Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q4 FY2020 Earnings Presentation
21 slides from Sirca Paints India's earnings presentation, Jul 1, 2020
Slide 1: Submission of Investor Presentation to NSE
SIRCA PAINTS INDIA LIMITED (Formerly known as Sircolor Wood Coatings Pvt. Ltd.) Regd. office : Plot No-50, Badli Industrial Area, Phase-2, New Delhi-110042 Ph.: 011-42083083 / 47533213 Email : info@sircapaints.com Web.: www.sircapaints.com CIN NO: L24219DL2006PLC145092 TO, LISTING DEPARTMENT NATIONA
Slide 2: Q4 & FY20 Earnings Presentation
01 SIRCA PAINTS INDIA LIMITED Q4 & FY20 Earnings Presentation NSE: SIRCA | Bloomberg: SIRCA:IN | CIN: L24219DL2006PLC145092
Slide 3: Q4FY20 Result Discussion
Q4FY20 Result Discussion Sirca Paints India Limited Result Presentation
Slide 4: Profit & Loss Summary
02 Profit & Loss Summary Q4FY20 (Audited) Result (In Crores) Particulars Q4FY20 Q3FY20 Q4FY19 Y-O-Y% 0.4% Q4FY20 Revenue from Operations at 32.06 Crores as compared to 31.94 Revenue from Operations 32.06 33.47 31.94 0.4% Crores in Q4FY19 Total Income 32.73 34.29 34.76 -5.8% Total Operating Expenses
Slide 5: Balance Sheet Summary
03 Balance Sheet Summary Q4FY20 (Audited) Result (In Crores) Particulars FY2020 FY2019 Y-o-Y% Shareholders Fund 184.65 167.84 10.0% Non Current Liabilities 0.18 0.48 -63.2% Current Liabilities 24.98 22.45 11.3% Total 209.82 190.79 10.0% Non Current Assets 52.83 36.74 43.8% Current Assets 154.13 154.
Slide 6: Cash Flow Summary
04 Cash Flow Summary Q4FY20 (Audited) Result (In Crores) Particulars FY2020 FY2019 Y-o-Y% Operating profit/(loss) before working capital changes 33.12 33.92 -2.4% Net cash (used in)/generated from operating activities -7.56 12.34 -161.3% Net cash (used in)/generated from investing activities 4.81 -7
Slide 7: FY20 Result Discussion
FY20 Result Discussion Sirca Paints India Limited Result Presentation
Slide 8: Profit & Loss Summary
06 Profit & Loss Summary Q4FY20 Result Particulars FY2020 FY2019 Y-o-Y% 16.3% FY20 Revenue from Operations at 135.05 Crores as compared to 116.17 Revenue from Operations 135.05 116.17 16.3% Crores in FY19 Total Income 140.66 122.35 15.0% Total Operating Expenses 103.26 84.31 22.5% 0.2% FY20 EBITDA a
Slide 9: Management Commentary
07 Management Commentary Q4FY20 Result Discussion 31, 2019. A significant increase in inventories is attributable The company has been able to manage the trade receivables to a) Increased level of raw materials in Q3FY20 due to despite major payments getting deferred in the second half of As a commo
Slide 10: Impact of COVID19, Launch of Products, Hygiene Plus
08 Impact of COVID19 After a considerably disrupted Q1FY21; the company is the paint industry, which is a growing trend that was observed confident of achieving sales at par with the pre-COVID levels currently. The company plans to principally cater to the demand All domestic operations were disrupt
Slide 11: Promotional Activity
09 Promotional Activity Recent Events participated: ABID Kolkata India Wood Bangalore Merrut Architect Association Seminar cum Building Material Exhibition Sirca Paints India Limited Result Presentation
Slide 12: Company Overview
Company Overview Sirca Paints India Limited Result Presentation
Slide 13: About Us
11 About Us • Incorporated by Mr. Sanjay Agarwal and Mr. Gurjit Singh Bains in 2006 as ‘Sircolor Wood Coatings Private Limited’. • We deal prominently in premium wood, glass, metal coating products under the brand name ‘Sirca’. • We have an exclusive tie-up with Sirca S.p.A (Italy) for distributing
Slide 14: Company Snapshot
12 Company Snapshot Among the leading Exclusive tie-up with Market leader in North 2 Manufacturing premium wood coatings Sirca S.p.A Italy for India Facilities player in India Bangladesh, Nepal, Sri Lanka and India OEM vs Retail Revenue Number of dealers – 1629 Team Size – 327 Virtually Debt-Free Mi
Slide 15: Product Portfolio
13 Product Portfolio Entire range of product portfolio available to our channel partners 1. Wood Coatings • Wood Stains New Additions through Manufacturing Facilities • Polyurethane Polish (PU) • Melamine • Polyester (Lamination) • Economical PU • Acrylic Finishes • NC Products • UV Products • Thinn
Slide 16: Customer Segments
14 Customer Segments OEMs Retail 30% revenue contribution. 70% revenue contribution. Key clientele includes: Godrej, Jindal Strong dealer network of 1629 dealers. Stainless, Indoline, Space Wood, Pyramid, MAS Furniture, Alsorg, Soundarya Growth strategy: Decorators etc. 1. Chain of studios being ope
Slide 17: Capex
15 Capex • The company has recently, in November’2019, commissioned a manufacturing facility for NC, Melamine, Economical PU products and PU thinner at Rai, Sonipat (NCR). • This unit has been established with a total CAPEX of ~33.20 Crores, as a primary ‘object of issue’ of our initial public offer
Slide 18: Financial Summary: Profit & Loss Statement
16 Financial Summary Profit & Loss Statement (In Crores) Particulars FY16 FY17 FY18 FY19 FY20 Revenue from Operations 70.54 82.51 89.22 116.17 135.05 Total Income 72.66 84.34 93.57 122.35 140.66 Total Operating Expenses 60.91 62.30 63.26 84.31 103.26 EBITDA (Excluding OI) 9.63 20.21 25.96 31.86 31.7
Slide 19: Financial Summary: Balance Sheet
17 Financial Summary Balance Sheet (In Crores) Particulars FY16 FY17 FY18 FY19 FY20 Shareholders Fund 20.42 34.12 67.63 167.84 184.65 Non Current Liabilities 0.23 0.02 0.33 0.48 0.18 Current Liabilities 24.41 27.14 26.57 22.45 24.98 Total 45.07 61.31 94.56 190.79 209.82 Non Current Assets 4.94 9.94
Slide 20: Contact Us
18 Contact Us Mr. Chahat Mahajan Company Secretary and Compliance Office Sirca Paints India Limited cs@sircapaints.com Mr. Sayam Pokharna Integrated Reporting Advisor The Investment Lab sayam@theinvestmentlab.in Sirca Paints India Limited Result Presentation
Slide 21: Disclaimer
19 Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after th