Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — FY2018 Earnings Presentation
32 slides from Shree Pushkar Chemicals & Fertilisers's earnings presentation, June 2018
Slide 1: Shree Pushkar Chemicals & Fertilisers Ltd. Investor Presentation
Shree Pushkar Chemicals & Fertilisers Ltd. Investor Presentation June 2018 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shree Pushkar Chemicals & Fertilisers Limited Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purch
Slide 3: FY18 Financial Highlights
FY18 Financial Highlights Total Revenue Consistently Improving Performance 29% Rs 395 Crs • Dyestuff contribution of 26% in revenue • Textile chemicals slowly catching up with demand EBITDA Better operating leverage 18% Rs 61 Crs • Improved Product Mix Performance in Line PAT 21% Rs 37 Crs • Consist
Slide 4: Re-organisation in Kisan Phosphates
Re-organisation in Kisan Phosphates Total Revenue from operations EBITDA PAT (Rs in Cr) 45.6 5.5 1.9 1.7 35.7 4.7 4.0 25.2 0.2 FY17 FY18 FY18* FY17 FY18 FY18* FY17 FY18 FY18* *Share attributable to Shree Pushkar Acquisition of Kisan Phosphates effective from 12th October 2017 Steps Taken for Re-orga
Slide 5: Higher Contribution from Dyestuff Business
Higher Contribution from Dyestuff Business (Rs in Cr) 101.2 201.2 196.4 200.3 165.4 171.4 128.1 40.2 FY17* FY18* FY13 FY14 FY15 FY16 FY17* FY18* Dyestuff Dye Intermediates 57.6 54.1 16.3 48.2 48.7 10.3 10.2 35.1 31.0 7.7 7.7 8.7 FY13 FY14 FY15 FY16 FY17* FY18* FY13 FY14 FY15 FY16 FY17* FY18* Acid Co
Slide 6: Consistent Growth in Business
Consistent Growth in Business (Rs in Cr) Margin % 13.2% 14.0% 11.9% 13.9% 17.5% 15.4% +17% 395.3 61.1 +21% 54.0 308.1 266.5 251.2 210.1 29.4 31.8 34.9 176.6 23.3 FY13 FY14 FY15 FY16 FY17* FY18* FY13 FY14 FY15 FY16 FY17* FY18* Total Revenue from operations EBITDA 10.9% 11.8% 10.6% 12.4% 15.8% 13.9% 4
Slide 7: Q4 & FY18 Financial Highlights
Q4 & FY18 Financial Highlights Particulars (In crores) Q4 FY18 Q4 FY17 Y-o-Y FY18 FY17 Y-o-Y Revenue from Operations (Net of Excise) 120.1 89.0 35.0% 395.3 305.9 29.2% Raw Material 88.0 66.0 272.1 212.2 Employee Cost 5.7 3.0 18.7 12.8 Other Expenses 14.1 5.8 43.4 29.1 EBITDA 12.3 14.2 -13.1% 61.1 51
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY AND LIABILITIES (In Crores) Mar-18 Mar-17 ASSETS (In Crores) Mar-18 Mar-17 Equity Non-current assets Equity Share capital 30.2 30.2 Other equity 206.9 162.8 Property, plant and equipment 161.4 123.1 Sub-total - Shareholders' funds 237.1 193.0 Capital work-in-progres
Slide 9: FY18 Segmental Highlights
FY18 Segmental Highlights • Sustained contribution from Dyestuff segment to our revenues which has been on the uptrend • Acid Complex Division continues to have higher captive utilization for Dye Revenue Break up FY18 Intermediates in view of additional capacity in Dye Intermediates and production o
Slide 10: Inorganic Expansion in Fertilizers
Inorganic Expansion in Fertilizers Acquired 100% equity of Kisan Phosphate Pvt Limited for Rs. 9+ Crores – Acquisition effective from 12th October 2017 • Kisan Phosphate is in similar business segment in separate Existing Capacity at Lotte Parshuram geographical region Existing Capacity with Kisan P
Slide 11: A Winning Formula…
A Winning Formula… Ramping up of higher margin Dyestuff Segment Products spread across 5 segments Undertaken Backward & Forward Integration Single location plant at Lote Parshuram Textile Chemicals steadily catching up with demand Exports to world’s leading dye manufacturers Marketing through +300 d
Slide 12: Evolution of Our Business
Evolution of Our Business 1993 – 2004- 2011 – 2017 & Beyond 2003 2010 2016 • Commenced trading/imports • In 2011, began use of Spent acid With Introduction of textile chemicals • Recycling of effluents from Dye we are gaining better market of chemical products & dye for manufacturing of SSP and Inte
Slide 13: Our Product Portfolio
Our Product Portfolio Our Products Constantly on the improvement Single Super Phosphate (SSP) Gamma Acid, K- Acid, R- based on market response with Soil Conditioner, Mixed granulated Sulphuric Acid, Oleum and Di- Calcium Phosphate Salt, Vinyl Sulphone, Meta over 30 different shades in fertiliser (NP
Slide 14: A Snapshot of Our Infrastructure
A Snapshot of Our Infrastructure Dyestuff & Dye Intermediates Product Capacity in MTA Reactive Dyes 3,000 + 3,000 Fertilizers 2,400 H-Acid +750 Others Product Capacity in MTA Vinyl 2,700 Sulphone +1,000 SSP 2,00,000 K-Acid 960 SOP 20,000 Product Capacity in MTA NPK 18,000 Acids 40,000 Gamma Acid 480
Slide 15: A One Stop Solution
A One Stop Solution All our Plants are at a single location, Lote Parshuram, Maharashtra… Unit 1 – Dye Intermediates Unit 2 – SSP Granulation Plant Unit 3 - New Reactive Dyes Plant Unit 4 - SOP Sulphuric Acid Plant New Application Lab for Testing of Dyes … leading to operational and logistics effici
Slide 16: Persistent Focus on the High Margin Dyestuff Segment
Persistent Focus on the High Margin Dyestuff Segment Revenue* (Rs. In Crs.) As a proportion of our Revenues 310.19 369.34 12.9% Dyes 27.3% Dye Intermediates Fertiliser Others 63.4% 54.1% 18.5% 14.6% 5.2% 4.0% FY17 FY18 Exponential Rise in Dyestuff Segment and Increased captive consumption of Acids a
Slide 17: Our Foray into Dyestuff
Our Foray into Dyestuff Captive Consumption of Raw What are Reactive Dyes? Our Manufacturing Capacity Material • A class of highly coloured organic • Located at our Integrated Complex in • Additional Vinyl Sulphone Capacity of substances Lote Parshuram 1000 MTA commissioned in January 16 and commerc
Slide 18: An Overview of our Dye Intermediates Business
An Overview of our Dye Intermediates Business Revenue in Rs Crores Product offerings for Dyestuff Manufacturers +9% 201 196 200 165 170 Gamma Acid 128 Meta Ureido Aniline H- Acid FY13 FY14 FY15 FY16 FY17 FY18* Vinyl Sulphone K- Acid ❑ One of the few manufactures of wide range of dye intermediates in
Slide 19: Our Fertilisers Division
Our Fertilisers Division Nitrogen Sulphate of Granular Single Soil Conditioner Phosphorus Potash (SOP) Calcium Chloride Superphosphate (SSP) Potassium (NPK) • The main raw materials • NPK fertilizer is primarily • Soil conditioner is a product • SOP is a preferred form • To utilize HCL for SSP are r
Slide 20: Our Marketing Partnerships
Our Marketing Partnerships NPK Fertiliser NPK is sold under Marketing tie-up with DCM Shriram Launched under the brand ‘Shriram Urja Mix’ in the state of Maharashtra SSP Fertilizer Marketing arrangement with DCM Shriram Chemical & Fertilizers for Single Super Phosphate in Maharashtra and Karnataka D
Slide 21: Zero Waste Methodology – Creating Value
Zero Waste Methodology – Creating Value Gamma Acid B –Napthol K - Acid Meta Ureido Aniline R Salt Vinyl Sulphone Effluents Di Calcium Phosphate Sulpho VS H - Acid Effluents Effluents Chloro Sulphonic Acid Soil Conditioner Final Products SSP 21
Slide 22: Our Strengths
Our Strengths Fast Paced Growth in our Dyestuff Zero Waste Chemical Company Segment We do not incur large costs on effluent treatment Substantial increment in the contribution from Dyestuff due to our zero waste model Segment to our Revenue on a quarter on quarter basis Cost Efficiencies Low Financi
Slide 23: Growth Drivers for the Future
Growth Drivers for the Future Environmentally Conscious • A clean track record with no regulatory issues • Continue to recycle our effluents in Plans For Expansion our integrated model and minimize discharge • Reactive Dyes Capacity expanded to Working towards our Brand 6000 MTA We are leveraging ou
Slide 24: Latest Happenings of the Industry
Latest Happenings of the Industry The Dye & Dye Intermediates Industry largely caters to the Textile Industry and is concentrated in China, India and other smaller Asian Countries. The dominance by these countries is further driven by the fact that the global textile industry is also concentrated he
Slide 25: Client Profile
Client Profile Domestic Clients International Clients 25
Slide 26: Key Management
Key Management Punit Makharia Chairman & Managing Director A first generation entrepreneur, he holds a Bachelors in Commerce with a rich business experience of over 2 decades in dealing with chemical and dyes intermediates Gautam Makharia Dilip Shah R Purohit S N Sengupta Ratan Jha Associate Directo
Slide 27: Financials
Financials 27
Slide 28: Key Financial Parameters
Key Financial Parameters (Rs in Cr) Net Debt ROE % 21.1% 16.3% 15.7% 15.4% 13.7% 13.7% 74 58 45 22 -8 -24 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18# Mar-13 Mar-14 Mar-15 Mar-16* Mar-17 Mar-18# Net Debt to Equity ROCE % 24.9% 23.5% 19.6% 17.2% 18.3% 1.4 14.8% 0.9 0.2 0.2 -0.1 0.0 Mar-13 Mar-14 Mar-15
Slide 29: Q4 & FY18 Financial Highlights
Q4 & FY18 Financial Highlights Particulars (In crores) Q4 FY18 Q4 FY17 Y-o-Y FY18 FY17 Y-o-Y Revenue from Operations (Net of Excise) 101.9 89.0 14.6% 370.2 305.9 21.0% Raw Material 75.8 66.0 258.3 212.2 Employee Cost 4.6 3.0 17.0 12.8 Other Expenses 11.8 5.8 37.8 29.1 EBITDA 9.7 14.2 -31.6% 57.1 51.
Slide 30: Balance Sheet
Balance Sheet EQUITY AND LIABILITIES (In Crores) Mar-18 Mar-17 ASSETS (In crores) Mar-18 Mar-17 Equity Equity Share capital 30.2 30.2 Non-current assets Other equity 203.5 162.8 Sub-total - Shareholders' funds 233.7 193.0 Property, plant and equipment 141.8 123.1 Capital work-in-progress 0.3 LIABILI
Slide 31: Historical Profit & Loss
Historical Profit & Loss Particulars (Rs. In Crs) FY18* FY17* FY16 FY15 FY14 FY13 Total Revenue 370.16 305.90 248.70 266.52 210.09 175.98 Other Income 1.78 2.17 2.54 0.29 0.28 0.59 Total Revenue from Operations 371.94 308.07 251.24 266.81 210.37 176.57 Raw Material 258.28 212.22 175.29 195.46 150.58
Slide 32: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Shree Pushkar Chemicals & Fertilisers Ltd Strategic Growth Advisors Pvt. Ltd. CIN: U24100MH1993PLC071376 CIN: U74140MH2010PTC204285 Mr. S N Sengupta, Associate Director Mr. Rahul Agarwal / Ms. Nirali Shah sengupta@shreep
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