Apcotex Industries Ltd · NSE:APCOTEXIND
Apcotex Industries — Q2 FY2024 Earnings Presentation
13 slides from Apcotex Industries's earnings presentation, Oct 27, 2023
Slide 1: Earnings Presentation filing cover letter to NSE and BSE
27th October 2023 To, To, The Manager - Listing Department, Manager-Department of Corporate Services The National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, 5th floor, Jeejeebhoy Towers, Plot no. C/1, “G” Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai-400051 S
Slide 2: Earnings Presentation Q2/H1-FY24
Earnings Presentation Q2/H1-FY24
Slide 3: Executive Summary
2 Executive Summary OVERVIEW ▶ Apcotex Industries Ltd (Apcotex) is a leading producer of Synthetic Rubber (Nitrile Rubber, High Styrene Rubber, Nitrile Polyblends and Nitrile Powder) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics and Nitrile Latex) in India. ▶ The company has one of the
Slide 4: Company Overview
3 Company Overview Operational Revenue (INR Mn) and EBITDA Margin (%) ▶ The company’s Taloja plant was established in 1980 as a division of Asian 12000 Paints (India) Ltd. In 1991, the division was spun off as a separate company, 10,799 24.0% 9,569 22.0% which was headed by Mr. Atul Choksey, former
Slide 5: Financial Highlights
4 Financial Highlights Q2-FY24 Financial Highlights H1-FY24 Operational Highlights INR 2,792 Mn INR 316 Mn INR 5,570 Mn INR 571 Mn Operational Revenue EBITDA Operational Revenue EBITDA (1.4)% YoY (30.1)% YoY (5.5)% YoY (39.1)% YoY 11.32% INR 153 Mn 10.25% INR 274 Mn EBITDA Margin Net Profit EBITDA M
Slide 6: Q2/H1-FY24 Operational Highlights
5 Q2/H1-FY24 Operational Highlights Q2-FY24 • Highest Quarterly volume growth of 35% YoY • Highest Quarterly export volume growth of 114% YoY • Revenue growth was flat even though volumes increased, due to sharp fall in the raw material prices and thus lower realisations of finished goods • EBITDA:
Slide 7: Quarterly Financial Performance
6 Quarterly Financial Performance Particulars (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Operational Revenue 2,792 2,832 (1.4)% 2,777 0.5% Total Expenses 2,476 2,380 4.0% 2,522 -1.8% EBITDA 316 452 (30.1)% 255 23.9% EBITDA Margins 11.32% 15.96% (464) Bps 9.18% 214 Bps Depreciation 78 38 NA 74 5.4%
Slide 8: YTD Financial Performance
7 YTD Financial Performance Particulars (INR Mn) H1-FY24 H1-FY23 Y-o-Y Operational Revenue 5,570 5,897 (5.5)% Total Expenses 4,999 4,960 0.8% EBITDA 571 937 (39.1)% EBITDA Margins 10.25% 15.89% (564) Bps Depreciation 152 74 NA Finance Cost 79 33 NA Other Income 37 42 (11.9)% PBT 377 872 (56.8)% Tax
Slide 9: Historical Income Statement
8 Historical Income Statement Particulars (INR Mn) FY21 FY22 FY23 H1-FY24 Operational Revenue 5,406 9,569 10,799 5,570 Total Expenses 4,708 8,171 9,214 4,999 EBITDA 698 1,398 1,585 571 EBITDA Margins 12.91% 14.61% 14.68% 10.25% Depreciation 145 141 152 152 Finance Cost 38 32 51 79 Other Income 52 79
Slide 10: Balance Sheet
9 Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 Shareholders Fund 3,962 4,760 4,959 Total Non Current Assets 3,014 4,809 4,940 Equity Share Capital 104 104 104 Property, Plant and 1,560 3,834 3,886 Other Equity 3,858 4,656 4,855 Equipment Capital Work in
Slide 11: Historical Performance Indicators
10 Historical Performance Indicators EBITDA (INR Mn) EBITDA Margin (%) PAT (INR Mn) and PAT Margin (%) Operational Revenue (INR Mn) 10,799 1,585 1,079 9,569 1,398 988 5,406 5,570 698 571 442 10.3% 14.6% 14.7% 10.0% 12.9% 8.2% 274 10.25% 4.92% FY21 FY22 FY23 H1-FY 24 FY21 FY22 FY23 H1-FY24 FY21 FY22
Slide 12: Disclaimer
11 Disclaimer Apcotex Industries Ltd Disclaimer: This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apcotex Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitatio
Slide 13: Thank You
Thank You