PROSPERITY
PROXY
M A G N U M V E N T U R E S L I M I T E D A N N U A L R E P O R T F Y 2 0 2 3 - 2 4
Forward-looking statement:
In this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and make informed investment decisions. This report and other statements - written and oral that we periodically make, contain forward-looking statements that set out anticipated results based on the management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipates', 'estimates', 'expects', 'projects', 'intends', 'plans', 'believes' and words of similar substance in connection with any discussion
of future performance. We cannot guarantee that these forward- looking statements will be realised, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward- looking statements, whether because of new information, future events or otherwise.
CONTENTS
04 Corporate snapshot
09 Our management's perspective
- Governance: The soul of our business
- Our Chairman's overview
- Chief Financial Officer's review
- 4 principal drivers of our business
- Our hospitality business
- We have capitalised on our being associated with the world-famous Radisson brand
- Why our 5-star hotel and resort (Country Inn & Suites by Carlson)
- Cuisine: A robust revenue and brand driver for our company
42 Our restaurants
- Our banquet services
- Our banquet spaces portfolio
- Our paper business
55 How we have made ESG the core of our operations
58 The promoter's family team
60 The Promoters, Board of Directors, and key managerial personnel
- How we have strengthened our corporate social responsibility
- Management discussion and analysis
- Corporate information
- Directors Report
- Report on Corporate Governance
- Financial Statements
PROSPERITY
PROXY
Magnum Ventures Limited is engaged in two businesses capitalising on India's consumption story.
The businesses comprise hospitality and paper manufacturing.
Each business is capitalising on enduring factors to captalise and grow.
The factors driving the growth of these businesses are only likely to deepen.
These factors are not only expected to translate into improved cash flows; they also provide credible reasons for the Company to deepen investments in each.
These realities concise the Company's prospects and personality in two words.
'Prosperity proxy.'
02 Magnum Ventures Limited | Annual Report 2023-24
Corporate Overview | 03 |
P A R T 1
WHAT WE
ARE AND
WHAT WE DO
04 Magnum Ventures Limited | Annual Report 2023-24
C O R P O R A T E S N A P S H O T
Magnum Ventures Limited.
The Company enjoys a respectable presence in the manufacturing of eco-friendly paper and India's hospitality sector.
The Company has been present for nearly 30 years in the manufacture and trading of paper products; these products are sold within India and abroad.
The Company has been operating a prominent five-star hotel with the Radisson Group of Hotels in India's national capital region.
Both these businesses are profitable and positioned at the cusp of their next growth wave.
This has deepened the Company's recall as a prosperity proxy of the most populous country and the world's fastest growing economy.
Corporate Overview | 05 |
O U R L E G A C Y
Magnum Papers Limited was established on 29th May, 1980. The Company's status was changed from a Private Limited Company to a Public Limited Company on 31st May, 1995. The Company was renamed Magnum Ventures Limited ('Magnum') on 15th November, 2006, the name by which it is known today
O U R M A N A G E M E N T A N D P R O M O T E R S
The Company was founded in 1980 and was taken over in 1984 by the late Mr. Salek Chand Jain and his son, the late Mr. Vinod Jain. Currently, the Company's promoters are Mr. Pardeep Kumar Jain, Mr. Parveen Jain and Mr. Pramod Kumar Jain.
O U R P R E S E N C E
The Company's headquarters are in Sahibabad, Ghaziabad (Uttar Pradesh), a part of the National Capital Region. The Company comprises a building of 5,000 square feet in addition to 65,000 square meters of paper-producing infrastructure. The Sahibabad Industrial Area in Ghaziabad is home to the Company's other location, comprising Country Inn and Suites by Radisson.
06 Magnum Ventures Limited | Annual Report 2023-24
O U R B U S I N E S S E S
Paper: For over 25 years, the Company has been involved in the production, distribution, and export of paper. The Company manufactures various types of eco-friendly paper utilised in a variety of downstream applications.
Hospitality: The Company owns the Country Inn and Suites by Carlson (now the Radisson Hotel) in Sahibabad. The property was the second largest in the world under the Country Inn and Suites by Carlson brand. This property holds the distinction of being India's first completely vegetarian five-starhotel.
O U R E X P O R T S
The Company exports paper products to neighbouring nations, the Middle East and other developing countries. The Company's copier paper product received favourable feedback from global customers.
O U R H U M A N
R E S O U R C E
Magnum comprises subject matter experts. The Company employed 1466 workers as of 31st March, 2024. The employee's average age was 36 during the year under review.
O U R L I S T I N G
The Company is listed on the National Stock Exchange of India Limited and BSE Limited, where its equity shares are actively traded. The market capitalisation of the Company was H260.75 Cr as of 31st March, 2024.
C R E D I T R A T I N G
The Company obtained a credit rating of C for its Non-Convertible Debentures for the year under review, underscoring the robustness of its business model.
Corporate Overview 07 | |
Our milestones | |
1980 | 1984 |
Magnum Ventures Ltd., | Taken over under the |
formerly known as Magnum | leadership of the late Mr. Salek |
Papers Private Ltd.,was | Chand Jain along with his |
incorporated. | sons the late Mr. Vinod Jain, |
Mr. Parmod Kumar Jain, | |
Mr. Pardeep Kumar Jain and | |
Mr. Parveen Jain. | |
2007 | 2009 |
Ventured into the | Country Inn and Suites by |
hospitality sector to | Radisson, a 5-star hotel, |
address the opportunity | was soft-launched in |
created by good business | January 2009. |
due to the Commonwealth | |
Games in Delhi NCR in | |
2010. Formed a partnership | |
with Radisson Hotel Group. | |
2020-21 | 2022-23 |
Maintenance was carried | Installed solar energy |
out in the factory and | panels; received |
a hotel. Installed FGD | government approval for |
equipment in the thermal | the use of biodiesel for the |
power plant and treated at | paper mill. |
par with other and thermal | |
power plants. |
08 Magnum Ventures Limited | Annual Report 2023-24
Our growth over the years
R E V E N U E S | E B I T D A | N E T P R O F I T | E B I T D A | ||||||||
(H Lakh) | (H Lakh) | (H Lakh) | M A R G I N (%) | ||||||||
46,549.88 | 46,234.79 | 4,742.73 | 5,417.88 | 2,819 | 10.19 | 11.72 | |||||
33,160.13 | 1,883 | 7.65 | |||||||||
2,536.37 | |||||||||||
835 | |||||||||||
FY22 | FY23 | FY24 | FY22 | FY23 | FY24 | FY22 | FY23 | FY24 | FY22 | FY23 | FY24 |
Why this is measured | Why this is measured | Why this is measured | Why this is measured |
It is an index that showcases | It is an index that showcases | It highlights the strength of the | The EBITDA margin provides |
the Company's ability to | the Company's ability to | business model in enhancing | an idea of how much a company |
maximise revenues, which | generate a surplus after | value for shareholders. | earns (before accounting for |
provides a basis against which | optimising operating costs, | What this means | interest and taxes) on each |
the Company's success can be | providing a base for comparison | rupee of sales. | |
This ensures that adequate cash | |||
compared with sectoral peers. | with sectoral peers. | ||
is available for reinvestment, | What this means | ||
What this means | What this means | strengthening a virtuous cycle | This measure demonstrates the |
Revenue is the total income | Helps create a robust surplus, | of business sustainability. | buffer in the business, which, |
a company earns from its | generating a growth engine that | Value impact | when multiplied by scale, can |
business activities. | enhances reinvestment. | potentially enhance the surplus. | |
The Company reported a | |||
Value impact | Value impact | decline in profitability from | Value impact |
The Company reported a | The Company reported an | H2,819 Lakh in FY 2022-23 | The Company reported a 153 |
0.68% decline in Total Income | EBITDA growth of 14.24% in | to H1,883 Lakh in FY 2023-24 | bps increase in its EBITDA |
H315.10 Lakh, as compared to | FY 2023-24. | on account of increased by | margin in FY 2023-24 |
previous year. However, there | depreciation by H2,763 Lakh. | ||
was a growth of 0.18% (H82.15 | |||
Lakh) in sales as compared to | |||
previous year. The reduction | |||
in total income was mainly on | |||
account of Other Income. The | |||
growth in sale was mainly on | |||
account of new clients and new | |||
markets accessed. |