Mitsu Chem Plast Ltd · BSE:MITSU
Mitsu Chem Plast — Q1 FY21 Earnings Presentation
34 slides from Mitsu Chem Plast's earnings presentation, August 2020
Slide 1: Mitsu Chem Plast Ltd. Investor Presentation Q1 FY21
MITSU CHEM PLAST LTD. Investor Presentation Q1 FY21
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Mitsu Chem Plast Limited (‘Mitsu Chem/Mitsu,’ the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 3: Company Overview
3 Company Overview • Established in the year 1990, Mitsu Chem Plast Limited (BSE Code - 540078) has emerged as the promising player growing by leaps and bounds. • The modest beginning years back with a very small working place, limited production capacity, and a very few resources at hand, has trans
Slide 4: Stock Data
4 Stock Data As on 06-08-2020 Share Price (INR) 92.00 Market Capitalization (INR Cr) 111.07 No. of Shares Outstanding (Cr) 1.20 Face Value (INR) 10 52 week High-Low (INR) 115.95/44.31 33.70 66.30 Promotor & Promoter Group Public
Slide 5: The Journey So Far…
The Journey So Far… 5 1990 Setup 1st manufacturing unit at Tarapur, Maharashtra 1999 Acquired additional land for expansion at Tarapur unit 2007 2008 Setup 2nd Acquired plant & machinery of Manufacturing unit at NOCIL from Reliance Tarapur, Maharashtra Ventured in Automotive component segment 2010 P
Slide 6: Emerging as a Promising Player in Plastic Moulding Industry
6 Emerging as a Promising Player in Plastic Moulding Industry Moulded Industrial Hospital Automotive Infrastructure Packaging Furniture Components Furniture Mitsu Chem Plast Ltd, posses strong capabilities in Injection Moulding, Blow Moulding and Custom Moulding. Through product innovation and value
Slide 7: Key Highlights
Key Highlights 7 43 Blow Moulding 12 Injection Machines Moulding Machines Employment 3 generation of Manufacturing 600 plus Facilities Sales of Rs. 139 500 Plus crore in 500 plus clients, SKU’s FY20 Installed capacity of out of which more 19,200+ Metric Tonnes than 30 are Fortune per annum 500 custo
Slide 8: Manufacturing Process – Strategically located units
Manufacturing Process – Strategically located units 8 Unit Tarapur, Maharashtra Process Used I 20,000 Sq. Ft Blow Moulding Injection Moulding Custom Moulding Tarapur, Maharashtra Raw Material Unit II 36,000 Sq. Ft HDPE, PE, Nylon, PP, ABS Unit Khalapur, Maharashtra Product Usage Segment III 79,000 S
Slide 9: Well Equipped and Certified Plant
Well Equipped and Certified Plant 9 Testing Equipment's INTEGRATED MANAGEMENTSYSTEM (IMS) CERTIFICATIONS ● Drop Tester ● ISO 9001-2015 (QMS) ● 21 CFR as per USFDA ● Hydraulic Pump ● ISO 14001:2015 (EMS) ● 5-S Implementation ● Pneumatic Pump ● ISO 45001:2018 (OHSMS) ● UN Certification for DG ● Digita
Slide 10: Green Initiatives for Sustainable Growth
Green Initiatives for Sustainable Growth 10 ✓ Manufacture of Reusable and Recyclable Products ✓ Rain Water Harvesting Systems ✓ Using LED’s and Motion sensor based tube lights. ✓ Transparent Polycarbonate Roof Tops ✓ 100% Virgin Material ✓ Certified by TFS (Together for sustainability) ✓ Plantation
Slide 11: One of the biggest range of Best in Quality Packaging products
One of the biggest range of Best in Quality Packaging products 11 Offering 100ml to 250 litres packaging solutions, un- comparable and complete range offered by none
Slide 12: Automotive Components & Fuel Tank Assemblies
Automotive Components & Fuel Tank Assemblies 12 Wide range of products and, well equipped assembly unit to provide JIT deliveries
Slide 13: Pioneer’s in Hospital bed & Ancillary Furniture
Pioneer’s in Hospital bed & Ancillary Furniture 13 Import substitute product with universally approved designs
Slide 14: Infrastructure Furniture a solution provider
Infrastructure Furniture a solution provider 14 Impressive aesthetics, robust design and durability has helped growth in this niche Business segment
Slide 15: More than 30 clients of Fortune 500 serviced by us
More than 30 clients of Fortune 500 serviced by us 15
Slide 16: Eminent Board of Directors
Eminent Board of Directors 16 Mr. Jagdish Dedhia, Mr. Sanjay Dedhia, Mr. Manish Dedhia, Chairman Jt MD Jt MD & CFO Mr. Jagdish, aged 58 years, is the Chairman & Mr. Sanjay is aged 48 years, he is the Jt. Managing Mr. Manish, aged 42 years, is also the Jt. Whole-time Director of MITSU CHEM. He has Di
Slide 17: Eminent Board of Directors
Eminent Board of Directors 17 Mr. Dilip Gosar, Mr. Ashish Doshi, Ms. Neha Huddar Non-Executive Independent Director Non Executive Independent Director Non Executive Independent Director Mr. Doshi aged 41 years, is the Non-Executive Mr. Gosar aged 52 years, is the Non-Executive Independent Director o
Slide 18: Management Supported By Well Experienced Professional Team
Management Supported By Well Experienced Professional Team 18 Board of Directors Mr. Sanjay Dedhia Mr. Jagdish Dedhia (Jt. MD) Mr. Manish Dedhia (Chairman & WTD) Marketing & product (Jt. MD & CFO) Production development Ms. Khushboo Mr. Chintan Ms. Geeta Ms. Kashmira Ms. Vidya Mr. Pankaj Gharat Krut
Slide 19: Skills that Differentiate us from Competition
Skills that Differentiate us from Competition 19 1 Product Innovation 4 Value Engineering Out-Of-the-box 2 Consultative Approach 5 Thinking culture Capability to handle PP, PE, Strong client 3 HDPE, Nylon & ABS for 6 relationships diverse product range
Slide 20: Plastic Industry offers Opportunities Galore
Plastic Industry offers Opportunities Galore 20 Domestic Plastic Industry 1 The total plastic consumption in India is around 15 million tonnes and is expected to go up to 25 million tonnes in the next seven years. India’s plastics exports posted a growth of 31.6% at USD 4.59 billion during the perio
Slide 21: Consumption of Plastics has been Increasing Consistently
Consumption of Plastics has been Increasing Consistently 21 Figures in KTA 20000 18000 16000 14000 12000 10000 8000 6000 4000 2000 0 1990 1995 2000 2005 2010 2016 2018 Source: PLASTINDIA FOUNDATION /Industry Estimate
Slide 22: Enough scope for per capita usage of Plastics to grow in India
Enough scope for per capita usage of Plastics to grow in India 22 120 109 100 80 65 60 38 40 32 28 20 11 0 USA Europe China Brazil India World Source: PLASTINDIA FOUNDATION /Industry Estimate
Slide 23: End Usage of Plastics in India Quite Similar to Global Trends
End Usage of Plastics in India Quite Similar to Global Trends 23 Others, 14% Building, 8% Houseware, 10% Packaging, 24% Agriculture, 23% Electronic, 16% Furniture, 1% Transportation, 4% Building Packaging Electronic Transportation Furniture Agriculture Houseware Others Source: PLASTINDIA FOUNDATION
Slide 24: Our Future Growth Strategy
Our Future Growth Strategy 24 New Products Higher Capacity Utilization Margin Improvement Higher ROCE New Customers Expanded foot print
Slide 25: Focus Areas For Future Growth
Focus Areas For Future Growth 25 Hospital Furniture Auto Components Customised Moulding As per industry reports the health care The auto component Industry has Customized plastic moulding allows for sector will need investments of $245 been growing at 10-12%, India has also great design flexibility
Slide 26: Precautions Taken At Factory For Sanitization
Precautions Taken At Factory For Sanitization 26
Slide 27: COVID - 19 Supplies Range
COVID - 19 Supplies Range 27 Strong Demand for the Liquid Containers Dontouch Corona Sword
Slide 28: Last 5 Years Financial Performance Highlights
Last 5 Years Financial Performance Highlights 28 Revenue EBITDA & PAT EBITDA PAT 138.87 16.18 124.99 112.56 94.16 88.83 10.80 9.90 8.15 8.42 3.66 3.98 3.47 2.44 1.91 FY 16 FY 17 FY 18 FY 19 FY 20 FY 16 FY 17 FY 18 FY 19 FY 20 In Rs Cr.
Slide 29: Quarterly Performance Highlights YoY
Quarterly Performance Highlights YoY 29 SALES EBITDA & PAT EBITDA PAT 32.84 5.21 32.75 3.11 1.81 0.67 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 In Rs Cr.
Slide 30: Profit & Loss Statement
Profit & Loss Statement 30 Rs In Cr. Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Sales 88.83 94.16 112.27 124.76 138.55 Expenses 80.68 85.74 104.00 114.21 122.69 EBIDTA 8.15 8.42 8.27 10. 54 15.86 EBIDTA( %) 9.17% 8.94% 7.37% 8.45% 11.45% Other Income 0.37 0.64 0.42 0.26 0.32 Interest 4.07 3.84 3.74 4.03 6.3
Slide 31: Balance Sheet
Balance Sheet 31 Rs In Cr. Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Share Capital 2.96 3.53 3.88 4.02 12.07 Reserves 8.85 9.15 18.44 22.53 18.10 Borrowings 35.31 34.45 32.26 49.63 57.26 Other Liabilities 10.54 8.99 14.66 22.50 20.13 Total Liabilities 56.11 56.12 69.24 98.68 107.57 Fixed Assets 21.83 23.76
Slide 32: Quarterly Performance
Quarterly Performance 32 Rs In Cr. June-20 March-20 June-19 Sales 32.56 36.59 32.69 Other Income 0.28 0.14 0.05 Expenses 30.28 35.05 32.03 EBITDA 5.21 4.41 3.11 EBITDA (%) 15.86 12.01 9.49 Interest 1.58 1.66 1.46 Depreciation 1.07 1.08 0.93 Profit before tax 2.56 1.67 0.71 Net Profit 1.81 1.13 0.67
Slide 33: Awards & Accolades
Awards & Accolades 33 Mr. Sanjay Dedhia Jt MD & Mr. Manish Dedhia, Jt MD & CFO of Mitsu Chem Mr. Manish Dedhia, Jt MD & CFO of Mitsu Chem Plast Ltd receiving the Plast Ltd receiving the ‘ET Polymers Award’ – 2020 ‘Top100 SME Award’ – 2019 from Mr Nitin Gadkari, Union Minister of MSME Excellence In P
Slide 34: Thank You
Thank You For further details please contact Vastupal Shah Drishti Thakker vastupal@kirinadvisors.com investor@mitsuchem.com Kirin Advisors – Investor Relations Mitsu Chem Plast Ltd. 103-A, Bal Ganesh Tower CHS, 329, Gala Complex, Dada Patil wadi, Din Dayal Upadhyay Thane West – 400 602 Road, Mulund