Sportking India Ltd. · NSE:SPORTKING
Sportking India — Q4 FY24 Earnings Presentation
35 slides from Sportking India's earnings presentation, Apr 29, 2024
Slide 1: Sportking India Ltd. filing letter to stock exchanges
Sp~rt~iqCJ INDIA LTD. (Govt. Recognised Four Star Export House) Regd.&CorporateOffice: Vill. Kanech, Near Sahnewal, G.T. Road, Ludhiana·141120 Ph. (0161) 2845456 to 60 Fax: 2845458 Admn. Office : 178, Col. Gurdial Singh Road, Civil Lines, Ludhiana·141001 Ph. (0161) 2770954 to 55 Fax: 2770953 E-mail:
Slide 2: Investor Presentation – April 2024
SPORTKING INDIA LTD. Investor Presentation – April 2024
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sportking India Ltd (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Q4 & FY24 - Financial Performance
Q4 & FY24 - Financial Performance
Slide 5: Quarterly Highlights
DELIVERED CONSISTENT FINANCIAL PERFORMANCE (Q4 FY24) Revenue from Export Businesses Revenue from Operations* 14.5% (Rs. in crores) Rs. 611 crores +15% Quarterly Highlights 287 250 217 GROSS PROFIT EBITDA Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Rs. 147 crores Rs. 67 crores Margin at 25% Margin at 11% Q4 FY24
Slide 6: Full Year Highlights
DELIVERED CONSISTENT FINANCIAL PERFORMANCE (FY24) Revenue from Export Businesses Revenue from Operations* 7.8% (Rs. in crores) Rs. 2377 crores +12% 1,119 Full Year Highlights 1,002 GROSS PROFIT EBITDA FY24 Rs. 517 crores Rs. 205 crores FY23 FY24 Margin at 22% Margin at 9% FY24 Revenue Contribution E
Slide 7: Q4 FY24 Performance (Y-o-Y & Q-o-Q)
Q4 FY24 PERFORMANCE (Y-o-Y & Q-o-Q) Revenue from Operations (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) +15% +20% -26% 599 611 67 31 534 56 49 23 14 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 PAT Gross (Rs. Profit in Crs) % EBITDA % PAT % +123 bps +54 bps 22.7% 22.
Slide 8: FY24 Performance (Y-o-Y)
FY24 PERFORMANCE (Y-o-Y) Revenue from Operations (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) 2,377 279 132 2,205 205 70 FY23 FY24 FY23 FY24 FY23 FY24 Gross Profit % EBITDA % PAT % 24.6% 12.6% 6.0% 21.8% 8.6% 3.0% FY23 FY24 FY23 FY24 FY23 FY24 7
Slide 9: Q4 & FY24 Profit & Loss
Q4 & FY24 PROFIT & LOSS Profit & Loss statement (Rs. in Crs) Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operation 611.2 533.7 14.5% 598.7 2.1% 2377.1 2,205.0 7.8% Raw Material Cost 415.2 380.1 434.1 1702.6 1,557.9 Purchase of Finished goods 0.0 0.0 0.0 0.8 0.9 (Increase) / Decr
Slide 10: Balance Sheet Statement
BALANCE SHEET STATEMENT Equity & Liabilities (₹ in Cr) Mar-24 Mar-23 Assets (₹ in Cr) Mar-24 Mar-23 Equity Share Capital 12.9 13.4 Property, plant and equipment 785.1 756.1 Other Equity 889.6 886.3 Capital Work-in-Progress 0.0 6.6 Total Equity 902.4 899.7 Right of Use Asset 0.5 0.6 Financial liabili
Slide 11: Cash Flow Statement
CASH FLOW STATEMENT Cash Flow Statement (Rs. Crs.) Mar-24 Mar-23 Cash Flow from Operating Activities Profit before Tax 95.9 189.5 Adjustment for Non-Operating Items 147.0 97.2 Operating Profit before Working Capital Changes 242.9 286.7 Changes in Working Capital -455.8 300.0 Cash Generated from Oper
Slide 12: Business Overview
Sportking Business Overview
Slide 13: Overview
OVERVIEW Established in 1989 Presence in 30+ countries Committed to create High Owns 3 State of the art manufacturing facilities Quality end products Compliance with Diversified Product International Quality Range recognition standards Manufacturing facilities with Focus on High Modern Technology Ma
Slide 14: Journey So Far
JOURNEY SO FAR Successful expansion at Bathinda Unit adding 68K+ spindles with state-of-the-art plant for Setting up of a Dye manufacturing of cotton compact yarn achieving a total overall House for dyeing/ spinning capacity 274K+ spindles. processing of textile Installed 6K+ yarn fibers Spindles fo
Slide 15: Presence Across the Globe
PRESENCE ACROSS THE GLOBE Geography Wise Revenue Break-up Canada Germany Q4 FY24 Belgium USA Italy Portugal South Korea Spain China Morocco Rs. 250 59.2% Tunisia Mexico Egypt 40.8% crores Hong Kong Macao Bangladesh Vietnam Panama Columbia Ethiopia Thailand Malaysia Sri Lanka Domestic International K
Slide 16: Manufacturing Facilities & Capacities
MANUFACTURING FACILITIES & CAPACITIES Units Manufacturing Installed Capacities Acrylic/Blended Acrylic Unit I - Spinning Unit Polyester Yarn/ Blended 65,904 Spindles Polyester Cotton yarn Support to Unit No. I & III for their synthetic Unit II - Dye House 15-20 MTPD fibre/ yarn dyeing processing Com
Slide 17: Technological Edge
TECHNOLOGICAL EDGE ▪ Technologically advanced machineries to support our manufacturing infrastructure ▪ Robust control practices in place to ensure consistent quality of our products ▪ Use of modern testing instruments such as: ₋ HVI ₋ AFIS ₋ Uster Classimat ₋ Uster Tensest ₋ Uster Hairiness tester
Slide 18: Strategic Advantages
STRATEGIC ADVANTAGES Rail & Roads : Helps in better connectivity Inland Container Depot(ICD): ICD at with other parts of India. Bathinda/Ludhiana for import/export clearances & regular road transport/train service availability between company’s unit/ICD and different seaports. Add Text Here Add Text
Slide 19: Product Range
PRODUCT RANGE 100% Cotton Yarns ▪ 100% cotton combed compact yarns in normal and sublime quality for knitting and weaving ▪ 100% cotton combed compact slub ▪ 100% cotton combed Eli twist Polyester/Cotton Blended Yarns ▪ Polyester/cotton combed yarns ▪ Polyester/ cotton Melange yarns Fancy Yarns ▪ Ja
Slide 20: Sales & Marketing
SALES & MARKETING Focus on excellence Focus on delivering best & premium quality products to most quality conscious brands and customers . Customer Driven Innovation As a result of changing trends in both domestic & international markets accompanied with customer centric approach, our innovation ini
Slide 21: Marquee Customers
MARQUEE CUSTOMERS The brand names mentioned are the property of their respective owners and are used here for identification purpose only 20
Slide 22: Board of Directors
BOARD OF DIRECTORS Munish Avasthi Naresh Jain Prashant Kochhar Sandeep Kapur Harpreet Kaur Kang Anjali Avasthi Managing Director Executive/Whole Non-Executive Non-Executive Independent Non-Executive Non-Executive Non Time Director Independent Director Director Independent Director Independent Direct
Slide 23: Management Team
MANAGEMENT TEAM • Sandeep Sachdeva is a Qualified Chartered Accountant & Company Secretary with experience of more than 22 years in Sandeep Sachdeva accounting & finance, trading, banking industries covering, handling of Direct and Indirect taxation and various other Chief Financial Officer matters
Slide 24: Certificates & Compliances
CERTIFICATES & COMPLIANCES Global Organic textile Organic Content Standard Standard Oeko-Tex Fairtrade ISO 9001 2015 Global Recycle Standard 23
Slide 25: Way Forward
Way Forward
Slide 26: Indian Textile Sector - Ready for a Transformation
INDIAN TEXTILE SECTOR- READY FOR A TRANSFORMATION India’s textiles sector is at an inflection point The sector can act fast and grab the huge opportunity opening up due to a change in global textile trade patterns. While the opportunity is huge, the government and the industry need to act in coordin
Slide 27: Government Support to Textile Sector
GOVERNMENT SUPPORT TO TEXTILE SECTOR Textile Cluster Development Free Trade Agreements Scheme (TCDS) 01 o Recent FTAs signed between India and UAE, 05 ECTA signed between India and Australia The Indian Textile Ministry is implementing the Textile Cluster Development Scheme (TCDS) from o India is cur
Slide 28: Business Strengths
BUSINESS STRENGTHS Product Range 04 Competitive Prices Well diversified range of products Sportking enjoys price leadership suitable for use in manufacture of status in all of the market segments woven and knitted fabrics for due to its ability to supply high quality summer and winter wear products
Slide 29: Business Updates: Capex Projects Fully Operationalised
BUSINESS UPDATES: CAPEX PROJECTS FULLY OPERATIONALISED Completion of Phase 1 & 2 capacity Rooftop Solar Power Projects at Bathinda Unit expansion Projects at Bathinda Unit Completion of 10 MW Rooftop Solar Power Project at for in house consumption Completion of phase 1 & phase 2 expansion project ▪
Slide 30: Business Updates: Recognition as a Four-Star Export House
BUSINESS UPDATES: RECOGNITION AS A FOUR-STAR EXPORT HOUSE Based on its export performance, Company's recognition has been upgraded to 'Four Star Export House' from 'Three Star Export House' by the Ministry of Commerce and Industry, Government of India in accordance with the provisions of the Foreign
Slide 31: Annexure
Annexure
Slide 32: Capacity Built-up Over the Years
CAPACITY BUILTUP OVER THE YEARS Continuous capacity addition to support robust growth in our business 378,576 63,072 40,800 68,256 -6,520 34,464 Closure of a 24,480 unit(Small capacity) 52,800 28,800 23,232 12,096 17,856 6,520 12,720 1994 1996 1998 2006 2007 2011 2012 2013 2014 2014 2019 2022 2023 T
Slide 33: Historical Financial Charts
HISTORICAL FINANCIAL CHARTS Revenue from Operations (Rs. in Crs) EBITDA (Rs. in Crs) PBT (Rs. in Crs) +9.7% +22.1% +15.4% 2,377 596 547 2,154 2,205 1,355 1,306 1,160 279 211 205 219 129 136 140 96 29 18 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 FY18 FY20 FY21 FY22 FY23 FY24 PAT (Rs
Slide 34: Historical Profit & Loss Statement
HISTORICAL PROFIT & LOSS STATEMENT Profit & Loss statement (Rs. in Crs) Mar’24 Mar’23 Mar'22 Mar'21 Mar'20 Mar'19 Revenue from Operation 2377 2,205 2,154 1,306 1,355 1,161 Raw Material Cost 1703 1,558 1,181 785 901 756 Purchase of Finished goods 1 1 0 0 1 1 (Increase) / Decrease In Stocks 1 -15 -14
Slide 35: Thank You
Thank You Sportking India Limited CIN: L17122PB1989PLC053162 Mr. Devansh Dedhia +91 9930147479 Devansh.dedhia@linkintime.co.in Mr. Lovlesh Verma 01612845456 Mr. Irfan Raeen cs@sportking.co.in +91 9773778669 www.sportking.co.in Irfan.Raeen@linkintime.co.in