Rajshree Polypack Limited has informed the Exchange about Investor Presentation
Date: November 6, 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: Q2& H1FY24 Result Presentation
Please find enclosed herewith a copy of the presentation with respect to the Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2023.
Thanking you,
FOR RAJSHREE POLYPACK LIMITED
Mitali Rajendra Shah (Company Secretary & Compliance Officer) Mem No:A48197 Place: Thane Encl:- a/a
RAJSHREE POLYPACK LIMITED (NSE : RPPL)
Investor Presentation Q2FY24 & H1FY24
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
• Our Strengths
• Manufacturing Capabilities
• Performance Comparison
• Management Commentary
• Production and Efficiency Metrics
• Product Revenue Profile
• Products
• Our Esteemed Customers
• Business Promotion
• Olive Ecopak Private Limited
•
Financial Performance
• Company’s Listing Detail
• Board of Directors
• Key Managerial Personnel
• Board of Advisors
Content
Email: info@rajshreepolypack.com
Leader in Thermoformed Packaging Products with ~25 years of
experience in F&B Packaging.
Financial Snapshot
(₹ Lakhs)
Rajshree at a Glance
Product
range includes packaging for dairy,
food and beverages, bakery and confectionaries, trays for sweets and snacks, punnets for fruits and vegetables, QSR, electronic packaging, etc.
Fiscals
H1FY24
2023
2022
2021
Revenue from Operations
14,019
25,219
19,856
12,707
EBITDA
1,784
3,549
2,699
2,089
EBITDA Mgn
12.73%
14.07%
13.59%
16.44%
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.
PAT
PAT Mgn
441
1,095
955
888
3.15%
4.34%
4.81%
6.99%
Accredited with BRC certification for Global Standards for
Packaging and Packaging Materials.
Installed Capacity
Manufacturing units are Sedex certified.
Fiscals
H1FY24
22-23
21-22
20-21
Steady Growth in Production Capacity and consistent
investment in Technological Upgradation and Innovation
Extrusion (in MT)
18,200
18,200
14,700
10,200
Thermoforming (in MT)
8,770
8,770
8,020
5,220
Holds 4 design and 1 process Patents.
Printing (pieces in Lakhs)
9,400
9,400
6,800
6,200
Technologies used –Extrusion including Barrier Extrusion, Thermoforming, Printing, Labelling and Injection Moulding.
Entering Paper Packaging Segment through a Joint Venture
Sleeving (pieces in Lakhs)
1,275
1,275
1,275
1,275
Injection Moulding (in MT)
1,000
1,000
-
-
Email: info@rajshreepolypack.com
Strategically Located at Daman and Sarigam
Our Strengths
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, the Company is a leader in the Food & Beverage Packaging and poised to grow rapidly
Email: info@rajshreepolypack.com
Manufacturing Capabilities
EXTRUSION
THERMOFORMING
PRINTING
SLEEVING
INJECTION MOULDING
(Under Toll Manufacturing Agreement)
All the core production activities under one roof leading to efficient deliveries and quick Turn Around Time.
Email: info@rajshreepolypack.com
Performance Comparison
Quarterly Performance Y-o-Y Basis
Sales in Value (₹ Lakhs)
Sales in Volume (MT)
EBIDTA (₹ Lakhs)
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
6,517
Q2FY23
6,750
Q2FY24
3,500
3,000
2,500
2,000
1,500
1,000
500
0
2,672
Q2FY23
3,126
Q2FY24
Email: info@rajshreepolypack.com
1,000
800
600
400
200
0
833
Q2FY23
911
Q2FY24
Performance Comparison
Half-Yearly Performance Y-o-Y Basis
Sales in Value (₹ Lakhs)
Sales in Volume (MT)
EBIDTA (₹ Lakhs)
15,000
14,000
13,000
12,000
11,000
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
13,346
H1FY23
14,019
H1FY24
6,500
6,000
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
5,476
H1FY23
6,398
H1FY24
Email: info@rajshreepolypack.com
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
1,915
H1FY23
1,784
H1FY24
Management Commentary
Ventured into In-Mould Labelling (IML) products in Injection Moulding. In process of machine upgradation to enhance installed capacity.
Developed 6 new products 15 new customers onboarded including 4 overseas customers. Strong Customer retention with ~97% of revenue from repeat customers.
Appointed Chief Marketing Officer Participated in Packex Mumbai in September 2023. Company’s export revenue tripled on Y-o-Y basis to ₹15.32 Crores for H1FY24.
Further investment in Olive Ecopak of ₹4 Crore leading to total investment of ₹20 Crores. Construction on schedule; Factory acceptance test done Machines in process of dispatch.
Email: info@rajshreepolypack.com
Technology
Products and customers
Business Promotions
Olive Ecopak
12,000
10,000
8,000
6,000
4,000
2,000
-
6,000
5,000
4,000
3,000
2,000
1,000
-
Production and Efficiency Metrics – Half Yearly
Extrusion (in MT)
Thermoforming (in MT)
6,923
8,229
9,130
3,587
4,013
2,944
5,000
4,000
3,000
2,000
1,000
-
H1FY22
H1FY23
H1FY24
H1FY22
H1FY23
H1FY24
Printing (in Lakhs Pcs)
4,633
5,124
2,949
Sleeving (in Lakhs Pcs)
703
403
545
800
700
600
500
400
300
200
100
-
H1FY22
H1FY23
H1FY24
H1FY22
H1FY23
H1FY24
Email: info@rajshreepolypack.com
Production and Efficiency Metrics - Quarterly
Extrusion (in MT)
Thermoforming (in MT)
4,063
4,552
3,215
1,784
1,938
1,378
2,500
2,000
1,500
1,000
500
-
Q2FY22
Q2FY23
Q2FY24
Q2FY22
Q2FY23
Q2FY24
Printing (in Lakhs Pcs)
2,161
2,254
1,234
Sleeving (in Lakhs Pcs)
339
217
248
400
350
300
250
200
150
100
50
-
Q2FY22
Q2FY23
Q2FY24
Q2FY22
Q2FY23
Q2FY24
5,000
4,000
3,000
2,000
1,000
3,000
2,500
2,000
1,500
1,000
500
-
Email: info@rajshreepolypack.com
Product Revenue Profile – Half Yearly
Half-Yearly Performance on a Y-o-Y Basis
Stable Half-Yearly Growth in Packaging Product Revenue
Sheet Sales in ₹ Lakhs
Packaging Product Sales in ₹ Lakhs
2,947
4,032
3,459
5,000
4,000
3,000
2,000
1,000
-
9,148
9,878
6,494
12000
10000
8000
6000
4000
2000
0
H1FY22
H1FY23
H1FY24
H1FY22
H1FY23
H1FY24
Half-Yearly Performance on a Y-o-Y Basis
Stable Growth in Half-Yearly Packaging Product Sales Volume
Sheet Sales in MT
1,881
1,844
1,471
2000
1500
1000
500
0
Packaging Product Sales in MT
4,554
3,019
3,595
5000
4000
3000
2000
1000
0
H1FY22
H1FY23
H1FY24
H1FY22
H1FY22
H1FY22
Email: info@rajshreepolypack.com
Quarterly Performance on a Y-o-Y Basis
Stable Growth in Packaging Product Revenue over the years
Product Revenue Profile - Quarterly
Sheet Sales in ₹ Lakhs
1,585
2,053
1,797
2,500
2,000
1,500
1,000
500
-
Packaging Product Sales in ₹ Lakhs
4,432
4,602
3,046
5000
4000
3000
2000
1000
0
Q2FY22
Q2FY23
Q2FY24
Q2FY22
Q2FY23
Q2FY24
Quarterly Performance on a Y-o-Y Basis
Stable Growth in Packaging Product Sales Volume over the years
Sheet Sales in MT
941
945
766
1000
800
600
400
200
0
Packaging Product Sales in MT
2,181
1,455
1,731
2500
2000
1500
1000
500
0
Q2FY22
Q2FY23
Q2FY24
Q2FY22
Q2FY22
Q2FY22
Email: info@rajshreepolypack.com
Products
Barrier Packaging Products
Rigid Packaging Products
Plastic Rigid Sheets
Injection Moulding
Email: info@rajshreepolypack.com
Our Esteemed Customers
15 new customers added during the quarter
Email: info@rajshreepolypack.com
Business Promotion
Packex, Mumbai September 2023
Email: info@rajshreepolypack.com
Olive Ecopak Private Limited
Email: info@rajshreepolypack.com
Financial Performance
Profit & Loss Statement
(₹ Lakhs)
Fiscals
H1FY24
H1FY23
Y-o-Y
Q2FY24
Q1FY24
Q-o-Q
Q2FY23
Y-o-Y
Revenue from Operations
14,019
13,346
5.04%
6,750
7,269
-7.15%
6,517
3.58%
Operating Profit
2,775
2,935
-5.46%
1,402
1,373
2.10%
1,381
1.53%
Operating Profit Margin %
19.79%
21.99%
20.77%
18.89%
21.19%
EBIDTA
1784
1915
-6.82%
911
873
4.38%
833
9.36%
EBIDTA Margin %
12.73%
14.35%
13.50%
12.01%
12.79%
PAT
441
723
-38.97%
231
210
9.62%
247
-6.53%
PAT Margin %
3.15%
5.41%
3.42%
2.89%
3.79%
Earning Per Share (EPS) (₹)
3.85
6.40
-39.84%
2.01
1.84
9.62%
2.18
-7.44%
Email: info@rajshreepolypack.com
Balance Sheet
Particulars
H1FY24
Financial Performance (₹ Lakhs)
FY23
FY22
Fiscals
H1FY24
FY23
FY22
Shareholders’ Funds
13,416
13,029
11,575
Debtors Turnover (Days)
52.46
58.88
53.53
Long Term Borrowings
1,750
2,026
1,247
Short Term Borrowings
4,984
5,368
2,592
Fixed Assets*
12,312
12,568
10,691
Other Non-Current Liabilities
1,658
1,614
1,459
Other Non-current Assets
2,413
1,294
555
Current Liabilities
9,004
9,648
4,935
Current Assets
11,103
12,454
7,970
Working Capital
2,099
2,807
3,034
* Including ROU assets, CWIP & Intangible Assets
Creditors Turnover (Days)
Fixed Assets To Turnover (X)
Inventory Turnover (Days)
Debt Equity Ratio
Debt EBITDA Ratio
Debt Service Coverage
Interest Coverage Ratio
Operational Working Capital (₹ Lakhs)
Email: info@rajshreepolypack.com
38.18
43.12
39.21
2.53
2.25
2.12
121.99
155.23
121.26
0.50
1.89
4.59
2.40
0.57
2.08
3.83
3.08
0.33
1.42
3.71
5.14
8,247
8,577
5,561
Company’s Listing Details
Particulars
Listed On
Closing Market Price (₹)
Market Cap (₹)
As on 29/09/23
NSE
174.95
200.30
Number of Shares O/s
1,14,49,000
Face Value
52 Week High/Low
₹10
215/139
In process to raise ₹22.47 Crores by way of preferential issue of shares/warrants for Capex, Long-term working Capital and general Corporate purpose.
Shareholding Pattern – 30th September 2023
Public/Other Investors 26.17%
Promoters 52.48%
Institutional Investors 4.28%
Wifag Polytype 17.08%
Email: info@rajshreepolypack.com
Board of Directors
Mr. Ramswaroop Thard - Promoter, Chairman & MD
• Bachelors of Engineering, Pune University having experience of 26+ 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 10+ years in manufacturing, textile, transportation, commission agency of plastic items and other products
trading,
export,
import
and
Mr. Praveen Bhatia - Independent Director
• Chartered Accountant with experience of 28+ years in issue management, merger foreign & collaborations, project consultation, loan syndication, audit, taxation and investment advisory
amalgamations,
Mr. Naresh Thard – Promoter & Joint MD
• Experience of 24+ 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 41+ 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 25+ years • Handled debt syndication, debt structuring/ re-structuring
and debt advisory services
• CS, LLB; Associated with projects in private equity rights issue and other Corporate Legal
investments, Advisory matters.
• Brings more than 6 years of experience in handling legal
and secretarial matters.
Email: info@rajshreepolypack.com
Key Managerial Personnel
Mr. Palash Chakravorty– Chief Marketing Officer
Mr. Pradeep Kumar – Marketing and Sales Head
• Holds MBA in International Marketing and Human Resource, B.
Tech in Mechanical Engineering and a PGD in tool design
• Has over
two decades of experience in the printing and
packaging domain, driving sales, marketing, operations and P&L.
• PG-PPT and GDP from CIPET, having 27+ years of experience
in field of packaging, operations and business development
• Has served many Companies across pharmaceuticals and food
industry 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
• Looks after accounting and financial matters of the Company
administration
and
HR
across
industries
including
• Has 17+ years of experience in fields of finance & accounting,
pharmaceuticals, polymer, paper and plastic
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 6 years of
experience in corporate laws compliance
Email: info@rajshreepolypack.com
Board of Advisors
Mr. V Balaji, Technical Advisor
• Aged 64 years, has 44+ 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
Contact Info Registered Address: #503-504, Lodha Supremus, Building No.1 5th Floor, Road No. 22, Near New Passport Office, Wagle Estate, Thane (W) – 400 604. India
Board: +91-22 2581 8200 Fax: +91-22 2581 8250
Corporate Address: #502, Lodha Supremus, Building No.1 5th Floor, Road No. 22, Near New Passport Office, Wagle Estate, Thane (W) – 400 604. India
Email: info@rajshreepolypack.com , marketing@rajshreepolypack.com
Email: info@rajshreepolypack.com