Deepak Nitrite Limited · NSE:DEEPAKNTR
Deepak Nitrite — Q4 FY2024 Earnings Presentation
22 slides from Deepak Nitrite's earnings presentation, May 22, 2024
Slide 1: Q4 & FY24 Results Presentation
RESPONSIBLE CHEMISTRY Q4 & FY24 Results Presentation May 22, 2024 ₹ 2,145 crore ₹ 320 crore Total Income (in Q4 FY24) EBITDA (in Q4 FY24)
Slide 2: Deepak Nitrite Limited: A Leading Chemical Intermediates Producer
Deepak Nitrite Limited: A Leading Chemical Intermediates RESPONSIBLE CHEMISTRY Producer Company Overview Deepak Nitrite (DNL) is one of the DEPEND ON DEEPAK Deepak Nitrite Limited (DNL) has 32+ 56+ 1,000+ Products Applications Customers fastest growing and trusted chemical built a strong organisatio
Slide 3: Strategies for Thriving in a Demanding Business Landscape
Strategies for Thriving in a Demanding Business Landscape RESPONSIBLE CHEMISTRY Making significant improvement in processes • Demonstrated capability to • Achieving world-leading atom optimize assets and navigate efficiency challenging markets. • Valorizing by-products. Operational Business Excellen
Slide 4: Company overview: Exemplary track record
Company overview: Exemplary track record RESPONSIBLE CHEMISTRY Seizing the opportunity Excellence in execution Value creation Delivered marked improvement Sustained increase in return ratios, Consistently rewarded across various parameters with sound liquidity shareholders Market Cap ROCE (%) FY19 F
Slide 5: Performance highlights – Q4 & FY24 (Consolidated)
Performance highlights – Q4 & FY24 (Consolidated) RESPONSIBLE CHEMISTRY Particulars Key numbers Q4 FY24 Q-o-Q FY24 Y-o-Y (₹Crore) Total Income 2,145 6% 7,758 -3% 15% 81:19 0.00x EBITDA 320 1% 1,199 -10% Domestic : Consol. Net D/E EBITDA Margin Exports Ratio for for Q4 FY24 Revenue Mix PAT* 254 26% 8
Slide 6: Commissioning of new projects
Commissioning of new projects RESPONSIBLE CHEMISTRY Deepak announced the commencement of manufacturing operations at its fluorination plant at Dahej effective 21 March 2024 Inauguration Ceremony – BTF, BTF 1st Tank Dispatch to Roha DCTL Plant • Deepak Chemtech commissioned production at its fluorina
Slide 7: Performance overview & other highlights
Performance overview & other highlights RESPONSIBLE CHEMISTRY ➢ DNL’s FY24 Production volumes increased by 16%, while it improved market share despite moderated environment with lower sales price ➢ Achieved Highest production and sales volume in the last three years for Sodium Nitrite, Fuel additive
Slide 8: Awards and Accolades
Awards and Accolades RESPONSIBLE CHEMISTRY Indian Chemical Council Distinguished Alumni Award • Mr. Maulik Mehta, CEO & • Mr. Girish Satarkar, Executive Executive Director, DNL was Director received the the Key Speaker at ICC Distinguished Alumni Award Conference in the Professional Category • Panel
Slide 9: Awards and Accolades
Awards and Accolades RESPONSIBLE CHEMISTRY CFO 100 Recognition of Excellence Gujarat State Shri Shram Award • Mr. Somsekhar Nanda, CFO • Mr. Kirankumar Baraya, Deepak Nitrite Limited working at Deepak Nitrite bagged The Best CFO - CFO Limited (Nandesari) won 100 Recognition winning Shri Shram Award
Slide 10: Update on Projects
Update on Projects RESPONSIBLE CHEMISTRY Project Status ➢ MIBK/ MIBC – Progress has been satisfactory. The project will be commissioned as per schedule. NBTF/ Hydrogenation MIBK/ MIBC Majority of the engineering and procurement work has been completed and construction and erection activities are at
Slide 11: Financial Highlights
Financial Highlights RESPONSIBLE CHEMISTRY Total Income (₹ Cr.) EBITDA (₹ Cr.) PAT* (₹ Cr.) 318 320 2,023 2,145 254 202 Q4 FY24 Q3 FY24 Q4 FY24 Q3 FY24 Q4 FY24 Q3 FY24 Q4 FY24 Q-o-Q 1% Q-o-Q 6% Q-o-Q 26% Q-o-Q absolute EBITDA is on an improving trend Total Income (₹ Cr.) EBITDA (₹ Cr.) PAT* (₹
Slide 12: Q4 FY24 – Financial Highlights
Q4 FY24 – Financial Highlights RESPONSIBLE CHEMISTRY • Performance was steered by strong gains in the Phenolics segment which witnessed continued volume growth owing to high plant utilization and operating efficiencies. Volume ramp up post debottlenecking initiatives at the existing plant contribute
Slide 13: CMD Message
CMD Message RESPONSIBLE CHEMISTRY “In the turbulent time that the Chemical industries go through, we have identified significant growth opportunities to meet India’s growing demand in building blocks and intermediates. At the same time, we are particularly aware of the opportunities in Specialty Che
Slide 14: Advanced Intermediates
Advanced Intermediates RESPONSIBLE CHEMISTRY Revenue from Operations (₹ Cr.) EBIT (₹ Cr.) 674 671 134 94 Q3 FY24 Q4 FY24 Q3 FY24 Q4 FY24 Q-o-Q 43% Key Highlights ➢ Achieved higher volumes through a mix of product basket diversification and focus on end user categories that witnessed better demand.
Slide 15: Phenolics
Phenolics RESPONSIBLE CHEMISTRY Revenue from Operations (₹ Cr.) EBIT (₹ Cr.) 206 1,466 180 1,349 Q3 FY24 Q4 FY24 Q3 FY24 Q4 FY24 Q-o-Q 9% Q-o-Q 15% Key Highlights ➢ Strong performance was attributed to continued high sales volumes in Phenolics. Despite weak prices of Phenol during the quarter, t
Slide 16: Outlook
Outlook RESPONSIBLE CHEMISTRY ➢ DNL is well positioned to capitalize on the 'Make in India for the World' initiative ➢ With its formidable manufacturing infrastructure and extensive process proficiency in the realm of chemistry, DNL has assumed a pivotal role as a partner for major customers, both d
Slide 17: Consolidated P&L Statement
Consolidated P&L Statement RESPONSIBLE CHEMISTRY Particulars (₹ crore) Q4 FY24 Q3 FY24 Q-o-Q (%) Q4 FY23 Y-o-Y (%) FY24 FY23 Y-o-Y (%) Revenue 2,126 2,009 6% 1,961 8% 7,682 7,972 -4% Other Income 19 14 41% 13 52% 76 48 60% Total Revenue 2,145 2,023 6% 1,974 9% 7,758 8,020 -3% Total Expenditure 1,825
Slide 18: Consolidated P&L Statement
Consolidated P&L Statement RESPONSIBLE CHEMISTRY Particulars ( ₹ crore) Q4 FY24 Q3 FY24 Q-o-Q (%) FY24 FY23 Y-o-Y (%) Advanced Intermediates 671 674 -0.5% 2,724 3,034 -10% Phenolics 1,466 1,349 9% 5,003 4,970 1% Less - Inter segment 11 14.4 -24% 46 32 44% Total 2,126 2,009 6% 7,682 7,972 -4% 18
Slide 19: Consolidated P&L Statement
Consolidated P&L Statement RESPONSIBLE CHEMISTRY Particulars ( ₹ crore) Q4 FY24 Q3 FY24 Q-o-Q (%) FY24 FY23 Y-o-Y (%) EBIT Advanced Intermediates* 134 94 43% 446 555 -20% Phenolics 206 180 15% 644 594 8% EBIT % Advanced Intermediates 20% 14% 16% 18% Phenolics 14% 13% 13% 12% *Includes Insurance Clai
Slide 20: About Us & Contact Details
About Us & Contact Details RESPONSIBLE CHEMISTRY Deepak Nitrite Limited (NSE: DEEPAKNTR, BSE: For further information, please contact: 506401) is a leading chemical intermediates producer with a diversified portfolio that caters Somsekhar Nanda to the dyes and pigments, agrochemical, Chief Financial
Slide 21: Disclaimer
Disclaimer RESPONSIBLE CHEMISTRY This presentation contains forward-looking statements that involve risks and uncertainties. When used in this presentation, the words ‘anticipate,’ ‘belief,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘will’ and other similar expressions as they relate to the Company and its Bu
Slide 22: Thank You
Thank You RESPONSIBLE CHEMISTRY