Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Investor Presentation (March 2025)
45 slides from Kiri Industries's investor presentation, Mar 19, 2025
Slide 1: Exchange submission letter for Investor Presentation March 2025
March 19, 2025 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir/Madam, Sub: Submission of Investor Presentation-Mar
Slide 2: Investor Presentation March 2025
INVESTOR PRESENTATION March 2025
Slide 3: Executive Summary
Executive Summary PRODUCTS Dyes Intermediates Dyes Basic Chemicals H-acid Reactive dyes Sulphuric Acid Vinyl Sulphone Acid Dyes Oleum 65% and 23% Specialty Intermediates Direct Dyes Chloro Sulphonic Acid Naphthalene and Aniline based intermediates Disperse Dyes Thionyl Chloride INDUSTRIES CATERED OV
Slide 4: Company Overview
Kiri Industries Limited Fienre fill of Colowrs COMPANY OVERVIEW
Slide 5: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 2,917 2,020 2,115 1,492 9,013 4,893 5,337 4,945 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY22 FY23 FY24 9M-FY25 the largest manufacturers and exporters of a wide range of Dyes, Dyes
Slide 6: Board Of Directors
Board Of Directors Yagnesh Mankad (Whole Time Director): • He is a B.E. (Mechanical Engineering) & MBA graduate • He has 43 years’ experience and exposure in the field of Engineering, Plastics, Textiles and Chemical industries across the corporates. • He has also vast working experience in operation
Slide 7: Key Milestones
Key Milestones 1998 2004 2006 2008 2010 2013 2015 2018 2020 2024 Incorporation Two-Star Export Commercial Entered into a Acquisition DyStar Filed minority Achieved Kiri Industries SICC ordered of Kiri Dyes House production of JV Agreement of assets of became oppression suit highest PAT became a En B
Slide 8: Manufacturing Facilities
Manufacturing Facilities Unit I, Unit II & IV Location: Ahmedabad, India. Capacity Installed: • Reactive Dyes : 36,000 MTPA Products manufactured: • Disperse Dyes: 8,000 MTPA • S. O. Dyes • Disperse Dyes Unit V Location: Vadodara, India. Capacity Installed: • Basic Chemicals : 500 TPD (182,500 MTPA)
Slide 9: Manufacturing Process
Manufacturing Process Caustic Key Inputs Ice Napthalene Sulphur Sodium Nitrate Soda Ash Water Aniline Soda Chlorine Sulphur & Bulk Chloro Para Nitro Sulphuric Oleum 65% Sodium Bi Thionyl Chemicals Beta-Nepthol Sulphonic Acetanilide MPD Aniline Acid Oleum 23% Sulphate Chloride Division Acid Vinyl Sul
Slide 10: Geographical Presence
Geographical Presence AHMEDABAD THE NETHERLANDS VADODARA Canada UK CZECH REPUBLIC BELGIUM SPAIN HUNGARY ITALY UZBEKISTAN KOREA USA PORTUGAL GREECE TURKEY CHINA PAKISTAN LEBANON TUNISIA NEPAL ISRAEL BANGLADESH TAIWAN INDIA EGYPT UAE HONG KONG EL SALVADOR THAILAND HONDURAS PHILIPPINES MALAYSIA COLOMBI
Slide 11: Awards and Accolades
Awards and Accolades Award for Direct Platinum Award for Trishul Award for Chemexcil First Award for First Award for Outstanding Export of Self Small Scale Sector Small Scale Sector Gold Award Direct Export of Self Direct Export of Self Entrepreneur Award Manufactured Dyes 2002-03 2005 2006-07 Manuf
Slide 12: Key Strengths
Key Strengths • High entry barriers due to a stringent process of acquiring new permissions. • Heavy capital expenditure. Entry Barrier • Strict implementation of environmental and pollution norms. • The Company established a track Competitive record of long-term relationship with Position key globa
Slide 13: Business Overview
Kiri Industries Limited Fienre fill of Colowrs BUSINESS OVERVIEW
Slide 14: Business and Product Mix
Business and Product Mix Standalone Revenue Breakup (9M-FY25) Thionyl Chloride Chloro Other Basic Chemicals Sulphonic Speciality 5% Acid Intermediates Oleum 65% Vinyl & 23% Sulphone Basic Dyes Dyes Chemicals Intermediates 42% 5% 53% Dye Intermediates Sulphuric 53% H-Acid Acid Dyes 42% Reactive Dispe
Slide 15: Value Chain – Dye Stuff Manufacturing
Value Chain – Dye Stuff Manufacturing Raw Materials for Dyes Aniline Naphthalene In-house Acids and Usage of Intermediates such as VS, H- B-Napthol MPD, etc. effluents & by-products Acid, Gamma Acid, K-Acid MUA, etc. Result of Zero Waste Dyes Inputs Intermediates Manufacturing process Dyestuffs Black
Slide 16: Benefits of Zero Waste
Benefits of Zero Waste Operating Efficiency • The Company’s focus on becoming a Entry Superior Zero Waste company has ensured Barrier Return Ratios that Spent Acids are a source of revenue (converted into commercially viable products) and not a source of expense (frees the hassles of management and di
Slide 17: Dyestuff – An Overview
Dyestuff – An Overview Dyestuff are organic and inorganic substances which can absorb light as well as reflect some light to show colour. The dyestuff is also a water soluble substance. Criteria for a Suitable Dyestuff • Economical / Competitive • Better brightness • Non-toxic • Better fastness • Co
Slide 18: Dyestuff Manufacturing Process
Dyestuff Manufacturing Process Diazotization of Amine + HCl + Sodium Nitrite + Water + Ice Dissolving of Coupling Coupling of Component Diazo with Blending and (Coupling Coupling Clarification Standardization Spray Drying fine Packing Component + Components + standardization Water + Ice + NaHCO3 Cau
Slide 19: Reactive Dyes
Reactive Dyes • Reactive Dyes are the most versatile and popular class of Organic Dyes for importing colour on cellulosic fibres. • These are water soluble dyes which react to fibre, forming a direct chemical linkage with the application materials, which is not easily broken and offers good wash fas
Slide 20: Disperse Dyes
Disperse Dyes • Disperse dyes are synthetic organic dyes and is a kind of organic Fastness to wet treatment Fastness to dry heat substance which is free of ionizing group. They are less soluble in water and are used for dyeing synthetic textile materials. In terms of providing satisfactory Sublimati
Slide 21: Other Dyes
Other Dyes ACID DYES • Acid dyes are the dyes which can be applied directly to the application materials from an aqueous solution (without mordant). • The Company has been working on developing Acid dyes since a decade. It has been manufacturing this range of dyes for a long time. • Colours Availabl
Slide 22: Dyes Intermediates
Dyes Intermediates Total Revenue (INR Mn) & Gross Margins • Dyes intermediates are the main raw materials used for manufacturing dyestuffs. (Standalone) • The manufacturing chains of dyes and dyes intermediates can be traced back to petroleum-based products. 7,131 • Naphtha and natural gases are use
Slide 23: Dyes Intermediates – H-Acid
Dyes Intermediates – H-Acid H-ACID • H-acid is one of the leading dyes intermediates in the world, used in the manufacture of black dyes. • H-acid (8-amino- 1-hydroxynaphthalene-3,6-disulfonic acid), an important dye intermediate, is produced from Naphthalene by a combination of the unit processes o
Slide 24: Dyes Intermediates – Vinyl Sulphone
Dyes Intermediates – Vinyl Sulphone VINYL SULPHONE • Vinyl Sulphone is an industrial chemical used as a key raw material for manufacturing reactive dyes, having application mainly in textiles. It is manufactured from aniline. • It has applications in the manufacturing of Reactive dyes. • The Company
Slide 25: Basic Chemicals
Basic Chemicals • As part of strategic backward integration, the Company has set up a Basic Chemical facility to Total Revenue (INR Mn) & Gross Margins manufacture: (Standalone) • Sulphuric Acid • Chloro Sulphonic Acid 36% • Oleum • Thionyl Chloride 34% • All these products are made in one integrate
Slide 26: Future Outlook
Future Outlook • The company plans to set up an integrated • Continue to improve product margins to copper and fertilizer project in two phases. achieve profit incremental growth Phase I involves an investment of • Prioritise enforcement of Judgment approximately Rs. 2450 crores to produce 2 through
Slide 27: DyStar
Kiri Industries Limited Fienre fill of Colowrs DYSTAR
Slide 28: About DyStar
About DyStar • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemicals, and services to customers across the globe. • With a heritage of more than a century in product development and innovation for the text
Slide 29: History
History 1995 2002 2007 2012 2016 DyStar was founded in 1995 as a FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: JOINT Color Texanlab Sustainable Emerald joint venture between Hoechst AG VENTURE OF: Solutions Textile Performance and Bayer Textile Dyes. In 2000, the Bayer AG and Interna
Slide 30: Updates on Court Case in Singapore
UPDATES ON COURT CASE IN SINGAPORE We have secured a monumental legal victory in a case that has spanned a decade, opening new avenues for growth and stability. On January 31, 2025, the Court of Appeal (Singapore Supreme Court) issued a judgment on the appeal filed by Kiri and Senda International Ca
Slide 31: Industry Overview
Kiri Industries Limited Fienre fill of Colowrs INDUSTRY OVERVIEW
Slide 32: The Colourant Industry
The Colourant Industry • Global colorants market is forecasted to reach USD 89.54 Billion with a CAGR of around 5.76% during 2023 – 2030. The market is driven by the rising inclination of consumers towards innovative and appealing shades of packaged products and items. Moreover, the increasing need
Slide 33: Dyestuff Industry
Dyestuff Industry Dyestuff Industry: The dyes and dyestuff industries play a major role in the growth of the chemical industry. Dyes intermediates are products that are transformed to finished dyes and pigments. The dye intermediates serve various industries like plastics, paint, textiles, printing
Slide 34: India’s Competitive Advantage
India’s Competitive Advantage China Factors Advantage India 2014-present China Factors: (Industry is shifting to other Asian In China, apart from the ETP countries; India is well placed to hurdle, there is: grab the opportunity) 1. Reduction in the refund of VAT from 17% to about 13% on DI Intervent
Slide 35: Strategic Overview
Kiri Industries Limited Fienre fill of Colowrs STRATEGIC OVERVIEW
Slide 36: The Way Forward
The Way Forward Set up Focus on manufacturing Prioritise facilities of Focus on establishing Focus enforcement of Specialty & setting up Inorganic and joint ventures on Free Commodity Focus on Judgment manufacturing organic with Cash Flow chemicals/ strengthening through and facility to growth leadi
Slide 37: Financial Overview
Kiri Industries Limited Fienre fill of Colowrs FINANCIAL OVERVIEW
Slide 38: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY22 FY23 FY24 9M-FY25 Revenue from Operations 11,368 6,015 6,334 4,694 Total Expenses 11,054 7,106 6,967 5,215 EBITDA 314 (1,091) (633) (521) EBITDA Margins (%) 2.76% NA NA NA Other Income 18 234 366 1,003 Depreciation 436 441 442 333 Fina
Slide 39: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet PARTICULARS (INR Mn) FY23 FY24 H1-FY25 PARTICULARS (INR Mn) FY23 FY24 H1-FY25 Equity 4,913 3,971 3,743 Non Current Assets 7,726 7,391 7,242 Equity Share Capital 518 518 518 a) Property, Plant and Equipment 4,736 4,369 4,198 Other Equity 4,395 3,453 3,225 b) Right
Slide 40: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY22 FY23 FY24 9M-FY25 Revenue from Operations 11,911 6,679 7,086 5,350 Total Expenses 11,574 7,743 7,681 5,838 EBITDA 337 (1,064) (595) (488) EBITDA Margins (%) 2.83% NA NA NA Other Income 19 234 366 1,087 Depreciation 450 455 456 333 Fi
Slide 41: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR Mn) FY23 FY24 H1-FY25 PARTICULARS (INR Mn) FY23 FY24 H1-FY25 Equity 26,513 27,837 29,394 Non Current Assets 29,389 31,286 33,114 Equity Share Capital 518 518 518 a) Property, Plant and Equipment 4,737 4,369 4,198 Other Equity 25,995 27,319 28,87
Slide 42: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn)* &EBITDA Margins (%)* PAT (INR Mn)* & PAT Margins (%)* 11,911 337 2.83% 6,679 7,086 5,350 FY22 FY23 FY24 9M-FY25 -0.71% -8.40% -9.12% FY22 FY23 FY24 9M-FY25 -595 -488 -85 -8.34% -15.93% -12.88% -446 -1,064 -913 -19.93% FY
Slide 43: Capital Market Data
Capital Market Data Share Price up to 31st December, 2024 100% 50% 0% -50% Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Kiri Sensex Price Data (As on 31st December 2024) INR Shareholding Pattern (As on 31st December, 2024) Face Value 10.00 Market Price 618.65 P
Slide 44: Disclaimer
Disclaimer Kiri Industries Limited Disclaimer: The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that all
Slide 45: Thank You
Kiri Industries Limited Fienre fill of Colowrs THANK YOU