Bsl Ltd · NSE:BSL
Bsl — Q3 FY2023 Earnings Presentation
30 slides from Bsl's earnings presentation, February 2023
Slide 1: Q3 & 9MFY23 Investor Presentation
Q3 & 9MFY23 Investor Presentation BSL 514045
Slide 2: Safe Harbor
SAFE HARBOR This presentation has been prepared by BSL Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situation, or informational need of any particular person. This presentation may not be copied, distributed, or disseminated, directly o
Slide 3: Table of Content
TABLE OF CONTENT Q3 & 9MFY23 FINANCIAL PERFORMANCE 01 DRIVERS OF GROWTH 02 COMPANY PROFILE 03 ESG INITIATIVES 04 MANAGEMENT TEAM 05 ANNEXURE 06 03 Investor Presentation || Table Of Content Q3FY23
Slide 4: Q3 & 9MFY23 Financial Performance
Q3 & 9MFY23 FINANCIAL PERFORMANCE
Slide 5: Chairman Message
CHAIRMAN MESSAGE Commenting on the results, Mr. Arun Churiwal, Chairman of BSL Limited said, “BSL Limited has demonstrated remarkable toughness and stability during challenging times, delivering outstanding results even during the typically weak seasons for India's textile sector. In the first three
Slide 6: Managing Director Message
MANAGING DIRECTOR MESSAGE Commenting on the results, Mr. Nivedan Churiwal, Managing Director of BSL Limited said, “BSL Limited has shown incredible resilience and fortitude in the face of a challenging global economy. Despite the difficulties faced by major consumer markets and economic uncertainty,
Slide 7: Financial Performance: Q3 FY23
FINANCIAL PERFORMANCE: Q3 FY23 Revenue Gross Profit & Gross Profit Margin % ₹ in Cr 60.5% 51.9% 49.1% Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 EBITDA & EBITDA Margin % PAT & PAT Margin % 13.8% 4.9% 9.4% 9.9% 3.8% 2.3% Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 07 Investor Presentation || Financial P
Slide 8: Financial Performance: 9M FY23
FINANCIAL PERFORMANCE: 9M FY23 Revenue Gross Profit & GP Margin % ₹ in Cr 12.3% 14.7% 52.5% 53.6% 9MFY22 9MFY23 9MFY22 9MFY23 EBITDA & EBITDA Margin % PAT & PAT Margin % 28.0% 45.6% 3.7% 9.5% 10.9% 2.9% 9MFY22 9MFY23 9MFY22 9MFY23 08 Investor Presentation || Financial Performance Q3FY23
Slide 9: Quarterly Key Highlights
QUARTERLY KEY HIGHLIGHTS ❑ Total revenue at ₹107.9 Crore down (3.3%) YoY during the quarter & ₹353 Crore in 9MFY23 up 12% YoY ❑ EBITDA during the quarter stood at ₹14.9 Crore with an EBITDA Margin of 13.8%, up 41.5% YoY ❑ EBITDA Margin expanded +440 bps in Q3FY23 & +140 bps in 9MFY23 ❑ PAT ₹5.3 Cror
Slide 10: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE ₹ in Cr Revenue Gross profit & GP Margin% 49.1% 51.0% 51.6% 51.3% 47.9% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 EBITDA & EBITDA Margin% PAT & PAT Margin% 2.6% 9.4% 9.5% 8.1% 7.9% 7.9% 0.3% 0.4% 0.4% 0.2% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 10
Slide 11: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE ROCE RONW Fixed Asset Coverage Ratio In times FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Net Working Capital ₹ in Cr Net Debt ₹ in Cr Net Debt to Equity FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 11 Inve
Slide 12: Drivers of Growth
B DRIVERS OF GROWTH
Slide 13: Drivers of Growth
DRIVERS OF GROWTH 1. Robust Demand 2. Support Govt. policy 3. China +1 strategy 4. Investments Plan 5. Aggressive Marketing ▪ In 2021, the Indian textile & ▪ India is working on getting a Free ▪ China Plus One sentiment ▪ BSL is going to increase its ▪ BSL Limited’s marketing strategy is apparel ind
Slide 14: Company Profile
B COMPANY PROFILE
Slide 15: About BSL
ABOUT BSL Manufacturer of an extremely diverse range of textile products ranging from synthetic, worsted, and now cotton yarn to synthetic & worsted suiting's and a variety of furnishing fabrics. Formed in 1971 and growing from strength to strength. South Asia’s leading supplier of furnishing fabric
Slide 16: Company Profile
COMPANY PROFILE MILESTONE CAPACITY ▪ The company took decisive step to venture into furnishing Mid 2000’s Production fabrics and over the last decade or more, this has been the Particulars Capacity biggest growth engine for success story for the company. 174 Fabrics Looms ▪ The Company was the first
Slide 17: Business Verticals – Suitings
BUSINESS VERTICALS – SUITINGS BSL PROVIDES FINEST PREMIUM SUITING FABRICS FOR BOTH DOMESTIC & EXPORT MARKETS PV FABRICS PW FABRICS TR FABRICS 17 Investor Presentation || Company Profile Q3FY23
Slide 18: Business Verticals - Furnishings
BUSINESS VERTICALS - FURNISHINGS The New Benchmark From Soft Furnishing Fabrics To Upholstery Fabrics & Exquisite Silk Fabrics Offers A Wide Range Of Premium Furnishing CURTAIN FABRICS FURNITURE FABRICS SILK FABRICS 18 Investor Presentation || Company Profile Q3FY23
Slide 19: Business Verticals - Yarns
BUSINESS VERTICALS - YARNS THE YARNS DEFINE FABRICS POLY VISCOSE VORTEX YARN YARN POLY WOOL COTTON YARN YARN The highest quality fabrics begin with yarn that comes from a state-of-the-art manufacturing facility. Made of different materials, color patterns, gauges, and weights, our yarns are a testam
Slide 20: Strong Parentage
STRONG PARENTAGE ELECTRODES POWER CONSULTANCY ▪ Indo Canadian Consultancy Services Limited ▪ HEG Limited POWER TEXTILES ▪ Balephi Jal-Vidyut Co. P. Limited - Nepal ▪ BSL Limited ▪ NJC Hydro Power Limited ▪ Maral Overseas Limited ▪ AD Hydro Power Limited ▪ RSWM Limited ▪ Bhilwara Energy Limited ▪ Bhi
Slide 21: ESG Initiatives
B ESG INITIATIVES
Slide 22: Environment
ENVIRONMENT M.E.E. – Multiple Effect Evaporator and R.O. Plant Agro-Fuel – From July’22 onwards, in line with Global Sustainability Initiatives, the fuel system for both Boiler & Thermopack is being changed to Agro-Fuel instead of Fossil Fuels. Z.L.D. – Zero Liquid Discharge and E.T.P. – Effluent Tr
Slide 23: Social
SOCIAL Corporate social responsibility is also called corporate conscience, corporate citizenship, social performance, or sustainable business. It is a form of corporate self regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business
Slide 24: Governance
GOVERNANCE Internal Control Systems • The Company has adequate Internal Control Systems, commensurate with the size, scale and complexity of its operations. • The Audit committee quarterly reviews the Executive summary on the internal audit findings along with the recommendations and management comm
Slide 25: Management Team
B MANAGEMENT TEAM
Slide 26: Management Team
MANAGEMENT TEAM Shri Arun Churiwal Shri Nivedan Churiwal Shri Praveen Jain Chairman Managing Director Director Operations B.A. (Hons), 50 years of experience B.Com, 23 years of experience F.C.A., F.C.S., F.C.M.A., 33 years of experience 26 Investor Presentation || Management Team Q3FY23
Slide 27: Board Members
BOARD MEMBERS Shri Arun Churiwal Shri Praveen Jain B.A. (Hons), 50 years of experience F.C.A., F.C.S., F.C.M.A., 33 years of experience Shri Nivedan Churiwal Shri J. C. Laddha B.Com, 23 years of experience F.C.A. (Hons), 45 years of experience Shri Ravi Jhunjhunwala OUR Mrs. Abhilasha Mimani M.B.A.,
Slide 28: Achievements
ACHIEVEMENTS Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2018 - 19 Golden Trophy Best Overall Export Performance - Export of Natural Silk Goods 2017 - 18 Silver Trophy Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2017 - 18 Golden Trophy Be
Slide 29: Thank You!
Thank You! GET IN TOUCH WITH US BSL Limited Investor Relation Consultancy: Shri Nivedan Churiwal Rik Consultancy & Advisory Services LLP Managing Director Mr. Ritesh S Singh E: nivedan@bslltd.com M: +91 8329 385762 E: ritesh.singh@rikcapital.in
Slide 30: Annexure
ANNEXURE Profit & Loss Statement ₹ in Cr Period Q3FY23 Q3FY22 Q2FY23 9MFY23 9MFY22 FY22 Total Income 108.0 111.6 132.9 353.7 315.5 437.3 (Incl. other income) Raw Material Cost 58.1 60.2 63.6 187.8 158.2 225.0 Employee Cost 19.2 17.4 19.4 57.2 51.1 68.5 Power Cost 11.4 12.5 12.7 36.7 33.0 45.5 Other