Shalimar Paints Ltd · NSE:SHALPAINTS
Shalimar Paints — Q2 FY23 Earnings Presentation
15 slides from Shalimar Paints's earnings presentation, Nov 15, 2022
Slide 1: Regulation 30 intimation cover letter to exchanges
November 15, 2022 BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot No. C/1, G- Block Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 001 Mumbai – 400051 B
Slide 2: Shalimar Paints Limited Investor Presentation November 2022
Shalimar Paints Limited Investor Presentation November 2022
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shalimar Paints 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 secu
Slide 4: Vision Mission
1902 Vision Mission To persevere and excel as one of the To maximise shareholder value by Two Britishers A.N. Turner and premier paint companies of the country, a engaging and growing our employees, A.N. Wright - set up Colour & Varnish leader in product innovation and customer delivering innovative
Slide 5: Company Overview
Company Overview 100-Year-Young Brand: Renowned for High product quality India’s iconic structures continue to use Shalimar Paints 100+ years of 69,000+ KL 3 30+ establishment Manufacturing facilities Depots Production Per annum India’s Oldest Brand The “Art & Science” of Paints 3000+ 1 Strong Prese
Slide 6: Deal with Infra.Market
Deal with Infra.Market Backed by investors including Accel, Nexus Venture Partners, Evolvence India Fund, Sistema Asia Fund and Foundamental Gmb and Tiger Global Shalimar Paints are at the inflection point of exponential growth and partnering The association with Shalimar is an important step as pai
Slide 7: Our Product Offerings
Our Product Offerings Decorative Paints Industrial Paints • An extensive range of decorative and protective paint products for • Pioneers in Industrial coatings - Introduced notable firsts in high interior and exterior segments performance coatings such as high-build zinc coatings, radiation resista
Slide 8: Decorative Paints: Strategy Going Ahead
Decorative Paints: Strategy Going Ahead Progress over last a year Focus on areas having significant presence ✓ Cost Reduction: • Cost saving due to optimization of water & solvent- based paints Focus on smaller Tier 3 & 4 towns Expert Program and rural area ✓ New Product Development: Increase in no.
Slide 9: Positive outcome on financial performance
Positive outcome on financial performance +21.8% Cost Optimization Strategies 109.9 110.7 REVENUE 90.9 ✓ Improve Supply / RM Chain Management ✓ Procurement through reverse mechanism. ✓ Improve the Product Supply to Channel partners ✓ Reduce overall company related costs Q2FY22 Q1FY23 Q2FY23 Value Cr
Slide 10: Positive outcome on financial performance
Positive outcome on financial performance OTHER EXPENSE 77.5% 72.9% 75.2% 21.2 19.3 17.6 COGS Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 EMPLOYEE COST 12.0 12.8 5.7 INTEREST 10.6 4.4 4.1 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 9
Slide 11: 360o growth strategy: started yielding results
360o growth strategy: started yielding results EBITDA (Rs. Crs) Operating Profit Inventory and -3.4 Debtors -4.7 (No. of days) 85 75 72 -7.8 60 61 64 Q2 FY22 Q1 FY23 Q2 FY23 Inventory and debtor days Other Exp. (% to Revenue) 28.1% Q2 FY22 Q1 FY23 Q2FY23 Optimizing 19.7% Inventory Debtors 19.2% Oper
Slide 12: Profit & Loss Statement Q2 FY23
Profit & Loss Statement Q2 FY23 Particulars Q2FY23 Q2FY22 Q1FY23 • Revenue: Revenue from Operations 110.7 90.9 109.9 o Company has reported revenue growth of 22% from previous year which is Q2FY22. Cost of Materials Consumed 69.7 63.0 84.3 o During this quarter company has grown by 24% in Decorative
Slide 13: Balance Sheet As on 30th Sep 2022
Balance Sheet As on 30th Sep 2022 Balance Sheet - ASSETS Sep - 22 Mar-22 Balance Sheet - EQUITY & LIABILITIES Sep – 22 Mar-22 Property, Plant and Equipment 251.5 268.9 Equity Share Capital 14.4 14.4 Right of Use Assets 17.3 1.8 Other Equity 353.3 357.5 Capital Work-in-progress 1.3 0.2 Total Equity 3
Slide 14: Cashflow Statement
Cashflow Statement Cash Flow Statement Sep – 22 Sep-21 Cash Flow from Operating Activities Profit before Tax (20.4) (36.2) Adjustment for Non-Operating Items 12.42 17.2 Operating Profit before Working Capital Changes (8.0) (19.0) Changes in Working Capital (60.1) 4.3 Cash Generated from Operations (
Slide 15: Thank You
Thank You Company : Investor Relations Advisors : Shalimar Paints Limited Orient Capital (a division of Link Group) CIN: L24222HR1902PLC065611 Ms. Rasika Sawant: Mr. Mohit Kumar Donter – Chief Financial Officer +91 95944 57518 mohit.donter@shalimarpaints.com rasika.sawant@linkintime.co.in www.shalim