HIKAL LIMITED CREATING VALUE THROUGH
SUSTAINABILITY
ANNUAL REPORT 2022-23
TABLE OF CONTENTS
Message from the Chairman | 4 |
Corporate Overview
At a Glance | 10 |
Where We Operate | 12 |
What We Do | 14 |
Research & Technology | 18 |
Performance Highlights | 20 |
Awards and Recognition | 21 |
Introducing our Capitals | 22 |
How We Create Value | 24 |
Management Discussion
and Analysis
Economic Review | 27 |
Industry and Business Review | 29 |
Financial Review | 46 |
Strategic Review | 48 |
Risk Management | Human Resources | 54 |
Internal Controls and their Adequacy | | 55 |
Organisational Threats |
Guided by our vision, we have made substantial progress on the Environment, Social, and Governance (ESG) front by establishing a sustainability roadmap. This not only bolsters our standing but also positions us as a more robust and enduring organisation committed to sustainability.
Jai Hiremath
Executive Chairman
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ESG at Hikal
Stakeholder Universe of Hikal | 58 |
Materiality Assessment | 60 |
PG
Environment68
PG
Social76
PG | |
Governance | 88 |
Statutory Reports | |
Directors' Report | 102 |
Report on Corporate Governance: 2023 | 119 |
Business Responsibility and | 137 |
Sustainability Report FY 2022-23 | |
Financial Statements | |
Standalone | 175 |
Consolidated | 244 |
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2022-23 Highlights
FINANCIAL
K20,230 mn
Revenue
13%
EBITDA Margin
K6.36
EPS
K127 mn
Free Cash Flow
19%
Dividend
Payout Ratio
0.61X
Net Debt to Equity
ESG
ENVIRONMENT
7%
Reduction in water intensity per L of turnover
Multiple
Power purchase agreements (PPAs) signed to procure renewable energy
SOCIAL
2,16,500
Beneficiaries
Zero
Fatalities
GOVERNANCE
20%
Women Directors
100%
Employees* trained on any of the principles of the BRSR
*Other than BoD and KMPs
CREATING VALUE THROUGH SUSTAINABILITY
CREATING VALUE THROUGH
SUSTAINABILITY
ANNUAL REPORT 2022-23
About the Cover
The way molecular bonds lay the groundwork for complex structures; sustainable practices serve as the foundation for our resilience, success and positive impact. This concept is reflected on the cover of this year's Annual Report, where blue symbolises Hikal, and green represents our commitment to sustainability. The overlapping bond signifies the symbiotic relationship between Hikal and Sustainability - wherein lies the potential for growth.
HIKAL LIMITED ANNUAL REPORT 2022-23
For over three decades, our commitment has been to drive growth through scale, efficiency, and quality. This year, we strengthened our commitment to sustainability, going above and beyond to extend the value we create beyond our products. Embracing sustainability aligns our Company's operations with environmental responsibilities and yields significant benefits in multiple aspects.
We firmly believe that sustainability and growth are intertwined. With sustainability as our north star, we have made significant investments in technology to ensure clean energy, reduce our carbon footprint, conserve natural
resources, and minimise waste generation across all our sites. This, in turn, enhances our reputation and fosters stronger relationships with stakeholders, including colleagues, partners,
and the communities in which we operate.
Our sustainability roadmap focuses on reducing our carbon footprint across the entire value chain. Prioritising sustainability leads to cost savings through optimised use of resources and energy efficiency. Furthermore,
by adopting a 'molecular thinking' approach, we aspire to become the preferred partner for our global customers - passionate, future-ready, and committed to sustainability.
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Disclaimer
Hikal Limited published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 09:31:04 UTC.
