Bsl Ltd · NSE:BSL
Bsl — Q2 FY25 Earnings Presentation
36 slides from Bsl's earnings presentation, November 2024
Slide 1: BSL Limited Q2 & H1 FY25 Investor Presentation
BSL Limited Q2 & H1 FY25 Investor Presentation NSE: BSL BSE: 514045
Slide 2: Safe Harbor
Safe Harbor This presentation has been prepared by BSL Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situation, or informational need of any particular person. This presentation may not be copied, distributed, or disseminated, directly o
Slide 3: Presentation Content
Presentation Content 01. Financial Performance 04. ESG Initiatives 02. Growth Drivers 05. Management Team 03. Company Profile 06. Annexure Thank You 3 Q2 & H1 FY25 Content
Slide 4: Chairman Message
Chairman Message Commenting on the results, Mr. Arun Churiwal, Chairman of BSL Limited said, “I’m proud to say that we have maintained a stable level of earnings. Our operating and net profit margins have shown minimal variation, reflecting our ability to control costs and sustain consistent profita
Slide 5: Managing Director Message
Managing Director Message Commenting on the results, Mr. Nivedan Churiwal, Managing Director of BSL Limited said, “We are delighted to deliver strong financial results in Q2 FY25, with operating revenue reaching ₹178.1 crore, marking an 8.8% growth on a quarter-over-quarter basis. The company's EBIT
Slide 6: Financial Performance
01. Financial Performance Q2 & H1 FY25 Financial Performance Historical Financial Performance NSE: BSL BSE: 514045
Slide 7: Q2 FY25 Financial Performance
Q2 FY25 Financial Performance ₹ in Cr Revenue Gross Profit & EBITDA & Margin(%) PAT & Margin(%) Margin(%) 179 178 164 77 74 74 16 15 16 2.5 2.3 2.5 41.3% 45.2% 43.4% 8.9% 1.4% 1.4% 1.4% 9.3% 8.8% Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 QoQ: 8.8
Slide 8: H1 FY25 Financial Performance
H1 FY25 Financial Performance ₹ in Cr Revenue Gross Profit & EBITDA & Margin(%) PAT & Margin(%) Margin(%) 339 342 151 145 31 31 4.8 4.8 42.6% 44.2% 9.1% 1.4% 1.4% 9.0% H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 YoY: 0.8% YoY: 4.6% YoY: 0.1% YoY: 0.8% 8 Q2 & H1 FY25 Financials
Slide 9: Q2 FY25 Persistence Resilience
Q2 FY25 Persistence Resilience ₹ in Cr Q2 FY25 Q1 FY25 nan Co nan Co n p a on n p a on Financial Highlights Revenue increased by 8.8% QoQ, reaching ₹178.1 Cr in Q2 FY25. EBITDA grew by 3.0% to ₹15.7 Cr, although the EBITDA margin declined by 49 basis points to 8.8%. PAT rose by 9.3% QoQ to ₹2.
Slide 10: Q2 FY25 Segment Wise Revenue Performance
Q2 FY25 Segment Wise Revenue Performance Fabric Furnishing Yarn Others 100% 4% 4% 4% 90% 80% 44% 48% 47% 70% 60% 50% 11% 14% 12% 40% 30% 41% 37% 20% 34% 10% 0% Q2 FY24 Q1 FY25 Q2 FY25 10 Q2 & H1 FY25 Financials
Slide 11: H1 FY25 Segment Wise Revenue Performance
H1 FY25 Segment Wise Revenue Performance Fabric Furnishing Yarn Others 5% 3% 100% 90% 80% 42% 48% 70% 60% 11% 50% 13% 40% 30% 42% 36% 20% 10% 0% H1FY24 H1FY25 11 Q2 & H1 FY25 Financials
Slide 12: Historical Financial Performance
Historical Financial Performance ₹ in Cr Revenue Gross Profit & Margin(%) EBITDA & Margin(%) PAT & Margin(%) 667 65 472 436 51 17 390 40 321 294 250 11 11 31 30 224 199 166 51.0% 51.6% 51.4% 52.9% 44.1% 7.9% 9.4% 9.2% 10.9% 9.8% 2.6% 3.6% 1.7% 2 1 4.0% 4.0% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY
Slide 13: Historical Financial Segmental Performance
Historical Financial Segmental Performance Fabric Furnishing Yarn Others ₹ Cr ( %) ₹ Cr ( %) ₹ Cr ( 0 %) ₹ 0 Cr ( %) ₹ Cr ( 0 %) ₹ Cr ( %) ₹ Cr ( %) ₹ Cr ( %) FY23 FY24 13 Q2 & H1 FY25 Financials
Slide 14: Historical Financial Performance
Historical Financial Performance ₹ in Cr ROCE RONW FACR(x) 10.9% 9.7% 16.3% 3.1 8.7% 7.4% 7.3% 12.9% 10.0% 1.8 1.4 1.3 1.3 2.2% 1.7% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Net Working Capital Net Debt Net Debt to Equity(x) 45.7 437 37.2 37.8 39.2 3.9 346 3.3 2.2 2
Slide 15: Growth Drivers
02. Growth Drivers Growth Driving Factors NSE: BSL BSE: 514045
Slide 16: Growth Driving Factors
Growth Driving Factors ▪ In 2021, the Indian textile & apparel ▪ The Indian Government has come up ▪ Owing to China Plus One sentiment industry is pegged at $105 bn, with ~71% with several export promotion policies for globally, nd a’ textile exports are by domestic consumption and 29% by the textil
Slide 17: Growth Driving Factors
Growth Driving Factors ▪ BSL Limited has commenced commercial ▪ The Textile Industry is an ever-growing ▪ BSL L m d’ Marketing Strategy is operations in its Cotton Spinning Project market, with key Competitors being China, uniquely designed for the company and from March 2023 at full capacity. the E
Slide 18: Company Profile
03. Company Profile About Us Milestone Business Verticals Strong Parentage NSE: BSL BSE: 514045
Slide 19: Pioneers in Textile Manufacturing
About Us Diverse Range of Products Pioneers in Textile Manufacturing BSL Limited, established in 1971, is a renowned manufacturer of a diverse range of textile Production products, including synthetic, worsted, and cotton yarn, as well as synthetic and Worsted Particulars Capacity Suitings, and vari
Slide 20: Milestone
Milestone The company took decisive step to venture into Converted into a furnishing fabrics and over Incorporated under Public Limited the last decade or more, this the name of has been the biggest growth Company under the “Raj General Udyog engine for success story for name of “Bhilwara Private Li
Slide 21: Business Vertical - Suiting
Business Vertical - Suiting BSL Limited Provides Finest Premium Suiting Fabrics For Both Domestic & Export Markets TR FABRICS PW FABRICS PV FABRICS 21 Q2 & H1 FY25 Company Profile
Slide 22: Business Vertical - Furnishing
Business Vertical - Furnishing The New Benchmark From Soft Furnishing Fabrics To Upholstery Fabrics & Exquisite Silk Fabrics Offers A Wide Range Of Premium Furnishing FURNITURE CURTAINS Furnishing Fabrics SILK FABRIC 22 Q2 & H1 FY25 Company Profile
Slide 23: Business Vertical - Yarn
Business Vertical - Yarn The Highest Quality Fabrics Begin with Yarn that comes from a State-of-the-art Manufacturing Facility. Made of different materials, colour patterns, gauges, and weights, our yarns are a Testament to World-class Quality and Craftsmanship. POLY WOOL YARN COTTON YARN Poly Wool
Slide 24: Strong Parentage
Parentage POWER CONSULTANCY ELECTRODES ▪ Indo Canadian Consultancy Services Limited ▪ HEG Limited Strong TEXTILES HIGHLIGHTS ▪ BSL Limited ▪ 5 Group companies listed on the Stock ▪ Maral Overseas Limited Exchanges. ▪ RSWM Limited ▪ Production units & Corporate office spread ▪ Bhilwara Technical Text
Slide 25: ESG Initiative
04. ESG Initiative Environment Social Governance NSE: BSL BSE: 514045
Slide 26: Environment: Green Company
Environment OEKO-TEX Agro-Fuel The Company has received From July 2022 onwards, In-Line OEKO-TEX Certifications which with Global Sustainability ensure that our Products have been Initiatives, an Agro-Fuel system For Tested Against a list of up to 350 Boiler & Thermopack is being used Toxic Chemical
Slide 27: Social: CSR Overview
Social CSR Regulatory Integration with Overview Mechanism Corporate Objectives Corporate social responsibility is also A CSR policy acts as a self-regulating The company sees CSR activities as a known as corporate conscience, system where a business keeps track crucial part of its corporate corporat
Slide 28: Governance
Governance Internal Control Systems Whistle Blower Policy Corporate Governance The Company has adequate The Company has a vigil The Company is committed to Internal Control Systems, Mechanism named Whistle Blower maintaining the highest standards commensurate with the size, scale policy to dea
Slide 29: Management Team
05. Management Team Management Team Board Members Achievements NSE: BSL BSE: 514045
Slide 30: Management Team
Management Team Shri Arun Churiwal Shri Nivedan Churiwal Shri Praveen Jain Chairman Managing Director CFO & Director (Operations) Annexure 30 Q2 & H1 FY25 Management Team
Slide 31: Board Members
Board Members Shri Arun Churiwal Shri Praveen Jain Chairman, B.A. (Hons.), 50+ years of experience CFO & Director (Operations), F.C.A., F.C.S., F.C.M.A., 33+ years of experience Shri Nivedan Churiwal Shri Jagdish Chandra Laddha Managing Director, B.Com, 23+ years of experience Independent Director,
Slide 32: Achievements
Achievements Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2018 - 19 Golden Trophy Best Overall Export Performance - Export of Natural Silk Goods 2017 - 18 Silver Trophy Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2017 - 18 Golden Trophy Be
Slide 33: Annexure
06. Annexure Profit & Loss Statement Balance Sheet NSE: BSL BSE: 514045
Slide 34: Profit & Loss Statement
Profit & Loss Statement Parameter Quarterly Half - Yearly Yearly (₹ in Cr) Q2 FY25 Q1 FY25 QoQ Q2 FY24 YoY H1 FY25 H1 FY24 YoY FY24 Total Income 178.1 164.2 8.4% 178.9 (0.5)% 342.3 339.7 0.8% 667.2 Raw Material Cost 100.4 95.7 102.0 196.0 186.6 370.2 Employee Cost 24.2 23.8 23.1 48.0 45.7 91.0 Power
Slide 35: Balance Sheet
Balance Sheet ₹ in Cr Assets H1 FY25 FY24 Equity & Liabilities H1 FY25 FY24 Non-current Assets 231.8 235.0 Equity 116.1 112.7 Property, plant & equipment 222.4 228.4 Equity Share Capital 10.3 10.3 Capital work in progress 2.3 0.2 Other Equity 105.8 102.4 Intangible Assets 2.4 2.5 Non-current Liabili
Slide 36: Thank You!
Thank You! GE T IN TO U CH WIT H U S BSL Limited Rik Consultancy & Advisory Services LLP Shri Nivedan Churiwal Shri Praveen Jain Mr. Ritesh Shashiprakash Singh Managing Director CFO & Director (Operations) Investor Relations Consultant E: Nivedan@bslltd.com E: Praveenjain@bslsuitings.com M: +91 8329