Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — Q4 FY21 Earnings Presentation
43 slides from Shree Pushkar Chemicals & Fertilisers's earnings presentation, Jun 8, 2021
Slide 1: Revision in Investor Presentation cover letter
SHREE PUSHKAR CHEMICALS & FERTILISERS LTD. CIN: L24100MH1993PLC071376 (A Government of India Recoginsed Export House) ® ® An ISO 9001:2008 & 14001:2004 Certified Company 4 }) Office No. 301/302, 3rd Floor, Atlanta Center, Near Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai - 400063, India. Tel
Slide 2: Scalable & Sustainable: Q4 & FY21 Investor Presentation
SCALABLE & SUSTAINABLE Unique Zero Waste Company Shree Pushkar Chemicals & Fertilisers Limited Q4 & FY21 Investor Presentation
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shree Pushkar Chemicals & Fertilisers Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or
Slide 4: Index
Index Particulars Page no. Competitive Edge 4-15 ESG Initiatives 16-20 Company Overview 21-33 Financial Performance 34-41 SAFETY SOCIETY ECO-FRIENDLY ENVIRONMENTAL 3
Slide 5: Competitive Edge
Competitive Edge 4
Slide 6: Unique Positioning
Unique Positioning Fully - Integrated Strong Operating player Cash Flow Unique Zero Diversified Waste Company Product mix Turnaround Capacity Expansion Acquisitions Funded Capex from Environmental, Internal Accruals Social & Governance “One-stop shop” for the Textile Effects industry Fertilizers and
Slide 7: Fully - Integrated player
Fully - Integrated player Final Output Dye- Dyestuffs Fertilizers Others intermediates Inputs Purchased Effluents Generated Capture entire Value Chain B- Napthol Naphthalene R-Complex Spent Acid Used in the combination Meta Phenyl Aniline HCL Acetic Acid Diamine High Pressure Rock Phosphate Sulphur
Slide 8: Unique Zero Waste Company – A sustainable business model
Unique Zero Waste Company – A sustainable business model Meta Ureido Aniline Effluents - 1 Sulpho VS ✓ At Shree Pushkar, environment sustainability is not just compliance to laws it is more about our concern. As important as Business H - Acid growth Vinyl Sulphone ✓ Proactive organization emphasized
Slide 9: Capacity Expansions
Capacity Expansions Chemicals* (in. MTPA) Fertilisers (in. MTPA) ~2x ~3x 30,000 4,44,400 14,060 14,060 14,060 1,49,200 1,49,200 1,49,200 FY19 FY20 FY21 FY22-23E FY19 FY20 FY21 FY22-23E Capacities to be DOUBLED in Chemicals & TRIPLED in Fertilisers in the next 1-2 years. All capex funded through Inte
Slide 10: Capex funded through Internal Accruals
Capex funded through Internal Accruals… Zero Debt Company In-house Funding of Capex plans Non-Lien Deposits of ~ Rs. 59 crs Unit 5 & Madhya Bharat Plants Unit 1 & Unit 2 Acquisition of Dye-intermediates Solar Power Plant: Total Capex planned Madhya Bharat Revamp Unit 1: Unit 5: capex of Rs. 120 - 13
Slide 11: Alongside Generating Cash to Support Future Growth
…Alongside Generating Cash to Support Future Growth Sufficient cash generated over the years to fund the capex requirements & growth of the business Surplus Cash (Rs. in Crs) OCF / EBIDTA (%) 56 37 83% Cash generated to FY19 manage capex through 19 internal accruals 76 FY20 21 150% Self-sufficient b
Slide 12: Strong Operating Cash Flows
Strong Operating Cash Flows Operating Cash Flows (Rs. in Crs) OCF / EBIDTA (%) 75.6 150% 55.8 95% 41.2 83% 17.5 34% -4.7 -8% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Sustainable cash flow from operations, self sufficient for any further growth opportunities SAFETY SOCIETY ECO-FRIENDLY ENVIR
Slide 13: Net Cash Company
Net Cash Company Total Debt Cash & Cash Equivalents Net Cash 64.6 68.3 14.6 60.2 11.3 53.8 49.0 7.8 46.7 39.9 22.5 19.8 14.8 -6.8 -44.8 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Net cash company despite of continuous acquisitions and expansion over the years SAFETY S
Slide 14: Pan India Distribution
Pan India Distribution Presence in key states and near to major raw material suppliers Multi-location Manufacturing facilities for efficient supplies Near to End-use market –Customer’s for fertilizers & crop protection from our 14 offices across India Strategic located manufacturing units offering n
Slide 15: Diversified Product mix
Diversified Product mix Dye Animal Health & Dyestuff Fertilisers Acid Complex Nutrition Intermediates • Gamma Acid • Single Super Phosphate • Reactive Black • K- Acid (SSP) • Sulphuric Acid • Reactive Red, • R-Salt • Soil Conditioner, • Oleum • Di- Calcium Phosphate • Vinyl Sulphone • Nitrogen Phosp
Slide 16: Turnaround of Acquisitions
Turnaround of Acquisitions Revenue(Rs. Revenue (Rs.in inCrs) Crs) ❖ Acquired 100% in 2020 +15% 70.1 ❖ Engaged in the manufacturing of Single Super 62.0 Phosphate 51.7 45.6 Madhya Bharat Phosphates Pvt Ltd ❖ Acquisition was primarily done to grow and (MBPPL) strengthen the “Shree Pushkar” brand in on
Slide 17: ESG Initiatives
ESG Initiatives 16
Slide 18: Environmental, Social & Governance
Environmental, Social & Governance Company reduced 11% of Company reduced 15% of •Carbon/ Green House Gas energy consumption over the coal consumption over the last 5 years last 5 years emissions reduction by 7% Renewable energy – Water usage reduction – Reduction of Plastic 5.2 MW solar plant proje
Slide 19: Environmental, Social & Governance
Environmental, Social & Governance An Initiative towards Conservation of Resource Reduction in Energy Conservation of Water Reduction in Plastic Hazardous/Toxic Waste Consumption Consumed Consumption Management • Installed a captive power plant based • Substandard acidic effluents by- • Currently pa
Slide 20: Environmental, Social & Governance
Environmental, Social & Governance Provides Maternity leaves, Group Insurance, PF system & Gratuity Schemes Holds regular fire drills & safety drills for the employees & laborer's of the factory. provision for first aid on every site, & people are trained in case of an emergency The site also has an
Slide 21: CSR Initiatives
CSR Initiatives SHREE PUSHKAR FOUNDATION SHREE PUSHKAR FOUNDATION (“the Foundation”) registered under the Bombay Public Trusts Act, 1950 and was established in 2019 with a vision to boosting our CSR initiatives Company undertakes various initiatives such as education for under privileged, health and
Slide 22: Company Overview
Company Overview 21
Slide 23: Shree Pushkar Chemicals & Fertilisers at a Glance
Shree Pushkar Chemicals & Fertilisers at a Glance SHREE PUSHKAR thrives to take care of the people and the environment and strongly believe in the concept of ‘True Sustainability’ • Started manufacturing Dye Intermediates in 2001 and dyes in 2016, These factors that make us truly sustainable have Fu
Slide 24: Journey so far
Journey so far Commenced Trading Backward integration Started Manufacturing Forward Integration Launched ‘Dyecol’ ✓ Importing of chemical ✓ Started Manufacturing in- Single Super Phosphate ✓ Up the product value chain ✓ Our Range of Reactive Dyes products and dye house raw material and (SSP) & Soil
Slide 25: Chemical Business
Chemical Business Acid Complex Dye Intermediates Dye stuff Compound capable of Single product in 2001 to over 10 Own established brand of neutralizing alkalis products now Reactive Dyes • One of the leading manufacturer of reactive dyes • Wide portfolio under one roof like H-Acid, VS, K- primarily u
Slide 26: Chemical Business: Capacity and Revenue from Operations
Chemical Business Capacity Build up (MTPA) Dye Stuff 22,000 Dye Intermediates 8,060 8,060 8,260 8,260 8,260 8,260 8,000 4,910 6,000 6,000 6,000 6,000 6,000 3,600 0 2015 2016 2017 2018 2019 2020 2021 2022E Dye Intermediates* (Rs. in Crs) Dye Stuff (Rs. in Crs) Total (Rs. in Crs) Revenue from Operatio
Slide 27: Fertiliser Business
Fertiliser Business Among the Top 5 manufacturer of SSP in India Fertilisers ▪ Portfolio consists of more than 15 types of different grades of Fertilizers ▪ Own distribution and dealership network mainly in the states of Haryana, Punjab, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Mahar
Slide 28: World class Manufacturing facilities
World class Manufacturing facilities Strategically Located Manufacturing Plants… Unit 1: Acids, Dye Unit 2: Fertilizers SSP, NPK & Unit 3: Reactive Dyes & Dye Unit 4: Fertilizers SOP Intermediates & Animal Health Soil Conditioners Intermediates & Calcium Chloride & Nutrition Unit 5: Dye Intermediari
Slide 29: R&D Breakthroughs
R&D Breakthroughs • Fully integrated, research based, innovative chemical and fertilizers manufacturing Company having our own Research and Development team working relentlessly towards product development • Strong R&D team who strive to make all the difference with their specialized skills and dedi
Slide 30: Well balanced forward & backward integrated plant
Well balanced forward & backward integrated plant • Effectively manages its raw material and ensures a constant Integrated supply of consistent quality due Cost Efficiencies & to its vertical business Chemical Company integration Operating Leverage • Forward & Backward integration ensures continuous
Slide 31: Certifications
Certifications • “Bluesign” accreditation, which is recognized amongst the best in the world and the Company has earned the status of “System Partner” international environmental guidelines Certifications complying with local and • The BlueSign system is the solution for a sustainable textile produc
Slide 32: Experienced Board of Directors
Experienced Board of Directors • Holds a Bachelor’s degree in Commerce from Mumbai University and has more • He holds a Bachelor’s degree in Electronics and Telecommunications from Mumbai than 2 decades of experience in the chemical industry and specializes in the University and Master’s degree in B
Slide 33: Key Management Team
Key Management Team Mr. Punit Makharia Mr. Gautam Makharia Mr. Deepak Beriwala Mr. Dilip Shah Mr. R Purohit Chairman & Managing Director Jt. Managing Director CFO GM – Export Import GM Marketing–Fertilizer First generation entrepreneur, BE in Electronics and MBA from Chartered Accountant & Company h
Slide 34: Our Core Strengths: Our Expertise
Our Core Strengths: Our Expertise Inorganic Growth Fast Paced Growth in Pan India Presence Dyestuffs Low Financial Cost Efficiencies Leverage Zero Waste Business Own Power Generation Model Internal Logistics Fleet SAFETY SOCIETY ECO-FRIENDLY ENVIRONMENTAL 33
Slide 35: Financial Performance
Financial Performance 34
Slide 36: FY21 Operational Highlights
FY21 Operational Highlights Sales Volume Chemicals (MT) Fertilisers (MT) Total (MT) 20% 18% 18% Standalone 16,573 73,244 89,817 13,806 62,094 75,900 FY20 FY21 FY20 FY21 FY20 FY21 3% 44% 38% Consolidated 21,544 22,219 1,84,029 2,06,247 1,27,670 1,49,214 FY20 FY21 FY20 FY21 FY20 FY21 Despite slowdown
Slide 37: Q4FY21 Consolidated Financial Highlights
Q4FY21 Consolidated Financial Highlights Revenue (Rs. in Crs) Revenue EBIDTA (Rs. in Crs) EBIDTA PBT (Rs. PATin Crs) +31% +31% +59% 113.5 13.5 14.1 12.2 12.3 95.6 86.7 10.8 7.7 Q4FY20 Q3FY21 Q4FY21 Q4FY20 Q3FY21 Q4FY21 Q4FY20 Q3FY21 Q4FY21 Gross Profit Margins (%) EBIDTA Margins (%) PBT Margins (%)
Slide 38: FY21 Consolidated Financial Highlights
FY21 Consolidated Financial Highlights Revenue (Rs. in Crs) Revenue EBIDTA (Rs. in Crs) EBIDTA PBT (Rs. PATin Crs) +2.5% -14.1% -10.1% 346.3 354.9 50.3 39.9 43.2 35.9 FY20 FY21 FY20 FY21 FY20 FY21 Gross Profit Margins (%) EBIDTA Margins (%) PBT Margins (%) 38.1% 40.3% 14.5% 11.5% 12.2% 10.1% FY20 FY
Slide 39: Q4 & FY21 Consolidated Profit & Loss Statement
Q4 & FY21 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) Q4 FY21 Q4FY20 Y-o-Y Q3 FY21 Q-o-Q FY21 FY20 Y-o-Y Revenue from Operations 113.5 86.7 31.0% 95.6 18.8% 354.9 346.3 2.5% Cost of Materials Consumed 69.5 61.7 49.8 199.6 209.6 Changes in Inventories -0.6 -10.7 4.3 12.4 4
Slide 40: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Revenue from Operations 354.9 346.3 451.9 395.3 305.9 Cost of Materials Consumed 199.6 209.6 290.0 295.9 217.6 Changes in Inventories 12.4 4.8 12.6 -23.8 -5.4 Gross Profit 142.9 131.9 149.3 123
Slide 41: Consolidated Balance Sheet
Consolidated Balance Sheet Equity & Liabilities (Rs. in Crs) Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Assets Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Equity Share Capital 30.8 30.8 30.7 30.2 30.2 Property, Plant and Equipment 169.7 158.7 167.3 161.4 123.1 Other Equity 308.1 275.4 253.7 206.9 162.8 Capital Work-
Slide 42: Cash Flow Statement
Cash Flow Statement Cash Flow Statement Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Cash Flow from Operating Activities Profit before Tax 35.9 40.0 55.8 52.2 46.0 Adjustment for Non-Operating Items 7.7 10.7 11.0 9.5 5.9 Operating Profit before Working Capital Changes 43.5 50.7 66.9 61.7 51.9 Changes in Worki
Slide 43: Thank You
Thank You Company : Investor Relations Advisors : Shree Pushkar Chemicals & Fertilisers Limited Orient Capital (a division of Link Group) CIN: L24100MH1993PLC071376 Ms. Neha Shroff: +91 77380 73466 Mr. Deepak Beriwala- CFO neha.shroff@linkintime.co.in deepak@shreepushkar.com Mr. Sagar Shroff: +91 98
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