Rswm Ltd · NSE:RSWM
Rswm — Q4 FY2021 Earnings Presentation
35 slides from Rswm's earnings presentation, May 28, 2021
Slide 1: RSWM Limited
RSWM Limited an LNJ Bhilwara Group Company PROUD TO BE INDIAN PRIVILEGED TO BE GLOBAL RSWM/SECTT/2021 May 28, 2021 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Listing Department, 1st Floor, New Trading Ring, Exchange Plaza, C-1, Block - G, Rotunda Building
Slide 2: An LNJ Bhilwara Group Company
An LNJ Bhilwara Group Company
Slide 3: Q4 & FY20-21 Performance
Q4 & FY20-21 Performance 2
Slide 4: Q4 and FY21 Financial Highlights
Q4 and FY21 Financial Highlights RSWM LIMITED CIN:L17115RJ1960PLC008216 Regd. Office: Kharigram, P.O. Gulabpura, Distt. Bhilwara, Rajasthan - 311021 Phone: +91-1483-223144 to 223150, Fax: +91-1483-223361, 223479 Corporate Office: Bhilwara Towers, A-12, Sector - 1, Noida - 201 301 (U.P) Phone: +91-12
Slide 5: Q4 & FY21 Financial Highlights: Notes
Q4 & FY21 Financial Highlights Notes: 1. The above financial results have been reviewed by the Audit Committee and subsequently approved and taken on record by the Board of Directors at its meeting held on May 28, 2021. 2. The Other Comprehensive Income (OCI) in the Statement of Profit and Loss, inc
Slide 6: FY21 Financial Highlights
FY21 Financial Highlights During first half, industry witnessed an unprecedented lock- down, shut down of manufacturing facilities, disruption in supply chain and movement of migrant labourer. Company witnessed negative PAT of Rs.83 Cr. in Ist half due to lower capacity utilisations. However,
Slide 7: FY21 Performance Snapshot
FY21 Financial Highlights Performance Snapshot Rs.in Cr. Q4,FY21 Q4,FY20 % Var. FY21 FY20 % Var. Sales 836 612 37% 2326 2771 -16% EBIDTA 135 52 160% 215 264 -19% PAT 73 (4) 22 23 -5% Net Cash Flow from Operations 320 231 39% % 31.03.21 31.03.20 Inc./Dec. Networth 761 706 8% Total Debt (Incl. Bills)
Slide 8: Sales Q-to-Q FY21
FY21 Financial Highlights Rs.in Cr. Sales Q-to-Q FY21 Q4, 21 836 Q3, 21 721 Q2, 21 554 Q1, 21 215 0 100 200 300 400 500 600 700 800 900 Series1 Sales increased quarter by quarter from Rs.215 Cr. in Q1 to Rs.836 Cr in Q4. 7
Slide 9: Yarn Sales in MTs
FY21 Financial Highlights Yarn Sales in MTs 40000 35122 35567 35000 31382 30000 25000 20000 15000 10752 10000 5000 0 Q1, 21 Q2, 21 Q3, 21 Q4, 21 Market sentiments improved in Q3 and continued in Q4 8
Slide 10: Denim Fabric Sales
FY21 Financial Highlights Denim Fabric Sales in Lac Mtr. 70 61.32 60 56.64 50 40 30 29.32 20 11.56 10 0 Q1, 21 Q2, 21 Q3, 21 Q4, 21 Exceptional improvement in performance of Denim Fabric Segment 9
Slide 11: PBDT Q-to-Q FY21
FY21 Financial Highlights Rs.in Cr. PBDT Q-to-Q FY21 Q4, 21 116.34 Q3, 21 80.46 Q2, 21 4.72 -69.58 Q1, 21 -100 -50 0 50 100 150 Cash generation increased quarter by quarter from negative 69.58 Cr. in Q1 to cash profit of Rs.116.34 Cr in Q4. 10
Slide 12: PAT Q-to-Q FY21
FY21 Financial Highlights Rs.in Cr. PAT Q-to-Q FY21 Q4, 21 72.97 Q3, 21 31.74 -17.35 Q2, 21 -65.75 Q1, 21 -80 -60 -40 -20 0 20 40 60 80 Exception rebound from Net Loss of Rs.65.75 Cr. in Q1 to Net Profit of Rs.72.97 Cr. in Q4. 11
Slide 13: Profitability Highlights
Profitability Highlights ` in Cr. Q4 FY21 Q4 FY20 Q3 FY21 Q2 FY21 Q1 FY21 FY21 FY20 Total Income (Incl. other income) 859.06 616.56 727.78 559.95 219.84 2365.43 2850.36 Raw Material Cost 453.03 346.13 376.23 271.02 117.71 1217.99 1566.82 Employee Cost 93.48 88.76 88.37 76.15 54.33 312.33 370.09 Powe
Slide 14: Balance Sheet Highlights
Balance Sheet Highlights ` in Cr. 31.03.21 31.03.20 ` in Cr. 31.03.21 31.03.20 Assets Liabilities Non-current Assets 1052 1128 Shareholders' Fund 761 706 Fixed Assets 928 1034 Share Capital 24 24 Investments 92 60 Reserve & Surplus 737 682 Other Non-current Assets 32 34 Non-current Liabilities 401 5
Slide 15: Key ratios
Key ratios FY21 FY20 FY19 FY18 Balance sheet ratios fixed asset cover ratio 1.88 1.75 1.47 1.62 DE ratio excl CPTL 0.90 1.35 1.43 1.41 DE ratio incl CPTL 1.11 1.51 1.69 1.56 debt service coverage ratio (DSCR) 1.15 0.85 0.79 0.66 interest coverage ratio (ISCR) 2.59 2.43 1.76 2.24 current ratio 1.38 1
Slide 16: Debt Equity
Debt Equity Debt (Excl. Bills) and Equity last 4 Years (Rs.in Cr.) 1600 1402 1400 1321 1200 1067 1000 901 843 783 761 800 706 600 400 200 0 31.03.18 31.03.19 31.03.20 31.03.21 Debt Equity In last 4 years debt has reduced by Rs.559 Cr. from Rs.1402 Cr. as on 31.03.18 to Rs.843 Cr. as on 31.03.21.
Slide 17: NWC
NWC Net Working Capital* (Rs.in Cr.) 300 269 250 242 200 213 150 135 100 50 0 31.03.18 31.03.19 31.03.20 31.03.21 *excl. CPTL Net Working Capital doubled in last 4 years from Rs.135 Cr. to Rs.269 Cr. 16
Slide 18: Current Scenario and outlook
Current Scenario and outlook Market sentiments improved in IInd half of FY21. Consumer confidence was upbeat in Q4. In terms of profitability, the Q4,FY21 has been one of the best quarters in recent years. Resurgence of Covid-19 pandemic and imposition of local lockdowns, night/weekend curfews
Slide 19: Current Scenario and outlook
Current Scenario and outlook Sufficient cash generation has put the Company in very comfortable position in terms of liquidity. Company has TL repayment obligations of Rs.158 Cr. in FY21-22. In FY22-23 only Rs.116 Cr. thereafter less than 100 Cr. i.e Rs.86 Cr., Rs.67 Cr. Rs.44 Cr. and Rs.21 Cr.
Slide 20: LNJ Bhilwara Group – At a glance
LNJ Bhilwara Group – At a glance 19
Slide 21: LNJ Bhilwara Group - Diversified presence across sectors
LNJ Bhilwara Group - Diversified presence across sectors Set up in 1961 by Mr. L.N.Jhunjhunwala, today LNJ Bhilwara Group has grown into a conglomerate with a strong global presence and turnover of over Rs.8000 Crore. Textiles Power RSWM Ltd. Bhilwara Energy Limited Maral Overseas Ltd. Malana
Slide 22: LNJ Bhilwara Group - Diversified Presence
LNJ Bhilwara Group - Diversified Presence 6 Group companies listed on the Stock Exchanges. Over 1,000,000 stake holders in the Group. Production units & Corporate office spread across the country at 38 locations All key companies ISO certified Over 28,000 strong workforce. 21
Slide 23: RSWM Ltd. – At a glance
RSWM Ltd. – At a glance 22
Slide 24: RSWM – Overview
RSWM – Overview Flagship company of LNJ Bhilwara Group Incorporated in 1960 One of the largest textile manufacturers of Synthetic, Blended, Mélange, Cotton, Speciality and Value added yarns. Also manufacturing Fabrics, Denim and Green Polyester Fiber. Exports to over 78 countries ‘Golden T
Slide 25: RSWM – Overview: Installed Capacity
RSWM – Overview Installed Capacity 43000 MTs p.a. Green Polyester Fiber manufacturing capacity 445192 Spindles and 4800 Rotors Spinning 10 million meter p.a. PV Fabrics 24 million meter p.a. Fabric Processing 25 million mtrs p.a. Denim Fabric manufacturing capacity -Composite Facility (Spi
Slide 26: RSWM – Journey
RSWM – Journey 1960 – Company incorporated and in 1961 established a spinning unit at Bhilwara. 1973 - Second plant commissioned at Gulabpura. Later, Bhilwara plant was spun off as independent Company (Bhilwara Spinners Ltd.) 1989 - Established grey yarn spinning unit at Banswara. 1994 - Est
Slide 27: RSWM – Journey
RSWM – Journey 2011 – 2012 Executed another expansion plan with capital outlay of Rs. 400 Crore. Expanded capacity at Kharigram (SJ-11), Banswara (Rotors), Denim (Spinning), Mordi (50 Looms). 2014 - Established a Green Fiber manufacturing unit at Reengus with capacity of 18000 MTs p.a. 2015 –
Slide 28: Certifications
Certifications ISO 9001:2015 : Quality System Certification ISO EMS - 14001:2015 : Environment Management Certification OHSAS - 18001: 2007 : Health and Safety Certification SA- 8000:2015 (certified by BSI) : Social Accountability ISO EnMS – 5001 : 2012: Energy Management Systems Oeko-Te
Slide 29: Product Portfolio
Product Portfolio Synthetic Yarns – Grey/Dyed PV Blended, Poly 100%, Visc. 100%, Poly/Visc/Cotton Blended Specialty Yarns from unorthodox fibres like Bamboo, Bamboo-charcoal, Flex, Lycra, Tencel, Trevira CS, Birla Modal, Protex, X-static, Beltron, Huvis FR polyester etc. Melange Yarns - High value c
Slide 30: Branding
Branding cannello Melange verona Fabrics Yarns Edge Ultima Denim Ultra LNJ Denim 29
Slide 31: Manufacturing Units
Manufacturing Units 1. Spinning Unit - Kharigram, P.O. Gulabpura, Dist. Bhilwara, Rajasthan 2. Spinning Unit - Village Lodha, Banswara, Rajasthan 3. Spinning Unit - Rishabhdev, Dist. Udaipur, Rajasthan 4. Spinning Unit - Reengus, SP-1, Industrial Area, Reengus, Dist. Sikar, Rajasthan 5. Green Fibre
Slide 32: Corporate Governance
Corporate Governance • RSWM recognises Corporate Governance not as a set of rules but as a framework supporting the core values. • Good Governance helps us to maintain trust with the shareholders, stakeholders, employees and society at large • RSWM believes that good governance is the key to doing b
Slide 33: Corporate Information
Corporate Information Key Managerial Persons Corporate Office, Noida Mr. Riju Jhunjhunwala- Chairman & Managing Director Mr. B. M. Sharma - Joint Managing Director Mr. Avinash Bhargava - Chief Financial Officer Mr. Surender Gupta- Company Secretary Business Heads and Key Executives Mr. Prakash Mahes
Slide 34: Corporate Information
Corporate Information For further information, please contact: Shri Avinash Bhargava Shri Surender Gupta Chief Financial Officer Company Secretary Tel: 01483 222515 Tel: 0120 4390058 Cell: 9414005164 Cell: 9818646484 Email: cfo.rswm@lnjbhilwara.com Email: skg@lnjbhilwara.com Shri Rakesh Jain DGM – C
Slide 35: Disclaimer
DISCLAIMER This presentation is the property of RSWM Limited (the “Company”) and is strictly confidential. It contains information intended only for the person to whom it is transmitted. With receipt of this information, recipient acknowledges and agrees that: (i) this document is not intended to be