Solar Industries India Limited · NSE:SOLARINDS
Solar Industries India — Q2 FY2020 Earnings Presentation
22 slides from Solar Industries India's earnings presentation, Nov 7, 2019
Slide 1: Solar Industries India Limited
SOLAR Safety» Ouality e Reliability November 7, 2019 To, To, The Executive Director The Executive Director Listing Department Listing Department National Stock Exchange of India· Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor No. 25, PJ Towers Bandra (E) Dalal Street Mumbai Mumbai :
Slide 2: Delivering Value Through Excellence
Delivering Value Through Excellence Q2FY20
Slide 3: Safety – Top Priority!
Safety – Top Priority ! 15.27 0 Million Accident Free Man Hours Reportable injury Total Man Hours of No. of Trainings Conducted No. of Personnel Trained Training Supervisors Supervisors/ Operators/ Supervisors/ Operators/ Operators/ / Executives Workers Executives Workers Workers Executives 70 638 1
Slide 4: Statutory & Regulatory
Statutory & Regulatory During the Quarter company has complied with all the compliances applicable under various Acts & Stock Exchange compliances mentioned below and the same are also available on Company’s Website: Certificate of lodgment for transfer, Sub-division, consolidation, renewal, exchang
Slide 5: Statutory & Regulatory
Statutory & Regulatory Pursuant to SEBI Prohibition of Insider Trading Regulations, 2015 the Company along with its Registrar & Transfer Agent monitors the trading activities and ensures that there are no instances of Insider Trading. Intimation of Closure of Trading Window Pursuant to SEBI (Prohibi
Slide 6: Consolidated Quarterly Results
Consolidated Quarterly Results % of Net Rs. In Crores Sales Q1FY20 Q2FY20 Q2FY19 Change yoy Q1FY20 Q2FY20 Q2FY19 Change Net Sales 620.03 506.56 520.86 (2.75%) EBIDTA 130.28 112.79 111.06 1.56% 21.01% 22.27% 21.32% 0.95 Interest/ Fin 12.09 14.42 12.68 13.72% 1.95% 2.85% 2.43% 0.42 Depreciation 19.51
Slide 7: Q2 FY20 v/s Q2 FY19
Q2 FY 20 V/S Q2 FY 19 Quantity (MT) Explosives Rate Explosives 6% 63611 Over FY20 3% 34015 Over FY20 67529 Over FY19 33098 Over FY19 Value (Cr) Explosives Value (Cr) Accessories 3% 216 crs Over FY20 20% 67 crs Over FY20 224 crs Over FY19 56 crs Over FY19
Slide 8: Cost-Break-Up
Cost-Break-Up Q1FY20 Q2FY20 Q2FY19 57.41% Material Consumed Material Consumed 51.71% 53.90% Material Consumed 5.70 2.19 8.46% Employee Cost Employee Cost 8.93% 8.32% Employee Cost 0.47 0.61 14.04% Other Exp 4.25 Other Exp 18.29% 1.10 17.19% Other Exp 1.95% Finance 0.90 Finance 2.85% 0.41 2.43% Finan
Slide 9: Customers
Customers Customer Q1FY20 % of Q2FY20 % of Q2FY19 % of sales Sales sales CIL 109.91 17.73% 75.3 14.86% 83.76 16.08% Institutional 71.80 11.58% 65.52 12.93% 63.13 12.12% Housing & Infra 211.47 34.11% 109.41 21.60% 102.75 19.73% Exports & Overseas 195.45 31.52% 202.34 39.94% 219.66 42.17% Defense 25.2
Slide 10: Consolidated Half Yearly Results
Consolidated Half Yearly Results % of Net Rs. In Crores Sales HYFY20 HYFY19 Change yoy HYFY20 HYFY19 Change Net Sales 1126.59 1135.58 (0.79%) - -- EBIDTA 243.07 246.94 (1.57%) 21.58 21.75 (0.17) Interest/ Fin 26.51 24.60 7.76% 2.35 2.17 0.18 Depreciation 40.36 29.11 38.65% 3.58 2.56 1.02 PBT 176.20
Slide 11: HYFY20 v/s HYFY19
HYFY20 V/S HYFY19 Quantity (MT) Explosives Rate Explosives 1% 156142 Over FY20 6% 35766 Over FY20 158152 Over FY19 33889 Over FY19 Value (Cr) Explosives Value (Cr) Accessories 4% 558 crs Over FY20 27% 149 crs Over FY18 536 crs Over FY19 117 crs Over FY19
Slide 12: Cost-Break-Up
Cost-Break-Up HYFY20 HYFY19 54.85% Material Consumed Material Consumed 55.41% 0.57 8.67% Employee Cost 7.89% Employee Cost 0.78 Other Exp 15.95% 15.95% Other Exp 0.00 2.35% 0.19 Finance 2.17% Finance
Slide 13: Customers
Customers HYFY20 % of Sales HYFY19 % of sales CIL 185.21 16.44% 176.48 15.54% Institutional 137.32 12.19% 149.51 13.17% Housing & Infra 320.88 28.48% 266.05 23.43% Exports & Overseas 397.79 35.31% 456.58 40.21% Defence 69.91 6.21% 72.01 6.34% Others 15.48 1.37% 14.95 1.32% Total 1126.59 1135.58 1.37
Slide 14: Effective Tax Rate
Effective Tax Rate The Company has adopted the option of lower tax rate as provided in the Taxation Law Amendment Ordinance, 2019 and consequent impacts on tax expense have been considered for the quarter and half year ended 30 September 2019” The total estimated tax savings of the company expected
Slide 15: Key Initiative
Key Initiative The company has entered into the Business of Propulsion system for space application, which is synergistic with current business of ammunition. This will enable it to develop and offer products which will cater to the demand of ISRO and other companies in India and across the globe. I
Slide 16: Loan Position
Loan Position FY2018-19 Q2FY20 Working Capital ₹ 309.40 Working Capital ₹ 353.87 Domestic ₹ 45.21 Domestic ₹ 54.21 Overseas ₹ 264.19 Overseas ₹ 299.66 Long Term ₹ 289.87 Long Term ₹ 302.84 Domestic ₹ 203.77 Domestic ₹ 222.91 Overseas ₹ 86.10 Overseas ₹ 79.93 Total Debt ₹ 599.27 Total Debt ₹ 656.71 T
Slide 17: Balance Sheet (Extract)
Balance Sheet (Extract) Particulars HYFY20 FY18-19 Capital Employed 1637.36 1553.01 ROCE (%) 27.51% 29.48% ROE (%) 24.50% 21.13% Debtor Days 59 59 Inventory Days 71 74 Creditor Days 35 43 Working Capital Days 95 90
Slide 18: Capex
Capex The total capex for HYFY20 is ₹ 110 Crs. The total plan for this year is ₹ 250 Crs.
Slide 19: Order Book Status
Order Book Status The total order book in hand is 1645 crores Coal India’s Approx 1067 Crs SCCL’s Bulk + Accessories valuing approx 214 Crs Defence As-on-date stands at approx 364 Crs.
Slide 20: Shareholding as on 30.09.19
Shareholding as on 30.09.19 0.68 3.61 Mutual Funds :16.8 1.79 HDFC (5.47), SBI MF (4.67), Kotak Fund (3.38), DSP Rock (1.80), Others ( 1.48) 16.80 FPI : 3.61 3.97 India Midcap (Mauritius) Limited (0.79) DFA Investment Group (0.32),Fidelity (2.03), Others (0.47) GIC & Its Subsidiaries Mutual Funds Pu
Slide 21: Solar Industries vs. BSE Smallcap
Solar Industries vs. BSE Smallcap 1400 16000 1200 14000 1000 12000 800 10000 600 8000 01-Apr-19 01-May-19 31-May-19 30-Jun-19 30-Jul-19 29-Aug-19 28-Sep-19 4.28% Solar Industries (LHS) BSE Smallcap (RHS) -13.03%
Slide 22: Thank You
Thank You Solar Industries India Limited
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