedicated efforts of our team of employees and workers who workedthroughout the season to maintain the production and improve the recoveries. As continuingfrom past this year also we have done active outreach to build our long term goodwillwith our farmers and recognized their efforts. We also wish to thank to the farmers allthe lenders associated vendors as well as the shareholders investors stateadministration and many other stakeholders for their continued support and favour duringunprecedented situation. With your support we are determined to take the Company towardsgreater heights and leadership in the industry. I wish you all and your families a veryhealthy and safe period ahead.

Take care be safe. Gurmit Singh Mann
Date : August 27 2021 Chairperson
Place : Dharamsala (DIN - 00066653)

.