India Pesticides Ltd. · NSE:IPL
India Pesticides — Q3 FY2024 Earnings Presentation
29 slides from India Pesticides's earnings presentation, Feb 8, 2024
Slide 1: Exchange filing cover letter
INDIA PESTICIDES LIMITED An ISO 9001:2015, 14001:2015, 45001:2018 and 10002:2018 Company CIN No. L24112 UP1984PLC006894 GSTIN- 09AAACI3591D1ZO IPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLI
Slide 2: India Pesticides Limited Q3 FY2024 Investor Presentation
India Pesticides Earnings Presentation Limited Q1 FY2024 Q3 FY2024 Investor Presentation www.indiapesticideslimited.com
Slide 3: 10-12 Management 14-18 Financial Performance 20-22 Growth Strategies
4-8 Company Overview 10-12 Management 14-18 Financial Performance 20-22 Growth Strategies Sustainability and Key 24-26 Takeaways 2
Slide 4: Company Overview
COMPANY OVERVIEW 3
Slide 5: India Pesticides at a Glance
India Pesticides at a Glance Diversified product offerings, ability to develop client specific molecules quickly and efficiently An R&D-driven chemical manufacturer of Agrochem technical & APIs, along with 1 growing Formulation's business 2 Active Manufacturing Facility Sole Indian manufacturer and
Slide 6: Product Overview
Product Overview Sole Indian manufacturer of certain Technical and among the global leading manufacturers for Captan, Folpet and Thiocarbamate Herbicide, in terms of production capacity Fungicide Insecticides Herbicide Intermediate • Cymoxanil - Controls downy • Prosulfocarb - Used in field mildews
Slide 7: Our Journey
Our Journey Three decades of commitment towards growth and quality Commencement of Registration of the in- Incorporation of the commercial production house R&D unit at Incorporated a new Conversion of our India Pesticides Company as ‘India at the manufacturing Tiwariganj, Chinhat, subsidiary “Amona
Slide 8: Manufacturing Facility and Sales Network
Manufacturing Facility and Sales Network Manufacturing Facilities Manufacturing Facilities Plants as on 31.12.23 Technicals (MTPA) Formulations (MTPA) Presence Sales Network Dewa Road, Lucknow 2,100 3,000 R&D Centers Sandila, Hardoi 22,100 3,500 Upcoming Manufacturing Facility Total 24,200 6,500 Cos
Slide 9: Customer Profile
Customer Profile Long term customer relationships developed over the years driven by quality product offerings Key Customers • Major customers include MNCs that look to collaborate with active ingredient manufacturers in India • Customer relationships are led by the ability to manufacture complex of
Slide 10: Management
MANAGEMENT
Slide 11: Promotor Group
Promotor Group Embracing our strategic succession plan, we proudly welcome the sons of our esteemed chairman to join our board, igniting the path towards an exciting leap into the future of exponential growth Vishal Swarup Agarwal Non- Executive Director Anand Swarup Agarwal Director, Founder and Pr
Slide 12: Board Members
Board Members As a part of our strategic plan to take the Company towards Independent Directorship and for better Corporate, we welcome Mrs. Madhu Dikshit as Chairperson Madhu Dikshit Adesh K Gupta Rajendra S Sharma Chairperson Whole-time Director Independent Director P P Mohan V Tanksale Rahul A Ba
Slide 13: Management Team
Management Team Experienced management with deep understanding of the industry Dheeraj Kumar Jain Aditya Kumar Nigam Chief Executive Officer Sr Vice President-Operations Satya Prakash Gupta Ajeet Pandey Chief Financial Officer Company Secretary and Compliance Officer 12
Slide 14: Financial Performance
FINANCIAL PERFORMANCE
Slide 15: Q3 and 9M FY24 Performance Highlights
Q3 and 9M FY24 Performance Highlights Management Commentary Q3 FY2024 “Despite the headwinds from international markets on account of destocking and adverse weather conditions your Company remain steadfast in its commitment and delivered strong performance during the quarter. Our relentless focus on
Slide 16: Q3 FY24 Performance Highlights
Q3 FY24 Performance Highlights Rs in Cr. Total Income Gross Profit and Margins 206 84 • Overall revenue 77 reduced by 24.9% 54% • Gross Profit grew by 155 QoQ 8.5% QoQ • Volumes impacted by 38% • Margins improved on continued destocking sequential basis due adverse whether to product mix and conditi
Slide 17: 9M FY24 Performance Highlights
9M FY24 Performance Highlights Inventory write down of Rs. 22 Cr during H1 FY24 Rs in Cr. Total Income Gross Profit and Margins 566 566 257 234 45% 42% 9M FY24 Reported 9M FY24 Adjusted 9M FY24 Reported 9M FY24 Adjusted EBITDA and Margins PAT and Margins 81 116 95 60 14% 17% 21% 11% 9M FY24 Reported
Slide 18: Revenue Break-up
Revenue Break-up Technicals + APIs constitute 72% of revenue during 9M FY24 Rs in Cr. Technicals + API Revenue Share 707 507 541 399 28% FY21 FY22 FY23 9MFY24 9M FY2024 Formulation 72% 175 178 155 136 Techinical + API Formulations FY21 FY22 FY23 9MFY24 Consolidated numbers 17
Slide 19: Q3 and 9M FY24 Performance Summary
Q3 and 9M FY24 Performance Summary (Rs. In Cr.) Q3 FY24 Q3 FY23 Q2 FY24 9MFY24* 9MFY23 Total Income 155 222 206 566 697 Gross Profit 84 102 77 257 321 Gross Margin (%) 54.1% 45.9% 37.5% 45.4% 46.1% EBITDA 37 51 31 116 165 EBITDA Margin (%) 24.0% 23.0% 15.1% 20.6% 23.7% EBIT 33 48 27 105 157 EBIT Mar
Slide 20: Growth Strategies
GROWTH STRATEGIES
Slide 21: Strengths & Strategies
Strengths & Strategies Product portfolio and capacity expansion will be driving factors for growth Strength Strategies R&D and Product Enhancing Deliberated Strong R&D and product development Portfolio Expansion Approach on ESG & HSE capabilities Diversified portfolio of niche and quality o Leveragi
Slide 22: Capex Plans
Capex Plans Consistent efforts towards generating and serving future potential demand Capacity Expansion Sandila + Hamirpur Sandila + Hamirpur Expanding the installed Budgeted Capex of Rs. Incurred Capex of Rs. 60 capacity by 2000 MT at Growing 110 Crore for FY24 Crore till 9M FY24 Sandila Demand Sa
Slide 23: Competitive Strengths
Competitive Strengths We believe in People, Process and Productivity and follow highly customer centric approach Diversified and Trusted Global Presence In-House R&D in India Quality Product Offerings Customer Base Tie-ups with top Capable of designing Sales network in 25+ Products comply with chemi
Slide 24: Giving Back to the Society
GIVING BACK TO THE SOCIETY
Slide 25: Engagement with Farmers
Engagement with Farmers Empowering Agriculture India Pesticides Limited (IPL) has exemplified its commitment to the farming community by actively engaging with farmers through impactful campaigning and enthusiastic participation in Farmer's exhibitions. Recognizing the crucial role farmers play in o
Slide 26: Our CSR Involvement
Our CSR Involvement Rain Water Harvesting Samagra Sudhar Chuppi Tod; Halla Bol This project is a collaborative effort with HARITIKA, an NGO specializing in We've strategically chosen four villages for environmental projects. We have secured the holistic development, instilling sustainability in IPL
Slide 27: Key Takeaways
Key Takeaways Board and Management is committed to continuous growth and sustainability Manufacturing capacity expansion will Higher return ratios due to create economies of scale and improve efficient capital and asset efficiency in manufacturing processes utilization Consistent growth with Product
Slide 28: Disclaimer
Disclaimer Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The company's results may b
Slide 29: India Pesticides Limited
INDIA PESTICIDES LIMITED For further information, please contact S P Gupta Chief Financial Officer India Pesticides Limited +91 522 265 3602 investor@indiapesticideslimited.com Atul Modi / Simran Malhotra Investor Relations Advisor Churchgate Partners +91 22 6169 5988 ipl@churchgatepartners.com www.