Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — Q3 FY25 Earnings Presentation
33 slides from Sharda Cropchem's earnings presentation, Jan 24, 2025
Slide 1: Stock exchange filing cover letter
24th January, 2025 To, National Stock Exchange of India BSE Limited Limited Phiroze Jeejeebhoi Tower, Exchange Plaza, 5th Floor, Plot No. Dalal Street, C/1, Mumbai – 400 001 G-Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Trading Symbol: SHARDACROP Scrip Code: 538666 Subject: Investors /
Slide 2: Investor Presentation January 2025
SECURING HARVESTS, NURTURING FUTURES. Investor Presentation January 2025
Slide 3: Safe Harbor
SAFE HARBOR This presentation has been prepared by and is the sole responsibility of Sharda Cropchem Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or in
Slide 4: About Sharda Cropchem Limited
About Sharda Cropchem Limited
Slide 5: Fast-growing global agrochemicals company
“We are a fast-growing global agrochemicals company with a peer position in the generic crop protection chemicals industry. Our vast and growing library of dossiers and IPRs provide us solid foundations for growth in the global marketplace, especially in Advanced Markets such as Europe, North Americ
Slide 6: Agrochemical Focused Company
AGROCHEMICAL FOCUSED COMPANY Sharda Cropchem is an Intellectual Property (IP) driven company engaged in marketing and distribution of wide range of formulations and generic active ingredients Asset Light Business Model : Efficiently channelizing time and resources for strengthening core competency o
Slide 7: Asset Light Business Model
ASSET LIGHT BUSINESS MODEL Overall Agrochemical Value Chain Sharda’s Operating Area √ √ √ √ Basic & Applied Active Ingredient Formulation & Marketing & Identification Registration Research Manufacturing Packaging Distribution Highly flexible operating model Manufacturing of AIs and Focus on identifi
Slide 8: Increasing Global Presence with a Widespread Distribution
INCREASING GLOBAL PRESENCE WITH A WIDESPREAD DISTRIBUTION CAPEX incurred in Presence Global Resource Distributors 9MFY25* 80+ countries Deployment 525+ Rs. 268 Cr. across Europe, NAFTA, LATAM & RoW 500+ * Plus related revenue expenditure on registrations Over the years, the Company has built a stron
Slide 9: The Sharda Advantage
The Sharda Advantage Healthy Global Reach Wide Product Relationships with Range Suppliers One Stop Solution Quality with Faster Sales Provider for Crop Affordability Service Care Products
Slide 10: Way Forward
WAY FORWARD 1 2 Forward Integration - Build Sales Force Expand & Strengthen Distribution Presence ✓ Leverage market presence and execution capabilities ✓ Adopt the factory to farmer approach and be a one stop ✓ Expand geographical reach using existing library of dossiers solution provider ✓ Two-fold
Slide 11: Industry Outlook & Growth Drivers
INDUSTRY OUTLOOK & GROWTH DRIVERS Global crop protection INDUSTRY DRIVERS (In Billion USD) – CAGR of 4.2% A Growing Population: Global population is set to increase by 1.2 billion by 2030 134.7 and 2 billion by 2050, while the middle class will more than double to 4.9 billion by +4.2% 2030 92.2 A gr
Slide 12: Experienced Management
Experienced Management Mr. Ramprakash V. Bubna Mr. Ashish Bubna Mr. Manish Bubna Chairman & Managing Director Whole Time Director Whole Time Director ✓ Holds a Bachelor’s Degree of Technology in Chemical ✓ Holds a Bachelor’s Degree in Commerce from the ✓ Holds a Bachelor’s Degree in Chemical Enginee
Slide 13: Q3 FY25 Financial Highlights
Q3 FY25 Financial Highlights
Slide 14: Q3 FY25: Segment Wise Highlights
Q3 FY25: SEGMENT WISE HIGHLIGHTS Cr. Agrochemical Segment Non-Agrochemical Segment TOTAL REVENUES 80% 83% 20% 17% % of Revenue 100% 100% +51% +30% +47% 769 160 929 124 508 632 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 On Consolidated Basis 13
Slide 15: Q3 FY25: Product Wise Highlights (Agrochemical Segment)
Q3 FY25: PRODUCT WISE HIGHLIGHTS (Agrochemical Segment) Cr. Herbicides Insecticides Fungicides TOTAL REVENUES (Agrochemical Segment) 55% 61% 23% 19% 22% 20% % of Revenue 100% 100% +68% +26% +37% +51% 469 147 153 769 117 111 508 280 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 14
Slide 16: Q3 FY25: Region Wise Breakup (Agrochemical Segment)
Q3 FY25: REGION WISE BREAKUP (Agrochemical Segment) Cr. Europe NAFTA Region TOTAL REVENUES (Agrochemical Segment) 47% 38% 37% 47% +22% +95% +51% 294 359 769 241 184 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 508 LATAM Region RoW 6% 7% 10% 8% +65% +21% 54 62 50 33 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25
Slide 17: Q3 FY25: Region Wise Breakup (Non-Agrochemical Segment)
Q3 FY25: REGION WISE BREAKUP (Non - Agrochemical Segment) Cr. Europe NAFTA Region TOTAL REVENUES (Non - Agrochemical Segment) 20% 11% 60% 70% +52% +30% -29% 24 113 160 17 75 124 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 LATAM Region RoW 6% 11% 14% 8% +138% -26% 17 18 13 7 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY
Slide 18: Q3 FY25: Financial Highlights
Q3 FY25 : FINANCIAL HIGHLIGHTS Cr. Revenues & GP Margin EBITDA Profit After Tax 32.7% 26.2% +232% +47% 157 31 929 632 47 5 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 ✓ Revenue in Q3 FY25 increased by 47% primarily driven ✓ Gross Margins have improved by 660 basis points to 32.7%. It is expected
Slide 19: 9M FY25 Financial Highlights
9M FY25 Financial Highlights
Slide 20: 9M FY25: Segment Wise Highlights
9M FY25: SEGMENT WISE HIGHLIGHTS Cr. Agrochemical Segment Non-Agrochemical Segment TOTAL REVENUES 77% 84% 23% 16% % of Revenue 100% 100% +46% -4% +35% 427 2,082 409 2,491 1,851 1,424 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25 On Consolidated Basis 19
Slide 21: 9M FY25: Product Wise Highlights (Agrochemical Segment)
9M FY25: PRODUCT WISE HIGHLIGHTS (Agrochemical Segment) Cr. Herbicides Insecticides Fungicides TOTAL REVENUES (Agrochemical Segment) 54% 55% 24% 21% 22% 24% % of Revenue 100% 100% +48% +26% +63% +46% 1,146 438 498 2,082 347 772 1,424 305 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY2
Slide 22: 9M FY25: Region Wise Breakup (Agrochemical Segment)
9M FY25: REGION WISE BREAKUP (Agrochemical Segment) Cr. Europe NAFTA Region TOTAL REVENUES (Agrochemical Segment) 50% 51% 34% 35% +48% +52% +46% 1,062 734 2,082 718 482 9M FY24 9M FY25 9M FY24 9M FY25 1,424 LATAM Region RoW 9% 7% 7% 6% +24% +33% 152 134 123 101 9M FY24 9M FY25 9M FY24 9M FY25 9M FY2
Slide 23: 9M FY25: Region Wise Breakup (Non-Agrochemical Segment)
9M FY25: REGION WISE BREAKUP (Non - Agrochemical Segment) Cr. Europe NAFTA Region TOTAL REVENUES (Non - Agrochemical Segment) 16% 14% 57% 67% +12% -16% -4% 69 245 273 427 58 409 9M FY24 9M FY25 9M FY24 9M FY25 LATAM Region RoW 6% 9% 20% 10% +39% -52% 36 87 26 42 9M FY24 9M FY25 9M FY24 9M FY25 9M FY
Slide 24: 9M FY25: Financial Highlights
9M FY25 : FINANCIAL HIGHLIGHTS Cr. Revenues & GP Margin EBITDA Profit After Tax 30.0% 19.8% 330 +35% 101 2,491 1,851 19 9M FY24 9M FY25 9M FY24 9M FY25 -112 9M FY24 9M FY25 ✓ Revenue in 9M FY25 increased by 35% primarily driven ✓ Gross Margins have improved by 1,020 basis points to 30.0% by higher v
Slide 25: Strong Balance Sheet
STRONG BALANCE SHEET Working Capital (in Days) Total Equity 131 days 158 days 98 days Rs. 2,316 crores 192 Rs. 2,237 crores as on Mar’24 157 144 134 121 123 123 115 91 Cash, Bank & Liquid Investments Rs. 742 crores Dec-23 Mar-24 Dec-24 Rs. 375 crores as on Mar’24 Inventory Days Recievable Days Credi
Slide 26: Annexure
Annexure
Slide 27: Q3 & 9M FY25 Financial Highlights
Q3 & 9M FY25 FINANCIAL HIGHLIGHTS Cr. Particulars Q3 FY25 Q3 FY24 Y-o-Y 9M FY25 9M FY24 Y-o-Y Revenue from Operations 929.3 632.5 47% 2,491.3 1,851.0 35% COGS 625.1 466.9 1,743.6 1,484.1 Gross Profit 304.2 165.6 84% 747.8 366.8 104% Gross Margin % 32.7% 26.2% 30.0% 19.8% Employee Expenses 12.3 9.4 3
Slide 28: Key Financial Performance Indices
KEY FINANCIAL PERFORMANCE INDICES Cr. Revenue EBITDA & EBITDA Margin* Profit After Tax & PAT Margin 17.6% 19.0% 20.4% 17.6% 10.1% 8.2% 9.6% 9.8% 8.5% 1.0% 4,045 3,580 3,163 729 349 713 342 2,396 2,003 455 229 352 318 165 32 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 R
Slide 29: Historical Profit & Loss
HISTORICAL PROFIT & LOSS Cr. Particulars FY24 FY23 FY22 FY21 FY20 Revenue from Operations 3,163.0 4,045.2 3,579.8 2,395.6 2,003.0 COGS 2,342.4 2,860.8 2,499.8 1,636.0 1,388.8 Gross Profit 820.6 1,184.4 1,080.0 759.7 614.3 Gross Margin % 25.9% 29.3% 30.2% 31.7% 30.7% Employee Expenses 42.4 44.8 44.2
Slide 30: Balance Sheet – Equity & Liabilities
BALANCE SHEET – EQUITY & LIABILITIES Cr. Equities & Liabilities FY24 FY23 FY22 FY21 FY20 Shareholder's Funds Equity and Share Capital 90.2 90.2 90.2 90.2 90.2 Other Equity 2,146.9 2,141.8 1,822.2 1,524.1 1,312.6 Non-controlling Interest 0.4 0.4 0.3 0.3 0.3 Total Equity 2,237.5 2,232.4 1,912.8 1,614.
Slide 31: Balance Sheet – Assets
BALANCE SHEET – ASSETS Cr. ASSETS FY24 FY23 FY22 FY21 FY20 Assets Non-Current Assets Property, Plant and Equipment 3.8 5.0 14.4 20.9 27.8 Right to Use Assets 14.4 0.0 - - - Goodwill 0.0 0.0 0.0 0.4 0.4 Other Intangible assets 690.0 663.0 577.4 523.1 388.1 Intangible assets under development 282.9 20
Slide 32: CSR Activities
CSR ACTIVITIES CSR initiatives taken up by the Company are in the areas of Promoting Education, Healthcare, Eradicating Hunger, Empowerment of Women, Animal Welfare, Promotion of Sports and Rural Development Projects Promoting Education Animal Welfare Medical Aid & Relief 31
Slide 33: Thank You
SECURING HARVESTS, NURTURING FUTURES. THANK YOU Company: Sharda Cropchem Limited Investor Relation Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: L51909MH2004PLC145007 CIN: U74140MH2010PTC204285 Mr. Shailesh Mehendale – CFO Mr. Deven Dhruva cfo@shardaintl.com/ finance@shardaintl.com deven.dhruva