Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q1 FY25 Earnings Presentation
31 slides from Sirca Paints India's earnings presentation, Aug 10, 2024
Slide 1: Submission of Investor Presentation to Exchanges
August 10, 2024 To, To, The Managing Director The General Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1 Department of Corporate Services G-Block, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai – 400051 Dalal Street, Mumbai -
Slide 2: Q1 FY25 Earnings Presentation
NSE: SIRCA | BSE: 543686 | Bloomberg: SIRCA:IN CIN: L24219DL2006PLC145092 Q1 FY25 EARNINGS PRESENTATION
Slide 3: Company Profile
COMPANY PROFILE EARNINGS PRESENTATION sircapaints.com
Slide 4: Introduction
INTRODUCTION About Sirca S.P.A (Italy) Sirca Paints India Limited (SPIL) is a leading manufacturer of wood coating products in Established in 1973, Sirca is a key player in the Durante Group specializing in India, with a history spanning two decades. Italian wood paints. With a global presence in 85
Slide 5: MOU Announcement
MOU ANNOUNCEMENT The arrangement spans six SPIL embarks on its journey as Product exports to over 80 months, establishing a joint a high-value supplier of wall countries, establishing SPIL as venture company in a ratio of paints and colors in India and a global brand. 51:49, i.e., 51 (SPIL) and 49 a
Slide 6: Sirca Paints Acquires Welcome Brand
SIRCA PAINTS ACQUIRES WELCOME BRAND With New Wembley Products LLP through its Authorized Partner Dr. S. Harinderbir Singh Lamba Sirca Paints India (SPIL) has entered into a Business transfer agreement with New Wembley Products LLP through its Authorized Partner Dr. S. Harinderbir Singh Lamba: - For
Slide 7: SPIL at a Glance
SPIL AT A GLANCE EXCLUSIVE LICENSEE MARKET LEADER OEM VENDOR Of Globally Established ‘Sirca’ Among the Top 3 Premium wood Preferred OEM Vendor on its way brand for India, Nepal, Bangladesh coatings brand in India Market to become a Dominating Retail and Sri Lanka Leader in North India Brand 770 2,40
Slide 8: Value Proposition
VALUE PROPOSITION The promise and quality of ‘Made in Italy’ blended with innovation, research and development to provide the most sophisticated and customized products and services in the paints industry. CORE OFFERING Premium Italian Wood Coatings Metal Coatings Glass Coatings EARNINGS PRESENTATIO
Slide 9: Value Proposition
VALUE PROPOSITION Recent Additions to our Product Portfolio Expansion WOOD COATINGS MASS MARKET RANGE Nitrocellulose (NC), Melamine, PU Coatings and Thinners Hygiene Plus Additives WALL PAINTS RANGE WALL PAINTS & OTHERS OIKOS Portfolio (Decorative, Solid Colour Finishes, and Texture Coatings) EARNIN
Slide 10: Brand Portfolio
BRAND PORTFOLIO Sirca Unico Luxury Italian Wood Coatings Mass-market Wood Coatings INDIA High-end Wall Paints products INDIAN SUBCONTINENT OIKOS Welcome Colour Finishes and Texture Paint Thinners & Reducers Coatings High-end Decorative, Solid ENTRY-LEVEL ECONOMIC LUXURY PRICING * Includes India, Ban
Slide 11: Sirca's Footprint
SIRCA’S FOOTPRINT JAGADHARI 2,409 11 MOHALI Dealers & Distributors Branches & Depot NOIDA KARNAL NEPAL RAI & SONIPAT AMBALA DELHI DEHRADUN 27 02 GURUGRAM SILLIGURI GUWAHATI INDORE BANGLADESH Sirca Studios Manufacturing KOLKATA NAGPUR Facilities RAIPUR MUMBAI KEY CHENNAI THRISSUR Branches EXPORT MARK
Slide 12: Customer Segments
CUSTOMER SEGMENTS RETAIL OEM’s ~70% Revenue Contribution ~30% Revenue Contribution 2,409 Aggressively growing Distribution Network with 2,409* nodes APPROACH Dealing in Premium products. GROWTH STRATEGY Providing str ong technical support and after sales Chain of studios being opened across India, s
Slide 13: Manufacturing Facilities
MANUFACTURING FACILITIES COMMISSIONED CAPEX of ~33.20 CR In Nov’2019, Sirca commissioned a manufacturing This unit has been established with a total CAPEX facility for Nitrocellulose, Melamine, Economical of ~33.20 Crores, as a primary ‘Object of Issue’ PU products, and PU thinner at Sonipat (NCR) f
Slide 14: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES FIFEX Furniture Expo ‘24, Kerala EARNINGS PRESENTATION sircapaints.com
Slide 15: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES Newly Launched Experience Center on MG Road EARNINGS PRESENTATION sircapaints.com
Slide 16: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES ~1,350+ shop boards installed for enhanced visibility. Refreshed brand positioning as “Your Italian Autograph”. EARNINGS PRESENTATION sircapaints.com
Slide 17: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES EARNINGS PRESENTATION sircapaints.com
Slide 18: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES EARNINGS PRESENTATION sircapaints.com
Slide 19: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES Promotional Items for Dealers and Distributors EARNINGS PRESENTATION sircapaints.com
Slide 20: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES Dubai / Thailand Trips for Dealers and Distributors EARNINGS PRESENTATION sircapaints.com
Slide 21: Contractor Loyalty Program
CONTRACTOR LOYALTY PROGRAM Sirca Parivaar Pro – App Update Enhanced Version of Sirca Parivaar App ~24,750 ~17,600 ~3,300 The main objective of this app is to automate the process of loyalty program and streamline the process Contractors Registered Average Daily Product Scans Average Daily Users of r
Slide 22: Board of Directors
BOARD OF DIRECTORS Mr. Sanjay Agarwal Mr. Apoorv Agarwal Mr. Gurjit Singh Bains Mr. Ugo Pelosin CHAIRMAN AND JOINT MANAGING NON-EXECUTIVE NON-EXECUTIVE MANAGING DIRECTOR DIRECTOR DIRECTOR DIRECTOR Mr. Agarwal is one of the co-founders of Mr. Agarwal has holds a bachelor's Mr. Gurjit Singh Bains is o
Slide 23: Board of Directors
BOARD OF DIRECTORS Mr. Shyam Lal Goyal Mrs. Anu Chauhan Mr. Sanjay Kapoor Mr. Aman Arora NON-EXECUTIVE & NON-EXECUTIVE & NON-EXECUTIVE & NON-EXECUTIVE & INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Mr. Goyal was the Audit and Finance Mrs. Chauhan has a vast exp
Slide 24: 5Y Financial Summary
5Y FINANCIAL SUMMARY EARNINGS PRESENTATION sircapaints.com
Slide 25: 5Y Profit & Loss Summary
5Y FINANCIAL SUMMARY 5Y PROFIT & LOSS SUMMARY (₹ in crores) PARTICULARS FY24 FY23 FY22 FY21 FY20 Revenue from Operations 311.72 267.75 200.02 143.18 135.05 Total Income 318.08 272.59 204.43 157.32 140.66 Total Operating Expenses 243.04 206.03 162.27 121.37 103.26 EBITDA (Excluding OI) 68.68 61.71 37
Slide 26: 5Y Balance Sheet Summary
5Y FINANCIAL SUMMARY 5Y BALANCE SHEET SUMMARY (₹ in crores) PARTICULARS FY24 FY23 FY22 FY21 FY20 Shareholders Fund 308.72 265.53 225.15 201.60 184.65 Non Current Liabilities 0.60 0.59 0.05 0.28 0.18 Current Liabilities 41.61 45.92 37.16 52.88 24.98 Trade Payables 32.54 36.55 31.40 34.84 20.29 Total
Slide 27: 5Y Cash Flow Summary
5Y FINANCIAL SUMMARY 5Y CASH FLOW SUMMARY (₹ in crores) PARTICULARS FY24 FY23 FY22 FY21 FY20 Cash from Operating Activities 32.40 -18.69 35.16 19.24 -7.56 Cash from Investing Activities -11.81 9.38 -11.06 14.74 4.81 Cash from Financing Activities -8.24 -5.52 -17.38 0.10 -8.45 Net Cash Flow 12.35 -14
Slide 28: Q1 FY25 Result Discussion
Q1 FY25 RESULT DISCUSSION EARNINGS PRESENTATION sircapaints.com
Slide 29: Profit & Loss Summary
Q1FY25 RESULT DISCUSSION PROFIT & LOSS SUMMARY Standalone (₹ in crores) PARTICULARS Q1FY25 Q4FY24 Q1FY24 YoY % QoQ % Revenue from Operations 78.68 82.63 72.99 7.8 -4.8 Total Income 80.10 84.72 74.43 7.6 -5.5 Total Operating Expenses 64.61 66.39 55.61 16.2 -2.7 EBIDTA (Excluding OI) 14.07 16.25 17.38
Slide 30: Management Commentary
Q1FY25 RESULT DISCUSSION MANAGEMENT COMMENTARY Demand for wood coatings was significantly impacted during the quarter primarily because of General Elections and severe heat wave across North India which delayed the ongoing recovery in the residential real estate sector and renovation activities. Apr
Slide 31: Connect Us
CONNECT US Hira Kumar Ipvinder Singh COMPANY SECRETARY AND COMPLIANCE OFFICER Invesfly Private Limited Sirca Paints India Limited info@invesfly.in cs@sircapaints.com 9015059001 EARNINGS PRESENTATION sircapaints.com