Nitin Spinners Limited · NSE:NITINSPIN
Nitin Spinners — Q3 FY2021 Earnings Presentation
35 slides from Nitin Spinners's earnings presentation, Mar 17, 2021
Slide 1: Cover letter to stock exchanges
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Slide 2: Investors Presentation March 2021
Nitin Spinners Limited Investors Presentation March 2021 RESILIENT, RESPONSIVE & RELIABLE
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Nitin Spinners Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Company Overview
Company Overview
Slide 5: A Resilient Organisation
A Resilient Organisation India’s Leading manufacturer of Cotton Yarn, Knitted Fabrics, Greige and Finished Woven Fabrics An ISO 9001:2015 company and a Government of India Recognized Export House Integrated operations with focus on value addition, diversified product Established in 1992 FY20 Revenue
Slide 6: Our Journey
Our Journey Completed Integrated Ring Spinning Capacity Textiles Complex at Doubled to 27,216 Expansion of Spinning Begun District, Spindles and Knitting Completed Expansion & Knitting Capacity by Chittorgarh, by setting Machines to 15 Nos. Program by Installation Installing 72,480 up 76,992 Spindle
Slide 7: Our Competitive Edge
Our Competitive Edge State-of-the-art Building Reliability across Globe manufacturing facilities Domestic Manufacturing plants located in the cotton growing belt giving logistics Achieved higher productivity and and cost advantages efficient utilization on the back of investments in R&D and cutting-
Slide 8: Efficient and Sustainable Manufacturing
Efficient and Sustainable Manufacturing Spindles Rotors Knitting Woven Machines Fabrics 168 Installation of integrated Overall Production Capacity 3,00,048 3,488 63 looms textile unit in Begun 2x 1.2x 1.3x Yarn: 72,000 TPA • Commercial production 1,50,096 2,936 49 on Spinning & Weaving Knitted Fabri
Slide 9: Cost Efficient Operating Model
Cost Efficient Operating Model Our best in-class technology and state-of-art machineries results in cost 01 efficiency, faster turn around and further enhances our efficiency quotient Our ability to reprocess the waste and use that as an input does additional 02 savings of raw material Captive solar
Slide 10: Wide Product Range & End-User Application
Wide Product Range & End-User Application End-User Applications Products Offerings Yarn 100% cotton and blended Ring spun The company offers a Combed and carded yarns, Open end wide range of products yarns, Compact yarns, Slub yarns, core to cater varied spun yarns, multifold yarns yarns made custom
Slide 11: Fortifying Global Presence
Fortifying Global Presence Geographical Distribution of Revenue % 55 64 68 45 36 32 2018 2019 2020 Export Domestic Strong R&D on developing value-added products combined with systematic processes and robust distribution network has allowed us to create value for both global and domestic client base
Slide 12: Preferred Source to Our Customers
Preferred Source to Our Customers INDIA, A PREFFERRED PARTNER Overseas end-user textile and apparel players prefer to source their cotton yarn and fabrics requirements from India PRESENCE IN VALUE ADDED FABRICS Our foray into the Finished Fabric segment has allowed us to tap the exciting growth pros
Slide 13: Fully equipped to add customer value
Fully equipped to add customer value Established and diversified client base, association with various 01 international/domestic agents Customer Base Equipped to offer designs as per 02 fashion forecast Harmonious team spirit in maintaining Design Studio good employee-employer relations 03 Team Buil
Slide 14: Our Clientele Base
Our Clientele Base Domestic International Disclaimer: The Brand Names and respective Logos mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 15: Industry Opportunities
Industry Opportunities Growth drivers for textile sector in FY2022 OUTLOOK Evolving Market Landscape and Business Dynamics Availability of Raw Materials, India has advantage of abundant availability of Raw materials i.e., Cotton and Manmade fibers at international competitive prices. This will Pent
Slide 16: Accreditations
Accreditations Our Quality Certifications The company is having all quality certification as per International Standards The company has also been certified by OEKOTex, Global Organic Textile Standard (GOTS) which prescribes standards for the processing of fibres from certified organic agriculture T
Slide 17: Awards and Recognitions
Awards and Recognitions Texprocil Awards Other Recognitions Silver plaque for the second highest exports of Cotton Yarn counts “UCCI Excellence Award” by Udaipur Chamber of Commerce & 50s and above for the year 2018-19 Industry under the “Large Manufacturing Enterprise” category in year 2017, 2018 a
Slide 18: About Us
About Us
Slide 19: Experienced Promoter Group
Experienced Promoter Group Mr. R. L. Nolkha Mr. Dinesh Nolkha Mr. Nitin Nolakha Senior professional with FCA, FCS & FCMA Professionally Qualified with FCA & A Management graduate with more Qualifications with more than 45 years of in- FCMA with about 29 Years of Industrial than 20 Years of Industria
Slide 20: Board of Directors
Board of Directors Mr. R. L. Nolkha Mr. Dinesh Nolkha Mr. Nitin Nolakha Board Chairman Managing Director Joint Managing Director Mr. Y. R. Shah Mrs. Aditi Mehta Dr. R. Chattopadhyay Independent Director Independent Director Independent Director 19
Slide 21: Vision & Mission
Vision & Mission Vision Mission Become integrated textiles manufacturer by forward and vertical To be the most reliable supplier across textile value chain integration Provide superior quality products at competitive prices and Remain in high-quality textile products manufacturing establish a brand
Slide 22: Responsible Corporate Citizen
Responsible Corporate Construction of toilets Free health check-up Contribution to Installation of energy- Construction of Promoting education of as a part of Swachh and awareness camps Confederation of efficient equipment. Women hospital in differently-abled Bharat Abhiyan Textiles industries (CTI)
Slide 23: Contributing to Sustainable Development Goals
Contributing to Sustainable Development Goals Contributing to the Sustainable Development Goals adopted by all the UN Member 4. States in 2015, as a part of the 2030 Agenda for Sustainable Development 22
Slide 24: Financial & Operational Overview
Financial & Operational Overview
Slide 25: Growing contribution of Value-added while focusing on Core
Growing contribution of Value-added while focusing on Core Rs in Crores 1,438 Steady increase in sales of Cotton Yarn over FY18-FY20 1,242 1,055 Added the value-added segment 1,145 of Woven fabrics and Finished 1,113 Fabrics in FY20 984 Cotton Yarn 880 761 Achieved sales of 15.97 mn Meters of Woven
Slide 26: Growing contribution of Value-added while focusing on Core
Growing contribution of Value-added while focusing on Core FY 19-20 9M - FY21 Others Others 7% 7% Woven Fabrics Woven Fabrics 9% 14% Knitted Fabrics 11% Knitted Fabrics 11% 68% Cotton Yarn 73% Cotton Yarn 25
Slide 27: Building Strong Asset Base
Building Strong Asset Base Steadily Expanding the assets Portfolio by adding plants to focus on Value-added Fabrics PLANT NEW PLANTS Rs in Crores 1,611 910 917 898 Increasing contribution of VALUE-ADDED PRODUCTS 621 625 CATER to INTERNATIONAL 379 MARKETS BETTER Profitability FY14 FY15 FY16 FY17 FY18
Slide 28: Operational Matrix
Operational Matrix Cotton Yarn Production (MT) Knitted Fabrics Production (MT) 61,315 7,526 6,996 49,216 6,310 47,138 46,390 5,182 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 Woven Fabric Production (Mn Mtrs) Finished Fabric Production (Mn Mtrs) 19.70 8.83 16.85 2.63 FY20 9MFY21 FY20 9MFY21 27
Slide 29: Quarterly Financial Highlights
Quarterly Financial Highlights Revenue from Operations EBITDA PAT (Rs in Crs) (Rs in Crs) (Rs in Crs) 1,113 153 26 1,058 23 115 17 74 467 402 42 6 Q3FY20 Q3FY21 9MFY20 9MFY21 Q3FY20 Q3FY21 9MFY20 9MFY21 Q3FY20 Q3FY21 9MFY20 9MFY21 Gross Margin EBITDA Margin PAT Margin (%) (%) (%) 41.3% 40.2% 15.9% 5
Slide 30: Historical Financial Highlights
Historical Financial Highlights Revenue from Operations EBITDA PAT (Rs in Crs) (Rs in Crs) (Rs in Crs) +17% 1,438 178 170 64 1,243 155 57 1,145 137 52 133 933 44 767 24 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Average ROCE Average ROE Net Worth (%) (%) (Rs in Crs) 1
Slide 31: Quarterly Profit and Loss Statement
Quarterly Profit and Loss Statement Particulars (Rs. Crores) Q3FY21 Q3FY20 Y-o-Y Q2FY21 Q-o-Q 9M FY21 9M FY20 Y-o-Y Revenue from Operations 467 402 427 1,113 1,058 Total Revenue 467 402 16.0% 427 9.3% 1,113 1,058 5.2% Cost Materials Consumed 265 239 229 668 688 Change in Inventories 9 23 41 -2 -2 To
Slide 32: Historical Profit and Loss Statement
Historical Profit and Loss Statement Particulars (Rs. Crores) FY20 FY19 FY18 FY17 FY16 Revenue from Operations 1,438 1,243 1,145 933 767 Total Revenue 1,438 1,243 1,145 933 767 Cost Materials Consumed 922 789 714 617 462 Commencement of commercial Change in Inventories -2 -7 13 -28 2 production at n
Slide 33: Balance Sheet
Balance Sheet Particulars (Rs. Crores) H1 FY21 FY20 FY19 FY18 Particulars (Rs. Crores) H1 FY21 FY20 FY19 FY18 ASSETS EQUITY AND LIABILITIES Non-current assets 1,112 1,156 1,015 582 EQUITY 497 494 483 417 Equity Share Capital 56 56 56 56 Property, Plant and Equipment 1098 1138 523 569 Other Equity 44
Slide 34: Way Forward
Way Forward… CONSOLIDATION Consolidate our existing products and capacities GOVERNMENT SUPPORT Governments thrust on Atmanirbhar Bharat is expected to lead to surge in internal demand for raw materials thereby uplifiting industry eco-system GROWTH OPPORTUNITIES Capitalize on growth opportunities ari
Slide 35: For further information, Please Contact
For further information, Please Contact: Company: Investor Relation Advisors: CIN: L17111RJ1992PLC006987 CIN: U74140MH2010PTC204285 Mr. P Maheshwari- CFO Akashi Modi / Vinit Vora pmaheshwari@nitinspinners.com akashi.modi@sgapl.net / vinit.vora@sgapl.net +91 96198 96128 / +91 98190 68322 www.nitinspi