India Pesticides Ltd. · NSE:IPL
India Pesticides — Q2 FY23 Earnings Presentation
17 slides from India Pesticides's earnings presentation, Nov 13, 2022
Slide 1: Exchange filing cover letter
INDIA PESTICIDES LIMITED An ISO 9001:2015, 14001:2015, 45001:2018 and 10002:2018 Company CIN No. L24112 UP1984PLC006894 IPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPL
Slide 2: India Pesticides Limited Q2 FY23 Earnings Presentation
INDIA PESTICIDES LIMITED Q2 FY23 EARNINGS PRESENTATION www.indiapesticideslimited.com
Slide 3: Performance Highlights
Performance Highlights H1 FY23 Q2 FY23 H1 H1 Q2 Q2 Total Revenue EBITDA Total Revenue EBITDA INR 1,139 mn INR 549 mn INR 4,747 mn Margin | 24.0% INR 2,530 mn Margin | 21.7% H1 H1 Q2 Q2 EBIT PAT EBIT PAT INR 1,086 mn INR 783 mn INR 522 mn INR 372 mn Margin | 22.9% Margin | 16.5% Margin | 20.6% Margin
Slide 4: Performance Highlights
Performance Highlights Consistent growth across products “During the quarter our revenue grew by 38.8% supported by increased demand of existing products and new product launches. Our margins were impacted by various macro-economic factors across the globe. Industry faced challenges in terms of raw
Slide 5: Q2 FY23 Performance Highlights
Q2 FY23 Performance Highlights Robust Revenue growth of 38.8%; Decline in margins due to spike in raw material and energy cost Rs in Million Total Income Gross Profit 54.5% 43.4% 1,823 2,530 994 1,099 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 EBITDA PAT 32.2% 23.1% 21.7% 14.7% 587 549 421 372 Q2 FY22 Q2 FY23
Slide 6: Performance Summary
Performance Summary Robust growth supported by unique diversified product offerings Y-o-Y Change Y-o-Y Change (Rs. Million) Q2 FY23 Q2 FY22 H1 FY23 H1 FY22 (%) (%) Total Income 2,530 1,823 38.8% 4,747 3,564 33.2% Gross Profit 1,099 994 10.6% 2,190 1,949 12.4% Gross Margin (%) 43.4% 54.5% 46.1% 54.7%
Slide 7: Revenue Break-up
Revenue Break-up Technicals + APIs constitute 73% of total revenue during Q2 FY23 Rs in Million Technicals + API Revenue Share 5,068 5409 3,833 27% 1,816 FY20 FY21 FY22 Q2 FY23 Q2 Formulation FY2023 73% 1753 1,358 Techinical + API Formulations 947 685 FY20 FY21 FY22 Q2 FY23 6
Slide 8: Capital Structure
Capital Structure Debt reduced by 44% ; Cash & bank balances at INR 781 mn (Rs. In million) 31st Mar 2021 31st Mar 2022 30th Sept 2022 Cash Flow from Operations (Rs. Million) Long Term Borrowings 74 36 18 833 758 Short Term Borrowings 228 119 69 Total Debt 303 155 87 Less: Cash & Bank Balance 437 1,
Slide 9: India Pesticides At a Glance
India Pesticides At a Glance Diversified product offerings, ability to develop client specific molecules quickly and efficiently 2 • An R&D driven chemical manufacturer of Agro-Technicals & APIs, along with growing Active Manufacturing Formulation's business Facility • Focus on quality and sustainab
Slide 10: Business Overview
Business Overview Sole Indian manufacturer of certain Technicals and among the leading manufacturers globally for Captan, Folpet and Thiocarbamate Herbicide, in terms of production capacity Key Technicals Category Application Prosulfocarb Herbicide Used in field crops, such as, wheat and potatoes Pr
Slide 11: Manufacturing Facility and Sales Network
Manufacturing Facility and Sales Network Regular inspection of manufacturing facilities by international clients, external governing authorities and internal team for QA & HSE systems for their products, facilitates continuous improvement in operations & processes Manufacturing Facilities Plants as
Slide 12: Capacity and Product Portfolio Expansion
Capacity and Product Portfolio Expansion Consistent efforts towards generating and serving future potential demand Upcoming Expansion and Product + 500 MT Technical Launch Capacity • Sandila Technical Capacity : • Hamirpur project EIA report 19,400 accepted by MOEF & meeting Q3 FY22 • • 2 technicals
Slide 13: Strengths & Strategies
Strengths & Strategies Product portfolio and capacity expansion will be driving factors for growth Strength Strategy •Leveraging R&D capabilities •Continuous improvement on on existing & upcoming sustainability initiatives Strong R&D and product development capabilities products & processes •Strengt
Slide 14: Our CSR Involvement
Our CSR Involvement While expanding product list and production capabilities, IPL recognizes our Corporate Environmental Responsibility (CER) and Corporate Social Responsibility (CSR). We uphold our reverberating motto - “Care the World with Care” through careful planning and execution of activities
Slide 15: Key Takeaways
Key Takeaways Board and Management is committed to continuous growth and sustainability Consistent growth with sustainable margins Net cash company with significant reduction in long term borrowings and increased cash flow from operations Higher return ratios due to efficient capital and asset utili
Slide 16: Disclaimer
Disclaimer Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The company's results may b
Slide 17: India Pesticides Limited
INDIA PESTICIDES LIMITED Corporate office: Water Works Road, Aishbagh, Lucknow - 226 004, Uttar Pradesh, India +91 522 2653602 www.indiapesticideslimited.com