Indag Rubber Limited · BSE:INDAG
Indag Rubber — Q2 FY23 Earnings Presentation
29 slides from Indag Rubber's earnings presentation, November 2022
Slide 1: Investor Presentation – Q2 & H1 FY23
Investor Presentation – Q2 & H1 FY23 November 2022
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Indag Rubber Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 3: Q2 & H1 FY23 Financial Highlights
Q2 & H1 FY23 FINANCIAL HIGHLIGHTS
Slide 4: CEO's Message
CEO’s Message Commenting on the result: We are pleased to report robust growth of 41% YoY in Total Income at Rs 65 crores, indicating a strong quarter with significant improvement in profitability. EBITDA and PAT have grown by 61% and 86% to Rs. 3.3 crores and Rs. 1.7 crores, respectively. The Compa
Slide 5: Standalone Financials – Q2 & H1 FY23
Standalone Financials – Q2 & H1 FY23 Total Revenue* EBITDA* Profit After Tax +41% +61% +86% 65.3 3.3 1.7 57.6 3.0 +11% 1.5 +14% +15% 46.2 2.1 0.9 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 EBITDA Margin* PAT Margin 60 bps 60 bps 5.2% 5.1% 2.6% 2.6% 4.5% 2.0% Q2FY22 Q1FY23 Q2FY23
Slide 6: Standalone Financials – Q2 & H1 FY23
Standalone Financials – Q2 & H1 FY23 Total Revenue* EBITDA* Profit After Tax +264% +2582% +58% 122.9 6.3 3.2 77.9 1.7 0.1 H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 EBITDA Margin* PAT Margin 290 bps 240 bps 5.1% 2.6% 2.2% 0.2% H1FY22 H1FY23 H1FY22 H1FY23 (Rs. In Crs.) *Includes Other Income, On Stand
Slide 7: Standalone Financials – Q2 & H1 FY23
Standalone Financials – Q2 & H1 FY23 Particulars (Rs. In Crs) Q2 FY23 Q2 FY22 Y-o-Y Q1 FY23 Q-o-Q H1 FY23 H1 FY22 Y-o-Y Revenue from Operations 63.3 45.5 39% 56.1 13% 119.4 76.8 55% Other Income 2.1 0.7 1.5 3.5 1.1 Total Revenue (incl Other Income) 65.3 46.2 41% 57.6 14% 122.9 77.9 58% Total Raw Mat
Slide 8: Standalone Balance Sheet
Standalone Balance Sheet Liabilities (Rs. In Crs.) Sep-22 Mar-22 Assets (Rs. In Crs.) Sep-22 Mar-22 Non Current assets Equity Property, Plant and Equipments 23.7 23.3 Share Capital 5.3 5.3 Capital Work-In-Progress 1.6 1.0 Other Equity 199.2 201.3 Investment Property 21.1 21.6 Other Intangible Assets
Slide 9: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (Rs. In Crs.) Sep-22 Sep-21 Net Profit Before Tax 4.2 0.1 Adjustments for: Non Cash / Other Items -1.2 0.6 Operating profit before working capital changes 3.0 0.7 Changes in working capital -7.1 3.5 Cash generated from operations -4.1 4.2 Direct taxes paid
Slide 10: About the Company
THE ONLY ALTERNATIVE TO NEW TYRES 8 ABOUT THE COMPANY INDAG SINCE 1978
Slide 11: About the Company
About the Company VISION & MISSION To be No.1 company in every market served, by offering best- in- class tyre Retreading products and services through largest network of trained Channel partners committed to offer most reliable, economical and sustainable tyre solutions for commercial transport ind
Slide 12: Our Journey
£9, =| Our Journey NEW TYRE SINCE 1978 Included as one of the best “Under 1B" company by Forbes Asia INDAG Ruseenin ent tr JV was terminated with Banda Khernea Group took aver 38.3% share Set up plant at Nalagarh Caimeeegy (timachal Pradesh) pended caperta rem between Khemka Group & M/s 13,800 MT to
Slide 13: Focused Management
Focused Management Mr. Nand Khemka Mr. Vijay Shrinivas Mr. Uday Khemka Mr. Shiv Khemka Chairman & Managing Director CEO & Whole Time Director Director Director • M.S. in Foreign Trade & MBA in • With the company since 2018. He • Son of Mr. Nand Khemka having more • Vice-Chairman of SUN Group, Produc
Slide 14: Focused Management
Focused Management Ms. Bindu Saxena Mr. P R Khanna Mr. Harjiv Singh Non-Executive Director Non-Executive Director Non-Executive Director (Independent) (Independent) (Independent) Mr. Raj Kumar Agrawal Mr. Anil Bhardwaj Mrs. Manali D Bijlani Non-Executive Director G.M.(Accounts) & CFO Company Secreta
Slide 15: State of the Art Manufacturing Facility
State of the Art Manufacturing Facility State of the art manufacturing unit Located at Nalagarh Industrial Estate in Himachal Pradesh - Advanced Technology in terms of machinery and equipment - Indag Training centre to impart high quality of training 15
Slide 16: Our Presence
‘THE ONLY ALTERNATIVE TO NEW TYRES | | Our Presence INDA SINCE 1978 PAN India Presence since 1978 18+ Depots 200+ Dealers 1,200+ Retreaders 15,00,000+ Tyres Retreaded every year PAN India Depot Locations 50+ Team on-ground Dedicated Sales, Service & Fleet Engagement Team 16
Slide 17: Our Products
Our Products PRECURED TREAD UN-VULCANIZED UNIVERSAL SPRAY TYRE RETREADING RUBBER RUBBER STRIP GUM CEMENT ENVELOPES • Capacity of 20,000 MT p.a. • Capacity of 1,800MT p.a. • Capacity of 1,800 KL p.a. with • Heat resistive compound • Lowest cost per cure envelopes • Servicing different vehicle • Stron
Slide 18: Ensuring Quality & Reliability to Fleet Operators
Ensuring Quality & Reliability to Fleet Operators INDAG CONSULTANCY SERVICES It cannot be emphasized more that retreading is a highly technical process and requires the best quality retreading materials and an impeccable retreading process. Untrained and ill equipped small and fragmented retreaders
Slide 19: Voice of the Customers
‘THE ONLY ALTERNATIVE TO NEW TYRES | Voice of the Customers MIN DAG SINCE 1978 RRLLoaISTICS BHAGWATI AIR EXPRESS PVT. LTD. Jaipur Rajasthan New Qotht —- — INDAG ZZYL TREAD PATTERN TO INDAG ZZYL TREAD PATTERN RUNS RUN 1.4 LAKH KMs 1.6 LAKH KMs We are a prominent flest wih 80 vehicles prmarily running
Slide 20: About the Retreading Industry
ABOUT THE RETREADING INDUSTRY
Slide 21: What is Retreading?
What is Retreading? INDAG PIONEERED COLD RETREADING IN INDIA RETREADING SAVES MONEY RETREAD SAVES ENVIRONMENT Retreading is a green and sustainable alternative to new tyres. It is a technical process of high precision and craftsmanship used to rejuvenate an old worn-out tyre into a renewed one. Retr
Slide 22: Why Retreading?
Why Retreading? One third of the price of a new tyre with life nearly the same Saves Money as New tyre 1 Durable Safety Appropriate tread can last nearly the same as a new tyre 6 2 Tested to same stringent performance criteria as a new tyre Benefits of Retreading Low Cost Production Environment Frie
Slide 23: Opportunities – Future of Retreading
Opportunities – Future of Retreading Improved Road Infrastructure GST & Favorable Regulatory guidelines • More distance travelled in lesser time • Fewer stopovers at check posts due to E-waybills • Higher tonnage vehicles with more tyres • Less overloading due to increasing regulations • Less Downti
Slide 24: Historical Financials
® HISTORICAL INDAG FINANCIALS SINCE 1978
Slide 25: Standalone Financials
Standalone Financials Particulars (Rs. In Crs.) FY22 FY21 FY20 Revenue from Operations 166.9 169.8 186.8 Other Income 6.4 4.0 4.6 Total Revenue (incl Other Income) 173.3 173.9 191.4 Total Raw Material 120.2 107.6 121.1 Gross Profit 53.2 66.3 70.3 Gross Profit (%) 30.7% 38.1% 36.7% Employee Expenses
Slide 26: Standalone Balance Sheet
Standalone Balance Sheet Liabilities (Rs. In Crs.) Mar-22 Mar-21 Mar-20 Assets (Rs. In Crs.) Mar-22 Mar-21 Mar-20 Non Current assets Equity Property, Plant and Equipments 23.3 25.0 25.2 Share Capital 5.3 5.3 5.3 Capital Work-In-Progress 1.0 19.3 10.1 Other Equity 201.3 191.9 181.3 Investment Propert
Slide 27: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (Rs. In Crs.) Mar-22 Mar-21 Mar-20 Net Profit Before Tax 2.9 3.5 16.7 Adjustments for: Non Cash / Other Items 0.7 13.1 -0.2 Operating profit before working capital changes 3.6 16.6 16.6 Changes in working capital 6.0 7.8 -3.6 Cash generated from operations 9
Slide 28: Consistent Dividend Pay-out
Consistent Dividend Pay-out Dividend 324% 15% 17% 19% 19% 20% 29% 40% 59% 47% 247% Pay-Out 12.6 12.2 10.7 9.5 8.4 8.0 6.0 5.1 4.1 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.0 1.6 1.2 1.0 0.7 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 EPS DPS The Board of Directors have approved Interim Dividend o
Slide 29: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Indag Rubber Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L74899DL1978PLC009038 CIN: U74140MH2010PTC204285 Mr. Anil Bhardwaj, G.M.(Accounts) & CFO Mr. Deven Dhruva / Ms. Hinal Kothari anil@indagrubber.com deven.dhruva@sg