Sutlej Textiles & Industries Ltd. · NSE:SUTLEJTEX
Sutlej Textiles & Industries — H1 FY2024 Earnings Presentation
25 slides from Sutlej Textiles & Industries's earnings presentation, Nov 6, 2023
Slide 1: Sutlej Textiles and Industries Limited – Result Presentation Cover Letter
SUTLEJ TEXTILES AND INDUSTRIES LIMITED Lotus Corporate Park, ‘E’ Wing, 5th/6th Floor, 185/A, Graham Firth Compound, Near Jay Coach, Goregaon (East), Mumbai 400 063, INDIA. Phone : (022) 4219 8800/6122 8989 Fax (022) 42198830 E-mail : info@sutlejtextiles.com Website: www.sutlejtextiles.com CIN. : L17
Slide 2: Sutlej Textiles and Industries Limited
Sutlej Textiles and Industries Limited Leadership in Yarns, Establishing a Niche in Home Textiles Q2 & H1FY24 Presentation | November 2023
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sutlej Textiles and Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Q2 & H1FY24 Result Updates
Q2 & H1FY24 Result Updates
Slide 5: Financial Performance – Q2 & H1FY24
Financial Performance – Q2 & H1FY24 Consolidated (Rs Crore) Q2FY24 Q1FY24 QoQ% Q2FY23 H1FY24 H1FY23 YoY % Total Income 739 711 4% 826 1,450 1,679 -14% Cost of goods sold 504 429 18% 431 933 836 12% Gross Profit 235 282 -17% 395 517 843 -39% GP margin % 31.79% 39.67% -788 bps 47.84% 35.65% 50.20% -14
Slide 6: Yarn Business Highlights – Q2 & H1FY24
Yarn Business Highlights – Q2 & H1FY24 Capacity utilisation nearing Yarn Sales Volumes picking up Focusing on Domestic Market Optimum Levels Consolidated Sales (Rs Crs) 95% 30,271 820 704 735 90% 26,944 84% 25,540 42% 45% 42% 58% 55% 58% Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24
Slide 7: Balance Sheet (Consolidated) – Highlights
Balance Sheet (Consolidated) – Highlights Consistently keeping the Debt to Equity below 1x… Overall Debt Levels continue to be in control 942 951 907 0.95 871 816 0.91 0.86 0.86 0.80 291 339 464 556 476 580 569 478 395 340 FY20 FY21 FY22 FY23 H1FY24 FY20 FY21 FY22 FY23 H1FY24 Long Term Short Term ✓
Slide 8: From the Executive Chairman’s Desk
From the Executive Chairman’s Desk Commenting on the results, Mr. C.S. Nopany, Executive Chairman, Sutlej Textiles and Industries Limited said: “The Israel-Hamas conflict was an unexpected turn of event for global peace and recoveries that were being seen across economies. As the conflict rages on,
Slide 9: Sutlej
Sutlej Creation of a Strong Foundation over the years
Slide 10: Sutlej Textiles – Successful Yarn business, building a niche Home Textile business
Sutlej Textiles – Successful Yarn business, building a niche Home Textile business Established Value-added Yarn Player Building a strong Home Textile Brand • Largest Spun Dyed Capacity • Niche Segment Presence ✓ One of India’s largest spun dyed Yarn and leading Melange Yarn ✓ One of the few listed p
Slide 11: Key Business Verticals
Key Business Verticals Dyed Yarns SPECIALISED YARN Value Added Yarn Segment Melange Yarns SUSTAINABLE GREEN FIBRE Recycled Polyester Recycled Green fibre Staple Fibre Curtains HOME TEXTILES Upholstery Niche Segment Made Ups 10
Slide 12: Guided by Industry Veterans and Experienced Management
Guided by Industry Veterans and Experienced Management Board of Directors Mr. C.S. Nopany Mr. U.K. Khaitan Mr. Amit Dalal Mr. Rajan Dalal Ms. Sonu Bhasin Executive Chairman Independent Independent Independent Independent Non-Executive Director Non-Executive Director Non-Executive Director Non-Execut
Slide 13: Consistently Expanding Capacities and Product Portfolio…
Consistently Expanding Capacities and Product Portfolio… Backward Acquisition of Birla integration into Commenced Textile Mills Acquired Design, green fiber commercial production 31,104 spindles Sales, and Modernization of of 31,104 Spindles at added at 35,280 spindles – Distribution Home Textile Fa
Slide 14: Focused on Value Added Specialty Yarn
Focused on Value Added Specialty Yarn Always Opted for Expansion into High Value Specialty Yarn
Slide 15: Among the Leading Yarn and Fabric Capacities in India
Among the Leading Yarn and Fabric Capacities in India ✓ Our manufacturing facilities are capable to handle a variety of Raw Material, having different Counts ✓ We work very closely with our Customers to fulfil requirements and on the ethos, ‘Manufacture to Sale and Not to Stock’ 1 Kathua, J&K 1 4 Da
Slide 16: Speciality Dyed Yarns – Backbone of Our Business
Speciality Dyed Yarns – Backbone of Our Business ▪ Leading Yarn manufacturer in India Continuous Increase in Spindle Capacities (MT) ✓ 4,23,792 Dyed Yarn Spindles ▪ ~41% dedicated to Melange Yarn ▪ ~59% dedicated to various blends 4,22,602 4,23,792 ▪ Well Diversified Product Portfolio/geographies an
Slide 17: Sustainable Green Fibre Unit
Sustainable Green Fibre Unit Backward integration into recycle fibre to meet captive demand
Slide 18: Improving Operating Efficiency by Backward Integration…
Improving Operating Efficiency by Backward Integration… Captive Utilisation RPSF – A Key Raw Material for Sutlej Bottle Flake Fibre Yarn Fabric Key Statistics: Updates ✓ 120 Tonne per day Installed capacity of green fibre at ✓ Capacity utilization has been consistently increasing Sutlej and currentl
Slide 19: Home Textile Business
Home Textile Business One of the Few Listed Curtains & Upholstery Players
Slide 20: Home Textile Business
Home Textile Business ▪ Focus on Curtains, Upholstery & Made ups ✓ One of the leading producers & exporters of Home furnishings. Increase in Loom Capacities (MMT) over past 12 yrs ✓ American Silk Mills (ASM), leading Design & Distribution Company in USA ▪ Latest Technology in design & manufacturing
Slide 21: Home Textile Business – Increase in Penetration
Home Textile Business Increase in Penetration ✓ Expanded customer base in large format retail stores in UAE and UK. Strategically positioning ready-made products with prominent accounts such as Home Center in the UAE, to tap into new growth opportunities ✓ The new collection launched in the Domestic
Slide 22: Home Textile - “Nesterra” Building a Brand of Future
Home Textile - “Nesterra” Building a Brand of Future From B2B to Retail Brand • In FY21, launched the first retail brand in its existence • ‘Nesterra’ has established itself as a prominent player in the industry through its fastest grown distribution network • Have developed seamless ordering portal
Slide 23: Home Textile - “Nesterra” Building a Brand of Future
Home Textile - “Nesterra” Building a Brand of Future Market Penetration ✓ Total number of MBOs selling Nesterra Collections is over 500. Extended our agent network to cover all locations, except for the North-East ✓ Launched 12 new premium collections at Home Décor Expo 2023, in addition to the exis
Slide 24: Key Highlights – Market Penetration
Key Highlights Market Penetration ✓ Plan to target sales in display, transportation, and hospitality segments that continue to perform well despite a slowing economy. ✓ Continue to focus on selling ASM staples such as suedes and velvets that are already proven performers. ✓ Aviation and display mark
Slide 25: Let’s Connect
“Success is the sum of small efforts-repeated Let’s Connect day in and day out”- Robert Collier Mr. Rajib Mukhopadhyay rajibm@sutlejtextiles.com yay Lotus Corporate Park, Goregaon (East), Mumbai 400063 For more information visit: www.sutlejtextiles.com Ms. Pooja Sharma / Ms. Vinita Pandya pooja.shar
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