Madhya Bharat Agro Products Ltd. · NSE:MBAPL
Madhya Bharat Agro Products — Q3 FY2024 Earnings Presentation
23 slides from Madhya Bharat Agro Products's earnings presentation, Feb 14, 2024
Slide 1: Exchange filing cover letter for results presentation
Date: 14.02.2024 National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex, Bandra (East) Mumbai-400 051 Company Code: MBAPL Dear Sir/Madam, Sub: Results Presentation for the Quarter -3 for the financial year 2023-24 Pursuant to Regulation 30 of the Securities and Exchange Board o
Slide 2: Q3 and 9M FY24 Financial Results presentation
Madhya Bharat Agro Products Ltd (MBAPL) [A unit of Ostwal Group of Industries] Q3 and 9M FY24 Financial Results presentation
Slide 3: Forward Looking Statement
Forward Looking Statement Disclaimer:- This presentation may contains “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: Recent Updates & Quarterly Performance
Recent Updates & Quarterly Performance 3
Slide 5: Recent Updates
Recent Updates ▪ Updates on Capacity addition plan at Maharashtra: We have been allotted 47 hectare land and process of setting up of new project is already initiated. ▪ Financial highlights o Revenue at INR 243.7 Cr. o EBITDA at INR 18.4 Cr. o PAT at INR 1.3 Cr. o Revenues & profits for the fertili
Slide 6: Performance Trend
Performance Trend Revenue (INR Crore) EBITDA (INR Crore) 748.2 671.3 169.1 286.0 84.7 243.8 65.6 18.3 Q3FY23 Q3FY24 9 MO 23 9 MO 24 Q3FY23 Q3FY24 9 MO 23 9 MO 24 PAT (INR Crore) • Lower realizations with stagnant input costs lead to 99.9 lower operating margins • Subsidy receivable as on December 31
Slide 7: Volumes
Volumes 9M FY23 9M FY24 Q3FY23 Q3FY24 Production (MT) Chemical & Intermediates - BRP (Crushing) 107310 106004 29164 25793 - Sulphuric Acid 75,431 73,335 27873 27598 - Phosphoric Acid 9,983 15,076 4082 7605 Fertiliser - SSP 172,672 144,808 58,222 40,929 - DAP - 18,436 - 12,798 - NPK 71,396 76,318 37,
Slide 8: Results Table
Results Table Q3 Y-o-Y 9Mo Y-o-Y Full Year (Rs. in crore) FY2024 FY2023 Growth (%) FY2024 FY2023 Growth (%) FY2023 Revenue from operations 243.8 286.3 -14.6 671.3 748.2 -10.3 982.1 Other income 0.4 3.7 -90.2 2.2 4.0 -46.0 5.2 Total income 244.2 290.0 -15.8 673.5 752.2 -10.5 987.2 Cost of materials c
Slide 9: MBAPL – an overview
MBAPL – an overview अन्नदाता का साथ, ककसान का विकास 8
Slide 10: Overview
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 BRP. He along with his sons Mr. Pankaj Ostwal and Mr. Praveen Ostwal have mas
Slide 11: Journey so far
Journey so far Doubled manufacturing Incorporated in 1997 Began SSP & capacity of DAP/NPK/ASP was taken over by OGI Sulphuric Acid & Migrated to NSE plant to 240,000 MT and with its 60,000 MT SSP got listing on NSE Main board of stock PA to 49,500 MT per plant in 2004. SME Emerge. exchange annum 200
Slide 12: Strategic Location with regular capacity additions
Strategic Location with regular capacity additions Finished Goods Capacities (MT) FY21 FY22 FY23 240000 240000 240000 240000 Uttar Pradesh 120000 Close proximity to market enabling shorter delivery time and swifter availability of fertilizer Gujarat to farmers 0 Dahej Seaport Madhya Pradesh • Low gr
Slide 13: Only Manufacturer in India with Full Backward Integration
Only Manufacturer in India with Full Backward Integration 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
Slide 14: Efficient Operating Metrics
Efficient Operating Metrics Capacity Capacity Capacity Production utilisation (%) utilisation (%) utilisation (%) capacity (MTPA) 9M FY24 (ann.) FY23 FY22 Chemical & Intermediate Production Volumes (in ‘000 MT) FY22 FY23 9M FY24 DAP/NPK** 240,000 53% 78% 32% 120 111 106 89 89 SSP/GSSP 240,000 80% 87
Slide 15: Competitive Advantage
Competitive Advantage PROVEN track ONLY Fully Backward BENEFITS of record Manufacturer Economies of Scale Time and again promoters have Ability to beneficiate a low-grade Rock Ostwal Group is 2nd largest SSP acquired & turnaround loss making Phosphate to High Grade Rock manufacturer enabling discoun
Slide 16: Focus farmer connect and sustainability
Focus farmer connect and sustainability Sustainability Focus on quality ▪ MBAPL is committed to sustainable fertilizer for agriculture. The company’s fertilizers enrichment of crop are designed to minimize the impact on soil and water resources and NABL accredited reduce greenhouse gas emissions. la
Slide 17: Chairman’s Quote
Chairman’s Quote Commenting on the financial performance of the company for Q3FY24, Mr. MK Ostwal said, “This quarter was mixed bag period for us with both opportunities and challenges. We entered into a landmark marketing arrangement with NFL and were also awarded with ‘Best Production Award’ in SS
Slide 18: Promoters
Promoters Mr. M.K. Ostwal Mr. Pankaj Ostwal Mr. Praveen Ostwal Promoter, Chairman & Promoter & Director- Promoter & Director- Director Commercials Technicals Aged 67 years has a vast Aged 46 years is a C.A by Aged 43 years he is a C.A by 43 years experience in the qualification with 23 years qualifi
Slide 19: Annexures
& OSTWAL Annexures a *
Slide 20: Historical Financial Performance
Historical Financial Performance Revenue (Rs. Crore) EBITDA (Rs. Crore) Margin (%) 25.6% 26.7% 22.5% 21.7% 21.8% 982 491 215 116 131 186 42 107 30 35 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 ROE (%) ROCE (%) PAT (Rs. Crore) Margin (%) 45.3% 12.6% 11.3% 10.8% 11.6% 35.1% 9.8% 124 37.82% 14.5
Slide 21: Ratios & Cashflow
Ratios & Cashflow (Rs. in Crores) Particular FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 Cash Flow Summary Cash and Cash Equivalents at Beginning of the year 0.01 0.18 0.95 0.05 0.02 Net Cash from Operating Activities -70.04 -71.93 30.04 14.44 15.36 Net Cash Used in Investing Activities -65.31 -13.06 -5
Slide 22: Key Ratios
Key Ratios FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 Operational Ratio EBITDA/tonne (Rs.) 7,347 4,578 2,152 2,446 2,076 Financial Ratios Debt-Equity Ratio 0.98 0.80 0.42 0.28 0.20 Current Ratio 1.58 1.51 1.50 2.62 2.19 Working Capital (Rs. Crore) 183.15 95.15 34.34 44.57 30.43 Total Debt (Rs. Crore) 3
Slide 23: Thank You
Thank You Sourabh Gupta, CFO Madhya Bharat Agro Products Limited (MBAPL) Email: secretarial@mbapl.com, secretarial@ostwal.in, sourabh@mbapl.com Gavin Desa / Rishab Barar CDR - India Tel: +91 98206 37649/ 7777 35061 Email: gavin@cdr-india.com / rishab@cdr-india.com
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