Mr. Mukesh Manveer, Chairman -; Managing Director, Debock Group

16 Dec 2022 , 11:45 PM

Mr. Mukesh Manveer, Chairman and Managing Director, Debock Group, talks to India Infoline.

 

1. Please tell us about your company and its products and services.

NSE listed, Debock Group was established in the year 2008 with the vision of growth and giving the best services and good quality of products to the country. The Debock Group has interests in Real Estate, Infrastructure Development, Sales and Marketing, Agriculture Products and in Hospitality Industry. We are looking forward to foray in the education sector too in the future.
We have made a holistic contribution to elevate modern lifestyles in Rajasthan. Real Estate projects developed by Debock Group are located at convenient and easily traceable locations, spacious and well-planned layouts, modern designs and facilities, near all transportation facilities in accordance with high living standards. We have successfully developed and delivered more than 10 million sq. ft. of residential and commercial projects that are landmark in itself to their designs, locations and inhabitant profiles.

Debock group has over 5 million sq. ft. of space under various stages of different projects development in various locations in country wide. Our aim is to develop sales & marketing policies which benefits client business and to develop agricultural equipments and spares for farming lands, hence contributing in the growth of our country. We are also in hospitality industry to give comfort stay when home away.

 

1. Kindly elaborate on your expansion plans

Our expansion plans are spread across four segments, i.e. (1) Hospitality, (2) Agriculture equipment manufacturing, (3) Mining, and (4) Sales & marketing. Here are the details for each of these.

(1)Hospitality: Hospitality and Hotel Industry is booming sector in Rajasthan. We have signed an MOU with Rajasthan Government to develop a Chain of Resorts in Rajasthan for premium tourists visiting Rajasthan. We have already taken first step by started construction of our first unit in Chakshu, Labana, Shivdaspura. We have also started construction of new Food courts on highways of Rajasthan, first unit up and running in Deoli. We will also provide charging stations at all our food courts. There are plans to acquire small units in virgin tourist places of Rajasthan to give a pleasant and comfortable stay to the tourists visiting our state. After writing a success story here in Rajasthan we will duplicate the idea in other virgin destinations in rest of India. We have planned for virgin destinations because big players are not focusing on this market. We are also on the path of creating a mobile application to bring all these destination under single platform and provide customized tour plans for tourists.

(2)Agriculture equipment manufacturing: Agriculture, the highest contributor to the GDP of India, is shifting from traditional to the modern and technical farming. Debock is contributing a big part in this industry through agriculture equipment manufacturing units. We have plans to come up with Manufacturing plants in all 7 divisional headquarters of Rajasthan, and to develop a strong distribution network with the help of C&F and dealers at every district level. Since we have successful journey in the field of Agriculture equipments. Now one step ahead we have started an R&D lab where experts are working on the grounds of identifying and designing special equipments which will help farmers to shift towards natural farming, which will save the earth from chemicals used in fertilizers and pesticides, this move will finally result in good health of masses and less number of diseases. As we spoke about natural farming, we will start tie-ups with NGOs and self-help groups to educate farmers in natural farming and to create an ecosystem with help of applications where farmers will get all support right from training, equipments, finance, buyers and cold storages.
(3)Mining: We are getting in new and very exciting vertical of business, that is mining. We have already started our journey in this direction with our first mines in Udaipur, where we are extracting Marble.
(4)Sales & marketing: Every business needs a strong marketing and sales team, with an experience of more than a decade in this field, Debock, with a bunch of experienced sales professionals, will start supporting manufacturing businesses to increase their revenue numbers. Debock will acquire equity in the business having a strong business model and with the help of existing team will generate additional revenue for the acquired businesses, which will finally result into the additional top-line and bottom-line for Debock and lucrative returns for the investors.

 

1. As you have mentioned getting into the business vertical of mining, kindly share the highlights of this development.

Debock Industries Ltd.a part of the Debock Group, has commenced acquisition of Granite Mines and is in the process of acquiring a patch of ~40 acres of land situated near Kishangarh, the Marble and Granite hub of India. This land will be available to company for a lease of 99 years and as per information, this land has a rich reserve of Granite.

Globally, the demand for Indian Granite is huge. India exports to more than 147 countries worldwide, yearly exported value of Granite is ~$747mn, this business will always be in demand for at least the next 5 decades.

The company has started the process of acquiring land, and the team has already started the process of planning and listing the resources required for mining.  The team is already in place right from acquiring of land to get the right set of machinery in place. As soon as the formalities of land get over, the team is all set for mining and exploring the local as well as overseas markets.

 

1. Kindly brief us about the company’s financial performance.

Financial performance of the Company has been good and the company is doing well on fulfilling its objectives of growth, profitability and maximization of shareholders wealth. Revenue from operations increased by 216.33% on y-o-y basis in FY 2021-22 as compared to FY 2020-21. Our margins and performance were remarkable due to increase in prices of final products of the Company and we maintain high cost cutting. The Company recorded a Net Profit of Rs. 673.03 Lacs in FY 2021-22 on y-o-y basis as compared to profit of Rs. 212.04 Lacs in FY 2020-21, despite a relatively sluggish industry growth, primarily on account of improved cost efficiencies. Earnings per Share (EPS) stood at Rs. 2.90 for FY 2021-22. The Financial performance of the Company for last 4 Years is as follows:

 

Particulars	2021-22	2020-21	2019-20	2018-19	2017-18
Revenue	97,41,03,442	30,77,97,500	18,70,10,859	20,41,68,498	17,58,82,658
EBIDTA	9,57,69,686	3,32,06,248	1,66,22,913	1,89,59,128	1,72,06,341
Reserve/ Surplus	46,47,02,246	17,23,93,275	15,19,07,560	14,32,50,553	12,55,51,857

5.Any other highlights/development that you would like to share with us.

 

As mentioned earlier, Debock Group has a legacy of high-quality products, services and transparency between stakeholders and customers to providing different kind of services and products in Sales & Marketing, Agriculture Products and also in Hospitality Industry.

One division of Debock group i.e., ‘Eagle Sales’ is engaged in manufacturing of agriculture equipments and spares from its unit at Rajasthan, which is committed to provides latest technology based and with low cost equipments and spares.

We have also started providing services in Hospitality Industry through our Hotels and Resorts in Rajasthan. We have recently done various MOUs with Tourism Department of Rajasthan Govt. under Resurgent Rajasthan Partnership Summit.