you are here:

Inditrade Capital Ltd.

BSE: 532745 | NSE: | Series: NA | ISIN: INE347H01012 | SECTOR: Finance - General

BSE Live

Jul 23, 16:00
45.60 -3.05 (-6.27%)
Volume
AVERAGE VOLUME
5-Day
44,054
10-Day
48,559
30-Day
62,698
41,894
  • Prev. Close

    48.65

  • Open Price

    49.40

  • Bid Price (Qty.)

    45.50 (350)

  • Offer Price (Qty.)

    46.30 (150)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Inditrade Capital is not listed on NSE

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Chairman's Speech

Dear shareholders, Financial year 2014 has remained a lackluster year for the Indian retail investor for the most part. The economy chugged along at a dull pace recording a growth rate of 4.7%, the least in a decade. underlying weaknesses in the Indian economy came to surface this year as we witnessed economic growth on a downtrend, the current account deficit widening to 4.6% mid-year, populist, imprudent fiscal policy measures being announced, sticky double digit consumer inflation and the INR depreciating by roughly 20% against the US dollar in a short span of a month in August 2013. The RBI weighed in immediately after and successfully arrested the currency weakness but its broad monetary policy of tightening interest rates to control inflation reaped very little success by the end of the year as food prices soared and there were no signs of inflation cooling off. World economy fared significantly better this year recording a GDP growth of 3%. Policy matters around quantitative easing, possibility of tapering, EU debt refinancing and local currency depreciation, all had its impacts on flows to emerging markets including India, adding to volatility in flows in a subdued capital markets situation in India. The last quarter saw a significant positive with the ensuing general elections in India and strong expectations of a growth and execution focused government at the centre. The capital markets soared post February 2014 reflecting increasing investor confidence of a stable pro-growth government having the ability of bringing India back to its growth path. That said, while the capital markets valuations and volumes increased, most of this was owing to FII participation. The retail investor was still cautious and remained largely non- participative in the markets. Since the global credit crisis in 2008, the retail investor has continued to shy away from the capital markets and allocate household savings to inflation protected asset classes including mortgages, gold jewellery and coins, and attractive high yield debt, rather than equities and mutual funds. The retail brokerage market continued to shrink as high yield cash volumes were replaced by low yield futures and options products, and diminishing retail participation, weighing heavily on brokerage houses, forcing them to offer deep price discounts to retail clientele. These trends continued throughout the financial year, although there are some early signs of green shoots in the next financial year with a positive election outcome and the hope that economic growth gets retail investors interested in the markets; but it is still early to say when this will pan out. Your Company has during this phase strengthened itself to be ready to tap the market when the opportunity arises. Investments in technology, systems and processes have been made to enhance and standardize service offerings across our retail distribution, increase productivity and reduce fixed and variable costs of operations, reporting and compliance. A complete programme of cost rationalization was undertaken. Your Company has made timely resource allocations to other revenue opportunities like equities arbitrage opportunities to boost financial performance and reward investors. Your Company and management are actively engaged in maximizing shareholder wealth in these tough and challenging times and I appreciate the patience of every shareholder, employee, business associate and stakeholder in extending their support and contributing to our valuable franchise. With my best regards, P. Viswanathan Chairman, Inditrade Capital Ltd.