India Pesticides Ltd. · NSE:IPL
India Pesticides — Q3 FY23 Earnings Presentation
16 slides from India Pesticides's earnings presentation, Feb 5, 2023
Slide 1: Filing cover letter to stock exchanges
INDIA PESTICIDES LIMITED An ISO 9001:2015, 14001:2015, 45001:2018 and 10002:2018 Company CIN No. L24112 UP1984PLC006894 IPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPL
Slide 2: India Pesticides Limited Q3 FY23 Earnings Presentation
INDIA PESTICIDES LIMITED Q3 FY23 EARNINGS PRESENTATION www.indiapesticideslimited.com
Slide 3: Performance Highlights
Performance Highlights 9M FY23 Q3 FY23 27.2% 16.1% 9M 9M Q3 Q3 Total Revenue EBITDA Total Revenue EBITDA INR 1,650 mn INR 511 mn INR 6,970 mn Margin | 23.7% INR 2,222 mn Margin | 23.0% 9M 9M Q3 Q3 EBIT PAT EBIT PAT INR 1,567 mn INR 1,131 mn INR 481 mn INR 348 mn Margin | 22.5% Margin | 16.2% Margin
Slide 4: Performance Highlights
Performance Highlights Consistent growth across products “Despite the inflationary pressure, our margins saw an improvement on QoQ basis due to improved operational efficiencies and cost pass-through. The company performed well with a 16.1% YoY revenue growth, driven by higher demand for existing pr
Slide 5: Q3 FY23 Performance Highlights
Q3 FY23 Performance Highlights Revenue growth of 16.1%; Decline in margins due to spike in raw material and energy cost Rs in Million Total Income Gross Profit 55.5% 45.9% 1,914 2,222 1,062 1,020 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 EBITDA PAT 32.7% 22.6% 23.0% 15.7% 626 511 432 348 Q3 FY22 Q3 FY23 Q3 FY
Slide 6: Performance Summary
Performance Summary Delivering sustainable growth despite various macroeconomic challenges Y-o-Y Change Y-o-Y Change (Rs. Million) Q3 FY23 Q3 FY22 9M FY23 9M FY22 (%) (%) Total Income 2,222 1,914 16.1% 6,970 5,478 27.2% Gross Profit 1,020 1,062 (3.9)% 3,211 3,008 6.8% Gross Margin (%) 45.9% 55.5% 46
Slide 7: Revenue Break-up
Revenue Break-up Technicals + APIs constitute 84% and 79% of total revenue during Q3 FY23 and 9M FY23 respectively Rs in Million Technicals +API Revenue Share 5409 5,506 16% 5,068 3,833 FY20 FY21 FY22 9M FY23 Q3 Formulation FY2023 84% 1753 1,358 1,464 Techinical + API Formulations 947 FY20 FY21 FY22
Slide 8: India Pesticides At a Glance
India Pesticides At a Glance Diversified product offerings, ability to develop client specific molecules quickly and efficiently 2 • An R&D driven chemical manufacturer of Agro-Technicals & APIs, along with growing Active Manufacturing Formulation's business Facility • Focus on quality and sustainab
Slide 9: Business Overview
Business Overview Sole Indian manufacturer of certain Technicals and among the leading manufacturers globally for Captan, Folpet and Thiocarbamate Herbicide, in terms of production capacity Key Technicals Category Application Prosulfocarb Herbicide Used in field crops, such as, wheat and potatoes Pr
Slide 10: Manufacturing Facility and Sales Network
Manufacturing Facility and Sales Network Regular inspection of manufacturing facilities by international clients, external governing authorities and internal team for QA & HSE systems for their products, facilitates continuous improvement in operations & processes Manufacturing Facilities Plants as
Slide 11: Capacity and Product Portfolio Expansion
Capacity and Product Portfolio Expansion Consistent efforts towards generating and serving future potential demand Upcoming Expansion and Product + 500 MT Technical Launch Capacity • Sandila Technical Capacity : • Hamirpur project EIA report 19,400 accepted by MOEF & meeting • Capex outflow of Rs. 7
Slide 12: Strengths & Strategies
Strengths & Strategies Product portfolio and capacity expansion will be driving factors for growth Strength Strategy •Leveraging R&D capabilities •Continuous improvement on on existing & upcoming sustainability initiatives Strong R&D and product development capabilities products & processes •Strengt
Slide 13: Our CSR Involvement
Our CSR Involvement E The project developed 5 food forests in Lucknow and the events were held as source of Nutrition Garden & education on environment protection. Instead of conducting activities as a one-day Food Forest activity, regular field visit and constant monitoring to ensure proper growth
Slide 14: Key Takeaways
Key Takeaways Board and Management is committed to continuous growth and sustainability Consistent growth with sustainable margins Net cash company with significant reduction in long term borrowings and increased cash flow from operations Higher return ratios due to efficient capital and asset utili
Slide 15: Disclaimer
Disclaimer Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The company's results may b
Slide 16: India Pesticides Limited corporate office
INDIA PESTICIDES LIMITED Corporate office: Water Works Road, Aishbagh, Lucknow - 226 004, Uttar Pradesh, India +91 522 2653602 www.indiapesticideslimited.com