Bhageria Industries Ltd. · NSE:BHAGERIA
Bhageria Industries — Q3 FY2021 Earnings Presentation
20 slides from Bhageria Industries's earnings presentation, Feb 3, 2021
Slide 1: Investor Presentation Cover Letter to Stock Exchanges
BHAGERIA INDUSTRIES LIMITED Tel. : 91-22-4043 6666 REGD. OFF.: OFFICE NO. 1002, 10TH FLOOR, TOPIWALA CENTRE, OFF S. V. ROAD. Email : info@bhageriagroup.com NEAR GOREGAON RAILWAY STATION, GOREGAON (WEST), MUMBAI - 400 062. Website : www.bhageriagroup.com CIN : L40300MH1989PLC052574 Date: February 3,
Slide 2: Bhageria Industries Ltd Investor Presentation Q3 & 9MFY21
Bhageria Industries Ltd Investor Presentation Q3& 9MFY21
Slide 3: Q3 & 9MFY21 Performance Highlights
Q3 & 9MFY21 Performance Highlights 2
Slide 4: Consolidated Profit & Loss Statement – Q3 & 9MFY21
Consolidated Profit & Loss Statement – Q3 & 9MFY21 Rs Cr Q3FY21 Q3FY20 % Change 9MFY21 9MFY20 % Change Net Sales 113.6 104.8 8.4% 271.5 314.6 -13.7% -Chemical 105.3 97.7 249.1 283.1 -Solar 7.5 7.1 21.6 21.7 - Others 0.8 - 0.8 9.9 Cost of Goods Sold 56.3 64.2 -12.2% 146.3 191.3 -23.5% Employee Benefi
Slide 5: Consolidated Balance Sheet – 30th Sep'20
Consolidated Balance Sheet – 30th Sep’20 Rs Cr Sep'20 Mar’20 Rs Cr Sep'20 Mar’20 Share Capital 21.8 21.8 Fixed Assets incl. CWIP 343.6 349.4 Reserves 389.1 380.4 Non-Current Investments 0.4 0.4 Shareholders' Funds 410.9 402.2 Long Term Loans & Advances 8.5 5.7 Deferred Tax Liabilities 40.6 43.1 Tota
Slide 6: Long term debt free
Long term debt free Financials in Rs Cr 144.9 Long term solar debt Working capital loan Short term solar debt 86.9 83.4 38.7 52.6 34 23 20.6 10.7 15.1 5.4 Mar'17 Mar'18 Mar'19 Mar'20 Sept'20 5
Slide 7: Completed Phase-1 of planned brownfield capex of Rs 120 cr
Completed Phase-1 of planned brownfield capex of Rs 120 cr Phase 2: Phase 4: Phase 1: Phase 3: Expansion of the Manufacturing of Backward Enhancing power basket of Dye Pigments integration capacities Intermediates Intermediates » 300 TPD of Sulphuric » 4,500 MTPA capacity » Increased power Acid & De
Slide 8: Company Overview
Company Overview 7
Slide 9: Factors that differentiate us
Factors that differentiate us Leading manufacturer of Dye One of the top 3 producers of Backward integrated into Intermediates H-Acid & Gamma Acid in acid manufacturing ~14,000 TPA capacity India 300 TPD Sulphuric Acid Capacity Operational Strengths Achieving optimum capacity Zero discharge Shipping
Slide 10: Highly profitable core chemical business
Highly profitable core chemical business EBITDA Margins – Chemical biz ROCE of chemical Segment – 27.7% Company Chemical Biz. 25.0 Rs Cr 21.8 FY20 FY20 20.1 Net Sales 414 373 EBITDA 98 81 EBITDA margin 23.6% 21.8% FY18 FY19 FY20 Depreciation 23 6 » High capacity utilization – 95%+ EBIT 81 76 » Sourc
Slide 11: Supplemented by a stable annuity solar business
Supplemented by a stable annuity solar business » 25 year PPA with Solar Energy » 25 year PPA with Asahi India Corporation of India (SECI) Glass Ltd, TRIL Ltd, Lucas Ltd & 30MW solar project 4MW rooftop in Maharashtra » Capacity - 30MW solution Kajaria Ceramics Ltd (commissioned in » Tariff – Rs 4.4
Slide 12: Giving back to stakeholders
Giving back to stakeholders Dividend (% of Face Value) 110.0% 100.0% 97.5% Shareholders: 60.0% Consistent Dividend 50.0% 50.0% 35.0% Payout 2014 2015 2016 2017 2018 2019 2020 Health & Safety Education Medical Care Society: Installed water purification Contribution for Expansion of Donated cataract o
Slide 13: Promoters with significant industry experience
Promoters with significant industry experience Suresh Bhageria Chairman • Has experience of more than 30 years in the Dyes & Dyes Intermediates Industry of Drugs and Pharmaceuticals • Holds a degree in Bachelor of Commerce Vinod Bhageria Managing Director • Has experience of more than 30 years in th
Slide 14: Represented by a robust board of directors
Represented by a robust board of directors S P Tulsian Mukund Chitale Independent Director Independent Director A renowned market analyst with over 3 decades A renowned CA with over 40 years of of experience experience Ameya Jadhav Independent Director Experience of more than 10 years in teaching an
Slide 15: Outlook for the future
Outlook for the future In 2 Today Years Expansion of current dye intermediaries to A prominent dye intermediate player; include new chemicals such as J-acid/Tobias – backward integration completed in FY20 ~Rs 25 crores Increasing power capacities at existing Strong operational margins with efficient
Slide 16: Historical Financials
Historical Financials 15
Slide 17: Growth with operational efficiency
Growth with operational efficiency Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 462 71 414 125 66 367 98 80 40 FY18 FY19 FY20 FY18 FY19 FY20 FY18 FY19 FY20 EBITDA Margin (%) PAT Margin (%) 27.0% 23.6% 21.8% 15.5% 15.9% 11.0% FY18 FY19 FY20 FY18 FY19 FY20 16
Slide 18: High returns and low debt
High returns and low debt Return on Equity (%) Return on Capital Employed (%) Total Debt/Equity (x) 28.4% 22.4% 22.3% 19.2% 17.7% 14.4% 0.28 0.07 0.05 FY18 FY19 FY20 FY18 FY19 FY20 FY18 FY19 FY20 • ROCE = EBIT/ Capital Employed (Equity + Short & Long Term Debt • ROE = Net income/ Shareholders Equity
Slide 19: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Rs Cr FY20 FY19 FY18 Net Sales 414 462 367 -Chemical 373 429 349* -Solar 31 33 24* - Other 10 - - Cost of Goods Sold 244 271 218 Employee Benefit Expense 16 13 13 Other Expenses 56 53 57 Total Expenses 316 338 287 EBITDA 98 125 80 EBITDA margin 23.6% 27.0% 21.8%
Slide 20: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bhageria Industries 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
Bhageria Industries — Q3 FY2021 Earnings Presentation on 6ix