Sutlej Textiles & Industries Ltd. · NSE:SUTLEJTEX
Sutlej Textiles & Industries — Q1 FY2024 Earnings Presentation
25 slides from Sutlej Textiles & Industries's earnings presentation, Aug 11, 2023
Slide 1: Sutlej Textiles and Industries Limited - Q1FY24 Result Presentation cover letter
SUTLEJ TEXTILES AND INDUSTRIES LIMITED Lotus Corporate Park, ‘E’ Wing, 5th/6th Floor, 185/A, Graham Firth Compound, Near Jay Coach, Goregaon (East), Mumbai 400 063, INDIA. Phone : (022) 4219 8800/6122 8989 Fax (022) 42198830 E-mail : info@sutlejtextiles.com Website: www.sutlejtextiles.com CIN. : L17
Slide 2: Leadership in Yarns, Establishing a Niche in Home Textiles
Sutlej Textiles and Industries Limited Leadership in Yarns, Establishing a Niche in Home Textiles Q1FY24 Result Presentation | August 2023
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sutlej Textiles and Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Q1FY24 Result Updates
Q1FY24 Result Updates
Slide 5: Financial Performance – Q1FY24
Financial Performance – Q1FY24 Consolidated (Rs Crore) Q1FY24 Q4FY23 Q1FY23 YoY % FY23 FY22 YoY % Total Income 711 752 853 -17% 3,100 3,112 0% Cost of goods sold 429 457 405 6% 1,658 1,604 3% Gross Profit 282 295 447 -37% 1,442 1,508 -4% GP margin % 39.67% 39.22% 52.48% - 46.52% 48.45% -193 bps Empl
Slide 6: Yarn Business Highlights - Q1FY24
Yarn Business Highlights - Q1FY24 Capacity utilisation nearing optimum Yarn Volumes picking up Focussing on Domestic market levels Consolidated Sales (Rs Crs) 28,306 26,944 837 744 704 94% 91% 90% 25,009 44% 45% 45% 56% 55% 55% Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24 Domestic
Slide 7: Balance Sheet (Consolidated) – Highlights
Balance Sheet (Consolidated) – Highlights Consistently keeping the Debt to Equity below 1x… Overall Debt Levels continue to be in control 0.95 871 907 942 951 944 1.00 0.91 0.86 0.86 0.87 0.90 291 339 464 556 575 0.80 0.70 580 569 0.60 478 395 369 0.50 FY20 FY21 FY22 FY23 Q1FY24 FY20 FY21 FY22 FY23
Slide 8: From the Executive Chairman’s Desk
From the Executive Chairman’s Desk Commenting on the results, Mr. C.S. Nopany, Executive Chairman, Sutlej Textiles and Industries Limited said: “The Textiles sector in general and spinning industry in particular has been witnessing subdued customer demand in domestic as well as export market since t
Slide 9: Sutlej: Creation of a Strong Foundation over the years
Sutlej Creation of a Strong Foundation over the years
Slide 10: Sutlej Textiles – Successful Yarn business, building a niche Home Textile business
Sutlej Textiles – Successful Yarn business, building a niche Home Textile business Established Value-added Yarn Player Building a strong Home Textile Brand • Largest Spun Dyed Capacity • Niche Segment Presence One of India’s largest spun dyed Yarn and leading Melange Yarn One of the few listed p
Slide 11: Key Business Verticals
Key Business Verticals Dyed Yarns SPECIALISED YARN Value Added Yarn Segment Melange Yarns SUSTAINABLE GREEN FIBRE Recycled Polyester Recycled Green fibre Staple Fibre Curtains HOME TEXTILES Upholstery Niche Segment Made Ups 10
Slide 12: Guided by Industry Veterans and Experienced Management
Guided by Industry Veterans and Experienced Management Board of Directors Mr. C.S. Nopany Mr. U.K. Khaitan Mr. Amit Dalal Mr. Rajan Dalal Ms. Sonu Bhasin Executive Chairman Independent Independent Independent Independent Non-Executive Director Non-Executive Director Non-Executive Director Non-Execut
Slide 13: Consistently Expanding Capacities and Product Portfolio…
Consistently Expanding Capacities and Product Portfolio… Backward Acquisition of Birla integration into Commenced Textile Mills Acquired Design, green fiber commercial production 31,104 spindles Sales, and Modernization of of 31,104 Spindles at added at 35,280 spindles – Distribution Home Textile Fa
Slide 14: Focused on Value Added Specialty Yarn
Focused on Value Added Specialty Yarn Always Opted for Expansion into High Value Specialty Yarn
Slide 15: Among the Leading Yarn and Fabric Capacities in India
Among the Leading Yarn and Fabric Capacities in India Our manufacturing facilities are capable to handle a variety of Raw Material, having different Counts We work very closely with our Customers to fulfil requirements and on the ethos, ‘Manufacture to Sale and Not to Stock’ Kathua, J&K • 1,02,5
Slide 16: Speciality Dyed Yarns – Backbone of Our Business
Speciality Dyed Yarns – Backbone of Our Business Leading Yarn manufacturer in India 4,22,602 Dyed Yarn Spindles Continuous Increase in Spindle Capacities (MT) ~37% dedicated to Melange Yarn ~63% dedicated to various blends Well Diversified Product Portfolio/geographies and customers 4,22,6
Slide 17: Sustainable Green Fibre Unit
Sustainable Green Fibre Unit Backward integration into recycle fibre to meet captive demand
Slide 18: Improving Operating Efficiency by Backward Integration…
Improving Operating Efficiency by Backward Integration… Captive Utilisation RPSF – A Key Raw Material for Sutlej Bottle Flake Fibre Yarn Fabric Key Statistics: Updates 120 Tonne per day Installed capacity of green fibre at Capacity utilization has been consistently Sutlej increasing and currentl
Slide 19: Home Textile Business
Home Textile Business One of the Few Listed Curtains & Upholstery Players
Slide 20: Home Textile Business
Home Textile Business Focus on Curtains, Upholstery & Made ups One of the leading producers & exporters of Home furnishings. Increase in Loom Capacities (MMT) over past 12 yrs American Silk Mills (ASM), leading Design & Distribution Company in USA Latest Technology in design & manufacturing
Slide 21: Home Textile Business: Increase in Penetration
Home Textile Business Increase in Penetration Expanded customer base in large format retail stores in UAE and UK. The new collection launched in the Domestic market has been well received Continue to acquire new customers in new territories that cater to broader customer segments like resident
Slide 22: Home Textile - “Nesterra” Building a Brand of Future
Home Textile - “Nesterra” Building a Brand of Future From B2B to Retail Brand • In FY21, launched the first retail brand in its existence • ‘Nesterra’ has established itself as a prominent player in the industry through its fastest grown distribution network • Have developed seamless ordering portal
Slide 23: Home Textile - “Nesterra” Building a Brand of Future
Home Textile - “Nesterra” Building a Brand of Future Market Penetration Total number of MBOs selling Nesterra Collections is over 500. The total number of collections on the market is 24 with 12 more scheduled to reach the market in the coming months. Marketing and Advertising Nesterra's newly
Slide 24: Key Highlights: Market Penetration
Key Highlights Market Penetration Plan to target sales in display, transportation, and hospitality segments that continue to perform well despite a slowing economy. Continue to focus on selling ASM staples such as suedes and velvets that are already proven performers. Aviation and display mark
Slide 25: Let’s Connect
The starting point of all achievement is desire- Napolean Hill” Let’s Connect Mr. Rajib Mukhopadhyay Ms. Pooja Sharma / Ms. Vinita Pandya rajibm@sutlejtextiles.com pooja.sharma@stellar-ir.com / vinita@stellar-ir.com yay Lotus Corporate Park, Goregaon (East), Mumbai 400063 Kanakia Wall Street, Andher
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