Rajshree Polypack Limited has informed the Exchange about Investor Presentation
Date: May 16, 2023
To, National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051
Symbol: RPPL
Dear Sir/Madam,
Sub: Q 4& FY 23- Investor Presentation
Pursuant to Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the Investor Presentation with respect to the audited financial results of the Company for Q4 & FY23.
A copy of www.rajshreepolypack.com.
the
said presentation
is also hosted on
the Company's website at
This is for your information and record.
Thanking you, Yours truly, FOR RAJSHREE POLYPACK LIMITED
Mitali Rajendra Shah (Company Secretary & Compliance Officer) Place: Thane Encl:-a/a
RAJSHREE POLYPACK LIMITED (NSE : RPPL)
Investor Presentation Q4FY23 & FY23
Email: info@rajshreepolypack.com
SAFE HARBOR
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Rajshree Polypack 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 securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
This presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost overruns on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement incase any of these forward- looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.
Email: info@rajshreepolypack.com
• Rajshree at a Glance
• Production Process
• Company Overview
• Performance Comparison
• Key Financial Indicators
• Capacity Snapshot
• Production Metrics
Content
• Our Esteemed Customers
• Business Promotion
• Olive Ecopak Private Limited
• Financial Performance
• Company’s Market Status
• Rajshree – Strength
• Board of Directors
• Product Revenue Profile
• Key Managerial persons
• Rajshree’s Milestones of FY23
• Board of Advisors
• Rajshree’s Profit or Loss Highlights
•
Industry Overview
• Rajshree’s Balance Sheet Highlights
• RPPL ESOP 2022
• Products
Email: info@rajshreepolypack.com
Rajshree at a Glance
➢ One of the Leaders in Thermoformed Packaging Product with ~25 years of experience in F&B Packaging Industry.
➢ Products range includes packaging for dairy industry, food and beverages, bakery and confectionaries, trays for
sweet and snacks, punnets for fruits and vegetables, electronic packaging, Cosmetics, etc.
➢ First in the Industry in India to manufacture Rigid Barrier Packaging Products with completely integrated facility
under one roof using state-of-the-art European Machinery.
➢ Accredited with BRC certification for Global Standards for Packaging and Packaging Materials.
➢ Manufacturing units are Sedex certified.
➢ Steady Growth in Production Capacity and consistent investment in Technological Upgradation and Innovation
➢ Holds 4 design and process Patents.
➢ Technology Used – Thermoforming, Injection Moulding, Barrier Extrusion, 8 Colour Printing, Labelling.
➢ Entered Paper Packaging Segment with a Joint Venture
Email: info@rajshreepolypack.com
N O I S U R T X E
G N I T N R P
I
Production Process
I
G N M R O F O M R E H T
I
G N V E E L S
Company has all the core production process under one roof leading to smooth flow of work and quick Turn Around Time.
Email: info@rajshreepolypack.com
Production Process
Injection Moulding (Toll Agreement)
Email: info@rajshreepolypack.com
Performance Comparison
Quarterly Performance Y-o-Y Basis
Sales Growth in Value
Sales Growth in Volume
EBIDTA
s h k a L ₹ n
i
t n u o m A
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
5,149
Q4FY22
6,483
Q4FY23
Sales in ₹ Lakhs
T M n
i
y t i t n a u Q
3,500
3,000
2,500
2,000
1,500
1,000
500
0
2,253
3,013
Q4FY22
Q4FY23
Sales in MT
Email: info@rajshreepolypack.com
s h k a L ₹ n
i
t n u o m A
1,000
800
600
400
200
0
639
Q4FY22
932
Q4FY23
EBIDTA
Performance Comparison
FY23 Performance Y-o-Y Basis
Sales Growth in Value
Sales Growth in Volume
EBIDTA
30,000
24,000
s h k a L ₹ n
i
t n u o m A
18,000
12,000
6,000
0
19,856
FY22
25,219
FY23
Sales in ₹ Lakhs
T M n
i
y t i t n a u Q
11,000
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
8,851
FY22
10,884
FY23
Sales in MT
Email: info@rajshreepolypack.com
s h k a L ₹ n
i
t n u o m A
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
2,699
FY22
3,549
FY23
EBIDTA in ₹ Lakhs
Key Financial Indicators
Stable Growth in Revenue over the years
Sales in ₹ Lakhs
5 Year CAGR 17.56%
25,219
19,856
11,233
12,501
12,572
12,707
Stable Growth in EBIDTA over the years
FY18
FY19
FY20
FY21
FY22
FY23
5 Year CAGR 10.86%
3,549
2,699
2,119
2,117
2,002
2,089
EBIDTA in ₹ Lakhs
FY18
FY19
FY20
FY21
FY22
FY23
Stable Growth in Cash Profits over the years
Cash Profits in ₹ Lakhs 5 Year CAGR 12.20%
2,558
2,129
1,439
1,533
1,544
1,693
• •
FY21, FY22 & FY23 as per Ind-AS FY18, FY19 & FY20 as per Indian Accounting Standards
FY18
FY19
FY20
FY21
FY22
FY23
Email: info@rajshreepolypack.com
Capacity Snapshot
Thermoforming Capacity over the years
Thermoforming in MT 8,020 5 Year CAGR 15.21%
8,770
Extrusion Capacity over the years
4,320
4,320
4,320
5,220
Extrusion in MT
18,200
5 Year CAGR 12.28%
14,700
10,200
10,200
10,200
10,200
FY18
FY19
FY20
FY21
FY22
FY23
FY18
FY19
FY20
FY21
FY22
FY23
Email: info@rajshreepolypack.com
Printing Capacity over the years
Printing in Pieces Lakhs
9,400
5 Year CAGR 12.80%
6,200
6,200
6,800
5,148
5,148
FY18
FY19
FY20
FY21
FY22
FY23
Production and Efficiency Metrics
20,000
17,000
14,000
11,000
8,000
5,000
11,000
9,000
7,000
5,000
3,000
Extrusion (in MT)
Thermoforming (in MT)
VA Per KG
17,207
13,630
9,832
9,000
8,000
7,000
6,000
5,000
4,000
3,000
7,525
5,918
4,344
100
90
80
70
60
88.56
76.04
78.94
FY21
FY22
FY23
FY21
FY22
FY23
FY21
FY22
FY23
Printing (in Lakhs Pcs)
Sleeving (in Lakhs Pcs)
EBIDTA Per KG
5,798
4,692
9,923
1,500
1,200
900
600
300
-
1,232
896
729
35
30
25
26.37
30.52
29.25
FY21
FY22
FY23
FY21
FY22
FY23
FY21
FY22
FY23
Email: info@rajshreepolypack.com
Product Revenue Profile
Stable Growth in Sheet Revenue over the years
Stable Growth in Packaging Product Revenue over the years
8,000.00
6,000.00
4,000.00
2,000.00
-
Sheet Sales in ₹ Lakhs
3 Year CAGR 22.15%
5,990
7,151
3,924
3,806
FY20
FY21
FY22
FY23
20000
15000
10000
5000
0
Packaging Product Sales in ₹ Lakhs
3 Year CAGR 29.69%
17,852
8,185
8,526
13,008
FY20
FY21
FY22
FY23
Stable Growth in Sheet Sale Volume over the years
Stable Growth in Packaging Product Sales Volume over the years
4000
3000
2000
1000
0
Sheet Sales in MT
3 Year CAGR 15.01%
3,463
2,985
2,277
2,400
FY20
FY21
FY22
FY23
Packaging Product Sales in MT
3 Year CAGR 23.32%
5,867
7,420
3,956
4,344
8000
6000
4000
2000
0
FY20
FY21
FY22
FY23
Email: info@rajshreepolypack.com
Rajshree’s Milestones of FY23
45+
200+
600+
New Products added in FY23
No. of customers added in FY23
Customers served in FY23
9
27
500+
Countries Present
States & UT covered
Employee Strength
Email: info@rajshreepolypack.com
Rajshree’s Profit or Loss Highlights
25+ Cr
₹9.63
₹88.56
Cash Profit Generated
EPS
Value Added per KG
12.23%
2.08
3.08
ROCE
Debt EBIDTA Ratio
Interest Coverage Ratio
Email: info@rajshreepolypack.com
Rajshree’s Balance Sheet Highlights
130.29 Cr
0.57
• Capex – 31+ Cr
•
JV - ~9 Cr
Net Worth
Debt Equity Ratio
Investment in current year
~43
~59
~8.86 Cr
Creditors Turnover in days
Debtors Turnover in days
Cash & Cash Equivalents
Email: info@rajshreepolypack.com
RPPL ESOP 2022
16,500
Options Granted
Email: info@rajshreepolypack.com
Products
Barrier Packaging Products
Rigid Packaging Products
Plastic Rigid Sheets
Injection Moulding
Email: info@rajshreepolypack.com
Our Esteemed Customers
Our Total Customer Tally Stands at 625 as of Mar-23; 220 Customers added during the Year
Email: info@rajshreepolypack.com
Business Promotion - Domestic
Aahar Delhi – April 2022
Cosmos Tech – July 2022
Aahar Mumbai – Sept 2022
Email: info@rajshreepolypack.com
Ahar Hospitality Jan’23
Business Promotion - Domestic
Aahar Delhi – Mar’23
IDA Ahmedabad Mar’23
Email: info@rajshreepolypack.com
Business Promotion - International
Gulfood Exhibition, Dubai. Nov’22
Email: info@rajshreepolypack.com
Olive Ecopak Private Limited
Email: info@rajshreepolypack.com
Financial Performance
Profit & Loss Statement
(₹ Lakhs)
Fiscals
Q4FY23
Q4FY22
Y-o-Y
FY23
FY22
Y-o-Y
Revenue from Operations
Operating Profit
6,483
1,404
5,149
1,022
25.92%
37.41%
25,219
19,856
27.01%
5,441
3,999
36.08%
Operating Profit Margin %
21.66%
19.85%
21.58%
20.14%
EBIDTA
932
639
45.80%
3,549
2,699
31.48%
EBIDTA Margin %
14.38%
12.42%
14.07%
13.59%
PAT
PAT Margin %
Earning Per Share (EPS) (₹)
Operational EBIDTA / VA %
PAT / VA %
EBIDTA Per Kg
267
222
20.55%
4.12%
2.34
33.52%
10.68%
27.84
4.31%
1.97
18.29%
34.44%
12.29%
27.59
0.88%
Email: info@rajshreepolypack.com
1,095
4.34%
9.63
34.46%
11.36%
30.52
955
14.66%
4.81%
8.50
13.31%
37.06%
13.67%
29.25
4.32%
Financial Performance
Balance Sheet
(₹ Lakhs)
Particulars
FY23*
FY22*
FY21*
FY20*
FY19**
Shareholders’ Funds
Long Term Borrowings
Short Term Borrowings
Fixed Assets (Including ROU assets, CWIP & Intangible Assets)
Other Non-Current Liabilities
Other Non-current Assets
Current Liabilities
Current Assets
Operational Working Capital
Working Capital
• •
* as per Ind-AS ** as per Indian Accounting Standards
13,029
11,575
10,732
9,956
9,186
2,026
5,368
1,247
2,592
12,568
10,691
1,614
1,294
9,648
12,455
8,577
2,807
1,459
555
4,935
7,970
5,561
3,034
Email: info@rajshreepolypack.com
214
1,459
8,947
634
357
5,316
7,592
3,301
2,275
195
651
731
769
5,369
4,455
591
718
1,921
6,524
2,541
4,603
361
587
2,137
7,747
2,409
5,610
Company’s Listing Details
Particulars
Listed On
CMP (₹)
Market Cap (₹)
Number of Shares O/s
Face Value
52 Week High/Low
Key Institutional Investors
Holding as on 31st March 2023
Wifag Polytype
19,65,513
Abakkus Growth Fund-1
8,66,307
Data as on 31st March 2023
NSE
140.45
160.80
1,14,49,000
₹10
268/137.55
% of Holding as on 31st March 2023
17.17%
7.57%
Shareholding Pattern – 31st Mar 2023
Public/Other Investors 22.79%
Promoters 52.48%
Institutional Investors 7.57%
Wifag Polytype 17.17%
Email: info@rajshreepolypack.com
Rajshree – Strength
Strategically Located at Daman and Sarigam
Strong customer relationships with various industry players
Efficient infrastructure and resources management with strict quality control standards
Efficient Working capital management
Experienced management team
Consistent track record of organic growth
Relatively insulated against seasonality
Co-development of products
Adaptation to new technologies
With all the above strength company is leading the Food & Beverage Packing Industry and poised to grow
Email: info@rajshreepolypack.com
Board of Directors
Mr. Ramswaroop Thard - Promoter, Chairman & MD
• Bachelors of Engineering, Pune University having experience of 25+ years in plastic industry • Plays pivotal role in business development, sales, administration & finance • He is also the founding member of Thermoforming and Allied Industries Association
Mr. Anand Sajjankumar Rungta – Whole-Time Director
• Bachelors of Commerce with experience of 9+ years in textile, import manufacturing, transportation, commission agency of plastic items and other products
trading,
export,
and
Mr. Praveen Bhatia - Independent Director
• Chartered Accountant with experience of 27+ years in issue management, merger & amalgamations, foreign collaborations, project consultation, taxation and investment advisory
loan syndication, audit,
Mr. Naresh Thard – Promoter & Joint MD
• Experience of 23+ years in plastic industry with strong technical
strength in packaging domain
• Instrumental in growth of the Company since inception
Mr. Pradeep Kumar Gupta - Independent Director
• Mechanical Engineer & PGD - Industrial Management, Operations Research having 40+ years of experience in Plant Operations, Business & Market Development and Client Relationship Management
Mr. Rajesh Murarka - Independent Director
Ms. Yashvi Shah - Independent Director
• Chartered Accountant with experience of 24+ years • Handled debt syndication, debt structuring/ re-structuring and
debt advisory services
• CS, LLB; Associated with projects in private equity investments,
rights issue and other Corporate Legal Advisory matters.
• Brings more than 6 years of experience in handling legal and
secretarial matters.
Email: info@rajshreepolypack.com
Key Managerial Personnel
Mr. Arun Bhalerao – Product and Business Development Head
Mr. Pradeep Kumar – Marketing and Sales Head
• M. Sc., Polymer Technology, having 41+ years of experience in
• PG-PPT and GDP from CIPET, having 27+ years of experience in field of
Packaging Industry
packaging, operations and business development
• Area of expertise include R&D, production, product development,
• Has served many Companies across pharmaceuticals and food industry
business development & marketing
including Cadbury, General mills & Park-Davis/ Pfizer
Mr. RS Nair – HR and Administration Head
Mr. Sunil Sharma - CFO
• Masters
in HRM having 27+ years of experience in office
• Aged 42 years, looks after accounting and financial matters of the
administration and HR across industries including pharmaceuticals,
Company
polymer, paper and plastic
• Has 17+ years of experience in fields of
finance & accounting,
administration, planning & execution and marketing
Mr. Purav Shah – Plant Head
Ms. Mitali Shah – Company Secretary and Compliance Officer
• An absolute professional with 21 years of experience in plastics
• Member of Institute of Company Secretaries of India
processing. Specializes
in Thermoforming, Dry Offset Printing
technology, Sheet Extrusion,
Injection Moulding with In Mould
Labelling, Thin and Thick wall Injection Moulding with Robotics
• Associated with RPPL since Jan’18, having 5 years of experience in
corporate laws compliance
Email: info@rajshreepolypack.com
Board of Advisors
Mr. V Balaji, Technical Advisor
• Aged 64 years, has 43+ years of experience across printing, lamination and cast PP film industry • Carries hands-on technical knowledge of all kinds of Flat tube laminate • Has also worked on production of barrier PE films (Nylon EVOH, Nylon PE and EVOH PE), used for non foil tube laminates in various thickness namely from 275 to 400 Mic
CA Saurabh Agarwal, Strategic Advisor
• Seasoned professional with over 20 years of experience across business verticals including planning and implementing innovative strategies • Though a finance professional, his area of expertise covers all aspects of business activity be it marketing, admin, HR etc. which play a vital role in success of any business
enterprise
Email: info@rajshreepolypack.com
Industry Overview
•
•
•
•
•
The Global Packaging market accounted for $926.43 billion in 2019 and is expected to reach $1,652.28 billion by 2027 growing at a CAGR of
7.5%(1)
The global plastic packaging market size was valued at USD 355.0 billion in 2021 and is expected to expand at a compound annual growth rate
(CAGR) of 4.2% from 2022 to 2030.(7)
The India Packaging Market was valued at $50.5 Bn in 2019, and it is expected to reach $ 204.81 Bn by 2025, registering a CAGR of 26.7% during
the period of 2020-25(2)
Rigid packaging industry on a global level is estimated to grow at a 7.5% CAGR to reach USD 800 Billion by 2027(3)
India rigid plastic packaging market is expected to reach USD18.02 billion by 2027, growing at a CAGR of 8.01% during the forecast period. (4)
• Global Food and Beverages market is expected to grow from $5,838.8 billion in 2020 to $6,196.15 billion in 2021 at a CAGR of 6.1% Rigid
packaging plays a key role in food and beverage industry as these packaging materials provide longer shelf life to the food items. (5)
• According to the Indian Institute of Packaging (IIP), the packaging consumption in India has increased by 200% in the past decade, rising from 4.3
kg per person per annum (pppa) to 8.6 kg pppa. (6)
Source :
5. The Business Research Company https://www.thebusinessresearchcompany.com/report/food-and-beverages-global-market-
1. https://www.businesswire.com/news/home/20210111005470/en/Global-Packaging-Market-Outlook-to-2027-and-the-Impact-of-COVID-19---
report#:~:text=The%20global%20food%20and%20beverages,(CAGR)%20of%206.1%25.
ResearchAndMarkets.com )
2.; https://www.investindia.gov.in/sector/paper-packaging
6. Indian Brand Equity Foundation : https://www.ibef.org/blogs/indian-packaging-industry-riding-on-the-e-commerce-wave
7. https://www.grandviewresearch.com/industry-analysis/plastic-packaging-
3. https://www.globenewswire.com/en/news-release/2022/06/09/2459340/0/en/Rigid-Packaging-Market-Worth-USD-800-Billion-by-2027-at-7-5-CAGR-
market#:~:text=The%20global%20plastic%20packaging%20market%20size%20was%20estimated%20at%20USD,USD%20369.2%20billion%20in%202022.
Report-by-Market-Research-Future-MRFR.html .
4. https://www.techsciresearch.com/report/india-rigid-plastic-packaging-market/3885.html
Email: info@rajshreepolypack.com