Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q4 FY23 Earnings Presentation
22 slides from Kiri Industries's earnings presentation, May 31, 2023
Slide 1: Cover letter to stock exchanges: Q4-FY23 earnings presentation
May 31, 2023 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-FY23/FY23 Earnings Presentation
Q4-FY23/FY23|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,339 6,499 3,801 4,098 8,650 6,607 5,792 5,386 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY20 FY21 FY22 FY23 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-FY23/FY23 Financial Highlights
Q4-FY23/FY23 Financial Highlights Q4-FY23 Financial Highlights (Consolidated) Q4-FY23 Financial Highlights (Standalone) Operational Operational EBITDA* EBITDA Margin* EBITDA EBITDA Margin Revenue Revenue INR (47) Mn NA INR (152) Mn NA INR 2,224 Mn INR 1,568 Mn Net Profit* PAT Margin* Diluted EPS Net
Slide 7: Q4-FY23/FY23 Operational Highlights
Q4-FY23/FY23 Operational Highlights Consolidated: The margins were impacted due to increase in key raw material prices, power & fuel cost, and freight & transportation cost during current financial year as compared to preceding financial year. Kiri expects to reclaim EBIDTA margins obtained in previ
Slide 8: Update on DyStar court case in Singapore
Update on DyStar court case in Singapore Kiri has been very successful, and has won against Senda International Capital Limited (Senda), the wholly owned Subsidiary of Longsheng Group, China, wherein, on March 3, 2023 Singapore International Commercial Court (SICC) crystalized and decided the final
Slide 9: Q4-FY23/FY23 Financial Highlights
Q4-FY23/FY23 FINANCIAL HIGHLIGHTS 8
Slide 10: Q4-FY23 Standalone Income Statement
Q4-FY23 Standalone Income Statement PARTICULARS (INR Mn) Q4-FY23 Q4-FY22 Y-o-Y Q3-FY23 Q-o-Q Revenue from Operations 1,568 3,282 (52.2)% 1,326 18.3% Total Expenses 1,720 3,220 (46.6)% 1,629 5.6% EBITDA (152) 62 NA (303) (49.8)% EBITDA Margins (%) NA 1.89% NA NA NA Other Income 12 6 NA 70 (82.9)% Dep
Slide 11: FY23 Standalone Income Statement
FY23 Standalone Income Statement PARTICULARS (INR Mn) FY23 FY22 Y-o-Y Revenue from Operations 6,015 11,368 (47.1)% Total Expenses 7,106 11,054 (35.7)% EBITDA (1,091) 314 NA EBITDA Margin(%) NA 2.76% NA Other Income 234 18 NA Depreciation 441 436 1.1% Finance Cost 61 46 32.6% PBT (1,359) (150) NA Tax
Slide 12: Q4-FY23 Consolidated Income Statement
Q4-FY23 Consolidated Income Statement PARTICULARS (INR Mn) Q4-FY23 Q4-FY22 Y-o-Y Q3-FY23 Q-o-Q Revenue from Operations 2,224 4,169 (46.7)% 2,038 9.1% Total Expenses 2,271 3,920 (42.1)% 2,209 2.8% EBITDA (47) 249 NA (171) NA EBITDA Margins (%) NA 5.97% NA NA NA Other Income 28 5 NA 3 NA Depreciation
Slide 13: FY23 Consolidated Income Statement
FY23 Consolidated Income Statement PARTICULARS (INR Mn) FY23 FY22 Y-o-Y Revenue from Operations 9,451 14,969 (36.9)% Total Expenses 9,825 13,756 (28.6)% EBITDA (374) 1,213 NA EBITDA Margins (%) NA 8.10% NA Other Income 33 20 65.0% Depreciation 489 502 (2.6)% Finance Cost 63 48 31.3% PBT (893) 683 NA
Slide 14: Historical Financials
Kiri Industries Limited Fienre fall of Colonie HISTORICAL FINANCIALS
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY20 FY21 FY22 FY23 Revenue from Operations 9,690 6,892 11,368 6,015 Total Expenses 8,729 6,901 11,054 7,106 EBITDA 961 (9) 314 (1,091) EBITDA Margins (%) 9.92% NA 2.76% NA Other Income 41 20 18 234 Depreciation 366 390 436 441 Finance Cost
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY21 FY22 FY23 PARTICULARS (INR Mn) FY21 FY22 FY23 Equity 6,346 6,250 4,913 Non Current Assets 8,098 8,117 7,726 Equity Share Capital 336 518 518 a) Property, Plant and Equipment 5,189 5,062 4,736 Other Equity 6,010 5,732 4,395 b) Other Intangible assets
Slide 17: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY20 FY21 FY22 FY23 Revenue from Operations 13,054 9,570 14,969 9,451 Total Expenses 11,193 8,744 13,756 9,825 EBITDA 1,861 826 1,213 (374) EBITDA Margins (%) 14.26% 8.63% 8.10% NA Other Income 53 22 20 33 Depreciation 444 461 502 489 Fin
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY21 FY22 FY23 PARTICULARS (INR Mn) FY21 FY22 FY23 Equity 21,844 25,726 26,793 Non Current Assets 21,580 24,949 26,681 Equity Share Capital 336 518 518 a) Property, Plant and Equipment 5,591 5,430 5,081 Other Equity 21,508 25,208 26,275 b) Other Intang
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn)* & PAT (INR Mn)* & PAT Margins (%)* 14,969 EBITDA Margins (%)* 1,157 13,054 1,861 8.86% 529 9,570 9,451 1,213 3.53% 218 14.26% 826 2.28% 8.63% 8.10% FY20 FY21 FY22 FY23 -3.96% -11.11% FY20 FY21 FY22 FY23 -1,050 FY20 FY21
Slide 20: Capital Market Data
Capital Market Data Share Price up to 31st March, 2023 20% 10% 0% -10% -20% -30% -40% -50% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Kiri Sensex Price Data (As on 31st March, 2023) INR Shareholding Pattern (As on 31st March, 2023) Face Value 10.0 Public Mark
Slide 21: 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 22: Thank You
Kiri Industries Limited Fienre fall of Colonie THANK YOU