Apcotex Industries Ltd · NSE:APCOTEXIND
Apcotex Industries — Q1 FY2024 Earnings Presentation
11 slides from Apcotex Industries's earnings presentation, Jul 27, 2023
Slide 1: Exchange filing cover letter: Earnings Presentation Q1 FY 2023-24
27th July 2023 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 Symb
Slide 2: Earnings Presentation Q1-FY24
Earnings Presentation Q1-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 Paints (India) Ltd. In 1991, the division was spun off as a 12000 separate company, which was headed by Mr. Atul Choksey, former 10,799 24.0% 9,569 22.0%
Slide 5: Q1-FY24 Financial and Operational Highlights
4 Q1-FY24 Financial and Operational Highlights Q1-FY24 Financial Highlights Q1-FY24 Operational Highlights • Highest Quarterly Volume growth of 22% YoY led by Nitrile Latex, Carpet and Construction. INR 2,777 Mn INR 255 Mn Operational Revenue EBITDA • Highest Export Volume growth of 110% YoY led by
Slide 6: Quarterly Financial Performance
5 Quarterly Financial Performance Particulars (INR Mn) Q1-FY24 Q1-FY23 Y-o-Y Q4-FY23 Q-o-Q Operational Revenue 2,777 3,065 (9.4)% 2,561 8.4% Total Expenses 2,522 2,579 (2.2)% 2,220 13.6% EBITDA 255 486 (47.5)% 341 (25.2)% EBITDA Margins 9.18% 15.86% (668) Bps 13.32% (414) Bps Depreciation 74 37 NA 4
Slide 7: Historical Income Statement
6 Historical Income Statement Particulars (INR Mn) FY21 FY22 FY23 Q1-FY24 Operational Revenue 5,406 9,569 10,799 2,777 Total Expenses 4,708 8,171 9,214 2,522 EBITDA 698 1,398 1,585 255 EBITDA Margins 12.91% 14.61% 14.68% 9.18% Depreciation 145 141 152 74 Finance Cost 38 32 51 36 Other Income 52 79 7
Slide 8: Balance Sheet
7 Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 Shareholders Fund 3,054 3,962 4,760 Total Non Current Assets 2,383 3,014 4,809 Property, Plant and Equity Share Capital 104 104 104 1,441 1,560 3,834 Equipment Other Equity 2,950 3,858 4,656 Capital Work in progr
Slide 9: Historical Performance Indicators
8 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 5,406 698 442 14.6% 14.7% 9.18% 10.3% 10.0% 2,777 12.9% 4.36% 8.2% 255 121 FY21 FY22 FY23 Q1-FY 24 FY21 FY22 FY23 Q1-FY24 FY21 FY22 FY
Slide 10: Disclaimer
9 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 invitation
Slide 11: Thank You
Thank You