madhur industries ltd share price Management discussions

1. OVERALL REVIEW ON INDUSTRY STRUCTURE & DEVELOPMENTS:

Madhur Industries Limited is a leading manufacturing Company in food products. Madhur is a well-known name in the Indian food industry since 1975. It has achieved great reputation in the market because of the unique taste of its products, which it has maintained since it came into business.

• INFRASTRUCTURE:

The company owns a well-equipped laboratory where all the products are examined in detail. The laboratory has modern equipments like Gas-chromatography, HPLC, Spectrophotometer and it is also equipped for conducting microbiological test & other routine tests. As a result of which, Madhur is able to meet all National and International Standards like ASTA, EEC, BIS, PFA, CODEX or whatever an individual buyers requirements may be. Madhur is an ISO 9001-2000 and HACCP certified company.

• RESEARCH & DEVELOPMENTS:

At Madhur, throughout the process of production, strict quality measures are put to use so that every product has that unique touch of Madhur and its unique taste. Food technologists at Madhur Laboratory work round the clock to achieve and maintain that unique taste and flavour of each of Madhurs products. Madhur has always followed strict quality measures and thats the reason all of its products meet international standards.

Moreover, the updated technology and hi-tech machinery used at Madhurs plant supports the promise for quality products. The overall performance during the financial year 2018-19 has been satisfactory.

2. OPPORTUNITY & THREATS:

Competition in the industry can be treated as a threat to the company. The Company needs to lower the cost of manufacturing to cope up with the increasing competition and to earn optimum profit and growth of the Company.

3. SEGMENT WISE OR PRODUCT-WISE PERFORMANCE:

On the basis of the principles for determination of segments given in Indian Accounting Standard 108 "Operating Segments" and in the opinion of management, the Company is primarily engaged in the business of manufacturing of FOOD PRODUCTS. Accordingly segment wise disclosure of performance is not applicable to the Company.

4. BUSINESS OUTLOOK:

With the commitment to meet all customer demands and drive to spread the aroma of Indian food all over the world, Madhur has achieved a status and reputation up by several levels giving competitors tough times in reaching equal heights. The constant efforts of the Company and Research and Developments will lead the Company to the higher level.

5. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

Considering the size of the company, your company has adequate system of internal control to provide reasonable assurance that assets are safeguarded and protected from unauthorized use or deposition.

6. FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE:

Total turnover for the year ended 31^st March, 2023 was NIL. The performance of the Company has been affected due to COVID-19 impact on Company.

7. HUMAN RESOURCE DEVELOPMENT:

Your Company treats its "Human Resources" as one of its most significant assets. The Company continues its focus on retention through employee engagement initiatives and provides a holistic environment where employees get opportunities to realize their potential. A number of programs that provide focused people attention are currently underway.

Your Company thrust is on the promotion of talent internally through job rotation and job enlargement. The Companys Health and Safety Policy commits to provide a healthy and safe work environment to all employees.

8. DETAILS OF SIGNIFICANT CHANGES (I.E. CHANGE OF 25% OR MORE AS

COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR) IN KEY FINANCIAL RATIOS, ALONG WITH DETAILED EXPLANATIONS THEREFOR, INCLUDING:

Ratio	2022-23	2021-22
Debtors Turnover	0.00	10.39
Inventory Turnover	0.00	0.10
Interest Coverage Ratio	0.00	0.0
Current Ratio	0.00	4.35
Debt Equity Ratio	0.00	0.00
Operating Profit Margin (%)	0.00	-0.47%
Net Profit Margin (%)	0.00	-0.95%

Details of any change in return on net worth as compared to the immediately previous financial year along with a detailed explanation thereof: not applicable.

9. BUSINESS ENVIRONMENT:

The Company is working under good business environment which is the utmost important for the effectiveness as well as efficiency of the personnel of the Company.

10. CAUTIONARY STATEMENT:

Statements in this report on management Discussion and analysis may be forward looking statements within the meaning of applicable security laws or regulations. These statements are based on certain assumptions and expectations of future events. Actual results could however, differ materially from those expressed or implied.

Important factors that could make a different to the Companys operations include global and domestic demand supply conditions, finished goods prices, raw material cost and availability and changes in government regulation and tax structure, economic development within India and the countries with which the company has business contacts and other factors such as litigation and industrial relations.

The Company assumes no responsibilities in respect of forward looking statements which may be amended or modified in future on the basis of subsequent developments, information of event.

BY ORDER OF THE BOARD OF DIRECTORS
FOR MADHUR INDUSTRIES LIMITED
SD/-
VINIT PARIKH
MANAGING DIRECTOR	DATE: 05TH SEPTEMBER, 2023
(DIN: 00494521)	PLACE: AHMEDABAD