Bhageria Industries Ltd. · NSE:BHAGERIA
Bhageria Industries — Q3 FY2018 Earnings Presentation
24 slides from Bhageria Industries's earnings presentation, Feb 19, 2018
Slide 1: Bhageria Industries Limited cover letter to stock exchanges
BHAGERIA INDUSTRIES LIMITED Tel. : 91-22-4043 6666 Fax : 91-22-4043 6662 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 : L60300MH1989PLC05257
Slide 2: Bhageria Industries Ltd Investor Presentation February 2018
BHAGERIA INDUSTRIES LTD INVESTOR PRESENTATION February 2018
Slide 3: Safe Harbor
SAFE HARBOR 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 s
Slide 4: Q3FY18 Result Highlights
Q3FY18 RESULT HIGHLIGHTS
Slide 5: Q3FY18 & 9MFY18 Result Highlights
Q3FY18 & 9MFY18 Result Highlights Rs Cr Q3FY18 Q3FY17 % Change 9MFY18 9MFY17 % Change Net Sales 89.6 75.7 18.4% 259.5 254.9 1.8% Cost of Materials Consumed 46.7 45.5 2.7% 150.7 151.4 -0.5% Employee Benefit Expense 1.4 2.0 -30.0% 4.0 4.6 -13.4% Job Work Expenses 12.2 13.6 -10.7% 36.9 40.5 -9.0% Other
Slide 6: Balance sheet
Balance sheet Rs Cr Mar’17 Sep’17 Rs Cr Mar’17 Sep’17 Share Capital 8.0 8.0 Fixed Assets incl. CWIP 162.4 187.9 Reserves 113.2 126.6 Long Term Loans & Advances 0.4 3.8 Shareholders' Funds 121.2 134.5 Total Non-Current Assets 162.8 191.8 Long Term Borrowings 4.4 3.8 Current Investments 26.4 3.3 Defer
Slide 7: Company Overview
COMPANY OVERVIEW
Slide 8: Leading manufacturer of dye intermediates…
Leading manufacturer of dye intermediates… Dye Intermediates 2 10+ H-Acid Manufacturing Ship-to-countries Vinyl Sulphone Gamma Acid plants 344 18% 500+ Revenue in EBITDA Margin Employees Rs Cr (FY17) (FY17) 30% + EPS Dividend Return on Rs 27 per share Rs 5 per share Capital Employed (FY17) (100%, FY
Slide 9: … with presence across major product categories
… with presence across major product categories INDIAN MARKET REVENUE PRODUCT CAPACITY HIGHLIGHTS SHARE CONTRIBUTION* Captive solar power H-Acid 13% 43% 3,000 TPA Moving towards zero discharge Located in the chemical Vinyl Sulphone 5% 20% 4,200 TPA belt of Gujarat Effluent treatment plant Moving tow
Slide 10: History and evolution
History and evolution Became a listed Started entity with a exporting to Foray into Solar roof top panels Commissioned objective to fund Japan and other with a capacity of 30MW solar additional capacity developed 2.80 MWP plant for new products countries 1989 1995 2002 2010 2014 2015 2016 2017 Enter
Slide 11: 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 12: Supported by board of directors
Supported by board of directors SP Tulsian A renowned market analyst with rich experience of over 36 years; a commerce and law graduate, holds professional qualifications of Chartered Accountancy & Company Secretary Independent Director PS Dalvi Has specialization in Chemical industry and having exp
Slide 13: Manufacturing facilities
Manufacturing facilities Vapi, Gujarat - Vinyl Sulphone Boisar, Maharshtra - H-Acid/Gamma Acid o Spread over 27 acres square metres with more o Latest upgraded production facilities land available for expansion o Best pollution control facilities o Captive solar power plant leading to cost saving o
Slide 14: Focus on Safety, Health & Environment
Focus on Safety, Health & Environment Safety Health Environment o Safety representative For o In-house occupational Health o Air pollution Management each plant. Center o In-house facilities o Fire hydrant for each plant o Part time doctor o Recover & re-use o Safety training o Medical representativ
Slide 15: Long term client partnerships
Long term client partnerships Domestic Clients Global Clients PT Sinar Modern Dyestuff & Pigments Domestic Clients
Slide 16: Exports contributing to ~28% of revenues
Exports contributing to ~28% of revenues Europe US 6% 5% Exports 28% Asia Pacific Domestic 89% 72% As on 6MFY18
Slide 17: Solar foray
Solar foray 25 year PPA with Solar Energy Corporation of India (SECI) in Maharashtra Capacity - 30MW Tariff – Rs 4.41/unit Total project capex – Rs 180 cr Solar rooftop solution - 25 year PPA with Asahi India Glass Ltd, TRIL Ltd & Lucas Ltd Capacity – 3 MW Tariff – Rs 6.61/unit
Slide 18: Sustainable inclusive growth
Sustainable inclusive growth Heath & Safety Village Sanitation Eye Care Installed Water Purification Construction of toilets at Donated cataract operation Plant at Kamptee & Mauda Kachhi Gaam, Vapi equipments to Param Shakti at Nagpur Peeth, a non-profit organization serving the underprivileged in D
Slide 19: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 20: Improving profitability
Improving profitability Revenue EBITDA margins PAT margins Rs cr % % 17.8 12.6 412 369 344 13.5 8.9 11.1 238 6.4 6.4 4.2 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17
Slide 21: High return ratios
High return ratios RoE RoCE Net Debt/ Equity % % x 66.5 69.4 0.28 0.25 46.1 36.9 39.8 34.2 26.8 21.3 -0.19 -0.40 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17
Slide 22: …With consistent dividend paying track record
…With consistent dividend paying track record Dividend Payout Dividend % % of face value 27.3 100 18.7 19.0 50 50 11.1 35 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 Highest dividend (100% of face value) paid in FY17 Company paying dividend since inception
Slide 23: Annual Consolidated Profitability highlights
Annual Consolidated Profitability highlights Rs Cr FY15 FY16 FY17 Gross Sales 436.2 255.9 370.2 Less: Excise Duty 23.8 17.5 25.8 Net Sales 412.4 238.5 344.4 Total Operating Income 412.4 238.5 344.4 Cost of Materials Consumed 253.3 146.2 206.8 Employee Benefit Expense 4.3 3.9 6.2 Other Expenses 99.1
Slide 24: Thank You
Thank You Mr. Rakesh Kachhadiya accounts.mumbai@bhageriagroup.com th 1002, 10 Flr, Topiwala Centre, Off S.V road, Goregaon (W), Mumbai Mr. Rajeev Menon/Ms. Pooja Dokania rajeev@credoadvisors.in / pooja@credoadvisors.in B/ 1011A, Kanakia Wall Street, Andheri (East), Mumbai
Bhageria Industries — Q3 FY2018 Earnings Presentation on 6ix