Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — Q3 FY22 Earnings Presentation
39 slides from Shree Pushkar Chemicals & Fertilisers's earnings presentation, Feb 12, 2022
Slide 1: Scalable & Sustainable: Q3 & 9MFY22 Investor Presentation
SCALABLE & SUSTAINABLE Unique Zero Waste Company Shree Pushkar Chemicals & Fertilisers Limited Q3 & 9MFY22 Investor Presentation
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shree Pushkar Chemicals & Fertilisers Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or
Slide 3: Index
Index Particulars Page no. Financial Performance 4-9 Competitive Edge 10-20 ESG Initiatives 21-25 Company Overview 26-39 SAFETY SOCIETY ECO-FRIENDLY ENVIRONMENTAL 3
Slide 4: Financial Performance
Financial Performance 4
Slide 5: Key Highlights
Key Highlights Update on Capex & Solar Q3 FY22 (Y-o-Y) 9M FY22 (Y-o-Y) Projects Revenue Revenue 44% 62% 137 Crs 392 Crs Electricity generation commissioned for two solar projects of 2.00 MW_AC/2.60 MW_DC each (Total 5.2 MW_DC) Planned capex of Rs 21 crs out of which Rs 13.29 crs has been incurred. E
Slide 6: Q3 & 9M-FY22 Consolidated Financial Highlights
Q3 & 9M-FY22 Consolidated Financial Highlights Revenue (Rs. in Crs) Revenue EBIDTA (Rs. in Crs) EBIDTA PAT (Rs. PATin Crs) +107% +129% +62% 391.9 60.4 41.5 44% 241.4 46% 37% 29.1 18.1 137.3 19.7 12.4 95.6 13.5 9.0 Q3FY21 Q3FY22 9MFY21 9MFY22 Q3FY21 Q3FY22 9MFY21 9MFY22 Q3FY21 Q3FY22 9MFY21 9MFY22 Gr
Slide 7: Q3 & 9M-FY22 Operational Highlights
Q3 & 9M-FY22 Operational Highlights Sales Volume Chemicals (MT) Fertilisers (MT) Total (MT) +18% -21% -14% 12,824 51,495 62,373 Standalone 10,878 53,524 40,701 -23% -22% -22% 4,837 20,756 3,745 15,919 16,214 12,470 Q3FY21 Q3FY22 9MFY21 9MFY22 Q3FY21 Q3FY22 9MFY21 9MFY22 Q3FY21 Q3FY22 9MFY21 9MFY22 +
Slide 8: Q3 & 9M FY22 Consolidated Profit & Loss Statement
Q3 & 9M FY22 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. in Crs.) Q3FY22 Q3FY21 Y-o-Y Q2FY22 Q-o-Q 9MFY22 9MFY21 Y-o-Y Revenue from Operations 137.3 95.6 44% 136.1 1% 391.9 241.4 62% Cost of Materials Consumed 98.4 49.8 85.5 255.2 130.2 Changes in Inventories -19.2 4.3 -5.0 -22
Slide 9: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. in Crs) 9M-FY22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Revenue from Operations 391.9 354.9 346.3 451.9 395.3 305.9 Cost of Materials Consumed 255.2 199.6 209.6 290.0 295.9 217.6 Changes in Inventories -22.2 12.4 4.8 12.6 -23.8
Slide 10: Competitive Edge
Competitive Edge 10
Slide 11: Unique Positioning
Unique Positioning Fully - Integrated Strong Operating player Cash Flow Unique Zero Diversified Waste Company Product mix Turnaround Capacity Expansion Acquisitions Funded Capex from Environmental, Internal Accruals Social & Governance “One-stop shop” for the Textile Effects industry Fertilizers and
Slide 12: Capacity Expansions
Capacity Expansions Chemicals* (in. MTPA) Fertilisers (in. MTPA) +168% +47% 38,260 5,90,200 4,02,200 2,52,200 2,52,200 14,060 14,060 14,260 FY19 FY20 FY21 FY22-23E FY19 FY20 FY21 FY22-23E All capex funded through Internal Accruals *Excl. Acids Capacity SAFETY SOCIETY ECO-FRIENDLY ENVIRONMENTAL 12
Slide 13: Ongoing Capex to be operational soon – Solar & Unit V
Ongoing Capex to be operational soon – Solar & Unit V Solar Plant Unit V Electricity generation commissioned for two solar projects of 2.00 MW_AC/2.60 MW_DC each (Total 5.2 MW_DC) at Total Capex of Rs. 108 crs of which Rs. 99.47 crs has been Ahmednagar, Maharashtra. Planned capex of Rs 21 crs out of
Slide 14: Capex funded through Internal Accruals
Capex funded through Internal Accruals Zero Debt Company In-house Funding of Capex plans Non-Lien Deposits of ~ Rs. 67.55 crs Unit 5 & Madhya Bharat Plants Unit 1 & Unit 2 Acquisition of Dye-intermediates Solar Power Plant: Total Capex planned Madhya Bharat Revamp Unit 1: Unit 5: capex of Rs. 160-16
Slide 15: Alongside Generating Cash to Support Future Growth
Alongside Generating Cash to Support Future Growth Sufficient cash generated over the years to fund the capex requirements & growth of the business Surplus Cash (Rs. in Crs) OCF / EBIDTA (%) 56 37 83% Cash generated to FY19 manage capex through 19 internal accruals 76 FY20 21 150% Self-sufficient bu
Slide 16: Strong Operating Cash Flows
Strong Operating Cash Flows Operating Cash Flows (Rs. in Crs) OCF / EBIDTA (%) 75.6 150% 55.8 95% 41.2 83% 17.5 34% -4.7 -8% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Sustainable cash flow from operations, self sufficient for any further growth opportunities SAFETY SOCIETY ECO-FRIENDLY ENVIR
Slide 17: Net Cash Company
Net Cash Company Total Debt Cash & Cash Equivalents Net Cash 64.6 68.3 14.6 60.2 11.3 53.8 49.0 7.8 46.7 39.9 22.5 19.8 14.8 -6.8 -44.8 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Net cash company despite of continuous acquisitions and expansion over the years SAFETY S
Slide 18: Pan India Distribution
Pan India Distribution Presence in key states and near to major raw material suppliers Multi-location Manufacturing facilities for efficient supplies Near to End-use market –Customer’s for fertilizers & crop protection from our 14 offices across India Strategic located manufacturing units offering n
Slide 19: Diversified Product mix
Diversified Product mix Dye Animal Health & Dyestuff Fertilisers Acid Complex Nutrition Intermediates • Gamma Acid • Single Super Phosphate • K- Acid (SSP) • Sulphuric Acid • Specialty Dyes • R-Salt • Soil Conditioner, • Oleum • Di- Calcium Phosphate • Vinyl Sulphone • Nitrogen Phosphorus (DCP) • Me
Slide 20: Turnaround of Acquisitions
Turnaround of Acquisitions Revenue(Rs. Revenue (Rs.in inCrs) Crs) ❖ Acquired 100% in 2020-21 ❖ Engaged in the manufacturing of Single Super +15% 89.2 Phosphate along with Animal health & nutrition 70.1 62.0 Madhya Bharat 45.6 51.7 ❖ Acquisition was primarily done to grow and Phosphates Pvt Ltd stren
Slide 21: ESG Initiatives
ESG Initiatives 21
Slide 22: Environmental, Social & Governance
Environmental, Social & Governance Company reduced 11% of Company reduced 15% of •Carbon/ Green House Gas energy consumption over the coal consumption over the last 5 years last 5 years emissions reduction by 7% Renewable energy – Water usage reduction – Reduction of Plastic 5.2 MW_DC solar plant 17
Slide 23: Environmental, Social & Governance
Environmental, Social & Governance An Initiative towards Conservation of Resource Reduction in Energy Conservation of Water Reduction in Plastic Hazardous/Toxic Waste Consumption Consumed Consumption Management • Installed a captive power plant based • Substandard acidic effluents by- • Currently pa
Slide 24: Environmental, Social & Governance
Environmental, Social & Governance Provides Maternity leaves, Group Insurance, PF system & Gratuity Schemes Holds regular fire drills & safety drills for the employees & laborers of the factory. provision for first aid on every site, & people are trained in case of an emergency The site also has an
Slide 25: CSR Initiatives
CSR Initiatives SHREE PUSHKAR FOUNDATION SHREE PUSHKAR FOUNDATION (“the Foundation”) registered under the Bombay Public Trusts Act, 1950 and was established in 2019 with a vision to boosting our CSR initiatives Company undertakes various initiatives such as education for under privileged, health and
Slide 26: Company Overview
Company Overview 26
Slide 27: Shree Pushkar Chemicals & Fertilisers at a Glance
Shree Pushkar Chemicals & Fertilisers at a Glance SHREE PUSHKAR thrives to take care of the people and the environment and strongly believe in the concept of ‘True Sustainability’ • Started manufacturing Dye Intermediates in 2001 and dyes in 2016, These factors that make us truly sustainable have Fu
Slide 28: Journey so far
Journey so far Commenced Trading Backward integration Started Manufacturing Forward Integration Launched ‘Dyecol’ ✓ Importing of chemical ✓ Started Manufacturing in- Single Super Phosphate ✓ Up the product value chain ✓ Our Range of Reactive Dyes products and dye house raw material and (SSP) & Soil
Slide 29: Chemical Business
Chemical Business Acid Complex Dye Intermediates Dye stuff Compound capable of Single product in 2001 to over 10 Own established brand of neutralizing alkalis products now Reactive Dyes • One of the leading manufacturer of reactive dyes • Wide portfolio under one roof like H-Acid, VS, K- primarily u
Slide 30: Chemical Business: Capacity Build up and Revenue
Chemical Business Capacity Build up (MTPA) Dye Stuff 32,260 Dye Intermediates 8,060 8,060 8,060 8,060 8,060 8,260 4,910 6,000 6,000 6,000 6,000 6,000 6,000 3,600 0 2015 2016 2017 2018 2019 2020 2021 2022-23E Dye Intermediates* (Rs. in Crs) Dye Stuff (Rs. in Crs) Total (Rs. in Crs) Revenue from Opera
Slide 31: Fertiliser Business
Fertiliser Business Among the Top 5 manufacturer of SSP in India Fertilisers ▪ Portfolio consists of more than 15 types of different grades of Fertilizers ▪ Own distribution and dealership network mainly in the states of Haryana, Punjab, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Mahar
Slide 32: World class Manufacturing facilities
World class Manufacturing facilities Strategically Located Manufacturing Plants… Unit 1: Acids, Dye Unit 2: Fertilizers SSP, NPK & Unit 3: Reactive Dyes & Dye Unit 4: Fertilizers SOP Intermediates & Animal Health Soil Conditioners Intermediates & Calcium Chloride & Nutrition Unit 5: Dye Intermediari
Slide 33: R&D Breakthroughs
R&D Breakthroughs • Fully integrated, research based, innovative chemical and fertilizers manufacturing Company having our own Research and Development team working relentlessly towards product development • Strong R&D team who strive to make all the difference with their specialized skills and dedi
Slide 34: Well balanced forward & backward integrated plant
Well balanced forward & backward integrated plant • Effectively manages its raw material and ensures a constant Integrated supply of consistent quality due Cost Efficiencies & to its vertical business Chemical Company integration Operating Leverage • Forward & Backward integration ensures continuous
Slide 35: Certifications
Certifications • “Bluesign” accreditation, which is recognized amongst the best in the world and the Company has earned the status of “System Partner” international environmental guidelines Certifications complying with local and • The BlueSign system is the solution for a sustainable textile produc
Slide 36: Experienced Board of Directors
Experienced Board of Directors • Holds a Bac helor’s degree in Commerce from Mumbai University and has more • He holds a Bachelor’s degree in Electronics and Telecommunicatio ns from Mumbai than 2 decades of experience in the chemic al industry and specializes in the University and Master’s degree i
Slide 37: Key Management Team
Key Management Team Mr. Punit Makharia Mr. Gautam Makharia Mr. Deepak Beriwala Mr. Dilip Shah Mr. R Purohit Chairman & Managing Director Jt. Managing Director CFO GM – Export Import GM Marketing–Fertilizer First generation entrepreneur, BE in Electronics and MBA from Chartered Accountant & Company h
Slide 38: Our Core Strengths: Our Expertise
Our Core Strengths: Our Expertise Inorganic Growth Fast Paced Growth in Pan India Presence Dyestuffs Low Financial Cost Efficiencies Leverage Zero Waste Business Own Power Generation Model Internal Logistics Fleet SAFETY SOCIETY ECO-FRIENDLY ENVIRONMENTAL 38
Slide 39: Thank You
Thank You Company : Investor Relations Advisors : Shree Pushkar Chemicals & Fertilisers Limited Orient Capital (a division of Link Group) CIN: L24100MH1993PLC071376 Mr. Faraz Ahmed: +91 9619705150 Mr. Nitesh Pangle- Compliance Officer & faraz.ahmed@linkintime.co.in Company Secretary Mr. Rajesh Agraw
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