Shree Pushkar Chemicals & Fertilisers Ltd. · NSE:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers — Q3 FY2020 Earnings Presentation
26 slides from Shree Pushkar Chemicals & Fertilisers's earnings presentation, February 2020
Slide 1: Shree Pushkar Chemicals & Fertilisers Limited Investor Presentation
Shree Pushkar Chemicals & Fertilisers Limited Investor Presentation February 2020
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shree Pushkar Chemicals & Fertilisers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or s
Slide 3: 3Q FY20 Highlights
3Q FY20 Highlights
Slide 4: Quarterly Performance Highlights
Quarterly Performance Highlights Performance Highlights (Rs in Crores) Total Volumes (MT) Revenue EBITDA PAT • Revenue grew by 5% led by: o Volume growth of 8% +5% +9% +24% +8% o Offset by decreased sales realisation due to 85.6 14.9 10.0 81.9 13.7 prolonged slowdown in the economy 8.1 o Revenue con
Slide 5: Segmental Revenue Breakup
Segmental Revenue Breakup Dyestuff Dye Intermediates (Rs in Crores) +17% -3% 22.6 32.1 31.2 19.3 Partially impacted due to enhanced captive consumption Q2FY20 Q3FY20 Q2FY20 Q3FY20 Fertilisers Acid Complex & Others +64% -5% 26.2 6.9 24.9 4.2 Q2FY20 Q3FY20 Q2FY20 Q3FY20 On Consolidated Basis 5
Slide 6: Q3FY20 Segmental Highlights
Q3FY20 Segmental Highlights Revenue Break up Q3FY20 Dyestuff Dye Intermediates Partially 23% Volume growth Flat Volume impacted due to enhanced 26% captive 29% 17% Revenue growth 3% Revenue de-growth consumption 8% Fertiliser Acid Complex & Others 6% Volume de-growth 150% Volume growth 36% Dyestuff
Slide 7: Planned Expansion through Internal Accrual
Planned Expansion through Internal Accrual Rs 120 crs Capex through Internal Accrual 28crs 75crs 5crs 11crs In process of acquiring Madhya The planned capex of ~Rs. 75 Revamping of the Manufacturing Planning for Rs. 11 crs capex for Bharat Phosphates Pvt. Ltd, crores in the dye intermediaries’ facil
Slide 8: Standalone P&L Statement
Standalone P&L Statement Particulars (Rs. In Crores) Q3FY20 Q3FY19* Y-o-Y Q2FY20 Q-o-Q 9MFY20 9MFY19* Y-o-Y Revenue from Operations 71.8 108.7 -33.9% 67.1 7.1% 216.6 298.0 -27.3% Raw Material 46.2 70.2 41.8 140.3 198.1 Employee Cost 4.9 11.1 4.9 14.9 20.8 Other Expenses 8.0 9.3 8.9 28.9 28.9 EBITDA
Slide 9: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. In Crores) Q3FY20 Q3FY19* Y-o-Y Q2FY20 Q-o-Q 9MFY20 9MFY19* Y-o-Y Revenue from Operations 85.6 121.4 -29.5% 81.9 4.6% 259.7 334.3 -22.3% Raw Material 53.5 77.0 49.8 163.4 218.4 Employee Cost 6.0 12.1 6.0 17.9 23.4 Other Expenses 11.2 12.1 12.4 38.9 36.0 EB
Slide 10: Company Overview
Company Overview
Slide 11: About Us
About Us An Integrated Speciality Caters to the Being inventive A leading producers of Dye Intermediaries Chemicals and Colourants in delivering and Dyestuff and has the widest range of leading textile manufacturing company, Dye Intermediaries offering with high and apparel high quality dealing in t
Slide 12: Evolution of Our Business
Evolution of Our Business 1993 - 2003 2004 - 2010 2011 - 2016 2017 - 2018 2019 & Beyond • Commenced trading/imports of • In 2011, began use of Spent •Rapidly expanded Dyestuff •In process of acquiring Madhya • Recycling of effluents from chemical products & dye acid for manufacturing of SSP Segment
Slide 13: Key Management
Key Management Punit Makharia Gautam Makharia S N Sengupta Chairman & Managing Director Managing Director Associate Director A first-generation entrepreneur, he A chemical engineer wiith With and BE in Electronics and experience of 34 years in project holds a Bachelors in Commerce with an MBA(Financ
Slide 14: Product Portfolio
Product Portfolio DyeStuff Constantly on the improvement based on market response with Dye Intermediates over 30 different shades in Reactive dyes Black, Yellow & Red Gamma Acid, K- Acid, R- Salt, Vinyl Sulphone, Meta Fertilizers Used for Dying of Textile / Yarns Ureido Aniline and H- Acid commonly
Slide 15: An Overview of Dyestuff Segment
An Overview of Dyestuff Segment Dyestuff Revenue (Rs in Crores) • We are one of the leading manufacturer of Reactive Dyes. Primarily used for dyeing textiles, for cellulosic fibers like cotton/flax & also wool. Our belief in sustainability led 109.1 to the launch of DYECOL™ range of Reactive Dyes to
Slide 16: An Overview of Dye Intermediates Segment
An Overview of Dye Intermediates Segment • We have started manufacturing Dyes Intermediates with a single product in the Dye Intermediates Revenue (Rs in Crores) year 2001, the company now manufactures over 10 different types of Dye Intermediates like H Acid, Vinyl Sulphone, Para Base, K Acid, Gamma
Slide 17: An Overview of Fertiliser Segment
An Overview of Fertiliser Segment • The main raw materials for SSP are rock phosphate and sulphuric acid and it is based one of the Single Super Fertilisers Revenue* (Rs in Crores) simplest chemical reactions in the fertilizer industry phosphate (SSP) • SSP, which is a poor farmer's fertilizer (pric
Slide 18: An Overview of Fertiliser Segment
An Overview of Fertiliser Segment Geographic Facilities Rationale Growth Driver Impact Expansion Due to backward Good monsoon Lote Purshuram integration, we Maharashtra, Karnataka to improve Rabi Unit have entered Fertilizer Business & Kharif Crops Increasing Presence in leading Agriculture States A
Slide 19: Manufacturing Capabilities
Manufacturing Capabilities Strategic location at Lote Parshuram, Maharashtra… Unit 1 – Dye Intermediates Unit 2 – SSP Granulation Plant Unit 3 - New Reactive Dyes Plant Unit 4 - SOP Kisan Phosphates Pvt. Ltd. New Application Lab for Testing of Dyes Sulphuric Acid Plant Commenced Sulphuric Acid plant
Slide 20: Our Strengths
Our Strengths Substantial increment in the contribution from Fast Paced Growth We do not incur large costs on effluent Zero Waste Dyestuff Segment to our Revenue on a quarter on in our Dyestuff treatment due to our zero waste model Chemical quarter basis Segment Company Low Financial We are backward
Slide 21: Growth driven by Every Business Unit
… Growth driven by Every Business Unit Commenced Fertilizers Acid Complex Export Dye (including Dyestuff & Growth business Intermediates Kisan Others in 2016 Phosphate) Export Revenue Dye Intermediates – Acid Complex & FY19 – Revenue % Dyestuff – 24% Fertilizer– 20% Rs 91 Crs (20%) 50% Others – 5.6%
Slide 22: Financial Highlights
Financial Highlights
Slide 23: Consistent Growth in Business
Consistent Growth in Business (Rs in Crores) Total Revenue from operations EBITDA Margin 14.0% 11.9% 13.9% 17.5% 15.4% 15.3% +19% +17% 451.9 69.3 395.3 61.1 54.0 308.1 266.5 251.2 34.9 210.1 29.4 31.8 FY14 FY15 FY16 FY17 FY18 FY19 FY14 FY15 FY16 FY17 FY18 FY19* EBIT PAT 11.8% 10.6% 12.4% 15.8% 13.9%
Slide 24: Segmental Revenue Breakup
Segmental Revenue Breakup (Rs in Crores) Dyestuff Dye Intermediates 109.1 101.2 226.8 201.2 196.4 200.3 165.4 171.4 40.2 FY14 FY15 FY16 FY17 FY18 FY19 FY14 FY15 FY16 FY17 FY18 FY19 Acid Complex Fertilisers 90.9 16.3 70.1 57.6 10.3 10.2 48.2 48.7 7.7 8.7 8.9 31.0 FY14 FY15 FY16 FY17 FY18 FY19 FY14 FY
Slide 25: Key Financial Parameters
Key Financial Parameters Net Debt (x) ROE % 21.1% 16.3% 15.7% 15.4% 13.7% 14.4% 58 45 22 7 -8 -24 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18# Mar-19# Mar-14 Mar-15 Mar-16^ Mar-17^ Mar-18#^ Mar-19#^ Net Debt to Equity (x) ROCE % 24.9% 23.5% 19.6% 18.3% 17.2% 18.0% 0.9 0.2 0.2 0.0 -0.1 0.0 Mar-14 Mar-15 Mar-1
Slide 26: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Shree Pushkar Chemicals & Fertilisers Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L24100MH1993PLC071376 CIN: U74140MH2010PTC204285 Mr. S N Sengupta, Associate Director Ms. Neha Shroff sengupta@shreepushkar.com neha.shro
Shree Pushkar Chemicals & Fertilisers — Q3 FY2020 Earnings Presentation on 6ix