Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — H1 FY2018 Earnings Presentation
30 slides from Shree Pushkar Chemicals & Fertilisers's earnings presentation, December 2017
Slide 1: Shree Pushkar Chemicals & Fertilisers Ltd. Investor Presentation December 2017
Shree Pushkar Chemicals & Fertilisers Ltd. Investor Presentation December 2017 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shree Pushkar Chemicals & Fertilisers Limited Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purch
Slide 3: H1FY18 Financial Highlights
H1FY18 Financial Highlights Total Revenue Consistently Improving Performance 22.7% Rs 174.42 Crs • Dyestuff contribution of 21.3% in revenue • Textile chemicals slowly catching up with demand EBIDTA Better operating leverage Rs 30.74 Crs 20.5% (Margin 17.6%) • Improved Product Mix PAT Performance in
Slide 4: Commissioned Additional Reactive Dyes Capacity in November 2017
Commissioned Additional Reactive Dyes Capacity in November 2017 Additional Capacity of 3000 TPA At same location, Lote Parshuram, Maharashtra Total Capacity of 6000 TPA, with a Quality Control Lab 4
Slide 5: H1FY18 Segmental Highlights
H1FY18 Segmental Highlights • Sustained contribution from Dyestuff segment to our revenues which has been on the Revenue Break up H1FY18 uptrend • Acid Complex Division continues to have higher captive utilization for Dye Intermediates in view of production of dyes 4.5% Dye Intermediates Acid Comple
Slide 6: Inorganic Expansion in Fertilizers
Inorganic Expansion in Fertilizers Acquired 100% equity of Kisan Phosphate Pvt Limited for Rs. 9+ Crores • Kisan Phosphate is in similar Existing Capacity at Lotte Parshuram Existing Capacity with Kisan Phosphates business segment in separate geographical region Product Capacity in MTA Product Capac
Slide 7: A Winning Formula…
A Winning Formula… Ramping up of higher margin Dyestuff Segment Products spread across 5 segments India’s largest manufacturer of K Acid Undertaken Backward & Forward Integration Single location plant at Lote Parshuram Textile Chemicals steadily catching up with demand Exports to world’s leading dye
Slide 8: Evolution of Our Business
Evolution of Our Business 1993 – 2004- 2011 – 2017 & Beyond 2003 2010 2016 • Commenced trading/imports • In 2011, began use of Spent acid With Introduction of textile • Recycling of effluents from Dye of chemical products & dye for manufacturing of SSP and chemicals we are gaining better Intermediat
Slide 9: Our Product Portfolio
Our Product Portfolio Our Products Constantly on the improvement Single Super Phosphate (SSP) Gamma Acid, K- Acid, R- based on market response with Soil Conditioner, Mixed granulated Sulphuric Acid, Oleum and Di- Calcium Phosphate Salt, Vinyl Sulphone, Meta over 30 different shades in fertiliser (NP
Slide 10: A Snapshot of Our Infrastructure
A Snapshot of Our Infrastructure Dyestuff & Dye Intermediates Product Capacity in MTA Reactive Dyes 3,000 + 3,000 Fertilizers 2,400 H-Acid +750 Others Product Capacity in MTA Vinyl 2,700 Sulphone +1,000 SSP 1,00,000 K-Acid 960 SOP 10,000 Product Capacity in MTA NPK 18,000 Acids 40,000 Gamma Acid 480
Slide 11: A One Stop Solution
A One Stop Solution All our Plants are at a single location, Lote Parshuram, Maharashtra… Unit 1 – Dye Intermediates Unit 2– Granulation Plant New Reactive Dyes Plant Unit 3 Unit 4 - SOP Sulphuric Acid Plant New Quality Testing Lab for Dyes … leading to operational and logistics efficiencies. 11
Slide 12: Persistent Focus on the High Margin Dyestuff Segment
Persistent Focus on the High Margin Dyestuff Segment Revenue (Rs. In Crs.) As a proportion of our Revenues 64.4 81.2 76.4 88.9 78.0 96.3 4.1% 9.1% 17.5% 18.7% 20.5% 22.0% Dyes Dye Intermediates Fertiliser Others 73.5% 68.2% 58.0% 56.3% 57.6% 54.3% Note – A certain amount of our Dye Intermediates wer
Slide 13: Our Foray into Dyestuff
Our Foray into Dyestuff Captive Consumption of Raw What are Reactive Dyes? Our Manufacturing Capacity Material • A class of highly coloured organic • Located at our Integrated Complex in • Additional Vinyl Sulphone Capacity of substances Lote Parshuram 1000 MTA commissioned in January 16 and commerc
Slide 14: An Overview of our Dye Intermediates Business
An Overview of our Dye Intermediates Business Revenue in Rs Crores Product offerings for Dyestuff +11% Manufacturers 201 196 165 170 Gamma Acid 128 Meta Ureido Aniline H- Acid FY13 FY14 FY15 FY16 FY17 Vinyl Sulphone K- Acid One of the few manufactures of wide range of dye intermediates in India wi
Slide 15: Our Fertilisers Division
Our Fertilisers Division Nitrogen Sulphate of Granular Single Soil Conditioner Phosphorus Potash (SOP) Calcium Chloride Superphosphate (SSP) Potassium (NPK) • The main raw materials • NPK fertilizer is primarily • Soil conditioner is a product • SOP is a preferred form • To utilize HCL for SSP are r
Slide 16: Our Marketing Partnerships
Our Marketing Partnerships NPK Fertiliser NPK is sold under Marketing tie-up with DCM Shriram Launched under the brand ‘Shriram Urja Mix’ in the state of Maharashtra SSP Fertilizer Exclusive marketing arrangement with DCM Shriram Chemical & Fertilizers for Single Super Phosphate in Maharashtra and K
Slide 17: Zero Waste Methodology – Creating Value
Zero Waste Methodology – Creating Value Gamma Acid B –Napthol K - Acid Meta Ureido Aniline R Salt Vinyl Sulphone Effluents Di Calcium Phosphate Sulpho VS H - Acid Effluents Effluents Chloro Sulphonic Acid Soil Conditioner Final Products SSP 17
Slide 18: Our Strengths
Our Strengths Fast Paced Growth in our Dyestuff Zero Waste Chemical Company Segment We do not incur large costs on effluent treatment Substantial increment in the contribution from Dyestuff due to our zero waste model Segment to our Revenue on a quarter on quarter basis Cost Efficiencies Low Financi
Slide 19: Growth Drivers for the Future
Growth Drivers for the Future Environmentally Conscious • A clean track record with no regulatory issues till date • Continue to recycle our effluents in Plans For Expansion our integrated model and minimize discharge • Reactive Dyes Capacity expanded to Working towards our Brand 6000 MTA We are lev
Slide 20: Latest Happenings of the Industry
Latest Happenings of the Industry The Dye & Dye Intermediates Industry largely caters to the Textile Industry and is concentrated in China, India and other smaller Asian Countries. The dominance by these countries is further driven by the fact that the global textile industry is also concentrated he
Slide 21: Client Profile
Client Profile Domestic Clients International Clients 21
Slide 22: Key Management
Key Management Punit Makharia Chairman & Managing Director A first generation entrepreneur, he holds a Bachelors in Commerce with a rich business experience of over 2 decades in dealing with chemical and dyes intermediates Gautam Makharia Dilip Shah R Purohit S N Sengupta Ratan Jha Associate Directo
Slide 23: Financials
Financials 23
Slide 24: Segmental Performance (Revenue)
Segmental Performance (Revenue) (Rs in Cr) +11% +13% 201.2 196.4 57.6 165.4 171.4 48.2 48.7 128.1 35.1 31.0 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 Dye Intermediates Fertilisers +7% +3% 16.3 6.1 6.0 5.8 5.2 5.3 10.3 10.2 7.7 7.7 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 Acid Comple
Slide 25: Key Financial Parameters
Key Financial Parameters (Rs in Cr) Margin % 13.2% 14.0% 11.9% 13.9% 17.3% +16% 315 +24% 54.4 267 251 210 31.8 34.9 177 29.4 23.3 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 Total Revenue from operations EBIDTA 10.9% 11.8% 10.6% 12.4% 15.5% 4.1% 4.9% 7.0% 8.9% 9.7% +26% 49.0 +43% 30.5 22.3 31.
Slide 26: Key Financial Parameters
Key Financial Parameters (Rs in Cr) Net Debt ROE % 21.1% 16.3% 15.7% 13.7% 13.7% 74 58 22 -8 -24 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-13 Mar-14 Mar-15 Mar-16* Mar-17 Net Debt to Equity ROCE % 24.9% 23.5% 19.6% 17.2% 1.4 14.8% 0.9 0.2 -0.1 0.0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-13 Mar-14 Mar-15
Slide 27: Quarterly Financial Highlights
Quarterly Financial Highlights Particulars (Rs. In Crs) Q2FY18 Q2FY17 Y-O-Y Q1FY18 Q-O-Q H1FY18 H1FY17 Y-O-Y Net Sales 96.38 78.95 77.57 173.95 142.12 Other Operating Income 0.00 0.00 0.47 0.47 0.00 Total Revenue from Operations 96.38 78.95 22.1% 78.04 23.5% 174.42 142.12 22.7% Cost of Material Cons
Slide 28: Historical Profit & Loss
Historical Profit & Loss Particulars (Rs. In Crs) FY17 FY16 FY15 FY14 FY13 Total Revenue 313.02 248.70 266.52 210.09 175.98 Other Income 2.11 2.54 0.29 0.28 0.59 Total Revenue from Operations 315.14 251.24 266.81 210.37 176.57 Raw Material 212.22 175.29 195.46 150.58 129.88 Employee Expenses 12.88 1
Slide 29: Balance Sheet
Balance Sheet Liabilities (Rs in Crs) Sep-17 Mar-17 Assets (Rs in Crs) Sep-17 Mar-17 Equity 209.46 192.99 Total Non Current Assets 140.33 136.94 Equity Share Capital 30.22 30.22 Property Plant & Equipment 120.02 123.13 Other Equity 179.24 162.77 Capital Work in Progress 7.76 0.00 Total Non Current L
Slide 30: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Shree Pushkar Chemicals & Fertilisers Ltd Strategic Growth Advisors Pvt. Ltd. CIN: U24100MH1993PLC071376 CIN: U74140MH2010PTC204285 Mr. S N Sengupta, Associate Director Mr. Rahul Agarwal / Ms. Nirali Shah sengupta@shreep
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