Sutlej Textiles & Industries Ltd. · NSE:SUTLEJTEX
Sutlej Textiles & Industries — Q3 FY2024 Earnings Presentation
26 slides from Sutlej Textiles & Industries's earnings presentation, Feb 9, 2024
Slide 1: Sutlej Textiles Q3 & 9MFY24 Result Presentation filing letter
SUTLEJ TEXTILES AND INDUSTRIES LIMITED Lotus Corporate Park, ‘E’ Wing, 5th/6th Floor, 185/A, Graham Firth Compound, Near Jay Coach, Goregaon (East), Mumbai 400 063, INDIA. Phone : (022) 4219 8800/6122 8989 Fax (022) 42198830 E-mail : info@sutlejtextiles.com Website: www.sutlejtextiles.com CIN. : L17
Slide 2: Sutlej Textiles and Industries Limited
Sutlej Textiles and Industries Limited Leadership in Yarns, Establishing a Niche in Home Textiles Q3 & 9MFY24 Presentation | February 2024
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sutlej Textiles and Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Q3 & 9MFY24 Result Updates
Q3 & 9IMFY24 Result Updates
Slide 5: Financial Performance – Q3 & 9MFY24
Financial Performance – Q3 & 9MFY24 Consolidated (Rs Crore) Q3FY24 Q2FY24 QoQ% Q3FY23 YoY % 9MFY24 9MFY23 YoY % Total Income 612 739 -17% 670 -9% 2062 2349 -12% Cost of goods sold 375 504 -26% 365 3% 1308 1201 9% Gross Profit 237 235 1% 305 -22% 754 1147 -34% GP margin % 39% 32% 691 bps 45% (679 bps
Slide 6: Yarn Business Highlights – Q3 & 9MFY24
Yarn Business Highlights – Q3 & 9MFY24 Capacity utilisation Yarn Sales Volumes Focusing on Domestic Market Consolidated Sales (Rs Crs) 94% 30,271 656 735 607 84% 40% 37% 24,752 42% 79% 22,522 60% 58% 63% Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Yarn Capacity Utilization (%) Yar
Slide 7: Balance Sheet (Consolidated) – Highlights
Balance Sheet (Consolidated) – Highlights Consistently keeping the Debt to Equity below 1x… Overall Debt Levels continue to be in control 942 951 0.95 907 0.91 871 747 0.86 0.86 291 339 464 0.76 556 388 580 569 478 395 359 FY20 FY21 FY22 FY23 9MFY24 FY20 FY21 FY22 FY23 9MFY24 Long Term Short Term
Slide 8: From the Executive Chairman’s Desk
From the Executive Chairman’s Desk Commenting on the results, Mr. C.S. Nopany, Executive Chairman, Sutlej Textiles and Industries Limited said: “The Global Economy, after a tough couple of quarters is now seeing moderating inflation and steady growth, which is likely to help consumption as discretio
Slide 9: Sutlej
Sutlej Creation of a Strong Foundation over the years
Slide 10: Successful Yarn business, building a niche Home Textile business
Sutlej Textiles – Successful Yarn business, building a niche Home Textile business Established Value-added Yarn Player Building a strong Home Textile Brand • Largest Spun Dyed Capacity • Niche Segment Presence One of India’s largest spun dyed Yarn and leading Melange Yarn One of the few listed p
Slide 11: Key Business Verticals
Key Business Verticals Dyed Yarns SPECIALISED YARN Value Added Yarn Segment Melange Yarns SUSTAINABLE GREEN FIBRE Recycled Polyester Recycled Green fibre Staple Fibre Curtains HOME TEXTILES Upholstery Niche Segment Made Ups 10
Slide 12: Guided by Industry Veterans and Experienced Management
Guided by Industry Veterans and Experienced Management Board of Directors Mr. C.S. Nopany Mr. U.K. Khaitan Mr. Amit Dalal Mr. Rajan Dalal Ms. Sonu Bhasin Executive Chairman Independent Independent Independent Independent Non-Executive Director Non-Executive Director Non-Executive Director Non-Execut
Slide 13: Consistently Expanding Capacities and Product Portfolio
Consistently Expanding Capacities and Product Portfolio… Backward Acquisition of Birla integration into Commenced Textile Mills Acquired Design, green fiber commercial production 31,104 spindles Sales, and Modernization of of 31,104 Spindles at added at 35,280 spindles – Distribution Home Textile Fa
Slide 14: Focused on Value Added Specialty Yarn
Focused on Value Added Specialty Yarn Always Opted for Expansion into High Value Specialty Yarn
Slide 15: Among the Leading Yarn and Fabric Capacities in India
Among the Leading Yarn and Fabric Capacities in India Our manufacturing facilities are capable to handle a variety of Raw Material, having different Counts We work very closely with our Customers to fulfil requirements and on the ethos, ‘Manufacture to Sale and Not to Stock’ 1 Kathua, J&K 1 4 Da
Slide 16: Speciality Dyed Yarns – Backbone of Our Business
Speciality Dyed Yarns – Backbone of Our Business Leading Yarn manufacturer in India Continuous Increase in Spindle Capacities (MT) 4,26,528 Dyed Yarn Spindles ~41% dedicated to Melange Yarn ~59% dedicated to various blends 4,22,602 4,26,528 Well Diversified Product Portfolio/geographies an
Slide 17: Sustainable Green Fibre Unit
Sustainable Green Fibre Unit Backward integration into recycle fibre to meet captive demand
Slide 18: Improving Operating Efficiency by Backward Integration
Improving Operating Efficiency by Backward Integration… Captive Utilisation RPSF – A Key Raw Material for Sutlej Bottle Flake Fibre Yarn Fabric Key Statistics: Updates 120 Tonne per day Installed capacity of green fibre at Capacity utilization has been consistently increasing Sutlej and currentl
Slide 19: Home Textile Business
Home Textile Business One of the Few Listed Curtains & Upholstery Players
Slide 20: Home Textile Business
Home Textile Business Focus on Curtains, Upholstery & Made ups One of the leading producers & exporters of Home furnishings. Increase in Loom Capacities (MMT) over past 12 yrs American Silk Mills (ASM), leading Design & Distribution Company in USA Latest Technology in design & manufacturing
Slide 21: Home Textile Business – Increase in Penetration
Home Textile Business Increase in Penetration Expanded customer base in large format retail stores in UAE and UK. Strategically positioning ready-made products with prominent accounts such as Home Center in the UAE, to tap into new growth opportunities The new collection launched in the Domestic
Slide 22: “Nesterra” - Building a Brand of Future
“Nesterra” - Building a Brand of Future From B2B to Retail Brand • In FY21, launched the first retail brand in its existence • ‘Nesterra’ has established itself as a prominent player in the industry through its fastest grown distribution network • Have developed seamless ordering portal for the trad
Slide 23: “Nesterra” - Building a Brand of Future
“Nesterra” - Building a Brand of Future Market Penetration Total number of MBOs selling Nesterra Collections is over 600. Extended our agent network to cover all locations Launched 12 new premium collections at Home Décor Expo 2023, in addition to the existing 24 collections of Nesterra in the m
Slide 24: American Silk Mills
American Silk Mills Key Highlights Market Penetration Successfully secured new placements for our products, expanding our reach in the market Actively focusing on enhancing our relationships with our valued accounts in the furniture manufacturing sector Our primary emphasis will remain on jobb
Slide 25: Awards
Awards Securing top honors at the ‘SRTEPC’s Export Awards 2022-23’ A Triple Triumph – 1. Gold in Synthetic & Rayon Dyed Yarns 2. Silver in Man-made Fibre Yarn Blended with natural fibre 3. The prestigious Bronze SRTEPC Special Awards 24
Slide 26: Contact details
“ Work hard in Silence, let your success be your noise.”- Frank Ocean – Option 1 “ Energy and Persistence conquer all things.”- Benjamin Franklin- Option 2 Mr. Rajib Mukhopadhyay rajibm@sutlejtextiles.com Lotus Corporate Park, Goregaon (East), Mumbai 400063 CIN. : L17124RJ2005PLC020927 For more info
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