Nitin Spinners Limited · NSE:NITINSPIN
Nitin Spinners — Q3 FY24 Earnings Presentation
18 slides from Nitin Spinners's earnings presentation, Jan 30, 2024
Slide 1: Exchange filing cover letter
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Slide 2: Nitin Spinners Limited Investor Presentation Q3 & 9MFY24
Nitin Spinners Limited Investor Presentation Q3 & 9MFY24
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Nitin Spinners Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Company Overview
Company Overview India’s Leading manufacturer of Cotton & Blended Yarn, Knitted Fabrics, Greige & Finished Woven Fabrics Strong Capabilities Established in 1992 Headquartered in Bhilwara (Rajasthan) Plants located at Bhilwara & Chittorgarh, Rajasthan 9M FY24 Revenue ~Rs. 2,105 Crs Global Presence Ac
Slide 5: Management Commentary on Q3 & 9M FY24 Results
Management Commentary on Q3 & 9M FY24 Results Commenting on the results, Mr. Dinesh Nolkha – Managing Director said, “During the quarter there was improvement in export demand across various end user segments, despite prevailing global challenges. It's crucial to highlight that domestic cotton price
Slide 6: Production and Sales Volumes
Production and Sales Volumes Q3 FY24 Q3 FY23 Q2 FY24 9M FY24 9M FY23 Production Yarn (MT) 25,158 15,130 21,824 65,941 44,151 Knitted Fabric 1,651 558 1,154 3,547 2,760 Woven & Finished Fabrics Griege Woven Fabric Production 9.24 7.39 8.79 27.03 21.07 (Mn Mtrs) Finished Fabric Production (Mn Mtrs) 8.
Slide 7: Revenue Bifurcation
Revenue Bifurcation Q3 FY24 Q3 FY23 Q2 FY24 9M FY24 9M FY23 Products Rs. Crs % Rs. Crs % Rs. Crs % Rs. Crs % Rs. Crs % Yarn 523.8 69.8% 355.0 66.1% 517.3 70.2% 1,450.8 68.9% 1,146.6 65.4% Fabrics 185.4 24.7% 143.8 26.8% 177.9 24.1% 526.0 25.0% 493.7 28.2% Others 41.2 5.5% 38.4 7.1% 42.2 5.7% 128.1 6
Slide 8: Profit and Loss Statement
Profit and Loss Statement Particulars (Rs. Crs) Q3 FY24 Q3 FY23 Q2 FY24 9M FY24 9M FY23 Total Revenue 750.42 537.20 737.40 2,104.94 1,751.91 EBITDA 102.73 60.13 81.98 260.81 226.10 EBITDA Margin (%) 13.69% 11.19% 11.12% 12.39% 12.91% Depreciation 34.78 21.83 24.41 82.22 65.51 Other Income 0.30 0.29
Slide 9: Strong Presence in Domestic & Major International Markets
Strong Presence in Domestic & Major International Markets ~58% of Total revenue comes from exports Global Presence 50+ Countries Revenue Breakup(%) CANADA ASIA USA CHINA Domestic 27 EUROPE 37 44 INDIA 58 AFRICA BANGLADESH Export 73 63 56 42 S AMERICA FY21 FY22 FY23 9M FY24 AUSTRALIA The Maps provide
Slide 10: Two Decades And Counting…
Two Decades And Counting… Added 7,296 Spindles in Ventured into Ring June, 2021 Announced Spinning by Installing ~Rs.955 crs. worth 14,112 Spindles Forward expansion plans across Integration into Knitted all the segments Fabric by Installing 7 Expansion of Open-end Completed Spinning Knitting Machin
Slide 11: Our Product Categories
Our Product Categories Wide Product Range & End-User Application Yarn Knitted Fabric Finished Woven Fabric 100% Cotton, Cotton Spandex Fabrics. 100% cotton and blended Single Jersey Poly/Cotton, Poly/Cotton Spandex Fabrics. Ring spun combed and carded Open width with Elastene RFD, Bleached, Dyed, Pr
Slide 12: Fully equipped to add customer value
Fully equipped to add customer value Well equipped R&D facility and pilot plants to offer wide range of samples Fully equipped to add R&D for developing value-added products has led to value creation for both global and domestic customer value client base Offering complete range of products that ful
Slide 13: Strong Capacity profile built over the years…
Strong Capacity profile built over the years… Year wise Capacity Addition 72,480 Spindles 72,960 Spindles 76,992 Spindles 127488 Spindles 54 Weaving Machines 18 Knitting 14 Knitting 168 Weaving machines 72,96 Spindles 14 Knitting machines 264 Airjet Spinning Positions Total Capacities machines machi
Slide 14: Consistent Performance
Consistent Performance Rs. Crs CAGR FY18 FY19 FY20 FY21 FY22 FY23 (FY18-23) Revenue from 1,145 1,243 1,438 1,624 2,692 2,406 16% Operations EBITDA 155 178 170 257 652 176 14% PAT 52 64 24 69 326 165 26% ROACE 12% 9% 6% 11% 36% 12% - ROAE 13% 13% 5% 12% 37% 17% - Net Worth 417 483 494 563 876 1,029 2
Slide 15: Way Forward
Way Forward o Continue to innovative Geographical o Strive to maintain topline Top Line Growth Expansion growth momentum by and explore newer optimizing capacity utilization markets across the geographies DE-BOTTLENECKING Value Added o Look forward to enhance o Focus on debottlenecking our FACILITIE
Slide 16: Awards and Certificates
Awards and Certificates Awards Certificates TEXPROCIL Gold Trophy for the highest export The company is having all quality certification performance in Cotton Yarn-Counts 51s & as per International Standards above under Category I for the year 2020-21 Silver Trophy for the second highest export perf
Slide 17: CSR and Environment sustainability initiatives
CSR and Environment sustainability initiatives Major ESG and CSR initiatives by the company ESG Conservation of water by installing Zero liquid discharge system, Sewage water treatment plant and Rainwater Harvesting Initiatives Renewable Solar power capacity of 6.60 MW and another 3.9 MW under imple
Slide 18: Company and Investor Relations Advisors contacts
Company : Investor Relations Advisors : CIN: L17111RJ1992PLC006987 CIN: U74140MH2010PTC204285 Mr. P Maheshwari - CFO Ms. Manasi Bodas / Mr. Shogun Jain pmaheshwari@nitinspinners.com manasi.bodas.@sgapl.net/shogun.jain@sgapl.net +91 9821043510 / +91 7738377756 www.nitinspinners.com www.sgapl.net 17