Our Journey

From Promoter Director's Desk

Greetings!

Our journey at Chaman Metallics this year has been filled with noteworthy milestones. We have continued to maintain our trajectory and move towards expansion in all aspects. Our theme, ' Expanding Horizons, Forged in Excellence, truly resonates with the sentiment of our relentless efforts to produce quality products. We continue to strive for excellence and maintain a reputation for prioritizing quality and innovation. We ensure that dedication and resilience remain the cornerstone of our growth story. This is why we strive to go full throttle on uplifting our services and customer expectations that help build trust and reliability.

Dear Valued Stakeholders

At Chaman Metallics, we truly believe in exploring new avenues in order to reach our full potential, which is why we have taken initiatives to expand our existing manufacturing operations and supercharge

Our growth for the coming year. We take our customer's reputations very seriously, and we ensure our products uphold the stellar standards of integrity our customers demand.

This trust is the foundation of our long-standing relationships and the reason why we remain the preferred choice for leading companies.

1. Performance Overview
Financial Growth: Total Revenue from Operations for the year was ₹18,887.39 Lakhs, with an EBIDTA of ₹2,047.88 Lakh. We are pleased to report that despite certain challenges, the Company's performance has remained steady. Our continued focus on cost control and working capital management is expected to lead to growth in both turnover and profitability.

Future Initiatives: In a bid to expand and take the company forward, the company is also exploring expansion initiatives to maximize capacity and overall production.

2. Market and Industry Trends:
India continues to be a standout performer in the global steel industry, with domestic steel demand projected to grow by a robust 8.2% in 2024. This growth significantly outpaces the global average, according to the latest Short-Range Outlook from the World Steel Association. Growth in India's construction sector is driven by government spending on infrastructure and recovery in private investment. Infrastructure investment will also support the capital goods sector. Besides, healthy growth momentum is expected to continue in the automotive sector. These, in turn, will push up steel demand in the country, world Steel said. This is also in line with the government's ambitious vision to expand steel capacity of 300 MT by 2030 and increase per capita consumption of steel to 160 kg compared to 93.4 kg currently. The growth in the Indian steel sector has also been driven by the domestic availability of raw materials such as iron ore and cost-effective labor. Consequently, the steel sector has been a major contributor to India's manufacturing output.

3. Commitment to Stakeholders:
To our stakeholders, We assure you that our team is dedicated to catapulting our journey towards success. We do so by remaining committed to transparent communication and ethical business practices. We are confident that, with the support of all stakeholders, the Company will achieve higher profits in the coming financial years. We would like to express our gratitude to our employees, whose dedication and hard work have made this year's achievements possible. To our customers and business partners, thank you for your continued trust and collaboration. And to our shareholders, we appreciate your confidence and ongoing support.

Thank you for your continued trust and support as we embark on this journey together. Sincerely,
From Promoter Directors