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Sejal Glass Ltd.

BSE: 532993 | NSE: SEJAL | Series: NA | ISIN: INE955I01044 | SECTOR: Glass & Glass Products

BSE Live

Jan 18, 16:00
41.40 1.95 (4.94%)
Volume
No Data Available
1
  • Prev. Close

    39.45

  • Open Price

    41.40

  • Bid Price (Qty.)

    41.40 (352910)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 22, 15:31
5.00 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    5.00

  • Open Price

    5.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Sejal Glass is not traded on NSE in the last 30 days

Annual Report

For Year :
2015 2014 2011 2009 2008

Chairman's Speech

Chairman`s Foreword This quote is reminiscent of the journey of Sejal Glass as we started out close to a decade ago with processing insulating glass and moved on to include process for toughened glass. Today, the company has added laminated glass as well as an entire range of value added glass for exterior and interior applications, including decorative glass to its offerings. I believe that our company is one that believes in making things happen and more than that, one that works towards making it happen. This is reflected in the milestone events since its inception where excellence has been the benchmark. Resultantly, the financial year 2007-08 was no different. Our Sales grew to Rs.547 million, an increase of 43% YoY. This was primarily on account of change in the product mix and better glass solutions provided to our esteemed clients. The Operating profit stood at Rs 124 million, translating into a growth of 83 %. The Net Profit at Rs 46 million registered a 68% growth due to good performance at the operating level. Another factor leading to this growth has been the robust macroeconomic parameters with increasing demand from real estate and the construction space led by the economic boom witnessed in the last few years. Owing to its superior aesthetic qualities, safety and lighter weight, glass has become a preferred choice in Architectural designs. The easy availability of raw materials in the country also adds to the conducive atmosphere for the growth and development of this industry. With the opportunity in place, the Glass Industry in India too has transformed from the mouth blown and hand working process based one into a fully automated sector. At Sejal too, we have made a conscious effort to be hands-on with the changes in customer demand and preferences besides the technological advancements in the industry. The financial year 2007-08 marked an important phase for the company as it continued fortifying the strong foundation for its future growth prospects. Our company has embarked on a mega-project to manufacture float glass, the estimated cost of which is Rs. 478 crores of which the debt component comprises Rs.318 crores and the resultant questions on the associated risks are bound to arise. However, here, my fellow stakeholders, I must confess that, to my mind, this risk is minimal compared to our early days when we raised loans to leverage our growth. Today, our company has a strong standing in the market, branded products, a confirmed order book- position from our esteemed clientele, a fast growing presence in overseas markets and the trust and backing of banks and financial institutions. We thus believe that the risk-reward ratio in this transaction will be favorable for the company. It pleases me here, to inform you that the progress on Float Glass project, which we believe will be our major growth driver going forward, is on track. The civil construction work is 75% complete and machinery has been sourced. Having carved a niche for ourselves in the Architectural Design Glass segment, this project is a backward integration initiative that will enable us to control costs and enhance the quality of our value added products. Against the backdrop of an increasingly competitive scenario, the commercial production of this unit will stand us in good stead and the same is expected to commence in March 2009. I believe that the companys strong foundation in the form of technology tie-ups, recruitment and training of skilled man power, sourcing of machinery from leading industry players and devising aggressive marketing strategies will go a long way towards ensuring the success of this project. In June 2008, we forayed into the Capital markets with an Initial Public Offer to raise funds for the Float Glass Division which was met with a good response and I take this opportunity to thank each and every applicant who reposed their faith in our company. I would also like to thank our customers, employees, bankers, vendor partners and investors for their support. I conclude with the hope that this support will continue to remain with us during the course of our onward march towards yet another important destination on the route to further successes. Amrut S. Gada Chairman & Managing Director