Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — Investor Presentation (November 2019)
28 slides from Shree Pushkar Chemicals & Fertilisers's investor presentation, November 2019
Slide 1: Shree Pushkar Chemicals & Fertilisers Limited Investor Presentation
Shree Pushkar Chemicals & Fertilisers Limited Investor Presentation November 2019
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: H1FY20 Highlights
H1FY20 Highlights
Slide 4: H1FY20 Performance Highlights
H1FY20 Performance Highlights Performance Highlights Total Revenue from operations EBITDA • Adjusted for the non-operating units, our revenue was lower by 4% on YoY basis (Rs in Crores) *Unit 1 is under revamp for major o Overall demand has been soft led by subdued overhaul, maintenance & replacemen
Slide 5: Segmental Revenue Breakup
Segmental Revenue Breakup Dyestuff Dye Intermediates (Rs in Crores) Higher captive consumption for dyes production -19% -39% 45.8 113.8 37.0 Revamp of Unit 1 69.3 H1FY19 H1FY20 H1FY19 H1FY20 Fertilisers Acid Complex & Others +69% -39% 55.2 20.7 32.6 12.6 H1FY19 H1FY20 H1FY19 H1FY20 On Consolidated B
Slide 6: H1FY20 Segmental Highlights
H1FY20 Segmental Highlights Revenue Break up H1FY20 Dyestuff Dye Intermediates Led by Higher 18% Volume de-growth 23% Volume de-growth Captive Consumption & Impact of Unit1 19% Revenue de-growth 39% Revenue de-growth Revamp 21.0% 32.0% 40.0% Fertiliser Acid Complex & Others 7.0% 59% Volume growth 66
Slide 7: Planned Expansion through Internal Accrual
Planned Expansion through Internal Accrual Rs 120 crs Capex through Internal Accrual 28crs 75crs 5crs 11crs In process of acquiring Madhya The planned capex of ~Rs. 75 Revamping of the Manufacturing Planning for Rs. 11 crs capex for Bharat Phosphates Pvt. Ltd, crores in the dye intermediaries’ facil
Slide 8: Standalone P&L Statement
Standalone P&L Statement* Particulars (Rs. In Crores) Q2FY20 Q2FY19 Y-o-Y Q1FY20 Q-o-Q H1FY20 H1FY19 Y-o-Y Revenue from Operations 67.1 103.2 -35.0% 77.7 -13.7% 144.7 189.3 -23.6% Raw Material 41.8 70.0 52.2 94.0 127.9 Employee Cost 4.9 5.5 5.1 10.0 9.7 Other Expenses 8.9 10.2 12.0 20.9 19.5 EBITDA
Slide 9: Consolidated P&L Statement
Consolidated P&L Statement* Particulars (Rs. In Crores) Q2FY20 Q2FY19 Y-o-Y Q1FY20 Q-o-Q H1FY20 H1FY19 Y-o-Y Revenue from Operations 81.9 115.4 -29.0% 92.2 -11.1% 174.0 212.9 -18.3% Raw Material 49.8 76.5 60.2 109.9 141.4 Employee Cost 6.0 6.6 6.0 11.9 11.3 Other Expenses 12.4 12.8 15.2 27.6 23.9 EB
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY AND LIABILITIES (Rs. In Crores) Sept-19 Mar-19 ASSETS (Rs. In crores) Sept-19 Mar-19 Equity Non-current assets Equity Share capital 30.8 30.7 Property, plant and equipment 164.1 167.3 Other equity 261.6 253.7 Capital work-in-progress 23.0 10.5 Sub-total - Shareholde
Slide 11: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs.) Sept-19 Mar-19 Net Profit Before Tax 19.7 30.7 Adjustments for: Non Cash Items / Other Investment or Financial Items 4.6 5.6 Operating profit before working capital changes 24.3 36.2 Changes in working capital 4.3 5.1 Cash generated from Operat
Slide 12: Company Overview
Company Overview
Slide 13: About Us
About Us An Integrated Speciality Caters to the Being inventive A leading producers of Dye Intermediaries Chemicals and Colourants in delivering and Dyestuff and has the widest range of leading textile manufacturing company, Dye Intermediaries offering with high and apparel high quality dealing in t
Slide 14: Evolution of Our Business
Evolution of Our Business 1993 - 2003 2004 - 2010 2011 - 2016 2017 - 2018 2019 & Beyond • Commenced trading/imports of • In 2011, began use of Spent •Rapidly expanded Dyestuff •In process of acquiring Madhya • Recycling of effluents from chemical products & dye acid for manufacturing of SSP Segment
Slide 15: Key Management
Key Management Punit Makharia Gautam Makharia S N Sengupta Chairman & Managing Director Managing Director Associate Director A first-generation entrepreneur, he A chemical engineer wiith With and BE in Electronics and experience of 34 years in project holds a Bachelors in Commerce with an MBA(Financ
Slide 16: Product Portfolio
Product Portfolio DyeStuff Constantly on the improvement based on market response with Dye Intermediates over 30 different shades in Reactive dyes Black, Yellow & Red Gamma Acid, K- Acid, R- Salt, Vinyl Sulphone, Meta Fertilizers Used for Dying of Textile / Yarns Ureido Aniline and H- Acid commonly
Slide 17: An Overview of Dyestuff Segment
An Overview of Dyestuff Segment Dyestuff Revenue (Rs in Crores) • We are one of the leading manufacturer of Reactive Dyes. Primarily used for dyeing textiles, for cellulosic fibers like cotton/flax & also wool. Our belief in sustainability led 109.1 to the launch of DYECOL™ range of Reactive Dyes to
Slide 18: An Overview of Dye Intermediates Segment
An Overview of Dye Intermediates Segment • We have started manufacturing Dyes Intermediates with a single product in the Dye Intermediates Revenue (Rs in Crores) year 2001, the company now manufactures over 10 different types of Dye Intermediates like H Acid, Vinyl Sulphone, Para Base, K Acid, Gamma
Slide 19: An Overview of Fertiliser Segment
An Overview of Fertiliser Segment • The main raw materials for SSP are rock phosphate and sulphuric acid and it is based one of the Single Super Fertilisers Revenue* (Rs in Crores) simplest chemical reactions in the fertilizer industry phosphate (SSP) • SSP, which is a poor farmer's fertilizer (pric
Slide 20: An Overview of Fertiliser Segment
An Overview of Fertiliser Segment Geographic Facilities Rationale Growth Driver Impact Expansion Due to backward Good monsoon Lote Purshuram integration, we Maharashtra, Karnataka to improve Rabi Unit have entered Fertilizer Business & Kharif Crops Increasing Presence in leading Agriculture States A
Slide 21: Manufacturing Capabilities
Manufacturing Capabilities Strategic location at Lote Parshuram, Maharashtra… Unit 1 – Dye Intermediates Unit 2 – SSP Granulation Plant Unit 3 - New Reactive Dyes Plant Unit 4 - SOP Kisan Phosphates Pvt. Ltd. New Application Lab for Testing of Dyes Sulphuric Acid Plant Commenced Sulphuric Acid plant
Slide 22: Our Strengths
Our Strengths Substantial increment in the contribution from Fast Paced Growth We do not incur large costs on effluent Zero Waste Dyestuff Segment to our Revenue on a quarter on in our Dyestuff treatment due to our zero waste model Chemical quarter basis Segment Company Low Financial We are backward
Slide 23: Growth driven by Every Business Unit
… Growth driven by Every Business Unit Commenced Fertilizers Acid Complex Export Dye (including Dyestuff & Growth business Intermediates Kisan Others in 2016 Phosphate) Export Revenue Dye Intermediates – Acid Complex & FY19 – Revenue % Dyestuff – 24% Fertilizer– 20% Rs 91 Crs (20%) 50% Others – 5.6%
Slide 24: Financial Highlights
Financial Highlights
Slide 25: Consistent Growth in Business
Consistent Growth in Business (Rs in Crores) Total Revenue from operations EBITDA Margin 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* EBIT PAT 11.8% 10.6% 12.4% 15.8% 13.9%
Slide 26: Segmental Revenue Breakup
Segmental Revenue Breakup (Rs in Crores) Dyestuff Dye Intermediates 109.1 101.2 226.8 201.2 196.4 200.3 165.4 171.4 40.2 FY14 FY15 FY16 FY17 FY18 FY19 FY14 FY15 FY16 FY17 FY18 FY19 Acid Complex Fertilisers 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 FY
Slide 27: Key Financial Parameters
Key Financial Parameters Net Debt (x) 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 (x) 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-15 Mar-1
Slide 28: 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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