Nitin Spinners Limited · NSE:NITINSPIN
Nitin Spinners — FY2022 Earnings Presentation
25 slides from Nitin Spinners's earnings presentation, May 12, 2022
Slide 1: Stock exchange filing cover letter
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Slide 2: Nitin Spinners Limited Investor Presentation FY22
Nitin Spinners Limited Investor Presentation FY22
Slide 3: Safe Harbour
Safe Harbour 2 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 sec
Slide 4: Key Financial Highlights
Key Financial Highlights 3 Quarterly Performance Revenue EBITDA PAT EPS Rs. 769 Cr Rs. 167 Cr Rs. 86 Cr Rs. 15.2 per share Y-o-Y 50% Y-o-Y 61% Y-o-Y 99% Y-o-Y 99% Annual Performance Revenue EBITDA PAT EPS Rs. 2,692 Cr Rs. 652 Cr Rs. 326 Cr Rs. 58.0 per share Y-o-Y 66% Y-o-Y 153% Y-o-Y 374% Y-o-Y 374
Slide 5: Key Operational Highlights
Key Operational Highlights 4 Achieved highest ever revenue and margins, reported Cash EPS of Rs. 73.56 in FY22 Exports increased from Rs. 1,016 crores in FY21 to Rs. 1,954 crores in FY22, growth of 92% Recommended final Dividend @25%, Rs. 2.50 per equity share The aggregate dividend for FY21-22 is R
Slide 6: Pursuing Sustainable Growth
Pursuing Sustainable Growth 5 Capacity expansion at a total project cost of ~Rs. 955 crores Existing Production Proposed Production On The Path of Growth Capacity Capacity Capacity expansion across all the segments – Spinning, 40 Knitting, weaving and Finishing Strengthen company’s market position a
Slide 7: Company Overview
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Slide 8: Company Overview
Company Overview 7 India’s Leading manufacturer of Cotton & Blended Yarn, Knitted Fabrics, Greige & Finished Woven Fabrics Established in 1992 Integrated operations with focus on: Headquartered in ✓ Value addition Bhilwara (Rajasthan) ✓ Diversified product range ✓ Cost efficiency ✓ Quality Plants lo
Slide 9: Two Decades And Counting…
Two Decades And Counting… 8 1993 1999 2002 Commenced Operations With Total Installed Rotors Reached Ventured into Ring Spinning Open-End Spinning - Installed 1,464 by Installing 14,112 Spindles 384 Rotors with an Forward Integration into Investment of Rs. 3 Cr Knitted Fabric by Installing 7 Knitting
Slide 10: Wide Product Range & End-User Application
Wide Product Range & End-User Application 9 Yarn Knitted Fabric Finished Woven Fabrics Recognised worldwide as the industry leader The threads produced in our manufacturing Complete range of Dyed and Printed Fabrics for spun yarns, we have enhanced the unit are converted into high quality Grey Fabri
Slide 11: Fully equipped to add customer value
Fully equipped to add customer value 10 Focus on sustainable products and processes Increasingly offering products made Strong R&D to ensure international quality from Sustainable fibres like Organic and Well equipped R&D facility and pilot BCI cotton, Recyled fibres plants to offer wide range of sa
Slide 12: Accreditations
Accreditations 11 The company is having all quality certification Our Quality Certifications 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 agricultur
Slide 13: Financial Highlights
NITIN Financial Highlights
Slide 14: Higher Productivity & Efficient Utilization of Resources
Higher Productivity & Efficient Utilization of Resources 13 Yarn (MT) Knitted Fabrics (MT) Woven & Finished Fabric (Mn Mtrs) 71,850 8,057 26.95 63,973 7,375 23.48 21.37 Production 14.30 17,583 17,594 2,193 1,964 6.63 7.07 5.47 5.93 Q4FY21 Q4FY22 FY21 FY22 Q4FY21 Q4FY22 FY21 FY22 Q4FY21 Q4FY22 FY21 F
Slide 15: Revenue Break-Up
Revenue Break-Up 14 Product-wise Revenue Distribution Geographical Distribution of Revenue (Rs. in Crores) (in %) 2,692 +24% 1,624 1,438 1,242 1,878 1,145 55% 1,095 64% 68% 63% 73% 1,055 880 984 293 183 151 387 45% 36% 32% 37% 241 27% 178 178 127 87 80 106 105 134 FY18 FY19 FY20 FY21 FY22 2018 2019
Slide 16: Quarterly and Annual Financial Highlights
Financial Highlights 15 Revenue from Operations EBITDA PAT 20.4% 25.3% 21.8% 8.4% 13.2% 11.1% +50.3% +60.7% 99.5% 769 178 93 Quarterly 705 167 -6.0% 86 +9.1% -7.8% 512 104 43 Q4FY21 Q3FY22* Q4FY22 Q4FY21 Q3FY22* Q4FY22 Q4FY21 Q3FY22* Q4FY22 FY22 15.8% 24.2% 4.2% 12.1% +65.7% +153.3% +373.6% Annual 2
Slide 17: Historical Financial Highlights
Historical Financial Highlights 16 Revenue from Operations EBITDA PAT 2,692 652 326 +24% +43% +58% 1,624 1,438 1,145 1,243 257 155 178 170 64 69 52 24 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 ROCE ROE Net Worth 36% 37% 876 563 483 494 417 12% 13% 13% 12% 11% 9% 6% 5
Slide 18: Profit and Loss Statement
Profit and Loss Statement 17 Particulars (Rs. Crores) Q4FY22 Q4FY21 YoY FY22 FY21 YoY Total Revenue 769.07 511.58 50% 2,692.32 1,624.41 66% Cost Materials Consumed 474.29 304.07 1,570.35 971.91 Change in Inventories -19.47 -23.21 -94.14 -25.60 Total Overheads 454.82 280.86 1,476.21 946.31 Gross Marg
Slide 19: Balance Sheet
Balance Sheet 18 Assets (Rs. Cr.) Mar-22 Mar-21 Equity & Liabilities (Rs. Cr.) Mar-22 Mar-21 EQUITY 875.81 563.35 Non-current assets 1,070.10 1,072.98 Equity Share Capital 56.22 56.22 Property, Plant and Equipment 1,010.63 1,058.52 Other Equity 819.59 507.13 Capital work-in-progress 0.08 1.57 Non-Cu
Slide 20: Cash Flow Statement
Cash Flow Statement 19 Particulars (Rs. Crores) FY22 FY21 Operating profit before working capital changes 656.73 260.00 Changes in working capital -123.44 -89.04 Cash generated from Operations 533.29 170.96 Direct taxes paid (net of refund) 101.86 -16.09 Net Cash from Operating Activities (A) 431.43
Slide 21: Awards and Recognitions
Awards and Recognitions 20 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” categor
Slide 22: Responsible Corporate
Responsible Corporate 21 Construction of Contribution towards Contribution to Installation of energy- Promoting education of Construction of toilets as Women hospital in COVID relief Confederation of Textiles efficient equipment differently-abled a part of Swachh Bharat Bhilwara Rural development in
Slide 23: Growth Driven Strategy Leads to Success
Growth Driven Strategy Leads to Success 22 We are future-ready to cater to Global Textile requirements and are committed to providing exceptional services We aim to become an Integrated Textiles To exceed industry standards with manufacturer by Forward and Vertical exceptional customer and technical
Slide 24: Way Forward
Way Forward 23 TOPLINE GROWTH GEOGRAPHICAL EXPANSION GOVERNMENT SUPPORT Strive to maintain topline growth Government thrust on Atmanirbhar Continue to explore newer markets momentum by optimizing capacity Bharat is expected to surge internal across the geographies and to take utilisation and continu
Slide 25: For further information, Please Contact
For further information, Please Contact: Company: Investor Relation Advisors: CIN: L17111RJ1992PLC006987 CIN: U74140MH2010PTC204285 Mr. P Maheshwari- CFO Ami Parekh / Manasi Bodas pmaheshwari@nitinspinners.com ami.parekh@sgapl.net / manasi.bodas@sgapl.net +91 80824 66052 / +91 98210 43510 www.nitins