Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — Q2 FY23 Earnings Presentation
41 slides from Shree Pushkar Chemicals & Fertilisers's earnings presentation, Nov 14, 2022
Slide 1: Scalable & Sustainable: Q2 FY23 Investor Presentation
SCALABLE & SUSTAINABLE Unique Zero Waste Company Shree Pushkar Chemicals & Fertilisers Limited Q2 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 4-12 Competitive Edge 13-25 ESG Initiatives 26-30 Company Overview 31-41 SAFETY SOCIETY ECO-FRIENDLY ENVIRONMENTAL 3
Slide 4: Financial Performance
Financial Performance 4
Slide 5: Key Highlights
Key Highlights Update on Capex & Solar Projects Electricity generation commissioned in FY22 for two solar projects of 2.00 MW_AC/2.60 MW_DC each (Total 5.2 MW_DC) which was meant for Unit I and Unit V. Unit V has partly started its commercial production with respect to Acid Complex and Intermediates
Slide 6: H1 FY23 Consolidated Financial Highlights
H1 FY23 Consolidated Financial Highlights Revenue (Rs. in Crs) Revenue EBIDTA (Rs. in Crs) EBIDTA PAT (Rs. PATin Crs) +37.5% -14.7% -33.7% 350.0 40.8 29.1 34.8 254.6 19.3 H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 Gross Profit Margins (%) EBIDTA Margins (%) PAT Margins (%) 40% 16% 11% 35% 10% 6% H1FY
Slide 7: Q2 FY23 Operational Highlights
Q2 FY23 Operational Highlights Sales Volume Chemicals* (MT) Fertilisers (MT) Total (MT) +64.5% +50.5% -14.6% 1,950 14,864 16,529 Standalone 1,665 9,034 10,984 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY23 +20.9% +19.6% -14.6% Consolidated 1,950 65,755 67,420 1,665 54,402 56,352 Q2FY22 Q2FY23 Q2FY22 Q2FY
Slide 8: H1 FY23 Operational Highlights
H1FY23 Operational Highlights Sales Volume Chemicals* (MT) Fertilisers (MT) Total (MT) -1.4% +10.9% +9.5% 3,698 3,646 31,304 34,950 Standalone 28,231 31,929 H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 -1.4% +5.7% +5.4% Consolidated 3,698 3,646 1,07,192 1,13,259 1,10,890 1,16,905 H1FY22 H1FY23 H1FY22 H
Slide 9: Q2 FY23 Consolidated Profit & Loss Statement
Q2 FY23 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. in Crs.) Q2FY23 Q2FY22 Y-o-Y Q1FY23 Q-o-Q H1FY23 H1FY22 Y-o-Y Revenue from Operations 181.3 136.1 33% 168.8 7% 350.0 254.6 38% Cost of Materials Consumed 122.6 85.5 98.1 220.7 156.8 Changes in Inventories 0.2 -5.0 7.5 7.7 -3.0
Slide 10: Balance Sheet
Balance Sheet Equity & Liabilities (Rs. in Crs) Sep-22 Mar-22 Assets Sep-22 Mar-22 Equity Share Capital 31.6 30.8 Non-Current Assets Other Equity 388.1 364.7 Property, Plant and Equipment 267.4 189.8 Total Equity 419.7 395.5 Capital Work-in-progress 40.6 109.8 Non-Current Liabilities Non-Current Fin
Slide 11: Cash Flow Statement
Cash Flow Statement Cash Flow Statement Sep-22 Sep-21 Cash Flow from Operating Activities Profit before Tax 28.9 36.8 Adjustment for Non-Operating Items 6.3 4.8 Operating Profit before Working Capital Changes 35.2 41.6 Changes in Working Capital 9.2 39.0 Cash Generated from Operations 26.0 2.6 Less:
Slide 12: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. in Crs) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Revenue from Operations 584.0 354.9 346.3 451.9 395.3 305.9 Cost of Materials Consumed 375.5 199.6 209.6 290.0 295.9 217.6 Changes in Inventories -17.7 12.4 4.8 12.6 -23.8 -
Slide 13: Competitive Edge
Competitive Edge 13
Slide 14: 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 15: Capacity Expansions
Capacity Expansions Chemicals* (in. MTPA) Fertilisers (in. MTPA) +50.5% +38.5% 21,460 5,90,200 4,26,200 14,060 14,060 14,260 14,260 4,02,200 2,52,200 2,52,200 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 All capex funded through Internal Accruals *Excl. Acids Capacity SAFETY SOCIETY ECO-FRIENDL
Slide 16: Capex Plan – Solar & Unit V
Capex Plan – Solar & Unit V Commissioned - Solar Plant Ongoing - Unit V Electricity generation commissioned in FY22 for two solar Unit V has partly started its commercial production with projects of 2.00 MW_AC/2.60 MW_DC each (Total 5.2 MW_DC) at respect to Acid Complex and Intermediates. Further, a
Slide 17: Capex funded through Internal Accruals
Capex funded through Internal Accruals Zero Debt Company In-house Funding of Capex plans Non-Lien Deposits of ~ Rs. 109.9 crs Unit 5 & Madhya Bharat Plants Unit 1 & Unit 2 Acquisition of Madhya Bharat Solar Power Plant: Revamp Unit 1: Total Capex planned Dye-intermediates capex of Rs. 175 crs (2 uni
Slide 18: 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 Self-sufficient
Slide 19: Strong Operating Cash Flows
Strong Operating Cash Flows Operating Cash Flows (Rs. in Crs) OCF / EBIDTA (%) 75.6 150% 55.8 53.0 46.0 95% 83% 66% -4.7 -8% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Sustainable cash flow from operations, self sufficient for any further growth opportunities SAFETY SOCIETY ECO-FRIENDLY ENVIR
Slide 20: Net Cash Company
Net Cash Company Total Debt Cash & Investments Net Cash 88.3 90.4 14.6 11.3 64.6 68.3 60.2 53.8 46.7 49.0 2.1 39.9 19.8 -6.8 -44.8 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Net cash company despite of continuous acquisitions and expansion over the years SAFETY SOCIET
Slide 21: 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 22: 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 23: 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 24: 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 25: 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 26: ESG Initiatives
ESG Initiatives 26
Slide 27: 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 28: 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 29: 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 30: 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 31: Company Overview
Company Overview 31
Slide 32: 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 33: Journey so far
Journey so far 1993 2001 2002 2010 2011 2015 Commenced Dye Intermediate Backward Set up our own Started ✓ The company Trading ✓ Change of focus integration Acid Complex Manufacturing successfully gets listed ✓ Importing of from trading to ✓ Started ✓ Started Single Super on the National Stock chemic
Slide 34: 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 35: Chemical Business: Revenue from Operations
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 36: 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 37: 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 38: 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 39: 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 40: 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 40
Slide 41: Thank You
Thank You Company : Investor Relations Advisors : Shree Pushkar Chemicals & Fertilisers Limited Orient Capital (a division of Link Group) CIN: L24100MH1993PLC071376 Ms. Rasika Sawant: +91 9594457518 Mr. Nitesh Pangle- Compliance Officer & Rasika.sawant@linkintime.co.in Company Secretary Mr. Rajesh A
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