Apcotex Industries Ltd · NSE:APCOTEXIND
Apcotex Industries — Q3 FY2023-24 Earnings Presentation
13 slides from Apcotex Industries's earnings presentation, Jan 23, 2024
Slide 1: Covering letter to stock exchanges: Earnings Presentation Q3 FY2023-24
23rd January 2024 To, To, The Manager - Listing Department, Manager-Department of Corporate Services The National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, 5th floor, Jeejeebhoy Towers, Plot no. C/1, “G” Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai-400051 S
Slide 2: Earnings Presentation Q3/9M-FY24
Earnings Presentation Q3/9M-FY24
Slide 3: Executive Summary
2 Executive Summary OVERVIEW ▶ Apcotex Industries Ltd (Apcotex) is a leading producer of Synthetic Rubber (Nitrile Rubber, High Styrene Rubber, Nitrile Polyblends and Nitrile Powder) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics and Nitrile Latex) in India. ▶ The company has one of the
Slide 4: Company Overview
3 Company Overview Operational Revenue (INR Mn) and EBITDA Margin (%) ▶ The company’s Taloja plant was established in 1980 as a division of Asian 12000 Paints (India) Ltd. In 1991, the division was spun off as a separate company, 10,799 24.0% 9,569 22.0% which was headed by Mr. Atul Choksey, former
Slide 5: Financial Highlights
4 Financial Highlights Q3-FY24 Financial Highlights 9M-FY24 Operational Highlights INR 2,570 Mn INR 254 Mn INR 8,140 Mn INR 827 Mn Operational Revenue EBITDA Operational Revenue EBITDA 9.8% YoY (17.0)% YoY (1.2)% YoY (33.5)% YoY 9.88% INR 111 Mn 10.16% INR 386 Mn EBITDA Margin Net Profit EBITDA Marg
Slide 6: Q3/9M-FY24 Operational Highlights
5 Q3/9M-FY24 Operational Highlights Q3-FY24 • Quarterly volume growth of 21% YoY, 8% volume drop QoQ mainly due to NBR & HSR • Highest Quarterly export volume growth of 98% YoY led by Nitrile Latex, Carpet and Construction • Revenue growth of 10%, due to increased volumes in spite of challenging mar
Slide 7: Quarterly Financial Performance
6 Quarterly Financial Performance Particulars (INR Mn) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q Operational Revenue 2,570 2,341 9.8% 2,792 (8.0)% Total Expenses 2,316 2,035 13.8% 2,476 (6.5)% EBITDA 254 306 (17.0)% 316 (19.6)% EBITDA Margins 9.88% 13.07% (319)Bps 11.32% (144)Bps Depreciation 82 37 NA 78
Slide 8: YTD Financial Performance
7 YTD Financial Performance Particulars (INR Mn) 9M-FY24 9M-FY23 Y-o-Y Operational Revenue 8,140 8,238 (1.2)% Total Expenses 7,313 6,994 4.6% EBITDA 827 1,244 (33.5)% EBITDA Margins 10.16% 15.10% (494)Bps Depreciation 234 111 NA Finance Cost 118 45 NA Other Income 56 60 (6.7)% PBT 531 1,148 (53.7)%
Slide 9: Historical Income Statement
8 Historical Income Statement Particulars (INR Mn) FY21 FY22 FY23 9M-FY24 Operational Revenue 5,406 9,569 10,799 8,140 Total Expenses 4,708 8,171 9,214 7,313 EBITDA 698 1,398 1,585 827 EBITDA Margins 12.91% 14.61% 14.68% 10.16% Depreciation 145 141 152 234 Finance Cost 38 32 51 118 Other Income 52 7
Slide 10: Balance Sheet
9 Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 Shareholders Fund 3,962 4,760 4,959 Total Non Current Assets 3,014 4,809 4,940 Equity Share Capital 104 104 104 Property, Plant and 1,560 3,834 3,886 Other Equity 3,858 4,656 4,855 Equipment Capital Work in
Slide 11: Historical Performance Indicators
10 Historical Performance Indicators EBITDA (INR Mn) EBITDA Margin (%) PAT (INR Mn) and PAT Margin (%) Operational Revenue (INR Mn) 10,799 1,585 1,079 9,569 1,398 988 8,140 827 5,406 698 442 10.3% 14.6% 14.7% 10.0% 386 12.9% 8.2% 10.16% 4.74% FY21 FY22 FY23 9M-FY24 FY21 FY22 FY23 9M-FY24 FY21 FY22 F
Slide 12: Disclaimer
11 Disclaimer Apcotex Industries Ltd Disclaimer: This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apcotex Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitatio
Slide 13: Thank You
Thank You
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