Bcl Industries Ltd · NSE:BCLIND
Bcl Industries — H1 FY2023 Earnings Presentation
28 slides from Bcl Industries's earnings presentation, Dec 7, 2022
Slide 1: Submission of Investors Presentation cover letter
Regd. Office: Hazi Rattan Link Road, Post Box No. 71, Bathinda-151001 Ph.: 0164-2240163, 2240443, 2211628, Fax: 0164-5003638 Website: www.bcl.ind.in Email: bcl@mittalgroup.co.in CIN: L24231PB1976PLC003624 TO TO CORPORATE RELATIONSHIP DEPARTMENT THE MANAGER, BSE LIMITED NATIONAL STOCK EXCHANGE OF IND
Slide 2: Investor Presentation December 2022
Investor Presentation December 2022
Slide 3: Executive Summary
Executive Summary Company Overview • BCL is a part of the Mittal Group founded in 1976, by Late Shri D. D. Mittal. • Under the stewardship of Mr. Rajinder Mittal, the company has now grown into an INR 20,012 Mn business empire. • The company is a diversified conglomerate in manufacturing and develop
Slide 4: Company Overview
COMPANY OVERVIEW
Slide 5: Company at A Glance
Company at A Glance Consolidated Revenue (INR Mn) 20,012 • The company has transformed from a small oil mill to one of the most modern and 14,592 largest vertically integrated agro-based edible oil player in India with a processing capacity of 1,020 MT per day. 9,255 8,333 • The company forayed into
Slide 6: Board of Directors
Board of Directors Mr. R.C. Nayyar - Chairman & Independent Director IAS (Retired) Mr. Rajinder Mittal - Managing Director • An Indian Administrative Services graduate from 1982 batch and • Commerce graduate and an alumnus of Birla Public retired as Additional Chief Secretary, Government of Punjab.
Slide 7: Our Evolution Since Inception
Our Evolution Since Inception 1976-1980 2006-2010 • 1976- Started with a Solvent Extracted Plant and extracting Oil from Rice Bran. • 2007- Diversified in distillery business. • 1977- Commenced Oil Production • 2010- Installed a new Green Field, Grain-Based Distillery-Ethanol Industry Unit of 100 •
Slide 8: Awards & Accolades
Awards & Accolades • Hind Gaurav Award 1994 - All India Achievers Conference, New Delhi • State Export Award 1993-1994 - Department of Industries, Punjab • Great Achiever of Industrial Excellent Award-2006 - Council for Economic Growth & Research, New Delhi • B.K. Goenka SEA Award 2006-10 - 4 Consec
Slide 9: Key Strengths
Key Strengths Four plus decades of The only company End-to-end Technologically Expansion plans Equity Value / rich experience, in India and the manufacturing advanced machines have enabled Balance Sheet size Vertically integrated South Asian region facility from bringing growth and company to is les
Slide 10: Business Overview
BUSINESS OVERVIEW
Slide 11: Distillery
Distillery • BCL is one of the largest grain-based manufacturers of ENA and Ethanol in India. • The manufacturing facility of the company is a world class integrated distillation plant with a total capacity of 200 KLPD in Bathinda, Punjab and 200 KLPD in Kharagpur, West Bengal. • It has a technologi
Slide 12: Present Total Capacity – 400 KLPD
Manufacturing Process of Distillery Complex Co-generation Plant Process House Distillation Plant Bottling Plant Present Total Capacity – 400 KLPD Production Data 1,02,634 1,00,336 99,217 92,056 81,583 36,935 27,291 28,647 30,987 25,950 8,714 24,332 40,346 41,697 39,282 65,699 1,526 46,919 39,077 21,
Slide 13: Expansion Plans
Expansion Plans West Bengal Expansion: To capitalize on the ENA supply demand deficit scenario of North-Eastern India, BCL joined hands with the regional player M/s. Svarna Infrastructure to set up a 200 KLPD state-of-the-art ENA plant at Kharagpur, West Bengal under its subsidiary M/s. Svaksha Dist
Slide 14: Growth Drivers
Growth Drivers • BCL has a significant opportunity and advantage to bag additional tenders and further consolidate its position in the Ethanol/ENA Industry through its Kharagpur plant, which has commenced operations in Ethanol Capacity Q1FY23 and Bathinda plant expansion will be done by Q4-FY23. Req
Slide 15: Edible Oil and Vanaspati
Edible Oil and Vanaspati • The company is engaged in the manufacturing of Vanaspati, Refined Oils, Expelling of Oils from Seeds, De-oiled cakes and Basmati & Para-boiled Rice. • The company has one of the largest integrated oil complex in North India in Bathinda. The oil complex consists of Oil Crus
Slide 16: Flagship Brands
Flagship Brands Revenue Break-Up H1-FY23 • BCL’s edible oils are sold under various brands namely Homecook, Do Khajoor and Contract Murli offering soybean oil, sunflower oil, cottonseed oil, vanaspati ghee, mustard oil and Brand rice bran oil. (Markfed Punjab) • The company also does contract manufa
Slide 17: Edible Oil Manufacturing Facilities
Edible Oil Manufacturing Facilities Edible Oil Refinery Chemical refining is done to manufacture refined edible oil, goes through the process of Degumming and neutralisation, Capacity: 200 MT/Day Bleaching and Deodorisation. Utilization: 75% Refined oils are hydrogenated with the help of hydrogen ga
Slide 18: Edible Oil Manufacturing Facilities
Edible Oil Manufacturing Facilities Solvent Extraction Solvent extraction is achieved through the grinding of the seed or cake, purged or washed with petroleum distillate, which Capacity: 300 MT/Day then releases the oil from the seeds. In our unit, we generally extract rice bran oil. DOC is a by-pr
Slide 19: Real Estate
Real Estate • Foraying into the business of real estate was part of risk mitigation strategy and broaden the company’s offerings so as to lessen the vagaries and challenges of the other industries the company is engaged in. • The company has two existing completed projects with a very large realizab
Slide 20: Industry Overview
INDUSTRY OVERVIEW
Slide 21: Indian Distillery Industry
Indian Distillery Industry ADDRESSING AN UNPRECEDENTED OPPORTUNITY ENA • India is the world’s third largest liquor market with an overall retail market size of $35 billion per annum. • The Indian alcohol market is expected to reach 16.8 Billion litres of consumption by the year 2022. • Alcohol consu
Slide 22: Indian Edible Oil Industry
Indian Edible Oil Industry Edible Oil Consumption in India Edible oil is sold in India either in consumer packs (5 lt. and less than 5 lt. pack sizes), bulk packs 25 22 (15 kg/ lt.) or as loose oil in tankers 21 or barrels. 19 Due to change in consumer preferences, the packaged oil segment has risen
Slide 23: Financial Overview
FINANCIAL OVERVIEW
Slide 24: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY20 FY21 FY22 H1FY23 Total Income* 9,255 14,592 20,012 8,333 Total Expenses 8,623 13,626 18,555 7,931 EBITDA 632 966 1,457 402 EBITDA Margins (%) 6.83% 6.62% 7.28% 4.83% Depreciation 135 128 147 107 Finance Cost 148 259 177 73 PBT 349 57
Slide 25: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 H1FY23 Particulars (INR Mn) FY21 FY22 H1FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,285 1,296 3,110 Share Capital 242 242 242 Capital Work in progress 287 1,663 1,109 Other Equity 2,60
Slide 26: Consolidated Financial Highlights
Consolidated Financial Highlights Total Income * (INR Mn) EBITDA (In INR Mn) & EBITDA Margins (%) Net Profit (In INR Mn) & PAT Margins (%) 20,012 14,592 7.28% 4.24% 6.83% 6.62% 2.79% 2.89% 9,255 8,333 4.83% 2.03% 632 966 1,457 402 259 422 848 169 FY20 FY21 FY22 H1-FY23 FY20 FY21 FY22 H1-FY23 FY20 FY
Slide 27: Capital Market Data
Capital Market Data Stock Performance (Upto 30th September 2022) 140% 120% 100% 80% 60% 40% 20% 0% -20% Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Sensex BCL Price Data (As on 30th September, 2022) Shareholding Pattern (As on 30th September, 2022) Face Value
Slide 28: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d