We are on the way where Economic growth meets with Environmental Protection
I am delighted to report that the plan of action to achieve long-term aim accounted forthe strong results in the Financial Year 2017-18. The company has shifted its focus fromgeneric pesticides to bio-based fertilizer and innovative pesticides which has been asignificant driver for the year helping the company to touch the points where economicgrowth meets with environmental protection. We have seen the business strategy in directrelationship with growth which is reflected in our profitability. The fiscal year 2017-18has witnessed the rethinking process of your company towards the business and the Industryby considering various factors. In our country there are many challenges in the AgroIndustry which include increasing population and decreasing per capita availability ofarable land. Your company tried to overcome the macro-level difficulties by takingmicro-level decisions. It resulted in introducing the products in the Bio - Division. Inthe coming years the company has planned to launch 4-5 high demand - high marginbio-based and innovative pesticides because sustainable development plays a significantrole in the overall progress. Your company is expecting high growth in the revenue andprofitability for the Current Year due to the favourable monsoon forecast. Your companybelieves in the longterm strategy to achieve better market performance. There is anenormous growth opportunity for Agrochemicals Industry in India. As per India Brand EquityFoundation report Indian Agrochemicals market is expected to grow to the US$ 6.3 billionby 2020. It gives a positive indicator to the entire agro-based chemical industry. We havea presence in more than eight states with 2100+ distributors from North West and CentralZones. Recently your company has started its operation in Uttar Pradesh by setting up adistribution branch. Uttar Pradesh being one of the largest agricultural states will bea significant growth factor for the company. In the financial year 2017-18 your companygenerated 76% of the total revenue from Gujrat whereas other states contributed remainingrevenue. Your company made approximately 8% of the total revenue from Maharashtra. Thestate government has kept incentives provision amounting to100 crore for organic farming.In the year under consideration your company has shown reasonably good performance.Revenue from operation decreased from Rs. 7498.21 lakhs in FY 2016-17 to Rs. 6829.48lakhs in FY 2017-18 due to change in the business strategy that resulted in an incrementof the EBITDA and PAT by 54.06 % and 78.34% respectively. In spite of various headwindsand impact of GST implementation your company has taken corrective steps in the rightdirection to change the scenario. I am positive that such strategic decisions will lead usto a better tomorrow. I would like to express my sincere gratitude to all our shareholdersfor showing interest and unshakable confidence in our business.
Super Crop Safe Limited