Sportking India Limited has informed the Exchange about Investor Presentation
sp~rtkJqg INDIA LTD.
(Govt. Recognised Four Star Export House)
Regd.&CorporateOffice: Admn. Office E-mail: Website
Vill. Kanech, Near Sahnewal, G.T. Road, Ludhiana-141120 Ph. (0161) 2845456 to 60 Fax: 2845458 : 178, Col. Gurdial Singh Road, Civil Lines, Ludhiana-141001 Ph. (0161) 2770954 to 55 Fax: 2770953 17122PB 1989PLC053162 GST No.: 03AAACS3037Q1ZA
sportking@sportking.co.inCINNo.L
: www.sportking.co.in
SIL/2023-24/SE
To BSE Limited Phiroze Jeeheebhoy Towers, Dalal Street, Mumbai-40000 1
Date: 23.10.2023
To National Stock Exchange of India Ltd, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai- 400051
Script Code: 539221
Symbol: SPORTKING
Sub: Investor's Presentation
Dear Sir,
to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and herewith copy of
Pursuant Disclosure Requirements), Regulations 2015, please find attached Investor's Presentation with respect year ended 30th September, 2023.
to Performance of the Company for the quarter/half
You are requested to take the above mentioned information on your records.
Yours truly,
For SPORTKING INDIA LIMITED
LOVLESH VERMA COMPANYSECRETARY (ACS: 34171)
-
WORKS :·SPORTKINGSYNTHETICS,Vill. Kanech, Near Sahnewal, G.T. Road, Ludhiana-141120 Ph. : (0161) 2845456,57,59,60
Fax: 2845458
'SPORTKING PROCESSOR,Village Barmalipur, Near Doraha, G.T. Road, Ludhiana - 141416 Ph.
:
(01628) 244152, 244153
·SPORTKINGINDUSTRIES,Village Jeeda, NH-15, Kotkapura Road, Bathinda·151201 Ph. : (0164) 2767763, 544, 644, 744 Fax: 2767844
Investor Presentation - October 2023
SAFE HARBOR
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sportking India Ltd (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.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
2
Q2 & H1 FY24 - Financial Performance
DELIVERED CONSISTENT GROWTH
Revenue from Operations*
Rs. 628 crores
17%
GROSS PROFIT
EBITDA
Revenue from Export Businesses (Rs. in crores)
301
251
330
Rs. 118 crores
Rs. 40 crores
Margin at 19%
Margin at 6%
Q2 FY23
Q1 FY24
Q2 FY24
Q2 FY24 Revenue Contribution
EBIT
Profit Before Tax
48%
s t h g i l h g i H
y l r e t r a u Q
4 2 Y F 2 Q
Rs. 38 crores Margin at 6%
Rs. 21 crores Margin at 3%
* Change in Revenue from Operations on a quarterly basis
52%
52%
Contribution from Export Business
Exports
Domestic
4
Q2 FY24 PERFORMANCE (Y-o-Y & Q-o-Q)
Revenue from Operations (Rs. in Crs)
EBIDTA (Rs. in Crs)
PBT (Rs. in Crs)
552
539
628
49
50
40
36
24
21
Q2 FY23
Q1FY24 Q2 FY24
Q2 FY23
Q1 FY24 Q2 FY24
Q2 FY23
Q1 FY24
Q2 FY24
PAT (Rs. in Crs) PAT (Rs. in Crs)
EBITDA % EBITDA %
18
16
9
9
10
6
9
PAT % PAT %
3
2
0
0
Q2 FY23*
Q1 FY24
Q2 FY24
Q2 FY23
Q1 FY24
Q2 FY24
Q2 FY23* Q1 FY24
Q2 FY24
*PAT in Q2 FY23 is Rs. 0.76 Lakhs due to an exceptional item - Recognition of the difference between the carrying amount of the liability component of the redeemed preference Shares and consideration paid.
5
Q2 & H1 FY24 PROFIT & LOSS
Profit & Loss statement (Rs. in Crs)
Q2 FY24
Q2 FY23
Revenue from Operation
Raw Material Cost
Purchase of Finished goods
(Increase) / Decrease In Stocks
Power Cost
Gross Margin
Gross Margin %
Employee Cost
Other Expenses
EBITDA
EBITDA %
Other Income
Depreciation
Finance cost
PBT
PBT Margin %
Exceptional Items
Tax
PAT
PAT Margin %
628.3
441.2
0.3
28.4
40.5
117.9
18.8%
34.2
44.1
39.6
6.3%
19.8
21.6
16.5
21.3
3.4%
0.0
5.8
15.5
2.5%
552.1
411.2
0.5
3.2
26.8
110.3
20.0%
27.7
33.8
48.9
8.9%
3.2
10.3
5.6
36.3
6.6%
29.7
6.6
0
0.0%
Y-o-Y
13.8%
6.8%
-19.1%
-41.3%
Q1 FY24
538.9
412.0
0.4
-28.4
36.6
118.4
22.0%
32.1
36.4
49.8
9.2%
5.3
20.3
10.4
24.4
4.5%
0.0
6.2
18.2
3.4%
Q-o-Q
16.6%
-0.4%
-20.5%
-13%
-14.7%
H1 FY24
H1 FY23
1167.3
853.2
0.7
0
77.0
236.3
20.2%
66.4
80.5
89.4
7.7%
25.1
41.9
26.9
45.7
3.9%
0.0
12.0
33.7
2.9%
1158.5
801.6
08
-15.1
56.8
314.4
27.1%
53.8
77.6
183.1
15.8%
4.2
20.1
14.4
152.7
13.2%
29.7
40.0
83.1
7.2%
6
H1 FY24 BALANCE SHEET STATEMENT
Equity & Liabilities (₹ in Cr)
Sep’23 Mar’23
Assets (₹ in Cr)
Equity Share Capital
Other Equity
Total Equity
Financial liabilities
1. Borrowing
2. Lease Liabilities
Provisions
Deferred tax Liabilities (Net)
Other Non-Current Liabilities
Total Non-Current Liabilities
Financial Liabilities
(ii) Borrowings
(ii) Lease Liabilities
(iii) Trade Payables
(iv) Other Financial Liabilities
Other Current Liabilities
Current Tax Liabilities
Provisions
Total Current Liabilities
Total Equity & Liabilities
12.9 852.8
865.6
420.3 0.6 13.7 24.6 0.0
459.2
164.4 0.1 53.6 57.3 12.2 12.5 0.6
300.6
13.4 886.3
899.7
342.7 0.6 12.3 21.5 0.0
376.9
130.8 0.1 103.3 43.4 10.6 9.2 0.6
298.1
Property, plant and equipment
Capital Work-in-Progress
Right of Use Asset
Other Intangible Assets
Income Tax Assets (Net)
Other Financial Assets
Other Non-Current Assets
Total Non-Current Assets
Financial Assets
(i) Inventories
(ii) Trade Receivable
(iii) Cash and Cash Equivalents
(iv) Bank balances other than above
(v) Other Financial Assets
Other Current Assets
Total Current Assets
Sep’23 Mar’23
799.4
756.1
18.1
0.6
0.2
1.8
19.3
4.3
6.6
0.6
0.2
1.8
17.9
6.6
843.6
789.9
299.8
354.0
2.4
0.0
0.5
125.1
781.8
372.0
233.7
11.6
56.1
0.8
110.9
784.9
1625.5
1574.8
Total Assets
1625.5
1574.8
7
H1 FY24 CASH FLOW STATEMENT
Cash Flow Statement (Rs. Crs.)
Cash Flow from Operating Activities
Profit before Tax
Adjustment for Non-Operating Items
Operating Profit before Working Capital Changes
Changes in Working Capital
Cash Generated from Operations
Less: Direct Taxes paid
Net Cash from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net increase/ (decrease) in Cash & Cash equivalent
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Sep-23
Sep-22
45.7
62.9
108.6
-88.1
20.5
-5.6
14.9
-37.9
13.9
-9.1
11.6
2.4
123.0
64.4
187.4
420.1
607.5
-42.5
565.0
-95.6
-371.6
97.8
0.5
98.3
8
RECOGNITION AS A FOUR-STAR EXPORT HOUSE
Based on its export performance, Company's recognition has been upgraded to 'Four Star Export House' from 'Three Star Export House' by the Ministry of Commerce and Industry, Government of India in accordance with the provisions of the Foreign Trade Policy, 2023.
Export of free-of-cost samples
Self Certification of Manufactured Goods
04
05
Establishment of Export Warehouse
03
06
Ease in Documentation and Preferential treatment
Exemption from the furnishing of Bank Guarantee (BG)
Benefits of being a Star Export House
02
01
07
08
AEO (Authorized economic operator) Benefits
Standard Input-Output Norms (SION)
Financial assistance from Government Schemes
Business Overview
OVERVIEW
Established in 1989
Presence in 30+ countries
Owns 3 State of the art manufacturing facilities
Diversified Product Range
Manufacturing facilities with Modern Technology
Committed to create High Quality end products
Compliance with International Quality recognition standards
Focus on High Manufacturing efficiencies
11
JOURNEY SO FAR
Installed 6K+ Spindles for manufacturing of Acrylic Yarn at Ludhiana in 1993
Setting up of a Dye House for dyeing/ processing of textile yarn fibers
Successful expansion at Bathinda Unit adding 68K+ spindles with state-of-the-art plant for manufacturing of cotton compact yarn achieving a total overall spinning capacity 274K+ spindles.
Spinning Capacity increased by greenfield expansion with installation of 12K+ spindles at Ludhiana (2nd unit) for manufacture of synthetic yarn. Capacity expanded from time to time for manufacturing of Synthetic/ Polyester Cotton Blended. Present installed capacity- 65K+ spindles
2018-19
Spinning Capacity increased further with Greenfield expansion with installation of 57K+ Spindles at Bathinda for manufacturing of Cotton Compact Yarn. Capacity expanded from time to time for manufacturing of Polyester Cotton Blended/ Cotton Compact yarn and capacity increase to 1,38,720 Spindles upto November 2013.
Successful commissioning of 10MW Rooftop Solar Power Project for in house consumption. Capex undertaken for additional 15MW 1st Phase & 2nd Phase capacity addition 0f 40,800 & 63,072 Spindles respectively completed for manufacturing of Polyester Cotton yarn and cotton yarn (compact)
12
PRESENCE ACROSS THE GLOBE
Canada
USA
Mexico
Germany
Belgium
Italy
Portugal
Spain
Morocco
Tunisia
Egypt
Panama
Columbia
Brazil
South Korea
China
Bangladesh
Hong Kong
Macao Vietnam
Sri Lanka
Thailand
Malaysia
Singapore
Ethiopia
Kenya
Tanzania
Mauritius
South Africa
Geography Wise Revenue Break-up Q2 FY24
48.0%
Rs. 330 crores
52.0%
Domestic
International
We are representing India on a world stage with average exports worth more than US $ 125-175 million.
13
MANUFACTURING FACILITIES & CAPACITIES
Units
Manufacturing
Installed Capacities
Unit I - Spinning Unit
Unit II - Dye House
Unit III - Spinning Unit
Acrylic/Blended Acrylic Polyester Yarn/ Blended Polyester Cotton yarn
Support to Unit No. I & III for their synthetic fibre/ dyeing yarn processing
compact/contamination free cotton / Polyester cotton blended yarn
65,904 Spindles
15-20 MTPD
3,12,672 Spindles
Capacity utilisation of all units more than 90%
14
TECHNOLOGICAL EDGE
▪ Technologically advanced machineries to support our
manufacturing infrastructure
▪ Robust control practices in place to ensure consistent
quality of our products
▪ Use of modern testing instruments such as:
₋ HVI
₋ AFIS
₋ Uster Classimat
₋ Uster Tensest
₋ Uster Hairiness tester
15
STRATEGIC ADVANTAGES
Rail & Roads : Helps in better connectivity with other parts of India.
Inland Container Depot(ICD): ICD at import/export Bathinda/Ludhiana clearances & regular road transport/train service availability between company’s unit/ICD and different seaports.
for
Add Text Here
Add Text Here
The variable price of electricity will be Rs. 5.00 per Unit for the industry as announced by the Punjab Govt. w.e.f. 1st January 2018.
and
Duty
Electricity Infrastructure Development Fund of 13.33%. of the cost the existing unit at of power the Bathinda) has been waived by Government of Punjab
(for
16
PRODUCT RANGE
100% Cotton Yarns
▪ 100% cotton combed compact yarns in normal and sublime quality for knitting
and weaving
▪ 100% cotton combed compact slub ▪ 100% cotton combed Eli twist
Polyester/Cotton Blended Yarns
▪ Polyester/cotton combed yarns ▪ Polyester/ cotton Melange yarns
Fancy Yarns
▪ Jaspe yarns, Jaspe slub yarns, injection slub yarns and snow yarns.
Dyed Yarns
▪ 100 % cotton and PC blended dyed yarns
Acrylic & Acrylic/Polyester Blended Yarns
▪ 100% Acrylic high bulk yarns ▪ 100% Acrylic Non bulk yarns ▪ Acrylic/ polyester blended high bulk yarns
17
SALES & MARKETING
Focus on excellence Focus on delivering best & premium quality products to most quality conscious brands and customers.
Customer Driven Innovation As a result of changing trends in both domestic & international markets accompanied with customer centric approach, our innovation initiatives are customer driven.
Domestic & international markets We have established ourselves as a prime producer of premium quality yarns and also as one of the largest exporters of cotton yarns to the most quality conscious garment brands across the globe
Sale of products through dedicated dealer/agents & directly A strong team of dedicated dealers/agents in domestic as well as international markets
Dedicated marketing team Located at corporate office ensuring quick responses to customer queries amidst continuously evolving market trends.
18
MARQUEE CUSTOMERS
The brand names mentioned are the property of their respective owners and are used here for identification purpose only
19
BOARD OF DIRECTORS
Munish Avasthi Managing Director
Naresh Jain Executive/Whole Time Director
Prashant Kochhar Non-Executive Independent Director
Sandeep Kapur Non-Executive Independent Director
Harpreet Kaur Kang Non Executive Independent Director
Anjali Avasthi Non Executive Non Independent Director
• Naresh Jain has
enormous experience and exposure in managing textile and garment business. • He is working as an
executive/Whole time director of the company since 2009
• Munish Avasthi aged 49 years is having rich experience in Spinning/Textile Industry from last 28 years.
• The day-to-day
operations of the company are looked after by him. He has been also awarded First Generation Entrepreneur Award for Textile Mills by Cotton Association of India in April 2018.
• Prashant Kochhar is a renowned Fellow Chartered Accountant and Senior Partner in Khattak Kochhar & Co • He manages the client base comprising of corporate clients & specializes in the areas of International Consulting and Taxation (Oil & Gas), Service Tax and Corporate Finance
• Dr. Sandeep Kapur is professor of business management at Punjab Agricultural University, Ludhiana, India (PAU). • He established
Technology Marketing and IPR cell at PAU and designed various IPR related training courses. He has about 35 research papers to his credit in journals of national and international repute
• Anjali Avasthi has a Bachelor’s degree in Arts
• She has experience of managing Garments Business for many years
• Mrs. Harpreet Kaur Kang has done Graduation in Advance Business Program in International Business and International Marketing from Harvard University, USA
• From the last 20 years she is working as a faculty member for MBA and BBA students teaching various subjects including International Business, Consumer Behaviour, etc.
20
MANAGEMENT TEAM
Sandeep Sachdeva Chief Financial Officer
• Sandeep Sachdeva is a Qualified Chartered Accountant & Company Secretary with experience of more than 22 years in accounting & finance, trading, banking industries covering, handling of Direct and Indirect taxation and various other matters
• He looks after overall works related to Finance, Finalization of company’s Balance sheet, Direct/Indirect taxation,
Exports & Imports, key business decisions, etc.
Shiv K. Sharma President- Production
• Shiv K. Sharma is a B.Tech with an experience of over 37 years • He look after the overall Project Implementation, Production, Development, and Maintenance of the company’s
Bathinda spinning unit
D. S. Yadav President – Pers. & Admin.
• D. S. Yadav has a Master Degree with specialization in Labour Welfare & Personnel Management & Industrial Relation
with an experience of over 33 years
• He is responsible for overall handling & controlling of Personnel, Industrial Relations, HRD, Labour Welfare & General
Administration of the company Ludhiana Units
Rashim Jindal President – Raw Material & Marketing
• • •
Rashim Jindal is an MBA (Marketing) with over 28 years of experience He looks after overall Marketing with respect to both – Domestic & International markets Raw materials is also under his purview
Ravi Parkash Gupta EA to MD
• Mr. RP Gupta is a M.Tech (Textile) with over 35 years of experience • He looks after the overall Commercial Operations of the company
21
CERTIFICATES & COMPLIANCES
Global Organic textile Standard
Organic Content Standard
Oeko-Tex
Fairtrade
ISO 9001 2015
Global Recycle Standard
22
Way Forward
GOVERNMENT SUPPORT TO TEXTILE SECTOR
Textile Cluster Development Scheme (TCDS) The Indian Textile Ministry is implementing the Textile Cluster Development Scheme (TCDS) from 2021-22 to 2025-26 with a view to create an integrated workspace and linkages-based ecosystem for existing and potential textile units
PLI Schemes Government is set to come out with second PLI scheme in consultation with industry to focus on segments which are not covered in the earlier scheme like home textile,etc.
05
04
03
Remission of duties & taxes on Exports Government has approved continuation of RoSCTL with the same rates till 31st March 2024
01
Free Trade Agreements o Recent FTAs signed between India and UAE, ECTA signed between India and Australia
o India is currently in process of negotiating FTAs with EU, UK, Canada, Israel and other GCC countries/regions
Mega textile parks o Approval seven mega textiles and apparel parks under “PM-Mitra” with capital support of Rs 44.4bn over five years from the central and state governments
o Development Capital Support (DCS) of up to Rs 5bn will be given to all greenfield parks and the central government has also announced competitiveness incentive support of Rs 3bn for the early establishment of textiles manufacturing units.
24
INDIAN TEXTILE SECTOR- READY FOR A TRANSFORMATION
India’s textiles sector is at an inflection point The sector can act fast and grab the huge opportunity opening up due to a change in global textile trade patterns. While the opportunity is huge, the government and the industry need to act in coordination, and fast, as the world will not wait.
Working population Large working population is an asset for this industry India has a large working population
Strong belief in India’s capability to increase market share in global textiles The structural story for the sector intact, and the government and industry will be able to address short-term concerns together 4-5 years will be required to see the real benefits of China +1 strategy
Low-cost countries are a natural choice for textiles
Textiles manufacturing is labour and capital intensive, which is why its manufacturing base has shifted organically to developing and low-cost countries.
Developed countries such as the USA, Europe, Australia, and Japan are major importers of textiles, as they find this cheaper than producing them locally.
China’s natural advantages are eroding slowly While China’s market share is large, its increasing per capita income and labour costs have resulted in its market share steadily declining in global trade since 2015
25
BUSINESS STRENGTHS
Product Range
Well diversified range of products suitable for use in manufacture of woven and knitted fabrics for summer and winter wear
Focus on Quality
Ensuring supply of high-quality yarns consistently
03 Customer centric Approach
Ensuring full customer satisfaction in terms of quality , prices, timely execution of orders and prompt after sales services
04 Competitive Prices
price
enjoys
Sportking leadership status in all of the market segments due to its ability to supply high quality products regularly and consistently at the most competitive prices
Our Strengths
05 Customer Queries resolution
Quick responses to customer queries and willingness to develop new products to meet customer requirement
06 Brand Launching Crystal - cotton yarn made with imported cotton
Sublime - High end quality yarn made with Indian selected cotton to achieve excellence in yarn parameters
26
CAPACITY BUILTUP OVER THE YEARS
Continuous capacity addition to support robust growth in our business
3,78,576
63,072
40,800
68,256
34,464
24,480
-6,520 Closure of a unit(Small capacity)
52,800
28,800
23,232
12,096
17,856
1998
2006
2007
2011
2012
2013
2014
2014
2019
2022
2023
6,520
1994
12,720
1996
Total Existing Capacity
27
BUSINESS UPDATES
Rooftop Solar Power Projects at Bathinda Unit
Completion of Phase 1 & 2 capacity expansion Projects at Bathinda Unit
Completion of 10MW Rooftop Solar Power Project at for in house consumption
Completion Month- June 2022 Objective to reduce greenhouse gas emissions and power cost
New 15MW Rooftop Solar Power Project for in house consumption
Additional 10 MW of roof top solar power capacity has come online taking the aggregate capacity to 20MW The remaining 5 MW will be operationalized by in the upcoming quarter year
▪ ▪
▪
▪
Completion of phase 1 & phase 2 expansion project
▪ 1st Phase capacity addition – 40,800 Spindles for manufacturing of Polyester
Cotton yarn – Completed
▪ 2nd Phase capacity addition – 63,072 spindles for manufacturing of cotton
compact yarn – Completed in Q4 FY23 as planned
28
HISTORICAL FINANCIAL CHARTS
Revenue from Operations (Rs. in Crs)
EBITDA (Rs. in Crs)
PBT (Rs. in Crs)
+15.9%
2,154
2,205
+22.5%
596
+50.0%
547
1,055
1,160
1,355
1,306
101
129
136
211
279
219
140
29
38
18
FY18
FY19
FY20
FY21
FY22
FY23
FY18
FY19
FY20
FY21
FY22
FY23
FY18
FY19
FY20
FY21
FY22
FY23
PAT (Rs. in Crs)
EBITDA %
PAT %
+47.1%
409
28%
19%
19
24
12
85
132
10%
11%
10%
16%
13%
6%
6%
2%
2%
1%
FY18
FY19
FY20
FY21
FY22
FY23
FY18
FY19
FY20
FY21
FY22
FY23
FY18
FY19
FY20
FY21
FY22
FY23
29
HISTORICAL PROFIT & LOSS STATEMENT
Profit & Loss statement (Rs. in Crs) Revenue from Operation Raw Material Cost Purchase of Finished goods (Increase) / Decrease In Stocks Power Cost Gross Margin Gross Margin % Employee Cost Other Expenses EBITDA EBITDA %
Depreciation and Amortisation Expense Finance Costs Other Income PBT PBT Margin % Exceptional Items Tax PAT PAT Margin % Earnings per share (EPS) (Rs.)
Mar’23 2,205 1,558 1 -15 119
542 25% 116 147
279 13% 48 23 12
219 10% 30 58
132 6% 99
Mar'22 2,154 1,181 0 -14 120
867 40% 105 166
596 28% 44 29 24
547 25% - 138
409 19% 308
Mar'21 1,306 785 0 10 112 399 31% 87 103 209 16% 52 36 19 140 11% 22 33 85 7% 63
Mar'20 1,355 901 1 7 113 334 25% 97 100 136 10% 63 58 3 18 1% - 6 12 1%
9
Mar'19 1,161 756 1 -2 96 309 27% 83 97 129 11% 54 39 2 38 3% - 14 24 2%
17
Mar'18 1,055 682 1 13 95 175 25% 74 89 101 10% 56 29 13 29 3% - 10 19 2%
4
30
THANK YOU
Sportking India Limited CIN: L17122PB1989PLC053162
Mr. Lovlesh Verma 01612845456 cs@sportking.co.in www.sportking.co.in
Mr. Devansh Dedhia +91 9930147479 Devansh.dedhia@linkintime.co.in
Mr. Irfan Raeen +91 9773778669 Irfan.Raeen@linkintime.co.in