S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — H1 FY20 Earnings Presentation
25 slides from S H Kelkar And's earnings presentation, Oct 25, 2019
Slide 1: Cover letter to stock exchanges
Keva, October 25, 2019 To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai — 400 001 Bandra (East), Mumbai — 400 051 Scrip Cod
Slide 2: S H Kelkar announces Q2 & H1 FY20 results
S H Kelkar and Company Limited Corporate Office: L.B.S Marg, Near Balrajeshwar Temple, Mulund (W), Mumbai – 400080 Registered Office: Devkaran Mansion, 36, Mangaldas Road, Mumbai 400 002. S H Kelkar announces Q2 & H1 FY20 results H1 FY20 Revenues from operations at Rs. 547.7 Cr, higher by 6% Fragran
Slide 3: Management commentary and key developments
Commenting on the performance, Mr. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We have reported a stable performance during the quarter despite subdued sentiments witnessed in the FMCG segment. In the domestic market, we saw increased client engagements in the exist
Slide 4: Promoter group revokes pledged shares and raises stake
A healthy operating environment along with the several cost-optimisation measures undertook by SHK should enable the Company to deliver a healthy financial performance and better profitability margins in the second half of the fiscal. Promoter group revoke pledged equity shares and hike stake in t
Slide 5: About S H Kelkar and Company Limited
About S H Kelkar and Company Limited: S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour Company in India. It has a long standing reputation in the fragrance industry developed in 96 years of experience. Its fragrance products and ingredients are used as a raw mate
Slide 6: S H Kelkar and Company Limited Q2 & H1 FY20
Crafting Sensorial Delight S H Kelkar and Company Limited Largest Indian-origin Fragrance & Flavour Company Q2 & H1 FY20 Earnings Presentation October 25, 2019
Slide 7: Disclaimer
Disclaimer Certain statements and opinions with respect to the anticipated future performance of SHK in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Such forward-lo
Slide 8: Q2 & H1 FY20 Results Overview
Crafting Sensorial Delight Q2 & H1 FY20 Results Overview
Slide 9: Management Comment
Management Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said: Comment “We have reported a stable performance during the quarter despite subdued sentiments witnessed in the FMCG segment. In the domestic market, we saw increased client engageme
Slide 10: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Y-o-Y Y-o-Y Particulars (Rs. crore) Q2 FY20 Q2 FY19 H1 FY20 H1 FY19 Change (%) Change (%) Revenues from Operations (Net of 276.2 282.1 -2% 547.7 518.1 6% excise) Other Operating Income 3.1 2.4 29% 5.9 3.8 55% Total Operating Income 279.3 284.5 -2% 553.7 521.9 6%
Slide 11: Key Developments
Key Developments Robust new business wins witnessed across new and existing large customers Despite a subdued environment, the Company is witnessing an improved traction in terms of order enquiries and leads in its core fragrance business from existing and new large sized FMCG customers, including
Slide 12: Key Developments
Key Developments Promoter group revoke pledged equity shares and hike stake in the Company during the quarter During the quarter, the promoter group released 55.5 lakh pledged shares o Owing to certain procedural formalities, balance 33,000 shares (representing 0.04% of the total promoter holding)
Slide 13: H1 FY2020 Financial and Operational Discussions (Y-o-Y)
H1 FY2020 Financial and Operational Discussions (Y-o-Y) Revenues from operations stood at Rs. 547.7 crore as against Rs. 518.1 crore, higher by 6% YoY Despite subdued sentiments in the FMCG market, the Company reported a stable performance in Q2 & H1 FY20 During Q2 FY20, the Company saw higher b
Slide 14: H1 FY2020 Financial and Operational Discussions (Y-o-Y)
H1 FY2020 Financial and Operational Discussions (Y-o-Y) PAT stood at Rs. 33.9 crore, lower by 27%; EPS at Rs. 2.40 Interest costs increased to Rs. 14.1 crore and Depreciation stood higher at Rs. 25.3 crore, primarily owing to the commissioning of new facility at Mahad and the adoption of new accou
Slide 15: Fragrance Division
Fragrance Division Net Revenue & Operating Profit 63 Fragrance division delivered a stable growth in 66 H1 Domestic Fragrance business reported a growth of 2% in H1 and overseas revenues grew by 20% 37 27 498 465 New wins in existing and new large customers in the domestic markets should 254 2
Slide 16: Flavour Division
Flavour Division Net Revenue & Operating Profit 6 2 Flavour division reported a subdued performance 6 3 during the period - domestic revenues came in lower by 28% in H1 led by a muted demand 28 53 21 environment 49 Operating profit was at Rs. 6 crore with margins Q2 FY19 Q2 FY20 H1 FY19 H1 FY20
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY AND LIABILITIES CONSOLIDATED CONSOLIDATED ASSETS CONSOLIDATED CONSOLIDATED As at 30th September As at 31st March As at 30th September As at 31st March Particulars (Rs. Crore) Particulars (Rs. Crore) 2019 (Unaudited) 2019 (Audited) 2019 (Unaudited) 2019 (Audited) Equ
Slide 18: Balance Sheet Snapshot – As on September 30, 2019
Balance Sheet Snapshot – As on September 30, 2019 Networth Fixed Assets Cash & Investments Net Debt 13 Note: Figures in Rs. crore
Slide 19: Cash Flow Snapshot
Cash Flow Snapshot H1 Particulars (Rs. crore) FY14 FY15 FY16 FY17 FY18 FY19 FY20 Cash flow from Operations 32.1 61.7 86.4 102.3 103.3 40.7 27.6 Cash flow from investing -63.7 -17.3 -22.4 -96.0 -220.6 -109.5 -12.8 activities Net -31.6 44.4 64.0 6.3 -117.3 -68.7 14.8 Note: Cash and cash equivalent inc
Slide 20: Robust Historical Financial Trend
Robust Historical Financial Trend Total Operating Income EBITDA 189 1,048 177 981 1,025 160 160 925 145 835 132 761 EBITDA Margin 19.0% 15.8% 17.1% 17.9% 18.0% 14.9% FY14 FY15 FY16 FY17 FY18 FY19 FY14 FY15 FY16 FY17 FY18 FY19 PAT Return on Net Worth & Return on Capital 105 Employed (%) 93 88 RONW RO
Slide 21: Key Financial Ratios
Key Financial Ratios Particulars (Rs. crore) FY14 FY15 FY16 FY17 FY18 FY19 EBITDA margin (%) 19.0 15.8 17.1 17.9 18.0 14.9 PAT Margin (%) 10.4 7.7 7.8 10.6 8.8 8.2 Debt to Equity 0.4 0.5 0.1 0.1 0.2 0.4 Return on Networth (%) 18.3 13.5 13.9 14.3 13.8 12.0 Return on Capital Employed (%) 21.0 17.6 21.
Slide 22: Annexure
Crafting Sensorial Delight Annexure
Slide 23: Conference Call Details
Conference Call Details S H Kelkar and Company Ltd.’s Q2 & H1 FY20 Earnings Conference Call Time • 11.00 AM IST on Wednesday, November 6, 2019 Primary dial-in number • +91 22 6280 1141 • +91 22 7115 8042 India Local access Number • +91 70456 71221 • (Available all over India) • Hong Kong: 800 964 44
Slide 24: About Us
About Us S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & For further information please contact: Flavour Company in India. It has a long standing reputation in the fragrance industry developed in 96 years of experience. Its fragrance products and ingredients are used as
Slide 25: Thank You
Crafting Sensorial Delight Thank You
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