JK Spinning Mills Ltd. · PSX:JKSM
JK Spinning Mills — Corporate Update (October 2023)
21 slides from JK Spinning Mills's corporate update, October 2023
Slide 1: J.K Spinning Mills Limited Corporate Briefing Session 2023
J.K spinning Mills Limited Corporate Briefing Session 2023 Click here to join the meeting
Slide 2: Contents
Contents Company Brief . Historical Performance & Trends Financial Results Future Outlook 2023 & 2022
Slide 3: Company Brief
01 Company Brief
Slide 4: Introduction
Introduction J.K Spinning Mills Limited (JKSML) was incorporated in Pakistan on 07 January 1987 as a public limited company. The shares of the company are listed on Pakistan Stock Exchange. JKSML is principally engaged in manufacturing and sales of yarn, fabrics, and home Textile Products. YARN WOVE
Slide 5: Vision & Mission
VISION & MISSION VISION MISSION ➢ To turn around performance of company To Enter into Global Economy into sustainable growth for the benefit of its accepting the challenge of barrier stake holders. free trade as a dynamic force. ➢ To stand the test of expectations of our valued customers redefining
Slide 6: Core Values
CORE VALUES
Slide 7: Group Structure
GROUP STRUCTURE Spinning Unit Weaving Unit 202,084 Spindles 110 Looms 64 Million Kgs (20S) annual 21 Million (Sq. Mtr.) annual production production
Slide 8: Group Structure
GROUP STRUCTURE Stitching Unit Processing Unit Power House 600 Machines Fabric:60 Million linear meter 21 MW Gas Generation 64 Million Meters annual annual production. 1 MW Diesel Generation production Towel: 2,920 Ton Annually 1.4 MW Solar Capacity 18 MW Grid
Slide 9: Historical Performance & Trends
02 Historical Performance & Trends
Slide 10: Sales, Cost and Gross Profit; Profit before taxation
Sales, Cost and G.P 40,000 35,000 Rupees in million 30,000 25,000 20,000 SALES 15,000 COS 10,000 G.P 5,000 0 2018 2019 2020 2021 2022 2023 Year Profit before taxation 4,500 4,088 4,000 Rupees in million 3,500 3,000 2,500 2,142 1,962 2,000 1,307 1,500 894 1,000 430 500 0 2018 2019 2020 2021 2022 2023
Slide 11: Total Assets; Working Capital; Leverage Ratio
Total Assets 30,000 27,514 Rupees in million 25,000 19,218 20,000 13,887 15,000 11,252 9,495 10,000 7,594 5,000 0 2018 2019 2020 2021 2022 2023 YEAR Working capital Leaverage ratio 6000 5,396 1.20 5000 1.02 1.03 4,282 0.95 0.93 1.00 Rupees in million 4000 0.82 3,038 0.80 3000 Times 2,215 0.59 1,445
Slide 12: Financial Results 2023 vs 2022
03 Financial Results 2023 vs 2022
Slide 13: Horizontal Analysis of Profit or Loss
Horizontal Analysis of Profit or Loss +32% Sales Rs.36,128 million (2022: 27,332 million) -22% Gross Profit Rs.4,786 million (13.25% of sales) [2022: 6,160 million (22.54 % of sales)] Profit before Tax Rs.1,962 million (5.43% -51% of sales) [2022: 4,087 million (14.96% of sales)] -67% Taxation Rs.14
Slide 14: Vertical Analysis of Profit Or Loss Account
Vertical Analysis of Profit Or Loss Account 2023 2022 Rs. in million %age Rs. in million %age Revenue: Sales 36,129 99.71 27,333 99.03 Other income 105 0.29 266 0.97 Total 36,234 100.00 27,599 100.00 Expenses: Cost of sales 31,342 86.49 21,172 76.71 Distribution expense 1,147 3.16 1,036 3.76 Adminis
Slide 15: Balance sheet Assets
Balance sheet Assets 27,514 million 2023 2022 19,218million 11,739 million Property, plant and equipment 7,201 million 24 million Long term deposits and 23 million Investments 8,773 million Stores and stocks 7,116 million 4,010 million Trade debts 3,050 million 2,294 million Sales tax refundable 529
Slide 16: Balance sheet Equity and liabilities
Balance sheet Equity and liabilities 27,514 million 2023 2022 19,218 million Shareholders Equity 12,488 million 10,873 million 3,142 million Total Long term loans 1,510 million 2,333 million Trade liabilities 1,935 million 7,861 million Short term borrowings 3,920 million 1,690 million Other liabili
Slide 17: Future Outlook
04 Future Outlook
Slide 18: Future Outlook
Future Outlook The current political scenario, The textile sector is expected to face coupled with dwindling foreign ongoing economic challenges, exchange reserves, is severely including high interest rates, impacting the textile sector. Delays depreciation of the exchange rate, in opening letters o
Slide 19: Future Outlook
Future Outlook Furthermore, Pakistan's Company is incorporating 5MW economy has been adversely solar project in future plans. affected by flooding and heavy Furthermore company is also rains during the first quarter of planning to incorporate towel the financial year 2022-23, project. The management
Slide 20: Q&A
Q&A
Slide 21: Thank You