Madhya Bharat Agro Products Ltd. · NSE:MBAPL
Madhya Bharat Agro Products — Q1 FY2025 Earnings Presentation
26 slides from Madhya Bharat Agro Products's earnings presentation, Jul 29, 2024
Slide 1: Exchange intimation of results presentation
Date: 29.07.2024 National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex, Bandra (East) Mumbai-400 051 Company Code: MBAPL Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
Slide 2: Q1FY25 Financial Results Presentation
Madhya Bharat Agro Products Ltd (MBAPL) [A unit of Ostwal Group of Industries] Q1FY25 Financial Results presentation
Slide 3: Forward Looking Statement
Forward Looking Statement Disclaimer:- This presentation may contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating Madhya Bharat Agro Products Ltd (MBAPL) future business developments
Slide 4: Recent Updates & Quarterly Performance
Recent Updates & Quarterly Performance
Slide 5: Financial Performance Updates – Quarterly
Financial Performance Updates – Quarterly • Revenue at INR 200.4 Cr; up ~35% YoY. • EBITDA at INR 35.4 Cr; up ~41% YoY. (EBITDA per ton is ~ INR 4,584) • EBITDA Margins have improved by 75bps YoY at 17.6% • PAT at INR 11.5 Cr (up 60% YoY) Above performance was attributable to: - Increased production
Slide 6: Performance Trend for the Quarter
Performance Trend for the Quarter REVENUE (Rs. Crore) 60.0 EBITDA (Rs. Crore) EBITDA Margins (%) 19.00% 50.0 17.6% 18.00% 200.4 17.00% 40.0 16.8% 149.0 16.00% 30.0 35.4 15.00% 20.0 25.1 14.00% 10.0 13.00% 0.0 12.00% Q1FY24 Q1FY25 Q1FY24 Q1FY25 • Growth in both SSP and NPK Sales volume are more than
Slide 7: Key Updates & Outlook
Key Updates & Outlook • Updates on NFL Marketing Tie up • We Started supplying NPK to NFL in this quarter with a single state and slowly increasing our spread in more. We are upbeat on the future of this alliance. • Dhule, Maharashtra Project: Phosphoric Acid; Sulphuric Acid and Other Chemicals • Th
Slide 8: Production Volumes
Production Volumes Production (MT) FY24 Q1FY24 Q1FY25 Chemical & Intermediates - BRP (Crushing) 151,729 33,420 28,688 - Sulphuric Acid 101,757 18,632 45,624 - Phosphoric Acid 22,714 4,243 7,936 Fertiliser - SSP 183,843 51,216 50,337 - DAP 26,503 - 1,900 - NPK 100,488 31,827 33,429
Slide 9: Results Table
Results Table Q1 Y-o-Y Q4 Q-oQ FY Y-o-Y (Rs. in Cr) FY2025 FY2024 Growth (%) FY2024 Growth (%) FY2024 FY2023 Growth (%) Revenue from operations 200.4 149 34.5 145.7 37.5 816.9 982 -16.8 Other income 1.6 1.1 45.5 8.8 -81.8 10.9 5.2 109.6 Total income 202 150.1 34.6 154.5 30.7 827.8 987.2 -16.1 Cost o
Slide 10: Company & Industry Performance
Company & Industry Performance COMPANY SALES VOLUME (‘000 tons) SSP NPK 43.5 ; YoY 19.2% DAP 36.5 ; YoY (-22.2%) 31.4 ;YoY 73.6% 18.1 ; YoY 17.8% 1.9 - Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 INDUSTRY SALES VOLUME (‘000 tons) SSP NPK DAP 1,084 ; YoY 2,185 ; YoY 976 ; 2,169 ; Y0Y (-10.1%) 42.1% 1,9
Slide 11: Chairman’s Quote
Chairman’s Quote “We are delighted to kick start the year on a favorable note with various developments. First of all, the project of setting up a Phosphoric Acid and Sulphuric Acid at the new location in Dhule, Maharashtra has received the pollution board approval and is on track. We expect the fin
Slide 12: MBAPL – an overview
MBAPL – an overview अन्नदाता का साथ, ककसान का विकास
Slide 13: Overview
Overview • MBAPL, a part of Ostwal Group of Industries, is led by Mr. MK Ostwal, a first generation technocrat entrepreneur. • Mr. Ostwal is regarded as one of the pioneers of Single Super Phosphate (SSP) manufactured from BRP. He along with his sons Mr. Pankaj Ostwal and Mr. Praveen Ostwal have mas
Slide 14: Journey so far & way forward
Journey so far & way forward Incorporated in 1997 was Began SSP & Sulphuric Migrated to NSE taken over by OGI with its Acid & got listing on NSE Main board of stock 60,000 MT SSP plant in 2004. SME Emerge. exchange 2004 2012 2016 2017 2019 Commenced Beneficiated Commenced GSSP Rock Phosphate (BRP) a
Slide 15: Strategic Location with regular capacity additions
Strategic Location with regular capacity additions Finished Goods Capacities (MT) 240000 240000 240000 Uttar Pradesh 240000 240000 Close proximity to market enabling shorter 120000 delivery time and swifter availability of fertilizer Gujarat to farmers Dahej Seaport Madhya Pradesh • Low grade rock p
Slide 16: Only Manufacturer in India with Full Backward Integration
Only Manufacturer in India with Full Backward Integration Beneficiated Rock Sulphuric Acid & Single Super SSP Powder & Granular form Phosphate Water Phosphate Annual capacity : 240,000 MT Beneficiation of Low grade rock to High In house Sulphuric grade rock plant with acid plant with Phosphoric Acid
Slide 17: Capacity Utilisation
Capacity Utilisation Capacity Capacity Chemical & Intermediates Volumes (in ‘000MT) Production utilisation (%) utilisation (%) capacity (MTPA) Q1FY24 Q1FY25 FY22 FY23 FY24 152 DAP/NPK 240,000 53% 59% 111 120 101 89 89 SSP/GSSP 240,000 85% 84% 23 9 14 Organic Fertiliser 60,000 30% 55% BRP (Crushing)
Slide 18: Competitive Advantage
Competitive Advantage PROVEN track ONLY Fully Backward BENEFITS of record Manufacturer Economies of Scale Time and again promoters have Ability to beneficiate a low-grade Rock Ostwal Group is 2nd largest SSP acquired & turnaround loss making Phosphate to High Grade Rock manufacturer enabling discoun
Slide 19: Focus farmer connect and sustainability
Focus farmer connect and sustainability Sustainability Focus on quality MBAPL is committed to sustainable fertilizer for agriculture. The company’s fertilizers enrichment of crop are designed to minimize the impact on soil and water resources and NABL accredited reduce greenhouse gas emissions. la
Slide 20: Expansion Plans: Investment Outlay - ~Rs. 800cr over 2-3 years
Expansion Plans: Investment Outlay - ~Rs. 800cr over 2-3 years Maharashtra (to be commissioned in phases starting October 2026) o- Phosphoric Acid – 165,000 MT o- Sulphuric Acid – 396,000 MT • The Group has entered into a definitive agreement with Birla Copper to purchase a fertilizer plant along wi
Slide 21: Promoters
Promoters Mr. M.K. Ostwal Mr. Pankaj Ostwal Mr. Praveen Ostwal Promoter, Chairman & Promoter & Managing Director Promoter & Director Director Aged 43 years he is a C.A by Aged 46 years is a C.A by Aged 68 years has a vast qualification & has 20 years qualification with 23 years 44 years experience i
Slide 22: Annexures
& OSTWAL Annexures a en
Slide 23: Historical Financial Performance
Historical Financial Performance Revenue (Rs. Crore) EBITDA (Rs. Crore) Margin (%) 26.7% 22.5% 21.7% 21.8% 982 817 13.3% 491 215 131 186 42 107 108 35 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 ROE (%) ROCE (%) PAT (Rs. Crore) Margin (%) 45.3% 12.6% 11.3% 10.8% 11.6% 35.1% 124 37.80% 18.5% 15
Slide 24: Ratios & Cashflow
Ratios & Cashflow (Rs. in Crores) Particular FY2024 FY 2023 FY 2022 FY 2021 FY 2020 Cash Flow Summary Cash and Cash Equivalents at Beginning of the year 6.01 0.01 0.18 0.95 0.05 Net Cash from Operating Activities 149.04 -70.04 -71.93 30.04 14.44 Net Cash Used in Investing Activities -93.64 -65.31 -1
Slide 25: Key Ratios
Key Ratios FY2024 FY 2023 FY 2022 FY 2021 FY 2020 Operational Ratio EBITDA/tonne (Rs.) 3,700 7,347 4,578 2,152 2,446 Financial Ratios Debt-Equity Ratio 0.83 0.98 0.80 0.42 0.28 Current Ratio 1.38 1.58 1.51 1.50 2.62 Working Capital (Rs. Crore) 131.89 184.36 95.15 34.34 44.57 Total Debt (Rs. Crore) 2
Slide 26: Thank You
Thank You Sourabh Gupta, CFO Email: secretarial@mbapl.com, secretarial@ostwal.in, sourabh@mbapl.com Investor Relation Team Email: ir@mbapl.com MADHYA BHARAT AGRO PRODUCTS LIMTED (A Unit of Ostwal Group of Industries) Corp. Off.: Ostwal Heights, Urban Forest, Atun, Bhilwara (Raj)- 311802 CIN: L24121R
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