Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q4 FY2024 Earnings Presentation
23 slides from Kiri Industries's earnings presentation, May 30, 2024
Slide 1: Submission of Earnings Presentation letter to exchanges
May 30, 2024 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir/Madam, Sub: Submission of Earnings Presentation for Q
Slide 2: Q4-FY24/FY24 Earnings Presentation
Q4-FY24/FY24|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,339 3,801 4,098 4,014 8,650 5,792 5,386 5,565 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY21 FY22 FY23 FY24 the largest manufacturers and exporters of a wide range of Dyes, Dyes In
Slide 4: About DyStar
About DyStar • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemicals, and services to customers across the globe. • With a heritage of more than a century in product development and innovation for the text
Slide 5: History
History 1995 2002 2007 2012 2016 DyStar was founded in 1995 as a FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: JOINT Color Texanlab Sustainable Emerald joint venture between Hoechst AG VENTURE OF: Solutions Textile Performance and Bayer Textile Dyes. In 2000, the Bayer AG and Interna
Slide 6: Q4-FY24/FY24 Financial Highlights
Q4-FY24/FY24 Financial Highlights Q4-FY24 Financial Highlights (Consolidated) Q4-FY24 Financial Highlights (Standalone) Operational Operational EBITDA* EBITDA Margin* EBITDA EBITDA Margin Revenue Revenue INR 51 Mn 1.90% INR (106) Mn NA INR 2,691 Mn INR 1,998 Mn Net Profit* PAT Margin* Diluted EPS Ne
Slide 7: Q4-FY24 Operational Highlights
Q4-FY24 Operational Highlights Consolidated: • Revenue from Operation is gradually increasing, which amounted to INR.269 Crore in Q4FY24, up by 22% Q-o-Q basis. • Operational Expenses are marginally higher by 14% in Q4FY24 as compared to Q3FY24. • Revenue and EBIDTA of Lonsen Kiri for Q4FY24 @40% (s
Slide 8: FY24 Operational Highlights
FY24 Operational Highlights Consolidated: • Consolidated Revenues during FY24 amounted to INR 949 crores, almost similar to previous year, and Consolidated EBIDTA of INR (12) crores as against INR(37) crores for FY23. • EBIDTA to Sales was (1)% in FY24 as compared to (4)% during FY23. • Total Compre
Slide 9: Update on DyStar court case in Singapore
Update on DyStar court case in Singapore Kiri Industries Limited ("Kiri") has recently received a significant judgment/order on May 20, 2024, from the Singapore International Commercial Court ("SICC") regarding legal proceedings related to the enforcement of a buyout order issued earlier by SICC. Ac
Slide 10: Q4-FY24/FY24 Financial Highlights
Q4-FY24/FY24 FINANCIAL HIGHLIGHTS 9
Slide 11: Q4/FY24 Standalone Income Statement
Q4/FY24 Standalone Income Statement PARTICULARS (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Revenue from Operations 1,998 1,568 27.4% 1,410 41.7% Total Expenses 2,104 1,720 22.3% 1,624 29.6% EBITDA (106) (152) (30.3)% (214) (50.5)% EBITDA Margins (%) NA NA NA NA NA Other Income 29 12 NA 84 (65.5)%
Slide 12: FY24 Standalone Income Statement
FY24 Standalone Income Statement PARTICULARS (INR Mn) FY24 FY23 Y-o-Y Revenue from Operations 6,334 6,015 5.3% Total Expenses 6,967 7,106 (2.0)% EBITDA (633) (1,091) (42.0)% EBITDA Margins (%) NA NA NA Other Income 366 234 56.4% Depreciation 442 441 0.2% Finance Cost 225 61 NA PBT (934) (1,359) (31.
Slide 13: Q4-FY24 Consolidated Income Statement
Q4-FY24 Consolidated Income Statement PARTICULARS (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Revenue from Operations 2,691 2,224 21.0% 2,208 21.9% Total Expenses 2,640 2,271 16.2% 2,314 14.1% EBITDA 51 (47) NA (106) NA EBITDA Margins (%) 1.90% NA NA NA NA Other Income 58 28 NA 10 NA Depreciation 1
Slide 14: FY24 Consolidated Income Statement
FY24 Consolidated Income Statement PARTICULARS (INR Mn) FY24 FY23 Y-o-Y Revenue from Operations 9,492 9,451 0.4% Total Expenses 9,614 9,825 (2.1)% EBITDA (122) (374) (67.4)% EBITDA Margins (%) NA NA NA Other Income 87 33 NA Depreciation 486 489 (0.6)% Finance Cost 228 63 NA PBT (749) (893) (16.1)% T
Slide 15: Historical Financials
Kiri Industries Limited Fienre fall of Colors HISTORICAL FINANCIALS
Slide 16: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY21 FY22 FY23 FY24 Revenue from Operations 6,892 11,368 6,015 6,334 Total Expenses 6,901 11,054 7,106 6,967 EBITDA (9) 314 (1,091) (633) EBITDA Margins (%) NA 2.76% NA NA Other Income 20 18 234 366 Depreciation 390 436 441 442 Finance Cost
Slide 17: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY22 FY23 FY24 PARTICULARS (INR Mn) FY22 FY23 FY24 Equity 6,250 4,913 3,971 Non Current Assets 8,117 7,726 7,391 Equity Share Capital 518 518 518 a) Property, Plant and Equipment 5,062 4,736 4,369 Other Equity 5,732 4,395 3,453 b) Right of Use Asset - 3
Slide 18: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY21 FY22 FY23 FY24 Revenue from Operations 9,570 14,969 9,451 9,492 Total Expenses 8,744 13,756 9,825 9,614 EBITDA 826 1,213 (374) (122) EBITDA Margins (%) 8.63% 8.10% NA NA Other Income 22 20 33 87 Depreciation 461 502 489 486 Finance C
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY22 FY23 FY24 PARTICULARS (INR Mn) FY22 FY23 FY24 Equity 25,726 26,793 28,117 Non Current Assets 24,949 26,681 28,522 Equity Share Capital 518 518 518 a) Property, Plant and Equipment 5,430 5,081 4,695 Other Equity 25,208 26,275 27,599 b) Right of Use
Slide 20: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn)* & PAT (INR Mn)* & PAT Margins (%)* 14,969 EBITDA Margins (%)* 1,213 9,570 9,451 9,492 826 529 218 2.28% 3.53% 8.63% 8.10% FY21 FY22 FY23 FY24 -1.29% -9.26% FY21 FY22 FY23 FY24 -11.11% -879 -3.96% -1,050 -374 -122 FY21 FY
Slide 21: Capital Market Data
Capital Market Data Share Price up to 31st March, 2024 60% 40% 20% 0% -20% Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Kiri Sensex Price Data (As on 31st March, 2024) INR Shareholding Pattern (As on 31st March, 2024) Face Value 10.0 Market Price 303.40 Public
Slide 22: Disclaimer
Disclaimer Kiri Industries Limited Disclaimer: The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that all
Slide 23: Thank You
Kiri Industries Limited Fienre fall of Colors THANK YOU