Mitsu Chem Plast Ltd · BSE:MITSU
Mitsu Chem Plast — Q4 FY22 Earnings Presentation
43 slides from Mitsu Chem Plast's earnings presentation, September 2023
Slide 1: Maximising Value, Growing Sustainably
MAXIMISING VALUE GROWING SUSTAINABLY MITSU CHEM PLAST LIMITED Investor Presentation | Q4 FY22
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Mitsu Chem Plast Limited (‘Mitsu Chem/Mitsu,’ the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 3: Company Overview
Company Overview Investor Presentation 3
Slide 4: Company Overview
Company Overview Established in 1990 Leading Manufacturer Listed On BSE Mainboard Leading manufacturer of wide The company with more than 500 The Company has emerged as the range of products in plastic blow plus SKU’s is today catering to promising player & has migrated molding, Injection Molding &
Slide 5: Mitsu Chem Journey
Mitsu Chem Journey Acquired plant & 1990 2007 machinery of NOCIL from 2010 Reliance Acquired additional land for expansion at Ventured in Automotive Entered the markets with Tarapur unit component Infrastructure chairs 1st Manufacturing unit at 2nd Manufacturing unit at Pioneer's of Hospital Tarapur
Slide 6: Mitsu Chem Journey
Mitsu Chem Journey 2012 2017 2019 Ventured in the capital Markets with IPO on BSE SME Platform @ Crossed Rs100cr Migrated to Main Board of IPO Price of INR - 95 turnover in FY18 BSE and completed 30 years Manufacturing unit at Acquired Business, Plant & New manufacturing Rudrapur, Uttrakhand machine
Slide 7: Successful Track Record For Business Acquisitions
Successful Track Record For Business Acquisitions 2008 2017 2019 NOCIL (Reliance ) Shree Rubber Plast Co Pvt Ltd. Prince Multi Plast Pvt Ltd. Acquired Business plant & Acquired Business, Plant & Takeover LBM Business machinery machinery Along with Plant & Machinery Investor Presentation 7
Slide 8: Molding Capabilities
Molding Capabilities BLOW MOLDING INJECTION MOLDING CUSTOM MOLDING ▪ HDPE, PP, Filled PP ▪ PE, PP, Filled PP ▪ Pharma, Chemical, ▪ HDPE, PP, Filled PP Food, Flavor & ▪ Pharma, Chemical, ▪ Pharma, Automotive, Food, Agrochemicals Hospital Bed Parts, Fragrances, Auto Filters Automotive, Agrochemicals I
Slide 9: Green Initiatives For Sustainable Growth
Green Initiatives For Sustainable Growth o Manufacture of Reusable and Recyclable Products o Rain Water Harvesting Systems o Using LED’s and Motion sensor based tube lights. o Transparent Polycarbonate Roof Tops o 100% Virgin Material o Certified by TFS (Together for sustainability) o Plantation dri
Slide 10: Key Highlights
Key Highlights Sales of 3 Manufacturing Rs.259 Cr In FY22 Facilities Installed Capacity of 46 Blow Moulding 22,800 + Metric Machines Tonnes per annum 500+ clients, out of 12 Injection which more than 30 Moulding are Fortune 500 Machines customers 600+ Employment 500+ SKU’s Generation Investor Presen
Slide 11: Strategically Located Manufacturing Units
Strategically Located Manufacturing Units UNIT 20,000 SQ.FT 01 Tarapur (Maharashtra) UNIT 36,000 SQ.FT 02 Tarapur (Maharashtra) UNIT 73,000 SQ.FT 03 Khalapur (Maharashtra) Mitsu Chem has opened a depot at Delhi & Hyderabad to cater the clients of north & south India respectively. Investor Presentati
Slide 12: Well Equipped & Certified Plant
Well Equipped & Certified Plant All plants are well CERTIFICATIONS equipped with all types testing ▪ CE CERTFICATE equipment's ▪ 5-S IMPLEMENTION ▪ Drop Tester ▪ QC METHODOLOGY ▪ Hydraulic Pump ▪ ONLINE TESTING/PDI/CAPA ▪ Pneumatic Pump ▪ MEMBER OF TOGETHER FOR SUSTAINABILITY ▪ Digital Weighing Bala
Slide 13: Skills that Differentiate us from Competition
Skills that Differentiate us from Competition CAPABILITY TO HANDLE PP, PE, PRODUCT STRONG CLIENT 1 3 HDPE, NYLON & 5 INNOVATION RELATIONSHIPS ABS FOR DIVERSE PRODUCT RANGE OUT-OF-THE-BOX CONSULTATIVE VALUE 2 4 6 THINKING APPROACH ENGINEERING CULTURE Investor Presentation 13
Slide 14: Business Overview
Business Overview Investor Presentation 14
Slide 15: Emerging as a Promising Player in Plastic Molding Industry
Emerging as a Promising Player in Plastic Molding Industry MITSU CHEM PLAST LTD. MOLDED INDUSTRIAL BLOW MOLDED PACKAGING AUTOMOBILE PARTS posses strong capabilities in Injection Molding, Blow Molding and Custom Molding. Through product innovation and value engineering, the company has set new benchm
Slide 16: One Of The Biggest Range Of Best In Quality Packaging Products
One Of The Biggest Range Of Best In Quality Packaging Products Big Range of Small Containers & Industrial Containers 100 ML to 250 LTRS Investor Presentation 16
Slide 17: Pioneer's In Hospital Bed & Ancillary Furniture
Pioneer’s In Hospital Bed & Ancillary Furniture Hospital Bed Furniture Parts Over Bed Table Top Bed Side Locker Parts Rescue & Safety Equipment Investor Presentation 17
Slide 18: Patented Solution For CPR Emergencies
Patented Solution For CPR Emergencies Innovative concept of inbuilt CPR profile on the backside of the bow for CPR emergencies Investor Presentation 18
Slide 19: Customized Infrastructure Furniture A Solution Provider
Customized Infrastructure Furniture A Solution Provider Impressive aesthetics, robust design and durability has helped growth in this niche Business sections Plastic Chair Plastic Baby Plastic Corner Parts Car Seat Shell Support Cap Bus Seat Plastic Stadium Front Cap Seat Investor Presentation 19
Slide 20: Custom Molded Automotive Components & Fuel Tank Assemblies
Custom Molded Automotive Components & Fuel Tank Assemblies Injection & Blow Molded Custom Automotive Parts Investor Presentation 20
Slide 21: Injection Molding Offerings
Injection Molding Offerings Significant Capabilities In Injection Molding Ranging From 60 Tones To 200 Tones Caps Pregnancy Test Kit Handle & Lugs Blue Spoon HIV Test Bungs Saridon Inhaler Casette Investor Presentation 21
Slide 22: Customised Molding Solutions As Per Client Requirements
Customised Molding Solutions As Per Client Requirements Customer with Understanding Client Brainstorm on the Design, We provide custom molding solutions to our Customized demand Requirements in detail Concept & Technical aspects customers to specifically cater to the customer's requirements and to h
Slide 23: COVID-19 Supplies Range
COVID - 19 Supplies Range STRONG DEMAND FOR THE LIQUID CONTAINERS DONTOUCH CORONA SWORD Investor Presentation 23
Slide 24: More Than 30 Clients Of Fortune 500 Serviced By Us
More Than 30 Clients Of Fortune 500 Serviced By Us Investor Presentation 24
Slide 25: Management Team
Management Team Investor Presentation 25
Slide 26: Eminent Board of Directors
Eminent Board of Directors Mr. Jagdish Dedhia Mr. Sanjay Dedhia Mr. Manish Dedhia Chairman & Whole Time Jt.MD Jt.MD & CFO Director Mr. Dilip Gosar Ms. Neha Huddar Mr. Hasmukh Dedhia Non-Executive Independent Non-Executive Independent Non-Executive Independent Director Director Director Investor Pres
Slide 27: Management Supported By Well Experienced Professional Team
Management Supported By Well Experienced Professional Team Mr. Sachin Sagar A (Deputy Head Sales & Marketing) Mr. Sanjay Dedhia (Jt.MD) Ms. Noma Patil B (DGM-Business Development) Marketing & Product Development Ms. Khushboo Dedhia C (BD Manager-Marketing) Mr. Pankaj Gharat A (General Manager – Unit
Slide 28: Plastic Industry offers Opportunities Galore
Plastic Industry offers Opportunities Galore Step Step Step 01 03 02 Domestic Plastic Industry Shift from Unorganized Availability of Raw material to Organized & Investments in lateral Industries driving growth The total plastic consumption in India is around 15 With the implementation of GST and Av
Slide 29: Consumption of Plastics has been Increasing Consistently
Consumption of Plastics has been Increasing Consistently Figures in KTA 20000 18000 16000 14000 12000 10000 8000 6000 4000 2000 0 1990 1995 2000 2005 2010 2016 2018 SOURCE: PLASTINDIA FOUNDATION /INDUSTRY ESTIMATE Investor Presentation 29
Slide 30: Enough scope for per capita usage of Plastics to grow in India
Enough scope for per capita usage of Plastics to grow in India Figures in KG 120 109 100 80 65 60 38 40 32 28 20 11 0 USA Europe China Brazil India World SOURCE: PLASTINDIA FOUNDATION /INDUSTRY ESTIMATE Investor Presentation 30
Slide 31: The Way Ahead
The Way Ahead Investor Presentation 31
Slide 32: Our Future Growth Strategy
Our Future Growth Strategy New Products Higher Capacity Utilization Margin Improvement Higher ROCE New Customers Expanded foot print Inorganic Growth Opportunities Investor Presentation 32
Slide 33: Focus Areas For Future Growth
Focus Areas For Future Growth Hospital Furniture Auto Components Customised Molding As per industry reports the health care The auto component Industry has been Customized plastic molding allows for great design sector will need investments of $245 bn growing at 10-12%, India has also flexibility an
Slide 34: Financial Overview
Financial Overview Investor Presentation 34
Slide 35: Last 5 Years Financial Performance Highlights
Last 5 Years Financial Performance Highlights Total Income EBITDA & PAT EBITDA PAT 258.86 26.83 24.19 179.45 138.87 16.18 125.02 112.69 10.85 11.51 9.90 9.71 3.47 3.66 3.97 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 In ₹ Cr. Investor Presentation 35
Slide 36: Profit & Loss Statement
Profit & Loss Statement ₹ In Cr. Mar – 18 Mar – 19 Mar – 20 Mar – 21 Mar – 22 Sales 112.27 124.76 138.55 178.33 257.72 Other Income 0.42 0.26 0.32 1.11 1.15 Expenses 104.00 114.21 122.69 155.29 232.04 EBIDTA 8.69 10.81 16.18 24.19 26.83 EBIDTA( %) 7.71% 8.65% 11.65% 13.48% 10.36% Interest 3.74 4.03
Slide 37: Balance Sheet
Balance Sheet Rs In Cr. Mar – 18 Mar – 19 Mar – 20 Mar – 21 Mar – 22 Share Capital 3.88 4.02 12.07 12.07 12.07 Reserves 17.55 22.53 18.10 27.58 38.84 Borrowings 32.26 49.63 57.26 54.33 67.15 Other Liabilities 14.30 22.50 20.13 30.46 26.03 Total Liabilities 67.99 98.68 107.57 124.57 144.09 Fixed Asse
Slide 38: Quarterly Performance Highlights YoY
Quarterly Performance Highlights YoY EBITDA PAT Total Income 74.70 8.36 52.38 6.17 3.31 2.23 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 In ₹ Cr. Note – During the period profitability was impacted by the rise in crude oil price which impacted our raw material prices Also very high global logistic cost for our
Slide 39: Quarterly Performance
Quarterly Performance Rs In Cr. March – 22 December – 21 September – 21 June – 21 March – 21 Sales 74.61 66.38 57.27 59.46 52.23 Other Income 0.09 0.12 0.61 0.33 0.14 Expenses 66.33 61.12 52.78 51.81 46.20 EBITDA 8.36 5.38 5.10 7.89 6.17 EBITDA (%) 11.19% 8.09% 8.81% 13.26% 11.78% Interest 1.56 1.37
Slide 40: Appendix
Appendix Investor Presentation 40
Slide 41: Awards & Accolades
Awards & Accolades Top 100 Best Supplier Award 2015 Top 100 Best Innovator Top 100 SME 2014 Tata Ficosa Automotive System Ltd SME 2016 ET Polymers 2017 SME 2022 Best Innovator Top 100 Excellence Excellence in Best Innovator ET Polymers 2018 SME 2019 In Healthcare 2020 Compliance SME 2020 ET Polymers
Slide 42: Stock Data
Stock Data Source - BSE as on 29-04-2022 Shareholding Pattern as on 31-03-2022 Share Price (INR) 326.35 25.16 Market Capitalization (INR Cr) 393.99 Promoter & Promoter Group 1.81 No. of Shares Outstanding (Cr) 1.20 Mutual Fund Face Value (INR) 10 Non Institutions 52 week High-Low (INR) 374.70/ 181.6
Slide 43: Thank You
FOR FURTHER DETAILS PLEASE CONTACT Drishti Thakker investor@mitsuchem.com Mitsu Chem Plast Ltd. 329, Gala Complex, Din Dayal Upadhyay Road, Thank You Mulund (W), Mumbai - 400 080 Thank You Phone: 022 - 2592 00 55 Vastupal Shah vastupal@kirinadvisors.com Kirin Advisors – Investor Relations 103-A, Bal