Today's Top Gainer
Note:Top Gainer - Nifty 50 More
a) Economy and Developments
Cement sector can certainly look forward to revival of growth in its consumption which has been languishing for the last 3-4 years at very low levels.
Indian cement industry, which is second only to China, has over 340 million tonnes of capacity but the capacity utilisation of the major cement manufacturers of the building material has been far from encouraging.
b) Opportunities, Threats, Risks, Concerns and Outlook
The Government has chosen to focus on the housing and infrastructure sectors as a means to kick-start economy. The Indian cement sector is expected to witness positive growth in coming years, with demand set to increase at a CAGR of more than 8 % in 2015-16, according to data available. The report further observed, after analysing the regional trend of cement consumption, that the Southern region is creating maximum demand, which is expected to increase in future. The cement industry in India is globally competitive as the industry continues to witness positive trends such as cost control, continuous technology up gradation and increased construction activities. Indias cement industry needs to nearly double its manufacturing capacity by 2025, according to reports.
c) Segment wise or Product Performance
The Company has only one business segment and that is manufacturing and sale of cement .Given below are the Product wise production figures for the financial year 2013-14.
|Grades of Cement||Quantity in M.T|
|OPC-43 grade and 53 grade||508572|
d) Internal Control System and their adequacy
The Company has got an adequate system of internal control in place commensurate with the size of its operation and is properly designed to protect and safeguard the assets of the company. There is a proper system for recording all transactions which ensures that every transaction is properly authorized and executed according to norms.
The company has also appointed M/s M. Bhaskara Rao & Co., Chartered Accountants as Internal Auditors to conduct the Systems and Compliance Audit of the Company.
e) Financial Performance in comparison to Operational Performance
The Company has produced a quantity of 801105 MT cement during the current financial year as compared to the previous year production of 837993 MT of cement a decrease of 4.4 %. The quantity of cement sold during the year under review stands at 801020 MT compared to 840782 MT during the previous financial year showing a decrease of 4.7%.
The gross sales for cement in terms of value during the year under review were at Rs.30480.98 (lakhs in as against Rs.32040.35 (lakhs in during the previous financial year, a decrease of 5%.
f) Material Development in Human Resources/Industrial Relations front, including number of people employed
The Industrial relation during the current year has been cordial and contributed to mutual development. Various Seminars, counselling sessions, training etc, were conducted to improve the quality of manpower available thereby increasing the productivity and efficiency of the personnel employed in the company.
The number of personnel employed in the company is Regular-306 and Contract-252.