Bodal Chemicals Limited · NSE:BODALCHEM
Bodal Chemicals — Q1 FY2025 Earnings Presentation
38 slides from Bodal Chemicals's earnings presentation, Aug 14, 2024
Slide 1: Exchange submission cover letter
By Online Submission Sec/24-25/53 Date:14-08-2024 To, To, The General Manager, The General Manager, BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Tower, Plot no. C/1, G Block, Dalal Street, Fort Bandra-Kurla Complex Mumbai- 400 001
Slide 2: Bodal Chemicals Limited Investor Presentation - August 2024
Bodal Chemicals Limited Investor Presentation-August 2024
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bodal Chemicals 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: Q1 & FY25 Highlights
H Q1 & FY25 Highlights
Slide 5: Business Highlights
Business Highlights Rs.4,244 mn Rs.369 mn Rs. (12) Mn Q1FY25 Revenue EBITDA Profit after Tax • During the Q1FY25, Company achieved total revenue of Rs. 4,244 mn, growth by 24% on YoY basis and 6% on QoQ basis, mainly led by Volumes. This is consecutive second significant quarterly growth. It indicat
Slide 6: Performance Highlights
Performance Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 9.1% 8.7% Q1FY25 0.6% (0.3%) Margin 4,244 369 22 Q1FY25 3,413 310 Performance -12 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 9.1% 8.4% 2.4% 0.5% 15,859 14,194 1,450 FY24 1,195 380 Performance 65 FY23 FY24 FY23 FY24 FY23 FY2
Slide 7: Revenue and Geographic Breakup
Performance Highlights Q1 FY24 Q1 FY25 Revenue Rs 3,265mn Revenue Rs 4,148 mn 4% 11% 6% 10% Basic Chemicals 19% Dyestuff 21% Revenue Breakup Dye Intermediates Caustic Soda 32% Others 35% 29% 33% Geographic Breakup 73% 71% Domestc 27% 29% Export * On Consolidated basis –Sales of products excluding ot
Slide 8: Production Volume
Performance Highlights (Rs in mn) Basic Chemicals Dyestuff Dye Intermediates Chlor Alkali^ Revenue Breakup 1,364 1,148 1,349 933 780 346 400 696 Q1’24 Q1’25 Q1’24 Q1’25 Q1’24 Q1’25 Q1’24 Q1’25 *Revenue breakup on a Consolidated basis (MT) Production Volume 22,262 56,650 56,469 6,124 19,506 4,504 4,8
Slide 9: Subsidiaries Performance
Subsidiaries Performance (Rs in mn) Sen-er Boya BCL China BCL Indonesia -53% 20% 62% Revenue 111 77 92 52 12 7 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Particulars Sener Boya Bodal-China Bodal-Indonesia (Rs in mn) Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Sales 110.6 52.0 76.9 92.4 7.4 11.9 P
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. In Mn) Q1 FY25 Q1 FY24 Y-o-Y% Revenue from Operation 4,219.6 3,324.9 Other Income 24.6 87.8 Total Revenue 4,244.3 3,412.7 24.4% Raw Material Consumed 2,249.2 1,695.3 Employee Expenses 282.1 232.3 Other Expenses 1,319.4 1,175.2 Loss relating to Co
Slide 11: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. In Mn) Q1 FY25 Q1 FY24 Y-o-Y% Revenue from Operation 4,202.0 3,257.5 Other Income 12.0 36.5 Total Revenue 4,214.0 3,294.0 27.9% Raw Material Consumed 2,251.5 1,633.6 Employee Expenses 272.5 222.4 Other Expenses 1,302.5 1,165.8 EBITDA 387.5 272.3 42
Slide 12: Company Overview
\ \ tH, Company Overview _
Slide 13: A Leading Chemical Manufacturer
A Leading Chemical Manufacturer 3 7 Rs.14,194 mn Operating Manufacturing Decade Old Organization FY24 Consolidated Revenue Facilities 4% 9% Basic Chemicals 20% Dyestuff Dye Intermediates 70+ 10 34% Chlor Alkali Distributors Across India 6 Domestic + 4 Overseas Depots 33% Others Domestc 200+ 600+ 72%
Slide 14: Company Evolution
Company Evolution 1989 1993 - 1994 1997-2004 2006-2010 Incorporated as JK Acquired Unit II & Unit III 1997-Acquired two Units 2006-Listed on BSE via reverse merger Pharma at Unit II-A Name changed to Bodal 2004 -Acquired Unit I & with Dintex Dye Chem (Unit I) Chemicals Pvt. Ltd. Forward
Slide 15: Geographical Footprint
Geographical Footprint ~31% of Total revenue comes from exports 30+ Countries Global Presence North America Europe Rest of Asia Revenue Breakup India Domestic Export 100% 100% 100% 100% 100% South America 59 67 68 69 72 41 33 32 31 28 FY20 FY21 FY22 FY23 FY24 Note : Maps not to scale. All data , inf
Slide 16: Longstanding Clientele
Longstanding Clientele Dyestuffs Chlor Alkali Basic Chemicals Dye Intermediates 70+ 600+ Distributors Across India Customers 15
Slide 17: Experienced Board & Management Team
Experienced Board & Management Team Mr. Suresh J. Patel Mr. Bhavin S. Patel Mr. Ankit S. Patel Mr. Mayur Padhya Chairman & MD Executive Director Executive Director Chief Financial Officer Experience : 35+ years Experience : 20+ years Experience : 15+ years Experience: 28 Years Background : Backgroun
Slide 18: Awards & Certifications
Awards & Certifications Awards Certificates 2005-06 2016-17 Highest Self Manufacturing Turnover for Domestic and Export of Dyes and BCL has ISO 9001:2015 and ISO 14001:2015 certifications Received the prestigious Chemexcil Gold Award for Dye Intermediates from the Gujarat Dyestuffs Manufacture
Slide 19: Product Overview
Product Overview
Slide 20: Diversified Product Portfolio
Diversified Product Portfolio Existing Products New Products Additions Basic Chemicals Dye Intermediates Dyestuffs Chlor Alkali Benzene Derivative Sulphuric Acid Vinyl Sulphone & Reactive Dyes Caustic soda MCB Chlorosulphonic Acid Derivatives Acid Dyes Chlorine Sulphur Trioxide H
Slide 21: Manufacturing Value Chain
Manufacturing Value Chain Input Materials Basic Chemicals Dye Intermediates Dyestuffs TCCA End Use Industry Water Vinyl Sulphone + Derivatives Reactive Dyes Textiles Para Nitro Aniline Ice H Acid Beta Naphthol Steam DASA Sulphuric Acid Power Acid Dyes Leather FC Acid Sulphur Chloro Sulphonic Acid Ol
Slide 22: Manufacturing Facilities
Manufacturing Facilities Total 7 10 Depots In-house R&D Lab Total Employees Manufacturing Facilities * (Exclusive Distribution Warehouse) 3 - Vadodara, Gujarat 1 - Ahmedabad, Gujarat Domestic 2,000+ 6 - India 1 - Khambhat, Gujarat 2 - Vadodara, Gujarat Contract Labours ~1,500 1 - Chi
Slide 23: Our Major Subsidiaries
Our Major Subsidiaries (Rs in mn) Company FY 24 Location Stake Details Name Revenue Bodal Chemicals Trading Trading & Marketing subsidiary for China and adjacent China 100% Rs. 299 mn Shijiazhuang Limited countries Sen-er Boya Kimya Tekstil Turkey 100% Rs.284 mn Standardizing, trading, and marketing
Slide 24: Key Growth Drivers
Key Growth Drivers Dyestuff Expansion TCCA Division Vinyl Sulphone –UP Unit Turkish entity Sener Boya Dyestuffs capacity of 30,000 Acquired 100% stake in Trion Vinyl Sulphone plant of 6,000 MTPA capacity has been Acquired ~ 100% stake to MTPA will be ramped-up Chemicals and amalgamated with strength
Slide 25: Our Key Strengths
Our Key Strengths 3 Decades of Presence Home grown player with deep understanding of Indian & Integrated Business Model global chemicals market Integrated business model leading to cost competitiveness and protection against commodity cycles In house R&D Facilities Well- equipped production fa
Slide 26: India's Edge in the Global Chemicals Market
India’s Edge in the Global Chemicals Market Industry Megatrends Structural Shift China +1 Unorganized players in the Dye Intermediates India is emerging as the next alternative and Dyestuffs Industry have been declining supplier for the global market Compliance Policy Changes in China Bodal’s Edge C
Slide 27: Next Level of Growth
tH, Next Level of Growth
Slide 28: Way Forward
Way Forward Lower cost of production Capacity rampup Economies of scale New client penetration Long term relationship with customers Ongoing internal efficiencies Superior quality Our Edge Rigorous integration 3+ decades of experience New greenfield expansion Diverse client base Higher focus on B2C
Slide 29: Responsible Corporate
H. Responsible Corporate
Slide 30: Environmentally Compliant
Environmentally Compliant Common Treated Effluent Operating Zero Discharge Effluent Spray Effluent Effluent Multiple Effect Solid Waste Discharge Access plants Location Site (Solid+ Dryer Plant Treatment Plant Treatment Plant, Evaporator Incinerator Plant VECL Cala Liquid+Air) (ESDP) (at GIDC) (MEEP
Slide 31: Pollution Control Systems
Pollution Control Systems Treats low load waste water Clarification Compliant with GPCB, CPCB norms Bio- degradation by AIS Effluent Treatment Plant (ETP) Capacity 500,000 liters / day Tertiary Poly system Chemical oxidation Online monitoring system Flocculation Installed world’s
Slide 32: Responding To Critical Issue
Responding To Critical Issue High costs involved in complying with environmental regulations Moreover, the rising industrial water and power rates are a concern. Key Challenges Scarcity of water can lead to insufficient supply affecting our production needs. The Chemical Industry is energy and
Slide 33: CSR Activities
CSR Activities Key Focus Areas Eradicating hunger, poverty and malnutrition Promoting healthcare and sanitation including contribution to the Swach Bharat Kosh Promoting education and enhancement of rural infrastructure Ensuring environmental sustainability Providing funds for construction
Slide 34: Financial Highlights
: | Financial Highlights
Slide 35: Financial Highlights
Financial Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 20,724 2,369 15,859 14,194 1,481 987 13,852 12,424 1,450 860 1,198 1,195 398 380 65 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 EBITDA Margin (%) PAT Margin (%) 10.7 9.6 6.3 11.4 9.1 8.4 4.8 3.
Slide 36: Key Ratios
Key Ratios Net Debt/ Equity (x) Return on Equity(%) Trending lower due to increasing 0.75 capital expenditure 0.53 0.63 9.2 9.4 0.34 0.17 4.1 3.5 0.6 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Return on Capital Employed (%) Net Working Capital Days Trending lower due to increasing capital exp
Slide 37: Segmental Performance
Segmental Performance Basic Chemical Dyestuffs Dye Intermediates Chlor Alkali (Rs in mn) Revenue Breakup 1,955 6,995 7,354 1,726 5,412 4,705 3,270 1,214 2,685 1,282 1,269 5,324 4,618 4,589 3,936 4,524 3,993 2,587 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY
Slide 38: Thank You
Thank You Contact Information Bodal Chemicals Ltd. CIN – : L24110GJ1986PLC009003 Mr. Mayur Padhya Chief Financial Officer Email – mayur@bodal.com www.bodal.com