Slide 1: Goyal Salt Limited Investor Presentation
Goyal Salt Limited Investor Presentation Book Running Lead Manager
Slide 2: Disclaimer
Disclaimer This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute prospectus or placement memorandum or an offer to acquire any securities. No representation or warranty, express or implied is made as to, and no relia
Slide 3: Company Overview
Company Overview
Slide 4: Goyal Salt Limited: At a Glance
Goyal Salt Limited: At a Glance Incorporated in 2010 as Goyal Salt Private Limited (GSL, The Company) specializes in processing salt extracted from the Vision sub-soil brine of Rajasthan using an integrated method. Our vision is to produce quality and diverse salt products catering to health & well-
Slide 5: Navigating The Key Details
Navigating The Key Details 2 3,10,000 103 5+ 300 + MTPA 1 Refining unit Installed Hectares of Brands Available Across Employees 1 Washing unit capacity Lease Land for India Raw Salt Procurement FY23 ₹ 118 Cr 25.29% ₹ 6.80 Cr 5.78% ₹ 3.54 Cr 3.01% Revenue CAGR EBITDA EBITDA PAT PAT Margin Margin Goya
Slide 6: Evolution And Growth: The Journey Of GSL
Evolution And Growth: The Journey Of GSL Incorporated as a private Upgraded to a 700 ton per Part of the 2011 plant limited company under day plant, incorporating at Mohanpura, Nawa the Companies Act, 1956. parts from the 2011 plant. was destroyed. 2010 2011 2015 2016 2020 2023 Received subsidy from
Slide 7: Manufacturing Units Behind The Finest Salt
Manufacturing Units Behind The Finest Salt The Company operates a refinery complex situated in Nawa City, spread over 1.45 hectares, dedicated to salt refining, raw salt storage, and refined salt packaging. Capacity Capacity Used for Refined Free Flow Iodized, Used for Refined Half Unit 1 2,50,000 R
Slide 8: Upholding Standards: Licensing & Certification
Upholding Standards: Licensing & Certification o Received IS 7224:2006 standard from Bureau of Indian Standards for refined iodized salt. o ISO 22000:2018 standard for refined iodized salt, double fortified salt, pink salt and black salt. o License from FSSAI for the refining of proprietary food vid
Slide 9: Our Competitive Strengths
Our Competitive Strengths Experienced Management Integrated Production System Consistent Financial Performance Quality and Safety Focus Strong Customer Relationships Harmonious Labor Relations Goyal Salt Limited 9
Slide 10: Management Overview
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Slide 11: Guiding Our Mission: Board of Directors
Guiding Our Mission: Board of Directors Rajesh Goyal Pramesh Goyal Lokesh Goyal Chairman and Whole Time Director Managing Director Whole Time Director Bachelor’s and Master’s degree in Commerce, University of Rajasthan. Bachelor’s and Master’s degree in Commerce, University of Rajasthan. Bachelor’s
Slide 12: Business Overview
Business Overview
Slide 13: Refining Process: From Raw to Refined
Refining Process: From Raw to Refined The Company also has a well-equipped quality control lab and utilizes advanced technology for salt refining and quality checking. o Raw salt is carried by a belt conveyor and mixed with brine. o The mixture is crushed, washed, and thickened in various tanks. o T
Slide 14: Our Product Portfolio
Our Product Portfolio GSL refines and supplies a variety of salts including Triple Refined Free Flow Iodized Salt, Industrial Salt, Double Fortified Salt And Triple Refined Half Dry Salt. Salts Industrial Salt Edible Salt Refined Free Flow Refined Free Flow Double Fortified Salt Refined Half Dry Sal
Slide 15: Refined Free Flow Iodized Salt
Refined Free Flow Iodized Salt Refined Free Flow Iodized salt is the edible that we consume on a daily basis. This salt comes from the clean water underneath Sambhar Lake in Rajasthan. After collecting it, the salt is cleaned and given iodine. It doesn't have any harmful chemicals, making it pure an
Slide 16: Double Fortified Salt (DFS)
Double Fortified Salt (DFS) DFS has both iodine and iron. It uses potassium iodate for iodine and ferrous fumarate for iron, as these are the best for stability and taste. The World Health Organization introduced DFS to help combat anemia. This salt, with added Ferrous Fumarate, meets our daily need
Slide 17: Refined Half Dry Salt
Refined Half Dry Salt \It is great for cooking and food-making because it melts fast and spreads evenly. This is why it's popular for snacks, baked goods, and packaged meats. It's useful in both edible and industrial purposes. This salt, called Refined Half Dry Salt, has up to 4% moisture and is cle
Slide 18: Refined Free Flow Industrial Salt
Refined Free Flow Industrial Salt This is Industrial salt used in soap, textiles, glass, plastics, and chemicals. It's used in making items like paper, tires, and brass, and in certain chemical processes. Salt also cleans gas/oil wells and melts ice. Depending on its purpose, industries buy it in la
Slide 19: Product Wise Revenue Breakup
Product Wise Revenue Breakup FY23 FY22 FY21 FY23 1% 1% 10% 7% 10% 11% 8% 13% 7% 13% 76% 76% 82% 85% Refined Free flow Iodized Salt Refined Free Flow Industrial Salt Double Fortified Salt Refined Half Dry Salt Others In ₹ Cr Products FY23 FY22 FY21 Refined Free flow Iodized Salt 89.14 56.42 48.99 Ref
Slide 20: Industry Overview
Industry Overview
Slide 21: Insights Into The Global Salt Industry
Insights Into The Global Salt Industry The Global Salt Industry's Value Stood At Over $29 Billion o Salt, vital for life and a major industrial ingredient, serves both as a seasoning for food and a key component in chemical industries. o The global salt industry produced 290 million metric tons in 2
Slide 22: Insights Into The Indian Salt Industry
Insights Into The Indian Salt Industry India Is The World's Third-largest Salt Producer After China And The USA. o India has seen remarkable growth in its salt industry over 60 years. India is now self-sufficient and even exports Inland Salt Works surplus salt. In Rajasthan, salt is sourced o There
Slide 23: Exploring Industry Potential
Exploring Industry Potential Potential for the Growth of Salt Industry Opportunities o Land Potential: Ample undeveloped land along the coast is available for o Strategic Location: India's position is ideal for supplying salt to China, Japan, the Middle East, and other Asian nations. new salt works.
Slide 24: Financial Overview
Financial Overview
Slide 25: Key Financial Highlights
Key Financial Highlights Total Income EBITDA & EBITDA Margin PAT & PAT Margin EBITDA Margin PAT Margin 117.71 6.80 3.54 5.78 3.01 4.82 4.51 66.15 60.13 2.90 2.98 1.13 0.95 0.68 0.63 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 All Amount In ₹ Cr & Margins In % Goyal Salt Limited 25
Slide 26: Key Clients Continue To Drive Revenue Growth
Key Clients Continue To Drive Revenue Growth FY23 In % FY22 In % FY21 In % 31.53 39.65 49.16 50.84 60.35 68.47 Top 10 Customers Other Customers In ₹ Cr Particulars FY23 FY22 FY21 Top 10 Customers 80.55 39.90 30.53 Other Customers 37.09 26.21 29.52 Total 117.64 66.11 60.05 Goyal Salt Limited 26
Slide 27: Manufacturing & Trading Sales Breakup
Manufacturing & Trading Sales Breakup FY23 In % FY22 In % FY21 In % 12.89 28.3 40.89 59.11 71.70 87.11 Manufacturing Sales Trading Sales In ₹ Cr Particulars FY23 FY22 FY21 Manufacturing Sales 69.54 47.40 52.31 Trading Sales 48.10 18.71 7.74 Total 117.64 66.11 60.05 Goyal Salt Limited 27
Slide 28: Supplies To Government Under Public Distribution System
Supplies To Government Under Public Distribution System GSL Supplies Refined Iodized Salt To Various Governments Amount In ₹ Cr For the year ended For the year ended March 31, 2023 March 31, 2022 Sr No. Particulars Amount % of Sales Amount % of Sales Direct Food Civil Supply & Consumer 1 18.89 16.06
Slide 29: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particulars FY23 FY22 FY21 Net Sales 117.64 66.11 60.05 Other Income 0.07 0.04 0.08 Total Income 117.71 66.15 60.13 Raw Material costs 94.12 49.04 43.30 Employee Cost 2.43 2.41 2.38 Other Expenses 14.37 11.71 11.56 Total Expenditure 110.92 63.16 57.24 EBIDTA 6.79 2.98
Slide 30: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY23 FY22 FY21 Assets FY23 FY22 FY21 Equity 10.83 2.00 2.00 Non-Current Assets Reserves 5.35 9.70 9.22 Fixed Assets 5.69 5.80 5.20 Net Worth 16.18 11.70 11.22 Non-Current Investment 0.00 0.00 0.00 Non-Current Liabilities Other Non-Current Financial Assets
Slide 31: Cashflow Highlights
Cashflow Highlights In ₹ Cr Particular FY23 FY22 FY21 Cashflow from Operations 3.30 4.66 -4.34 Cashflow from Investments -1.81 -1.33 -1.09 Cashflow from Financing -1.44 -3.38 5.24 Net Cash Flow 0.05 -0.05 -0.19 Opening Cash Balance 0.17 0.21 0.41 Closing Cash Balance 0.22 0.17 0.21 Goyal Salt Limite
Slide 32: Key Ratios
Key Ratios RONW (In %) ROCE (In %) 21.86% 36.16% 16.54% 15.97% 6.08% 5.37% FY21 FY22 FY23 FY21 FY22 FY23 Debt to Equity (In Times) Interest Coverage (In Times) 5.55 1.16 0.91 0.57 1.83 2.08 FY21 FY22 FY23 FY21 FY22 FY23 Goyal Salt Limited 32
Slide 33: Key Ratios
Key Ratios 1.68 (In Times) (In Times) Current Ratio Fixed Asset Turnover 20.69 1.49 11.54 11.40 1.43 FY21 FY22 FY23 FY21 FY22 FY23 (In ₹) (In ₹) EPS Book value 3.41 0.12 3.30 0.09 0.09 3.14 FY21 FY22 FY23 FY21 FY22 FY23 Goyal Salt Limited 33
Slide 34: Working Capital Cycle
Working Capital Cycle (In days) 83 78 48 39 38 32 27 23 22 29 15 10 FY21 FY22 FY23 Inventory Days Debtors Day Creditors Day Net Operating Cycle Days Goyal Salt Limited 34
Slide 35: Offer Highlights
Offer Highlights
Slide 36: Offer Highlights
Offer Highlights Offer Size Up To 49,02,000 Equity Shares Pre Issue Equity Shares 1,29,98,250 Equity Shares Fresh Issue Up To 49,02,000 Equity Shares Post Issue Equity Shares [●] Equity Shares Face Value ₹ 10 Offer Size Post Issue Implied Market Cap ₹ [●] Cr ₹ [●] Cr Price Band ₹ [●] Pre Issue Holdi
Slide 37: Object Of The Offer
Object Of The Offer Issue Proceeds Utilization Of The Fund Particulars Amount ₹ Cr 20% 20% Gross Proceeds From The Issue Up To ₹ [●] Less: Issue Related Expenses [●] 20% 20% Net Proceeds Of The Issue To The Company [●] Utilization Of The Net Proceeds 20% Capital Expenditure for Quality Enhancement ₹
Slide 38: Issue Intermediaries
Issue Intermediaries Book Running Lead Manager, Market Maker Registrar To The Issue Legal Advisor To The Issue & Underwriter To The Issue Holani Consultants Private Limited Bigshare Services Private Limited Chir Amrit Corporate LLP Bankers To The Issue/ Refund Banker to the Bankers To The Company St
Slide 39: Thank You
Goyal Salt Limited Plot No.229-230, Guru Jambeshwar Nagar, Lane No.7 Gandhi Path, Vaishali Nagar, Jaipur 302021. Email: info@goyalsalt.in Website: www.goyalsaltltd.com Phone: +91 - 9116544419 Book Running Lead Manager Holani Consultants Private Limited 401 – 405 & 416 – 418, 4th Floor, Soni Paris Po