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Signet Industries Ltd.

BSE: 512131 | NSE: SIGIND |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE529F01035 | SECTOR: Finance - Investments

BSE Live

Jan 21, 16:00
59.00 3.70 (6.69%)
Volume
AVERAGE VOLUME
5-Day
83,360
10-Day
51,419
30-Day
29,753
235,229
  • Prev. Close

    55.30

  • Open Price

    59.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jan 21, 15:55
59.05 3.70 (6.68%)
Volume
AVERAGE VOLUME
5-Day
241,644
10-Day
157,750
30-Day
94,864
967,726
  • Prev. Close

    55.35

  • Open Price

    57.70

  • Bid Price (Qty.)

    59.05 (1212)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012

Chairman's Speech

Dear Members, The name Signet symbolizes the Royal Seal. The group philosophy clearly follows the name as we believe in commitments to our shareholders, customers, suppliers, associ- ates and employees. Signet is a customer centric enterprise, driven with a vision to excel. Good Day! I am pleased to extend you all, a very warm welcome to 27thAnnual General Meeting of the Company. At the outset, I am thankful to all the shareholders of the Company for their whole hearted support and cooperation in furthering the overall growth of the Company. I am sure you all must have gone through the Annual Report of the Company for the year 2011-12. The Company''s performance for the year under review has been quite satisfactory despite aberrant weather-uncertain monsoon leading to factors that destabilize agriculture. It is heartening to note that there company''s business has significantly improved on operational performance compared to previous year and records a positive financial growth. THE ROAD AHEAD Agriculture is a major occupation of our country and it largely contributes to our GDP. Hence, it is important that our farmers use the best quality product to produce both qualitative and quantitative yield. Our farmers need technologi- cally driven piping systems connected with Sprinkler Irrigation System and micro Irrigation System to irrigate their fields. Further, they need good quality fertilizer Spray-Pump to protect their crops and need quality material handling system and unbreakable Ghamela to store and transport their produce. Last but not the least, every home needs beautifully moulded household product and furniture to enrich their daily lives. The most serious challenge of mankind in the 21stcentury will be the lack of fresh water. Population growth, pollution and climate change, all accelerating, are likely to lead to a drastic decline in water supply in the coming decades. Supplies are already problematic for up to a third of the world''s population. As agriculture alone consumes 60% of today''s fresh water, it is imperative that water saving should start from here. The answer to this challenge is Micro Irrigation. The Company offer products and services that ensure precise and optimum delivery of water and agricultural inputs to the crop. The result: Ideal utilization of water source, healthier plants, better quality and quantity of yield, and substantial cost savings. This understanding has redefined the company''s focus and the Company constantly expanding our capacity, product portfolio and market presence. With this clear vision, the company developed most of the parts in-house, required by farmers, to ensure quality and better logistics for the supply of Micro Irrigation System (MIS). The MIS includes elements like cylindrical drippers with sand guard technology, flat drippers, water filters, screen filters, sand filters, hydro cyclone filters, ventury injector, back flow controller, fertilizer tank, emitting pipes, HDPE and PVC pipes, hand operated control valves and safety valves etc. Company''s brand, Saurabh Shaktiman, is one of the largest suppliers of micro irrigation system to states of Andhra Pradesh, Madhya Pradesh, Maharashtra and Rajasthan. Its irrigation system was also approved by the Gujarat Green Revolution Company and consequently, the company commenced its supplies to farmers in Gujarat. GROWTH PLANS The Company has already set up 7 lines of drip irrigation system with a capacity to manufacture 600000 meters drip irrigation pipes per day. The company has also set up many injection moulding machines for in-house manufacturing of fittings and accessories. Considering the growing potential of MIS, the company is in process of manufacturing various out-sourced items like bends, valves, PVC agro fittings etc. This will help in horizontal and vertical integration, reduction in cost, and hence enhancement in profits. Effective steps have been initiated in this regard. ACKNOWLEDGEMENT On behalf of the board of directors, I express my sincere gratitude to our shareholders, farmers, dealers, bankers, employees, the Central and State Governments and other regulatory authorities/agencies for providing continuous support at all times and look forward to have the same in our future endeavors. I wish to express my sincere appreciation to my colleagues on the Board for their continued support. I am grateful to you all for your cooperation and trust.