Ducol Organics & Colours Ltd. · NSE:DUCOL
Ducol Organics & Colours — H1 FY25 Earnings Presentation
32 slides from Ducol Organics & Colours's earnings presentation, Nov 12, 2024
Slide 1: SABINA BEE MOHAMMED SHAHID QURESHI Date:
Digitally signed by SABINA BEE SABINA BEE MOHAMMED MOHAMMED SHAHID QURESHI SHAHID QURESHI Date: 2024.11.12 13:57:37 +05'30'
Slide 2: Result Update Presentation H1 FY25
Ducol Organics And Colours Limited Result Update Presentation H1 FY25
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Ducol Organics and Colours Limited (the “Company” or “Ducol”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Management Comment
Management Comment Commenting on the result, Mr. Aamer Ahmed Farid, Managing Director, said: "We are pleased to report strong financial performance in H1 FY25, with revenue at Rs. 38.58 crores, EBITDA at Rs. 4.40 crores, and PAT at Rs. 2.64 crores. Our EBITDA margin stood at 11.42%, reflecting resil
Slide 6: H1 FY25 Financial Highlights
H1 FY25 Financial Highlights Particulars (Rs. Cr.) H1 FY25 H1 FY24 Y-o-Y (%) H2 FY24 Revenue from operations 38.58 37.57 2.69 % 37.83 Total Raw Material 24.88 24.61 23.71 Employee Cost 3.80 3.69 4.32 Other Expenses 5.50 6.40 6.06 Total Expenditure 34.18 34.70 34.09 EBITDA 4.40 2.87 53.34% 3.74 EBITD
Slide 7: Financial Highlights
Financial Highlights Revenue from Operations ( Rs. Cr) 90.73 82.30 75.41 FY22 FY23 FY24 EBITDA* (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 14 13.23% 14% 12 12% 7 8% 9.37% 12.01 6.74% 10 8.77% 10% 6 5.87% 7% 5 6.11 6% 8 8% 4.20% 5% 6 7.71 6% 4 4.43 6.61 4% 3 3.45 4 4% 3% 2 2% 2 2% 1 1% 0 0% 0 0%
Slide 8: Annual Financial Highlights
Annual Financial Highlights Particulars (Rs. Cr.) FY24 FY23 Y-o-Y (%) Revenue from operations 75.41 90.73 (16.89%) Total Raw Material 48.33 57.74 Employee Cost 8.01 7.00 Other Expenses 12.46 13.98 Total Expenditure 68.79 78.73 EBITDA 6.61 12.01 (44.93%) EBITDA Margin % 8.77% 13.23% (446 bps) Other I
Slide 9: Balance Sheet as on 30th September'24
Balance Sheet as on 30th September’24 Particulars (Rs. Cr) As on Sep’24 As on Mar’24 Particulars (Rs. Cr) As on Sep’24 As on Mar’24 Shareholders Funds 64.66 62.74 Non Current Assets 41.31 36.88 Share Capital 14.54 14.54 Property, Plant & Equipment 19.22 20.09 Intangible Assets 0.02 0.01 Reserves & S
Slide 10: Balance Sheet Ratios
Balance Sheet Ratios Working Capital Days Debt to Equity 0.90 105 79 71 0.32 0.22 FY22 FY23 FY24 FY22 FY23 FY24 RoCE* RoE** 18.01% 15.79% 15.64% 9.54% 10.29% 7.06% FY22 FY23# FY24 FY22 FY23# FY24 #Company raised Rs.31.51 cr. via IPO of 40,40,000 equity shares of face value of Rs. 10 each in January
Slide 11: Company Overview
Company Overview
Slide 12: About Us
About Us 1994 Dual Core Expertise Ducol Organics and Colours Complete understanding of Pigments established as manufacturer of to manufacture quality Dispersion Dispersion products products 30+ 2 Manufacturing Facilities Countries that we Export - USA, China, South Korea, Bangladesh, Kenya, 2 units
Slide 13: An Evolving Journey
An Evolving Journey Set-up R&D labs to research and develop process Incorporation of Ducol Started commercial capabilities & product Organics & Colours production by setting up application techniques Unit I at MIDC, Taloja 1990 1994 1996 Tie-up with Rheine 2010 2009 2002 Chemie for rubber master bat
Slide 14: Key Strengths
Key Strengths Diversified Products with varied Applications • Wide product range with diverse applications across various industries • Customized products to meet industry’s needs & requirements Strong and Experienced Management • Over 25 years of experience in pigments and dispersion technology An
Slide 15: Business Overview
Business /p Overview
Slide 16: Ducol's Expertise in Dispersion Process
Ducol’s Expertise in Dispersion Process Duel Core Expertise of Ducol Pigment Powder Dispersion End Use Applications Combination Of : Wetting Deagglomeration Paint Plastics FMCG Rubber Stabilisation Ink Paper Textile Standardization Benefits of Dispersion Reduction in Size of Time Reduction Operation
Slide 17: Diversified Product Portfolio
Diversified Product Portfolio Dutint: Water-based pigment Duprint: Finely dispersed Duplast: Masterbatches of polymer Dutex: Organic pigment dispersion for paints concentrates for printing inks with pigments and additives emulsions for textile printing Dusperse: Water-based pigment Dupren: Pigment D
Slide 18: Established Manufacturer of Pigment Dispersions
Established Manufacturer of Pigment Dispersions Taloja T1 ISO 9001-2015 Certified Government recognized export house Taloja T2 Two manufacturing facilities - 2 units at Taloja and 1 unit at Mahad Total existing area of over 1,00,000 sq.ft On going modernization with top grade and Mahad M1
Slide 19: Technology Center and R&D Labs
Technology Center and R&D Labs Company began with basics - setting up R&D labs initially and developing expertise & mastering solutions before venturing into setting up commercial manufacturing base • Analytical, Synthesis, Product Development and Product Application Labs across 3 centers • Continuo
Slide 20: Manufacturing Capacities
Manufacturing Capacities* 3 Units Taloja Plant Mahad Plant 2 Units 1 Unit Current Capacities Wet Dispersions 3,000 – 4,000 MTPA Dry Dispersions 10,000 – 12,000 MTPA Master Batches 2,000 – 3,000 MTPA *Capacities depend on product mix 19
Slide 21: Marquee Clients – Industry Leaders in India
Marquee Clients – Industry Leaders in India 20
Slide 22: Marquee Clients – Globally
Marquee Clients – Globally Bahrain Bangladesh, Nepal, Bahrain Bangladesh East Africa Global Client South Africa China 21
Slide 23: Industry Overview
Industry Overview
Slide 24: Global Market Size - Dispersion
Global Market Size - Dispersion Global pigment market 2021 Global pigment dispersion market size as of 2022 $34.5 bn $23.9 bn Dispersion Market (by value)* Market size by 2031 Others Plastics $53.8 bn 10% 15% CAGR: 4.6% Inks 35% Paints 40% Asia Pacific Contribution > 40% *Source: Company Management
Slide 25: Indian Market Overview
Indian Market Overview Currently world’s 5th largest economy Set to be 3rd largest by 2027 Growth Drivers for Ducol’s product portfolio Real Estate ($ bn) Automobile ($ bn) Packaging ($ bn) 1000 130 160 100 72 200 2021 2030 2021 2027 2023 2028 Textile & Apparel ($ bn) FMCG ($ bn) 190 615 75 110 2020
Slide 26: Paint Market – Growth Potential
Paint Market – Growth Potential Global Paint Market (in $ bn*) 235.1 167.0 Global region wise industry Segment Break-up Indian Paint Industry distribution in 2022 19% 23% 2022 2028 30% Indian Paint Market (in $ bn*) 7% 70% 6% 100.0 62.0 45% Industrial Segment North America Latin America Decorative/A
Slide 27: Ink Market – Growth Potential
Ink Market – Growth Potential Global Ink Market (in $ bn*) Indian Printing Ink Market by 24.0 2026 (in $ mn*) 19.8 206 Oil Based 150 Solvent Based 2022 2028 Indian Ink Market (in $ bn**) 1.3 Exports Imports Water Based 1.0 CAGR 2.1% CAGR 2.6% Since 2021 Since 2021 2023 2028 India Ranked India Ranked
Slide 28: Plastic Market – Growth Potential
Plastic Market – Growth Potential Global Plastic Market (in $ bn*) Country wise exports of 752.2 India’s Platics & Linoleum exports ($ bn*) plastic products during 2021* 599.3 9.80 USA, 15.07% 8.60 7.60 7.50 China, 6.90 12.84% 2021 2028 5.80 Others, Indian Plastic Market (in $ bn*) UAE, 4.24% 60.64%
Slide 29: Way Ahead
Way Ahead
Slide 30: Way Ahead
Way Ahead • Refurbishing existing Taloja plant with latest technology and CapEx Plans infrastructure • Developing two new units at Mahad plant • Continued focus on innovation and new product development Expanding Product Portfolio • Develop Value Added products • Wet Dispersions – 8,000 / 10,000 MT
Slide 31: ESG Initiatives
ESG Initiatives • Diagnostic Tools & Infrastructure: Equipping healthcare centers and clinics with state-of-the-art diagnostic tools and modern infrastructure • Universal Medical Access: Ensuring universal accessibility to both basic and specialized medical Healthcare services for all communities •
Slide 32: Thank You
Thank You Company : Investor Relations Advisors : Ducol Organics And Colours Adfactorspr Pvt. Ltd. Limited Ms. Sabina Qureshi, CS Mr. Amit Sharma cs@ducol.com Amit.sharma@adfactorspr.com Ms. Disha Shah disha.shah@adfactorspr.com www.ducol.com www.adfactorspr.com
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