Nitin Spinners Limited · NSE:NITINSPIN
Nitin Spinners — Q2 & H1 FY23 Earnings Presentation
23 slides from Nitin Spinners's earnings presentation, Nov 8, 2022
Slide 1: Regulation 30 filing cover letter to stock exchanges
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Slide 2: Nitin Spinners Limited Investor Presentation Q2 & H1FY23
Nitin Spinners Limited Investor Presentation Q2 & H1FY23
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Nitin Spinners 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 secur
Slide 4: Q2&H1FY23 Financial Performance
Q2&H1FY23 Financial Performance
Slide 5: Production and Sales Volumes
Production and Sales Volumes Yarn (MT) Knitted Fabrics (MT) Woven & Finished Fabric (Mn Mtrs) 36,169 4,378 13.68 12.90 11.80 Production 29,021 9.52 18,450 2,378 2,202 6.68 6.73 12,330 5.69 4.95 547 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 Woven Fabric Produ
Slide 6: Financial Highlights
Financial Highlights (Rs. in Crores) Revenue from Operations EBITDA PAT 11.2% 26.7% 13.6% 25.1% 5.7% 13.1% 7.8% 14.8% 1,215 1,218 306 147 95 177 87 665 166 506 57 29 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 5
Slide 7: Revenue Break-Up: Product-wise Revenue Distribution
Revenue Break-Up Product-wise Revenue Distribution Others Woven Fabrics Knitted Fabrics Yarn (Rs. in Crores) (in %) 127 FY20 151 1,055 1,438 FY20 7% 9% 11% 73% 106 FY21 105 241 183 1,095 1,624 FY21 6% 15% 11% 67% FY22 134 387 293 1,878 2,692 FY22 5% 14% 11% 70% H1FY23 73 254 96 792 1,215 H1FY23 6% 2
Slide 8: Revenue Break-Up: Geographical Revenue Distribution
Revenue Break-Up Geographical Revenue Distribution Domestic Export (Rs. in Crores) (in %) FY20 655 783 1,438 FY20 45% 55% FY21 608 1,016 1,624 FY21 37% 63% FY22 739 1,953 2,692 FY22 27% 73% H1FY23 546 669 1,215 H1FY23 45% 55% 7
Slide 9: Profit and Loss Statement
Profit and Loss Statement Particulars (Rs. Crores) Q2FY23 Q2FY22 YoY Q1FY23 QoQ H1 FY23 H1 FY22 YoY Total Revenue 505.88 664.67 -24% 708.83 -29% 1214.71 1218.31 0% Cost Materials Consumed 343.72 366.15 539.29 883.01 693.23 Change in Inventories 3.13 -12.10 -73.85 -70.72 -53.24 Total Overheads 346.85
Slide 10: Balance Sheet Statement
Balance Sheet Statement Assets (Rs. Cr.) Sept-22 Mar-22 Equity & Liabilities (Rs. Cr.) Sept-22 Mar-22 Non-current assets 1,102.75 1,070.10 EQUITY 955.46 875.81 Property, Plant and Equipment 967.62 1,010.63 Equity Share Capital 56.22 56.22 Capital work-in-progress 51.33 0.08 Other Equity 899.24 819.5
Slide 11: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crores) H1FY23 H1FY22 Operating profit before working capital changes 168.85 306.8 Changes in working capital 77.57 30.5 Cash generated from Operations 246.42 337.3 Direct taxes paid (net of refund) -20.57 -30.3 Net Cash from Operating Activities (A) 225.85 307.0
Slide 12: Pursuing Sustainable Growth
Pursuing Sustainable Growth Capacity expansion at a total project cost of ~Rs. 955 crores Existing Production Proposed Production On The Path of Growth Capacity Capacity Capacity expansion across all the segments – Spinning, Knitting, weaving and Finishing 40 Strengthen company’s market position and
Slide 13: Way Forward
Way Forward TOPLINE GROWTH GEOGRAPHICAL EXPANSION Strive to maintain topline growth Continue to innovative and momentum by optimizing explore newer markets across capacity utilisation the geographies VALUE ADDED PRODUCTS DE-BOTTLENECKING FACILITIES Look forward to enhance value- Focus on debottlenec
Slide 14: Company Overview
COMPANY OVERVIEW
Slide 15: Company Overview
Company Overview India’s Leading manufacturer of Cotton & Blended Yarn, Knitted Fabrics, Greige & Finished Woven Fabrics Integrated operations with focus on: Established in 1992 ✓ Value addition Headquartered in ✓ Diversified product range Bhilwara (Rajasthan) ✓ Cost efficiency ✓ Quality ✓ Customer
Slide 16: Two Decades And Counting…
Two Decades And Counting… 1993 1999 2002 Commenced Operations With Total Installed Rotors Reached Ventured into Ring Spinning Open-End Spinning - Installed 1,464 by Installing 14,112 Spindles 384 Rotors with an Forward Integration into Investment of Rs. 3 Cr Knitted Fabric by Installing 7 Knitting M
Slide 17: Wide Product Range & End-User Application
Wide Product Range & End-User Application Yarn Knitted Fabric Finished Woven Fabrics Recognized worldwide as the industry leader The threads produced in our manufacturing Complete range of Dyed and Printed Fabrics for spun yarns, we have enhanced the unit are converted into high quality Grey Fabrics
Slide 18: Fully equipped to add customer value
Fully equipped to add customer value Focus on sustainable products and processes Strong R&D to ensure international quality Increasingly offering products made Well equipped R&D facility and pilot from Sustainable fibres like Organic and plants to offer wide range of samples BCI cotton, Recyled fibr
Slide 19: Historical Financial Highlights
Historical Financial Highlights (Rs. in Crores) Revenue from Operations EBITDA PAT 2,692 652 326 +24% +43% +58% 1,624 1,438 1,145 1,243 257 155 178 170 64 69 52 24 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 ROCE ROE Net Worth 36% 37% 876 563 483 494 417 12% 11% 13% 13
Slide 20: Accreditations
Accreditations The company is having all quality certification Our Quality Certifications as per International Standards The company has also been certified by OEKOTex, Global Organic Textile Standard (GOTS) which prescribes standards for the processing of fibres from certified organic agriculture T
Slide 21: CSR & Sustainability Initiatives
CSR & Sustainability Initiatives Construction of Promoting education of Construction of toilets as Contribution towards Contribution to Installation of energy- Women hospital in differently-abled a part of Swachh Bharat COVID relief Confederation of Textiles efficient equipment Bhilwara children, co
Slide 22: Awards and Recognitions
Awards and Recognitions Texprocil Awards Other Recognitions Gold Trophy for the highest export performance in Cotton Yarn - Counts 51s & above under Category I for the year 2020-21, 2019-20 Conferred with Rajasthan Energy Conservation Award and won first and silver plaque for the year 2018-19 prize
Slide 23: For further information, Please Contact
For further information, Please Contact: Company: Investor Relations Advisors: CIN: L17111RJ1992PLC006987 CIN: U74140MH2010PTC204285 Mr. P Maheshwari- CFO Ms. Manasi Bodas / Ms. Shikha Puri pmaheshwari@nitinspinners.com manasi.bodas@sgapl.net / shikha.puri@sgapl.net +91 98210 43510/ +91 9819282743 w