Dear Fellow Shareowners,
On behalf of the BRPL's Board of Directors, it is my privilege and honor to welcome you
all to the 11th Annual General Meeting of Bansal Roofing Products Limited. Thank you for
your valuable presence here today, and for your continued support and goodwill that is so
critical to the success of our company. It is with great pride and pleasure that I report
to you at the end of a successful Financial Year.
In terms of economic performance, in the year under consideration, India stood strong
amongst its global peers and continues to have a significant growth promise in the future.
During the year under review, The Company and the industry faced many ups and downs in the
market due to several structural reforms implemented in the country.
Globally too the Steel Industry continues to witness challenging times. Prices of steel
and specially Colour coated steel products witnessed upward trend every month throughout
the year due to the rise in prices of Coal/Fuel and Zinc prices as these have strong
impact on the cost of manufacturing of steel.
As planned sales of Pre Engineered Building segment has improved, due to consistent
price rise of steel it was a challenge for us to maintain profitability as the completion
cycle (after receipt of order) of PEB is 3 to 4 month. Thanks to the alertness of our
Marketing, Accounting, PPC team we could complete the projects at reasonable margins
without incurring any loss. In coming years the management of your company will put in
more efforts to increase the revenue through PEB segment. Hence continuous improvement in
manufacturing facility of PEB will be focused.
I am delighted to report that during this financial year the revenue of the Company
increased by 35.88% and PAT increased by 88.71% vis--vis previous financial year. The
EBIDTA margin has also increased by 64.38% as compared to previous financial year. It will
be constant endeavor of the Company to improve the performance every year and provide
better returns to the shareholders investments and create a strong Balance sheet that can
fund aspirational growth for the Company.
I would like to thank every shareholder of the company for reposing confidence in
"BRPL" and overwhelmingly supporting the Rights Issue of the Company.
The directors recommend a dividend of Re. 1/- per share for the year ending March 31,
2019 subject to approval by the shareholders at AGM.
Before I conclude, I would like to thank the shareholders, Customers and Vendors for
their consistent and resolute support. I thank all my colleagues on the Board for their
unanimous support and encouragement.
Last but not the least, I would be thankful to employees and management team of
"BRPL" for their hard work during the year. I look forward to your perpetual and
priceless support in taking the Company to greater heights and new horizons in the future.
Yours Sincerely,
Kaushalkuamr S. Gupta
Chairman & Managing Director