Mitsu Chem Plast Ltd · BSE:MITSU
Mitsu Chem Plast — Q4 FY2023 Earnings Presentation
53 slides from Mitsu Chem Plast's earnings presentation, May 22, 2023
Slide 1: Revised Investor Presentation cover letter to BSE
Date: May 22, 2023 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai- 400001 Script Code : 540078 Sub: Revised Investor Presentation for Q4 FY 2022-23 Ref: Our letter dated May 16, 2023 intimating Investor Presentation for Q4 FY 2022-23 Dear Sir/Madam, In continuation to our earlier submiss
Slide 2: Q4 FY23 Investor Presentation
MITSU CHEM PLAST LIMITED Q4 FY23 INVESTOR PRESENTATION DRIVING INNOVATION & GROWTH, SUSTAINABLY
Slide 3: Company Overview
Company Overview MITSU CHEM PLAST LIMITED
Slide 4: About Mitsu
About Mitsu One of the most innovative plastic molded products manufacturer in India with focus on Sustainability • Established in 1990 Mitsu Chem Plast Limited (Mitsu, The Company) is one of the leading manufacturer of world-class plastic Blow Molded and Injection Molded products with customer succ
Slide 5: Key Facts & Figures
Key Facts & Figures FY23 Installed Capacity 500+ clients, out of 500+ SKU’s Revenue: ₹ 309.33 Cr of 24,000 + MTPA which more than 30 EBITDA: ₹ 26.60 Cr are Fortune (India) PAT: ₹ 11.80 Cr 500 customers 3 Manufacturing 46 Blow Molding 18 Injection Molding 300+ Employment Facilities Machines Machines
Slide 6: Mitsu's Journey
Mitsu’s Journey Unit II Received the Acquisition of Prince Multi Received started certificate of plant and Plast Pvt Ltd. registration of Acquired Plant conformity for machinery, & Machinery, designs for Side Spine Board commercial & Molds and Railing for (plastic blow technical know- Other ancillar
Slide 7: Core Values
Core Values EMPLOYEE QUALITY WELFARE CONSCIOUSNESS The way of life at Mitsu, is inspired and guided by its ENVIRONMENT CUSTOMER seven Core Values, values that FRIENDLY DELIGHT have been inculcated in every member, and today forms a performance mapping standard within the company at all levels of ope
Slide 8: Core Strengths
Core Strengths OUT OF THE CONTINUOUS IN HOUSE R&D STRONG AT DESIGN STRONG BOX THINKING INNOVATION DEPARTMENT & PROTOTYPING CLIENT RELATIONSHIPS VALUE CREATION BY CONSULTATIVE CONCEPTUALIZATION QUALITY CAPABILITY TO REVERSE ENGINEERING APPROACH TO FINAL PRODUCT FIRST HANDLE PP, PE, HDPE, NYLON & ABS
Slide 9: Molding Capabilities
Molding Capabilities INJECTION MOLDING HDPE, PP, Filled PP Pharma, Chemical, Food, Agrochemicals BLOW MOLDING CUSTOM MOLDING HDPE, PP, Filled PP PE, PP, Filled PP Pharma, Chemical, Pharma, Automotive, Food, Flavor & Hospital Bed Parts, Fragrances, Auto Filters Automotive, Agrochemicals MITSU CHEM PL
Slide 10: More Than 30 Clients Of Fortune (India) 500 Serviced By Us
More Than 30 Clients Of Fortune (India) 500 Serviced By Us MITSU CHEM PLAST LIMITED 9
Slide 11: Strategically Located Manufacturing Facilities
Strategically Located Manufacturing Facilities UNIT UNIT UNIT 01 02 03 Mitsu has opened a depot at Delhi & 20,000SQ.FT 36,000SQ.FT 96,000SQ.FT Hyderabad to cater the clients of north & TARAPUR TARAPUR KHALAPUR south India respectively. (MAHARASHTRA) (MAHARASHTRA) (MAHARASHTRA) MITSU CHEM PLAST LIMIT
Slide 12: State Of The Art Infrastructure
State Of The Art Infrastructure 46 Blow Molding Machines 18 Injection Molding Machines Installed Capacity of 24,000 + Metric Tonnes per annum MITSU CHEM PLAST LIMITED 11
Slide 13: Well Certified Plant
Well Certified Plant INTERGRATED MANAGEMENT SYSTEM Petroleum & CE 5-S Explosives Certificate Implementation Safety Organization (PESO) QUALITY ISO 9001:2015 (QMS) ENVIRONMENT Member Of QC Together ISO 14001:2015 Online Methodology For (EMS) Testing/Pdi/ Capa Sustainability SAFETY ISO 45001:2018 (OHS
Slide 14: All Plants Are Well Equipped With Testing Equipment
ALL PLANTS ARE WELL EQUIPPED WITH ALL TYPES OF TESTING EQUIPMENT'S Closure Leakage Melt Flow Index Visual Test Testing Drop Testing Dimension Test Fitment Test MITSU CHEM PLAST LIMITED 13
Slide 15: Environmental, Social And Governance
Environmental, Social And Governance Embedding ESG and sustainability principles throughout the operation process, and the business systems at large, is central to Mitsu’s endeavors, aimed at being admirable stewards of clients’. The Company is driven by the desire to act responsibly and bring a pos
Slide 16: ESG Practices @ Mitsu
ESG Practices @ Mitsu ENERGY CONSERVATION: We are committed to make a material impact on the environment and the society by reducing the business’ carbon footprints. In this direction, Mitsu undertook preventive steps to identify and address areas, supporting the Company’s vision. Following are some
Slide 17: ESG Practices @ Mitsu
ESG Practices @ Mitsu ENERGY CONSERVATION INITIATIVE @ Mitsu ❖ Installation of energy efficient equipment and technological equipment to save energy ❖ Addition of controller in machine, to switch-off automatically during idle load, which saves power consumption ❖ Installed Harmonic Filter for reduci
Slide 18: ESG Practices @ Mitsu: Post-Consumer Resin
ESG Practices @ Mitsu POST- CONSUMER RESIN The Company recognizes the need to transform and adapt to changes around it for a better and sustainable tomorrow. With increased focus to go green, companies are striving to choose sustainable means, offering environment-friendly products to their consumer
Slide 19: ESG Practices @ Mitsu: Rain Water Harvesting
ESG Practices @ Mitsu RAIN WATER HARVESTING: Rain water harvesting is a step towards environmental conservation, wherein rain water is collected from surfaces of buildings, stored, and reused later for various needs. As the demand for processed water supply have increased massively with the rise in
Slide 20: ESG Practices @ Mitsu: Rain Water Harvesting
ESG Practices @ Mitsu RAIN WATER HARVESTING: Mitsu’s secondary purposes/activities at the workplace. It can also be used for portable and non-portable purposes, for fulfilling commercial as well as industrial needs. Besides, it contributes towards mitigating the prevailing water crises, alleviating
Slide 21: Management Team
Management Team MITSU CHEM PLAST LIMITED
Slide 22: Eminent Board of Directors
Eminent Board of Directors MR. JAGDISH DEDHIA MR. SANJAY DEDHIA MR. MANISH DEDHIA Chairman & Whole Time Joint Managing Director Joint Managing Director Director & Chief Financial Officer MR. DILIP GOSAR MS. NEHA HUDDAR MR. HASMUKH DEDHIA Non-Executive Non-Executive Non-Executive Independent Director
Slide 23: Management Supported By Well Experienced Professional Team
Management Supported By Well Experienced Professional Team Board Of Director MR. SANJAY DEDHIA MR. JAGDISH DEDHIA MR. MANISH DEDHIA (Joint Managing Director) (Chairman & Whole Time Director) (Joint Managing Director & Marketing & Product Development Production Chief Financial Officer) MR. AJIT NAIR
Slide 24: Business Overview
Business Overview MITSU CHEM PLAST LIMITED
Slide 25: Emerging as a Promising Player in Plastic Molding Industry
Emerging as a Promising Player in Plastic Molding Industry MITSU CHEM PLAST LTD. posses strong capabilities in Injection Molding, Blow Molding and Custom Molding through Blow Molded Products Injection Molded Products product innovation and value engineering, the company has set new benchmarks in off
Slide 26: One Of The Widest Range Of Best In Quality Packaging Products
One Of The Widest Range Of Best In Quality Packaging Products Widest range of Industrial Containers in this industry, from 100 ML to 250 LTRS. MITSU CHEM PLAST LIMITED 25
Slide 27: Pail Containers
Pail Containers Features: ▪ High-quality durable containers ▪ 100% recyclable ▪ Superior & unique design ▪ Excellent finish ▪ Stackable & nestable ▪ Leak-proof sealing ▪ Tight-fitting lid ▪ Corrosion-free, rust-free & no contamination ▪ Easy to handle Our pail containers are available with plastic o
Slide 28: Industries That We Cater To
Industries That We Cater To Pharmaceuticals Agrochemicals Cosmetics Flavor & Fragrances FMCG Lub Oil Food Specialty Pesticides Veterinary Chemicals Edible Oil Chemicals Chemicals MITSU CHEM PLAST LIMITED 27
Slide 29: Pioneer's In Hospital Bed & Ancillary Furniture
Pioneer’s In Hospital Bed & Ancillary Furniture Patented Solution For CPR Emergencies Hospital Bed Innovative concept of inbuilt CPR profile on the backside of the bow Over Bed Table Top Bed Side Locker Parts Furniture Parts for CPR emergencies Rescue & Safety Equipment MITSU CHEM PLAST LIMITED 28
Slide 30: Hospital Furniture Parts
Hospital Furniture Parts MICHI- MINI- MISAN- MIYON- MIGO- MIKU- M1 HEAD/FOOT BOW M2 HEAD/FOOT BOW M3 HEAD/FOOT BOW M4 HEAD/FOOT BOW M5 HEAD/FOOT BOW M6 HEAD/FOOT BOW MIJU- MIROKU- MIHICHI- MINANA- MINANA- MIJUSAN- M7 HEAD/FOOT BOW MSR1 SIDE RAILINGS MSR3 SIDE RAILINGS MSR2 HEAD SIDE RAILINGS MSR2 LE
Slide 31: Hospital Bed Parts
Hospital Bed Parts HEAD BOW/ FOOT BOW BED BOARD PLANKS SIDE RAILING BUFFER WHEELS BRACKET MECHANISM FITMENT TYPE MITSU CHEM PLAST LIMITED 30
Slide 32: Mattress Platform
Mattress Platform Features: ▪ 4 section mattress platform for hospital beds ▪ X-ray compatible ▪ Easy to assemble ▪ Easy to clean / wash TOP VIEW ▪ Lightweight but very sturdy ▪ Made out of ultra-high density poly ethylene ▪ Modular system enables time saving during bed manufacturing ▪ Suitable for
Slide 33: Customized Furniture Solution Provider
Customized Furniture Solution Provider Plastic Chair Plastic Baby Plastic Corner Impressive aesthetics, robust Parts Car Seat Shell Support Cap design and durability has helped growth in this niche Business sections Bus Seat Plastic Stadium Front Cap Seat MITSU CHEM PLAST LIMITED 32
Slide 34: Custom Molded Automotive Components & Fuel Tank Assemblies
Custom Molded Automotive Components & Fuel Tank Assemblies Impressive aesthetics, robust design and durability has helped growth in this niche Business sections MITSU CHEM PLAST LIMITED 33
Slide 35: Injection Molding Offerings
Injection Molding Offerings Pregnancy Significant Capabilities In Injection CAPS Handle & Lugs Blue Spoon Test Kit Molding Ranging From 60 Tones To 450 Tones HIV Test Bungs Saridon Inhaler Casette MITSU CHEM PLAST LIMITED 34
Slide 36: Customized Infrastructure Furniture A Solution Provider
Customized Infrastructure Furniture A Solution Provider Customer with Understanding Client Brainstorm on the Design, Give Proposal with Design Die Customized demand Requirements in detail Concept & Technical aspects Design Casting Prototype Consignment Product Start Commercial Approval on the Sample
Slide 37: Blow Molding Production Process
Blow Molding Production Process Production orders receive- Order Start the Production process as per Requestion for BOM – Issue of BOB review – Prepare Production Plan. instructions. material to shopfloor. Material pushed thru a hot barrel & Raw material loaded in machine Put the raw material, screw
Slide 38: Injection Molding Production Process
Injection Molding Production Process Production orders receive- Order Start the Production process as per Requestion for BOM – Issue of BOB review – Prepare Production Plan. instructions material to shopfloor. Material pushed thru a hot barrel & Raw material loaded in machine Put the raw material ma
Slide 39: Financial Overview
Financial Overview MITSU CHEM PLAST LIMITED
Slide 40: Quarterly Performance Highlights YoY
Quarterly Performance Highlights YoY All Figures In ₹ Cr TOTAL INCOME EBITDA NET PROFIT 83.17 8.27 74.70 3.31 3.30 7.58 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 MITSU CHEM PLAST LIMITED 39
Slide 41: FY23 Performance Highlights YoY
FY23 Performance Highlights YoY All Figures In ₹ Cr TOTAL INCOME EBITDA NET PROFIT 26.60 25.68 309.33 11.80 11.50 258.87 FY22 FY23 FY22 FY23 FY22 FY23 MITSU CHEM PLAST LIMITED 40
Slide 42: Last Five Quarter Performance
Last Five Quarter Performance In ₹ Cr Particular Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 Revenues 83.20 71.64 69.58 84.56 74.61 Other Income -0.03 0.01 0.25 0.13 0.09 Total Income 83.17 71.65 69.83 84.69 74.70 Expenses 75.63 66.39 65.22 75.15 66.33 EBITDA 7.58 5.25 4.36 9.40 8.27 EBITDA Margin 9.11%
Slide 43: Key Financials
Key Financials In ₹ Cr TOTAL INCOME EBITDA & EBITDA MARGIN PAT & PAT MARGIN 309.33 26.60 25.68 11.80 11.50 23.09 258.87 9.69 179.45 15.86 138.87 125.02 10.54 12.95 11.44 3.98 5.40 9.96 3.59 4.47 8.45 8.61 3.82 2.88 2.86 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Reven
Slide 44: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particular FY19 FY20 FY21 FY22 FY23 Revenues 124.76 138.55 178.33 257.72 308.97 Other Income 0.26 0.32 1.11 1.15 0.36 Total Income 125.02 138.87 179.45 258.87 309.33 Raw Material costs 79.01 76.42 104.15 164.12 204.29 Employee costs 8.65 10.68 14.24 17.27 19.94 Other
Slide 45: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY19 FY20 FY21 FY22 FY23 Assets FY19 FY20 FY21 FY22 FY23 Equity 4.02 12.07 12.07 12.07 12.07 Non Current Assets Reserves 22.53 18.10 27.58 38.85 50.35 Fixed assets 56.76 59.68 61.00 62.51 81.99 Net Worth 26.55 30.18 39.65 50.92 62.42 Non-current investmen
Slide 46: Key Ratios
Key Ratios In % In Times In ₹ IMPROVING RETURN RATIOS IMPROVING LEVERAGE RATIOS PER SHARE MATRIX 3.86 3.93 65.98 24.43 22.59 3.17 18.91 2.62 2.50 13.52 13.17 18.35 17.87 15.00 2.11 51.70 12.52 1.87 10.96 1.61 1.32 1.23 FY19 FY20 FY21 FY22 FY23 42.18 FY19 FY20 FY21 FY22 FY23 ROE ROCE Debt - Equity In
Slide 47: Operating Matrix
Operating Matrix In Days In ₹ Cr WORKING CAPITAL CYCLE OPERATING CASH FLOW 68 21.99 69 65 64 64 59 17.93 55 49 50 44 41 13.17 36 35 35 30 34 31 30 29 26 6.67 4.40 FY19 FY20 FY21 FY22 FY23 Creditors Day Inventory Days Debtors Day Net Operating Cycle Days FY19 FY20 FY21 FY22 FY23 MITSU CHEM PLAST LIMI
Slide 48: Revenue & Production Matrix
Revenue & Production Matrix In Number In ₹ Cr TOTAL NO OF CUSTOMERS PRODUCT CATEGORY WISE REVENUE BREAKUP 261 1143 1118 216 1022 151 122 581 19.94 7.01 35.98 27 20.61 14.622.18 5.62 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Containers Furniture Others In ₹ Cr In MT REVENUE FROM TOP 10 CUSTOMERS TOTAL
Slide 49: Appendix
Appendix MITSU CHEM PLAST LIMITED
Slide 50: Stock Data
Stock Data BSE: 540078 | ISIN: INE317V01016 As on 12-05-2023 Corporate Actions Dividend (₹) Ex Date Bonus Date Share Price (₹) 188.10 0.50 19 Sep 2017 2:1 28 Jan 2020 Market Capitalization (₹ Cr) 227.09 0.50 23 Aug 2018 No. of Shares Outstanding (Cr) 1.20 0.50 19 Sep 2019 0.20 01 Sep 2020 Face Value
Slide 51: Shareholding Data
Shareholding Data As on 31-03-2023 Shareholding Pattern Marquee Shareholders Name of Shareholder Holding Shares 25.97 Jaya Chandrakant Gogri 4,76,200 Chandrakant V Gogri 1,98,000 Mutual Fund 1,21,076 1.00 73.03 Promoter & Promoter Group Mutual Fund Non Institutions Source - BSE MITSU CHEM PLAST LIMI
Slide 52: Awards & Accolades
Awards & Accolades India SME 100 2015 Best SME of the year 2016 for Excellence in Healthcare SME India 100 SME 2019 Axis Bank innovation and invention (Hospital Equipment) Axis Bank jointly with India SME Chamber of India ET Polymers 2018 SME Forum Excellence in Healthcare (SME) Excellence in Medica
Slide 53: Thank You
THANK YOU Ms. Ankita Bhanushali Mr. Vastupal Shah MITSU CHEM PLAST LIMITED Kirin Advisors Private Limited 329, Gala Complex, 3rd floor 713-B, Lodha Supremus II, Din Dayal Upadhyay Marg, Wagle Estate, Mulund (W), Mumbai - 400 080. Thane (W) – 400 604. Phone: +91-22-25920055 Phone: +91 22 4100 2455 We