Nitin Spinners Limited · NSE:NITINSPIN
Nitin Spinners — Q1 FY22 Earnings Presentation
26 slides from Nitin Spinners's earnings presentation, Aug 4, 2021
Slide 1: Exchange filing cover letter
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Slide 2: Nitin Spinners Limited Investor Presentation – Q1 FY22
Nitin Spinners Limited INVESTOR PRESENTATION – Q1 FY22
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: Result at Glance
3 Result at Glance Rs. 554 Cr Rs. 10.67 Rs. 14.63 Revenue EPS Cash EPS Q-o-Q 8.2% Q-o-Q 40.0% Q-o-Q 26.7% Y-o-Y 152.6% Y-o-Y NM Y-o-Y 4.9x 23.2% 10.8% Rs. 129 Cr Rs. 60 Cr EBITDA PAT EBITDA PAT Margin Margin Q-o-Q 23.4% Q-o-Q 286 bps Q-o-Q 40% Q-o-Q 246 bps Y-o-Y 446.2% Y-o-Y 1,249 bps Y-o-Y NM Y-o-
Slide 5: Key Result Highlights
Key Result Highlights 01 Witnessed strong topline and bottomline growth during the quarter Due to lockdown in all major market, domestic dispatches were disrupted, however it was compensated by 02 increased exports. Exports were 76% of total revenue as compared to 59% in Q4FY21. Out of total Yarn re
Slide 6: Operational Matrix – Production & Sales Volumes
Operational Matrix – Production & Sales Volumes Yarn (MT) Knitted Fabrics (MT) Woven & Finished Fabric (Mn Mtrs) 17,583 17,719 2,193 6.63 +1% 2,000 -9% 6.17 -7% 5.47 Production 12,003 4.57 -16% 1,343 3.21 1.53 Q1FY21 Q4FY21 Q1FY22 Q1FY21 Q4FY21 Q1FY22 Q1FY21 Q4FY21 Q1FY22 Woven Fabric Production (Gr
Slide 7: Growing contribution of Value-added while focusing on Core
Growing contribution of Value-added while focusing on Core Rs in Crores 1,624 1,438 1,095 Steady increase in sales of Yarn 1,242 over FY18-FY21 1,145 1,055 Added the value-added segment 554 of Woven fabrics and Finished 984 Fabrics in FY20 880 183 391 Achieved sales of 4.52 mn 151 Meters of Woven Fa
Slide 8: Fortifying Global Presence
Fortifying Global Presence Geographical Distribution of Revenue % 55 63 64 64 68 76 45 37 36 36 32 24 2017 2018 2019 2020 2021 Q1 FY22 Export Domestic The company exported more than 76% of its production to over 50 countries across the globe during Q1FY22 7
Slide 9: Quarterly Financial Highlights
Quarterly Financial Highlights Revenue from Operations EBITDA PAT (Rs in Crs) 153% (Rs in Crs) 446% (Rs in Crs) 554 129 60 512 +8.2% 104 +23.4% 43 +40.0% 219 24 -9 Q1FY21 Q4FY21 Q1FY22 Q1FY21 Q4FY21 Q1FY22 Q1FY21 Q4FY21 Q1FY22 Gross Margin EBITDA Margin PAT Margin (%) (%) (%) 48.4% 23.2% 10.8% 45.7%
Slide 10: Profit and Loss Statement
Profit and Loss Statement Particulars (Rs. Crores) Q1FY22 Q4FY21 Q-o-Q Q1FY21 Y-o-Y FY21 Total Revenue 553.6 511.6 8.2% 219.2 152.6% 1624.4 Cost Materials Consumed 327.1 304.1 171.7 971.9 Change in Inventories -41.1 -23.2 -52.8 -25.6 Total Overheads 285.9 280.9 118.9 946.3 Gross Margin 267.7 230.7 1
Slide 11: Company Overview
Company Overview
Slide 12: A Resilient Organisation
A Resilient Organisation India’s Leading manufacturer of Cotton & Blended Yarn, Knitted Fabrics, Greige and Finished Woven Fabrics Integrated operations with focus on value addition, diversified product Established in 1992 FY21 Revenue: Rs. 1624 Crs range, cost efficiency, quality and customer servi
Slide 13: 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 14: 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 15: 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 16: Integrated Operations – Fibre to Finished Fabrics
Integrated Operations – Fibre to Finished Fabrics Woven Spindles Knitting Woven Fabrics Finished Rotors Machines Fabrics (Greige) Fabrics Overall Production Capacity 168 30 mn 3,00,048 3,488 63 looms mtrs Yarn: 72,000 TPA 2x 1.2x 1.3x Knitted Fabrics: 8,500 TPA 1,50,096 2,936 49 Processed Woven Fabr
Slide 17: 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 18: 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 19: Accreditations
Accreditations The company is having all quality certification as per Our Quality Certifications 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 20: Awards and Recognitions
Awards and Recognitions Texprocil Awards Other Recognitions Gold Trophy for the highest export performance in Cotton Yarn - Counts 51s & above under Category I for the year 2019-20 “UCCI Excellence Award” by Udaipur Chamber of Commerce & Industry under the “Large Manufacturing Enterprise” category i
Slide 21: Responsible Corporate Citizen
Responsible Corporate • Construction of Construction of toilets • Contribution Contribution to Installation of energy- Promoting education of as a part of Swachh towards COVID Confederation of efficient equipment. Women hospital in differently-abled Bharat Abhiyan relief Textiles industries (CTI) Ze
Slide 22: Historical Financial Highlights
Historical Financial Highlights Revenue from Operations Operations EBITDA PAT (Rs in Crs) (Rs in Crs) (Rs in Crs) +15% 1,624 257 69 1,438 +18% 64 57 1,243 52 1,145 178 170 933 155 133 24 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Average ROCE Average ROE Net Worth (%)
Slide 23: Historical Profit and Loss Statement
Historical Profit and Loss Statement Particulars (Rs. Crores) FY21 FY20 FY19 FY18 FY17 Total Revenue 1,624 1,438 1,243 1,145 933 Cost Materials Consumed 972 922 789 714 617 Change in Inventories -26 -2 -7 13 -28 Total Overheads 946 920 781 728 589 Gross Margin 678 518 461 418 344 Gross Margin (%) 41
Slide 24: Historical Balance Sheet
Historical Balance Sheet Assets (Rs. Cr.) FY21 FY20 FY19 FY18 FY17 Equity & Liabilities (Rs. Cr.) FY21 FY20 FY19 FY18 FY17 Non-current assets 1,073 1,156 1,015 582 617 EQUITY 563 494 483 417 264 Equity Share Capital 56 56 56 56 46 Property, Plant and Equipment 1059 1138 523 569 613 Other Equity 507
Slide 25: Way Forward
Way Forward… TOPLINE GROWTH Strive to maintain topline growth momentum by optimizing capacity utilisation and continue to add value-added products and use of sustainable fibres GEOGRAPHICAL EXPANSION Continue to explore newer markets across the geographies GOVERNMENT SUPPORT Closely watching the sit
Slide 26: 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