Dear Shareholders,
Greeting of the Day!
At the outset, I on the behalf of entire Godha Cabcon Family take this opportunity to
thank all of you sparing your valuable time for this occasion. Further, it gives me
pleasure to present the 2nd Annual Report of Godha Cabcon & Insulation Ltd.
In the last year 2017-18 company has so many prestigious events done, wherein our
company converted into limited company from private limited company and here I want to
express my feelings that till 2016 your company was carrying out the operation as a sole
proprietorship and then after in 2017 taken over by a Private Limited Company and later
also got it listed also on NSE Emerge platform on 11th May, 2018.
The listing has been very encouraging and we got good response to our IPO and it was
oversubscribed by around 1.61 times so there is a drastically growth. We once again thank
all the subscribers and shareholders for this overwhelming success.
At this point in time, I have the pleasure and privilege to share with you the
highlights of the year's performance and Outlook for the next Year as mentioned below:
Our total revenue for the year 2017-18 was Rs. 4304.69 Lacs and profit before tax was
Rs. 142.18 Lacs, which represents the remarkable growth in terms of revenue and profit
both.
These growths have been achieved mainly due to impressive growth in turnover, better
cost control.
As it's the first year for our business in the capacity of Public Limited Company, and
the company has acquired the proprietorship from July 2017,hence we can say that the
numbers are satisfactory for the three quarters and at the same time it gives bigger
responsibility to perform equally good in the forthcoming financial years also. And we
wish to ensure you that the team Godha Cabcon is ready to undertake the challenge and we
expect to produce similarly impressive results in the coming years also.
Finally I am thankful to all our Stakeholders, our Bankers, our Investors, our Vendors
and most importantly our customers for their trust and faith. I must acknowledge huge
contribution from entire team of Godha Cabcon &. Insulation Ltd. who
push its boundaries, rise above challenges and leave no stone unturned to achieve consumer
satisfaction.
With Warm Regards,
Dipesh Godha
CHAIRMAN CUM CEO