Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation on Q1 FY23 on Financial Results for the quarter ended June 30, 2022

about 1 month ago

INVESTOR PRESENTATION

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Sentiments detected

Positive 36
  • Rs 198 cr Rs 361 cr Rs 28 cr Rs 61 cr Rs 12 cr Rs 34 cr 14.0% margin 16.8% margin STARTS FY23 ON A STRONG NOTE IMPROVED QUARTERLY EARNINGS GROWTH CONSOLIDATED EPS (In Rs)

  •  Consolidated domestic and exports sales continue RECORDS BEST EVER QUARTERLY its growth trend, growing by 102% and 65% YoY. PERFORMANCE  Healthy balance sheet with holistic improvement RECORD OPERATING LEVELS in return and leverage metrics.

  • HIGHEST QUARTERLY SALES, EBITDA, EBITDA MARGIN, PAT AND PAT MARGIN  Expansion in EBITDA margin despite power cut measures taken by the states in Q1.

  • DEMONSTRATED CONSISTENT SEQUENTIAL GROWTH 6

  •  Interest coverage at 5x  Strong return metrics SOUND 

  • Reduced interest costs consistently  Improved internal accruals FINANCIAL HEALTH

  • Focused on consistently delivering sustainable performance 7 Consolidated Return on 28% 14% Consolidated Return on 34% 19% 34%

  • Long standing relationships with domestic and overseas marquee customers.

  • Global Reach  Consolidated export turnover grew by 3x in last 6 years as a result of operational flexibility and improved quality, meeting export requirements.

  •  The usage of chromium chemicals in several industries is boosting the market growth Industry demand drivers due to the benefits of untarnished, uniform and corrosion-resistant properties.

  • Over the last few fears, the company has diversified its revenue profile with presence in both domestic and export markets.

  • Strengthened export market to help us increase market share Doubled export turnover since FY17.

  • existing plant, which will lead to - Q1FY23 was the first full quarter of operations of our backward integration unit, increase in capacity by nearly operating at upwards of 50% utilisation levels 10,000 TPA amid an expected Environmental benefit: surge in demand.

  • Significant cost reduction.

  • From being a loss making facility during the acquisition in 2015, today the Barium subsidiary makes significant contribution to consolidated profits.

  • And now the focus is to grow our emerge as one of the leading market share with higher volumes manufacturers globally.

  • which would lead to operating leverage and better profitability.

  • The construction and real estate industries have witnessed significant growth in Industry demand drivers emerging economies.

  • The rising preference for luxury living has increased the demand for ceramic tiles, which has fueled the demand for barium carbonate.

  •  China’s internal consumption of baryte has Highest quality of product: The company produces the best increased in drilling in their Oil & Gas industry.

  •  Chinese currency has largely appreciated over the last 10 years.

  • Strong presence in domestic and export markets: Exports contributes 50%+ to sales compared to 15% in FY16.

  • •Highest Operating Levels Ever.

  • •Domestic and exports sales grew by 22% and 84% respectively in the last 12 months, despite pandemic induced disruptions globally.

  • Growth Drivers: IN PROGRESS  Commenced operations at brownfield expansion in  Diversification: Brownfield expansion to Barium Chemicals in Q4FY22.

  • Achieved 10%+ higher production on a QoQ basis.

  • Barium portfolio diversification and better margins driven by import substitution  For remaining part of FY23, operating levels are theme.

  • expected to improve.

  •  Expect savings of ~15% on energy costs per month.

  • PROXIMITY TO PORTS IMPROVES MATERIAL HANDLING AND FACILITATES DELIVERY CONVENIENCE.

  • Continuous improvement in the quality of products by improving the process performance.

  •  Installation of high quality control equipments ensures enhanced performance and productivity.

  • Positive of delivering  Leading position in India, operating in a market industry leading value with substantial barriers to entry.

  •  Demonstrated ability to pass the rise in input prices and freight costs.

  • Flexible product mix leading to consistent flow of requirement from different sectors.

  •  All of our plants are operating and we are continuing to meet our customer needs.

Negative 2
  • The realisations per tonne have increased and are likely to sustain due to following reasons: Turned around ailing business segment post acquisition

  • baryte in 2014 compared to USD 114 M in 2021.

Mentioned Phrases & Organizations

Important keywords detected (20+)

presentation (15)
export (13)
india (12)
domestic (11)
market (10)
operating (8)
demand (8)
industry (8)
ebitda (7)
chemicals (7)
leading (7)
product (7)
quality (7)
growth (6)
manufacturing (6)
customers (6)
domestic export (6)
vishnu (5)
investor (5)
revenues (5)

Organizations identified (10+)

Vishnu Chemicals (1)
JMD (1)
Chrome Oxide Green (1)
Potassium Dichromate (1)
SDC (1)
Refractories (1)
Wood Preservative (1)
MTPA (1)
Ceramics (1)
caustic soda industry (1)

Tables extracted (7)

In Rs CrQ1FY23Q1FY22Y-o-Y changeQ4FY22Q-o-Q changeFY22FY21Y-o-Y change
Total Revenues36119883%3368%107568258%
EBITDA6128118%5314%16180101%
EBITDA Margin16.8%14.0%+273 bps15.8%+92 bps15.0%11.8%+317 bps
PAT3412194%2919%8134136%
PAT Margin9.4%5.9%+357 bps8.5%+91 bps7.6%5.1%+251 bps
EPS in Rs.28.59.7194%23.919%68.128.8136%
In Rs CrQ1FY23Q1FY22Y-o-Y changeQ4FY22Q-o-Q changeFY22FY21Y-o-Y change
Total Revenues30616289%2934%91357758%
EBITDA5220155%487%13364107%
EBITDA Margin16.9%12.5%+438 bps16.5%+36 bps14.5%11.1%+343 bps
PAT297322%277%6523187%
PAT Margin9.6%4.3%+ 529 bps9.3%+26 bps7.1%3.9%+320 bps
EPS in Rs.24.55.8322 %22.97%54.619.1187%
Consolidated Return on34%
19%34%
In Rs CrFY16FY22
EBITDA Margin-12%17%
PAT Margin-28%9%
Debt to Equity ratio3.20.8
Interest coverage-3x9x
ROCE-40%29%
Gross Fixed asset turnover ratio0.51.6
Income113175
% change y-o-y56%
EBITDA1830
EBITDA Margin16%17%
PBT1223
Less: Tax-7
PAT1216
Consistent Dividend Track Record
2018
2019
2020
2021
2022

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