Bhageria Industries Ltd. · NSE:BHAGERIA
Bhageria Industries — Q4 FY21 Earnings Presentation
20 slides from Bhageria Industries's earnings presentation, May 20, 2021
Slide 1: Covering letter to stock exchanges
BHAGERIA INDUSTRIES LIMITED Tel. : 91-22-4043 6666 REGO. OFF.: OFFICE NO. 1002, 10TH FLOOR, TOPIWALACENTRE, OFFS. V. ROAD , Email : info@bhageriagroup.com NEAR GOREGAON RAILWAY STATION, GOREGAON (WEST), MUMBAI - 400 062. Website : www.bhageriagroup .com CIN : L40300MH1989PLC052574 Date: May 20, 2021
Slide 2: Bhageria Industries Ltd. Investor Presentation Q4 & FY21
Bhageria Industries Ltd. Investor Presentation Q4 & FY21
Slide 3: Q4 & FY21 Performance Highlights
Q4 & FY21 Performance Highlights 2
Slide 4: Consolidated Profit & Loss Statement – Q4 & FY21
Consolidated Profit & Loss Statement – Q4 & FY21 Rs Cr Q4FY21 Q4FY20 % Change FY21 FY20 % Change Net Sales 130 101 29.3% 402 414 (2.8%) -Chemical 120 92 369 373 -Solar 8 9 30 31 -Others 2 0 3 10 Cost of Goods Sold 73 54 34.6% 220 244 (10.0%) Employee Benefit Expense 7 6 19 16 Other Expenses 19 17 60
Slide 5: Consolidated Balance Sheet as on 31st Mar'21
Consolidated Balance Sheet as on 31st Mar’21 Rs Cr Mar’21 Mar’20 Rs Cr Mar’21 Mar’20 Share Capital 21.8 21.8 Fixed Assets incl. CWIP 365.1 349.4 Reserves 429.9 380.4 Non-Current Investments 0.5 0.4 Shareholders' Funds 451.7 402.2 Other Financial Assets 2.8 2.2 Long Term Borrowings 0.0 0.0 Other Non
Slide 6: Long term debt free
Long term debt free Consolidated Financials in Rs Cr 144.9 Long term solar debt Working capital loan Short term solar debt 86.9 83.4 38.7 52.6 34 31.4 23 20.7 5.4 10.7 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 5
Slide 7: Completed 3 phases of planned brownfield capex of Rs 120 cr
Completed 3 phases of planned brownfield capex of Rs 120 cr Phase 2: Phase 4: Phase 1: Phase 3: Expansion of the Manufacturing of Backward Enhancing power basket of Dye Pigments integration capacities Intermediates Intermediates » 300 TPD of Sulphuric » 4,500 MTPA capacity » Increased power Acid & D
Slide 8: Company Overview
Company Overview 7
Slide 9: Factors that differentiate us
Factors that differentiate us Leading manufacturer of Dye One of the top 3 producers of Backward integrated into Intermediates H-Acid & Gamma Acid in acid manufacturing ~14,000 TPA capacity India 300 TPD Sulphuric Acid Capacity Operational Strengths Achieving optimum capacity Zero discharge Shipping
Slide 10: Highly profitable core chemical business
Highly profitable core chemical business EBITDA Margins – Chemical biz ROCE of chemical Segment – 22.6% Company Chemical Biz. 25.0 Rs Cr 21.8 22.6 FY21 FY21 20.1 Net Sales 402 369 EBITDA 104 91 EBITDA margin 25.8% 24.7% FY18 FY19 FY20 FY21 Depreciation 26 11 » High capacity utilization – 85%+ EBIT 8
Slide 11: With Strong Global Footprint
With Strong Global Footprint India Germany Spain Japan South USA Korea China Taiwan Mexico Thailand Indonesia Brazil Turkey 20% Revenue contribution from Exports in FY21 10
Slide 12: Supplemented by a stable annuity solar business
Supplemented by a stable annuity solar business » 25 year PPA with Solar Energy » 25 year PPA with Asahi India Corporation of India (SECI) Glass Ltd, TRIL Ltd, Lucas Ltd & 30MW solar project 4MW rooftop in Maharashtra » Capacity - 30MW solution Kajaria Ceramics Ltd (commissioned in » Tariff – Rs 4.4
Slide 13: Giving back to stakeholders
Giving back to stakeholders Dividend (% of Face Value) 110.0% 100.0% 97.5% Shareholders: 70.0% Consistent Dividend 60.0% 50.0% 50.0% 35.0% Payout 2014 2015 2016 2017 2018 2019 2020 2021 Health & Safety Education Rural Development Society: Promoting Health care Contribution for Expansion of Ekal Abhi
Slide 14: Promoters with significant industry experience
Promoters with significant industry experience Suresh Bhageria Chairman • Has experience of more than 30 years in the Dyes & Dyes Intermediates Industry of Drugs and Pharmaceuticals • Holds a degree in Bachelor of Commerce Vinod Bhageria Managing Director • Has experience of more than 30 years in th
Slide 15: Represented by a robust board of directors
Represented by a robust board of directors Mukund Chitale Ameya Jadhav Independent Director Independent Director Experience of more than 10 years in teaching A renowned CA with over 40 years of and social organizations experience Surendra Gupta G.D. Yadav Independent Director Independent Director Ha
Slide 16: Outlook for the future
Outlook for the future In 2 Today Years A prominent dye intermediate player; Expansion of current dye intermediaries to backward integration completed in FY21 include new chemicals such as J-acid/Tobias Increasing power capacities at existing Strong operational margins with efficient manufacturing p
Slide 17: Historical Financials
Historical Financials 16
Slide 18: Growth with operational efficiency
Growth with operational efficiency Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 462 71 414 125 66 63 402 367 104 98 80 40 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 EBITDA Margin (%) PAT Margin (%) 27.0% 25.8% 23.6% 21.8% 15.5% 15.9% 15.6% 11.0% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21
Slide 19: High returns and low debt
High returns and low debt Return on Equity (%) Return on Capital Employed (%) Total Debt/Equity (x) 27.7% 22.4% 19.7% 17.7% 18.1% 14.4% 14.8% 14.6% 0.28 0.07 0.05 0.07 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 • ROCE = EBIT/ Average Capital Employed (Equity + Short & Long Term Debt
Slide 20: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bhageria Industries 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