Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — Q3 FY2018 Earnings Presentation
31 slides from Shree Pushkar Chemicals & Fertilisers's earnings presentation, February 2018
Slide 1: Shree Pushkar Chemicals & Fertilisers Ltd. Investor Presentation
Shree Pushkar Chemicals & Fertilisers Ltd. Investor Presentation February 2018 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shree Pushkar Chemicals & Fertilisers Limited Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purch
Slide 3: Q3FY18 Financial Highlights
Q3FY18 Financial Highlights Total Revenue from operations EBITDA PAT (Rs in Cr) +34.7% +45.9% +38.5% 100.7 18.4 9.8 74.8 12.6 7.1 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 EBITDA Margins (%) PAT Margins (%) +150 bps +30 bps 18.2% 9.4% 9.7% 16.7% Q3FY17 Q3FY18 Q3FY17 Q3FY18 3 As per Ind AS On Consoli
Slide 4: 9MFY18 Financial Highlights
9MFY18 Financial Highlights Total Revenue Consistently Improving Performance 26.2% Rs 276.46 Crs • Dyestuff contribution of 26.2% in revenue • Textile chemicals slowly catching up with demand EBITDA Better operating leverage Rs 50.03 Crs 27.0% (Margin 18.1%) • Improved Product Mix PAT Performance in
Slide 5: Re-organisation in Kisan Phosphates
Re-organisation in Kisan Phosphates Total Revenue from operations EBITDA PAT (Rs in Cr) 35.7 5.5 0.3 0.2 6.9 1.4 FY17 Q3FY18 FY17 Q3FY18 FY17 Q3FY18 Acquisition of Kisan Phosphates effective from 12th October 2017 Steps Taken for Re-organisation in the business 1. Prepaid high cost term loan amounti
Slide 6: Higher Contribution from Dyestuff Business
Higher Contribution from Dyestuff Business (Rs in Cr) 72.0 201.2 196.4 165.4 171.4 40.2 128.1 139.7 FY17* 9MFY18* FY13 FY14 FY15 FY16 FY17* 9MFY18* Dyestuff Dye Intermediates 57.6 16.3 48.2 48.7 35.1 37.7 10.3 10.2 31.0 7.7 7.7 6.3 FY13 FY14 FY15 FY16 FY17* 9MFY18* FY13 FY14 FY15 FY16 FY17* 9MFY18*
Slide 7: Consistent Growth in Business
Consistent Growth in Business (Rs in Cr) Margin % 13.2% 14.0% 11.9% 13.9% 17.5% 18.1% +15% 308.1 +23% 54.0 50.0 266.5 251.2 276.5 176.6 210.1 31.8 34.9 29.4 23.3 FY13 FY14 FY15 FY16 FY17* 9MFY18* FY13 FY14 FY15 FY16 FY17* 9MFY18* Total Revenue from operations EBITDA 10.9% 11.8% 10.6% 12.4% 15.8% 16.
Slide 8: Q3 & 9MFY18 Financial Highlights
Q3 & 9MFY18 Financial Highlights Particulars (Rs. In Crs) Q3FY18 Q3FY17 Y-O-Y 9MFY18 9MFY17 Y-O-Y Net Sales 100.74 74.81 274.69 216.93 Other Operating Income 0.00 0.00 0.47 0.00 Total Revenue from Operations 100.74 74.81 34.7% 275.16 216.93 26.8% Cost of Material Consumed 65.19 50.38 184.07 146.18 E
Slide 9: 9MFY18 Segmental Highlights
9MFY18 Segmental Highlights • Sustained contribution from Dyestuff segment to our revenues which has been on the uptrend • Acid Complex Division continues to have higher captive utilization for Dye Revenue Break up 9MFY18 Intermediates in view of additional capacity in Dye Intermediates and producti
Slide 10: Inorganic Expansion in Fertilizers
Inorganic Expansion in Fertilizers Acquired 100% equity of Kisan Phosphate Pvt Limited for Rs. 9+ Crores – Acquisition effective from 12th October 2017 • Kisan Phosphate is in similar business segment in separate Existing Capacity at Lotte Parshuram geographical region Existing Capacity with Kisan P
Slide 11: A Winning Formula…
A Winning Formula… Ramping up of higher margin Dyestuff Segment Products spread across 5 segments India’s largest manufacturer of K Acid Undertaken Backward & Forward Integration Single location plant at Lote Parshuram Textile Chemicals steadily catching up with demand Exports to world’s leading dye
Slide 12: Evolution of Our Business
Evolution of Our Business 1993 – 2004- 2011 – 2017 & Beyond 2003 2010 2016 • Commenced trading/imports • In 2011, began use of Spent acid With Introduction of textile chemicals • Recycling of effluents from Dye we are gaining better market of chemical products & dye for manufacturing of SSP and Inte
Slide 13: Our Product Portfolio
Our Product Portfolio Our Products Constantly on the improvement Single Super Phosphate (SSP) Gamma Acid, K- Acid, R- based on market response with Soil Conditioner, Mixed granulated Sulphuric Acid, Oleum and Di- Calcium Phosphate Salt, Vinyl Sulphone, Meta over 30 different shades in fertiliser (NP
Slide 14: A Snapshot of Our Infrastructure
A Snapshot of Our Infrastructure Dyestuff & Dye Intermediates Product Capacity in MTA Reactive Dyes 3,000 + 3,000 Fertilizers 2,400 H-Acid +750 Others Product Capacity in MTA Vinyl 2,700 Sulphone +1,000 SSP 2,00,000 K-Acid 960 SOP 10,000 Product Capacity in MTA NPK 18,000 Acids 40,000 Gamma Acid 480
Slide 15: A One Stop Solution
A One Stop Solution All our Plants are at a single location, Lote Parshuram, Maharashtra… Unit 1 – Dye Intermediates Unit 2 – SSP Granulation Plant Unit 3 - New Reactive Dyes Plant Unit 4 - SOP Sulphuric Acid Plant New Application Lab for Testing of Dyes … leading to operational and logistics effici
Slide 16: Persistent Focus on the High Margin Dyestuff Segment
Persistent Focus on the High Margin Dyestuff Segment Revenue (Rs. In Crs.) As a proportion of our Revenues 64.4 81.2 76.4 88.9 78.0 96.3 93.8 4.1% 9.1% 17.5% 18.7% 20.5% 22.0% Dyes 37.2% Dye Intermediates Fertiliser Others 73.5% 68.2% 58.0% 56.3% 54.3% 57.6% 44.3% 19.5% 12.9% 16.1% 16.5% 21.3% 17.6%
Slide 17: Our Foray into Dyestuff
Our Foray into Dyestuff Captive Consumption of Raw What are Reactive Dyes? Our Manufacturing Capacity Material • A class of highly coloured organic • Located at our Integrated Complex in • Additional Vinyl Sulphone Capacity of substances Lote Parshuram 1000 MTA commissioned in January 16 and commerc
Slide 18: An Overview of our Dye Intermediates Business
An Overview of our Dye Intermediates Business Revenue in Rs Crores Product offerings for Dyestuff +11% Manufacturers 201 196 165 170 Gamma Acid 128 Meta Ureido Aniline H- Acid FY13 FY14 FY15 FY16 FY17 Vinyl Sulphone K- Acid One of the few manufactures of wide range of dye intermediates in India wi
Slide 19: Our Fertilisers Division
Our Fertilisers Division Nitrogen Sulphate of Granular Single Soil Conditioner Phosphorus Potash (SOP) Calcium Chloride Superphosphate (SSP) Potassium (NPK) • The main raw materials • NPK fertilizer is primarily • Soil conditioner is a product • SOP is a preferred form • To utilize HCL for SSP are r
Slide 20: Our Marketing Partnerships
Our Marketing Partnerships NPK Fertiliser NPK is sold under Marketing tie-up with DCM Shriram Launched under the brand ‘Shriram Urja Mix’ in the state of Maharashtra SSP Fertilizer Marketing arrangement with DCM Shriram Chemical & Fertilizers for Single Super Phosphate in Maharashtra and Karnataka D
Slide 21: Zero Waste Methodology – Creating Value
Zero Waste Methodology – Creating Value Gamma Acid B –Napthol K - Acid Meta Ureido Aniline R Salt Vinyl Sulphone Effluents Di Calcium Phosphate Sulpho VS H - Acid Effluents Effluents Chloro Sulphonic Acid Soil Conditioner Final Products SSP 21
Slide 22: Our Strengths
Our Strengths Fast Paced Growth in our Dyestuff Zero Waste Chemical Company Segment We do not incur large costs on effluent treatment Substantial increment in the contribution from Dyestuff due to our zero waste model Segment to our Revenue on a quarter on quarter basis Cost Efficiencies Low Financi
Slide 23: Growth Drivers for the Future
Growth Drivers for the Future Environmentally Conscious • A clean track record with no regulatory issues • Continue to recycle our effluents in Plans For Expansion our integrated model and minimize discharge • Reactive Dyes Capacity expanded to Working towards our Brand 6000 MTA We are leveraging ou
Slide 24: Latest Happenings of the Industry
Latest Happenings of the Industry The Dye & Dye Intermediates Industry largely caters to the Textile Industry and is concentrated in China, India and other smaller Asian Countries. The dominance by these countries is further driven by the fact that the global textile industry is also concentrated he
Slide 25: Client Profile
Client Profile Domestic Clients International Clients 25
Slide 26: Key Management
Key Management Punit Makharia Chairman & Managing Director A first generation entrepreneur, he holds a Bachelors in Commerce with a rich business experience of over 2 decades in dealing with chemical and dyes intermediates Gautam Makharia Dilip Shah R Purohit S N Sengupta Ratan Jha Associate Directo
Slide 27: Financials
Financials 27
Slide 28: Key Financial Parameters
Key Financial Parameters (Rs in Cr) Net Debt ROE % 21.1% 16.3% 15.7% 13.7% 13.7% 74 58 22 -8 -24 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-13 Mar-14 Mar-15 Mar-16* Mar-17 Net Debt to Equity ROCE % 24.9% 23.5% 19.6% 17.2% 1.4 14.8% 0.9 0.2 -0.1 0.0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-13 Mar-14 Mar-15
Slide 29: Historical Profit & Loss
Historical Profit & Loss Particulars (Rs. In Crs) FY17* FY16 FY15 FY14 FY13 Total Revenue 305.90 248.70 266.52 210.09 175.98 Other Income 2.17 2.54 0.29 0.28 0.59 Total Revenue from Operations 308.07 251.24 266.81 210.37 176.57 Raw Material 212.22 175.29 195.46 150.58 129.88 Employee Expenses 12.77
Slide 30: Balance Sheet
Balance Sheet Liabilities (Rs in Crs) Sep-17 Mar-17 Assets (Rs in Crs) Sep-17 Mar-17 Equity 209.46 192.99 Total Non Current Assets 140.33 136.94 Equity Share Capital 30.22 30.22 Property Plant & Equipment 120.02 123.13 Other Equity 179.24 162.77 Capital Work in Progress 7.76 0.00 Total Non Current L
Slide 31: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Shree Pushkar Chemicals & Fertilisers Ltd Strategic Growth Advisors Pvt. Ltd. CIN: U24100MH1993PLC071376 CIN: U74140MH2010PTC204285 Mr. S N Sengupta, Associate Director Mr. Rahul Agarwal / Ms. Nirali Shah sengupta@shreep
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