Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — Q4 FY2023 Earnings Presentation
40 slides from Shree Pushkar Chemicals & Fertilisers's earnings presentation, May 16, 2023
Slide 1: Scalable & Sustainable: Q4 & FY23 Investor Presentation
SCALABLE & SUSTAINABLE Unique Zero Waste Company Shree Pushkar Chemicals & Fertilisers Limited Q4 & FY23 Investor Presentation
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shree Pushkar Chemicals & Fertilisers Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or
Slide 3: Index
Index Particulars Page no. Financial Performance 4-11 Competitive Edge 12-24 ESG Initiatives 25-29 Company Overview 30-40 SAFETY SOCIETY ECO-FRIENDLY ENVIRONMENTAL 3
Slide 4: Financial Performance
Financial Performance 4
Slide 5: Key Highlights
Key Highlights Q4 & FY23 Highlights Q4 & FY23 Financial Highlight Company Highlights Electricity generation commissioned in FY22 for two solar projects of 2.60 MW_DC each (Total 5.2 MW_DC) Revenue EBITDA PAT which was meant for Unit I and Unit V. Q4FY23 180.3 20.4 12.8 Crores Crores Crores Unit V ha
Slide 6: Q4 & FY23 Consolidated Financial Highlights
Q4 & FY23 Consolidated Financial Highlights Revenue (Rs. in Crs) Revenue EBIDTA (Rs. in Crs) EBIDTA PAT (Rs. PATin Crs) +17% 684.0 79.7 55.5 584.0 68.4 37.2 -6% 192.1 180.3 19.3 20.4 14.0 12.8 Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23 Gross Profit Margins (%) EBIDTA Mar
Slide 7: Q4 & FY23 Operational Highlights
Q4 & FY23 Operational Highlights Sales Volume Chemicals (MT) Fertilisers (MT) Total (MT) +109% -8% +17% 36,931 66,961 98,693 Standalone 61,762 84,668 -30% +98% -10% 17,708 26,260 9,659 18,423 31,144 28,082 4,884 Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23 +66% -7% +1% Con
Slide 8: Q4 & FY23 Consolidated Profit & Loss Statement
Q4 & FY23 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. in Crs.) Q4FY23 Q4FY22 Y-o-Y Q3FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Operations 180.3 192.1 -6% 153.7 17% 684.0 584.0 17% Cost of Materials Consumed 105.8 120.3 104.5 431.1 375.5 Changes in Inventories -0.6 4.5 -7.2 -0.1 -
Slide 9: Balance Sheet
Balance Sheet Equity & Liabilities (₹ Cr) Mar’23 Mar’22 Assets (₹ Cr) Mar’23 Mar’22 Equity Non-Current Assets (a) Equity Share Capital 31.6 30.8 (a) Property, plant and equipment 307.7 189.8 (b) Other Equity 406.0 364.7 (b) Capital Work-in-Progress 0.0 109.8 Total Equity 437.6 395.5 (c) Goodwill 4.9
Slide 10: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Crs.) Mar-23 Mar-22 Cash Flow from Operating Activities Profit before Tax 55.6 70.8 Adjustment for Non-Operating Items 13.4 9.2 Operating Profit before Working Capital Changes 69.0 80.0 Changes in Working Capital -6.8 -27.0 Cash Generated from Operations
Slide 11: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. in Crs) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Revenue from Operations 684.0 584.0 354.9 346.3 451.9 395.3 Cost of Materials Consumed 431.1 375.5 199.6 209.6 290.0 295.9 Changes in Inventories -0.1 -17.7 12.4 4.8 12.6 -2
Slide 12: Competitive Edge
Competitive Edge 12
Slide 13: Unique Positioning
Unique Positioning Fully - Integrated Strong Operating player Cash Flow Unique Zero Diversified Waste Company Product mix Turnaround Capacity Expansion Acquisitions Funded Capex from Environmental, Internal Accruals Social & Governance “One-stop shop” for the Textile Effects industry Fertilizers and
Slide 14: Capacity Expansions
Capacity Expansions Chemicals excluding Acid (MTPA) Chemicals including Acid (MTPA) Fertilisers (MTPA) Chemicals Acid +50.5% +38.5% 21,460 21,460 5,90,200 4,26,200 14,060 14,060 14,260 14,260 4,02,200 106,000 2,52,200 2,52,200 14,060 14,060 14,260 14,260 40,000 40,000 40,000 40,000 FY19 FY20 FY21 FY
Slide 15: Capex Plan – Solar & Unit V
Capex Plan – Solar & Unit V Commissioned - Solar Plant Unit V Electricity generation commissioned in FY22 for two solar Unit V has started its commercial production and trial. Further projects of 2.60 MW_DC each (Total 5.2 MW_DC) which was an amount of Rs.120.48 crores has been capitalised up to 31s
Slide 16: Capex funded through Internal Accruals
Capex funded through Internal Accruals Zero Debt Company In-house Funding of Capex plans Non-Lien Deposits of ~ Rs. 94.91 crs Unit 5 & Madhya Bharat Plants Unit 1 & Unit 2 Acquisition of Madhya Bharat Solar Power Plant: Revamp Unit 1: Total Capex planned Unit 5: (2 units): Planned Capex of Planned C
Slide 17: Alongside Generating Cash to Support Future Growth
Alongside Generating Cash to Support Future Growth Sufficient cash generated over the years to fund the capex requirements & growth of the business Surplus Cash (Rs. in Crs) OCF / EBIDTA (%) 56 FY19 37 83% 19 Cash generated to manage capex through internal accruals 76 FY20 21 150% 55 46 FY21* Self-s
Slide 18: Strong Operating Cash Flows
Strong Operating Cash Flows Operating Cash Flows (Rs. in Crs) OCF / EBIDTA (%) 75.6 150% 62.0 55.8 53.0 46.0 95% 91% 83% 66% -4.7 -8% FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 Sustainable cash flow from operations, self sufficient for any further growth opportunities SAFETY SOCIETY
Slide 19: Net Cash Company
Net Cash Company Total Debt Cash & Investments Net Cash 88.3 100.1 35.0 90.4 64.6 65.1 68.3 53.8 60.2 14.6 46.7 49.0 11.3 39.9 2.1 19.8 -6.8 -44.8 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 Net cash company despite of continuous acquisitions and expansi
Slide 20: Pan India Distribution
Pan India Distribution Presence in key states and near to major raw material suppliers Multi-location Manufacturing facilities for efficient supplies Near to End-use market –Customer’s for fertilizers & crop protection from our 14 offices across India Strategic located manufacturing units offering n
Slide 21: Diversified Product mix
Diversified Product mix Dye Animal Health & Dyestuff Fertilisers Acid Complex Nutrition Intermediates • Gamma Acid • Single Super Phosphate • K- Acid (SSP) • Sulphuric Acid • Specialty Dyes • R-Salt • Soil Conditioner, • Oleum • Di- Calcium Phosphate • Vinyl Sulphone • Nitrogen Phosphorus (DCP) • Me
Slide 22: Turnaround of Acquisitions
Turnaround of Acquisitions Kisan Phosphates Pvt. Ltd. (KPPL) Madhya Bharat Phosphate Pvt Ltd (MBPPL) ❖ Acquired 100% in FY18 ❖ Acquired 100% in 2020-21 ❖ Engaged in the manufacturing of Single Super Phosphate and Animal health & ❖ Engaged in the manufacturing of Single Super Phosphate along with Ani
Slide 23: World class Manufacturing facilities
World class Manufacturing facilities Strategically Located Manufacturing Plants… Unit 1: Acids, Dye Unit 2: Fertilizers SSP, NPK & Unit 3: Reactive Dyes & Dye Unit 4: Fertilizers SOP Intermediates & Animal Health Soil Conditioners Intermediates & Calcium Chloride & Nutrition Unit 5: Dye Intermediari
Slide 24: Experienced Board of Directors
Experienced Board of Directors • Holds a Bachelor’s degree in Commerce from Mumbai University and has more • He holds a Bachelor’s degree in Electronics and Telecommunications from Mumbai than 2 decades of experience in the chemical industry and specializes in the University and Master’s degree in B
Slide 25: ESG Initiatives
ESG Initiatives 25
Slide 26: Environmental, Social & Governance
Environmental, Social & Governance Company reduced 11% of Company reduced 15% of •Carbon/ Green House Gas energy consumption over the coal consumption over the emissions reduction by 7% last 5 years last 5 years Renewable energy – Water usage reduction – Reduction of Plastic 5.2 MW_DC solar plant 17
Slide 27: Environmental, Social & Governance
Environmental, Social & Governance An Initiative towards Conservation of Resource Reduction in Energy Conservation of Water Reduction in Plastic Hazardous/Toxic Waste Consumption Consumed Consumption Management • Installed a captive power plant based • Substandard acidic effluents by- • Currently pa
Slide 28: Environmental, Social & Governance
Environmental, Social & Governance Provides Maternity leaves, Group Insurance, PF system & Gratuity Schemes Holds regular fire drills & safety drills for the employees & laborers of the factory. provision for first aid on every site, & people are trained in case of an emergency The site also has an
Slide 29: CSR Initiatives
CSR Initiatives SHREE PUSHKAR FOUNDATION SHREE PUSHKAR FOUNDATION (“the Foundation”) registered under the Bombay Public Trusts Act, 1950 and was established in 2019 with a vision to boosting our CSR initiatives Company undertakes various initiatives such as education for under privileged, health and
Slide 30: Company Overview
Company Overview 30
Slide 31: Shree Pushkar Chemicals & Fertilisers at a Glance
Shree Pushkar Chemicals & Fertilisers at a Glance SHREE PUSHKAR thrives to take care of the people and the environment and strongly believe in the concept of ‘True Sustainability’ • Started manufacturing Dye Intermediates in 2001 and dyes in 2016, These factors that make us truly sustainable have Fu
Slide 32: Journey so far
Journey so far 1993 2001 2002 2010 2011 2015 2016 Commenced Dye Intermediate Backward Set up our own Started ✓ The company Forward Trading ✓ Change of focus integration Acid Complex Manufacturing successfully gets Integration ✓ Importing of from trading to ✓ Started ✓ Started Single Super listed on
Slide 33: Chemical Business
Chemical Business Acid Complex Dye Intermediates Dye stuff Compound capable of Single product in 2001 to over 10 Own established brand of neutralizing alkalis products now Reactive Dyes • One of the leading manufacturer of reactive dyes • Wide portfolio under one roof like H-Acid, VS, K- primarily u
Slide 34: Chemical Business: Capacity and Revenue
Chemical Business Capacity Build up (MTPA) Dye Stuff 15,460 Dye Intermediates 8,060 8,060 8,060 8,060 8,060 8,260 8,260 6,000 6,000 6,000 6,000 6,000 6,000 6,000 4,910 3,600 0 2015 2016 2017 2018 2019 2020 2021 FY22 FY23 Dye Intermediates* (Rs. in Crs) Dye Stuff (Rs. in Crs) Total (Rs. in Crs) Reven
Slide 35: Fertiliser Business
Fertiliser Business Among the Top 5 manufacturer of SSP in India Fertilisers ▪ Portfolio consists of more than 15 types of different grades of Fertilizers ▪ Own distribution and dealership network mainly in the states of Haryana, Punjab, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Mahar
Slide 36: R&D Breakthroughs
R&D Breakthroughs • Fully integrated, research based, innovative chemical and fertilizers manufacturing Company having our own Research and Development team working relentlessly towards product development • Strong R&D team who strive to make all the difference with their specialized skills and dedi
Slide 37: Well balanced forward & backward integrated plant
Well balanced forward & backward integrated plant • Effectively manages its raw material and ensures a constant Integrated supply of consistent quality due Cost Efficiencies & to its vertical business Chemical Company integration Operating Leverage • Forward & Backward integration ensures continuous
Slide 38: Certifications
Certifications • “Bluesign” accreditation, which is recognized amongst the best in the world and the Company has earned the status of “System Partner” international environmental guidelines Certifications complying with local and • The BlueSign system is the solution for a sustainable textile produc
Slide 39: Our Core Strengths: Our Expertise
Our Core Strengths: Our Expertise Inorganic Growth Fast Paced Growth in Pan India Presence Dyestuffs Low Financial Cost Efficiencies Leverage Zero Waste Business Own Power Generation Model Internal Logistics Fleet SAFETY SOCIETY ECO-FRIENDLY ENVIRONMENTAL 39
Slide 40: Thank You
Thank You Company : Investor Relations Advisors : Shree Pushkar Chemicals & Fertilisers Limited Orient Capital (a division of Link Group) CIN: L24100MH1993PLC071376 Mr. Bhavya Shah: +91 8082748577 Mr. Nitesh Pangle- Compliance Officer & bhavya.shah@linkintime.co.in Company Secretary Mr. Rajesh Agraw
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