Grauer and weil annual report 2022
Few points
1…Performance
A… Surface Finishing Segment:
=Surface Finishing Segment continues to be significant part of overall business operations of the Company.
The segment accounts for nearly 88.0% of Total Segment Revenues.
=Its product portfolio includes
a…General Metal Finishing (such as functional coatings, decorative coatings, pre-treatments, plating on plastics,
anti-corrosion treatments etc.),
b…Paints & related coatings (such as high-performance industrial coatings, marine coatings, aerospace and
defence coatings, architectural coatings etc.) and
c… Industrial lubricants (such as rust preventive oils, cutting oils, deformation oils, heat
treatment oils etc.).
=Your Company continues to maintain its leadership position in the metal finishing products despite growing intensity of competition
from domestic and international Companies.
=Strong growth was also reported in Paints coatings.
=The Industrial lubricants also grew
extremely well in revenues and strong underlying volume growth.
B… Engineering Segment:
= In spite of strong recessionary trends in capital goods industry, the segment revenue witnessed an impressive growth of +15.1% in financial year 2021-22 over corresponding previous financial year
.
C… Mall Segment:
= The second wave of COVID-19 that struct the country in the first half of financial year 2021-22 dampened a quick recovery of the Mall business. However, the recovery, thereafter, was very rapid and the Company closed with an 57.0% growth as
compared to financial year 2020-21. Footfalls, however, continued to be lower than financial year 2019-20, the last year of normal preCOVID behaviour by customers.
2…Growth
=Whilst the total revenue of surface finishings segment grew by 27.4% in the financial year 2021-22, revenues of engineering segment posted a growth of 15.1% in same period
3…Resilience
=This growth of revenues, despite
challenging business environment, is
testimony of your Company’s strong
business resilience which is an
outcome of competencies and enablers that your Company has implemented across all business segments and operations in past few years.
4…Complete surface solution
= Your Company has inherent strength to grow as it is perhaps one of the few companies which offers complete
plating/coating solutions to its
=Growel is the Only Company in India and one of the few in the world to
offer a complete package of corrosion and protection solutions under one roof.
5… Service support
=Your Company not only
provide a wide range of coating
solutions but also provides complete
application and service support.
6…Market leader
= It is only with this customer-centric and service-oriented business approach, your Company continues to maintain its leadership position in general metal finishing.
7…R and D
=Your Company strongly believes that innovation is the only insurance against irrelevance. Setting up technical centre to supplement its research and development efforts, is one such step towards this direction.
= The construction of this technical centre is expected to start in financial year 2022-23.
8…FUTURE PROSPECTS
=The Company put into play the business strategy conceived last year to regrow our share in General Metal Finishing segment, with particular
focus on Anodising, Electroless Nickel and Plating over Plastics.
=We will continue to invest and build on long term assets and strategies with planned additions in capacities in our Jammu and Dadra plants.
=The new Technical Centre plan has also come closer to fruition and we expect to start construction in financial year 2022-23. This will further augment our businesses both in General Metal Finishing and Paints Coatings
9…Capex
=Besides this, your Company is
working towards setting-up additional
capacities at Dadra and Jammu as a
part of its long-term business strategy
10…Revenue break up
=Export@17%
Surface treatment@89%
Engineering@9%
Shop@2%
11…We are the first chemical company in India to have received the coveted AS9100 aerospace certification, established by the aerospace industry, which demonstrates our ability to satisfy DOD, NASA and FAA
quality standards.
12…VISION:
To be in Top 2 in all our businesses on the strength of our people and values
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