Bsl Ltd · NSE:BSL
Bsl — Q3 FY24 Earnings Presentation
33 slides from Bsl's earnings presentation, Feb 12, 2024
Slide 1: Exchange filing cover letter
BSLLtd. REGO. OFFICE : 26, Industrial Area, Gandhi Nagar, BHILWARA-311 001 (Rajasthan) INDIA Tel. : (91 1482) 245000, Website : www.bslltd.com www.bslltd.com E-mail : accounts@bslsuitings.com C.I.N.: L24302RJ1970PLC002266 REF: BSL/CS/2023-24/ Dated: 12th February, 2024 National Stock Exchange of Ind
Slide 2: Q3 & 9M FY24 Investor Presentation
Q3 & 9M FY24 Investor Presentation NSE: BSL BSE: 514045
Slide 3: 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 4: Table of Content
TABLE OF CONTENT Q3 & 9M FY24 FINANCIAL PERFORMANCE 01 DRIVERS OF GROWTH 02 COMPANY PROFILE 03 ESG INITIATIVES 04 MANAGEMENT TEAM 05 ANNEXURE 06 03 Investor Presentation || Table Of Content Q3 & 9M FY24
Slide 5: Financial Performance
Q3 & 9M FY24 FINANCIAL PERFORMANCE
Slide 6: Chairman Message
CHAIRMAN MESSAGE Commenting on the results, Mr. Arun Churiwal, Chairman of BSL Limited said, “I am pleased to share the progress BSL Limited has made despite challenges. Our commitment to sustainability has been crucial in our success, helping us navigate difficult situations with resilience and det
Slide 7: Managing Director Message
MANAGING DIRECTOR MESSAGE Commenting on the results, Mr. Nivedan Churiwal, Managing Director of BSL Limited said, “Amidst global economic challenges, our company has not only consistently maintained profitability quarter after quarter but has also shown resilience in the face of declining topline gr
Slide 8: Q3 & 9M FY24 Key Highlights
Q3 & 9M FY24 KEY HIGHLIGHTS Performance highlights for Q3 FY24 ❑ Revenue from Operations for Q3FY24 decreased by 4.3% on QoQ basis and increased by 58.4% on YoY basis to ₹171 crores. ❑ In Q3FY24, EBIDTA stood at ₹18 crores, showing an increase of 12.9% on a QoQ basis and 19.9% on a YoY basis. The EB
Slide 9: Financial Performance: Q3 FY24
FINANCIAL PERFORMANCE: Q3 FY24 Revenue Gross Profit & GP Margin(%) ₹ in Cr 58% YoY 16% YoY 3% QoQ 179 171 74 76 65 108 60.5% 41.3% 44.4% Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 EBITDA & EBITDA Margin(%) PAT & PAT Margin(%) 20% YoY 13% QoQ 56% QoQ 5.3 18 3.9 15 16 2.5 13.8% 8.9% 10.5% 4.9% 1.4% 2.3
Slide 10: Financial Performance: 9M FY24
FINANCIAL PERFORMANCE: 9M FY24 Revenue Gross Profit & GP Margin(%) ₹ in Cr 45% YoY 17% YoY 510 220 189 353 53.6% 43.2% 9M FY23 9M FY24 9M FY23 9M FY24 EBITDA & EBITDA Margin(%) PAT & PAT Margin(%) 27% YoY 13 49 38 9 10.9% 9.6% 3.7% 1.7% 9M FY23 9M FY24 9M FY23 9M FY24 09 Investor Presentation || Fin
Slide 11: Segmentwise Revenue Performance: Q3 FY24
SEGMENTWISE REVENUE PERFORMANCE: Q3 FY24 Fabric Furnishing Yarn Others 4% 4% 5% 15% 44% 46% 21% 11% 11% 60% 41% 38% Q3FY23 Q2FY24 Q3FY24 10 Investor Presentation || Financial Performance Q3 & 9M FY24
Slide 12: Sustained Growth Despite Challenges: Q3 FY24
SUSTAINED GROWTH DESPITE CHALLENGES: Q3 FY24 Q3 FY23 ₹ in Cr ❑ During the quarter, we maintained consistent growth momentum QoQ in our profitability despite of (4.3%) growth in top line, while EBITDA and PAT grew 12.9% & 55.7% respectively. ❑ The initiation of our new cotton yarn spinning unit in FY
Slide 13: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE ₹ in Cr Revenue Gross profit & GP Margin(%) 472 437 436 250 390 224 210 199 321 166 47.9% 51.0% 51.6% 51.4% 52.9% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA & EBITDA Margin(%) PAT & PAT Margin(%) 17 51 11 40 35 3.6% 31 30 2.6% 10.9% 0.4% 0.4% 9.4% 9.2%
Slide 14: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE ROCE RONW Fixed Asset Coverage Ratio In times 10.9% 16.3% 9.7% 12.9% 7.6% 7.4% 7.3% 3.1 2.3 1.8 1.4 1.3 2.2% 1.7% 1.1% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Net Working Capital ₹ in Cr Net Debt ₹ in Cr Net Debt to Equity 45.7 3.3
Slide 15: Drivers of Growth
B DRIVERS OF GROWTH
Slide 16: Drivers of Growth
DRIVERS OF GROWTH 1. Robust Demand 2. Support Govt. policy 3. China +1 strategy 4. Investments Plan 5. Aggressive Marketing ▪ In 2021, the Indian textile & ▪ India is working on getting a Free ▪ China Plus One sentiment ▪ BSL has recently commenced ▪ BSL Limited’s marketing strategy is apparel indus
Slide 17: Company Profile
COMPANY PROFILE
Slide 18: About BSL
ABOUT BSL Manufacturer of an extremely diverse range of textile products ranging from synthetic, worsted, and now cotton yarn to synthetic & worsted suiting's and a variety of furnishing fabrics. Formed in 1971 and growing from strength to strength. South Asia’s leading supplier of furnishing
Slide 19: Company Profile: Milestones and Capacity
COMPANY PROFILE MILESTONE CAPACITY ▪ BSL has started its Cotton Spinning Project with 29,184 spindles, capable of 2023 producing around 700 tons per month. Production Particulars Capacity ▪ The company took decisive step to venture into furnishing fabrics and over the Mid 2000’s last decade or more,
Slide 20: Business Verticals – Suitings
BUSINESS VERTICALS – SUITINGS BSL PROVIDES FINEST PREMIUM SUITING FABRICS FOR BOTH DOMESTIC & EXPORT MARKETS PV FABRICS PW FABRICS TR FABRICS 19 Investor Presentation || Company Profile Q3 & 9M FY24
Slide 21: Business Verticals - Furnishings
BUSINESS VERTICALS - FURNISHINGS The New Benchmark From Soft Furnishing Fabrics To Upholstery Fabrics & Exquisite Silk Fabrics Offers A Wide Range Of Premium Furnishing CURTAIN FABRICS FURNITURE FABRICS SILK FABRICS 20 Investor Presentation || Company Profile Q3 & 9M FY24
Slide 22: Business Verticals - Yarns
BUSINESS VERTICALS - YARNS THE YARNS DEFINE FABRICS POLY VISCOSE VORTEX YARN YARN POLY WOOL COTTON YARN YARN The highest quality fabrics begin with yarn that comes from a state-of-the-art manufacturing facility. Made of different materials, color patterns, gauges, and weights, our yarns are a testam
Slide 23: Strong Parentage
STRONG PARENTAGE ELECTRODES POWER CONSULTANCY ▪ Indo Canadian Consultancy Services Limited ▪ HEG Limited POWER TEXTILES ▪ Balephi Jal-Vidyut Co. P. Limited - Nepal ▪ BSL Limited ▪ NJC Hydro Power Limited ▪ Maral Overseas Limited ▪ AD Hydro Power Limited ▪ RSWM Limited ▪ Bhilwara Energy Limited ▪ Bhi
Slide 24: ESG Initiatives
ESG INITIATIVES
Slide 25: Environment
ENVIRONMENT M.E.E. – Multiple Effect Evaporator and R.O. Plant Agro-Fuel – From July’22 onwards, in line with Global Sustainability Initiatives, the fuel system for both Boiler & Thermopack is being changed to Agro-Fuel instead of Fossil Fuels. Z.L.D. – Zero Liquid Discharge and E.T.P. – Effluent Tr
Slide 26: Social
SOCIAL Corporate social responsibility is also called corporate conscience, corporate citizenship, social performance, or sustainable business. It is a form of corporate self regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business
Slide 27: Governance
GOVERNANCE Internal Control Systems • The Company has adequate Internal Control Systems, commensurate with the size, scale and complexity of its operations. • The Audit committee quarterly reviews the Executive summary on the internal audit findings along with the recommendations and management comm
Slide 28: Management Team
B MANAGEMENT TEAM
Slide 29: Management Team
MANAGEMENT TEAM Shri Arun Churiwal Shri Nivedan Churiwal Shri Praveen Jain Chairman Managing Director CFO & Director (Operations) B.A. (Hons.), 50+ years of experience B.Com, 23+ years of experience F.C.A., F.C.S., F.C.M.A., 33+ years of experience 28 Investor Presentation || Management Team Q3 & 9M
Slide 30: Board Members
BOARD MEMBERS Shri Arun Churiwal Shri Praveen Jain Chairman, B.A. (Hons.), 50+ years of experience 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, F.C.A.
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: Thank You!
Thank You! GET IN TOUCH WITH US BSL Limited Investor Relation Consultancy Shri Nivedan Churiwal Shri Praveen Jain Rik Consultancy and Advisory Services LLP Managing Director CFO & Director (Operations) Mr. Ritesh Shashiprakash Singh E: nivedan@bslltd.com E: praveenjain@bslsuitings.com M: +91 8329 38
Slide 33: Annexure: Profit & Loss Statement
ANNEXURE Profit & Loss Statement ₹ in Cr Quarterly Nine - Month Yearly Parameter Q3FY24 Q2FY24 QoQ Q3FY23 9M FY24 9M FY23 FY23 Total Income 171.1 178.9 (4.3)% 108.1 510.8 353.7 472.7 Raw Material Cost 93.6 102.0 58.1 280.2 187.8 254.0 Employee Cost 22.7 23.1 19.2 68.4 57.2 75.5 Power, Fuel & Water C