Punjab Chemicals & Crop Protection Ltd. · NSE:PUNJABCHEM
Punjab Chemicals & Crop Protection — Q3 FY25 Earnings Presentation
30 slides from Punjab Chemicals & Crop Protection's earnings presentation, Jan 28, 2025
Slide 1: Cover letter to BSE and NSE
Date: 28th January, 2025 BY E FILING The Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited MUMBAI-400 001 MUMBAI-400 051 Re: BSE Scrip Code: 506618 NSE Scrip Symbol: PUNJABCHEM Sub: Investor Presentation - Financial Overview
Slide 2: Investor Presentation | January 2025
Investor Presentation | January 2025 1
Slide 3: Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Punjab Chemicals and Crop Protection Ltd (the “Company’), have been solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Result Highlights, Company Overview, Business Strategy, Track Record
Result Company Highlights Overview Business Performance Strategy Track Record 3
Slide 5: Result Highlights
PUNJAB CHEMICALS AND CROP PROTECTION LTD. 150 9001:2015, ISO 14001:2015 & 1SO 45001:2018 Certified Company Result Highlights
Slide 6: Q3 FY25 and 9M FY25 Result Highlights
Q3 FY25 9M FY25 ₹ 214 Cr ₹ 19 Cr ₹ 6 Cr ₹ 698 Cr ₹ 74 Cr ₹ 32 Cr Revenue EBITDA PAT Revenue EBITDA PAT o Registered a Revenue of Rs. 213.9 Cr in Q3 FY 25 and for 9M FY25 at Rs. 698.2 Cr. Volumes have remained steady & marginal decline in revenue is due to lower prices. o Gross Margin stood at 40.0%
Slide 7: Q3 FY25 Revenue, EBITDA and PAT
(in ₹ cr, except margins) REVENUE GEOGRAPHICAL SPLIT 214 214 Domestic 103 152 214 214 International 111 62 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 EBITDA & EBITDA MARGIN PAT & PAT MARGIN 12.2% 9.0% 7.6% 2.8% 26 11 19 6 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 6
Slide 8: 9M FY25 Revenue, EBITDA and PAT
(in ₹ cr, except margins) REVENUE GEOGRAPHICAL SPLIT 738 698 Domestic 356 431 738 698 International 382 267 9M FY24 9M FY25 9M FY24 9M FY25 EBITDA & EBITDA MARGIN PAT & PAT MARGIN 13.5% 10.6% 6.9% 4.6% 100 51 74 32 9M FY24 9M FY25 9M FY24 9M FY25 7
Slide 9: Profit and loss statement summary
Particulars (In Rs Cr) Q3 FY25 Q3 FY24 YoY % Q2 FY25 QoQ % 9M FY25 9M FY24 YoY% Revenue 213.9 214.1 -0.1% 242.1 -11.7% 698.2 737.7 -5.3% COGS 128.2 125.6 147.1 423.4 451.5 Gross Profit 85.7 88.5 95.0 274.8 286.2 Gross Margin % 40.0% 41.3% 39.2% 39.4% 38.8% Employee Expenses 23.1 21.7 24.1 71.7 64.3
Slide 10: Company Overview
PUNJAB CHEMICALS AND CROP PROTECTION LTD. 150 9001:2015, ISO 14001:2015 & 1SO 45001:2018 Certified Company Company Overview
Slide 11: Our Vision and Our Mission
Established in 1975 as Punjab United Pesticides & Chemical Ltd (PUPCL), the company has now evolved into Punjab Chemicals and Crop Protection Ltd. We have separate synergistic Agrochemicals, Pharmaceuticals and Industrial chemical divisions with state-of-the-art manufacturing facilities across India
Slide 12: Company history and milestones
Punjab United Pesticides & The Company established a Chemicals Limited was new manufacturing facility The Company extended established as a The Company diversified its (pharmaceutical product) into contract research and collaboration between Excel product portfolio into following the acquisition of
Slide 13: Manufacturing facilities
2 Manufacturing facilities at Derabassi & Lalru in Punjab | 1 facility in Pune, Maharashtra with food grade certification. Total Reactor Capability to process reactions Capacity: 2000 KL under extreme conditions All manufacturing sites have Highest standards of safety adherence zero liquid discharge
Slide 14: Divisions, major chemistries and product category
Divisions Major chemistries Product Category ▪ Friedel craft ▪ Chlorination ▪ Hydrazine Agrochemicals/ ▪ Hetrocyclic Fungicide, Herbicide. Manufacturing patented ▪ Oxidation Intermediates ▪ Bromination products under long term agreement/ in- ▪ Benzylation ▪ Methylation house R&D ▪ Azotisation ▪ Freo
Slide 15: Capacity utilisation at Derabassi and Lalru
Derabassi Lalru 73% 80% 85% 75% 68% 72% 71% 73% 70% 54% 47% 58% 23,797 24,338 22,414 19,914 1,391 1,402 18,415 1,345 17,497 1,143 1,018 960 FY20 FY21 FY22 FY23 FY24 9M FY25 FY20 FY21 FY22 FY23 FY24 9M FY25 Note : New products have been commercialized and with improved market condition, scale up is e
Slide 16: Our R&D resource pool
Advanced R&D facility Both facilities have kilo Adding new chemistry ~40% of the new at both Derabassi & lab & pilot plants for scale skill set enquiries from non- Lalru up & commercial trials. agchem space 01 02 03 04 Focused approach to In-house library with a Investments lined up over Build capac
Slide 17: Existing and new products
Existing products New Products Backward Improvement in New Speciality New Markets Agro Chemicals New Chemistry Integration Efficiency Registration Chemicals • Healthy new product pipeline for launch over next 6-12 months • To increase market share / margin • Regular supplies started for some advance
Slide 18: Environment, health and safety initiatives
Stakeholder in new Common Effluent Strong EHS systems, Treatment Plant and also a Waste reduction exercise processes, inspection and member of Common Focusing on process safety taken aggressively with a training to enhance Treatment & Disposal management (PSM) focus on enhanced awareness and Facilit
Slide 19: Target regions for next leg of growth
Target regions for next leg of growth: Latin America, South Asia, European Union Note: The brand names /logos mentioned are the property of their respective owners and are used here for identification purpose only 18
Slide 20: Board of Directors
Mr. Mukesh D. Patel Mr. Shalil Shroff Mr. Vijay Rai Chairman & Managing Non- Executive Non- Non-Executive Non - Director Independent Director Independent Director Ms. Tara Ms. Aruna Bhinge Mr. Sheo Prasad Subramaniam Singh Independent Independent Independent Director Director Director Capt. Surjit S
Slide 21: Key management personnel
Mr. Vinod Gupta Mr. Ashish Nayak Ms. Rishu Chatley Dr. Vijay Kaushik Chief Executive Officer Chief Financial Officer Company Secretary Assistant Vice President- R & D • Chemical Engineer, IIT-B & PGPX, IIM-A • Chartered Accountant and has a • Member of Institute of Company • Ph.D and has done MSc (O
Slide 22: Business Strategy
PUNJAB CHEMICALS AND CROP PROTECTION LTD. 150 9001:2015, ISO 14001:2015 & 1SO 45001:2018 Certified Company Business Strategy
Slide 23: Contract manufacturing and niche products strategy
Partner for Contract Manufacturing Long term engagement favorable for both parties Faster turnaround Become a solution provider to our customers and expand Identify Niche Products/ Customers with relationship to multiple products Basket of Products Sustainability at core of any business expansion. T
Slide 24: Key strengths and way forward
Low-Cost Manufacturing & Consistent Track Changing Industry Way Operator R&D Capability Record Dynamics Forward By ensuring consistent growth Historical association with MNC Global manufacturers are New Technologies & Integrated Developed an efficient cost in value for all stakeholders & Domestic cl
Slide 25: Corporate Social Responsibility
AND CROP PROTECTION LTD. 150 9001:2015, ISO 14001:2015 & 1SO 45001:2018 Certified Company ra PUNJAB CHEMICALS Corporate Social Responsibility
Slide 26: Education, Health, Community Development
Education Health Community Development 25
Slide 27: Performance Track Record
PUNJAB CHEMICALS AND CROP PROTECTION LTD. 150 9001:2015, ISO 14001:2015 & 1SO 45001:2018 Certified Company Performance Track Record
Slide 28: Revenue, EBITDA and PAT FY20-FY24
REVENUE (₹ cr) EBITDA (₹ cr) PAT (₹ cr) +27.9% +49.2% +14.2% 1,006 140 84 933 934 123 113 96 61 678 54 550 49 42 11 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 GEOGRAPHICAL SPLIT (₹ cr) EBITDA MARGIN (%) PAT MARGIN (%) Domestic Export 1,006 15.0 933 934 14.1 12.2 12.1
Slide 29: Capital structure, working capital, return ratios, cash flow
CAPITAL STRUCUTURE (₹ cr) WORKING CAPITAL ANALYSIS D/E 0.9x 0.6x 0.4x 0.3x 0.4x 77 32 52 45 44 121 89 95 85 82 92 96 87 81 330 -75 88 281 -85 -80 226 -100 -102 145 98 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Debt Equity Receivable Days Inventory Days Payable Days RETURN RATIOS (%) CASH FLOW
Slide 30: Contact details
Punjab Chemicals and Crop Protection Ltd. CIN: L24231P81975PLC047063 investorhelp@punjabchemicals.com Orient Capital Mr. Sumeet Khaitan sumeet.khaitan@linkintime.co.in sumeet.khaitan@linkintime.co.in +91 70213 20701 Ms. Masoom Rateria masoom.rateria@linkintime.co.in +91 87189 91940 29
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