Mitsu Chem Plast Ltd · BSE:MITSU
Mitsu Chem Plast — Q1 FY23 Earnings Presentation
44 slides from Mitsu Chem Plast's earnings presentation, Aug 10, 2022
Slide 1: Mitsu Chem Plast Ltd. BSE intimation letter
Mitsu Chem Plast Ltd. 329, Gala Complex, Din Dayal Upadhyay Road, Mulund (W), Mumbai - 400 080, Maharashtra, INDIA. T: + 91 22 25920055 E: mcpl@mitsuchem.com W : www.mitsuchem.com CIN : L25111MH1988PLC048925 Mitsu You visualise...we mold Date: August 10, 2022 BSE Limited Phiroze Jeejeebhoy Towers, D
Slide 2: Q1 FY23 Investor Presentation
MITSU CHEM PLAST LIMITED Q1 FY23 INVESTOR PRESENTATION DRIVING INNOVATION & GROWTH, SUSTAINABLY
Slide 3: Company Overview
Company Overview MITSU CHEM PLAST LIMITED
Slide 4: About Mitsu
About Mitsu One of the most innovative plastic molded products manufacturer in India with focus on Sustainability • Established in 1990 Mitsu Chem Plast Limited (Mitsu, The Company) is a Leading manufacturer of wide range of plastic blow molding, Injection Molding & customized molding products • The
Slide 5: Key Facts & Figures
Key Facts & Figures FY22 Installed Capacity 500+ clients, out of 500+ SKU’s Revenue: ₹ 258.86 Cr of 22,800 + MTPA which more than 30 EBITDA: ₹ 25.68 Cr are Fortune (India) PAT: ₹ 11.50 Cr 500 customers 3 Manufacturing 46 Blow Molding 12 Injection Molding 300+ Employment Facilities Machines Machines
Slide 6: Mitsu's Journey
Mitsu’s Journey Unit II started IPO & Listing on BSE SME Platform 1990 2006 2015 2016 2017 Unit I started Received the certificate of Acquisition of plant and conformity for Spine Board (plastic machinery, commercial & blow molded) identified by “CE” technical know-how and “SR” Achieved turnover of
Slide 7: Mitsu's Journey
Mitsu’s Journey Received registration of designs for Started Expansion of Unit III at Side Railing for Hospital Bed Khalapur Incorporation of Subsidiary of the Company, Mitsu Foundation 2018 2020 2021 2022 Migrated to Main Board of BSE Increased installed capacity of from BSE SME Unit III from 10,87
Slide 8: Core Values
Core Values EMPLOYEE QUALITY WELFARE CONSCIOUSNESS The way of life at Mitsu, is inspired and guided by its ENVIRONMENT CUSTOMER seven Core Values, values that FRIENDLY DELIGHT have been inculcated in every member, and today forms a performance mapping standard within the company at all levels of ope
Slide 9: Core Strengths
Core Strengths OUT OF THE CONTINUOUS IN HOUSE R&D STRONG AT DESIGN BOX THINKING INNOVATION DEPARTMENT & PROTOTYPING VALUE CREATION BY CONSULTATIVE CONCEPTUALIZATION QUALITY REVERSE ENGINEERING APPROACH TO FINAL PRODUCT FIRST MITSU CHEM PLAST LIMITED 8
Slide 10: Molding Capabilities
Molding Capabilities INJECTION MOLDING HDPE, PP, Filled PP Pharma, Chemical, Food, Agrochemicals BLOW MOLDING CUSTOM MOLDING HDPE, PP, Filled PP PE, PP, Filled PP Pharma, Chemical, Pharma, Automotive, Food, Flavor & Hospital Bed Parts, Fragrances, Auto Filters Automotive, Agrochemicals MITSU CHEM PL
Slide 11: More Than 30 Clients Of Fortune (India) 500 Serviced By Us
More Than 30 Clients Of Fortune (India) 500 Serviced By Us MITSU CHEM PLAST LIMITED 10
Slide 12: Strategically Located Manufacturing Facilities
Strategically Located Manufacturing Facilities UNIT UNIT UNIT 01 02 03 Mitsu has opened a depot at Delhi & 20,000SQ.FT 26,000SQ.FT 73,000SQ.FT Hyderabad to cater the clients of north & TARAPUR TARAPUR KHALAPUR south India respectively. (MAHARASHTRA) (MAHARASHTRA) (MAHARASHTRA) MITSU CHEM PLAST LIMIT
Slide 13: State Of The Art Infrastructure
State Of The Art Infrastructure Installed Capacity of 46 Blow Molding 12 Injection Molding 22,800 + Metric Machines Machines Tonnes per annum MITSU CHEM PLAST LIMITED 12
Slide 14: Well Equipped & Certified Plant
Well Equipped & Certified Plant ALL PLANTS ARE WELL EQUIPPED WITH ALL TYPES OF TESTING INTERGRATED MANAGEMENT SYSTEM EQUIPMENT'S Melt Flow Index Drop Testing Closure Leakage Testing Dimension Test QUALITY ISO 9001:2015 Visual Test Fitment Test (QMS) ENVIRONMENT CERTIFICATIONS ISO 14001:2015 (EMS) Pe
Slide 15: Green Initiatives For Sustainable Growth
Green Initiatives For Sustainable Growth Manufacture of Using LED’s and Motion Reusable and Recyclable Rain Water Harvesting sensor based tube lights. Products Systems Mitsu is committed to continuous Transparent improvements in every sphere of Polycarbonate Roof Tops 100% Virgin Material Plantation
Slide 16: Successful Track Record Of Business Acquisitions
Successful Track Record Of Business Acquisitions 2008 2017 2019 NOCIL Shree Rubber Prince Multi (Reliance) Plast Co Pvt Plast Pvt Ltd. Ltd. Acquired Business, Acquired Business, Acquired Plant & plant & machinery Plant & machinery, Machinery, Molds Commercial & and Other ancillary Technical Know-how
Slide 17: Skills That Differentiate Us From Competition
Skills That Differentiate Us From Competition Out-Of-The- Consultative Value Box Thinking Approach Engineering Capability To Culture Handle PP, PE, HDPE, Strong Product Nylon & ABS Client Innovation For Diverse Relationships Product Range MITSU CHEM PLAST LIMITED 16
Slide 18: Management Team
Management Team MITSU CHEM PLAST LIMITED
Slide 19: Eminent Board of Directors
Eminent Board of Directors MR. JAGDISH DEDHIA MR. SANJAY DEDHIA MR. MANISH DEDHIA Chairman & Whole Time Joint Managing Director Joint Managing Director Director & Chief Financial Officer MR. DILIP GOSAR MS. NEHA HUDDAR MR. HASMUKH DEDHIA Non-Executive Non-Executive Non-Executive Independent Director
Slide 20: Management Supported By Well Experienced Professional Team
Management Supported By Well Experienced Professional Team Board Of Director MR. SANJAY DEDHIA MR. JAGDISH DEDHIA MR. MANISH DEDHIA (Joint Managing Director) (Chairman & Whole Time Director) (Joint Managing Director & Marketing & Product Development Production Chief Financial Officer) MR. PANKAJ GHA
Slide 21: Business Overview
Business Overview MITSU CHEM PLAST LIMITED
Slide 22: Emerging as a Promising Player in Plastic Molding Industry
Emerging as a Promising Player in Plastic Molding Industry MITSU CHEM PLAST LTD. posses strong capabilities in Injection Molding, Blow Molding and Custom Molding through Blow Molded Products Injection Molded Products product innovation and value engineering, the company has set new benchmarks in off
Slide 23: One Of The Widest Range Of Best In Quality Packaging Products
One Of The Widest Range Of Best In Quality Packaging Products Big Range of Small Containers & Industrial Containers 100 ML to 250 LTRS Industries That We Cater To Pharmaceuticals Agrochemicals Cosmetics Flavor & Fragrances FMCG Food Specialty Chemicals Pesticides Veterinary Chemicals Chemicals MITSU
Slide 24: Pioneer's In Hospital Bed & Ancillary Furniture
Pioneer’s In Hospital Bed & Ancillary Furniture Patented Solution For CPR Emergencies Hospital Bed Innovative concept of inbuilt CPR profile on the backside of the bow Over Bed Table Top Bed Side Locker Parts Furniture Parts for CPR emergencies Rescue & Safety Equipment MITSU CHEM PLAST LIMITED 23
Slide 25: Customized Furniture Solution Provider
Customized Furniture Solution Provider Plastic Chair Plastic Baby Plastic Corner Impressive aesthetics, robust Parts Car Seat Shell Support Cap design and durability has helped growth in this niche Business sections Bus Seat Plastic Stadium Front Cap Seat MITSU CHEM PLAST LIMITED 24
Slide 26: Custom Molded Automotive Components & Fuel Tank Assemblies
Custom Molded Automotive Components & Fuel Tank Assemblies Impressive aesthetics, robust design and durability has helped growth in this niche Business sections MITSU CHEM PLAST LIMITED 25
Slide 27: Injection Molding Offerings
Injection Molding Offerings Pregnancy Significant Capabilities In Injection CAPS Handle & Lugs Blue Spoon Test Kit Molding Ranging From 60 Tones To 450 Tones HIV Test Bungs Saridon Inhaler Casette MITSU CHEM PLAST LIMITED 26
Slide 28: Customized Infrastructure Furniture A Solution Provider
Customized Infrastructure Furniture A Solution Provider Customer with Understanding Client Brainstorm on the Design, Give Proposal with Design Die Customized demand Requirements in detail Concept & Technical aspects Design Casting Prototype Consignment Product Start Commercial Approval on the Sample
Slide 29: Blow Molding Production Process
Blow Molding Production Process Production orders receive- Order Start the Production process as per Requestion for BOM – Issue of BOB review – Prepare Production Plan. instructions. material to shopfloor. Material pushed thru a hot barrel & Raw material loaded in machine Put the raw material, screw
Slide 30: Injection Molding Production Process
Injection Molding Production Process Production orders receive- Order Start the Production process as per Requestion for BOM – Issue of BOB review – Prepare Production Plan. instructions material to shopfloor. Material pushed thru a hot barrel & Raw material loaded in machine Put the raw material ma
Slide 31: Financial Overview
Financial Overview MITSU CHEM PLAST LIMITED
Slide 32: Quarterly Performance Highlights YoY
Quarterly Performance Highlights YoY In ₹ Cr In ₹ Cr TOTAL INCOME PROFITABILITY 84.69 9.40 7.65 59.79 5.16 3.69 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Total Income EBITDA PAT MITSU CHEM PLAST LIMITED 31
Slide 33: Last Five Quarter Performance
Last Five Quarter Performance In ₹ Cr Particular Q1 FY23 Q4 FY22 Q3 FY22 Q2 FY22 Q1 FY22 Revenues 84.56 74.61 66.38 57.27 59.46 Other Income 0.13 0.09 0.12 0.61 0.33 Total Income 84.69 74.70 66.50 57.88 59.79 Expenses 75.15 66.33 61.12 52.78 51.81 EBITDA 9.40 8.27 5.26 4.49 7.65 EBITDA Margin 11.12%
Slide 34: Key Financials
Key Financials In ₹ Cr TOTAL INCOME EBITDA & EBITDA MARGIN PAT & PAT MARGIN 258.87 25.68 11.50 23.09 9.69 179.45 15.86 138.87 125.02 112.57 10.54 12.95 9.61 5.40 11.44 3.98 9.96 3.47 3.59 4.47 8.56 8.45 3.09 2.88 2.86 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Revenue
Slide 35: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particular FY18 FY19 FY20 FY21 FY22 Revenues 112.27 124.76 138.55 178.33 257.72 Other Income 0.30 0.26 0.32 1.11 1.15 Total Income 112.57 125.02 138.87 179.45 258.87 Raw Material costs 70.87 79.01 76.42 104.15 164.12 Employee costs 7.91 8.65 10.68 14.24 17.27 Other ex
Slide 36: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY18 FY19 FY20 FY21 FY22 Assets FY18 FY19 FY20 FY21 FY22 Equity 4.47 4.02 12.07 12.07 12.07 Non Current Assets Reserves 16.96 22.53 18.10 27.58 38.85 Fixed assets 29.14 56.76 59.68 61.00 62.51 Net Worth 21.43 26.55 30.18 39.65 50.92 Non-current investment
Slide 37: Key Ratios
Key Ratios In % In Times In ₹ IMPROVING RETURN RATIOS IMPROVING LEVERAGE RATIOS PER SHARE MATRIX 4.59 3.86 65.98 24.43 22.59 2.56 2.62 2.50 16.19 13.52 13.17 55.24 18.35 17.87 15.68 2.11 12.52 1.87 10.96 1.51 1.61 1.32 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 42.18 ROE ROCE Debt - Equity In
Slide 38: Operating Matrix
Operating Matrix In Days In ₹ Cr WORKING CAPITAL CYCLE OPERATING CASH FLOW 75.00 17.93 68.33 69.07 62.72 63.85 64.60 64.49 59.04 60.19 50.00 13.17 35.82 36.70 29.93 34.31 30.86 30.68 30.47 8.18 25.79 26.51 18.58 5.80 4.40 FY18 FY19 FY20 FY21 FY22 Creditors Day Inventory Days Debtors Day Net Operatin
Slide 39: Revenue & Production Matrix
Revenue & Production Matrix In Number In ₹ Cr TOTAL NO OF CUSTOMERS PRODUCT CATEGORY WISE REVENUE BREAKUP 216.11 1143 1022 151.38 121.74 581 35.98 14.62 2.18 19.94 7.01 5.62 FY20 FY21 FY22 FY20 FY21 FY22 Contianers Furniture Others In ₹ Cr In MT REVENUE FROM TOP 10 CUSTOMERS TOTAL PRODUCTION 192.75
Slide 40: Appendix
Appendix MITSU CHEM PLAST LIMITED
Slide 41: Stock Data
Stock Data BSE: 540078 | ISIN: INE317V01016 As on 08-08-2022 Corporate Actions Dividend (₹) Ex Date Bonus Date Share Price (₹) 269.85 0.50 19 Sep 2017 2:1 28 Jan 2020 Market Capitalization (₹ Cr) 325.78 0.50 23 Aug 2018 No. of Shares Outstanding (Cr) 1.20 0.50 19 Sep 2019 Face Value (₹) 10 0.20 01 S
Slide 42: Shareholding Data
Shareholding Data As on 30-06-2022 Shareholding Pattern Marquee Shareholders Name of Shareholder Holding Shares 25.16 Jaya Chandrakant Gogri 4,76,200 IDBI Mutual Fund 2,17,925 Chandrakant V Gogri 1,98,000 1.81 73.03 Promoter & Promoter Group Mutual Fund Non Institutions Source - BSE MITSU CHEM PLAST
Slide 43: Awards & Accolades
Awards & Accolades India SME 100 2015 Best SME of the year 2016 for Excellence in Healthcare SME India 100 SME 2019 Axis Bank innovation and invention (Hospital Equipment) Axis Bank jointly with India SME Chamber of India ET Polymers 2018 SME Forum Excellence in Healthcare (SME) Excellence in Medica
Slide 44: Thank You
THANK YOU Ms. Drishti Thakker Mr. Vastupal Shah MITSU CHEM PLAST LIMITED Kirin Advisors Private Limited 329, Gala Complex, 3rd floor 713-B, Lodha Supremus II, Din Dayal Upadhyay Marg, Wagle Estate, Mulund (W), Mumbai - 400 080. Thane (W) – 400 604. Phone: +91-22-25920055 Phone: +91 22 4100 2455 Webs