Nitin Spinners Limited · NSE:NITINSPIN
Nitin Spinners — Q2 & H1 FY24 Earnings Presentation
21 slides from Nitin Spinners's earnings presentation, Nov 10, 2023
Slide 1: Exchange filing cover letter for investor presentation
o@rdinq to Oeko{ex. Slqndord 100 9\trtr9\t NSL/SGl2O23-24 REF: Date: L0.t7.2023 ai BSE Ltd. National Stock Exchange of lndia Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street BandraKurla Complex, Mumbai- 400 001 Bandra (E), Mumbai- 400 051. Company Code - 532698 Company !D -
Slide 2: Nitin Spinners Limited Q2 & H1 FY24 Investor Presentation
Nitin Spinners Limited Q2 & H1 FY24 Investor Presentation
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Nitin Spinners 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 secur
Slide 4: Company Overview
Company Overview India’s Leading manufacturer of Cotton & Blended Yarn, Knitted Fabrics, Greige & Finished Woven Fabrics Strong Capabilities Established in 1992 Headquartered in Bhilwara (Rajasthan) Plants located at Bhilwara & Chittorgarh, Rajasthan H1 FY24 Revenue ~Rs. 1,354.5 Crs Global Presence
Slide 5: Management Commentary on Q2 & H1 FY24 Results
Management Commentary on Q2 & H1 FY24 Results Commenting on the results, Mr. Dinesh Nolkha – Managing Director said, “The overall performance across our product segments is encouraging. We have seen a steady uptick, and I'm pleased to report that our domestic markets are holding up well, particularl
Slide 6: Production and Sales Volumes
Production and Sales Volumes Q2 FY24 Q2 FY23 Q1 FY24 H1 FY24 H1 FY23 Production Yarn (MT) 21,824 12,330 18,959 40,783 29,021 Knitted Fabric 1,154 547 742 1,896 2,202 Woven & Finished Fabrics Griege Woven Fabric Production 8.79 6.68 9.0 17.79 13.68 (Mn Mtrs) Finished Fabric Production (Mn Mtrs) 8.0 5
Slide 7: Revenue Bifurcation
Revenue Bifurcation Q2 FY24 Q2 FY23 Q1 FY24 H1 FY24 H1 FY23 Products Rs. Crs % Rs. Crs % Rs. Crs % Rs. Crs % Rs. Crs % Yarn 517.3 70.2% 330.9 65.5% 409.8 66.4% 927.1 68.5% 791.7 65.2% Fabrics 177.9 24.1% 148.5 29.3% 162.6 26.4% 340.5 25.1% 349.8 28.8% Others 42.2 5.7% 26.4 5.2% 44.7 7.2% 86.9 6.4% 7
Slide 8: Profit and Loss Statement
Profit and Loss Statement Particulars (Rs. Crs) Q2 FY24 Q2 FY23 Q1 FY24 H1 FY24 H1 FY23 Total Revenue 737.40 505.88 617.12 1,354.52 1,214.71 EBITDA 81.98 57.02 76.10 158.08 165.96 EBITDA Margin (%) 11.12% 11.27% 12.33% 11.67% 13.66% Depreciation 24.41 21.90 23.03 47.44 43.68 Other Income 0.32 0.84 1
Slide 9: Balance Sheet Statement
Balance Sheet Statement Assets (Rs. Crs) Sept-23 Mar-23 Equity & Liabilities (Rs. Crs) Sept-23 Mar-23 Non-current assets 1,763.48 1,421.98 EQUITY 1,074.48 1,028.90 Property, Plant and Equipment 1,586.99 1,010.04 Equity Share Capital 56.22 56.22 Capital work-in-progress 156.07 340.26 Other Equity 1,0
Slide 10: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) 30-Sept-23 30-Sept-23 Operating profit before working capital changes 159.30 168.85 Changes in working capital 53.59 77.57 Cash generated from operations 212.89 246.42 Direct taxes paid (net of refund) -16.56 -20.57 Net Cash from Operating Activities 196.33
Slide 11: Strong Presence in Domestic & Major International Markets
Strong Presence in Domestic & Major International Markets ~56% of Total revenue comes from exports Global Presence 50+ Countries Revenue Breakup(%) CANADA ASIA USA CHINA Domestic 27 EUROPE 37 44 43 INDIA AFRICA BANGLADESH Export 73 63 56 57 S AMERICA FY21 FY22 FY23 H1FY24 AUSTRALIA 10
Slide 12: Two Decades And Counting…
Two Decades And Counting… Ventured into Ring Added 7,296 Spindles in Spinning by Installing Expansion of Open- June, 2021 Announced 14,112 Spindles Forward end Spinning by ~Rs.955 crs. worth Integration into Knitted Installation of 2,000 Completed Spinning expansion plans across all Fabric by Instal
Slide 13: Our Product Categories
Our Product Categories Wide Product Range & End-User Application Yarn Knitted Fabric Finished Woven Fabric 100% Cotton, Cotton Spandex Fabrics. 100% cotton and blended Single Jersey Poly/Cotton, Poly/Cotton Spandex Fabrics. Ring spun combed and carded Open width with Elastene RFD, Bleached, Dyed, Pr
Slide 14: Fully equipped to add customer value
Fully equipped to add customer value Well equipped R&D facility and pilot plants to offer wide range of samples Fully equipped to add R&D for developing value-added products has led to value creation for both global and domestic customer value client base Offering complete range of products that ful
Slide 15: Capacity Expansion across Segments
Capacity Expansion across Segments Capacity expansion at a total project cost of ~Rs. 955 crores Existing Post Capex Spinning (TPA) ) in Thousand 75 110 Knitted Fabric(TPA) in Thousand 9 11 Woven Fabric (Mn Mtrs) 30 40 Capacity expansion across all the segments – Spinning, Knitting, weaving and Fini
Slide 16: Strong Capacity profile built over the years…
Strong Capacity profile built over the years… Year wise Capacity Addition 72,480 Spindles 72,960 Spindles 76,992 Spindles 127488 Spindles 54 Weaving Machines 18 Knitting 14 Knitting 168 Weaving machines 72,96 Spindles 14 Knitting machines 264 Airjet Spinning Positions Total Capacities machines machi
Slide 17: Consistent Performance
Consistent Performance Rs. Crs CAGR FY18 FY19 FY20 FY21 FY22 FY23 (FY18-23) Revenue from 1,145 1,243 1,438 1,624 2,692 2,406 16% Operations EBITDA 155 178 170 257 652 176 14% PAT 52 64 24 69 326 165 26% ROACE 12% 9% 6% 11% 36% 12% - ROAE 13% 13% 5% 12% 37% 17% - Net Worth 417 483 494 563 876 1,029 2
Slide 18: Way Forward
Way Forward o Continue to innovative Geographical o Strive to maintain topline Top Line Growth Expansion growth momentum by and explore newer optimizing capacity utilization markets across the geographies DE-BOTTLENECKING Value Added o Look forward to enhance o Focus on debottlenecking our FACILITIE
Slide 19: Awards and Certificates
Awards and Certificates Awards Certificates TEXPROCIL Gold Trophy for the highest export The company is having all quality certification performance in Cotton Yarn-Counts 51s & as per International Standards above under Category I for the year 2020-21 Silver Trophy for the second highest export perf
Slide 20: CSR and Environment sustainability initiatives
CSR and Environment sustainability initiatives Major ESG and CSR initiatives by the company ESG Conservation of water by installing Zero liquid discharge system, Sewage water treatment plant and Rainwater Harvesting Initiatives Use of renewal energy by installation of solar roof top plant & solar wa
Slide 21: Company and Investor Relations Advisors contact
Company : Investor Relations Advisors : CIN: L17111RJ1992PLC006987 CIN: U74140MH2010PTC204285 Mr. P Maheshwari - CFO Ms. Manasi Bodas / Mr. Shogun Jain pmaheshwari@nitinspinners.com manasi.bodas.@sgapl.net/shogun.jain@sgapl.net +91 9821043510 / +91 7738377756 www.nitinspinners.com www.sgapl.net 20