Rswm Ltd · NSE:RSWM
Rswm — Q4 FY24 Earnings Presentation
34 slides from Rswm's earnings presentation, May 24, 2024
Slide 1: Exchange filing cover letter for investor presentation
RSWM/SECTT/2024 May 24, 2024 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Listing Department, 1st Floor, New Trading Ring, Exchange Plaza, C-1, Block - G, Rotunda Building, P.J. Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), MUMBAI - 400 001. MU
Slide 2: Investor Presentation Q4 & FY24
Investor Presentation Q4 & FY24 NSE: RSWM BSE: 500350 TEXTILE DRIVEN BY INNOVATION, GROWTH & TRANSFORMATION
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by RSWM (“Company") solely for information purposes without any regard to any specific objective, financial situation, or informational need of any particular person. This presentation may not be copied, distributed, or disseminated, directly or indire
Slide 4: Presentation Content
Presentation Content 01. 02. 03. Q4 & FY24 Financials Growth Drivers Company Profile 04. 05. 06. Historical Data Management Team Annexure Q4 & FY24 www.rswm.in 3
Slide 5: Message From CMD & CEO's Desk
Message From CMD & CEO’s Desk “ “In the dynamic landscape of the cotton sector, challenges like initial stockpiling and potential shifts in farmer behavior pose hurdles in FY24. However, our analysis indicates resilience in these challenges, with stable consumption and favorable pricing dynamics as
Slide 6: Message From JMD's Desk
Message From JMD’s Desk “ “As we ventured into Q4 of the FY24, we found ourselves amidst a wave of optimism within the consumer landscape, buoyed by the remarkable resilience observed during the marriage season. This positive sentiment is supported by several key factors, including competitive manuf
Slide 7: Q4 & FY24 Financials
01 Q4 & FY24 FINANCIALS 07 Q4 FY24 Financial Performance 08 FY24 Financial Performance 09 Average Price Realization www.rswm.in
Slide 8: Q4 FY24 Financial Performance
Q4 FY24 Financial Performance ₹ in Cr Revenue GP & GP Margin(%) EBIDTA & EBIDTA Margin(%) 20% QoQ 23% YoY 16% QoQ 18% YoY 2.4x QoQ 1,171 89 956 977 403 341 346 54 22 35.7% 35.4% 34.4% 9.3% 2.3% 4.6% Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 PAT Net Working Capital Fixed
Slide 9: FY24 Financial Performance
FY24 Financial Performance Revenue from Operations GP & GP Margin(%) ₹ in Cr 7% YoY 4,057 3,789 1,475 1,448 38.9% 35.7% FY23 FY24 FY23 FY24 EBIDTA & EBIDTA Margin(%) PAT & PAT Margin(%) 340 110 132 35 9.0% 3.2% 2.9% 0.9% FY23 FY24 FY23 FY24 Q4 & FY24 www.rswm.in 8
Slide 10: Average Price Realization
Average Price Realization PV Grey Yarn Cotton Grey Yarn Denim 359 319 319 271 278 262 264 250 242 244 259 244 239 235 240 240 243 242 244 237 217 216 202 218 226 221 232 195 189 174 168 167 165 166 161 164 9.3% 2.3% 4.9% FY23 FY22 FY23 FY24 FY22 FY24 FY22 FY23 FY24 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
Slide 11: Growth Drivers
02 Growth Drivers 11 Acquisition of Spinning, Knitting and Processing Undertaking of Ginni Filaments Limited, at Chhata, Kosi, Dist. Mathura (UP) 12 Growth Driving Factors www.rswm.in
Slide 12: Acquisition of Spinning, Knitting and Processing Undertaking of Ginni Filaments Limited
Acquisition of Spinning, Knitting and Processing Undertaking of Ginni Filaments Limited • Acquisition will • The acquisition's synergies boost • The proposed strengthen RSWM's EBIDTA, ensuring financial stability, acquisition of Ginni position in the with anticipated earnings growth Filaments Limite
Slide 13: Growth Driving Factors
Growth Driving Factors Q4 & FY24 www.rswm.in 12
Slide 14: Company Profile
03 Company Profile 14 About RSWM Limited 16 Milestones 17 Business Verticals 20 Sustainability 21 Strong Parentage www.rswm.in
Slide 15: About RSWM Limited
About RSWM Limited Nation’s Largest Textile Manufacturer & Exporter RSWM Limited, headquartered in Noida, is one of India’s largest textile manufacturers and exporters of Synthetic, Blended, Mélange, Cotton, and Specialty value-added yarns, and in the manufacturing of Denim fabric, Knitted fabric, a
Slide 16: Strategically Located
Strategically Located Chhata, Kosi, Dist. Mathura a) Ring & Open-End Cotton Greige Yarn Spinning Kanyakheri b) Knitting & Processing Melange Yarn 6.26 Lac SPINDLES Mayur Nagar, Lodha Ringas Spinning Cotton, PV Blended & a) Fibre Dyeing & Spinning Open End Greige Yarn b) Dyed Yarn Recycled 5,840 ROTO
Slide 17: Milestone
Milestone ▪ Expansion of Unit located at Lodha Unit, Banswara by addition of 51,072 Spindles of Compact Cotton Yarn ▪ Acquisition of BG Wind Power Limited (BGWPL) – 20MW ▪ Acquisition of Spinning, ▪ Added 4 MW Knitting and Processing ▪ Established a ▪ RSWM ▪ Modernization Solar power. Undertaking of
Slide 18: Business Vertical: Yarn
Business Vertical: Yarn Dyed Yarn Greige Yarn Melange Yarn Combined Compact Yarn ▪ Dyed PV Blended, Poly 100%, Visc. ▪ Greige is a yarn that hasn't been ▪ Melange yarn, a high-value yarn, is ▪ RSWM started its latest innovation 100%, Poly/Visc/Cotton Blended bleached or dyed manufactured at its Mand
Slide 19: Business Vertical: Denim
Business Vertical: Denim ▪ LNJ Denim, a denim-manufacturing facility established in 2007 under RSWM Limited (the flagship company of LNJ Bhilwara Group), has a manufacturing capacity of 32.4 million meters annually. Capable of processing 3,000+ denim variants ▪ LNJ Denim has earned an excellent repu
Slide 20: Business Vertical: Knitted Fabric
Business Vertical: Knitted Fabric Ventured into Knitted Fabric to create value ▪ After being the leading supplier of high-quality yarn to the world, RSWM Limited has ventured into producing circular knitting fabrics. Knits is a $206 Bn market globally and India has ~4% market share, so the opportuni
Slide 21: Sustainability
Sustainability ▪ Promoting Sustainable Practices: RSWM Ltd. exemplifies its commitment to the environment by prioritizing sustainable business practices. During the FY24, we proudly recycled an impressive 55,250 MT of PET plastic bottles, recycled 59 MT of waste fabric, Pellets extruded saved 640 KL
Slide 22: Strong Parentage
Parentage ELECTRODES POWER CONSULTANCY ▪ HEG Limited ▪ Indo Canadian Consultancy Services Limited Strong TEXTILES HIGHLIGHTS ▪ RSWM Limited ▪ 5 Group companies listed on the Stock ▪ Maral Overseas Limited Exchanges. ▪ BSL Limited ▪ Production units & Corporate office spread ▪ Bhilwara Technical Text
Slide 23: Historical Data
04 Historical Data 23 Financial Data 24 Financial Ratios www.rswm.in
Slide 24: Financial Data
Financial Data ₹ in Cr Revenue EBIDTA & EBIDTA Margin(%) PAT 240 4,057 3,817 3,789 464 2,771 2,326 340 110 264 215 132 35 23 9.3% 22 9.5% 9.5% 9.2% 9.2% 12.2% 12.2% 9.0% 9.0% 3.3% 3.2% 2.3% 4.9% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 ` Net Working Capital Net Cash
Slide 25: Financial Ratios
Financial Ratios ₹ in Cr ROCE(%) ROE(%) Net Worth 1,268 1,309 27.3% 999 706 761 16.3% 8.5% 9.7% 6.1% 4.3% 3.8% 3.2% 2.8% 2.7% 9.3% 9.5% 9.2% 12.2% 9.0% 3.3% 2.3% 4.9% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 ` Fixed Asset Turnover(x) Total Debt Capital Employed 3,59
Slide 26: Management Team
05 Management Team 26 Management Team 28 Achievement www.rswm.in
Slide 27: Management Team
Management Team Mr. Prakash Maheshwari Mr. Suketu Shah Chief Executive Chief Executive (Corp. Affairs & TPP) (Denim) Mr. Balkrishan Sharma Mr. Y D Tiwari Business Head & Chief Executive Chief Executive (Yarn) (Melange Yarn) Mr. Arvind Kumar Maurya Mr. Manoj Sharma Chief Executive (Knits) President &
Slide 28: Management Team
Management Team Leadership Training Program Q4 & FY24 www.rswm.in 27
Slide 29: Achievement
Achievement Excellence in Sustainable Practices Award by ICAI (For Pre-Adoption of BRSR & ESG Compliance) Gold Award for Spun Yarn Export by SRTEPC Gartex Denim show in Mumbai Triple Triumph at the TEXPROCIL Awards for both 2021-22 and 2022-23 Q4 & FY24 www.rswm.in 28
Slide 30: Achievement
Achievement RSWM Limited Most Innovative Risk – LNJ Denim (Winner) Holds the prestigious Winner of Management Strategy Award for best HR “3 Star Trading House” “The Rajasthan Energy of the Year practices to CHRO Endowed with Progress status by Conservation Award” in Towards Sustainability Govt. of I
Slide 31: Annexure
06 Annexure 31 Profit & Loss Statement 32 Balance Sheet Statement www.rswm.in
Slide 32: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Quarterly Year Ended Parameter ₹ in Cr Q4FY24 Q3FY24 QoQ Q4FY23 FY24 FY23 Total Income 1,181.91 983.39 20.2% 997.02 4,092.72 3,880.34 Raw Material Cost 695.80 640.176 568.70 2,603.39 2,356.59 Employee Cost 114.96 118.179 94.66 465.86 418.48 Power Cost 121.57 115.06
Slide 33: Balance Sheet Statement
Balance Sheet Statement Assets FY24 FY23 Equity & Liabilities FY24 FY23 ₹ in Cr Non-current Assets 1,811.69 1,449.06 Shareholders' Fund 1,309.29 1,268.42 Property, Plant & Equipment 1,451.47 1,081.57 Share Capital 47.10 47.10 Capital work in progress 32.00 182.80 Reserve & Surplus 1,262.19 1,221.32
Slide 34: Thank You
Thank You G E T I N TO U C H W I T H U S Shri Avinash Bhargava Shri Surender Gupta Chief Financial Officer VP – Legal and CS Tel: 01483 222515 Tel: +91 120 4390058 E: cfo.rswm@lnjbhilwara.com E: skg@lnjbhilwara.com Corporate Office Registered Office Bhilwara Towers, Kharigram, A-12, Sector - 1 P.O.