29 May, 09:29 - Indian

SENSEX 81501.67 (0.23)

Nifty 50 24803.6 (0.21)

Nifty Bank 55475.35 (0.11)

Nifty IT 37983.55 (1.38)

Nifty Midcap 100 57272.9 (0.23)

Nifty Next 50 66987.05 (-0.01)

Nifty Pharma 21471 (0.36)

Nifty Smallcap 100 17877.05 (0.52)

29 May, 09:29 - Global

NIKKEI 225 38332.14 (1.62)

HANG SENG 23408.37 (0.65)

S&P 6006.5 (1.55)

LOGIN HERE

companylogoTranspek Industry Ltd

You are Here : Home > Markets > CompanyInformation > Company Background
BSE Code : 506687 | NSE Symbol : TRANSPEK | ISIN : INE687A01016 | Industry : Chemicals |


Chairman's Speech

United in this mission, we are poised to emerge stronger and seize the opportunities that await us.

Dear Valued Stakeholders,

I am pleased to present Transpek Industry Limited's Annual Report for FY 2023-24. Despite a challenging environment, we have demonstrated resilience, made consistent progress, and remained committed to our strategic objectives. I extend my heartfelt gratitude to all our stakeholders for your continued support and trust. Your belief in our vision is crucial as we pursue our future goals and seek to improve our performance further.

Economic Landscape

The global economy is navigating a turbulent environment marked by conflicts in Europe and the Middle East, along with supply chain disruptions like Red Sea

Crisis. For the chemical industry, these conditions demand strategic decision making to maintain stability and drive growth, particularly in the face of high logistical costs, volatility in supply and prices of raw materials, sluggish demand, escalating trade tensions, and policy uncertainties. Despite these global challenges,

India stands out as the fastest-growing major economy. The

National Statistical Office reports that India's real GDP grew by 8.2% in FY 2023-24, up from 7.0% the previous year, indicating robust economic stability. The Indian chemicals market, valued at USD 220 billion in 2023, is a particularly bright spot, with projections suggesting it could reach USD 383 billion by 2030, achieving a remarkable CAGR of 8.1%. This sector is bolstered by the allowance of 100% foreign direct investment through the automatic route, underlining its vast potential for further expansion and innovation.

Performance

We have once again demonstrated resilience and determination, achieving a revenue of 604.8 Crores, an EBITDA of 107.5 Crores, and a PAT of 38.6 Crores for the year FY 2023-24, while maintaining solid margins. The Board has recommended a dividend of 14 per share.

Given that over 85% of our revenue comes from international business, we are actively collaborating with our global customers to develop new products tailored to their specific needs. Amid various obstacles, we remain dedicated to enhancing our product portfolio and exploring new chemistry value chains, setting the stage for future growth and an expanded market presence.

Research and Innovation

Our R&D team has been pivotal in developing new products and is supported with the latest technology and cutting-edge equipment. Our R&D facility, recognised by the Department of Science & Technology, supports ongoing research for both new and existing products. This enables us to maintain a competitive edge in the production of Acid Chlorides and Alkyl Chlorides, which have diverse applications and to develop new products including other than Chlorination Chemistry.

We are also working to build predictive AI models to enable better & faster decision making especially in manufacturing, safety & quality.

Commitment to Sustainability

Our commitment to sustainability is a cornerstone of our operations and business methodology. We were honoured to have received the Bronze Badge from the ECOVADIS Sustainability platform and an Energy Conservation Award from the Ministry of Power. These accolades reflect our integrating sustainable practices into our business model. Our green belt, comprising over 30,000 trees within our 100-acre premises, stands as a living symbol of our dedication to environmental stewardship.

We have also been accredited with Responsible Care Certification for a period of three years from 2023 to 2026.

We have maintained certifications in ISO 9001:2015, ISO 14001:2015, BS OHSAS 18001:2007, and ISO 50001:2011, underscoring our commitment to effective safety and environmental practices.

Employee Safety Management

Our Process Safety Management team upholds the highest safety standards with thorough Process Hazard Analyses (PHA) for all products and processes.

We implement a well-defined Management of Change (MOC) process with comprehensive reviews and pre-implementation studies. Regular audits ensure compliance, with prompt corrective and preventive actions as needed. Our management is fully dedicated to upholding these stringent safety practices and enhancing employee wellbeing.

Future Outlook

Looking ahead, we anticipate a modest revival in demand in the latter half of FY 2024-25. Our focus on geographic expansion, diversifying our product range with additions like Acid Chlorides and a strong commitment to sustainability will position us to capitalise on emerging opportunities. We are confident that our focus on long-term value creation will lead us toward a future of sustainable growth.

Gratitude

I deeply appreciate the resilience and commitment of our dedicated employees. To our valued customers and partners, I am grateful for your ongoing trust and collaboration. To our shareholders, your steadfast support is essential as we move forward. At Transpek, ‘Empowering Growth through Sustainability' is more than just a motto—it is my personal commitment to building a better future. United in this mission, we are poised to emerge stronger and seize the opportunities that await us. Thank you all for your undying faith in the Company and our collective vision.

Bimal Mehta

Managing Director

Transpek Industry Limited

   

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +