India Pesticides Ltd. · NSE:IPL
India Pesticides — Q4 FY2024 Earnings Presentation
30 slides from India Pesticides's earnings presentation, May 31, 2024
Slide 1: Cover letter to exchanges: Investor Presentation for Q4 FY2024 results
INDIA PESTICIDES LIMITED An ISO 9001:2015, 14001:2015, 45001:2018 and 10002:2018 Company CIN No. L24112 UP1984PLC006894 GSTIN- 09AAACI3591D1ZO IPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLI
Slide 2: India Pesticides Limited Q4 and FY2024 Investor Presentation
INDIA PESTICIDES LIMITED Q4 and FY2024 Investor Presentation May 2024 www.indiapesticideslimited.com
Slide 3: Index
INDEX Page No. 4-8 Financial Performance Page No. 10-15 Company Overview Page No. 17-19 Growth Strategies Page No. 21-22 Management Page No. 24-27 Sustainability and Key Takeaways 2
Slide 4: Financial Performance
FINANCIAL PERFORMANCE 3
Slide 5: Q4 and FY2024 Performance Highlights
Q4 and FY2024 Performance Highlights Management Commentary Q4 FY2024 “FY24 has been a challenging year for our industry, marked by significant headwinds from international markets due to decreased demand and high channel inventory. Additionally, the conflict in the Red Sea region has led to a signif
Slide 6: FY2024 Performance Highlights
FY2024 Performance Highlights Rs in Cr. Total Income Gross Profit and Margins 898 413 696 297 43% 46% FY23 FY24 FY23 FY24 EBITDA and Margins PAT and Margins 210 143 102 16% 60 23% 15% 9% FY23 FY24 FY23 FY24 INVESTOR PRESENTATION Consolidated numbers 5 5
Slide 7: Revenue Break-up
Revenue Break-up Technicals + APIs constitute 72% of revenue during FY2024 Rs in Cr. Technicals + API FY2024 Revenue Split 707 507 541 492 28% 72% FY21 FY22 FY23 FY24 Technical + API Formulations Formulation 175 178 188 136 40% 60% FY21 FY22 FY23 FY24 Domestic Exports INVESTOR PRESENTATION Consolida
Slide 8: Q4 and FY2024 Performance Summary
Q4 and FY2024 Performance Summary YoY QoQ YoY (Rs. In Cr.) Q4 FY24 Q4 FY23 Q3 FY24 FY24* FY23 % % % Total Income 130 201 (35.4)% 155 (16.0)% 696 898 (22.6)% Gross Profit 63 92 (31.6)% 84 (24.8)% 297 413 (28.0)% Gross Margin (%) 48.5% 45.8% 54.1% 42.8% 46.0% EBITDA 7 45 (83.6)% 37 (80.1)% 102 210 (51
Slide 9: Liquidity Profile
Liquidity Profile Cash & bank balances at INR 132 Cr. (Rs. in Cr.) 31st Mar 2022 31st Mar 2023 31st Mar 2024 Cash Flow from Operations (Rs. In Cr.) Cash & Bank Balance including 119 109 99 140 76 Long term deposit Add Investment 17 12 10 45 Less: Borrowings 14 4 18 Net Cash 141 115 132 FY22 FY23 FY2
Slide 10: Company Overview
COMPANY OVERVIEW 9
Slide 11: India Pesticides at a Glance
India Pesticides at a Glance Diversified product offerings, ability to develop client specific molecules quickly and efficiently An R&D-driven chemical manufacturer of Agrochem technical & APIs, along with 1 growing Formulation's business 2 Active Manufacturing Facility Sole Indian manufacturer and
Slide 12: Our Journey
Our Journey 2024 2023 Incorporated a new subsidiary Received “Amona 2021 environmental Specialities clearance of Private Limited” India Pesticides Hamirpur 2020 Limited listed on expansion BSE and NSE project Acquired Shalvis 2018 Specialties 100% subsidiary and Land Commencement of for new export o
Slide 13: Competitive Strengths: People, Process and Productivity
Competitive Strengths We believe in People, Process and Productivity and follow highly customer centric approach Diversified and Trusted Global Presence Quality Product In-House R&D in Customer Base Offerings India Tie-ups with top Sales network in 25+ Products comply with Capable of designing chemi
Slide 14: Customer Profile
Customer Profile Long term customer relationships developed over the years driven by quality product offerings Key Customers • Major customers include MNCs that look to collaborate with active ingredient manufacturers in India • Customer relationships are led by the ability to manufacture complex of
Slide 15: Manufacturing Facility and Sales Network
Manufacturing Facility and Sales Network Manufacturing Facilities Manufacturing Facilities Plants as on 31.03.24 Technicals (MTPA) Formulations (MTPA) Presence Sales Network Dewa Road, Lucknow 2,100 3,000 R&D Centers Sandila, Hardoi 22,100 3,500 Upcoming Manufacturing Facility Total 24,200 6,500 Cos
Slide 16: Product Overview
Product Overview Leading manufacturer of certain Technical along with Captan, Folpet and Thiocarbamate Herbicide, in terms of production capacity Key Technicals Category Application PEDA Intermediate Used For Pretilachlor Pyriproxyfen Insecticides Used in field crops Diafenthiuron Insecticides Used
Slide 17: Growth Strategies
GROWTH STRATEGIES 16
Slide 18: Investment Case
Investment Case ❖ R&D focus led to the launch of market-leading products and the receipt of the Technical In-house R&D and Equivalence (TEQ) certification from the EU Backward Integration 1 ❖ In-house R&D and backward integration of process and technology, with 2 in-house R&D centers ❖ Planning to i
Slide 19: Strengths & Strategies
Strengths & Strategies Product portfolio and capacity expansion will be driving factors for growth Strength Strategies R&D and Product Enhancing Deliberated Strong R&D and product development Portfolio Expansion Approach on ESG & HSE capabilities Diversified portfolio of niche and quality o Leveragi
Slide 20: Capex Plans
Capex Plans Consistent efforts towards generating and serving future potential demand Capacity Expansion Sandila + Hamirpur Sandila Expanding the installed Budgeted Capex of Rs. Incurred Capex of Rs. ~55 capacity by 2,000 MT at Growing ~110 Crore for FY25 Crore During FY24 Sandila Demand Attractive
Slide 21: Management
MANAGEMENT 20
Slide 22: Promoter Group and Board Members
Promotor Group and Board Members Madhu Dikshit Anand Swarup Agarwal Chairperson Director, Founder and Promoter Mohan V Tanksale Vishal Swarup Agarwal Independent Director Non- Executive Director Adesh K Gupta Vishwas Swarup Agarwal Independent Director Non- Executive Director Rahul A Bagar
Slide 23: Key Management Personnel
Key Management Personnel Dheeraj Kumar Jain Aditya Kumar Nigam Chief Executive Officer - IPL Chief Executive Officer - SSL Satya Prakash Gupta Ajeet Pandey Chief Financial Officer Company Secretary and Compliance Officer INVESTOR PRESENTATION 22 22
Slide 24: Sustainability
SUSTAINIBILITY 23
Slide 25: Engagement with Farmers
Engagement with Farmers Empowering Agriculture India Pesticides Limited (IPL) has exemplified its commitment to the farming community by actively engaging with farmers through impactful campaigning and enthusiastic participation in Farmer's exhibitions. Recognizing the crucial role farmers play in o
Slide 26: Our CSR Involvement
Our CSR Involvement Rain Water Harvesting Samagra Sudhar Chuppi Tod; Halla Bol 13 – Climate Action 4 – Quality Education 3 – Good Health and Well Being Rainwater Harvesting has been developed 5 – Gender Equality 4 – Quality Education on roof top of two Government schools in 7 – Affordable and Clean
Slide 27: ESG – FY2024
ESG – FY2024 Environment Sustainability E S Socially Responsible G Diversified Board Structure • The ‘Food Forestation’ project • Conducted skill development • A diverse board is essential for transformed idle lands at five specified programs for Aanganwadi workers sustaining our competitive advanta
Slide 28: Key Takeaways
Key Takeaways Board and Management is committed to continuous growth and sustainability Manufacturing capacity expansion will Higher return ratios due to efficient create economies of scale and improve capital and asset utilization efficiency in manufacturing processes Consistent growth with Product
Slide 29: Disclaimer
Disclaimer Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The company's results may b
Slide 30: India Pesticides Limited – Contact
INDIA PESTICIDES LIMITED For further information, please contact S P Gupta Chief Financial Officer India Pesticides Limited +91 522 265 3602 investor@indiapesticideslimited.com Atul Modi / Simran Malhotra Investor Relations Advisor Churchgate Partners +91 22 6169 5988 ipl@churchgatepartners.com www.