Bsl Ltd · NSE:BSL
Bsl — Q4 & FY23 Earnings Presentation
32 slides from Bsl's earnings presentation, May 8, 2023
Slide 1: BSL Ltd. exchange filing letter
BSL Ltd. REGO. OFFICE : 26, Industrial Area, Gandhi Nagar, BHILWARA-311 001 (Rajasthan) INDIA www.bslltd.com Tel. : (91 1482) 245000 E-mail : account@bslsuitings.com, Website : www.bslltd.com www.bslltd.com C.I.N. : L24302RJ1970PLC002266 REF: BSL/CS/2023-24/ Dated: 08 th May, 2023 National Stock Exc
Slide 2: Q4 & FY23 Investor Presentation
Q4 & FY23 Investor Presentation BSL 514045
Slide 3: Safe Harbor
SAFE HARBOR This presentation has been prepared by BSL Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situation, or informational need of any particular person. This presentation may not be copied, distributed, or disseminated, directly o
Slide 4: Table of Content
TABLE OF CONTENT Q4 & FY23 FINANCIAL PERFORMANCE 01 DRIVERS OF GROWTH 02 COMPANY PROFILE 03 ESG INITIATIVES 04 MANAGEMENT TEAM 05 ANNEXURE 06 03 Investor Presentation || Table Of Content Q4 & FY23
Slide 5: Q4 & FY23 Financial Performance
Q4 & FY23 FINANCIAL PERFORMANCE
Slide 6: Chairman Message
CHAIRMAN MESSAGE Commenting on the results, Mr. Arun Churiwal, Chairman of BSL Limited said, “BSL Limited has shown remarkable resilience in FY23, despite the unfavourable conditions experienced by India's textile sector. The company's unwavering commitment to excellence has yielded outstanding resu
Slide 7: Managing Director Message
MANAGING DIRECTOR MESSAGE Commenting on the results, Mr. Nivedan Churiwal, Managing Director of BSL Limited said, “In FY23, we faced significant challenges such as historically high input costs and a slowdown in key global markets. However, we are pleased to announce that our businesses demonstrated
Slide 8: Financial Performance: FY23
FINANCIAL PERFORMANCE: FY23 Revenue Gross Profit & GP Margin % ₹ in Cr 472 8.2% 11.3% 250 224 436 51.4% 52.9% FY22 FY23 FY22 FY23 EBITDA & EBITDA Margin % PAT & PAT Margin % 33.8% 53 47.3% 17 40 11 11.3% 3.6% 9.2% 2.6% FY22 FY23 FY22 FY23 08 Investor Presentation || Financial Performance Q4 & FY23
Slide 9: Financial Performance: Q4FY23
FINANCIAL PERFORMANCE: Q4FY23 Revenue Gross Profit & Gross Profit Margin % ₹ in Cr 121 119 108 65 59 60 60.5% 48.8% 50.9% Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 EBITDA & EBITDA Margin % PAT & PAT Margin % 14.9 15.0 5.3 9.9 3.8 13.8% 12.6% 2.5 4.9% 8.2% 3.2% 2.0% Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23
Slide 10: Key Highlights
KEY HIGHLIGHTS ❑ The company has successfully initiated its Cotton Spinning Project, equipped with a capacity of 29,184 spindles that are estimated to produce around 700 tons per month. ❑ This development is expected to generate a significant additional revenue of ₹250 Cr. in the current financial y
Slide 11: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE ₹ in Cr Revenue Gross profit & GP Margin% 472 437 436 250 390 224 210 199 321 166 47.9% 51.0% 51.6% 51.4% 52.9% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA & EBITDA Margin% PAT & PAT Margin% 53 40 35 3.6% 31 30 2.6% 11.3% 0.4% 0.4% 9.4% 9.2% 0.2% 7.9% 7.
Slide 12: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE ROCE RONW Fixed Asset Coverage Ratio In times 10.9% 16.3% 9.7% 12.9% 7.6% 7.4% 7.3% 3.1 2.3 1.8 1.4 1.3 2.2% 1.7% 1.1% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Net Working Capital ₹ in Cr Net Debt ₹ in Cr Net Debt to Equity 45.7 3.3
Slide 13: Drivers of Growth
B DRIVERS OF GROWTH
Slide 14: Drivers of Growth
DRIVERS OF GROWTH 1. Robust Demand 2. Support Govt. policy 3. China +1 strategy 4. Investments Plan 5. Aggressive Marketing ▪ In 2021, the Indian textile & ▪ India is working on getting a Free ▪ China Plus One sentiment ▪ BSL has recently commenced ▪ BSL Limited’s marketing strategy is apparel indus
Slide 15: Company Profile
B COMPANY PROFILE
Slide 16: About BSL
ABOUT BSL Manufacturer of an extremely diverse range of textile products ranging from synthetic, worsted, and now cotton yarn to synthetic & worsted suiting's and a variety of furnishing fabrics. Formed in 1971 and growing from strength to strength. South Asia’s leading supplier of furnishing fabric
Slide 17: Company Profile: milestones and capacity
COMPANY PROFILE MILESTONE CAPACITY ▪ The company took decisive step to venture into furnishing Mid 2000’s Production fabrics and over the last decade or more, this has been the Particulars Capacity biggest growth engine for success story for the company. 178 Fabrics Looms ▪ The Company was the first
Slide 18: Business Verticals – Suitings
BUSINESS VERTICALS – SUITINGS BSL PROVIDES FINEST PREMIUM SUITING FABRICS FOR BOTH DOMESTIC & EXPORT MARKETS PV FABRICS PW FABRICS TR FABRICS 17 Investor Presentation || Company Profile Q4 & FY23
Slide 19: Business Verticals - Furnishings
BUSINESS VERTICALS - FURNISHINGS The New Benchmark From Soft Furnishing Fabrics To Upholstery Fabrics & Exquisite Silk Fabrics Offers A Wide Range Of Premium Furnishing CURTAIN FABRICS FURNITURE FABRICS SILK FABRICS 18 Investor Presentation || Company Profile Q4 & FY23
Slide 20: Business Verticals - Yarns
BUSINESS VERTICALS - YARNS THE YARNS DEFINE FABRICS POLY VISCOSE VORTEX YARN YARN POLY WOOL COTTON YARN YARN The highest quality fabrics begin with yarn that comes from a state-of-the-art manufacturing facility. Made of different materials, color patterns, gauges, and weights, our yarns are a testam
Slide 21: Strong Parentage
STRONG PARENTAGE ELECTRODES POWER CONSULTANCY ▪ Indo Canadian Consultancy Services Limited ▪ HEG Limited POWER TEXTILES ▪ Balephi Jal-Vidyut Co. P. Limited - Nepal ▪ BSL Limited ▪ NJC Hydro Power Limited ▪ Maral Overseas Limited ▪ AD Hydro Power Limited ▪ RSWM Limited ▪ Bhilwara Energy Limited ▪ Bhi
Slide 22: ESG Initiatives
B ESG INITIATIVES
Slide 23: Environment
ENVIRONMENT M.E.E. – Multiple Effect Evaporator and R.O. Plant Agro-Fuel – From July’22 onwards, in line with Global Sustainability Initiatives, the fuel system for both Boiler & Thermopack is being changed to Agro-Fuel instead of Fossil Fuels. Z.L.D. – Zero Liquid Discharge and E.T.P. – Effluent Tr
Slide 24: Social
SOCIAL Corporate social responsibility is also called corporate conscience, corporate citizenship, social performance, or sustainable business. It is a form of corporate self regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business
Slide 25: Governance
GOVERNANCE Internal Control Systems • The Company has adequate Internal Control Systems, commensurate with the size, scale and complexity of its operations. • The Audit committee quarterly reviews the Executive summary on the internal audit findings along with the recommendations and management comm
Slide 26: Management Team
B MANAGEMENT TEAM
Slide 27: Management Team
MANAGEMENT TEAM Shri Arun Churiwal Shri Nivedan Churiwal Shri Praveen Jain Chairman Managing Director Director Operations B.A. (Hons), 50 years of experience B.Com, 23 years of experience F.C.A., F.C.S., F.C.M.A., 33 years of experience 26 Investor Presentation || Management Team Q4 & FY23
Slide 28: Board Members
BOARD MEMBERS Shri Arun Churiwal Shri Praveen Jain B.A. (Hons), 50 years of experience F.C.A., F.C.S., F.C.M.A., 33 years of experience Shri Nivedan Churiwal Shri J. C. Laddha B.Com, 23 years of experience F.C.A. (Hons), 45 years of experience Shri Ravi Jhunjhunwala OUR Mrs. Abhilasha Mimani M.B.A.,
Slide 29: Achievements
ACHIEVEMENTS Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2018 - 19 Golden Trophy Best Overall Export Performance - Export of Natural Silk Goods 2017 - 18 Silver Trophy Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2017 - 18 Golden Trophy Be
Slide 30: Thank You!
Thank You! GET IN TOUCH WITH US BSL Limited Investor Relation Consultancy Shri Nivedan Churiwal Shri Praveen Jain Rik Consultancy and Advisory Services LLP Managing Director Director Operations Mr. Ritesh S Singh E: nivedan@bslltd.com E: praveenjain@bslsuitings.com M: +91 8329 385762 || E: ritesh.si
Slide 31: Annexure: Profit & Loss Statement
ANNEXURE Profit & Loss Statement ₹ in Cr Period Q4FY23 Q3FY23 Q4FY22 FY23 FY22 Total Income 119.0 108.0 121.8 472.7 437.3 (Incl. other income) Raw Material Cost 66.3 58.1 66.9 254.0 225.0 Employee Cost 18.3 19.2 17.4 75.5 68.5 Power Cost 9.5 11.4 12.4 46.2 45.5 Other Expenses 17.6 19.8 19.5 74.4 70.
Slide 32: Annexure: Balance Sheet Highlights
ANNEXURE Balance Sheet Highlights ₹ in Cr Assets 31.03.23 31.03.22 Liabilities 31.03.23 31.03.22 Non-current Assets 232.5 94.6 Shareholders' Fund 104.1 89.3 Fixed Assets 226.1 74.3 Share Capital 10.3 10.3 Investments 2.8 0.0 Reserve & Surplus 93.8 79.0 Other Non-current Assets 3.6 20.3 Non-current L