Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q4 FY2022 Earnings Presentation
39 slides from Iris Clothings's earnings presentation, Apr 29, 2022
Slide 1: Outcome of Board Meeting cover letter to NSE
Date: 29% April, 2022 To The Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex Bandra(E) Mumbai-400051 NSE Symbol: IRISDOREME Sub: Outcome of the Board Meeting dated 29 April, 2022 Ref: Disclosure under regulation 33 of Securities
Slide 2: Independent Auditor's Report
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Slide 3: Management and Auditor Responsibilities
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Slide 4: Auditor's Responsibilities (continued)
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Slide 5: Other Matters
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Slide 6: Statement of Audited Financial Results
IRIS CLOTHINGS LIMITED Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Audited Financial Results For The Quarter and Year Ended 31st March, 2022 Rs in Lakhs QUARTER ENDED YEAR ENDED S| No PARTICULARS 31-Mar-22 31-Dec-21 31-Mar-21 31-Mar-22 31-M
Slide 7: Statement of Assets and Liabilities
IRIS CLOTHINGS LIMITED CIN : L18109WB2011PLC166895 Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 Statement of Assets and Liabilities as at 31st March, 2022 (Rupees in lakhs) As at As at Particulars 31.03.2022 31.03.2021 Audited Audited ASSETS : Non-current Assets Property, Plant & E
Slide 8: Statement of Cash Flow
IRIS CLOTHINGS LIMITED Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Cash Flow for the Year Ended 31st March, 2022 (Rupees in lakhs) Year ended Year ended PARTICULARS 31-03-2022 31-03-2021 CASH FLOW FROM OPERATING ACTIVITIES Net Profit before
Slide 9: Declaration for Unmodified Audit Opinion
Date: 29% April, 2022 To The Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex Bandra(E) Mumbai-400051 NSE Symbol: IRISDOREME Sub: Declaration for Audit Report with Unmodified Opinion for the Financial Year ended on 31st March, 202
Slide 10: Declaration by MD and CFO
Date: 29th April, 2022 To The Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex Bandra(E) Mumbai-400051 NSE Symbol: IRISDOREME Sub: Declaration by Managing Director and Chief Financial Officer of the Company Ref: Regulation 33(2)(a
Slide 11: Earnings Release Q4 FY2022
EARNINGS RELEASE Q4 FY 2022 FY22 revenue at Rs. 111.8 crores; up 26.7% YoY FY22 PAT at Rs. 10.1 crores; up 55.3% YoY Howrah, India, April 29, 2022 – Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding and selling garments for kids wear,
Slide 12: About Iris Clothings Limited
EARNINGS RELEASE Q4 FY 2022 (in Rs. Crores, unless otherwise mentioned) Y-o-Y Q-o-Q Y-o-Y Particulars Q4FY22 Q4FY21 Q3FY22 FY22 FY21 growth growth growth Total Income 32.8 29.7 10.2% 25.1 30.7% 111.8 88.2 26.7% EBITDA 5.2 5.3 (2.5) % 5.2 (0.4) % 21.6 17.1 25.8% EBITDA margin (%) 15.9% 18.0% (206) bp
Slide 13: Disclaimer
EARNINGS RELEASE Q4 FY 2022 Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological r
Slide 14: Investor Presentation Q4 FY2022
Investor Presentation Q4 FY 2022 Iris Clothing Limited – Investor Presentation 1
Slide 15: About the Company
Investor Presentation Q4 FY 2022 About the Company Iris Clothing Limited – Investor Presentation 2
Slide 16: Company Overview
Company Overview Presence in Ecommerce platforms We are a fast-growing kids’ apparel company that is engaged in designing, manufacturing, branding and selling garments. Our sustained pursuit of design and innovation has made us a preferred fashionable kids’ brand. We have been growing our presence o
Slide 17: Product Portfolio
Product Portfolio Iris’ brand DOREME offers a wide range of apparels for Currently infants, toddlers, and junior boys and girls that suit both their ▪ Established DOREME as a reputable and trusted brand. indoor and outdoor requirements. ▪ Has solidified its position in the kids segment mainly throug
Slide 18: History
History Crossed the ₹50 crores turnover milestone Commenced business Acquired proprietorship firm “M/S IRIS CLOTHINGS” including Acquired land at Pachla, as a proprietorship firm its brand name DOREME Howrah, West Bengal – a major Migrated from SME ‘M/s Iris Clothings’ step towards increasing portal
Slide 19: Market Opportunity
Investor Presentation Q4 FY 2022 Market Opportunity Iris Clothing Limited – Investor Presentation 6
Slide 20: Indian Textile & Apparel Industry
Indian Textile & Apparel Industry India’s Domestic Textile and Apparel Market Size (US$ in Bn) India is the second-largest producer of textiles and 190 garments in the world 13 30% 42 -25% Contributes 2.3% to the 106 country’s GDP 99 8 8 20 80 19 7 18 135 50 4 Employs 45 million workers 11 78 72 in
Slide 21: Kids Wear - the Fastest to Recover
Kids Wear - the Fastest to Recover Kids wear is expected to grow at a CAGR of 8.76% between 2021-2026 ~365 million Indians are below the age of 15 years. Hence, a large customer base LOW HIGH Kids wear registered a 200% growth despite a 4% drop in overall online fashion order volumes in FY2021 Signi
Slide 22: Our Value System
Investor Presentation Q4 FY 2022 Our Value System Iris Clothing Limited – Investor Presentation 9
Slide 23: Integrated Operations
Integrated Operations Iris has a complete in-house integrated infrastructure right from design conceptualisation to manufacturing to branding and selling of finished goods to wholesaler. Conceptualization of Raw Material Manufacturing & Sold to Design & Development Procurement Branding+ Wholesalers
Slide 24: Manufacturing Prowess
Manufacturing Prowess Manufacturing excellence has been one of our biggest strengths. Moreover, our state-of-the-art facilities help us increase our capabilities multifold, achieve economies of scale and provide locational synergies. Foreshore Road, Pachla, Uluberia, Srijjan Industrial Park, Howrah
Slide 25: Wide Network
Wide Network 1 Distributor Network Business Update Future Outlook 3 ▪ Iris has 125 distributors ▪ Ecommerce portal on our 5 website which will go live by 13 ▪ Has an online presence across June 2022 or end of Q1FY23 various fast-growing e- 10 12 6 3 commerce channels like ▪ Developing a B2B platform
Slide 26: Enhancing Brand Visibility
Enhancing Brand Visibility ▪ Iris plans to enhance its digital marketing and branding initiatives to better mirror the customers’ fast-changing needs. ▪ The Company plans to undertake activities to enhance its brand recall and customer connect on social media channels. This would eventually drive tr
Slide 27: Relationship with Suppliers
Relationship with Suppliers Strong and trust-based relationships is of “I have been associated with IRIS Clothings is reliable “IRIS Clothings is a great “Our association with paramount importance IRIS Clothings as a distributor and a professional company with an DOREME is since its inception. since
Slide 28: Quality Consciousness
Quality Consciousness Iris ensures adherence to the desired standards of quality and specifications for its products and processes by undertaking adequate and stringent quality checks. This has helped the company in building strong customer trust and securing repeat business. 76% 54% revenue from re
Slide 29: Sustainability
Sustainability Environmental Social Iris follows a strict ecological policy that comprises of 6 features Waste Reduction Recycling No Child Labour Iris made an improvement in its fabric Iris uses printing materials that is quality, which resulted in significant eco-friendly, recyclable and reduction
Slide 30: Financial Highlights
Investor Presentation Q4 FY 2022 Financial Highlights Iris Clothing Limited – Investor Presentation 17
Slide 31: Q4FY22 Update
Q4FY22 Update Business Update Financial Update ▪ Revenues were up 31% QoQ on the back of growth in volumes ▪ Total Income stood at ₹32.8 crores, up 10.2% YoY ▪ Raw material prices led to decrease in margins; expected to ▪ EBITDA margin is at 15.9% compared to 18.0% in Q4FY21, down normalize as the p
Slide 32: Q4 & FY22 Highlights – P&L
Q4 & FY22 Highlights – P&L in ₹ Crores Q4FY22 Q4FY21 YoY (%) Q3FY22 QoQ (%) FY22 FY21 YoY (%) Total Income 32.8 29.7 10.2% 25.1 30.7% 111.8 88.2 26.7% Total Expenses 29.5 26.3 12.2% 21.9 35.1% 98.2 79.4 23.6% EBITDA 5.2 5.3 (2.5)% 5.2 (0.4)% 21.6 17.1 25.8% D&A 1.4 1.4 0.6% 1.5 (6.4)% 5.6 5.3 5.4% E
Slide 33: FY22 Highlights – Balance Sheet
FY22 Highlights – Balance Sheet in ₹ Crores FY22 FY21 Total non-current assets 32.9 32.5 Inventories 33.7 25.3 Trade Receivables 23.7 14.9 Cash & cash equivalents (incl. bank balances) 1.4 1.5 Total Current Assets 60.9 43.4 Total Assets 93.8 75.9 Equity 48.7 38.8 Lease Liabilities 6.6 6.8 Total Non-
Slide 34: Financial Highlights
Financial Highlights in ₹ Crores FY18 FY19 FY20 FY21 FY22 Total Income 53.1 62.2 60.9 88.2 111.8 PAT 3.3 5.0 3.9 6.5 10.1 EBITDA 9.0 11.3 13.8 17.1 21.6 Net Worth 10.1 28.6 32.1 38.8 48.7 Debt 21.0 20.1 24.6 20.3 25.5 Iris Clothing Limited – Investor Presentation 21
Slide 35: Ratio Analysis
Ratio Analysis EBITDA Margin (in %) Return on Capital Employed (in %) Return on Assets (in %) 22.8 22.9 10.8 21.5 19.5 19.3 20.0 18.2 18.4 8.3 8.6 17.0 8.2 15.5 4.8 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Decrease in the ratio has been due to significant Recovery i
Slide 36: Investment Rationale
Investor Presentation Q4 FY 2022 Investment Rationale Iris Clothing Limited – Investor Presentation 23
Slide 37: Our Differentiating Factors
Our Differentiating Factors Continuous investments to expand manufacturing capabilities coupled with high return on capital employed indicating efficient use of that capital With ~15 years of experience, Catering to a large customer promoters have a strong expertise in segment of ~365 million the in
Slide 38: Safe Harbour Statement
Safe Harbour Statement This presentation has been prepared by and is the sole responsibility of Iris Clothings Limited (the “Company”). This presentation does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. This presentation has been prepared by th
Slide 39: Thank You
Thank You For further details please contact: Santosh Ladha Sonia Keswani/Vikash Verma Iris Clothings Limited Ernst & Young LLP 📞: +91 33 2979 0289 📞: +91 8017393854 📧: santosh.ladha@irisclothings.in 📧: sonia.keswani@in.ey.com 📧: vikash.verma1@in.ey.com R E GISTE R E D O FFIC E 103/24/1…