Nitin Spinners Limited · NSE:NITINSPIN
Nitin Spinners — Q4 FY24 Earnings Presentation
23 slides from Nitin Spinners's earnings presentation, May 9, 2024
Slide 1: Exchange filing cover letter for investors' presentation
Nrtru SprrNERs LTD. sc6rdlog b Ceko-T€x€ slofido.d 10C ryE+,KfitBfro24-zs/ Date:49.05.2024 BSE Ltd. NationalStock Exchange of lndia Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, DalalStreet BandraKurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051. Company Code - 532698 Compa
Slide 2: Nitin Spinners Limited Q4 & FY24 - Investor Presentation
Nitin Spinners Limited Q4 & FY24 - Investor Presentation
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Nitin Spinners Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 4: Management Commentary
MANAGEMENT COMMENTARY Commenting on the results, Mr. Dinesh Nolkha – Managing Director said, “The year gone by was a consolidation year for the industry as a whole, marked by strategic execution wherein the company successfully implemented its expansion plan, driving substantial increases in revenue
Slide 5: FY24 at a Glance
FY24 AT A GLANCE Ending FY24 with a Resounding Strength, Paving the Way for an Optimistic Future Achieved Rs. 955 crores Optimized capacity Transitioned sales mix Expanded product Emphasized sustainability capex as per the utilization across all towards higher value- diversity, offering a by integra
Slide 6: Capacity Expansion Completed: Seamless Execution
CAPACITY EXPANSION COMPLETED: SEAMLESS EXECUTION 76,992 Spindles 127488 Spindles 54 Weaving Machines 72,480 Spindles 72,960 Spindles 168 Weaving machines 7,296 Spindles 14 Knitting machines 264 Airjet Spinning Positions Total Capabilities 18 Knitting machines 14 Knitting machines 553 Rotors 3312 Rot
Slide 7: Profit & Loss Statement
PROFIT & LOSS STATEMENT Particulars (Rs. Crs) Q4 FY24 Q4 FY23 Q3 FY24 FY24 FY23 Total Revenue 800.71 654.80 750.42 2,905.65 2,406.71 EBITDA 116.24 70.98 102.73 377.05 297.06 EBITDA Margin (%) 14.52% 10.84% 13.69% 12.98% 12.34% Depreciation 36.25 21.30 34.78 118.47 86.81 Other Income 0.62 1.36 0.30 2
Slide 8: Balance Sheet Statement
BALANCE SHEET STATEMENT Assets (Rs. Crs) Mar-24 Mar-23 Equity & Liabilities (Rs. Crs) Mar-24 Mar-23 Non-current assets 1,729.93 1,421.98 EQUITY 1,146.33 1,028.90 Property, Plant and Equipment 1,708.24 1,010.04 Equity Share Capital 56.22 56.22 Other Equity 1,090.11 972.68 Capital work-in-progress 2.4
Slide 9: Cash Flow Statement
CASH FLOW STATEMENT Particulars (Rs. Crs) Mar-24 Mar-23 Operating profit before working capital changes 380.56 302.46 Changes in working capital (191.58) (55.52) Cash generated from operations 188.98 246.94 Direct taxes paid (net of refund) (25.5) (53.17) Net Cash from Operating Activities 163.48 19
Slide 10: Growth Dynamics: A Blend of Volume and Value
GROWTH DYNAMICS: A BLEND OF VOLUME AND VALUE YARN WOVEN FABRIC Sales Volume (in MT) Sales Volume (Mn Mtr) 23,800 48,817 53,710 47,149 73,843 160 248 282 357 Revenue (Rs. Crs) 4.2x 4.5x 2,020 572 1,878 515 1,594 386 1,055 472 127 FY15 FY20 FY22 FY23 FY24 FY20 FY22 FY23 FY24 • Steady increase in Sales
Slide 11: Revenue Bifurcation
REVENUE BIFURCATION Q4 FY24 Q4 FY23 Q3 FY24 FY24 FY23 Products Rs. Crs % Rs. Crs % Rs. Crs % Rs. Crs % Rs. Crs % Yarn 569.0 71.1% 447.0 68.3% 523.8 69.8% 2,019.9 69.5% 1,593.6 66.2% Fabrics 190.6 23.8% 160.7 24.5% 185.4 24.7% 716.5 24.6% 654.4 27.2% Others 41.1 5.1% 47.1 7.2% 41.2 5.5% 169.2 5.8% 15
Slide 12: Production and Sales Volumes
PRODUCTION AND SALES VOLUMES Q4 FY24 Q4 FY23 Q3 FY24 FY24 FY23 Production Yarn (MT) 25,563 17,226 25,158 91,504 61,378 Knitted Fabric 1,513 761 1,651 5,060 3,521 Woven & Finished Fabrics Griege Woven Fabric Production (Mn Mtrs) 8.70 8.97 9.24 35.73 30.04 Finished Fabric Production (Mn Mtrs) 8.20 6.1
Slide 13: Consistent Performance
CONSISTENT PERFORMANCE Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 2,906 652 326 2,692 2,407 1,624 377 1,438 297 164 257 132 170 69 24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 ROACE % ROAE % NET WORTH 36% 37% 1,146 1,029 876 17% 494 563 11% 12% 12% 12% 12% 6
Slide 14: Backed by Industry Growth
BACKED BY INDUSTRY GROWTH… Overall Indian Textile & Apparel Market • Indian textile and apparel industry is projected to grow at a CAGR of 6.0-7.0% from fiscal 2024 till fiscal 2028 and reach a value of Rs. 12,500-12,700 billion Exports (in Rs bn) Domestic (in Rs.bn) 8,892 3,458 • During this period
Slide 15: Nitin Spinners – At a Glance
NITIN SPINNERS – AT A GLANCE India’s Leading manufacturer of Cotton & Blended Yarn, Knitted Fabrics, Greige & Finished Woven Fabrics Established in 1992 Headquartered in Bhilwara (Rajasthan) 2,906 Crs 377 Crs | 13.0% 132 Crs | 4.5% Plants located at Bhilwara & Chittorgarh, Revenue EBITDA | Margin PA
Slide 16: The Evolution
THE EVOLUTION 1993 1993 1999 1995 2002 2003 2005 2005 ▪ Commenced Operations With Open-End ▪ Total Installed Rotors Reached ▪ Ventured into Ring Spinning by ▪ Ring Spinning Capacity Doubled to Spinning - Installed 384 Rotors with an 1,464 Installing 14,112 Spindles Forward 27,216 Spindles and Knitti
Slide 17: Strong Presence in Domestic & Major International Markets
STRONG PRESENCE IN DOMESTIC & MAJOR INTERNATIONAL MARKETS ~59% of Total revenue comes from exports Global Presence 50+ Countries Revenue Breakup(%) CANADA EUROPE USA CHINA Domestic 27 37 44 41 INDIA AFRICA BANGLADESH Export 73 63 56 59 S AMERICA FY21 FY22 FY23 FY24 AUSTRALIA 16 The Maps provided are
Slide 18: Product Portfolio
PRODUCT PORTFOLIO Wide Product Range & End-User Application Yarn Knitted Fabric Finished Woven Fabric The company offers a wide range of products to cater An extensive portfolio of knitted fabrics to meet the A complete range of Dyed and Printed Fabrics for varied customer needs and end user applica
Slide 19: Cost Efficient Operating Model
COST EFFICIENT OPERATING MODEL 01. Our best in-class technology and state-of- art machineries results in cost efficiency, 04. With focused endeavors on R&D and faster turn around and further enhances our value enhancement, we have successfully efficiency quotient entered multiple markets 05. Optimum
Slide 20: Way Forward
WAY FORWARD CONSOLIDATION OF LEADERSHIP POSITION Strive to maintain the leadership position garnered over the years with consistent growth and venturing into newer markets PROPORTION OF VALUE-ADDED PRODUCTS Increase the proportion of value-added products to better margins and bottom line IMPROVING C
Slide 21: CSR and Environment Sustainability Initiatives
CSR AND ENVIRONMENT SUSTAINABILITY INITIATIVES Conservation of water by installing Construction of Women hostel Zero liquid discharge system, in Bhilwara Sewage water treatment plant and Rainwater Harvesting Contribution for cotton Renewable Solar power capacity of development and research 18.8 MW b
Slide 22: Awards and Certifications
AWARDS AND CERTIFICATIONS Key Awards & Accolades Recent Awards by TEXPROCIL Gold Trophy for Highest Exports of Cotton Yarn of Counts 50s and below in Category III for the year 2022-2023 Gold Trophy for Highest Employment Generation (Overall) for the year 2022-23 Gold Plaque for Highest Exports of Co
Slide 23: Company and Investor Relations Advisors contact
Company : Investor Relations Advisors : CIN: L17111RJ1992PLC006987 CIN: U74140MH2010PTC204285 Mr. P Maheshwari - CFO Ms. Manasi Bodas / Mr. Shogun Jain pmaheshwari@nitinspinners.com manasi.bodas.@sgapl.net/shogun.jain@sgapl.net +91 9821043510 / +91 7738377756 www.nitinspinners.com www.sgapl.net