Redco Textiles Limited · PSX:REDCO
Redco Textiles — Investor Presentation (2024)
20 slides from Redco Textiles's investor presentation, 2024
Slide 1: Redco Textiles Limited Corporate Briefing Session 2024
REDCO TEXTILES LIMITED CORPORATE BRIEFING SESSION 2024
Slide 2: Contents
CONTENTS • COMPANY PROFILE • KEY STRATEGIC & OPERATIONAL 'DEVELOPMENT • HISTORICAL FINANCIAL HIGHLIGHTS • FINANCIAL RESULTS • FUTURE OUTLOOK
Slide 3: Company Profile
COMPANY PROFILE • Redco Textiles Limited is a Public Limited Company, incorporated in Pakistan on 17 October 1991. It was incorporated under the repealed Companies Ordinance, 1984 now the Companies Act, 2017 and is listed on Pakistan Stock Exchange. Redco's principal activities include manufacture a
Slide 4: Key Strategic & Operational Development
KEY STRATEGIC & OPERATIONAL DEVELOPMENT • The Weaving Unit of the Company is fully operational due to addition of 76 new Toyota Airjet looms in the recent past. • The Weaving Unit of the Company consists of 200 Toyota Airjet "Looms with the installed capacity of 64,348,888 meters at 60 picks. • The
Slide 5: Historical Financial Highlights: Sales
HISTORICAL FINANCIAL HIGHLIGHTS -- Sales Rs in thousands " -- 1,600,000 .- - 1,400, ()()() 1,200,000 1,000,000 800,000 600,000 400,000 200,000 I _2021 j_J_
Slide 6: Historical Financial Highlights: Gross Profit
HISTORICAL FINANCIAL HIGHLIGHTS Gross Profit Rs in thousands .-.~i-- 110,000 100,000 90,000 80,000 70,000 60,000 50,000 40,000 r-- - 30,000 r
Slide 7: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS
Slide 8: Historical Financial Highlights: Total Assets
HISTORICAL FINANCIAL HIGHLIGHTS Total Assets Rs in thousands 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000
Slide 9: Historical Financial Highlights: CAPEX
HISTORICAL FINANCIAL HIGHLIGHTS r -- ------ ----- -- CAPEX Rs in thousands 450,000 I " 375,000 ! ~OO,OOO 225,000 200,000 175,000 150,000 125,000 100,000 75,000 r
Slide 10: Historical Financial Highlights: Shareholders' Equity
HISTORICAL FINANCIAL HIGHLIGHTS --- ----- Shareholders' Equity Rs in thousands " --- 1,050,000 ~ -- 900,000 750,000 600,000 450,000 300,000 150,000 L 2022 J
Slide 11: Financial Results 2024 vs 2023: Income Statement
FI NANCIAL RESU LTS 2023 vs 2022 INCOME STATEMENT • Sales Rs. 1,470.172 million (2023: 870.963 million) • Gross Profit Rs. 105.460 million (7.17% of Sales) [2023: Gross' profit Rs. 49.780 million (5.72% of sales)] • Profit after taxation Rs. 212.080 million (14.43% of Sales) [2023: Profit after taxa
Slide 12: Statement of Value Addition and its Distribution
Statement of value addition and its distribution 2024 2023 Rs. I n thousand % age Rs. In thousand t % age Value addition ..•.. Sales 1,470,172 92.94 I 870,963 91.44 ---- - --- --- - r- ---- Other income 111,607 7.06 81,488 8.56 -- - Total 1,581, n9 100.00 952,451 100.00 Value distribution Cost of sa
Slide 13: Statement of Value Addition and its Distribution 2024
Statement of value addition and its distribution 2024 3% 0% - I • Cost of sales • Distribution expe nse Administrative and other expenses • Finance cost Income Tax
Slide 14: Statement of Value Addition and its Distribution 2023
Statement of value addition and its distribution 0% 2023 " Cost of sales Distribution expense o Administrative and other expenses Finance cost o Income Tax
Slide 15: Balance Sheet Assets
Balance Sheet Assets --- 2024 2023 _--- Rs. In thousand % age : Rs. In th~~~ani % age~ _ - -- --- - ---- -- - - ---- Property, .plant and equipment 2,558,813 67.35% 1,751,048 55.03% - -- Long term investment 67 0.00010 39 0.00% Long term deposits 19,682 0.52% 12,022 0.38% --- -- Stores, spare parts
Slide 16: Balance Sheet Equity & Liabilities
Balance Sheet Equity & Liabilities - ----- 2024 2023 Rs. In thousand %age Rs. In thousand %age - Shareholders Equity 1,002,857 26.40% 303,994 9.55% - - - - S taft retirement benefits-gratuity 27,965 0.74% 20,749 0.65% - --- Deferred Taxation 81,978 2.16% Trade and other payables 222,701 5.86% 406,56
Slide 17: Key Performance Ratios
KEY PERFORMANCE RATIOS : I -~c [-Balance Sheet - -' - - - Ratios _- J--~- -,.--- 2024.-_ .. ~ '-=- 2023 Return on equity ;-----1- 21.15~ -t---i-- _?5.61% J Cu rre nt Rati 0 0.45 0.5 --+-- Quick Ratio 0.43 0.44 Earnings per share 4.302 1.579 - - - Price Earnings (PIE) Ratio 7.92/4.302 6.19/1.579
Slide 18: Future Outlook
FUTURE OUTLOOK We have a clear strategy and our focus for the year ahead remains on expanding our position in the textile sector with ongoing investment in textile sector businesses as we continue to build path ways towards future, sustainable and long-term growth and by shifting towards alternate e
Slide 19: Q & A Session
Q & A SESSION .,• .,• ~ •
Slide 20: Peay or Tita erence
Peay or Tita 0 erence sah sont csadlinaiiiiitiplirensin : ce ee nas genre neti oo : Me mney .wenthe meee. da. ~ - — = “ - —s