Your Company Generic Engineering Construction and Projects Limited (GENERIC)
have an objective to become a formidable player in the organized segment in construction
of residential buildings and industrial complexes. Your company is determined to endow
with strong security, advanced technology, skilled manpower and constructional perfection
at every site where we undertake our projects. We believe in providing quality,
breakthrough real estate products and services to our clients. We strive for most
efficient utilization of funds and quality construction work, with objective of value
creation for our clients. Taking an environment oriented and people guide approach we help
our clients build high quality real estate that is practical and functional. Our aim is to
create a better life for the community and country; we hope to establish a very special
relationship with all our stakeholders to achieve their respective dreams.
GENERIC is engaged in the construction of residential, industrial, commercial and
Institutional buildings with presence in Navi Mumbai and Mumbai Metropolitan Region (
MMR). Generic offers general contracting, design-build; engineering, procurement and
construction (EPC); and project management consultancy (PMC) services. Your company's
forte lies in executing projects having a ticket size between Rs. 25 crore to Rs. 100
crore. Your company has expertise in building data centres, hospitals, schools, all types
of industrial and residential buildings. The company is a pioneer in building cold
storages and hospitals. Your company has the highest market share of contracting business
in the fastest growing market of Navi Mumbai, where the company has delivered more than
300 industrial buildings. We also provide designing and engineering services for
architecture, structural, electrical, mechanical, HVAC, plumbing and sewerage, fire
protection, building management, and infrastructure works.
Mr. Ravilal Patel, the founder, started the civil contracting business in 1967 in the
name of Generic Enterprise. In 2004, the company was incorporated as Generic Engineering
and Construction Pvt. Ltd. In 2013, Your company ventured into cold storage projects with
temperature range up to -40 C. In 2015, the company executed its first Design &
Build project. In 2016, we received first order from Reliance Foundation to build
Kokilaben Dhirubhai Hospital at Navi Mumbai, which was completed in 2018. Post that, we
got back-to-back orders to build hospitals from Reliance Foundation. In 2016, Generic
Engineering Construction and Projects Ltd. (GENERIC) was listed on BSE via reverse-merger
process, by acquiring Welplace Portfolio and Financial Consultancy Services Limited.
We continue to strengthen our engineering capabilities and upgrade our skills to
execute projects with more complexities. We are working on numerous projects while meeting
the committed completion timelines thus adding significant value to our clients.
It gives me immense please to share with you all an update on the overall performance
of your company during the year 2018-19. In the backdrop of current environment, given the
continued slowdown in the real estate sector coupled with the liquidity squeeze faced by
developers and financiers, we believe the performance of your company is extremely
encouraging. Our financial performance highlights is as follows: -Our total revenue from
operations grew by around 46% during the year from Rs. 138.32 crore to 202.00 crore during
FY 2018-19. Our EBITDA has grown by 49.57% from Rs. 19.58 crore in FY2017-18 to Rs. 29.29
crore in FY2018-19. Our PAT was up by 35.87% from Rs. 11.50 crore to Rs. 15.62 crore.
Your company's Return on Capital Employed stood at 16.28% in FY2018-19
For the Financial Year 2018-19 Your Board of Directors have recommended a Final
Dividend of Rs. 0.05 per equity share on face value of Rs. 5/- per equity share subject to
members' approval.
I would take this opportunity to thank all our esteemed Customers, suppliers, Financial
Institutions and Banks, our Board of Directors and Employees for their continued support,
sincerity, guidance and hard work and look forward to the same going forward.
Best regards. MD