Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q2 FY25 Earnings Presentation
30 slides from Sirca Paints India's earnings presentation, Nov 14, 2024
Slide 1: Submission of Investor Presentation to Exchanges
November 14, 2024 To, To, The Managing Director The General Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1 Department of Corporate Services G-Block, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai – 400051 Dalal Street, Mumbai
Slide 2: Earnings Presentation Sept 2024
EARNINGS PRESENTATION SEPT, 2024
Slide 3: Company Profile
COMPANY PROFILE
Slide 4: Introduction
INTRODUCTION Sirca Paints India Limited (SPIL) is a leading manufacturer of wood coating products in India, with a history spanning two decades. Offering premium quality wood finishes under brands like 'Sirca' and 'Unico', SPIL caters to the emerging aesthetic needs of the furnishing market. With a
Slide 5: MOU Announcement
MOU ANNOUNCEMENT The arrangement spans six SPIL embarks on its journey as Product exports to over 85+ months, establishing a joint a high-value supplier of wall countries, establishing SPIL as venture company in a ratio of paints and colors in India and a global brand. 51:49, i.e., 51 (SPIL) and 49
Slide 6: Sirca Paints Acquires Welcome Brand
SIRCA PAINTS ACQUIRES WELCOME BRAND With New Wembley Products LLP through its Authorized Partner Dr. S. Harinderbir Singh Lamba Sirca Paints India (SPIL) has entered into a Business transfer agreement with New Wembley Products LLP through its Authorized Partner Dr. S. Harinderbir Singh Lamba: - For
Slide 7: SPIL at a Glance
SPIL AT A GLANCE EXCLUSIVE LICENSEE Of Globally Established ‘Sirca’ 02 818 brand for India, Nepal, Bangladesh Manufacturing and Sri Lanka Team Strength Facilities 4 MARKET LEADER Among the Top 3 Premium wood 2,476 coatings brand in India Market Nodes in Distribution Display Units Leader in North Ind
Slide 8: Value Proposition
VALUE PROPOSITION The promise and quality of ‘Made in Italy’ blended with innovation, research and development to provide the most sophisticated and customized products and services in the paints industry. CORE OFFERING Premium Italian Wood Coatings Metal Coatings Glass Coatings EARNINGS PRESENTATIO
Slide 9: Value Proposition: Wood Coatings and Wall Paints
VALUE PROPOSITION WOOD COATINGS MASS MARKET RANGE Nitrocellulose (NC), Melamine, PU Recent Additions to our Product Portfolio Expansion Coatings and Thinners Hygiene Plus Additives WALL PAINTS & OTHERS WALL PAINTS RANGE OIKOS Portfolio (Decorative, Solid Colour Finishes, and Texture Coatings) Durant
Slide 10: Brand Portfolio Pricing
BRAND PORTFOLIO PRICING Sirca Unico INDIAN SUBCONTINENT Luxury Italian Wood Coatings Mass-market Wood Coatings High-end Wall Paints products OIKOS Welcome Colour Finishes and Texture Paint Thinners & Reducers INDIA Coatings High-end Decorative, Solid ECONOMIC ENTRY-LEVEL LUXURY * Includes India, Ban
Slide 11: Sirca's Footprint
SIRCA’S FOOTPRINT 2,476 11 Dealers & Distributors Branches & Depot JAGADHARI MOHALI 4 02 NOIDA Display Units Manufacturing KARNAL Facilities NEPAL RAI & SONIPAT AMBALA DELHI DEHRADUN GURUGRAM SILLIGURI KEY GUWAHATI INDORE BANGLADESH KOLKATA Branches EXPORT MARKETS NAGPUR RAIPUR Manufacturing Facilit
Slide 12: Customer Segments
CUSTOMER SEGMENTS RETAIL OEM’s ~70% Revenue Contribution ~30% Revenue Contribution 2,476 Aggressively growing Distribution Network with 2,476* nodes APPROACH Dealing in Premium products. GROWTH STRATEGY Providing str ong technical support and after sales Chain of studios being opened across India, s
Slide 13: Manufacturing Facilities
MANUFACTURING FACILITIES COMMISSIONED CAPEX of ~33.20 CR In Nov’2019, Sirca commissioned a manufacturing This unit has been established with a total CAPEX facility for Nitrocellulose, Melamine, Economical of ~33.20 Crores, as a primary ‘Object of Issue’ PU products, and PU thinner at Sonipat (NCR) f
Slide 14: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES ~1,401+ Shop boards installed for enhanced visibility. Refreshed brand positioning as “Your Italian Autograph”.
Slide 15: Marketing and Promotional Activities: Sirca Studios
MARKETING AND PROMOTIONAL ACTIVITIES SIRCA STUDIOS
Slide 16: Contractor's / Shop Meets
CONTRACTOR'S / SHOP MEETS Organised 27 meet-ups between contractors and shop owners to help them educate about the products and build healthy relations.
Slide 17: Contractor Loyalty Program
CONTRACTOR LOYALTY PROGRAM Sirca Parivaar 2.0 – App Update Enhanced Version of Sirca Parivaar App ~24,750 ~17,600 ~3,300 The main objective of this app is to automate the process of loyalty program and streamline the process Contractors Registered Average Daily Product Scans Average Daily Users of r
Slide 18: Board of Directors
BOARD OF DIRECTORS MR. SANJAY AGARWAL MR. APOORV AGARWAL MR. GURJIT SINGH BAINS MR. UGO PELOSIN CHAIRMAN AND JOINT MANAGING NON-EXECUTIVE NON-EXECUTIVE MANAGING DIRECTOR DIRECTOR DIRECTOR DIRECTOR Mr. Agarwal is one of the co-founders of Mr. Agarwal has holds a bachelor's Mr. Gurjit Singh Bains is o
Slide 19: Board of Directors
BOARD OF DIRECTORS Mr. Shyam Lal Goyal Mrs. Anu Chauhan Mr. Sanjay Kapoor Mr. Aman Arora NON-EXECUTIVE & NON-EXECUTIVE & NON-EXECUTIVE & NON-EXECUTIVE & INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Mr. Goyal was the Audit and Finance Mrs. Chauhan has a vast exp
Slide 20: 5Y Financial Summary
5Y FINANCIAL SUMMARY
Slide 21: 5Y Profit & Loss Summary
5Y FINANCIAL SUMMARY 5Y PROFIT & LOSS SUMMARY (₹ in crores) PARTICULARS H1 FY25 FY24 FY23 FY22 FY21 Revenue from Operations 184.17 311.72 267.75 200.02 143.18 Total Income 186.44 318.08 272.59 204.43 157.32 Total Operating Expenses 151.15 243.04 206.03 162.27 121.37 EBITDA (Excluding OI) 33.03 68.68
Slide 22: 5Y Balance Sheet Summary
5Y FINANCIAL SUMMARY 5Y BALANCE SHEET SUMMARY (₹ in crores) PARTICULARS H1 FY25 FY24 FY23 FY22 FY21 Shareholders Fund 323.99 308.72 265.53 225.15 201.6 Non Current Liabilities 0.97 0.6 0.59 0.05 0.28 Current Liabilities 44.42 41.61 45.92 37.16 52.88 Trade Payables 36.01 32.54 36.55 31.4 34.84 Total
Slide 23: 5Y Cash Flow Summary
5Y FINANCIAL SUMMARY 5Y CASH FLOW SUMMARY (₹ in crores) PARTICULARS H1 FY25 FY24 FY23 FY22 FY21 Cash from Operating Activities 27.99 32.4 -18.69 35.16 19.24 Cash from Investing Activities -22.1 -11.81 9.38 -11.06 14.74 Cash from Financing Activities -8.23 -8.24 -5.52 -17.38 0.1 Net Cash Flow -2.34 1
Slide 24: Q2 FY25 Result Discussion
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Slide 25: Strong Performance in a Highly Competitive Environment
Q2FY25 RESULT DISCUSSION "STRONG PERFORMANCE IN A HIGHLY COMPETITIVE ENVIRONMENT." (All Values in ₹ crores) 18.96 13.28 105.50 10.21 14.07 78.68 th th th row ow ow %G %G r %G r 34 34 30 Q1FY25 Q2FY25 Q1FY25 Q2FY25 Q1FY25 Q2FY25 Revenue from EBITDA PAT Operations
Slide 26: Profit & Loss Summary
Q2FY25 RESULT DISCUSSION PROFIT & LOSS SUMMARY Standalone (₹ in crores) PARTICULARS Q2 FY25 Q1 FY25 Q2 FY24 YoY % QoQ % Revenue from Operations 105.50 78.68 83.60 26.2 34.1 Total Income 106.34 80.10 84.80 25.4 32.8 Total Operating Expenses 86.54 64.61 62.32 38.9 33.9 EBIDTA (Excluding OI) 18.96 14.0
Slide 27: Management Commentary
Q2FY25 RESULT DISCUSSION MANAGEMENT COMMENTARY Revenue from Operations: ₹105.50 Crore, a 26.2% YoY growth and 34.1% QoQ growth. Revenue growth is driven by strong sales of high-value acrylic products, particularly in the western and southern regions of India. EBITDA (Excl. OI): ₹18.96 Crore, a -10.9
Slide 28: Business Update
Q2FY25 RESULT DISCUSSION BUSINESS UPDATE STRATEGIC UPDATE: Continued focus on high-value, technologically advanced products like acrylic paints. Aggressive expansion of distribution network, currently with 2,476 nodes (excluding OEMs). Strengthening OEM business, aiming to become a dominating retail
Slide 29: Connect Us
CONNECT US Hira Kumar Ipvinder Singh COMPANY SECRETARY AND COMPLIANCE OFFICER Invesfly Private Limited Sirca Paints India Limited info@invesfly.in cs@sircapaints.com 9015059001
Slide 30: Disclaimer
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 the d