Bsl Ltd · NSE:BSL
Bsl — Investor Presentation (March 2024)
35 slides from Bsl's investor presentation, March 2024
Slide 1: BSL Limited Investor Presentation March 2024
BSL Limited March 2024 Investor Presentation NSE: BSL BSE: 514045
Slide 2: Safe Harbor
Safe Harbor This presentation has been prepared by BSL Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situation, or informational need of any particular person. This presentation may not be copied, distributed, or disseminated, directly o
Slide 3: Presentation Content
Presentation Content 01. Financial Performance 04. ESG Initiatives 02. Growth Drivers 05. Management Team 03. Company Profile 06. Annexure Thank You 3 March 2024 Content
Slide 4: Managing Director Message - Shri Arun Churiwal
Managing Director Message Commenting on the results, Mr. Arun Churiwal, Chairman of BSL Limited said, “In the FY24, the Indian textile industry navigated through a series of challenges but emerged amidst stable raw material prices and growing demand. Despite global uncertainties affecting freight co
Slide 5: Managing Director Message - Shri Nivedan Churiwal
Managing Director Message Commenting on the results, Mr. Nivedan Churiwal, MD of BSL Limited said, “BSL Limited has shown strong resilience despite tough times in the world economy. We know things are uncertain, especially with escalating war, fuel, and logistics costs, as well as cotton prices fluc
Slide 6: Financial Performance
01. Financial Performance Key Financial Highlights Q4FY24 Financial Performance FY24 Financial Performance Historical Financial Performance NSE: BSL BSE: 514045
Slide 7: Key Financial Highlights
Key Financial Highlights Q4FY24 FY24 Revenue from Operations for Q4FY24 was ₹156 Cr, showing Revenue from Operations for FY24 increased by 41.3%, a 31.7% increase year-over-year, despite an 8.6% decrease reaching ₹667 Cr compared to ₹472 Cr in FY23. quarter-over-quarter. EBITDA for FY24 was ₹6
Slide 8: Q4FY24 Financial Performance
Q4FY24 Financial Performance ₹ in Cr Revenue Gross Profit & EBITDA & Margin(%) PAT & Margin(%) Margin(%) 171 156 119 76 74 60 3.8 3.9 18 16 13 2.5 50.9% 44.4% 47.2% 10.8% 10.5% 10.5% 3.2% 2.3% 1.6% Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 YoY: 32% YoY: 22%
Slide 9: Q4FY24 Persistence Resilience
Q4FY24 Persistence Resilience ₹ in Cr Outlook During the Q4FY24 quarter, we achieved a solid growth momentum of 31.7% YoY in revenue, with Gross Profit and EBITDA increasing by 22.1% and 27.6%, respectively. The launch of our new cotton yarn spinning unit in FY24 led to higher depreciation and f
Slide 10: Q4FY24 Segment Wise Revenue
Q4FY24 Segment Wise Revenue Fabric Furnishing Yarn Others 100% 5% 5% 6% 90% 17% 80% 46% 48% 70% 22% 60% 50% 11% 12% 40% 30% 56% 38% 34% 20% 10% 0% Q4FY23 Q3FY24 Q4FY24 10 March 2024 Financials
Slide 11: FY24 Financial Performance
FY24 Financial Performance ₹ in Cr Revenue Gross Profit & EBITDA & Margin(%) PAT & Margin(%) Margin(%) 667 65 472 294 51 250 17 11 52.9% 44.1% 10.9% 9.8% 3.6% 1.7% FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 YoY 41% YoY 18% YoY 27% YoY (33)% 11 March 2024 Financials
Slide 12: Historical Financial Performance
Historical Financial Performance ₹ in Cr Revenue Gross Profit & Margin(%) EBITDA & Margin(%) PAT & Margin(%) 667 65 472 436 51 17 390 40 321 294 250 11 11 31 30 224 199 166 51.0% 51.6% 51.4% 52.9% 44.1% 7.9% 9.4% 9.2% 10.9% 9.8% 2.6% 3.6% 1.7% 2 1 4.0% 4.0% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY
Slide 13: Historical Financial Performance
Historical Financial Performance ₹ in Cr ROCE RONW FACR(x) 10.9% 9.7% 16.3% 3.1 8.7% 7.4% 7.3% 12.9% 10.0% 1.8 1.4 1.3 1.3 2.2% 1.7% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Net Working Capital Net Debt Net Debt to Equity(x) 45.7 437 37.2 37.8 39.2 3.9 346 3.3 2.2 2
Slide 14: Growth Drivers
02. Growth Drivers Growth Driving Factors NSE: BSL BSE: 514045
Slide 15: Growth Driving Factors: Robust Demand
Growth Driving Factors ▪ In 2021, the Indian textile & apparel ▪ The Indian Government has come up ▪ Owing to China Plus One sentiment industry is pegged at $105 bn, with ~71% with several export promotion policies for globally, India’s textile exports are by domestic consumption and 29% by the text
Slide 16: Growth Driving Factors: Investment Return
Growth Driving Factors ▪ BSL Limited has commenced commercial ▪ The Textile Industry is an ever-growing ▪ BSL Limited’s Marketing Strategy is operations in its Cotton Spinning Project market, with key Competitors being China, uniquely designed for the company and from March 2023 with full capacity.
Slide 17: Company Profile
03. Company Profile About Us Milestone Business Verticals Strong Parentage NSE: BSL BSE: 514045
Slide 18: Pioneers in Textile Manufacturing
Pioneers in Textile Manufacturing About Us Diverse Range of Products BSL Limited, established in 1971, is a renowned manufacturer of a diverse range of textile Production products, including synthetic, worsted, and cotton yarn, as well as synthetic and Worsted Particulars Capacity Suitings, and vari
Slide 19: Milestone
Milestone The company took decisive step to venture into Converted into a furnishing fabrics and over Incorporated under Public Limited the last decade or more, this the name of Company in the has been the biggest growth “Raj General Udyog name of “Bhilwara engine for success story for Private Limit
Slide 20: Business Vertical - Suiting
Business Vertical - Suiting BSL Limited Provides Finest Premium Suiting Fabrics For Both Domestic & Export Markets TR FABRICS PW FABRICS PV FABRICS 20 March 2024 Company Profile
Slide 21: Business Vertical - Furnishing
Business Vertical - Furnishing The New Benchmark From Soft Furnishing Fabrics To Upholstery Fabrics & Exquisite Silk Fabrics Offers A Wide Range Of Premium Furnishing FURNITURE CURTAINS Furnishing Fabrics SILK FABRIC 21 March 2024 Company Profile
Slide 22: Business Vertical - Yarn
Business Vertical - Yarn The Highest Quality Fabrics Begin with Yarn that comes from a State-of-the-art Manufacturing Facility. Made of different materials, colour patterns, gauges, and weights, our yarns are a Testament to World-class Quality and Craftsmanship. POLY WOOL YARN COTTON YARN Poly Wool
Slide 23: Strong Parentage
Parentage POWER CONSULTANCY ELECTRODES ▪ Indo Canadian Consultancy Services Limited ▪ HEG Limited Strong TEXTILES HIGHLIGHTS ▪ BSL Limited ▪ 5 Group companies listed on the Stock ▪ Maral Overseas Limited Exchanges. ▪ RSWM Limited ▪ Production units & Corporate office spread ▪ Bhilwara Technical Text
Slide 24: ESG Initiative
04. ESG Initiative Environment Social Governance NSE: BSL BSE: 514045
Slide 25: Green Company
Environment OEKO-TEX Agro-Fuel The Company has received From July 2022 onwards, In-Line OEKO-TEX Certifications which with Global Sustainability ensure that our Products have been Initiatives, an Agro-Fuel system For Tested Against a list of up to 350 Boiler & Thermopack is being used Toxic Chemical
Slide 26: Social: CSR Overview
Social CSR Regulatory Integration with Overview Mechanism Corporate Objectives Corporate social responsibility is also A CSR policy acts as a self-regulating The company sees CSR activities as a known as corporate conscience, system where a business keeps track crucial part of its corporate corporat
Slide 27: Governance
Governance Internal Control Systems Whistle Blower Policy Corporate Governance The Company has adequate The Company has a vigil The Company is committed to Internal Control Systems, Mechanism named Whistle Blower maintaining the highest standards commensurate with the size, scale policy to dea
Slide 28: Management Team
05. Management Team Management Team Board Members Achievements NSE: BSL BSE: 514045
Slide 29: Management Team
Management Team Shri Arun Churiwal Shri Nivedan Churiwal Shri Praveen Jain Chairman Managing Director CFO & Director (Operations) Annexure 29 March 2024 Management Team
Slide 30: Board Members
Board Members Shri Arun Churiwal Shri Praveen Jain Chairman, B.A. (Hons.), 50+ years of experience CFO & Director (Operations), F.C.A., F.C.S., F.C.M.A., 33+ years of experience Shri Nivedan Churiwal Shri Jagdish Chandra Laddha Managing Director, B.Com, 23+ years of experience Independent Director,
Slide 31: Achievements
Achievements Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2018 - 19 Golden Trophy Best Overall Export Performance - Export of Natural Silk Goods 2017 - 18 Silver Trophy Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2017 - 18 Golden Trophy Be
Slide 32: Annexure
06. Annexure Profit & Loss Statement Balance Sheet NSE: BSL BSE: 514045
Slide 33: Profit & Loss Statement
Profit & Loss Statement ₹ in Cr Quarterly Yearly Parameter Q4FY24 Q4FY23 YoY Q3FY24 FY24 FY23 YoY Total Income 156.4 119.0 31.4% 171.1 667.2 472.7 41.1% Raw Material Cost 90.1 66.3 93.6 370.2 254.0 Employee Cost 22.6 18.3 22.7 91.0 75.5 Power, Fuel & Water Cost 14.8 9.5 14.1 57.5 46.2 Other Expenses
Slide 34: Balance Sheet
Balance Sheet ₹ in Cr Assets FY24 FY23 Equity & Liabilities FY24 FY23 Non-current Assets 235.0 232.5 Equity 112.7 104.0 Property, plant & equipment 228.4 226.2 Equity Share Capital 10.3 10.3 Capital work in progress 0.2 0.0 Other Equity 102.4 93.8 Intangible Assets 2.5 2.7 Non-current Liabilities 16
Slide 35: Thank You!
Thank You! GE T IN TO U CH WIT H U S BSL Limited Rik Consultancy & Advisory Services LLP Shri Nivedan Churiwal Shri Praveen Jain Mr. Ritesh Shashiprakash Singh Managing Director CFO & Director (Operations) Investor Relations Consultant E: Nivedan@bslltd.com E: Praveenjain@bslsuitings.com M: +91 8329