Bodal Chemicals Limited · NSE:BODALCHEM
Bodal Chemicals — H1 FY25 Earnings Presentation
39 slides from Bodal Chemicals's earnings presentation, Nov 14, 2024
Slide 1: Exchange submission cover letter
By Online Submission Sec/24-25/84 Date:14-11-2024 To, To, The General Manager, The General Manager, National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, 1st Floor, New Trading Ring, Plot no. C/1, G Block, Rotunda Building, P.J. Tower, Bandra-Kurla Complex Dalal Street, Fort Bandra (E), Mum
Slide 2: Bodal Chemicals Limited Investor Presentation - November 2024
Bodal Chemicals Limited Investor Presentation-November 2024
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bodal Chemicals Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Q2 & H1FY25 Highlights
Q2 & H1FY25 Highlights
Slide 5: Business Highlights
Business Highlights Rs 8,581 mn Rs. 746 mn Rs. -14 Mn H1FY25 Revenue EBITDA PAT • During the H1FY25, Company achieved total revenue of Rs. 8,581 mn, growth by 27% on YoY basis. This growth is led by improvement in Volumes of all products but majorly by dyes intermediates. The absolute EBITDA stood a
Slide 6: Performance Highlights
Performance Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 8.8% 8.7% Q2FY25 0.4% (0.1%) Margin 4,337 377 Q2 FY25 294 12 3,359 Performance -2 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 8.9% 8.7% 0.5% (0.2%) 8,581 747 H1FY25 6,772 604 Performance 35 -14 H1FY24 H1FY25 H1FY24 H1FY25 H1
Slide 7: Geographic Breakup
Performance Highlights H1 FY24 H1 FY25 Revenue Rs 6,456 mn Revenue Rs 8,352 mn 3% 7% 6% 5% Basic Chemicals 20% 19% Dyestuff Revenue Breakup Dye Intermediates 31% Caustic Soda 35% Others 34% 39% Geographic Breakup 74% 73% Domestc 26% Export 27% * On Consolidated basis –Sales of products excluding oth
Slide 8: Production Volume
Performance Highlights (Rs in mn) Basic Chemicals Dyestuff Dye Intermediates Chlor Alkali^ Revenue Breakup 472 3,275 441 2,586 2,266 2,208 1,550 1,717 1,293 208 234 1,118 1,237 1,193 770 597 Q2’24 Q2’25 H1’24 H1’25 Q2’24 Q2’25 H1’24 H1’25 Q2’24 Q2’25 H1’24 H1’25 Q2’24 Q2’25 H1’24 H1’25 *Revenue brea
Slide 9: Subsidiaries Performance
Subsidiaries Performance (Rs in mn) Sen-er Boya BCL China BCL Indonesia -38% 30% 88% Revenue 191 32 162 119 125 17 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 Particulars Sener Boya Bodal-China Bodal-Indonesia (Rs in mn) H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 Sales 190.8 119.2 125.3 161
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. In Mn) Q2FY25 Q2 FY24 Y-o-Y% H1 FY25 H1 FY24 Y-o-Y% Revenue from Operation 4,286.3 3,300.0 8,506.0 6,624.8 Other Income 50.7 59.3 75.4 147.1 Total Revenue 4,337.1 3,359.3 29.1% 8,581.3 6,771.9 26.7% Raw Material Consumed 2,281.7 1,695.3 4,530.9 3
Slide 11: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. In Mn) Q2FY25 Q2 FY24 Y-o-Y% H1 FY25 H1 FY24 Y-o-Y% Revenue from Operation 4,227.2 3,277.0 8,429.2 6,534.5 Other Income 48.2 61.1 60.2 97.6 Total Revenue 4,275.4 3,338.1 28.1% 8,489.4 6,632.1 28.0% Raw Material Consumed 2,256.5 1,698.0 4,508.0 3,33
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In Mn) Sep-24 Mar-24 Particulars (In Mn) Sep-24 Mar-24 ASSETS Equity & Liabilities Non-current assets 14616.1 14743.9 12770.3 12941.9 Equity 10828.9 10822.4 Property, Plant and Equipment Right of use of assets 52.9 59.1 Equity Share capital 251.9 251.6 Capital
Slide 13: Company Overview
\ \ tH, Company Overview _
Slide 14: A Leading Chemical Manufacturer
A Leading Chemical Manufacturer 3 7 Rs.14,194 mn Operating Manufacturing Decade Old Organization FY24 Consolidated Revenue Facilities 4% 9% Basic Chemicals 20% Dyestuff Dye Intermediates 70+ 10 34% Chlor Alkali Distributors Across India 6 Domestic + 4 Overseas Depots 33% Others Domestc 200+ 600+ 72%
Slide 15: Company Evolution
Company Evolution 1989 1993 - 1994 1997-2004 2006-2010 Incorporated as JK Acquired Unit II & Unit III 1997-Acquired two Units 2006-Listed on BSE via reverse merger Pharma at Unit II-A Name changed to Bodal 2004 -Acquired Unit I & with Dintex Dye Chem (Unit I) Chemicals Pvt. Ltd. Forward
Slide 16: Geographical Footprint
Geographical Footprint ~28% of Total revenue comes from exports 30+ Countries Global Presence North America Europe Rest of Asia Revenue Breakup India Domestic Export 100% 100% 100% 100% 100% South America 59 67 68 69 72 41 33 32 31 28 FY20 FY21 FY22 FY23 FY24 Note : Maps not to scale. All data , inf
Slide 17: Longstanding Clientele
Longstanding Clientele Dyestuffs Chlor Alkali Basic Chemicals Dye Intermediates 70+ 600+ Distributors Across India Customers 16
Slide 18: Experienced Board & Management Team
Experienced Board & Management Team Mr. Suresh J. Patel Mr. Bhavin S. Patel Mr. Ankit S. Patel Mr. Mayur Padhya Chairman & MD Executive Director Executive Director Chief Financial Officer Experience : 35+ years Experience : 20+ years Experience : 15+ years Experience: 28 Years Background : Backgroun
Slide 19: Awards & Certifications
Awards & Certifications Awards Certificates 2005-06 2016-17 Highest Self Manufacturing Turnover for Domestic and Export of Dyes and BCL has ISO 9001:2015 and ISO 14001:2015 certifications Received the prestigious Chemexcil Gold Award for Dye Intermediates from the Gujarat Dyestuffs Manufacture
Slide 20: Product Overview
Product Overview
Slide 21: Diversified Product Portfolio
Diversified Product Portfolio Existing Products New Products Additions Basic Chemicals Dye Intermediates Dyestuffs Chlor Alkali Benzene Derivative Sulphuric Acid Vinyl Sulphone & Reactive Dyes Caustic soda MCB Chlorosulphonic Acid Derivatives DCB Acid Dyes Chlorine Sulphur Trioxi
Slide 22: Manufacturing Value Chain
Manufacturing Value Chain Input Materials Basic Chemicals Dye Intermediates Dyestuffs TCCA End Use Industry Water Vinyl Sulphone + Derivatives Reactive Dyes Textiles Para Nitro Aniline Ice H Acid Beta Naphthol Steam DASA Sulphuric Acid Power Acid Dyes Leather FC Acid Sulphur Chloro Sulphonic Acid Ol
Slide 23: Manufacturing Facilities
Manufacturing Facilities Total 7 10 Depots In-house R&D Lab Total Employees Manufacturing Facilities * (Exclusive Distribution Warehouse) 3 - Vadodara, Gujarat 2 - Vadodara, Gujarat Domestic 2,000+ 6 - India 1 - Khambhat, Gujarat Contract Labours ~1,500 1 - China 1 - Rajpura, Punjab
Slide 24: Our Major Subsidiaries
Our Major Subsidiaries (Rs in mn) Company FY 24 Location Stake Details Name Revenue Bodal Chemicals Trading Trading & Marketing subsidiary for China and adjacent China 100% Rs. 299 mn Shijiazhuang Limited countries Sen-er Boya Kimya Tekstil Turkey 100% Rs.284 mn Standardizing, trading, and marketing
Slide 25: Key Growth Drivers
Key Growth Drivers Dyestuff Expansion TCCA Division Vinyl Sulphone –UP Unit Turkish entity Sener Boya Dyestuffs capacity of 30,000 Acquired 100% stake in Trion Vinyl Sulphone plant of 6,000 MTPA capacity has been Acquired ~ 100% stake to MTPA will be ramped-up Chemicals and amalgamated with strength
Slide 26: Our Key Strengths
Our Key Strengths 3 Decades of Presence Home grown player with deep understanding of Indian & Integrated Business Model global chemicals market Integrated business model leading to cost competitiveness and protection against commodity cycles In house R&D Facilities Well- equipped production fa
Slide 27: India's Edge in the Global Chemicals Market
India’s Edge in the Global Chemicals Market Industry Megatrends Structural Shift China +1 Unorganized players in the Dye Intermediates India is emerging as the next alternative and Dyestuffs Industry have been declining supplier for the global market Compliance Policy Changes in China Bodal’s Edge C
Slide 28: Next Level of Growth
tH, Next Level of Growth
Slide 29: Way Forward
Way Forward Lower cost of production Capacity rampup Economies of scale New client penetration Long term relationship with customers Ongoing internal efficiencies Superior quality Our Edge Rigorous integration 3+ decades of experience New greenfield expansion Diverse client base Higher focus on B2C
Slide 30: Responsible Corporate
H. Responsible Corporate
Slide 31: Environmentally Compliant
Environmentally Compliant Common Treated Effluent Operating Zero Discharge Effluent Spray Effluent Effluent Multiple Effect Solid Waste Discharge Access plants Location Site (Solid+ Dryer Plant Treatment Plant Treatment Plant, Evaporator Incinerator Plant VECL Cala Liquid+Air) (ESDP) (at GIDC) (MEEP
Slide 32: Pollution Control Systems
Pollution Control Systems Treats low load waste water Clarification Compliant with GPCB, CPCB norms Bio- degradation by AIS Effluent Treatment Plant (ETP) Capacity 500,000 liters / day Tertiary Poly system Chemical oxidation Online monitoring system Flocculation Installed world’s
Slide 33: Responding To Critical Issue
Responding To Critical Issue High costs involved in complying with environmental regulations Moreover, the rising industrial water and power rates are a concern. Key Challenges Scarcity of water can lead to insufficient supply affecting our production needs. The Chemical Industry is energy and
Slide 34: CSR Activities
CSR Activities Key Focus Areas Eradicating hunger, poverty and malnutrition Promoting healthcare and sanitation including contribution to the Swach Bharat Kosh Promoting education and enhancement of rural infrastructure Ensuring environmental sustainability Providing funds for construction
Slide 35: Financial Highlights
: | Financial Highlights
Slide 36: Financial Highlights
Financial Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 20,724 2,369 15,859 14,194 1,481 987 13,852 12,424 1,450 860 1,198 1,195 398 380 65 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 EBITDA Margin (%) PAT Margin (%) 10.7 9.6 6.3 11.4 9.1 8.4 4.8 3.
Slide 37: Key Ratios
Key Ratios Net Debt/ Equity (x) Return on Equity(%) Trending lower due to increasing 0.75 capital expenditure 0.53 0.63 9.2 9.4 0.34 0.17 4.1 3.5 0.6 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Return on Capital Employed (%) Net Working Capital Days Trending lower due to increasing capital exp
Slide 38: Segmental Performance
Segmental Performance Basic Chemical Dyestuffs Dye Intermediates Chlor Alkali (Rs in mn) Revenue Breakup 1,955 6,995 7,354 1,726 5,412 4,705 3,270 1,214 2,685 1,282 1,269 5,324 4,618 4,589 3,936 4,524 3,993 2,587 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY
Slide 39: Thank You
Thank You Contact Information Bodal Chemicals Ltd. CIN – : L24110GJ1986PLC009003 Mr. Mayur Padhya Chief Financial Officer Email – mayur@bodal.com www.bodal.com