Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — Investor Presentation (May 2019)
29 slides from Shree Pushkar Chemicals & Fertilisers's investor presentation, May 2019
Slide 1: Shree Pushkar Chemicals & Fertilisers Limited Investor Presentation
Shree Pushkar Chemicals & Fertilisers Limited Investor Presentation May 2019 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shree Pushkar Chemicals & Fertilisers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or s
Slide 3: FY19 Financial Highlights
FY19 Financial Highlights 3
Slide 4: Record Annual Performance
Record Annual Performance Revenue Adj. EBITDA* PAT Highest Highest Highest Ever Ever Ever Rs. 451.9 Rs. 69.3 Crores Rs. 40.8 Crores Crores Margin 15.3% Margin 9.0% The Board have recommended a Final Dividend of Rs. 1.5 per share (i.e. 15% of Face Value of the share) As per Ind AS On Consolidated Bas
Slide 5: Key Business Update
Key Business Update Commenced Sulphuric Acid plant of 100 TPD in Revamping of the Manufacturing facilities at Unit - Rationale Kisan Phosphates Pvt. Ltd. 1 situated within MIDC Lote ▪ Unit-1 started its manufacturing activities way back in ▪ To meet captive requirement of Acid & Power Plant of 700 K
Slide 6: Planned Expansion through Internal Accrual
Planned Expansion through Internal Accrual The planned capex of ~Rs. 75 crores in the dye intermediaries’ segment is in advanced stage of obtaining EIA/ MPCB clearance. The said expansion is expected to commence production in FY21 In process of acquiring Madhya Rs 108 cr Bharat Phosphates Pvt. Ltd,
Slide 7: FY19 Performance Highlights
FY19 Performance Highlights Total Revenue from operations Adjusted EBITDA PAT (Rs in Crores) 395.3 451.9 69.3 40.8 25.1 51.7 61.2 8.6 36.5 4.3 4.0 3.3 370.2 400.2 57.2 60.7 36.5 33.2 FY18 FY19 FY18 FY19* FY18 FY19 Kisan Phosphates Standalone • Rising contribution from Dyestuff • Improved Product Mix
Slide 8: FY19 Segmental Highlights
FY19 Segmental Highlights • Sustained contribution from Dyestuff segment to our revenues which has been on the uptrend. We believe, the realization of Dyestuff to improve as the increase in prices of dye intermediates gets passed on to the dyestuff Revenue Break up FY19 • Acid Complex Division conti
Slide 9: Improvement in Working Capital
Improvement in Working Capital Receivables Days Inventory Days 110 79 79 75 FY18 FY19 FY18 FY19 Payable Days Working Capital Days 68 122 54 100 FY18 FY19 FY18 FY19 9
Slide 10: Consistent Growth in Business
Consistent Growth in Business (Rs in Crores) 14.0% 11.9% 13.9% 17.5% 15.4% 15.3% +19% +17% 451.9 69.3 395.3 61.1 54.0 308.1 266.5 251.2 34.9 210.1 29.4 31.8 FY14 FY15 FY16 FY17 FY18 FY19 FY14 FY15 FY16 FY17 FY18 FY19* Total Revenue from operations EBITDA 11.8% 10.6% 12.4% 15.8% 13.9% 13.2% 4.9% 7.0%
Slide 11: Segmental Revenue Breakup
Segmental Revenue Breakup (Rs in Crores) 109.1 101.2 226.8 201.2 196.4 200.3 165.4 171.4 40.2 FY17 FY18 FY19 FY14 FY15 FY16 FY17 FY18 FY19 Dyestuff Dye Intermediates 90.9 16.3 70.1 57.6 10.3 10.2 48.2 48.7 7.7 8.7 8.9 31.0 FY14 FY15 FY16 FY17 FY18 FY19 FY14 FY15 FY16 FY17 FY18 FY19 Acid Complex Fert
Slide 12: Key Financial Parameters
Key Financial Parameters (Rs in Crores) Net Debt ROE % 21.1% 16.3% 15.7% 15.4% 13.7% 14.4% 58 45 22 7 -8 -24 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18# Mar-19# Mar-14 Mar-15 Mar-16^ Mar-17^ Mar-18#^ Mar-19#^ Net Debt to Equity ROCE % 24.9% 23.5% 19.6% 18.3% 17.2% 18.0% 0.9 0.2 0.2 0.0 -0.1 0.0 Mar-14 Mar-1
Slide 13: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. In Crores) Q4 FY19 Q4 FY18 Y-o-Y FY19 FY18 Y-o-Y Revenue from Operations (Net of Excise) 117.6 120.1 -2.1% 451.9 395.3 14.3% Raw Material 84.2 88.0 302.6 272.1 Employee Cost 6.7 5.7 30.1 18.7 Other Expenses 13.9 14.1 49.8 43.3 Adj. EBITDA* 12.8 12.3 3.7% 6
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY AND LIABILITIES (Rs. In Crores) Mar-19 Mar-18 ASSETS (Rs. In crores) Mar-19 Mar-18 Equity Non-current assets Equity Share capital 30.7 30.2 Property, plant and equipment 167.3 161.4 Other equity 253.7 206.9 Capital work-in-progress 10.5 3.4 Sub-total - Shareholders'
Slide 15: Standalone P&L Statement
Standalone P&L Statement Particulars (Rs. In Crores) Q4 FY19 Q4 FY18 Y-o-Y FY19 FY18 Y-o-Y Revenue from Operations (Net of Excise) 102.2 101.9 0.3% 400.2 370.2 8.1% Raw Material 75.8 75.8 273.8 258.3 Employee Cost 5.9 4.6 26.7 17.0 Other Expenses 10.1 11.8 38.9 37.7 Adj. EBITDA* 10.5 9.7 8.1% 60.7 5
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet EQUITY AND LIABILITIES (Rs. In Crores) Mar-19 Mar-18 ASSETS (Rs. In crores) Mar-19 Mar-18 Equity Non-current assets Equity Share capital 30.7 30.2 Property, plant and equipment 137.9 141.8 Other equity 245.9 203.5 Capital work-in-progress 10.5 0.3 Sub-total - Shareholders' f
Slide 17: Business Overview
Business Overview 17
Slide 18: A Winning Formula…
A Winning Formula… Ramping up of higher margin Dyestuff Segment Products spread across 5 segments Brand DyecolTM for Dyestuff Segment Undertaken Backward & Forward Integration Single location plant at Lote Parshuram Exports to world’s leading dye manufacturers Marketing through +300 dealers for Fert
Slide 19: Evolution of Our Business
Evolution of Our Business 1993 – 2004- 2011 – 2017 & Beyond 2003 2010 2016 • Commenced trading/imports •Rapidly expanded Dyestuff Segment • Recycling of effluents from Dye • In 2011, began use of Spent acid of chemical products & dye by adding doubled capacity Intermediates Division with the for man
Slide 20: Our Product Portfolio
Our Product Portfolio Our Products Constantly on the improvement Single Super Phosphate (SSP) Gamma Acid, K- Acid, R- based on market response with Soil Conditioner, Mixed granulated Sulphuric Acid, Oleum and Di- Calcium Phosphate Salt, Vinyl Sulphone, Meta over 30 different shades in fertiliser (NP
Slide 21: A One Stop Solution
A One Stop Solution All our Plants are at a single location, Lote Parshuram, Maharashtra… Unit 1 – Dye Intermediates Unit 2 – SSP Granulation Plant Unit 3 - New Reactive Dyes Plant Unit 4 - SOP Sulphuric Acid Plant New Application Lab for Testing of Dyes … leading to operational and logistics effici
Slide 22: Persistent Focus on the High Margin Dyestuff Segment
Persistent Focus on the High Margin Dyestuff Segment FY17 Revenue : FY19 Revenue : Rs 310.2 Crores Rs 400.2 Crores Others Others Dyes 5.0% Fertiliser 4.0% 12.9% Dyes Fertiliser 12.0% 18.5% 27.3% 63.4% 56.7% Dye Intermediates Dye Intermediates Increase in contribution of Dyestuff Segment *Above figur
Slide 23: An Overview of Dye Intermediates Business
An Overview of Dye Intermediates Business ❑ One of the few manufactures of wide range of dye intermediates Revenue in Rs. Crores in India with zero waste +10% ❑ Post 2006, we have been enjoying best cost efficiency due to 227 201 196 200 recycling of effluents 165 170 ❑ State of art integrated manuf
Slide 24: Our Fertilisers Division
Our Fertilisers Division Nitrogen Sulphate of Granular Single Soil Conditioner Phosphorus Potash (SOP) Calcium Chloride Superphosphate (SSP) Potassium (NPK) • The main raw materials • NPK fertilizer is primarily • Soil conditioner is a product • SOP is a preferred form of • To utilize HCL for SSP ar
Slide 25: Zero Waste Methodology – Creating Value
Zero Waste Methodology – Creating Value Gamma Acid B –Napthol K - Acid Meta Ureido Aniline R Salt Vinyl Sulphone Effluents Di Calcium Phosphate Sulpho VS H - Acid Effluents Effluents Chloro Sulphonic Acid Soil Conditioner Final Products SSP 25
Slide 26: Our Strengths
Our Strengths Fast Paced Growth in our Dyestuff Zero Waste Chemical Company Segment We do not incur large costs on effluent treatment Substantial increment in the contribution from Dyestuff due to our zero waste model Segment to our Revenue on a quarter on quarter basis Cost Efficiencies Low Financi
Slide 27: Growth Drivers for the Future
Growth Drivers for the Future Environmentally Conscious • A clean track record with no regulatory issues • Continue to recycle our effluents in our integrated model and minimize discharge • We are already BlueSign certified company and our manufacturing bases are as per Plans For Expansion internati
Slide 28: Key Management
Key Management Punit Makharia Chairman & Managing Director A first generation entrepreneur, he holds a Bachelors in Commerce with a rich business experience of over 2 decades in dealing with chemical and dyes intermediates Gautam Makharia Dilip Shah R Purohit S N Sengupta Ratan Jha Associate Directo
Slide 29: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Shree Pushkar Chemicals & Fertilisers Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L24100MH1993PLC071376 CIN: U74140MH2010PTC204285 Mr. S N Sengupta, Associate Director Ms. Neha Shroff / Mr. Shrikant Sangani sengupta@shr
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