Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Q3 FY23 Earnings Presentation
32 slides from Kajaria Ceramics's earnings presentation, Jan 28, 2023
Slide 1: Outcome of the Board Meeting – Letter to Exchanges
January 28, 2023 BSE Limited The National Stock Exchange of India Limited P.J. Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai - 400 001 Bandra (E) Mumbai - 400 051 Dear Sir/Madam, Re.: Outcome of the Board Meeting and announcements pursuant to the SEBI (Listing Obligations and Disclo
Slide 2: Letter to Exchanges (continued)
Details regarding above referred sale of equity shares of Vennar pursuant to Regulation 30 of the Listing Regulations are given in Annexure-B. We also enclose Investors’ Release dated January 28, 2023, specifying the summary of financial performance and other developments for the quarter/nine months
Slide 3: Annexure-A: Acquisition of Kajaria Vitrified shares
Annexure-A Details of acquisition of equity shares of Kajaria Vitrified Private Limited Sr. No. Particulars Details 1. Name of the target entity, details in brief such Kajaria Vitrified Private Limited (‘KVPL’) as size, turnover etc. Turnover (As on 31.03.2022): Rs. 233.09 crores Profit After Tax (A
Slide 4: Annexure-B: Sale of Vennar Ceramics shares
Annexure-B Details of disposal/sale of equity shares of Vennar Ceramics Limited, held by the Company Sr. Particulars Details No. 1. The amount and percentage of the Turnover: Rs. 66.66 crores (1.80% of consolidated turnover or revenue or income and net turnover of the Company) worth contributed by s
Slide 5: Independent Auditor's Review Report – Standalone
Walker Chandiok &..Co LLP Walker Chandlok & Co LLP L 41, Connaught Circus, Outer Circle, New Deihl -110 001 India T +91 11 4500 2219 F +91 11 4278 7071 Independent Auditor's Review Report on Unaudited Standalone Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regu
Slide 6: Independent Auditor's Review Report – Standalone (cont'd)
Walker Chandiok &.Co LLP Independent Auditor's Review Report on Unaudited Standalone Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd.) 4. Based on ou
Slide 7: Statement of Unaudited Standalone Financial Results
Kajaria STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2022 (' in crores, except per share data) Quarter ended Nine Months ended Year ended PARTICULARS 31 December 2022 30 September 2022 31 December 2021 31 December 2022 31 December 2021 31 Marc
Slide 8: Notes to Standalone Financial Results
Kajaria Notes: 1 The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 28 January 2023 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have been pr
Slide 9: Independent Auditor's Review Report – Consolidated
Walker Chandiok ~Co LLP Walker Chandlok & Co LLP L 41, Connaught Circus, Outer Circle, New Delhi - 110 001 India T +91 11 4500 2219 F +91 11 4278 7071 Independent Auditor's Review Report on Unaudited Consolidated Quarterly Financial Results and Year to Date Results of the Company pursuant to the Reg
Slide 10: Independent Auditor's Review Report – Consolidated (cont'd)
Walker Chandiok &_Co LLP Independent Auditor's Review Report on Unaudited Consolidated Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amen ded) (cont'd. ) 4. Based o
Slide 11: List of Entities Included in the Statement
Walker Chandiok &..Co LLP Independent Auditor's Review Report on Unaudited Consolidated Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amend ed) (cont'd.) Annexure 1
Slide 12: Statement of Unaudited Consolidated Financial Results
Kajaria STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2022 (f in crores, exceot oer share data Quarter ended Nine Months ended Year ended PARTICULARS 31 December 2022 30 September 2022 31 December 2021 31 December 2022 31 December 2021 31 Mar
Slide 13: Consolidated Segment-wise Revenue, Results, Assets and Liabilities
Kajaria Ul'i~UDIIED CONSOLIDATED SEGMENT WISE REVENUE.RESULTS. ASSETS AND LIABILJIIES FOR THE QUARTER ANO NINE MONTHS ENDED 31 DECEMBER 2022 ('< in crores,except persharedata) Quarter ended Nine months ended Year ended PARTICULARS 31 December 2022 30 September 2022 31 December 2021 31 December 2022
Slide 14: Notes to Consolidated Financial Results
Kajaria Notes: 1 The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 28 January 2023 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have been
Slide 15: Extract of Unaudited Consolidated Financial Results
Kajaria EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2022 (f in crores, except per share data) Quarter ended Nine months ended Quarter ended Sr Particulars 31 December 2022 31 December 2022 31 December 2021 No (Unaudited) (Unaudited) (Unaudite
Slide 16: Investor Update – Q3 FY23
Investor Update – Q3 FY23 January 28, 2023 1/17
Slide 17: Content
Content Chairman’s Message Financial Performance – Q3 FY23 Subsidiaries Income Statement Shareholding Pattern 2/17 Investor Update Q3 FY23
Slide 18: Chairman's Message
Chairman’s Message This quarter has been challenging in terms of performance. The overall volumes were impacted by the prolonged monsoon season and the festive period in the month of October 2022. However, there has been some recovery in demand during November and December, indicating a positive tre
Slide 19: Tile Volume Data (consolidated)
Tile VolumeData (consolidated) Production Growth (MSM) - Q3 FY23 Production Growth (MSM) - 9M FY23 20.50 59.20 20 60 18.59 5.01 50.14 13.99 50 4.42 15 11.56 40 10 30 15.49 45.21 14.17 20 38.58 5 10 0 0 9M FY22 9M FY23 Q3 FY22 Q3 FY23 Own Manufacturing Subsidiaries Own Manufacturing Subsidiaries Sale
Slide 20: Revenue Growth - consolidated
Revenue Growth - consolidated Rs. / Crores 3177.11 26.25 58.52 1091.13 1068.23 225.29 8.95 - 18.78 24.93 2603.44 79.48 - 81.66 - 46.82 - 193.08 741.49 260.76 271.38 Adheshives 596.29 Adheshives 431.43 Plywood Plywood Sanitary ware / Faucets 163.95 138.07 Sanitary ware / Faucets 365.56 Outsourcing (T
Slide 21: Profitability - Consolidated
Profitability - Consolidated PBT Rs. / Crores 125 PAT 200 122.02 160.18 160 100 120 99.71 80 74.32 75 40 0 50 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 400 373.80 300 281.22 350 325.65 275 300 250 236.48 225 250 200 200 175 150 150 100 125 50 100 9M FY22 9M FY23 9M FY22 9M FY23 6/17 Investor Update Q3 FY23 Re
Slide 22: EBITDA / EBITDA Margin (consolidated) – quarterly progression
EBITDA / EBITDA Margin (consolidated) – quarterly progression 200 20% 17.21% 150 15% 15.06% 15.23% Rs./ Crores 12.01% 12.20% 183.84 10% 165.94 100 153.59 129.41 133.07 5% 50 0% Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 EBITDA (Rs. / Crores) EBITDA Margin (%) 7/17 Investor Update Q3 FY23
Slide 23: Key Ratios (consolidated)
Key Ratios(consolidated)………… Net Debt (Rs. Crore) * Net Debt Equity(X) * 0.20 200 0.10 100 0 0.00 Mar-20 Mar-21 Mar-22 Dec-22 Mar-20 Mar-21 Mar-22 Dec-22 -100 -0.08 -107 -188 -0.06 -0.10 -200 -300 -0.20 -0.18 -0.17 -349 -400 -373 -500 * Net of cash and cash equivalents 8/17 Investor Update Q3 FY23
Slide 24: Key Ratios (consolidated)
Key Ratios(consolidated) 700 Working Capital (Rs. Crore) Return on Equity (Avg.) 600 625 565 582 558 542 500 513 513 502 466 432 400 397 373 328 298 300 298 284 239 200 207 100 30 0 Mar-20 Mar-21 Mar-22 Jun-22 Sep-22 Dec-22 20 18.89 Debtors Inventory Creditors 17.19 15.53 14.22 120 Working Capital (
Slide 25: Subsidiaries
Subsidiaries A. KAJARIA VITRIFIED (Formerly known as Jaxx Vitrified Pvt. Ltd.) Kajaria Vitrified Pvt. Ltd. is based in Morbi (Gujarat). Kajaria has 87.37% stake in the same. The company has annual capacity of 8.90 MSM of polished vitrified tiles. The Company has operated at 95% capacity during Q3 FY
Slide 26: Subsidiaries
Subsidiaries D. SOUTH ASIAN CERAMICS TILES PVT. LTD. Kajaria Ceramics has 51% stake in South Asian Ceramics Tiles Pvt. Ltd., Telangana. The Annual production capacity of South Asian Ceramics is 4.75 MSM ceramic floor tiles. The Company has operated at 75% capacity during Q3 FY23. E. KAJARIA BATHWARE
Slide 27: Subsidiaries
Subsidiaries G. KAJARIA INTERNATIONAL DMCC (wholly owned subsidiary) During Q2 FY23, the company had subscribed 100% equity shares (50 shares of AED 1000 each) of Kajaria International DMCC, Dubai for AED 50000 (Rs. 10,87,500). During Q3 FY23, the company has further subscribed 950 shares (of AED 10
Slide 28: Geographical Spread of the Production Capacity
Geographical Spread of the Production Capacity ASSET OVERVIEW Total Tile Capacity 84.45 MSM 38.50 MSM (Gailpur, Rajasthan) 6.50 MSM (Malootana, Rajasthan) 8.40 MSM (Sikandrabad, U P) 5.70 MSM Kajaria Infinity, Production Capacity (MSM) (formerly known as Cosa Plant Ceramic Polished Glazed Ceramics P
Slide 29: Expansions on card
Expansions on card….. A. Kajaria Bathware (Rajasthan) In our faucet plant at Gailpur, we are adding new capacity of 6 lakh pieces per annum, which will take the total the capacity to 16 lakh pieces per annum. Estimated cost for this expansion is Rs. 5 crore approx. This expansion is expected to be c
Slide 30: Income Statement – Financial highlights
Income Statement Financial highlights (Rs / Crores) Q3 FY23 Q3 FY22 Growth 9M FY23 9M FY22 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 986.47 1091.13 950.49 1068.23 4% 2% 2880.05 3177
Slide 31: Shareholding Pattern
Shareholding Pattern As on 31th Dec. 2022 Equity Shares Outstanding – 159.23 millions 12.21% NRI's Public / Others 0.38% Promoters 47.49% 39.92% FIs /FPIS / Mutual Funds 16/17 Investor Update Q3 FY23
Slide 32: About Us
About Us Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India and the 8th* largest in the world. It has present annual capacity of 84.45 mn. sq. meters presently, distributed across eight plants - one at Sikandrabad in Uttar Pradesh, one at Gailpur, one at Malootana in Ra