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Sejal Glass Ltd.

BSE: 532993 | NSE: SEJAL | Series: NA | ISIN: INE955I01036 | SECTOR: Glass & Glass Products

BSE Live

May 06, 16:00
3.87 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    3.87

  • Open Price

    3.87

  • Bid Price (Qty.)

    3.60 (80)

  • Offer Price (Qty.)

    3.87 (20)

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

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 Overview: During the Financial year 2014-15 and the beginning of FY 2015-16 the Indian Industrial and market climate were subdued. Market sentiments, by and large was depressed affecting demand for various products. Infrastructure sector which gives major impetus to the economy has witnessed no major project initiative. Inventories were piled up in the Realty segments awaiting Policy changes from the new Government formed both at the center and few other states. As we cater mainly to the Infrastructure and Realty segments, the slowdown in these sectors has impacted the business of the company severely. Added to this, change in our marketing policy of supplying against secured payments has also affected the sales of the company. As against the earlier practice of giving clean credit to our customers, we are now insisting Letter of credit or PDCs to secure supplies. As a result we have to loose several orders and at the same time we have secured ourselves against the credit risk of defaults by our customers. Dips in the sales coupled with loss at the net levels have resulted in tight liquidity position which as a vicious circle in turn has affected the business further. Your Company''s strong de-risking strategy pursued over the last one decade, has enabled your company to withstand the onslaught of several external factors and remain fundamentally strong with a strong foundation for improved earnings in the coming years. Notwithstanding sluggish economic conditions, your company continued to pursue process improvement across at all levels of the organisation. This will not only improve operational efficiency but also enable us to gear up for the future competition. The initiatives taken up includes, optimization of raw material usage, internal and external wastage reduction, Energy Audit, minimum inventory levels, rationalization of headcount etc., The impact of these initiatives, even though remained subdued in the past year, should start translating into improved operational performance from the current financial year onwards. With expected near normal monsoon and Government Investments in infrastructure, it is believed that 2015-16 can provide necessary impetus to the economy. The international community has started seeing India as a promising destination for business. If backed by policy reforms and ''ease of doing business'' initiatives, this interest can turn into a major opportunity for industrial development. Spurt in e-commerce platforms and steps like Digital India, ''Smart Cities etc., is expected to bring economy in to growth trajectory. Your company will immensely benefit from Smart city as well as from the Solar power generation projects initiative of the Government. Requirement of processed Glass in these projects would be significant. Being a leading company in glass processing industry, we envisage significant business potential in the ensuing years. The brand ''Sejal Glass the Sixth element'' is the core asset of your Company. Continued investment in ''brand building'' has enabled your Company to maintain or improve market share in most of the product categories across all geographies. ''Sejal Glass the sixth element'' continues to be recognized as the ''Super Brand'' in the Processed Glass segment. We are upbeat that with the Brand image, Product superiority, loyal Customer network, long standing relationship with established suppliers, improved operational efficiencies, efficient Human resources and trust reposed by stakeholders, Investors, Lenders and Governmental authorities will enable us to reposition and take the business of the company to the great heights in the current and following financial years. Towards this we would like to thank you in advance and solicit your continued appreciation and support. Amrut S. Gada Chairman & Managing Director