Gandhar Oil Refinery (india) Limited · NSE:GANDHAR
Gandhar Oil Refinery (india) — Q2 FY2024 Earnings Presentation
28 slides from Gandhar Oil Refinery (india)'s earnings presentation, Dec 18, 2023
Slide 1: Cover letter to stock exchanges: revised investor presentation
December 18, 2023 To, Listing Compliance Department Listing & Compliance Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Mumbai – 400001 Exchange Plaza, 5th Floor BSE Scrip Code: 544029 Plot No. C/1, “G” Block Bandra-Kurla Complex Bandra (E),
Slide 2: Investor Presentation December 2023
Investor Presentation December 2023
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by Gandhar Oil Refinery (India) Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or
Slide 4: Successful IPO Listing
Successful IPO Listing Shareholding Pattern As on 30th November 2023 (Post Issue) Overwhelming subscription of 66 times with a listing day gain of ~76% 20.0% November 2023 3.9% 11.6% 64.6% o Listing done on BSE & NSE o IPO Price: ₹ 169 per share Promoter & Promoter Group FII DII Other Public o Listi
Slide 5: An Insight into Gandhar Oil
An Insight into Gandhar Oil gandhar
Slide 6: Gandhar Oil – Unique Positioning
Gandhar Oil – Unique Positioning India’s Largest White Oil Player Diversified Customer Base Focus on Consumer & Healthcare 01 India’s largest manufacturer of 02 Caters to leading Indian and global 03 PHPO, the largest business white oils in FY231 and one of companies including Procter & division, co
Slide 7: PHPO - Largest Business Division
PHPO - Largest Business Division Key Customers include Leading Indian and Global Companies Key End Applications Products Cosmetics and skin care products White oils, waxes and jellies Ointments and over-the-counter medicines Contributes 54.96% revenues from finished goods sold1 Design and developmen
Slide 8: Serving Diversified Customers across Geographies
Serving to Diversified Customers across Geographies Long Term Relationships with Leading Global and Indian Customers Global Footprint in 100+ Countries across 6 continents PHPO North America Europe Asia Lubricant PIO TOSHIBA Africa Australia South America Large Customer Base with High Customer Loyal
Slide 9: Strategies Fueling Growth and Performance in the Recent Years
Strategies Fueling Growth and Performance in the Recent Years Strengthening Customer Base Technological Upgradation Gandhar’s growth is the result of ▪ Equipped manufacturing facilities with advanced ▪ Increase in share of business with existing technological capabilities, including SCADA, jet- cust
Slide 10: Strengths That Elevate Our Performance
Strengths That Elevate Our Performance
Slide 11: Largest Manufacturer of White Oils in India
Largest Manufacturer of White Oils in India1 Leading Player in the White Oil Industry1 With Significant Revenue from Overseas Sales Revenue from Overseas sales (INR mn) Breakdown of overseas sales – FY23 CAGR 71.22% Europe #1 player in India in Top 5 player globally in Africa 2% FY232 CY22 21,733.50
Slide 12: Strategically Located Manufacturing Facilities and R&D Capabilities
Strategically Located Manufacturing Facilities and R&D Capabilities Operates Two Manufacturing Facilities in Western India and One in UAE Sharjah Key highlights of the manufacturing facilities 235,294 kL o Facilities equipped with advanced technological capabilities, including jet-mixing and fast-un
Slide 13: Resilient Business Model with Prudent Risk Management Framework
Resilient Business Model with Prudent Risk Management Framework Risk Management Framework Commodity Price Risk Foreign Exchange Risk Credit Risk Liquidity Risk • For the supply arrangements with • Hedging and risk management • Gandhar has a diversified customer • As on 30 September 2023, Gandhar key
Slide 14: Diversified Product Range catering to Diverse industries
Diversified Product Range catering to Diverse industries Products End Industries Personal care, Healthcare and Performance Oils (‘PHPO’) White oil Waxes Petroleum jelly Consumer Healthcare Chemicals and plastics 54.96%1 Lubricant 25.03%1 Industrial machines and Automobile oil Industrial oil Automobi
Slide 15: Experienced Board of Directors and Leadership Team
Experienced Board of Directors and Leadership Team Ramesh Parekh Samir Parekh Aslesh Parekh Indrajit Bhattacharyya Chairperson & Managing Director Vice Chairperson & Joint Managing Director Joint Managing Director Chief Financial Officer • Founder of the company with 30 years of • 19+ years of exper
Slide 16: Industry Insights & Emerging Opportunities
Industry Insights & Emerging Opportunities
Slide 17: Overview of the Global and Indian Specialty Oil Market
Overview of the Global and Indian Specialty Oil Market The growing specialty oil market both in India and global White Oil market is the fastest growing segment of the markets serves as key opportunity area for Gandhar Indian specialty oil market 2022 specialty oil market 2022 white oil market India
Slide 18: White Oil is the Fastest Growing Segment of the Indian specialty oil market
White Oil is the Fastest Growing Segment of the Indian specialty oil market White mineral oil is used in various industries Key growth drivers White oil application overview in 2022 Favourable demographics Rising disposable income 6.7% Rising urbanisation will support job creation, Growing emphasis
Slide 19: Roadmap for Next Level of Growth
Roadmap for Next Level of Growth
Slide 20: Key Strategies for Future Growth
Key Strategies for Future Growth Strengthen our customer base Enhanced focus on the Continue to increase overseas by growing existing customer Strengthen our manufacturing consumer and healthcare sales by strategically expanding business and acquiring and R&D capabilities end-industries product offe
Slide 21: Financial Highlights
Financial Highlights
Slide 22: Track Record of Consistent Financial Performance (1/2)
Track Record of Consistent Financial Performance (1/2) Witnessed strong growth from FY21 to FY23 Growing manufacturing gross margin spreads EBITDA (INR mn) Manufacturing Gross Margin Spread (INR/kL) 10,977 9,736 11,440 10,837 10,060 10,438 40,806 3,177 33,891 2,675 2,486 5,243 4,567 20,639 20,714 3,
Slide 23: Track Record of Consistent Financial Performance (2/2)
Track Record of Consistent Financial Performance (2/2) Profit After Tax (INR mn) Industry-leading return profile1 2,139 61.2% 1,843 53.2% 1,611 47.0% 39.4% 41.2% 32.3% 1,023 542 481 FY21* FY22* FY23 # Q1FY24 # Q2FY24# H1FY24 # FY21* FY22* FY23# ROE ROCE Working Capital Cycle 70 62 60 53 56 47 49 48
Slide 24: Q2 & H1 FY24 Profit & Loss Statement
Q2 & H1 FY24 Profit & Loss Statement Particulars (₹ in Mn) Q2 FY24 Q1 FY24 H1 FY24 FY23 Revenue from Operations 10,010 10,704 20,714 40,806 Cost of Material Consumed 8,870 8,676 17,545 33,260 Purchases of stock in trade 40 812 853 2,146 Change in Inventories of Finished goods & Work in Progress -120
Slide 25: Historical Profit & Loss Statement
Historical Profit & Loss Statement Particulars (₹ in Mn) FY21* FY22* FY23# Revenue from Operations 20,639 33,891 40,806 Cost of Material Consumed 13,907 23,823 33,260 Purchases of stock in trade 3,253 5,725 2,146 Change in Inventories of Finished goods & Work in Progress -317 -224 156 Total Raw Mate
Slide 26: Historical Balance Sheet
Historical Balance Sheet Equity & Liabilities (₹ in Mn) FY21* FY22* FY23# H1FY24# Equity (a) Equity share capital 160 160 160 160 (b) Other equity 3,540 5,251 7,093 8,046 Equity attributable to equity holders of the parent 3,700 5,411 7,253 8,206 Non‐controlling interests 57 196 349 471 Total Equity
Slide 27: Historical Balance Sheet
Historical Balance Sheet Assets (₹ in Mn) FY21* FY22* FY23# H1FY24# Non ‐ Current Assets Property, plant and equipment 1,582 1,583 1,747 1,892 Capital work‐in‐progress 216 440 727 886 Right of use assets 239 290 425 477 Goodwill on Amalgamation - 3 3 3 Intangible assets 13 12 11 10 Investment Proper
Slide 28: Thank You
COMPANY : Gandhar Oil Refinery (INDIA) Ltd CIN : U23200MH1992PLC068905 Ms. Jayshree Soni Email: investor@gandharoil.com www. gandharoil.com INVESTOR RELATIONS ADVISORS : Orient Capital (a division of Link Group) Mr. Nikunj Jain Mr. Amar Yardi +91 9769060608 +91 7045121239 nikunj.jain@linkintime.co.i
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