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Directors’ Report
Dear Members,
The Board of Directors (Board) presents the Annual Report of Atul Ltd together with the audited Financial Statements for the
year ended March 31, 2019.
01.
Financial results
(
`
cr
)
2018-19
2017-18
Sales
3,845
3,052
Revenue from operations
3,916
3,148
Other income
31
38
Total revenue
3,947
3,186
¡ƑūǛƥ ċĚljūƑĚ ƥîNJ
652
397
¡ƑūDŽĿƙĿūŠ ljūƑ ƥîNJ
223
127
¡ƑūǛƥ ljūƑ ƥĺĚ NjĚîƑ
429
270
Balance brought forward
1,637
1,397
Transfer from comprehensive income
-
3
Disposable surplus
2,066
1,670
Less:
Dividend paid
36
30
'ĿDŽĿēĚŠē ēĿƙƥƑĿċƭƥĿūŠ ƥîNJ ȳŠĚƥȴ
4
3
Balance carried forward
2,026
1,637
02.
Performance
Sales increased by 26% from
`
3,052 cr to
`
3,845 cr
mainly due to better price realisation. Sales in
India increased by 26% from
`
1,538 cr to
`
1,937 cr.
Sales outside India increased by 26% from
`
1,514
cr to
`
1,908 cr. The earnings per share increased
from
`
91.16 to
`
ǧǪǪȦǫǧȦ îƙĺ ǜūDž ljƑūŞ ūƎĚƑîƥĿŠij
activities before working capital changes increased
by 60% from
`
480 cr to
`
770 cr and the net cash
ǜūDž ljƑūŞ ūƎĚƑîƥĿŠij îČƥĿDŽĿƥĿĚƙ ĿŠČƑĚîƙĚē ċNj ǨǨɼ
from
`
325 cr to
`
397 cr.
Sales of Life Science Chemicals (LSC) segment
increased by 26% from
`
1,027 cr to
`
1,289 cr,
mainly because of higher sales in sub-segments
Aromatics-I, Crop Protection and Pharmaceuticals;
its EBIT increased by 81% from
`
120 cr to
`
217 cr. Sales of Performance and Other Chemicals
(POC) segment increased by 26% from
`
2,025 cr
to
`
2,556 cr mainly because of higher sales in
sub-segments Aromatics - II and Polymers; its EBIT
increased by 61% from
`
281 cr to
`
453 cr. More
details are given in the Management Discussion
and Analysis (MDA) Report.
03.
Dividend
The Board recommends payment of dividend of
`
15
per share on 2,96,61,733 equity shares of
`
10 each
ljƭŕŕNj ƎîĿēȹƭƎȦ ¹ĺĚ ēĿDŽĿēĚŠē DžĿŕŕ ĚŠƥîĿŕ îŠ ūƭƥǜūDž ūlj
`
ǫǩȦǬǪ ČƑ ȯĿŠČŕƭēĿŠij ēĿDŽĿēĚŠē ēĿƙƥƑĿċƭƥĿūŠ ƥîNJ ȳŠĚƥȴȰ
on the paid-up equity share capital of
`
29.66 cr.
04.
Conservation of energy, technology absorption,
foreign exchange earnings and outgo
Information required under Section 134 (3)(m) of
the Companies Act, 2013, (the Act) read with Rule
8(3) of the Companies (Accounts) Rules, 2014, as
amended from time to time, forms a part of this
Report which is given at page number 29.
05.
Insurance
The Company has taken adequate insurance to
cover the risks to its employees, property (land and
buildings), plant, equipment, other assets and third
parties.
06.
Risk management
The Board has constituted Risk Management
Committee effective April 01, 2019.
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