Kesar Petroproducts Ltd. · BSE:KESARPE
Kesar Petroproducts — Q1 FY2026 Earnings Presentation
45 slides from Kesar Petroproducts's earnings presentation, Aug 26, 2025
Slide 1: BSE submission letter for Q1 FY26 earnings presentation
Date: 26.08.2025 To The Manager Listing Department, Bombay Stock Exchange Limited, P. J. Towers, Dalal Street, Fort, Mumbai - 400001 Scrip Code: 524174 Sub.: Submission of Earnings Presentation for Q1-FY25-26 as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation,
Slide 2: Kesar Petroproducts Limited Investor Presentation August 2025
KESAR PETROPRODUCTS LIMITED I N V E S T O R P R E S E N TAT I O N AUGUST 2025
Slide 3: Safe Harbour
Safe Harbour This Investor Presentation has been prepared by Kesar Petroproducts Limited does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not
Slide 4: About the company
About the company • Executive Summary 04 • Strategy in Execution 15 • About Kesar Petroproducts Limited 06 • Future Growth Strategies 16 • Business Overview 07 • By-Product Innovation 17 • Business Model 08 • Co-Generation Plant 18 • Revenue Mix Overview 09 • Industry Overview 19 • Business Process
Slide 5: Executive Summary
Executive Summary Diversified Pigment Operational Strong Industry Sustainability-led Manufacturer with Efficiency and Tailwinds and Future Revenue Streams Global Presence Margin Expansion Growth Plans Kesar Petroproducts Limited is a The company is focused on Kesar Petroproducts Limited has With Ind
Slide 6: About the Company
KESAR About the Company
Slide 7: About Kesar Petroproducts Limited
About Kesar Petroproducts Limited Kesar Petroproducts Limited is a leading pigments manufacturer specializing in Phthalocyanine Blue Crude and its downstream pigments in India, contributing up to 15% of the domestic Copper Phthalocyanine 1,500 tons market. The company has expanded its global footpri
Slide 8: Business Overview
Business Overview CPC Crude Blue Alpha Blue • Product Name: • Product Name: — CPC Crude Blue — Alpha Blue 15.0 — Activated Crude CPC Blue — Alpha Blue 15.1 • Used as Raw Material for producing downstream pigments • Raw Material : CPC Crude Blue & Sulphuric Acid • 600 metric tons out of 900 metric to
Slide 9: Business Model
Business Model Manufacturing Distribution End-User Raw Material Inventory Logistics Revenue Marketing Sourcing Strategy Strategy Breakup Strategy Domestic: 90% Inventory Domestic transport Distributors: 60% • Exhibitions (Maharashtra: 50%) Days: 45 players & Sea Manufacturers: 40% • Website & SEO In
Slide 10: Revenue Mix Overview
Revenue Mix Overview Pigments CPC Crude which includes CPC Crude Blue and CPC Crude Blue Activated generated 45% of the revenue in FY 2025 and 60% 40% 45% Pigments which includes Alpha Blue 15.0, Alpha Blue 15.1, 55% CPC Beta Blue 15.3 and Pigment Green 7 constituted 55% of the Crude Domestic Export
Slide 11: Business Process
Business Process CPC Crude Blue Alpha and Beta Blue Pigment Green Condensation of CPC Crude CPC Crude raw materials Solvent Size Reduction Chlorination extraction Purification Pigmentation Pigmentation FInishing Finished product: Pigment Green 7 CPC Crude Blue Alpha Blue Beta Blue 10
Slide 12: Centralized Manufacturing Facility
Centralized Manufacturing Facility Located at Lote Parshuram, the Chemical Belt of Maharashtra 11
Slide 13: Key Milestones
Key Milestones 1998 2006 2013 Kesar Petroproducts Limited Expanded the capacity of CPC Expanded product portfolio discontinued dye Crude Blue with the launch of Beta Blue manufacturing and manufacturing. transitioned to the production of Pigment Green 7. 1992 2002 2012 2014 Kesar Petroproducts Limit
Slide 14: Management Biography
Management Biography Plant Chairman CEO CFO Head Dinesh Sharma Shreyas Sharma Jignesh Desai Shrinivas Holennavar With 20+ years of experience in the Graduating with a B.Tech in Dyes and With 25+ years of experience, he is a He has 46 years of experience in the chemical industry and expertise in larg
Slide 15: Strategic Initiatives
KESAR Strategic Initiatives 14
Slide 16: Strategy in Execution
Strategy in Execution Stable Market Presence Economies of Scale Enjoys a stable market position both Consolidates production in one place to domestically and internationally, with a leverage economies of scale, ensuring cost- strong foothold in key markets. The company efficiency, competitive pricin
Slide 17: Future Growth Roadmap
Future Growth Roadmap Sustainable By-product Innovation: Cost Optimization for Margin Expansion Commenced the utilization of byproducts The Company is actively pursuing cost from the pigment manufacturing process efficiency measures to enhance its profit and are now entering the local market. These
Slide 18: Driving Profitability with Byproduct Innovation
Driving Profitability with Byproduct Innovation FY2026: Recognition of Profit generated from by-product complex fertilizers FY2027: Recognition of Profit generated from by-product complex fertilizers and 20.8% Net Profit Margin In $ Million by-product Zinc Phosphate and cost-savings associated from
Slide 19: Co-Generation: Enhancing Efficiency & Savings
Co-Generation: Enhancing Efficiency & Savings What is a Cogeneration plant? A cogeneration power plant, also known as a combined heat and power (CHP) plant or non-bagasse cogeneration, produces both electricity and heat from a single energy source. This process is more efficient than generating elec
Slide 20: Industry Overview
KESAR Industry Overview 19
Slide 21: India's Pigment Outlook
India’s Pigment Outlook India’s pigment industry to reach $3.5 billion by FY 2030 Installed Capacity (Metric tons/month) 4 ~7% 3.5 8,000 3 2.5 CAGR 2 1.8 1 Utilization Capacity: 7,500 metric tons/month 0 FY2020 FY2025 FY2030 Market Size ($ Billion) 1,000 4,000 Alpha Beta India Blue and Green Pigment
Slide 22: Global Vs India Pigment Industry
Global Vs India Pigment Industry Key Growth Drivers The Indian pigment industry is experiencing heightened demand from the paints and coatings sector, primarily due to the expansion of the construction and automotive industries. Pigment Market Size $2.5 $6 Increasing consumption in plastics, (FY 202
Slide 23: Emerging Trends in the By-Products Segment
Emerging Trends in the By-Products Segment Sales of Complex Fertilizers (in lakh tonnes) Zinc Phosphate Industry Market Size (in ₹ crores) FY2025E Production Capacity: 4,200–4,500 MTPA FY 2029 FY 2025 539 382 FY 2020 267 The Indian fertilizer market is projected to reach INR 1,38,380 crore by 2032,
Slide 24: Competitive Landscape
Competitive Landscape Narayan Organics Private Limited maintains a focused portfolio centered around pigments such as Pigment Blue 15.0, Pigment Blue 15.1, Pigment Blue 15.3 and Pigment Green 7. It produces its own Narayan Organics Private Limited electricity but does not engage in by-product utiliz
Slide 25: SWOT Analysis
SWOT Analysis • Diverse Pigment Portfolio • Concentrated • Entry into By-Products • Raw Material Price • Integrated Manufacturing Phthalocyanine Product Industry Volatility with Economies of Scale Line • Expansion Through New • Forex Exposure Due to • Global Export Footprint • Manufacturing Geograph
Slide 26: Financials
KESAR Financials 25
Slide 27: Balance Sheet
Balance Sheet Values (in ₹ lakhs) Particulars As at 31st March 2025 As at 31st March 2024 As at 31st March 2023 ASSETS Non-current assets (a) Property, plant and equipment 6,394 5,569 4,699 (b) Capital work-in-progress 5,608 5,170 4,624 (c) Financial assets (i) Investments 1,721 1,640 2,198 (ii) Tra
Slide 28: Income Statement
Income Statement Values (in ₹ lakhs) For the year ended For the year ended For the year ended Particulars 31st March 2025 31st March 2024 31st March 2023 Income Gross Revenue from operations 21,496 17,244 13,968 Less: GST Recovered 2,979 2,356 1,972 a) Revenue from operations 18,517 14,889 11,996 b)
Slide 29: Cash Flow Statement
Cash Flow Statement Values (in ₹ lakhs) For the Year ended For the Year ended For the Year ended Particulars 31st March 2025 31st March 2024 31st March 2023 A. Cash flow from operating activities: Profit before tax 1,331 495 98 Adjustment to reconcile profit before tax to net cash flows: Depreciatio
Slide 30: Quarterly Results
Quarterly Results In ₹ Lakhs Q1 FY26 Q1 FY25 YoY% Revenue from Operations 4,953 4,580 8.14% In Q1 FY 2026 , Kesar Petroproducts Limited delivered a strong financial performance. The Total Income 5,020 4,639 8.21% company reported Revenue From Operations of ₹4,953 lakhs registering a y-o-y growth of
Slide 31: Key Financial Indicators
Key Financial Indicators • The Revenue from Operations increased 24.1% YoY Return on Equity (%) Y-O-Y Revenue Growth (%) in FY 2024 and 24.4% YoY in FY 2025 due to 6.9% 24.1% 24.4% unlocking of capacities and increased production of value-added products – Alpha and Beta Blue 4.0% • The Return on Equ
Slide 32: Thank You
Kesar Petroproducts Limited D-711 Midclote Parshuram, Ratnagiri, Maharashtra, India, 415722 THANK YOU ADVISOR: Socradamus Capital Private Limited Gala No 203, Cama Industrial Estate, Sun Mill Compound, Delisle Road, Lower Parel West, Mumbai, Maharashtra, India - 400013. 32
Slide 33: Q1 FY26 Conference Call Transcript
Kesar Petroproducts Limited Q1 FY '26 Conference Call August 19, 2025 Moderator: Good afternoon, ladies and gentlemen and welcome to the Earnings Conference Call for Q1 FY '26 for Kesar Petroproducts Limited. As a reminder, all participant lines will be in the listen-only mode. There will be an oppo
Slide 34: Transcript Page 2
With that, let me hand it over to Shreyas for the financial and operational review. Over to you, Shreyas. Moderator: I would now request Mr. Shreyas Sharma - CEO, to share with the audience the company's performance in Q1 FY '26. Thank you and over to you, sir. Shreyas Sharma: Good afternoon, everyo
Slide 35: Transcript Page 3
Nishita: I just had a few questions. I wanted to know your EBITDA margin improved by 10% year-on- year. So can you tell me, what are the key drivers for this improvement? Shreyas Sharma: Ma’am, we have unlocked our capacities for our pigments, so we were basically CPC Crude manufacturers and now we
Slide 36: Transcript Page 4
Majid Ahamed: Very good set of numbers, sir. Thanks for the opportunity. Sir, my first question I have for you sir, what is the total capacity that we are having now as of Q1, and what is the current capacity utilization, and can you give us a break-up with the realization? Shreyas Sharma: So the to
Slide 37: Transcript Page 5
Mahakumbh was happening. So that was a realization for us. So, we have absolutely gone into modernization of our plant. So, we will be using less labor and trying to extract more production. So that is what we have invested in quite a lot. Majid Ahamed: So, the employee cost for the quarter will be
Slide 38: Transcript Page 6
Vignesh Iyer: Perfect. So again, coming to the part. So, on a rough estimate, right, 60%-65% utilization across your downstream products and CPC Blue Crude. So, what would be a timeline that you target to achieve the 75%-80% utilization across this product? Shreyas Sharma: Two quarters. Vignesh Iyer
Slide 39: Transcript Page 7
And if it is possible to give segment-wise gross margins, like for CPC Blue and the pigments and the fertilizer? Thank you. Shreyas Sharma: Yes, it is sustainable. So, I have already given you a breakup. So, you can extrapolate it basically. That 80% what I have told you about my pigment margins, so
Slide 40: Transcript Page 8
chasing new customers in such a scenario, in the global uncertainty, we rather focused on improving efficiency and making a solid business. This is what we are focusing on. Arvind Jadhav: Any plan of reducing debt? Shreyas Sharma: Yes. Arvind Jadhav: Sir, any plan of reducing debt? Shreyas Sharma: A
Slide 41: Transcript Page 9
Shreyas Sharma: No. The debt level is significantly lower. A lot of our own reserves have gone into it. We have working capital. If we remove working capital, long-term is about Rs. 30 or Rs. 40 crores. That is primarily related to the plant and machinery. Vignesh Iyer: And we are planning to reduce
Slide 42: Transcript Page 10
Shreyas Sharma: It will be somewhere in the range of 35%-40%. Vignesh Iyer: No, per ton realization? It will be around realization per ton that we can achieve if we sold one ton of fertilizer today in the market, so what would be the amount that, entire amount if you can, absolute amount if you can
Slide 43: Transcript Page 11
Shreyas Sharma: Around 25%. Chetan Jain: So, 25% of our revenues, if we hit 100% capacity, right? Shreyas Sharma: No, at 75%. At 75% only, we will hit 20%, 20%-25%. At 75% production capacity, we will hit 20%-25% revenue from our downstream, from our production. Chetan Jain: And if we hit 100% of ou
Slide 44: Transcript Page 12
Shreyas Sharma: No, so the asset of Shreyas Intermediates is completely controlled by Kesar. Kesar is holding the asset of Shreyas Intermediates. Henry Sequeria: Yes, but this course of incidence. Moderator: Sir, you are not quite audible. You will have to come back again. Thank you. The next questi
Slide 45: Transcript Page 13
Moderator: Thank you. Ladies and gentlemen, as there are no further questions, I would now like to hand the conference over to Mr. Dinesh Sharma - Chairman for closing comments. Please go ahead, Mr. Sharma. Dinesh Sharma: Thank you for your time, your questions, and most importantly, your continued
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