Apcotex Industries Ltd · NSE:APCOTEXIND
Apcotex Industries — Investor Presentation (September 2022)
25 slides from Apcotex Industries's investor presentation, Sep 14, 2022
Slide 1: Exchange filing cover letter
Date: 14th September 2022 To, To, Manager - Department of Corporate Services The Manager - Listing Department, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, Fort, Block G, Bandra - Kurla Complex, Mumbai - 400 001 Bandr
Slide 2: Investor Presentation September 2022
INVESTOR PRESENTATION September 2022
Slide 3: Index
Index Executive Summary Company Overview Business Overview Industry Overview Strategic Overview Financial Overview 2
Slide 4: Executive Summary
Executive Summary 3
Slide 5: Executive Summary
Executive Summary OVERVIEW ▶ Apcotex Industries Ltd (Apcotex) is a leading producer of Synthetic Rubber (Nitrile Rubber, High Styrene Rubber, Nitrile Polyblends and Nitrile Powder) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics and Nitrile Latex) in India. ▶ The company has one of the br
Slide 6: Company Overview
Company Overview 5
Slide 7: Company Overview
Company Overview Operational Revenue (INR Mn) and EBITDA Margin (%) ▶ The company’s Taloja plant was established in 1980 as a division of Asian Paints (India) Ltd. In 1991, the division was spun off as a separate company, 12000 20.0% which was headed by Mr. Atul Choksey, former MD of Asian Paints. T
Slide 8: Promoter Background and Board of Directors
Promoter Background and Board of Directors MR. ATUL C. •He is a Chemical Engineer from Illinois Institute of CHOKSEY Technology, Chicago, USA and has more than four decades MR. ABHIRAJ •He is a Bachelor of Science in Economics from Wharton of experience in managing the affairs of the Company. He is
Slide 9: Key Milestones
Key Milestones 1980 1991 1998 2005 2009 2013 2014 2016 2019 2022 Started as The Started Name Started Installed Responsible Synergistic Reported Achieved TPM division of company Synthetic changed to Acrylic capacity of care and acquisition highest ever certification Asian Paints was spun Rubber Apcot
Slide 10: Industry Clients
Industry Clients Valia Facility, Gujarat PAPER (21,000 MT) Nitrile Rubber Allied AUTO & INDUSTRIAL Products ▶ ITC Ltd ▶ JK PAPER ▶ Unique Auto Rub Udyog Pvt Ltd ▶ BILT ▶ NR Group ▶ Varroc Elast ▶ G.B. Rubber CARPET ▶ Jayashree Polymers ▶ Obeetee Industries ▶ ABC Industries HOSES & LPG Vansh Industri
Slide 11: R&D and Quality Control
R&D and Quality Control PRODUCT DEVELOPMENT LAB DCS PROCESS CONTROL PRODUCT APPLICATION LAB QUALITY ASSURANCE LAB The company has been continuously upgrading their technology through in house research & development efforts to meet the changing needs of customers Currently 47 employees are dedicated
Slide 12: Quality Certifications
Quality Certifications ISO Integration Achieved TPM Of Quality, TPM 14001:2004, TPM ISO Excellence Environment TPM Valia plant Journey OHSAS Responsible certification 9001 Category and OHSAS Consistency RC starts 18001:2007 Care Certified for Valia certified A Systems Award certified Certified Plant
Slide 13: Key Strengths
Key Strengths Dummy Title Experienced Promoters along with professional management team Only producer of Nitrile Rubber and High Marquee list of clients Styrene Rubber in India. Strategic location of Apcotex is a Globally manufacturing units in India and Reputed Brand lean business operations High e
Slide 14: Business Overview
Business Overview 13
Slide 15: Process
Process Dummy Title VALUE CHAIN Sources of Raw Materials Raw Materials Final Products Butadiene PAPER CARPET CONSTRUCTION Natural gas Synthetic Latex TYRE CORD GLOVES SPECIALTY Styrene NITRILE RUBBER NBR POLYBLEND Acrylonitrile Crude Oil Rubber HIGH STYRENE RUBBER NBR POWDER 14
Slide 16: Synthetic Latex Products
Synthetic Latex Products The company caters to a large customer base for synthetic latex across industries and commands high market share across industries like Paper, Carpets, Tyres and Construction. PAPER CARPET CONSTRUCTION TYRE CORD GLOVES SPECIALTY Provides high wet Soft secondary Bonding agent
Slide 17: Synthetic Rubber Products
Synthetic Rubber Products Apcotex is the only manufacturer of Nitrile Rubber and High Styrene Rubber in India. It has a high market share in HSR but a low market share in NBR due to capacity constraints. NITRILE RUBBER (NBR) NBR POLYBLEND HIGH STYRENE RUBBER NBR POWDER Low viscosity grade with Cost
Slide 18: Strategic Overview
Strategic Overview 17
Slide 19: Future Strategy
Future Strategy The company’s presence in the stable growth industries like Paper, Construction, Carpet, Tyre and Rubber provides stable growth & is a strong base for Apcotex. Apart from the existing product portfolio, the next generation product pipeline is The company also plans to increase strong
Slide 20: Financial Overview
Financial Overview 19
Slide 21: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY20 FY21 FY22 Q1-FY23 Operational Revenue 4,960 5,406 9,569 3,065 Total Expenses 4,626 4,708 8,171 2,579 EBITDA 334 698 1,398 486 EBITDA Margins 6.73% 12.91% 14.61% 15.86% Depreciation 134 145 141 37 Finance Cost 13 38 32 13 Other Income 59 52 79 17
Slide 22: Balance Sheet
Balance Sheet Particulars (INR Mn) FY20 FY21 FY22 Particulars (INR Mn) FY20 FY21 FY22 Shareholders Fund 2,513 3,054 3,962 Total Non Current Assets 1,916 2,383 3,014 Equity Share Capital 104 104 104 Property, Plant and Equipment 1,239 1,441 1,560 Other Equity 2,409 2,950 3,858 Capital Work in progres
Slide 23: Historical Performance Indicators
Historical Performance Indicators Operational Revenue (INR Mn) EBITDA (INR Mn) EBITDA Margin (%) PAT (INR Mn) and PAT Margin (%) 12000 1,600 20.0% 14.6% 15.9% 18.0% 11.0% 9,569 1,400 1200 10.3% 12.0% 10000 12.9% 16.0% 8.2% 1,200 1000 10.0% 14.0% 8000 1,000 12.0% 800 8.0% 6000 4,960 5,406 800 10.0% 6
Slide 24: Disclaimer
Disclaimer Apcotex Industries Ltd Disclaimer: This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apcotex Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation t
Slide 25: Thank You
Thank You 24
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