I would like to express my gratitude to our shareholders for their unwavering support,
encouragement, and faith in us.
Dear Shareholders,
It is with great pleasure and pride that I present to you the 26th Annual
Report of Madhya Bharat Agro Products Limited (MBAPL) for the year 2022-23. I am delighted
to inform you that we have successfully achieved our vision of becoming a leading quality
fertilizer company.
During the financial year 2022-23, we have made significant progress in enhancing our
production capacity, specifically in di-Ammonium Phosphate and Nitrogen and Phosphorus
(DAP/NPK Complex fertilizer), which now stands at 2,40,000 MT per annum. This expansion in
production capacity is expected to drive our growth and improve our overall margin profile
and return ratios. We are confident that we will achieve our target of reaching H 1,000
Crores ahead of our planned timeline for Fiscal Year 2024.
In the last fiscal, we achieved a turnover of H 982.05 Crore with PBT of H 176.17 grown
by 117.01% in comparison to the previous year, and our Profit After Tax (PAT) is H 124.20
Crore shown a remarkable growth of 117.82%, a testimony to our relentless growth.
Additionally, we have achieved a healthy EBITDA of H 214.98 Crore which is 21.98% of
revenue from operations.
We also initiated action for setting up another 1,000 TPD DAP/NPK Complex fertiliser
plant together with 600 TPD SSP Plant with appropriate backward integrated production
facilities.
Our prudent financial performances have also translated into healthy return on
investment for our investors and shareholders. The board has allotted Bonus Equity Shares
in the ratio of 1:1 and proposed a dividend of 5% per share, amounting to H 0.50 per
share.
We also realise our responsibility towards communities we serve. Our Corporate Social
Responsibility (CSR) initiatives focus on improving the quality of life of farmers as well
as people from economically underprivileged backgrounds and enhance community development
through targeted efforts.
Before I conclude, I would like to express my gratitude to our shareholders &
Members on the board for their unwavering support, encouragement, and faith in us. With
your continued support from Banks & co-operation from employee, along with the backing
of the government, we are confident of taking Madhya Bharat Agro Products Limited to
greater heights of success.
Warm regards,
Mahendra Kumar Ostwal
Chairman