Indag Rubber Limited · BSE:INDAG
Indag Rubber — H1 FY2025 Earnings Presentation
36 slides from Indag Rubber's earnings presentation, Nov 25, 2024
Slide 1: Filing cover letter to BSE
lndag Rubber Limited Regd. Office: Khemka House, 11, Community Centre, Saket, New Delhi ·110017, India Phone: 26963172-73, 26961211, 26863310, 41664818, 41664043; Fax: 011- 26856350 E-mail: info@indagrubber.com; Website: www.indagrubber. com; CIN-L74899DL1978PLC009038 Works: Village Jhiriwala, Tehsi
Slide 2: Indag Rubber Limited Investor Presentation November 2024
INDAG RUBBER LIMITED The only alternate to new tyres Investor Presentation November 2024
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Indag Rubber Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: Q2 & H1 FY25 Financial Highlights
Q2 & H1 FY25 Financial Highlights
Slide 5: CEOs Message
CEOs Message Commenting on the Result, Mr. Vijay Shrinivas, CEO , Indag Rubber Limited said, “During Q2FY25, our revenue stood at ₹65 Crores, reflecting a 2% decline compared to the corresponding quarter of previous financial year. The industry experienced headwinds from rising natural rubber costs,
Slide 6: Q2 & H1 FY25 Financial Highlights
Q2 & H1 FY25 Financial Highlights Total Revenue* EBITDA & EBITDA Margins* Profit After Tax & PAT Margins 11.5% 9.6% 11.4% 8.4% 7.5% 6.1% 7.3% 4.8% 132.7 15.2 9.7 123.2 10.4 6.0 66.7 65.2 7.7 5.0 6.3 4.0 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 O
Slide 7: Q2 & H1 FY25 Profit & Loss Statement
Q2 & H1 FY25 Profit & Loss Statement Particulars (Rs. In Crs.) Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Revenue from Operations 61.0 64.2 116.5 127.5 Other Income 4.2 2.5 6.6 5.2 Total Revenue (incl. Other Income) 65.2 66.7 123.2 132.7 Total Raw Material 43.8 42.5 82.0 85.4 Gross Profit 21.4 24.1 41.1 47.3 G
Slide 8: Balance Sheet
Q4 & FY24 Balance Sheet Liabilities (Rs. In Crs.) Sep-24 Mar-24 Assets (Rs. In Crs.) Sep-24 Mar-24 Non Current assets Equity Property, Plant and Equipments 27.1 28.0 Share Capital 5.3 5.3 Capital Work-In-Progress 0.4 0.2 Other Equity 226.4 221.6 Investment Property 19.3 19.9 Total Equity 231.6 226.8
Slide 9: H1 FY25 Cash Flow Statement
H1 FY25 Cash Flow Statement Particulars (Rs. In Crs.) Sep-24 Sep-23 Net Profit Before Tax 7.4 12.3 Adjustments for: Non Cash / Other Items -1.2 0.3 Operating profit before working capital changes 6.1 12.7 Changes in working capital 3.0 -2.6 Cash generated from operations 9.1 10.1 Direct taxes paid -
Slide 10: The Only Alternate to New Tyres
THE ONLY ALTERNATE TO NEW TYRES… INDAG is dedicated to helping fleet owners reduce their expenses on buying new tyres providing lower tyre CPKM (Cost-per-Km) and curtailing carbon footprints making them a sustainable and green fleet AN EXCELLENT HISTORY OF PROVIDING BEST-IN-CLASS RETREADING MATERIAL
Slide 11: 15 Depots, 300+ Dealers, 3,000+ Retreaders
Presence PRODUCTS • Capacity of 20,000 MT p.a. • Servicing different vehicle types M&HCVs, LCVs, Passenger vehicles and Off-road PRECURED vehicles 15 Depots 300+ Dealers TREAD RUBBER • Specialized patterns for varied road applications such as highways, hills, mining, off-road 50+ Sales & Technical T
Slide 12: Journey
Journey Increased capacity at Nalagarh plant from Included as one of the best 6,000 MT to 13,800 MT 'Under 1 Bn’ company by Foray into Foreign market Forbes Asia Certificate of 1978 : Incorporated as JV with launch of "Zoma" Excellence from Inc 500 in between Khemka Group Brand 2012 & 2013 & M/S Ban
Slide 13: State of the Art Manufacturing Facility
State of the Art Manufacturing Facility State of the art manufacturing unit Located at Nalagarh Industrial Estate in Himachal Pradesh Advanced Technology in terms of machinery and equipment + State of the art Research and Development Center 12
Slide 14: Focused Management
Focused Management Mr. Nand Khemka Chairman & Managing Director M.S. in Foreign Trade & MBA from Columbia Mr. Shiv Khemka University, New York, U.S.A. Director Over 58 years of experience in promoting and Vice-Chairman of SUN Group, founded in the running successfully various organizations early 90’
Slide 15: Focused Management
Focused Management Mr. Nikhil Khanna Ms. Ranjana Agarwal Mr. Sushil Kumar Dalmia Non-Executive Director (Independent) Non-Executive Director (Independent) Non-Executive Director (Independent) Mr. Raj Kumar Agrawal Mr. Anil Bhardwaj Ms. Sonal Garg Non-Executive Director G.M.(Accounts) & CFO Company S
Slide 16: Voice of Customers
/] Voice of Customers R. R. LOGISTICS jaipur, Rajasthan INDAG ZZYL TREAD PATTERN TO RUN 1.4 LAKH KMs We are a prominent fleet with 80 vehicles primarily running on Ambala - Mumbai & Ambala-Hyderabad route. We had retreaded 88 tyres in the last 6 Months with Indag Tread (2ZVL & 2762 Patterns). We are
Slide 17: Voice of Customers
Voice of Customers Empowering mobility with trusted, cost-effective solutions, our satisfied customers choose us for unmatched tyre retreading excellence. 16
Slide 18: Building Brand Awareness – INDAG at Major EXPOs
Building Brand Awareness – INDAG at Major EXPOs Indag has been actively showcasing its product range and offerings on the domestic and global stage, having participated in 4 major exhibitions in last one year. Bombay Goods & Transport Bharat Mobility Global Automechanika Tire Cologne - Association E
Slide 19: Marketing Initiatives – Q2 FY25
Marketing Initiatives – Q2 FY25 Enhance Customer Brand Experience Owner-Driver Engagement through Instant Visual Appeal at Point of Sale Through Digital Campaign Targeted BTL Activities ✓ Promoting an easy-to-navigate digital ✓ 3D rendering & modeling of PTR designs ✓ Reaching out to more than 700+
Slide 20: Marketing Initiatives – Our Outreach Programs
Marketing Initiatives – Our Outreach Programs Indag has been a key player in promoting the circular tyre economy, showcasing the advantages of retreading as an alternative to industry stakeholders. Indag Rubber Ltd. made a significant impact at the Tire Cologne 2024 exhibition, highlighting our comm
Slide 21: Marketing Initiatives – Our Outreach Programs
Marketing Initiatives – Our Outreach Programs Indag is leading the way in the retreading industry by being the first to introduce club programs, reinforcing its position with franchisees. Top Dealer Facilitation (HANOI, VIETNAM) Top Retreader Facilitation (Goa) 20
Slide 22: Marketing Initiatives – Our Outreach Programs
Marketing Initiatives – Our Outreach Programs Indag has been actively building brand awareness across fleet owners leading to improved traction towards retreadings as an alternative for new tires Retreader Meets Canopy Activities Driver Trainings 21
Slide 23: Highly Underpenetrated Industry - Poised For Growth
Highly Underpenetrated Industry - Poised For Growth
Slide 24: Retreading - Strong Pillar of a Circular Economy
Retreading - Strong Pillar of a Circular Economy Retread Tyre (Retread New Tyre vs Process Only) 100 Kg CO2 21 Kg CO2 Raw Material Raw Material ✓ 20 Kg CO2 8 Kg CO2 Transport Transport 64 Kg CO2 19 Kg CO2 Tyre Manufacturing Tyre Manufacturing Process Process 184 Kgs. CO2 48 Kgs. CO2 Source: Global A
Slide 25: Retreading - The only Cost Saving Measure for Fleet Owners
Retreading - The only Cost Saving Measure for Fleet Owners Going forward, retreading of tyres is the Regulatory changes only considerable solution to reduce Increasing increasing CV prices costs Competition by 10-12% Retreading saves upto 70% of a new Increasing Toll tyre cost High Fuel Prices Costs
Slide 26: The Future of Retreading is Bright
The Future of Retreading is Bright As per ATMA, the Indian tyre industry is all set to more than double its revenue to USD 22 billion by FY 2032 from USD 9 billion in FY 2022 2022-23 2023-24P 2024-25P FY23– FY28P ROADS AND Make In India’ Segment Tonnes HIGHWAYS Manufacturing (‘000) Growth (%) Growth
Slide 27: Highly Underpenetrated Industry - Poised For Growth
Highly Underpenetrated Industry - Poised For Growth ◌ More distance travelled in lesser time ◌ Less Downtime & longer tread life Improved Road Infrastructure ◌ Higher tonnage vehicles with more tyres ◌ Less Damage to vehicles & tyres ◌ Fewer stopovers at check posts due to E- ◌ Restrictions on Overl
Slide 28: Indag Poised For Strong Growth
Indag Poised For Strong Growth Indag continues to be a leading player in the retreading industry, demonstrating a robust recovery post-COVID-19 and amidst global and domestic market challenges. Our compelling value proposition and unwavering commitment to product innovation are propelling our leader
Slide 29: Strategic Investment Update
Strategic Investment Update Diversification – Indag’s foray into Green Energy Sector Investment in Millennium Manufacturing Systems Pvt. Ltd. (erstwhile Indergy Power Systems Pvt. Ltd.) The Board of Directors of Indag approved a strategic investment in Millenium Manufacturing Systems Pvt. Ltd (erstw
Slide 30: CSR Initiatives
CSR Initiatives More than 550 students and 350 families are direct beneficiaries under the Education Program Indag is committed to empowering underprivileged communities through education and skill development The Company has partnered with The Nabha Foundation to provide literacy programs in primar
Slide 31: Historical Financials
Historical Financials
Slide 32: Historical Profit & Loss Statement
Historical Profit & Loss Statement Particulars (Rs. In Crs.) FY24 FY23 FY22 FY21* Revenue from Operations 251.2 243.9 166.9 169.8 Other Income 10.0 8.4 6.4 4.0 Total Revenue (incl Other Income) 261.2 252.2 173.3 173.9 Total Raw Material 169.4 174.3 120.2 107.6 Gross Profit 91.9 77.9 53.2 66.3 Gross
Slide 33: Historical Balance Sheet
Historical Balance Sheet Liabilities (Rs. In Crs.) Mar-24 Mar-23 Mar-22 Mar-21 Assets (Rs. In Crs.) Mar-24 Mar-23 Mar-22 Mar-21 Non Current assets Equity Property, Plant and Equipments 28.0 24.4 23.3 25 Share Capital 5.3 5.3 5.3 5.3 Capital Work-In-Progress 0.2 0.4 1.0 19.3 Other Equity 221.6 206.6
Slide 34: Historical Cash Flow Statement
Historical Cash Flow Statement Particulars (Rs. In Crs.) Mar-24 Mar-23 Mar-22 Mar-21 Net Profit Before Tax 21.8 17.2 2.9 3.5 Adjustments for: Non Cash / Other Items 1.1 1.8 0.7 13.1 Operating profit before working capital changes 23.0 19.0 3.6 16.6 Changes in working capital 2.6 -6.6 6.0 7.8 Cash ge
Slide 35: Dividend Pay-Out
Dividend Pay-Out Consistent Dividend Pay-Out 15% 17% 19% 19% 20% 29% 40% 59% 47% 247% 242% 48% 47% 12.6 12.2 10.7 9.5 8.4 8.0 6.4 6.0 5.1 5.0 4.1 3.0 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.0 1.6 1.2 1.0 1.0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 EPS DPS EPS & DPS are in Rs.
Slide 36: The Only Alternate to New Tyres
THE ONLY ALTERNATE TO NEW TYRES… For further information, please contact Company : Investor Relations Advisors : Indag Rubber Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L74899DL1978PLC009038 CIN: U74140MH2010PTC204285 Mr. Anil Bhardwaj, G.M.(Accounts) & CFO Mr. Deven Dhruva / Mr. Varun Shivram ani