MANUGRAPH INDIA LIMITED
Climate Impact & Sustainability Data (2019-2020, 2020-2021, 2021, 2021-04 to 2022-03)
Reporting Period: 2019-2020
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Contraction in capex of newspaper printing houses
- Increased competition
- Rising raw material costs
- High labor costs
- Lower realizations
- Losses during the year
- Economic slowdown
- High interest rates
- Delays in setting up new printing presses by customers
- Reduced demand for company products
- Impact of COVID-19 pandemic, including closure of manufacturing facilities
Mitigation Strategies
- Initiatives to reduce costs
- Planning to close operations in Unit 2 at Kadoli
- Measures to contain the COVID-19 pandemic
- Strategic plans to face the economic situation
- Employee separation plan
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2020-2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Economic slowdown and Covid-19 pandemic leading to decreased demand for company products.
Mitigation Strategies
- Company's R&D center pursuing opportunities for manufacturing other engineering products.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021
Environmental Metrics
Social Achievements
- Salary rationalisation for employees
Governance Achievements
- Appointed Ms. Madhavi Kilachand as Additional Woman Director (Non Executive & Independent)
- Designated Mr. Sanjay S. Shah as Chairman & Managing Director
- Designated Mr. Pradeep S. Shah as Vice Chairman & Managing Director
- Designated the Company Secretary as 'Company Secretary & General Manager Finance'
Climate Goals & Targets
Environmental Challenges
- Severe impact of COVID-19 pandemic on business due to national lockdown
Mitigation Strategies
- Company operations improved in the quarter ended March 31, 2021 compared to the preceding quarter. The company will continue to evaluate pandemic-related uncertainty.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021-04 to 2022-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Unprecedented crises in the printing industry due to the pandemic, directly affecting the Company's turnover and income.
- Huge sales decline due to contraction in capex of the newspaper printing houses, shutting of print media companies on account of the pandemic, and increased focus on digital media.
- Rising raw material cost and high ERE (labor cost) lead to higher running costs.
Mitigation Strategies
- Undertaken manufacturing of precision engineering components for key vendors in the heavy engineering industry to sustain the pandemic effect and digitalization.
- Diversification into machinery for the packaging industry.