Bhagiradha Chemicals & Industries Ltd. · NSE:BHAGCHEM
Bhagiradha Chemicals & Industries — FY2025 Earnings Presentation
35 slides from Bhagiradha Chemicals & Industries's earnings presentation, May 29, 2025
Slide 1: Exchange cover letter: Investor Presentation
Ref: BCIL/SE/2025/42 May 29, 2025 To, To, The Secretary, The Manager, BSE Limited, Listing Department, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited, Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla, Mumbai - 400 001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code:
Slide 2: Bhagiradha Chemicals & Industries Limited Investor Presentation – May 2025
Bhagiradha Chemicals & Industries Limited Investor Presentation – May 2025
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bhagiradha Chemicals and Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or sub
Slide 4: Company Overview
BHAGIRADHA CHEMICALS Company Overview
Slide 5: Bhagiradha at a Glance
Bhagiradha at a Glance 30+ years establishment Manufacturing facilities Strong Customer base 2 manufacturing facilities at Andhra Pradesh Established in 1993 by visionary entrepreneur, (existing) & Karnataka (upcoming) Long-standing relationship of 10+ years late Sri. S. Koteswara Rao who was well w
Slide 6: Transformational Journey so far
Transformational Journey so far BCIL 1.0 BCIL 2.0 Growth Phase 1993 1993--2004 2004 2005 - 2011 2012 - 2019 2020 - 2025 FY04 FY11 FY19 FY25 Revenue: Revenue: Revenue: Revenue: 52 crores 60 crores 384 crores 441 crores ✓ Commencement of operations of wholly • 1993: Founded by Sri Koteswara Rao, • 200
Slide 7: Level of backward integration achieved
With Product Launches at Regular Intervals *Products Capability High Current Products Can be revived basis capacity availability Manufactured as a campaign Discontinued due to commercial reasons 32 2,6-dichloroaniline H Diafenthiuron I F I H I Acequinocyl Azoxystrobin H Triclopyr H Fipronil I 4 ADMP
Slide 8: and Established Customer Base
and Established Customer Base Customers 130 113 111 110 Relationship with 100+ Various partnerships for active customers with registrations in countries like 98 maximum customer USA, Brazil, EU etc retention 100+ 25+ FY21 FY22 FY23 FY24 FY25 Relationship of average tenure of Engage with various glob
Slide 9: Along with Strong Market Presence
Along with Strong Market Presence Presence in 20+ countries - Serving the farming communities worldwide Andhra Pradesh Manufacturing Plants in Andhra Pradesh & Karnataka (India) (Existing Plant) • No. of production blocks: 3 production blocks with 4 process lines • Capacity: 3,250 MT / p. a. • Capac
Slide 10: Bhagiradha's competitive edge
Bhagiradha’s competitive edge 9
Slide 11: R&D serves as a growth engine, backed by strong infrastructure
R&D serves as a growth engine, backed by strong infrastructure Well-established R&D centre – Approved by Department of Scientific and Industrial Research & Ministry of Technology and Science, Government of India R&D center, 8 Synthesis labs with Pilot and semi R&D Facility – Synthesis, Kilolab & Pil
Slide 12: Creating Entry Barrier: Backward Integration
Creating Entry Barrier: Backward Integration Future backward integration Backward integrated inputs ~4% ~14% Global Market Domestic Market Input 13 N-6 (A) N-5 (A) N-4 (B) N-3 (A) share share Input 14 Input 12 Input 11 Input 7 & 8 Input 4 Input 3 Input 9 & 10 N-3 (B) N-2 (A) N-1 (A) Product 1 Backwa
Slide 13: Environmentally Responsible & Validated by Customers & External Agencies
Environmentally Responsible & Validated by Customers & External Agencies Greenery around plant Audit by Reputed External Agencies Effluent Treatment Plant Electro Oxidation Plant • Zero Liquid Discharge (ZLD) ETP which • Effluent treatment process based on recycles water for reuse. ~30% of daily ele
Slide 14: BCIL 2.0 Growth Investment
BCIL 2.0 Growth Investment 13
Slide 15: Investment in Subsidiary
Investment in Subsidiary Bhagiradha Chemicals & Industries Limited (BCIL) Expansion Plan Bheema Fine Chemicals Private Limited Land size of 34 acres: 9,000 MT Higher level of (100% subsidiary) New manufacturing Installed capacity with 2 backward integration facility at Kadechur processing blocks for
Slide 16: will have Exponential Growth
will have Exponential Growth Expansion of Rs. 800+ crores in Phases Greenfield Capacity Expansion Allocation of Funds Backward Integration • Land & Building: ~190 crores New Product Introduction Direct infusion of Convertible equity from BCIL ~450+ crores • Plant & Machinery: ~540 crores Warrants ~
Slide 17: and Growth Strategies
and Growth Strategies ✓ Leveraging existing relationships to capture markets & adding new Increase level of backward Expand product portfolio by To be established as a Improve efficiency through customers through competitiveness integration in existing key developing and introducing sizeable and sta
Slide 18: Q4 & FY25 Result Highlights
Q4 & FY25 Result Highlights 17
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue: • Volume led growth Revenue From Operations EBITDA PAT • Average price realizations Rs. In Crores remained muted throughout the +8% -24% year for some of our products. -14% Steps have been taken to 18 441 43 optimize product mix to ensure 408 37 14 higher p
Slide 20: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. In Cr.) Q4FY25 Q4FY24 YoY Q3FY25 QoQ FY25 FY24 YoY Revenue From Operations 122.6 111.3 10% 102.7 19% 440.5 407.6 8% Cost of Raw Materials Consumed 83.7 66.0 61.8 278.1 246.6 Gross Profit 38.9 45.2 -14% 40.9 -5% 162.3 161.0 1% Gross Profit Margin
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. In Cr.) Mar-25 Mar-24 Equity & Liabilities (Rs. In Cr.) Mar-25 Mar-24 Non- Current Assets (A) 558.3 295.8 Equity (A) 682.2 413.7 Property, Plant & Equipment 238.2 213.7 Equity Share Capital 13.0 10.4 Capital Work in Progress 287.8 65.5 Other Equity 669.3 403.3
Slide 22: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. In Cr.) Mar-25 Mar-24 Net Profit Before Tax 25.2 26.9 Adjustments for: Non -Cash Items / Other Investment or Financial Items 10.9 15.0 Operating profit before working capital changes 36.2 41.9 Changes in working capital (81.8) (2.8) Cash generated fr
Slide 23: Management Commentary
Management Commentary “The full year FY25 marked a period of stable volume expansion, despite broader market challenges. However, pricing pressures persisted throughout the year, primarily due to oversupply from Chinese competitors. This was particularly evident in the fourth quarter, where select p
Slide 24: Key Business Updates
Key Business Updates • We have witnessed a strong volume recovery since Q2 FY25, driven by increased demand and market expansion • In Q3 FY25, our volumes growth has been near double digit compared to the same period last year, reflecting exceptional growth momentum FY25 Key Highlights • In Q4 FY25,
Slide 25: Thank You!
Company: Investor Relations Advisors: CIN: L24219TG1993PLC015963 CIN: U74140MH2010PTC204285 Mrs. Sharanya. M - Company Ms. Neha Shroff / Mr. Mayur Pednekar Secretary & Compliance Officer neha.shroff@sgapl.net / cs@bhagirad.com mayur.Pednekar@sgapl.net +91-40-42221212 / 42212323 / +91 77380 73466 / +
Slide 26: Annexure
BHAGIRADHA CHEMICALS Annexure
Slide 27: Founded by Well-recognised Scientist
Founded by Well-recognised Scientist • Late Sri Koteswara Rao was one of the well-recognized scientists in South India. His years of hard work, research and innovative mindset have spurred the growth and success of BCIL. • He held a postgraduate degree in Chemical Engineering from IIT Madras. • He s
Slide 28: Have Strong Leadership Team
Have Strong Leadership Team S. Chandrasekhar A. Arvind Kumar B. Krishna Mohan Rao Promoter & Managing Director Executive Director & CEO Chief Financial Officer • Inspired by his father and owing to his keen interest and • 20+ years of experience in the chemical industry including • Graduate in Arts
Slide 29: Experienced Board Members: Independent Directors
Experienced Board Members Independent Directors Kishor Shah GSV Krishna Rao Dr. G. Aruna Non-executive Chairman Independent Non-executive Director Independent Non-executive Women Director • Board member since 2018. • Board member since 2020. • Board member since 2020. • 30+ years of experience and r
Slide 30: Historical Performance
BHAGIRADHA CHEMICALS Historical Performance
Slide 31: Financial Snapshot
Financial Snapshot Revenue From Operations (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) 502 77 45 436 441 68 408 36 318 47 43 37 23 18 14 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Revenue Break-up (%) EBITDA (%) PAT (%) Export 3% 16% 9% 15% 15% 8% 7
Slide 32: Expense Snapshot
Expense Snapshot Capacity Utilization (%) Raw Material (% to Sales) Employee Cost (% to Sales) 89% 90% 63% 64% 62% 63% 9% 87% 60% 8% 85% 6% 6% 5% 72% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Power & Fuel Cost (% to sales) Other Expenditure (% to Sales) 10% 19% 10% 8% 8% 7% 11% 8% 8% 8% FY21
Slide 33: Key Ratios
Key Ratios Return on Capital Employed (%) Asset turnover ratio Working Capital (No. of Days) 22% 2.0 1.9 99 132 164 73 192 18% 19% days days days days days 1.5 1.4 1.3 7% 170 165 3% 144 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 122 Return on Equity (%) Debt to Equity Ratio 106 92 94 96 97 87
Slide 34: Corporate Action Update – Convertible warrants issued on preferential basis
Corporate Action Update – Convertible warrants issued on preferential basis Warrants issued in November 2023 Particulars Remarks No. of shares Issued & 25,61,425 Equity shares of Rs. 10/- each Subdivision of Shares: May 2024: Allotted Incl. premium of Rs. 1,322/- per share The existing equity shares
Slide 35: Capital Raise History
Capital Raise History Corporate Action Preferential Allotment Right Issue Preferential Allotment Total Issue Size Rs. 59 crores Rs. 84 crores Rs. 341 crores 341 84 59 17 19 15 2017-19 2022 2023-25 Total Issue size Promoters contribution Rs. In Crores Cumulative promoters participation is to the tune
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