Evolving
Horizons
Touching lives in more ways than one
PCBL Limited | Annual Report 2022-23
Contents
Pages: 2-79 | 146 | |
Corporate Overview | ||
Business Model | 12 | |
Chairman's Communique | 14 | |
Managing Director's Perspective | 16 | |
Financial Performance | 18 | |
Operating Context | 20 | |
Investment Case | 22 | |
Stakeholders Engagement | 24 | |
Materiality Assessment | 30 | |
Risk Management | 36 | |
Dynamic Growth Strategy | 38 | |
Business Leadership | 40 | |
R&D and Innovation | 44 | |
Digital Transformation | 46 | |
Environment | 50 | |
Capability Building (People) | 54 | |
Responsible Procurement | 58 | |
Customer Centricity & Community | 62 | |
Robust Governance Practices | 70 | |
Corporate Information | 77 | |
Awards and Recognitions | 78 | |
Pages: 80-238 | ||
Statutory Reports | ||
Notice | 80 | |
Board's report | 94 | |
Management discussion and analysis | 104 | |
Report on corporate governance | 146 | |
Business responsibility and | 179 | |
sustainability reporting | ||
Pages: 239-376 | ||
Financial Statements | ||
Standalone | 239 | |
Consolidated | 312 |
Scan
For more investor-related information, please visit https://www.pcblltd.com/investor-relation/financials/annual-reports
At PCBL, we believe in earning the right to grow through efficiency, values and integrity. We lead from the front in thought and action. We follow the highest standards of corporate governance and are very mindful of the environment
Evolving Horizons |
22 Investment Case
Corporate Identity |
Market Cap | ` 4,382 Crores as on 31 March, 2023 |
CIN | L23109WB1960PLC024602 |
BSE Code | 506590 |
NSE Symbol | PCBL |
Dividend Declared | ` 5.50/- share (on face value |
(Interim) | of Re. 1/- each) |
AGM Date | 11th July, 2023 |
AGM Mode | Video Conferencing/ |
Other Audio Visual means | |
Disclaimer
This document contains statements about expected future events and financials of PCBL Limited which are forward- looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions, and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as several factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Management Discussion and Analysis section of this Annual Report.
Evolving
Horizons
Change is the only constant. And change when pointed at a particular desired direction by aligning it with a vision and a purpose is called evolution. Our Annual Report for FY 2021-22 highlighted our resolve to evolve and our endeavour to grow, transform, and explore new possibilities in the world of chemicals. This report summarises the key initiatives that will fuel this journey of evolving horizons.
Businesses operate within a large global ecosystem, and various macroeconomic, social, geopolitical, environmental factors trigger, disrupt, or both, an organisation's approach, and strategy. Highly competitive market conditions and disruptive technologies are changing the face of traditional business models and revolutionising employee and consumer expectations. As a result, businesses actively seek ways to be agile and adapt to the continuous flux effectively. In this VUCA landscape (Volatility, Uncertainty, Complexity and Ambiguity), the ability to adapt and evolve is crucial for businesses that want a competitive advantage.
Annual Report 2022-23
Financial Statements Statutory Reports Corporate Overview
At PCBL, we wholeheartedly embrace the path of evolution and have deployed several enablers in alignment with it. It includes expanding capacity, strengthening global footprint, expanding product portfolio with research and innovation, digitalisation, business diversification, people leadership, and embracing ESG stewardship. This will set the stage for the next phase of our evolution in our quest to be a trusted Global player providing cutting edge solutions to our Partners and an exciting workplace to our People.
2
Our
7 Business
Themes
Driving Evolution
Business Leadership
R&D and Innovation
Digital Transformation
Building Capability
Customer Centricity
Environment, Society
and Governance
Financial Performance
3
About RP-Sanjiv
Goenka Group
With over two centuries of growing legacies, the RPSG Group has established itself as a respected conglomerate in the Indian business realm, with a significant global presence.
Our Corporate Office, the RPSG House is a
Certified Green Building by the Indian Green
Building Council (IGBC)
The RPSG Group is revered for its unwavering commitment to cutting-edge technology and efficient business practices. Today, the Group is a force to reckon with in India's corporate landscape, boasting an impressive asset base of ` 52,800 Crores and consolidated revenue of ` 34,500 Crores.
What sets the organisation apart is its continued focus on excellence, as evidenced by the Group's stellar performance across our various business sectors. With a team of over 45,000+ employees and 10,00,000+ shareholders, the RPSG Group is a shining example of what can be achieved through determination, innovation, and a commitment to success.
4
Annual Report 2022-23 | ||||||||||||||||
The RPSG Group's diverse business | ||||||||||||||||
portfolio comprises | ||||||||||||||||
Healthcare | ||||||||||||||||
IT-enabled | Media and | Plantations | Reports | |||||||||||||
services | entertainment | |||||||||||||||
Power | ||||||||||||||||
Statutory | ||||||||||||||||
FMCG | Infrastructure | |||||||||||||||
chemicals | ||||||||||||||||
Retail | Sports | Education and | ||||||||||||||
Statements | ||||||||||||||||
RPSG | Core Values | Financial | ||||||||||||||
Group's | Customer First | Execution | ||||||||||||||
Vision | ||||||||||||||||
To be a dynamic | Keep customer at the | Excellence | ||||||||||||||
core of every action | Strive to be the best in | |||||||||||||||
conglomerate | ||||||||||||||||
driven by | everything we do | |||||||||||||||
sustainable | ||||||||||||||||
growth, efficiency, | ||||||||||||||||
and innovation | ||||||||||||||||
Credibility | Agility | |||||||||||||||
Instill trust, confidence | Move ahead of | |||||||||||||||
and accountability with | time quickly | |||||||||||||||
our actions | ||||||||||||||||
Risk-Taking | Humaneness | |||||||||||||||
Dare to go beyond | Be fair, respectful, | |||||||||||||||
transparent, and | ||||||||||||||||
sensitive |
Sustainability
Be equally responsible for people, planet, profits
5
C o r p o r a t e I d e n t i t y
Robust performance across parameters
Financial
(` Crores)(` Crores)(` Crores)
5,873.89 | 774.84 | 444.09 |
Net Sales | EBItdA | Profit after tax |
(%) | (`) | |||
13 | 5.5 (@550%) | |||
EBItdA margin | Dividend per share | |||
on face value of | ||||
Re. 1/- each |
Environment
(MW)(tCO2e)(Gj)
98 | 8,68,545 | 21,48,223 | |||
Green power | Total GHG emissions | Green energy | |||
generating | (Scope 1, 2 and 3) | produced | |||
capacity | |||||
(tCO2e) | (tCO2e/MT) | ||||
2,98,233.5 | 1.94 | 2,675+ | |||
GHG offset | Carbon Black GHG | Saplings Planted | |||
during FY 2022-23 | emission intensity |
9+ years
Average experience of Directors in the company
7/11 | 1,65,000+ |
Independent Directors | Shareholders |
(two women Directors and a | |
lead Independent Director) |
Financial Statements
6 | 7 |
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Disclaimer
PCBL Ltd. published this content on 19 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 June 2023 12:54:09 UTC.