Bsl Ltd · NSE:BSL
Bsl — H1 FY24 Earnings Presentation
33 slides from Bsl's earnings presentation
Slide 1: Q2 & H1 FY24 Investor Presentation
Q2 & H1 FY24 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: Table of Content
TABLE OF CONTENT Q2 & H1 FY24 FINANCIAL PERFORMANCE 01 DRIVERS OF GROWTH 02 COMPANY PROFILE 03 ESG INITIATIVES 04 MANAGEMENT TEAM 05 ANNEXURE 06 03 Investor Presentation || Table Of Content Q2 & H1 FY24
Slide 4: Q2 & H1 FY24 Financial Performance
Q2 & H1 FY24 FINANCIAL PERFORMANCE
Slide 5: Chairman Message
CHAIRMAN MESSAGE Commenting on the results, Mr. Arun Churiwal, Chairman of BSL Limited said, “In recent quarters, demand has shown a sluggish trend, mainly due to ongoing inflationary pressures and economic uncertainties. These factors have dented consumer confidence, a situation that persisted thro
Slide 6: Managing Director Message
MANAGING DIRECTOR MESSAGE Commenting on the results, Mr. Nivedan Churiwal, Managing Director of BSL Limited said, “In the second quarter, our business demonstrated remarkable resilience, achieving sales of ₹179 crore, and maintaining a solid EBITDA margin of 8.9%, even in the face of sluggish demand
Slide 7: Q2 & H1 FY24 Key Highlights
Q2 & H1 FY24 KEY HIGHLIGHTS Performance highlights for Q2 FY24 ❑ Revenue from Operations for Q2 FY24 grew by 34.6% to ₹179 crores as compared to ₹133 crores in Q2FY23. ❑ EBIDTA for Q2FY24 stood at ₹16 crores as compared to ₹13 crores in Q2FY23. EBIDTA margin for Q2FY24 stood at 8.9% as compared to 1
Slide 8: Financial Performance: Q2 FY24
FINANCIAL PERFORMANCE: Q2 FY24 Revenue 35% YoY Gross Profit & GP Margin(%) ₹ in Cr 13% YoY 11% QoQ 5% QoQ 179 160 133 71 74 65 49.1% 44.1% 41.3% Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 EBITDA & EBITDA Margin(%) PAT & PAT Margin(%) 20% YoY 5% QoQ 5.1 15.1 15.8 13.2 2.5 2.3 3.8% 9.4% 8.9% 1.4% 10.0%
Slide 9: Financial Performance: H1 FY24
FINANCIAL PERFORMANCE: H1 FY24 Revenue Gross Profit & GP Margin(%) ₹ in Cr 38% YoY 17% YoY 339 145 245 124 50.5% 42.6% H1FY23 H1FY24 H1FY23 H1FY24 EBITDA & EBITDA Margin(%) PAT & PAT Margin(%) 31% YoY 31 24 8 5 9.6% 9.1% 3.2% 1.4% H1FY23 H1FY24 H1FY23 H1FY24 09 Investor Presentation || Financial Per
Slide 10: Segmentwise Revenue Performance: Q2 FY24
SEGMENTWISE REVENUE PERFORMANCE: Q2 FY24 Fabric Furnishing Yarn Others 4% 4% 4% 23% 40% 44% 20% 12% 11% 53% 43% 41% Q2FY23 Q1FY24 Q2FY24 10 Investor Presentation || Financial Performance Q2 & H1 FY24
Slide 11: Sustained Growth Despite Challenges: Q2 FY24
SUSTAINED GROWTH DESPITE CHALLENGES: Q2 FY24 Q2 FY23 ₹ in Cr ❑ During the quarter, we maintained consistent growth momentum, with our Revenue and EBITDA experiencing a year-on-year increase of 34.6% and 20%, respectively. ❑ However, the upcoming launch of our new cotton project in FY24 have lead to
Slide 12: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE ₹ in Cr Revenue Gross profit & GP Margin(%) 472 437 436 250 390 224 210 199 321 166 47.9% 51.0% 51.6% 51.4% 52.9% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA & EBITDA Margin(%) PAT & PAT Margin(%) 17 53 11 40 35 3.6% 31 30 2.6% 11.3% 0.4% 0.4% 9.4% 9.2%
Slide 13: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE ROCE RONW Fixed Asset Coverage Ratio In times 10.9% 16.3% 9.7% 12.9% 7.6% 7.4% 7.3% 3.1 2.3 1.8 1.4 1.3 2.2% 1.7% 1.1% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Net Working Capital ₹ in Cr Net Debt ₹ in Cr Net Debt to Equity 45.7 3.3
Slide 14: Drivers of Growth
B DRIVERS OF GROWTH
Slide 15: Drivers of Growth
DRIVERS OF GROWTH 1. Robust Demand 2. Support Govt. policy 3. China +1 strategy 4. Investments Plan 5. Aggressive Marketing ▪ In 2021, the Indian textile & ▪ India is working on getting a Free ▪ China Plus One sentiment ▪ BSL has recently commenced ▪ BSL Limited’s marketing strategy is apparel indus
Slide 16: Company Profile
COMPANY PROFILE
Slide 17: About BSL
ABOUT BSL Manufacturer of an extremely diverse range of textile products ranging from synthetic, worsted, and now cotton yarn to synthetic & worsted suiting's and a variety of furnishing fabrics. Formed in 1971 and growing from strength to strength. South Asia’s leading supplier of furnishing
Slide 18: Company Profile: Milestones and Capacity
COMPANY PROFILE MILESTONE CAPACITY ▪ BSL has started its Cotton Spinning Project with 29,184 spindles, capable of 2023 producing around 700 tons per month. Production Particulars Capacity ▪ The company took decisive step to venture into furnishing fabrics and over the Mid 2000’s last decade or more,
Slide 19: Business Verticals – Suitings
BUSINESS VERTICALS – SUITINGS BSL PROVIDES FINEST PREMIUM SUITING FABRICS FOR BOTH DOMESTIC & EXPORT MARKETS PV FABRICS PW FABRICS TR FABRICS 19 Investor Presentation || Company Profile Q2 & H1 FY24
Slide 20: Business Verticals - Furnishings
BUSINESS VERTICALS - FURNISHINGS The New Benchmark From Soft Furnishing Fabrics To Upholstery Fabrics & Exquisite Silk Fabrics Offers A Wide Range Of Premium Furnishing CURTAIN FABRICS FURNITURE FABRICS SILK FABRICS 20 Investor Presentation || Company Profile Q2 & H1 FY24
Slide 21: Business Verticals - Yarns
BUSINESS VERTICALS - YARNS THE YARNS DEFINE FABRICS POLY VISCOSE VORTEX YARN YARN POLY WOOL COTTON YARN YARN The highest quality fabrics begin with yarn that comes from a state-of-the-art manufacturing facility. Made of different materials, color patterns, gauges, and weights, our yarns are a testam
Slide 22: Strong Parentage
STRONG PARENTAGE ELECTRODES POWER CONSULTANCY ▪ Indo Canadian Consultancy Services Limited ▪ HEG Limited POWER TEXTILES ▪ Balephi Jal-Vidyut Co. P. Limited - Nepal ▪ BSL Limited ▪ NJC Hydro Power Limited ▪ Maral Overseas Limited ▪ AD Hydro Power Limited ▪ RSWM Limited ▪ Bhilwara Energy Limited ▪ Bhi
Slide 23: ESG Initiatives
ESG INITIATIVES
Slide 24: Environment
ENVIRONMENT M.E.E. – Multiple Effect Evaporator and R.O. Plant Agro-Fuel – From July’22 onwards, in line with Global Sustainability Initiatives, the fuel system for both Boiler & Thermopack is being changed to Agro-Fuel instead of Fossil Fuels. Z.L.D. – Zero Liquid Discharge and E.T.P. – Effluent Tr
Slide 25: Social
SOCIAL Corporate social responsibility is also called corporate conscience, corporate citizenship, social performance, or sustainable business. It is a form of corporate self regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business
Slide 26: Governance
GOVERNANCE Internal Control Systems • The Company has adequate Internal Control Systems, commensurate with the size, scale and complexity of its operations. • The Audit committee quarterly reviews the Executive summary on the internal audit findings along with the recommendations and management comm
Slide 27: Management Team
B MANAGEMENT TEAM
Slide 28: Management Team
MANAGEMENT TEAM Shri Arun Churiwal Shri Nivedan Churiwal Shri Praveen Jain Chairman Managing Director CFO & Director Operations B.A. (Hons), 50+ years of experience B.Com, 23+ years of experience F.C.A., F.C.S., F.C.M.A., 33+ years of experience 28 Investor Presentation || Management Team Q2 & H1 FY
Slide 29: Board Members
BOARD MEMBERS Shri Arun Churiwal Shri Praveen Jain B.A. (Hons), 50+ years of experience F.C.A., F.C.S., F.C.M.A., 33+ years of experience Shri Nivedan Churiwal Shri J. C. Laddha B.Com, 23+ years of experience F.C.A. (Hons), 45+ years of experience Shri Ravi Jhunjhunwala OUR Mrs. Abhilasha Mimani M.B
Slide 30: 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 31: Thank You!
Thank You! GET IN TOUCH WITH US BSL Limited Investor Relation Consultancy Shri Nivedan Churiwal Shri Praveen Jain Rik Consultancy and Advisory Services LLP Managing Director CFO & Director Operations Mr. Ritesh Shashiprakash Singh E: nivedan@bslltd.com E: praveenjain@bslsuitings.com M: +91 8329 3857
Slide 32: Annexure: Profit & Loss Statement
ANNEXURE Profit & Loss Statement ₹ in Cr Quarterly Half-Yearly Yearly Parameter Q2FY24 Q1FY24 QoQ Q2FY23 H1FY24 H1FY23 FY23 Total Income 178.9 160.8 11.3% 132.9 339.7 245.6 472.7 Raw Material Cost 101.9 84.7 63.6 186.6 129.6 254.0 Employee Cost 23.1 22.6 19.4 45.7 38.0 75.5 Power Cost 14.3 14.3 12.7
Slide 33: Annexure: Balance Sheet Highlights
ANNEXURE Balance Sheet Highlights ₹ in Cr Assets H1 FY24 FY23 Liabilities H1 FY24 FY23 Non-current Assets 232.0 232.5 Shareholders' Fund 106.8 104.1 Fixed Assets 221.4 226.1 Share Capital 10.3 10.3 Investments 2.8 2.8 Reserve & Surplus 96.5 93.8 Other Non-current Assets 7.8 3.6 Non-current Liabiliti