Dhabriya Polywood Ltd · BSE:DHABRIYA
Dhabriya Polywood — Q3 FY2024 Earnings Presentation
38 slides from Dhabriya Polywood's earnings presentation, March 2024
Slide 1: Provide A Better World To Live By Saving Trees
Provide A Better World To Live By Saving Trees DHABRIYA POLYWOOD LIMITED Investor Presentation – Q3FY24 1
Slide 2: Disclaimer
DISCLAIMER The information in this presentation has been prepared for use in presentations by Dhabriya Polywood Limited for information purposes only and does not constitute, or should be regarded as, or form part of any offer, invitation, inducement or advertisement to sell or issue, or any solicit
Slide 3: Q3FY24 Operational Performance
Q3FY24 Operational Performance
Slide 4: Strong Growth with Margin Improvements
Strong Growth with Margin Improvements Revenue EBITDA PAT +29.5% +60.8% +47.8% Margins Profile Q3FY24 5,201.57 333.53 780.27 4,015.66 Q3FY24 225.57 485.30 EBITDA PAT 15.0% 6.4% +291 Bps +79 Bps Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Revenue EBITDA PAT Margins improved due to : +29.9% +87.2%
Slide 5: Consolidated Segmental Performance
Consolidated Segmental Performance PVC Profiles UPVC Windows Modular Furniture +3.6% +57.3% +156.9% 2,857.81 1,395.85 947.42 Q3FY24 2,758.43 887.32 368.83 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 PVC Profiles UPVC Windows Modular Furniture +12.0% +54.9% +93.8% 9MFY24 9,162.11 2,493.88 4,029.1
Slide 6: Consolidated Income Statement
Consolidated Income Statement Particulars (Rs. Lacs) Q3 FY24 Q3 FY23 Y-o-Y Q2 FY24 Q-o-Q 9M FY24 9M FY23 Y-o-Y Revenue from Operations 5,201.57 4,015.66 29.53% 5,464.69 -4.81% 15,685.64 12,069.61 29.96% Total Raw Material 2,656.34 2,366.74 3,221.29 8,900.72 7,684.04 Gross Profit 2,545.23 1,648.92 54
Slide 7: Company Overview
Company Overview
Slide 8: Company Overview & Business Highlights
Company Overview & Business Highlights Dhabriya Polywood 5 500+ 3 50Lac + Limited, reputed name in Million Sq. Ft Manufacturing Units Channel Partners uPVC Doors & Delighted Customers manufacturing of products for a wide range Windows of Building Interior & Exterior applications. Continuous focus on
Slide 9: About The Company
About The Company ➢ Company incorporated in 1992 under the brand name ’Polywood’. ➢ Strong reputation in building interior & exterior applications. ➢ 3 subsidiaries: 1. Dynasty Modular Furnitures Pvt Ltd (Jaipur) for modular furniture manufacturing. 2. Polywood profiles pvt ltd (Coimbatore) for PVC
Slide 10: Our Leadership
Our Leadership Mr. Mahendra Karnawat WholeTime Director. • He holds Master degree in Commerce from MDS University. • He have 25+ years of experience. • He takes care of procurement, production & logistics. • He heads Marketing Affairs for Extruded PVC profiles Mr. Shreyansh Dhabriya Whole Time Direc
Slide 11: Corporate Structure
Corporate Structure Dhabriya Polywood Limited Polywood Profiles Pvt Ltd Polywood Green Building Systems Dynasty Modular Furnitures Pvt Pvt Ltd Ltd Investor Presentation – Q3FY24 11
Slide 12: Dhabriya's Diversified Product Portfolio
Dhabriya’s Diversified Product Portfolio
Slide 13: Diversified Product Portfolio
Diversified Product Portfolio 20+ Solutions • PVC Profiles • Marble Sheets & Mouldings • Modular Kitchen & • Doors & Furniture • Wall Claddings & False Wardrobes • Wall Paneling & ceilings Exclusive False Ceilings • Pillars • Institutional Furniture Designs • Furniture • UPVC Doors & Windows • Offic
Slide 14: Pioneers In Revolutionary Fluted Panel Products
Pioneers In Revolutionary Fluted Panel Products • Dhabriya Polywood is the among first Indian companies to introduce PVC fluted panels for manufacturing in India. • Products applications in outdoor & indoor wall ceiling and paneling without paint or surface finish. • Product features: • Long Life •
Slide 15: Extensive Distribution Network
Extensive Distribution Network Product Type /Segment Company Brand North West South East Total PVC Profile / Dstona DPL Polywood / Dstona 192 81 7 135 415 PVC Profile - South PPPL Polywood 0 0 260 0 260 Furniture Dynasty Dynasty 160 11 10 4 185 uPVC Windows DPL Polywood Not Applicable as same is dir
Slide 16: Strong Processes To Ensure Efficient Product Delivery
Strong Processes To Ensure Efficient Product Delivery ORDER ORDER PLACED IN QUALITY CONFIRMATION PRODUCTION PRODUCTION INSPECTION QUEUE Real Time Order Management system in place to track movement from order placement to delivery DELIVERY STOCK IN QUALITY PACKAGING ASSURANCE IN-HOUSE • Team responsi
Slide 17: State of Art Production Facility
State of Art Production Facility Location Owned By Activity Area (Sq.Ft) Malviya DHABRIYA PVC/uPVC Profile, Industrial Area, POLYWOOD Sheets & Molding 75,015 Jaipur LIMITED Extrusion Plant DHABRIYA uPVC / Aluminium Sitapura Industrial POLYWOOD Winodws & Doors Area, Jaipur 1,97,536 LIMITED Manufactur
Slide 18: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities Investor Presentation – Q3FY24 18
Slide 19: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities Investor Presentation – Q3FY24 19
Slide 20: Committed To Deliver The Excellence
Committed To Deliver The Excellence Knowledge Project Estimation Site Visit Consultation & Order Sharing Confirmation Post Installation Hassle Free Logistics Production Support Installation Investor Presentation – Q3FY24 20
Slide 21: Key Milestones
Key Milestones National Award- 2008 for Developed & Outstanding Quality Products Manufacturing Unit launched PVC Fluted by GOI, Ministry of Micro of Modular Panels. Shifted our Manufacturing Small and Medium Furniture Products Coimbatore uPVC (fabrication) of Enterprises New Plant for established &
Slide 22: Widespread Customer Reach Across Varied Industries
Widespread Customer Reach Across Varied Industries Investor Presentation – Q3FY24 22
Slide 23: Industry Overview
Industry Overview Indian Real Estate Sector: UPVC Windows and Doors: Indian Plastic/PVC Industry: • Projected Growth: Expected to reach US$1 • Market Growth: Witnessed exceptional • Leading Sector: Indian plastic industry trillion by 2030, contributing 13% to growth driven by urbanization, smart cit
Slide 24: Executed Projects
Executed Projects Investor Presentation – Q3FY24 24
Slide 25: Executed Projects
Executed Projects Investor Presentation – Q3FY24 25
Slide 26: Competitive Strengths
Competitive Strengths Brand Recall & Clientele Quality Management Infrastructure & Well established Brands & System Production Capacity recognized in its range of products. Adheres to stringent quality Boasts a wide geographical Notable clientele includes DLF, standards, ensuring that all its presen
Slide 27: Certifications & Associations
Certifications & Associations Associated with UPVC Window and Door Manufacturers associations window profile systems from Germany Polywood is a authorized Polywood is an authorized member of UWDMA window fabricator of Kommerling profile systems. Associated with Aluminum window profile systems from G
Slide 28: Awards & Recognitions
Awards & Recognitions Received “top hr leader” in Rajasthan, 2018 in the “13th employer branding awards” – 27th June 2018. Received “certificate of excellence” awards in the “best employer 2017 awards” competition – Jan 2019. The best GenNext leader at business rankers award. Certificate of excellen
Slide 29: Sustainability Initiatives
Sustainability Initiatives Company was founded All products serve as Prioritizes innovation and technology to Sustainability with the mission of "save alternatives to wood, provide high-quality, environmentally Initiatives trees" and is committed to promoting sustainability. reducing the demand for
Slide 30: Strategies For Marketing & Business Expansion
Strategies For Marketing & Business Expansion Product Line Product Category Strategy • Building wide range of PVC Fluted Panels & patenting those designs. Extrusion • Aggressively expanding the sales team to increase market spread across PAN India Fluted Panels (Polywood) • Increasing Coimbatore pla
Slide 31: Way Ahead
Way Ahead Company Has targeted to grow 25% Y-o-Y in future for next 4 Years With increased margins every year through operational efficiencies, New product launches & increasing geographical presence with substantial increase in ROCE. Investor Presentation – Q3FY24 31
Slide 32: Historical Financial Performance
Historical Financial Performance
Slide 33: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (Rs. Lacs) FY21 FY22 FY23 Revenue from Operations 10,643.45 13,363.95 17,117.22 Total Raw Material 6,054.15 8,456.69 10,730.99 Gross Profit 4,589.30 4,907.26 6,386.23 Gross Profit Margin (%) 43.12% 36.72% 37.31% Employee Expenses 1,755.97 1,982.40
Slide 34: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet ASSETS (Rs. Lacs.) Mar-21 Mar-22 Mar-23 EQUITY AND LIABILITIES ( (Rs. Lacs) Mar-21 Mar-22 Mar-23 Non ‐ Current Assets (a) Equity share capital 1,082.42 1,082.42 1,082.42 Property, plant and equipment 4,127.75 4,367.08 6,091.57 (b) Other equity 4,423.34 4,942.84
Slide 35: Revenue Bifurcation Segment wise
Revenue Bifurcation Segment wise FY21 FY22 FY23 16% 9% 12% 24% 23% 22% 62% 65% 67% PVC Profiles (Polywood) UPVC Windows (Polywood) Modular Furniture(Dynasty) Investor Presentation – Q3FY24 35
Slide 36: Exponential Growth In Revenue & Profitability
Exponential Growth In Revenue & Profitability Rs.in Lacs Revenue from Operation EBITDA EBITDA MARGIN 1,842.0 12.7% 17,117.2 10.3% 10.8% 13,364.0 1,346.9 1,371.1 10,643.5 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 PAT PAT MARGIN 848.8 5.0% 4.2% 3.8% 508.7 447.3 FY21 FY22 FY23 FY21 FY22 FY23 Investo
Slide 37: Key Ratios On Sustainable Financial Growth
Key Ratios On Sustainable Financial Growth Rs.in Lacs WORKING CAPITAL NET WORTH RoCE (%) TURNOVER RATIO 12.9% 6884.1 5.2 11.2% 6025.3 10.4% 4.4 5505.8 3.9 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 Investor Presentation – Q3FY24 37
Slide 38: Thank You
Thank You DHABRIYA POLYWOOD LIMITED Investor Relations Advisors : X-B4 Advisory LLP Ms. Rasika Sawant |+91 95944 57518 | rasika@x-b4.com