Nitin Spinners Limited · NSE:NITINSPIN
Nitin Spinners — Q2 FY25 Earnings Presentation
20 slides from Nitin Spinners's earnings presentation, Nov 7, 2024
Slide 1: Investors' Presentation filing letter to BSE and NSE
LTD. BSE Ltd. National Stock Exchange of lndia Limited Ph i roze Jeejeeb hoy Towers Exchange Plaza, DalalStreet Bandra Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai- 400 051. Company lD - NITINSPIN Company Code - 532698 Sub. : lnvestors' Presentation on the Financial Results for the Quarter and H
Slide 2: Nitin Spinners Limited Investor Presentation Q2 & H1 FY25
Nitin Spinners Limited Investor Presentation Q2 & H1 FY25
Slide 3: Safe Harbor
SAFE HARBOR 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 securi
Slide 4: Management Commentary – Q2 & H1FY25
MANAGEMENT COMMENTARY – Q2 & H1FY25 Commenting on the results, Mr. Dinesh Nolkha – Chairman and Managing Director said, "Our strategic focus on value added segments, optimum utilization of expanded capacities and cost efficiencies, helped us achieving encouraging performance during the quarter despi
Slide 5: Financial Result Snapshot – Q2 & H1FY25
FINANCIAL RESULT SNAPSHOT – Q2 & H1FY25 The Company achieved its highest ever half yearly revenue amidst geopolitical challenges Total Revenue EBITDA PAT Rs. 822.52 Crs Rs. 115.15 Crs Rs. 42.16 Crs Q2 FY25 Up 33.00% YoY Up 11.54% YoY Up 40.46% YoY H1 FY25 Rs. 1,625.49 Crs Rs. 233.95 Crs Rs. 84.28 Cr
Slide 6: Revenue Bifurcation
REVENUE BIFURCATION Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 Products Rs. Crs % Rs. Crs % Rs. Crs % Rs. Crs % Rs. Crs % Yarn 596.9 72.6% 517.3 70.2% 585.9 72.9% 1,182.8 72.8% 927.1 68.5% Fabrics 185.7 22.6% 177.9 24.1% 173.3 21.5% 359.1 22.1% 340.5 25.1% Others 39.9 4.8% 42.2 5.7% 43.7 5.4% 83.6 5.1%
Slide 7: Production and Sales Volumes
PRODUCTION AND SALES VOLUMES Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 Production Yarn (MT) 27,255 21,824 26,299 53,554 40,783 Knitted Fabric 1,657 1,154 1,300 2,957 1,896 Woven & Finished Fabrics Griege Woven Fabric Production (Mn Mtrs) 9.02 8.79 8.80 17.82 17.79 Finished Fabric Production (Mn Mtrs)
Slide 8: Profit & Loss Statement
PROFIT & LOSS STATEMENT Particulars (Rs. Crs) Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1FY25 H1FY24 Y-o-Y Total Revenue 822.52 737.40 11.54% 802.97 2.43% 1,625.49 1,354.52 20.00% EBITDA 115.15 81.98 40.46% 118.80 -3.07% 233.95 158.08 47.99% EBITDA Margin (%) 14.00% 11.12% 288 bps 14.80% -80 bps 14.39% 1
Slide 9: Balance Sheet Statement
BALANCE SHEET STATEMENT Current Ratio Assets (Rs. Crs) Sept-24 Mar-24 Equity & Liabilities (Rs. Crs) Sept-24 Mar-24 Non-current assets 1,670.34 1,729.93 EQUITY 1,217.66 1,146.33 1.67 1.53 Property, Plant and Equipment 1,647.29 1,708.24 Equity Share Capital 56.22 56.22 Capital work-in-progress 0.00 2
Slide 10: Cash Flow Statement
CASH FLOW STATEMENT Particulars (Rs. Crs) 30-Sept-24 30-Sept-23 Operating profit before working capital changes 237.04 159.30 Changes in working capital 26.00 53.59 Cash generated from operations 263.04 212.89 Direct taxes paid (net of refund) -20.71 -16.56 Net Cash from Operating Activities 242.33
Slide 11: Nitin Spinners – At a Glance
NITIN SPINNERS – AT A GLANCE India’s Leading manufacturer of Cotton & Blended Yarn, Knitted Fabrics, Greige & Finished Woven Fabrics Established in 1992 Headquartered in Bhilwara H1 FY25 (Rajasthan) 1,625 Crs 234 Crs | 14.4 % 84 Crs | 5.2% Plants located at Bhilwara & Chittorgarh, Revenue EBITDA | M
Slide 12: The Evolution
THE EVOLUTION 1993 1993 1999 1995 2002 2003 2005 2005 ▪ Commenced Operations With Open-End ▪ Total Installed Rotors Reached ▪ Ventured into Ring Spinning by ▪ Ring Spinning Capacity Doubled to Spinning - Installed 384 Rotors with an 1,464 Installing 14,112 Spindles Forward 27,216 Spindles and Knitti
Slide 13: Product Portfolio
PRODUCT PORTFOLIO Wide Product Range & End-User Application Yarn Knitted Fabric Finished Woven Fabric The company offers a wide range of products to cater An extensive portfolio of knitted fabrics to meet the A complete range of Dyed and Printed Fabrics for varied customer needs and end user applica
Slide 14: Strong Presence in Domestic & Major International Markets
STRONG PRESENCE IN DOMESTIC & MAJOR INTERNATIONAL MARKETS ~64% of Total revenue comes from exports Global Presence 50+ Countries Revenue Breakup(%) CANADA EUROPE USA CHINA Domestic 27 37 44 41 36 INDIA AFRICA BANGLADESH Export 73 63 56 59 64 S AMERICA FY21 FY22 FY23 FY24 H1 FY25 AUSTRALIA 13 The Map
Slide 15: Capacity Expansion Over the Years: Seamless Execution
CAPACITY EXPANSION OVER THE YEARS: SEAMLESS EXECUTION 76,992 Spindles 127488 Spindles 54 Weaving Machines 72,480 Spindles 72,960 Spindles 168 Weaving machines 7,296 Spindles 14 Knitting machines 264 Airjet Spinning Positions Total Capabilities 18 Knitting machines 14 Knitting machines 553 Rotors 331
Slide 16: Cost Efficient Operating Model
COST EFFICIENT OPERATING MODEL 01. Our best in-class technology and state-of- art machineries results in cost efficiency, 04. With focused endeavors on R&D and faster turn around and further enhances our value enhancement, we have successfully efficiency quotient entered multiple markets 05. Optimum
Slide 17: Way Forward
WAY FORWARD 1 CONSOLIDATION OF LEADERSHIP POSITION Strive to maintain the leadership position garnered over the years with consistent growth PROPORTION OF VALUE-ADDED PRODUCTS 2 Increase the proportion of value-added products to better margins and bottom line IMPROVING COST EFFECIENCY 3 Continued fo
Slide 18: CSR and Environment Sustainability Initiatives
CSR AND ENVIRONMENT SUSTAINABILITY INITIATIVES Conservation of water by installing Construction of Women hostel Zero liquid discharge system, in Bhilwara Sewage water treatment plant and Rainwater Harvesting Contribution for cotton Renewable Solar power capacity of development and research 18.8 MW b
Slide 19: Awards and Certifications
AWARDS AND CERTIFICATIONS Key Awards & Accolades Recent Awards by TEXPROCIL Gold Trophy for Highest Exports of Cotton Yarn of Counts 50s and below in Category III for the year 2022-2023 Gold Trophy for Highest Employment Generation (Overall) for the year 2022-23 Gold Plaque for Highest Exports of Co
Slide 20: Company and Investor Relations Advisors contacts
Company : Investor Relations Advisors : CIN: L17111RJ1992PLC006987 CIN: U74140MH2010PTC204285 Mr. P Maheshwari - CFO Ms. Manasi Bodas / Mr. Shogun Jain pmaheshwari@nitinspinners.com manasi.bodas.@sgapl.net/shogun.jain@sgapl.net +91 9821043510 / +91 7738377756 www.nitinspinners.com www.sgapl.net