Dmcc Speciality Chemicals Limited · NSE:DMCC
Dmcc Speciality Chemicals — The Dharamsi Morarji Chemical Company — Q4 FY2022 Earnings Presentation
37 slides from Dmcc Speciality Chemicals's earnings presentation, May 25, 2022
Slide 1: Exchange filing cover letter for investor presentation
May 25, 2022 The National Stock Exchange of India Ltd. BSE Limited Listing Department Department of Corporate Services Exchange Plaza, Floor 25, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai - 400 051 Mumbai – 400 001 Company Symbol: DHARAMSI Scrip Code : 50640
Slide 2: Investors Presentation (May 2022)
I N V E S T O R S P R E S E N TAT I O N BSE - DHARAMSI /506405 NSE - DHARAMSI ( M AY 2 0 2 2 ) BLOOMBERG - DMCC:IN The Dharamsi MORARJI CHEMICAL CO. LIMITED 100+ YE ARS OF E XPERTISE IN SULPHUR CHEMISTRY
Slide 3: Safe Harbour
Safe Harbour This investor presentation has been prepared by The Dharamsi Morarji Chemicals Company Limited (“DMCC”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof )
Slide 4: Inside this Presentation
Inside this Presentation Q4FY22 HIGHLIGHTS 04 ABOUT THE COMPANY 11 SUSTAINABILIT Y 26 INVESTMENT MERITS 29 FINANCIAL HIGHLIGHTS 32
Slide 5: Q4 & FY22 Highlights
Q4 & FY22 HIGHLIGHTS SUMMARY OF PROFIT AND LOSS STATEMENT 05 SUMMARY OF BAL ANCE SHEET 07 SUMMARY OF CASH FLOW STATEMENT 08 MANAGEMENT COMMENTARY 09 UPDATES ON CAPE X 10 THE DHARAMSI MORARJI CHEMICAL CO. LIMITED
Slide 6: Financial Statement Summary (Q4)
Q4 & FY22 HI GHLI GHTS Financial Statement Summary CONSOLIDATED REVENUE ₹ IN C RO RE (CONSOLIDATED P&L STATEMENT) ₹ IN C R OR E 101.6 59% Y-O-Y PARTICULAR Q4 FY21 Q3 FY22 Q4 FY22 Q-o-Q Y-o-Y Robust growth in topline driven by higher realization and volumes Revenue from Operations 63.89 81.48 101.64
Slide 7: Financial Statement Summary (FY22)
Q4 & FY22 HI GHLI GHTS Financial Statement Summary CONSOLIDATED REVENUE ₹ IN C RO RE (CONSOLIDATED P&L STATEMENT) ₹ IN C R OR E 326.3 63% Y-O-Y PARTICULAR FY21 FY22 Y-o-Y Robust growth in topline driven by higher realization and volumes Revenue from Operations 200.15 326.30 63.03% Total Income 207.9
Slide 8: Financial Statement Summary: Balance Sheet
Q4 & FY22 HI GHLI GHTS Financial Statement Summary BORROWINGS ₹ IN C RO RE (CONSOLIDATED BAL ANCE SHEET) ₹ IN C R OR E 78 PARTICULAR AS ON AS ON Increase in LT & ST borrowings to fund the 31ST MARCH 2021 31ST MARCH 2022 ongoing capex and working capital requirements Shareholders Fund 173.19 193.62 N
Slide 9: Financial Statement Summary: Cash Flow
Q4 & FY22 HI GHLI GHTS Financial Statement Summary (CONSOLIDATED CASH FLOW STATEMENT) ₹ IN C R OR E PARTICULAR AS ON AS ON 31ST MARCH 2021 31ST MARCH 2022 Cash Flow from Operating Activities 32.25 50.66 Cash Flow from Investing Activities (39.66) (98.41) Cash Flow from Financing Activities 3.02 46.1
Slide 10: Management Remarks
Q4 & FY22 HI GHLI GHTS Management Remarks Q4FY22 EXPORT REVENUES IN % • Considering the MAT credit and one- 24% time profit from the sale of the Khemli unit in 2021, we have been able to maintain the same level of profitability as Q4FY22 DOMESTIC REVENUES the previous year despite far more IN % adve
Slide 11: Update on Capex
Update on Capex DEBOTTLENECKING MULTIPURPOSE PLANTS BULK CHEMICALS SPECIALTY CHEMICALS INTERMEDIATES PLANT AT ROHA AT DAHEJ AT DAHEJ AT DAHEJ AT DAHEJ The company has invested The company has invested ~₹ 10 The company will be investing The company will invest ₹ 20 The company will invest ₹ 20 ~₹ 10
Slide 12: About the Company
About the COMPANY AT A GL ANCE 12 COMPANY JOURNEY 13 MANAGEMENT TEAM 14 BOARD OF DIRECTORS 16 PRODUCT PORTFOLIO 18 CLIENTELE 19 GLOBAL FOOTPRINT 20 MANUFACTURING INFRASTRUCTURE 21 FOCUS ON R&D 23 AWARDS AND ACCOL ADES 25 THE DHARAMSI MORARJI CHEMICAL CO. LIMITED
Slide 13: Company at a Glance
ABOUT THE COMPANY Company at a Glance 02 27+ Incorporated in 1919, DMCC was the first producer of Sulphuric Acid & Phosphate Fertilizers in the country. Predominantly known for Single MANUFACTURING COUNTRIES Superphosphate (fertilizer) for almost entirety of its UNITS EXPORTED TO life, DMCC currentl
Slide 14: Evolution of DMCC
ABOUT THE COMPANY Evolution of DMCC 01 02 03 Focus on Restructuring and Transition Focus on Fertilizer Business Timeframe 2007-2011 Specialty Chemicals • Incorporated in the year 1919, commenced • In 2009 the company decided to exit the • With a strong focus on research and operations as a manufactu
Slide 15: Management Team (1/2)
ABOUT THE COMPANY Management Team (1/2) Mr. Bimal L Goculdas Mr. Dilip T. Gokhale Mr. Ashok R. Nagarch Mr. Shirish Pandit MANAGING DIRECTOR AND EXECUTIVE DIRECTOR TECHNICAL ADVISOR TO SR. VICE PRESIDENT – CHIEF EXECUTIVE OFFICER MD & CEO PROJECTS Mr. Bimal Goculdas heads the Mr. Dilip T. Gokhale is
Slide 16: Management Team (2/2)
ABOUT THE COMPANY Management Team (2/2) Mr. Jitesh Doshi HEADS THE BULK CHEMICALS DIVISION Mr. Srinivas Rao HEADS THE SPECIALITY CHEMICALS DIVISON Mr. S. N. Jadhav Mr. Kuldeep Kumar Tiwari Mr. Chirag Jaswant Shah Mr. Omkar Mhamunkar VICE PRESIDENT – WORKS MANAGER CHIEF FINANCE OFFICER COMPANY SECRET
Slide 17: Board of Directors (1/2)
ABOUT THE COMPANY Board of Directors (1/2) Mr. Laxmikumar N. Ms. Mitika L. Goculdas Mrs. Dr. Janaki Patwardhan Mr. Mukul M. Taly Goculdas VICE CHAIRPERSON NON-EXECUTIVE, NON-EXECUTIVE, CHAIRMAN INDEPENDENT INDEPENDENT Mr. Laxmikumar Narottam Goculdas, Ms. Mitika Laxmikumar Goculdas, is an Dr. Janaki
Slide 18: Board of Directors (2/2)
ABOUT THE COMPANY Board of Directors (2/2) Mr. Madhu T. Ankleshwaria Mr. Sanjeev V. Joshi Mr. Dilip T. Gokhale Mr. Bimal Goculdas NON-EXECUTIVE, NON-EXECUTIVE, EXECUTIVE DIRECTOR MANAGING DIRECTOR AND INDEPENDENT INDEPENDENT CHIEF EXECUTIVE OFFICER Mr. Madhu Thakorlal Ankleshwaria is a Mr. Sanjeev V
Slide 19: Product Portfolio
ABOUT THE COMPANY Product Portfolio BULK SPECIALIT Y PRODUCT FROM CHEMICALS CHEMICALS BORON CHEMISTRY ABOUT The company is one of the oldest The sulfonating agents manufactured by Boron Chemistr y is handled by Borax manufacturers of Sulphuric acid in the the company are reacted with organic Morarji
Slide 20: Our Clientele
ABOUT THE COMPANY Our Clientele THE DHARAMSI MORARJI CHEMICAL CO. LIMITED 19
Slide 21: Global Footprint
ABOUT THE COMPANY Global Footprint NETHERLANDS CANADA UNITED KINGDOM DENMARK GERMANY BELGIUM FRANCE SWITZERLAND USA JAPAN SPAIN ITALY SOUTH KOREA TURKEY CHINA JORDON MEXICO UAE SAUDI ARABIA TAIWAN TOTAL REVENUE DERIVED GUATEMALA FROM EXPORTS MALAYSIA SINGAPORE 27.0% INDONESIA PERU BRAZIL North Ameri
Slide 22: Manufacturing Facility - Roha Site
ABOUT THE COMPANY Manufacturing Facility - Roha Site SITUATED ON A 88,355 sq. mt. plot SETUP IN ROHA MAHARASHTRA 1978 PRODUCT CATEGORY: IN-HOUSE R&D CENTER AT SITE Sulphur Chemistry R&D CENTER EQUIPPED WITH 10 DEDICATED AS WELL AS 3 MULTI-PURPOSE PLANTS TEAM STRENGTH 10+3 266 CAPACITY TO PRODUCE SUL
Slide 23: Manufacturing Facility - Dahej Site
ABOUT THE COMPANY Manufacturing Facility - Dahej Site SETUP IN SITUATED ON A DAHEJ GUJURAT 2013 1,03,327 sq. mt. plot With unutilized land available for further development TEAM STRENGTH PRODUCT CATEGORY: 125 Boron and Sulphur Chemistry ACQUIRED THROUGH AMALGAMATION OF EQUIPPED WITH 08 DEDICATED AS
Slide 24: Focus on R&D (1/2)
ABOUT THE COMPANY Focus on R&D (1/2) R&D E XPENDITURE IN HOUSE ENGINEERING SERVICES TEAM R&D team is strongly supported by in house engineering services team to ensure timely implementation of new products on commercial scale. 25TEAM SIZE RECOGNISED BY 1.35 1.61 2.25 1.91 1.94 Department of Scientif
Slide 25: Focus on R&D (2/2)
ABOUT THE COMPANY Focus on R&D (2/2) THE DHARAMSI MORARJI CHEMICAL CO. LIMITED 24
Slide 26: Awards and Recognition
ABOUT THE COMPANY Awards and Recognition RESPONSIBLE CARE CERTIFICATE OF MERIT CHEMEXCIL CERTIFICATE OF CERTIFICATION FROM NATIONAL SAFETY AWARD MERIT FOR WATER COUNCIL RESOURCE MANAGEMENT ICC Membership No: ICC-WR/RM/D-06 RC Logo No: 040 THE DHARAMSI MORARJI CHEMICAL CO. LTD With permission to use
Slide 27: Sustainability
Sustainability SUSTAINABILIT Y INITIATIVES 27 THE DHARAMSI MORARJI CHEMICAL CO. LIMITED
Slide 28: Sustainability Approach
SUSTAI NABI LI TY Sustainability Approach The company takes pride in maintaining a healthy relationship with the environment. It extends its responsibility to society with an increasing focus on sustainable Sustainable Sustainable Sustainable development. The company Sites Suppliers Product Portfoli
Slide 29: Sustainability Approach
SUSTAI NABI LI TY Sustainability Approach G re e n c ov e r at ou r fac tory Z e ro L iqu id Disc h arge S olar Pan e ls at Ro h a N e w w aste h e at r e co v e ry syst e m THE DHARAMSI MORARJI CHEMICAL CO. LIMITED 28
Slide 30: Investment Merits
Investment MERITS COMPETITIVE ADVANTAGES 30 GROWTH DRIVERS 31 THE DHARAMSI MORARJI CHEMICAL CO. LIMITED
Slide 31: Competitive Advantages
I NVESTMENT MERI TS Competitive Advantages FOCUS ON SPECIALTY CHEMICALS STRATEGIC LOCATIONS BACKWARD INTEGRATED HIGH LEAD TIME MANUFACTURING OPERATIONS The company through its strong research and The company has its manufacturing facilities Because of the technical and complex nature development dep
Slide 32: Growth Drivers
I NVESTMENT MERI TS Growth Drivers 01 02 03 04 STRATEGIC PORTFOLIO ONGOING CAPEX TO FIX UNDERPERFORMING FOCUS ON INNOVATION ENHANCEMENT ENHANCE GROWTH BUSINESS & ENVIRONMENT The company has Ongoing CAPEX to The company is on track Research on the streamlined its focus enhance growth in to turnaround
Slide 33: Financial Highlights
Financial HIGHLIGHTS SUMMARY OF PROFIT AND LOSS STATEMENT 33 SUMMARY OF BAL ANCE SHEET 34 SUMMARY OF CASH FLOW STATEMENT 35 THE DHARAMSI MORARJI CHEMICAL CO. LIMITED
Slide 34: Financial Statement Summary (P&L)
FI NANCI AL HI GHLI GHTS Financial Statement Summary (CONSOLIDATED P&L STATEMENT) ₹ IN C R OR E PARTICULAR FY18 FY19 FY20 FY21 FY22 Revenue from Operations 180.76 227.57 187.66 200.15 326.30 Total Income 181.65 228.57 193.90 207.93 332.36 Total operating expense 158.75 175.07 159.85 164.66 286.27 EB
Slide 35: Financial Statement Summary (Balance Sheet)
FI NANCI AL HI GHLI GHTS Financial Statement Summary (CONSOLIDATED BAL ANCE SHEET) ₹ IN C R OR E PARTICULAR FY18 FY19 FY20 FY21 FY22 Shareholders Fund 72.77 115.78 144.88 173.19 193.62 Non-Current Liabilities 23.85 19.53 20.22 21.85 58.26 Current Liabilities 57.79 52.96 46.78 68.67 131.81 Total 154.
Slide 36: Financial Statement Summary (Cash Flow)
FI NANCI AL HI GHLI GHTS Financial Statement Summary (CONSOLIDATED CASH FLOW STATEMENT) ₹ IN C R OR E PARTICULAR FY18 FY19 FY20 FY21 FY22 Cash flow from operating Activities 18.36 20.85 27 32.25 50.66 Cash flow from Investing Activities (9.17) (12.69) (16.84) (39.66) (98.41) Cash flow from Financing
Slide 37: Get in Touch
Get in Touch Mr. Omkar Mhamunkar Mr. Abhishek Mehra C O M PA N Y S E C R E TA R Y A N D I N V E S TO R R E L AT I O N S A D V I S O R COMPLIANCE OFFICER The Dharamsi Morarji Chemical TIL Advisors Co. Limited abhishek@theinvestmentlab.in omhamunkar@dmcc.com THE DHARAMSI MORARJI CHEMICAL CO. LIMITED 3
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