Sutlej Textiles & Industries Ltd. · NSE:SUTLEJTEX
Sutlej Textiles & Industries — Q4 FY24 Earnings Presentation
29 slides from Sutlej Textiles & Industries's earnings presentation, May 10, 2024
Slide 1: Cover letter to stock exchanges: Q4 & FY24 Result Presentation
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: Leadership in Yarns, Establishing a Niche in Home Textiles
Sutlej Textiles and Industries Limited Leadership in Yarns, Establishing a Niche in Home Textiles Investor Presentation - Q4 & FY24
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: Table of Content
Table of Content 1. Q4 & FY24 Result Updates 2. STIL – Company Overview 3. Sustainable Green Fibre 4. Specialised Yarn 5. Home Textiles 3
Slide 5: Key Highlights – Q4 & FY24
Key Highlights – Q4 & FY24
Slide 6: Strong Foundation, Navigating Challenging Business Environment
Strong Foundation, Navigating Challenging Business Environment Key Business Updates Yarn Business: The spinning industry witnessing subdued demand since last 5-6 quarters in domestic and export markets, which had a resultant impact on our overall performance in FY24. However, some respite seen fro
Slide 7: Yarn Business – Highlights
Yarn Business – Highlights Sales Volume and Capacity Utilization Revenue Mix (Q4FY24) Segment Revenue (Rs Cr) Segment EBIT (Rs Cr) 84% 79% 83% 677 612 -7 Q4FY24 552 41% -23 30,271 26,505 24,752 59% -53 Q2FY24 Q3FY24 Q4FY24 Domestic Export Q2FY24 Q3FY24 Q4FY24 Q2FY24 Q3FY24 Q4FY24 Sales Volume and Ca
Slide 8: Home Textiles Business – Highlights
Home Textiles Business – Highlights Segment Revenue (Rs Cr) Segment EBIT (Rs Cr) Record-breaking performance: 214 Nesterra turnover increased by 61% 200 YoY to 2,98,000 metres in FY24, showcasing remarkable growth and FY24 customer engagement -25 Expanded Market Presence: Nesterra's market footprint
Slide 9: Home Textile Business – Highlights
Home Textile Business – Highlights Improving product mix and broadening product portfolio – introduced more than 696 new SKUs in Q4FY24 Focus on higher end markets in developed countries like USA/UK Expanded customer base in large format retail stores in UAE and UK. Strategically positioning r
Slide 10: Consolidated Balance Sheet – Highlights
Consolidated Balance Sheet – Highlights Total Borrowings (Rs Cr) Debt to Equity (times) 942 932 0.95 871 908 0.91 821 0.86 0.86 0.85 291 339 464 537 449 580 569 478 395 371 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Long Term Short Term Total Overall Debt Levels continue to be in control; Low
Slide 11: Consolidated Profit & Loss – Q4 & FY24
Consolidated Profit & Loss – Q4 & FY24 Particulars (Rs Cr) Q4FY24 Q4FY23 YoY % Q3FY24 QoQ% FY24 FY23 YoY % Total Income 665 752 -12% 612 9% 2,727 3,100 -12% Cost of goods sold 397 457 -13% 375 6% 1,705 1,658 3% Employee cost 96 99 -3% 97 -1% 417 436 -5% Other expenses 159 162 -2% 141 13% 619 720 -14
Slide 12: Consolidated Annual Financials - Snapshot
Consolidated Annual Financials - Snapshot Particulars (Rs Cr) FY20 FY21 FY22 FY23 FY24 Total Income 2,405 1,892 3,072 3,100 2,727 EBITDA 203 146 418 286 -13 Depreciation, Impairment and Amortization 100 94 120 127 117 Profit before Tax and Exceptional Items 59 15 249 101 -195 Exceptional Items 4 - 8
Slide 13: 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 remained subdued in the face of geo-political turmoil in different regions of the world. Consumer spending continues to be need- based d
Slide 14: Corporate Social Responsibility
Corporate Social Responsibility Contributed towards construction of Construction of a computer laboratory Construction of cow shed ground floor at NR Agarwal Notary in senior secondary girls school Hospital 13
Slide 15: Sutlej – Among the Leading Integrated Textile Manufacturers in India
Sutlej – Among the Leading Integrated Textile Manufacturers in India
Slide 16: A Premier Indian Yarn Manufacturer, Growing Presence in Home Textiles
A Premier Indian Yarn Manufacturer, Growing Presence in Home Textiles Patronage of the renowned Large Scale, World-class Focus on Sustainable K. K. Birla Group Yarn Capacities Transformation • Established in 1934 by Late Dr. • A Leading Yarn Manufacturer in India Green Fibre (for captive use) Krishn
Slide 17: Creation of a Strong Foundation over the years
Creation of a Strong Foundation over the years Sustainable Transformation Capacity Expansion Spinning Excellence 2017 (Entered into Home Textile Segment) 2006-07: Entered into Home Textile Segment since 1934 • Acquired Design, Sales, and Distribution 2007-08: Expansion at Rajasthan Unit (DS&D) busin
Slide 18: Among the Leading Yarn and Fabric Capacities in India
Among the Leading Yarn (426,528 Spindles) and Fabric Capacities in India Our facilities are capable to handle a variety of Raw Material, having different Counts 1 We work very closely with our Customers to fulfil requirements and on the ethos, ‘Manufacture to Sale and Not to Stock’ 2 5 Yarn Home
Slide 19: Key Business Verticals
Key Business Verticals SUSTAINABLE GREEN FIBRE SPECIALISED YARN HOME TEXTILE Recycled Green fibre Value Added Yarn Segment Niche Segment Recycled Polyester Staple Fibre Dyed Yarns Melange Yarns Curtains Upholstery Made Ups 18
Slide 20: Sustainable Green Fibre
Sustainable Green Fibre
Slide 21: Sustainable Green Fibre - Improving Operating Efficiency by Backward Integration
Sustainable Green Fibre - Improving Operating Efficiency by Backward Integration Bottle Flake Fibre Yarn Fabric 1 2 3 4 5 RPSF – A Key Raw Material for Sutlej 120 Tonne per day 4.80 Mn per day Huge Potential installed capacity peak quantum of of Green Fibre PET bottles that 60 Mn PET drinking
Slide 22: Specialty Dyed Yarn
Specialty Dyed Yarn
Slide 23: Speciality Dyed Yarns – Backbone of Our Business
Speciality Dyed Yarns – Backbone of Our Business Leading Yarn manufacturer in India Well Diversified Product Portfolio/geographies and customers 4,26,528 Dyed Yarn Spindles • Robust Business Model with low customer concentration and diversified geographical spread. ~41% dedicated ~59% dedicated • B2
Slide 24: Awards
Awards 1. Securing top honors at the ‘SRTEPC’s Export Awards 2022-23’. A Triple Triumph: Gold in Synthetic & Rayon Dyed Yarns Silver in Man-made Fibre Yarn Blended with natural fibre The prestigious Bronze SRTEPC Special Award 2. The Cotton Textiles Export Promotion Council (TEXPROCIL): Gold
Slide 25: Niche Home Textile
Niche Home Textile
Slide 26: One of the Leading Producers and Exporters of Home furnishings
One of the Leading Producers and Exporters of Home furnishings Curtains Upholstery Made ups High Quality Product Offerings With 118 State-of-the-Art Sizeable Capacity of Dobby & Jacquard Looms, Manufacturing Facility at Gujarat 8.40 Mn. metres/pa including 38 looms with double width Building Premium
Slide 27: “Nesterra” - Building a Brand of Future
“Nesterra” - Building a Brand of Future Brand Overview • In FY21, launched the first retail brand in its existence and within a short span of time, ‘Nesterra’ has begun earning respect from top Architect and interior design community for its distinct product offering and has been tastefully found ho
Slide 28: “Nesterra” - Marketing and Advertising Initiatives
“Nesterra” - Marketing and Advertising Initiatives • Nesterra's newly launched collections featured in over 40 Print and 10 Online CAT A & B publications. • Nesterra’s key collections have featured in some of the leading décor magazines such as ELLE Décor and Good Homes • Executed a social media cam
Slide 29: Thank You
Thank You Mr. Rajib Mukhopadhyay Ms. Pooja Sharma / Ms. Vinita Pandya rajibm@sutlejtextiles.com pooja.sharma@stellar-ir.com / vinita@stellar-ir.com CIN. : L17124RJ2005PLC020927 Lotus Corporate Park, Goregaon (East), Mumbai 400 063 A - 405, Kanakia Wall Street, Andheri (East), Mumbai - 400 093 For mo
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