Resins and Plastic Limited has announced its annual report for the financial year ended March 31, 2022. Despite the Covid-19 outbreak, the company outperformed in terms of sales and revenue. The total sales of the company increased by 47%. For FY22, the total income of the company was Rs. 215 crore, as against Rs. 149 crore in the previous financial year. However, due to the surge in the cost of raw materials, the total expenses of the company also increased 50%, to Rs. 199 crore, compared to Rs. 133 crore for the financial year 2021. In FY22, the PBT of the company remained almost the same compared to the previous financial year which stood at Rs. 15 crore. The PAT of the company was Rs. 11 crore, which is almost the same compared to the previous financial year. The net profit of the company was Rs. 11 crore for the financial year FY22. EPS basic and diluted of the company for F22 was Rs. 28. For the financial year ended March 31, 2022, the NPM of the company stood at 5.11%. The non-current liabilities of the company were Rs. 1 crore, while the current liabilities stood at 109 crore. The non-current assets of the company was Rs. 14 crore and the current assets was Rs. 109 crore. The net cash flow generated from operating activities was Rs. 2 crore while EBITDA was Rs. 16 crore. That means only 12% of EBITDA is getting converted into cash which is very low. This should be above 70% for efficient companies. The cash and cash equivalents at the end of the year was Rs. 67 lakhs. The directors of the company recommended the dividend of 6.00/- per equity share for the financial year ended March 31, 2022. The Synthetic Resins manufactured by the company primarily caters to the Industrial Coatings, Printing Inks, Adhesives and Construction Chemical Industry. Talking about the Company’s customer base, it largely comprises small and medium scale companies and some large Corporates. During the financial year 2021-22, raw material prices witnessed high volatility throughout the year due to COVID-19 and its impact on imports. Restriction on imports from certain countries due to geopolitical reasons, short supply of some key raw materials, Increase in freight cost, Foreign exchange fluctuations, the Ukraine war followed by sky rocketing fuel prices led to 15-20% increase in raw material pricing thereby considerably diminishing market sentiments. Despite all these odds the Company was able to keep the supply pipeline at normal level. This year, the Resin and Plastic unlisted share management has placed special focus on upgradation of infrastructure in all three manufacturing units with a view to improving productivity, cost effectiveness and quality. The Taloja Plant, which completed 50 years of manufacturing in December 2021, underwent major upgrading in terms of replacement of old and low efficient equipment, office renovation, new roads, new storm water drainage system, upgradation of main and material gate, etc. The R & D center was also upgraded. Renovation of the lab, purchase of new equipment to assist new age technology and development of products occurred this year. The company is also focusing on diminishing wastages and improving efficiency. During the year Resin and Plastic manufacturing unit i.e. Ankleshwar Unit received Environmental clearance for enhancing its capacity to make larger volumes which will help to meet Customers requirements more proactively. A notable achievement during the year has been the successful Company Wide implementation of the Integration Management System (IMS). The company has now been recommended for ISO Certification.