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Bhansali Engineering Polymers Ltd.

BSE: 500052 Sector: Industrials
NSE: BEPL ISIN Code: INE922A01025
BSE 00:00 | 24 Apr 2020 Bhansali Engineering Polymers Ltd
NSE 05:30 | 01 Jan 1970 Bhansali Engineering Polymers Ltd

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OPEN 37.35
PREVIOUS CLOSE 37.95
VOLUME 55835
52-Week high 86.30
52-Week low 25.30
P/E 9.89
Mkt Cap.(Rs cr) 614
Buy Price 36.85
Buy Qty 200.00
Sell Price 38.50
Sell Qty 100.00
OPEN 37.35
CLOSE 37.95
VOLUME 55835
52-Week high 86.30
52-Week low 25.30
P/E 9.89
Mkt Cap.(Rs cr) 614
Buy Price 36.85
Buy Qty 200.00
Sell Price 38.50
Sell Qty 100.00

Bhansali Engineering Polymers Ltd. (BEPL) - Chairman Speech


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Company chairman speech

Dear Shareholders

I feel very happy in presenting the Annual Report of the Company for Fiscal 2019.

During FY 19 Operational Revenue (net) stood at Rs 122478 lakh EBIDTA at Rs 8592lakh and PBT at Rs 7737 lakh. After accounting for tax of Rs 3084 lakh the profit fromcontinuing operations was Rs 4653 lakh whereas the total comprehensive income was Rs4677 lakh.

The magnificent performance achieved during fiscal 2018 could not be sustained lastyear as it was severely affected due to unfortunate incident of fire breakout at the HRGplant at Satnoor (MP). The other reasons affecting the financial performance of theCompany have been elaborated in the text of the Directors Report. However under thestrong and dynamic leadership of our Managing Director Mr. B. M. Bhansali your Companycould not only manage to earn reasonable profits in fiscal 2019 despite such adversecircumstance but in the ensuing year it will considerably improve its performance.

The overall economic scenario in the country has been quite encouraging and with aconsistent 7% or higher growth in the GDP on an annual basis we all have reason to feelinspired. We are today world’s sixth largest economy with a GDP of US $ 2.6 Trillion.We are likely to overtake France the 5th in line shortly. It is estimated that the GDP ofIndia will attain a level of US $5 Trillion by 2025 and when that happens we will be thethird largest global economy. It will have a positive impact on your Company’sfortunes.

While concluding I would like to place on record our deep appreciation for the effortsput in by the Management team under the commendable leadership of the Managing Director.Besides I extend my rich compliments to my colleagues on the Board who have been guidingthe management in formulating broad policies to govern the affairs of the Company as alsothe directions in which the Company should move.

With Best Wishes

M. C. Gupta

Chairman


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