Atul Ltd 2018-19

1.2 Technology absorption 1.2.1 Research and Development Ŀȴ ¬ƎĚČĿǛČ îƑĚîƙ ĿŠ ǅĺĿČĺ ¤ĚƙĚîƑČĺ îŠē 'ĚǄĚŕūƎŞĚŠƥ ȳ¤ʁ'ȴ ǅîƙ ČîƑƑĿĚē ūƭƥ ċǋ ƥĺĚ ūŞƎîŠǋȠ ¹ĺĚ ūŞƎîŠǋ ljūČƭƙĚē Ŀƥƙ ¤ʁ' ĚljljūƑƥƙ ūŠ ƎƑūČĚƙƙ ĿŞƎƑūǄĚŞĚŠƥ ūlj Ŀƥƙ ĚǊĿƙƥĿŠij ƎƑūēƭČƥƙȡ ƑĚČūǄĚƑǋ ūlj ƎƑūēƭČƥƙ ljƑūŞ pollutants and process development of new products and formulations. The R&D departments also helped in troubleshooting in manufacturing departments. ĿĿȴ ĚŠĚǛƥƙ ēĚƑĿǄĚē ljƑūŞ ¤ʁ'Ƞ The Company increased yield of 15 products, decreased consumption of raw materials in 14 products, decreased consumption charge of 10 solvents, recovered 12 products from pollutants and introduced 23 new products and formulations. iii) Future plan: The Company is investing further in people and equipment so as to strengthen its R&D and thereby enhance its capability. ĿǄȴ ¤ʁ' ĚǊƎĚŠēĿƥƭƑĚȠ ( ` cr) Capital Recurring Total Total R&D expenditure as a percentage of total sales 5.22 22.94 28.16 0.73% 1.2.2 Technology absorption, adaptation and innovation i) Efforts in brief, made towards technology absorption, adaptation and innovation: ¹ĺĚ ūŞƎîŠǋ ƭƎijƑîēĚē ŞîŠǋ ūlj Ŀƥƙ ƎƑūČĚƙƙĚƙ îŠē ūƎĚƑîƥĿūŠƙ ċǋ ĿŞċĿċĿŠij ŠĚǅ ƥĚČĺŠūŕūijǋȡ ƭƙĿŠij ŞūƑĚ ĚljǛČĿĚŠƥ equipment and incorporating automation. ĿĿȴ ĚŠĚǛƥƙ ēĚƑĿǄĚē îƙ î ƑĚƙƭŕƥ ūlj ƥĺĚ îċūǄĚ ĚljljūƑƥƙȡ ljūƑ ĚǊîŞƎŕĚȡ ƎƑūēƭČƥ ĿŞƎƑūǄĚŞĚŠƥȡ Čūƙƥ ƑĚēƭČƥĿūŠȡ ƎƑūēƭČƥ development and import substitution: The above efforts have resulted in improvement in quality, increase in yields, increase in throughput and decrease in manpower. ĿĿĿȴ ¹ĚČĺŠūŕūijǋȡ Ŀlj îŠǋȡ ĿŞƎūƑƥĚē ēƭƑĿŠij ƥĺĚ ŕîƙƥ ƥĺƑĚĚ ǋĚîƑƙ ƑĚČŒūŠĚē ljƑūŞ ƥĺĚ ċĚijĿŠŠĿŠij ūlj ƥĺĚ ǛŠîŠČĿîŕ ǋĚîƑȠ The Company did not import any technology. 1.3 Foreign exchange earnings and outgo ǧȦǩȦǧ /ǊƎūƑƥ ƙîŕĚƙȠ îČƥĿǄĿƥĿĚƙȡ ēĚǄĚŕūƎŞĚŠƥ ĿŠĿƥĿîƥĿǄĚƙ îŠē ljƭƥƭƑĚ ƎŕîŠƙ The Company sold its products in 92 countries, directly and through its subsidiary companies in the USA, the UK, the UAE, China and Brazil. Sales outside India* increased by 27% from ` 1,478 cr to ` 1,874 cr mainly due to higher prices as compared to the previous year. The Company is taking further steps to strengthen its international marketing network. *Free On Board (FOB) value ǧȦǩȦǨ ¹ūƥîŕ ljūƑĚĿijŠ ĚǊČĺîŠijĚ ĚîƑŠĿŠijƙ îŠē ūƭƥijū ( ` cr ) Particulars 2018-19 2017-18 Earnings /ǊƎūƑƥƙ ȶ G~ ǄîŕƭĚ 1,874.27 1,477.69 Dividends, etc 0.19 6.25 Outgo Loan repayment - 69.16 Payment for raw materials, books and periodicals, dividend, etc 764.78 602.50 Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250 30 Atul Ltd | Annual Report 2018-19