Madhya Bharat Agro Products Ltd. · NSE:MBAPL
Madhya Bharat Agro Products — Investor Presentation (September 2024)
20 slides from Madhya Bharat Agro Products's investor presentation, Sep 27, 2024
Slide 1: Intimation of Outcome of Analysts/Investors Meeting
Date: 27.09.2024 To, The Manager - Listing Department National Stock Exchange of India Limited ‘Exchange Plaza’, Bandra-Kurla Complex Bandra (East), Mumbai 400051 Symbol: MBAPL Subject: Intimation of Outcome of Analysts’/Investors’ Meeting and Investor Presentation under the SEBI (Listing Obligation
Slide 2: Madhya Bharat Agro Products Ltd Investor Presentation September 2024
Madhya Bharat Agro Products Ltd (MBAPL) (A Unit of ostwal Group of Industries) Investor Presentation September 2024 1
Slide 3: Forward Looking Statement
Forward Looking Statement Disclaimer:- This presentation may contain “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: Strategically Diversifying from Phosphatic Fertilisers to Phosphatic Chemicals
Strategically Diversifying from Phosphatic Fertilisers (2004) to a Phosphatic Chemicals (2021) and in Related Chemicals (going ahead) 3
Slide 5: Company Overview
Company 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 Beneficiated Rock Phosphate (BRP). He along with his sons CA Pankaj O
Slide 6: Journey from fertiliser to chemical company
Journey from fertiliser to chemical company 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 Ph
Slide 7: Manufacturing Capacities & Location
Manufacturing Capacities & Location FERTILISER CHEMICAL & CHEMICAL INTERMIEDIATES Capacity Current MT Capacity Current MT SSP 240,000 Beneficiated Rock Phosphate 189,000 (Crushing) DAP / NPK 240,000 Phosphoric Acid 49,500 Sulphuric Acid 165,000 Sagar, Madhya Pradesh 240000 240000 240000 240000 24000
Slide 8: 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% 31% BRP (Crushing)
Slide 9: Full Backward Integration - Fertiliser
Full Backward Integration - Fertiliser 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 Phosphoric acid An
Slide 10: Growth Strategy
Growth Strategy Product Diversification Geographical Diversification from Target specialty diversification Captive business chemicals Originally started with SSP the The company currently Phosphoric Acid manufactured company diversified in operates in 9 states. are currently used by fertilizer DAP/N
Slide 11: Expansion Plans
Expansion Plans Maharashtra • The Group has entered into a definitive agreement to purchase a fertilizer plant along with Phosphoric Acid & Ammonia Storage Plant based in Dahej. 587,350 sq mtr land allotted by MIDC to the company in Nardana (Dhule), Maharashtra. Phosphoric Acid plant from Dahej will
Slide 12: Capex: Incremental Capacities in Chemicals only
Capex: Incremental Capacities in Chemicals only ▪ Company has outlined a plan to increase the capacities of phosphoric acid, sulphuric acid and specialty chemical at a capex of ~Rs 770 Cr. The same is expected to be funded via debt, internal accruals and equities. Fertilizers Chemicals Phased Capaci
Slide 13: Robust Phosphoric Acid Industry in India
Robust Phosphoric Acid Industry in India ▪ Total India Phosphoric Acid (PA) Consumption – 4.5 million MT of 60% imports of India Phosphoric Acid Consumption which ~60% is imported ▪ In 2022, Asia region has consumed more than 50% of global PA 71 71 70 produced. 68 66 65 64 62 64 61 ▪ 80% of PA produ
Slide 14: Our Strengths
Our Strengths Strengths Proven track record: In 2021, we acquired & relocated a Phosphoric Acid Plant from Haldia (West Bengal) to Sagar (MP) and are running it successfully. Later we increased its capacity in 2023. Benefits of Economies of Scale: Ostwal Group is 2nd largest SSP manufacturer and inc
Slide 15: Product Portfolio
hid Product Portfolio OSTWAL 14
Slide 16: Promoters
Promoters Mr. M.K. Ostwal Mr. Pankaj Ostwal Mr. Praveen Ostwal Promoter, Chairman & Director Promoter & Director Promoter & Director Aged 67 years has a vast 43 Aged 46 years is a C.A by Aged 43 years he is a C.A by years experience in the qualification with 23 years of qualification & has 20 years
Slide 17: 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 18: Cashflow
Cashflow (Rs. in Crores) Cash Flow Summary FY 2020 FY 2021 FY 2022 FY 2023 FY2024 Net Cash from Operating Activities 14.44 30.04 -71.93 -70.04 149.04 Net Cash Used in Investing Activities -22.39 -55.99 -13.06 -65.31 -93.64 Net Cash Used in Financing Activities 8.84 25.47 84.82 141.35 -61.36 Net Inc/
Slide 19: Ratios
Ratios FY 2020 FY 2021 FY 2022 FY 2023 FY2024 Operational Ratio EBITDA/tonne (Rs.) 2,446 2,152 4,578 7,347 3,700 Financial Ratios Debt-Equity Ratio 0.28 0.42 0.80 0.98 0.83 Current Ratio 2.62 1.50 1.51 1.58 1.38 Working Capital (Rs. Crore) 44.57 34.34 95.15 184.36 131.89 Total Debt (Rs. Crore) 37.04
Slide 20: Thank You
For more information please contact us: Investor Relations Email: ir@mbapl.com THANK YOU Sourabh Gupta, CFO Email: secretarial@mbapl.com, sourabh@mbapl.com
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