Dhampur Bio Organics Ltd · NSE:DBOL
Dhampur Bio Organics — Q3 FY24 Earnings Presentation
26 slides from Dhampur Bio Organics's earnings presentation, February 2024
Slide 1: Dhampur Bio Organics Limited Q3 & 9M FY24 Results Presentation
Dhampur Bio Organics Limited A leading integrated sugarcane processing company in India Q3 & 9M FY24 | Results Presentation 1
Slide 2: Safe Harbour Statement
Safe Harbour Statement This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being provided by Dhampur Bio Organics Limited (also referred to as the ‘Company’). By attending the meeting where this presentation
Slide 3: Agenda
Agenda Sr no. Particulars 1 Financial Highlights | Q3 & 9M FY24 2 Segmental Performance | Q3 & 9M FY24 3 Company Overview 4 Industry Dynamics 3
Slide 4: Financial Highlights | Q3 & 9M FY24
Financial Highlights | Q3 & 9M FY24 (Standalone Financials) 4
Slide 5: Q3 FY24 Highlights
Q3 FY24 | Highlights Revenue EBITDA PAT ₹ 424.78 Crore ₹ 12.89 Crore Financials (Q3 FY24) ₹ -4.16 Crore Inc./Dec. Margin Margin -38.77% 3.03% - 0.98% Sugar Bio Fuel & Spirits Country Liquor Segmental (Q3 FY24) -58.14% -15.38% 41.35% Revenue Inc./Dec. Revenue Inc./Dec. Revenue Inc./Dec. YoY YoY YoY •
Slide 6: 9M FY24 Highlights
9M FY24 | Highlights Revenue EBITDA PAT ₹ 1,766.54 Crore ₹ 74.54 Crore Financials (9M FY24) ₹ 7.60 Crore Inc./Dec. Margin Margin 2.05% 4.22% 0.43% Sugar Bio Fuel & Spirits Country Liquor Segmental (9M FY24) -20.24% 3.83% 209.86% Revenue Inc./Dec. Revenue Inc./Dec. Revenue Inc./Dec. YoY YoY YoY • Rev
Slide 7: Revenue Analysis (Q3 FY24 vs Q3 FY23)
Revenue Analysis (Q3 FY24 vs Q3 FY23) (₹ in Crore) 7 *Others includes other ancillary products
Slide 8: Key Financials – Q3 & 9M FY24
Key Financials – Q3 & 9M FY24 (₹ in Crore) Revenue from Operations EBIT & EBIT Margin (%) PAT & PAT Margin (%) 1,731.12 1,766.54 4.04% 1.74% 1.98% 80.00 4.50 % 35.00 2.50 % 3.43% 4.00 % 70.00 30.00 2.00 % 60.00 69.94 3.50 % 25.00 1.50 % 30.08 3.00 % 2.23% 50.00 20.00 0.43% 1.00 % 2.50 % 40.00 15.00
Slide 9: Profit & Loss Statement – Q3 & 9M FY24
Profit & Loss Statement – Q3 & 9M FY24 (₹ in Crore) Particulars (₹ in Crore) Q3FY24 Q3FY23 YoY 9MFY24 9MFY23 YoY FY23 • Revenue in Q3FY24 at ₹ Revenue from Operations 424.78 693.79 -38.77% 1,766.54 1,731.12 2.05% 2,648.60 424.78 Crore - ➢ Sugar at ₹ 237.80 crore EBITDA 12.89 34.01 -62.10% 74.54 97.3
Slide 10: Segmental Performance | Q3 & 9M FY24
Segmental Performance | Q3 & 9M FY24 (Standalone Financials) 10
Slide 11: Segment Overview – Q3 & 9M FY24
Segment Overview – Q3 & 9M FY24 (₹ in Crore) Revenue Mix Segment Performance 9MFY24 Particulars (₹ in Crore) Q3FY24 Q3FY23 YoY 9MFY24 9MFY23 YoY 20.9% Sugar Revenue 237.80 568.13 -58.14% 1152.18 1444.59 -20.24% 22.1% EBIT -9.17 10.75 - 11.72 15.35 -23.65% 57.0% EBIT Margin (%) -3.86% 1.89% - 1.02% 1
Slide 12: Operational Performance – Q3 & 9M FY24
Operational Performance – Q3 & 9M FY24 Particulars UOM Q3FY24 Q3FY23 9MFY24 9MFY23 FY23 Sugar Sugar Production Tons 1,37,761 1,01,565 1,87,676 1,53,560 3,50,578 Sugar Sales Tons 30,948 1,07,612 2,23,785 3,10,101 4,53,144 Avg. Realisation ₹/Ton 40,142 37,874 37,966 36,512 36,684 Inventory Tons 1,06,5
Slide 13: Sugar Segment
Sugar Segment Financial Operational Revenue (Rs. Crores) Revenue Contribution (%) Cane Crushed (Lac Tons) Sugar Production (Lac Tons) Sugar Sales (Lac Tons) Avg. Realisation (₹/Ton) 1,444.59 40,142 Sugar Recovery (%) 1, 60 0. 00 20 0% 5. 00 45,000 18 0% 25 .0 0 4. 50 37,874 36,512 37,966 40,000 1, 4
Slide 14: Bio Fuel & Spirits Segment
Bio Fuel & Spirits Segment Financial Operational Revenue (Rs. Crores) Revenue Contribution (%) Ethanol Production (Mn BL) Ethanol Sales (Mn BL) Ethanol Stock (Mn BL) 407.25 422.86 Average Realisation 58.14 45 0. 00 50 % 58.52 1.24 58.87 45 % 58.81 40 0. 00 69.59 70.94 80 .0 0 70 .0 0 40 % 69.92 67.6
Slide 15: Country Liquor Segment
Country Liquor Segment Financial Operational Revenue (Rs. Crores) Revenue Contribution (%) 50 0. 00 446.70 70 % Sales (Cases) Avg. Realisation (₹/Case) 1,876,830 45 0. 00 2, 00 0, 00 0 500.00 40 0. 00 60 % 1, 80 0, 00 0 450.00 35 0. 00 1, 60 0, 00 0 400.00 50 % 280.15 282.27 30 0. 00 1, 40 0, 00 0 3
Slide 16: Balance Sheet Highlights
Balance Sheet Highlights (₹ in Crore) Long Term Loans Net Working Capital Long Term Debt : Equity Ratio ₹238.27 Crores as on ₹253.13 Crores as on 0.28 times as on December 31, 2023 December 31, 2023 December 31, 2023 ₹246.32 Crore as on March 31, ₹460.00 Crore as on Mar 31, 2023 0.25 times as on Mar
Slide 17: Company Overview
Company Overview DBO Dhampur Bio Organics Lid. 17
Slide 18: Company Overview
Company Overview One of the Leading Sugar Companies • One of India’s leading integrated sugar companies with a growing presence in agri-business and bioenergy • Operating under two verticals: Sugar (Refined, Raw sugar & Renewable energy), Biofuels & Spirits (Ethanol, Country Liquor, and organic fert
Slide 19: Our Capacities
Our Capacities Asmoli Plant Mansurpur Plant Meerganj Plant Capacity Total Capacity (District Sambhal) (District Muzaffanagar) (District Bareilly) Sugar Uttar Pradesh Sugarcane Crushing (TCD) 12,500* 8,000 9,000* 29,500* Sugar Refinery (TPD) 1,100 900 _ 2,000 Pharma Grade Sugar (TPD)** 700 _ _ 700 LQ
Slide 20: Strong Leadership Team
Strong Leadership Team Sandeep Kumar, COO & Whole-time Director Vijay Kumar Goel, Chairman He joined the engineering team of the Company in 1980 and over 40 The promoter of the undivided company and on the Board since 1960. Has been the years of experience in operations, projects, & administration P
Slide 21: Our Certifications
Our Certifications Certificate of Drug Formulation Approval Dhampur Bio Organics Limited, Unit-Asmoli Division Sugar has been granted licence(s) to manufacture Pharmaceutical Grade Sugar Quality ICUMSA below 45 conforming to 1.P./B.P./U.S.P specification. SGS ISO 14001:2015 Dhampur Bio Organics Limi
Slide 22: Shareholders Information
Shareholders Information Shareholding Structure Shareholder Information as on 31st December 2023 BSE Ticker 543593 Individual Shareholders, NSE Symbol DBOL 39% Market Cap (in Rs. Crores) 1,015.40 % Free- float 49.37% Others, 6% NRI, 1% Free Float Market Cap (in Rs. Crores) 501.30 as on 31st FII, 3%
Slide 23: Industry Dynamics
Industry Dynamics DBO Dhampur Bio Organics Lid. 23
Slide 24: Sugar Scenario
Sugar Scenario • Govt of India has increased Fair and Remunerative Price Domestic Sugar Balance Sheet (Mn Tons) (FRP) of Sugar cane by Rs 10/qtl to 315/qtl for current Sugar Season linked to basic recovery of 10.25%. S. No Particulars SS 2022-23 SS 2023-24 (P) • State Advised Price (SAP) for SS 23-2
Slide 25: Bio Fuels Scenario
Bio Fuels Scenario • ESY 23-24, CH derived ethanol price increased from Rs. 49.41 per litre to Rs. 56.28 per litre. Also, maize derived ethanol price increased from Rs. 66.07 per litre to Rs. 71.86 per litre. Feedstock wise prevailing ethanol prices are as under:- S. No. Name of Feedstock used for B
Slide 26: Thank You
THANK YOU Dhampur Bio Organics Limited: Nalin Kumar Gupta, CFO: nalingupta@dhampur.com Sonika Malhotra: sonikamalhotra@dhampur.com Ernst & Young LLP: Rohit Anand: Rohit.anand4@in.ey.com Abhishek Bhatt: Abhishek.bhatt3@in.ey.com Riddhant Kapur: Riddhant.kapur@in.ey.com Corp. Office: Second Floor, Plo