Satia Industries Limited has informed the Exchange regarding Investor Presentation
An ISO 9001,
14001
& OHSAS
18001
company
Manufacturer
of Quality
15
1848
Writing, Printing & Speciality [BJre?
I ?
MARK
ECO
with
Paper
e
SATIA INDUSTRIES
LIMITED
The Manager Listing Department, Bombay Stock Exchange Ltd Floor
25, Phiroze
Jeejeebhoy Tower
Dalal
Street, Mumbai-400001
Stock Code:
539201
Date:12/08/2019
The Manager Listing Department, National
Stock Exchange of
India
Limited
Bandra-Kurla
Complex, Bandra
East
Mumbai-400051
Symbol: SATIA
Dear Sir/ Madam,
Sub:
Submission
of Analyst
I Investor
Presentation
Pursuant
to Regulation 30(6) read with
Part A of Schedule
III of the
and Disclosure
Requirements) Regulations, 2015, please find
enclosed
made
First
to Analyst ended
quarter
/
Investor
to
discuss
the
Financial
performance
June 30, 2019. We
are
enclosing herewith
copy
Thanking you Yours
faithfully, Industries
For Satia
Limited
SEBI
(Listing Obligation being presentation the the Company of updated Presentation.
for
of
11:J???
Rakesh
kumar
Dhuria
Company Secretary
...
..
.
•
Registered Office & Mill : VillageRupana, Sri Muktsar Sahib-152 032, Punjab, India. Ph.: 262001, 262215, 263585
Fax : 01633-263499
email: satiapaper@gmail.com
Branch
Branch:
Branch
: 613-615, Naurang House, 21, K.G. Marg, Con naught Place, New Delhi-110001 S.C.O. No. 90 • 92, Sector : 304, Navjeeva.nComplex, 29, Station Road, Jaipur-302006, Rajasthan Ph.
8 • C, Madhya Marg, Chandigarh -160018
Ph.: 23710351/52/53
Fax : 23718191
: satiapaper@rediffmail.com
Ph.: 0172-2780022/23,4618377 Fax: 0172-4648600, satiaindustriesltd@gmail.com : satiapaper.jpr@gmail.com Fax : 0141-23744_33e-mail
: 2371055, 2379554
SIL - 004221
SATIA INDUSTRIES LIMITED
EARNINGS PRESENTATION Q1-FY20
SATIA INDUSTRIES 1,00 & OHSAS A
SO 900
,
LIMITED COMPANY
18001
1
Executive Summary
Company Overview
Key Clientele
• Incorporated in 1980, Satia Industries Limited (SIL), is one of the biggest and completely integrated Wood and Agro based paper manufacturers. • SIL’s products are extensively used in the printing of books, directories, envelopes, diaries, calendars, computer stationery, annual manufacture copy reports, etc.
around
• SIL has long standing relationship with State Text book Corporations 40% of and revenue from these organisations. • The remaining revenue attributes to the Public and Sector Companies.
Private
comes
Manufacturing and Distribution Network:
FY19 Financial Snapshot
• Manufacturing plant based out of Muktsar with capacity to manufacture over 1,25,000 MT per annum. • Completely integrated manufacturing operations with 3 paper machines, 100% in- house power generation and effluent treatment. • Strong Distribution Network: 70 dealers and 3 branch offices.
Operational Revenue INR 7,384 Mn
EBITDA INR 1,641 Mn
EBITDA Margin 22.22%
PAT INR 878 Mn
PAT Margin 11.89%
ROE 29%
ROCE 26%
2
About The Company
• Incorporated in 1980 by Dr. Ajay Satia, Satia Industries Limited (SIL) started its commercial
production of printing and writing paper at Muktsar, Punjab in 1984.
• SIL is one of the biggest Wood and Agro based paper plants in India manufacturing paper
using wood chips, veneer waste, wheat straw, sarkanda, etc.
• The Company has a fully integrated manufacturing facility, which includes paper machines,
pulping machinery, chemical recovery plant and power generation plant.
• Fully integrated production facility gives superior advantage in terms of cost efficiency and environmental compliance, ultimately leading to superior margin profile compared to peers.
• With a view to improve the quality of pulp and also to save on cooking chemicals, a
Continuous Digester has been installed by the Company.
• The product profile includes Super Snow White, Snow White, Photocopier paper, Map litho, Colored paper, Ledger paper, Cartridge paper, Duplicating, bond paper - with and without watermarks and Chromo (Art) paper from GSM range 42 to 200 GSM.
• Satia Industries Limited market its product through dealer network located all over India
and through Branches at Jaipur, Delhi & Chandigarh.
Operational Revenue (INR Mn) & EBITDA Margin (%)
7,384
6,421
5,708
4,336
12%
16%
19%
22%
21%
2,245
FY16
FY17
FY18
FY19 Q1 - FY20
Revenue (INR Mn)
EBITDA Margins %
Raw Materials Used of Total Volumes
Waste Paper Based 5%
Wood Based 30%
Agro Based 65%
3
Q1-FY20 Financial Overview
SATIA INDUSTRIES 1,00 & OHSAS A
SO 900
,
LIMITED COMPANY
18001
4
Q1-FY20 Financial & Operational Highlights
Operational Revenue
EBITDA
EBITDA Margin
Net Profit
PAT Margin
Diluted EPS
Q1-FY20 Financial Highlights
INR 2,245 Mn
INR 478 Mn
21.29%
INR 264 Mn
11.76%
INR 26.45 per share
Operational Highlights •
SIL has clocked the highest quarterly sales in its history, of 34,827 MT in Q1-FY20 as compared to 31,307 MT in Q4- FY19 representing a volume increase of 11%.
•
•
SIL secured two major orders in Q1-FY20 from:
1. Maharashtra State Board of Techniqual Education for 12,000 MT 2.
Assam State Textbook Corporation for 12,500 MT
Since the company generates REC certificates, it encashed around INR 3.48 Cr of REC certificate in the current quarter as compared to generating INR 6.06 Cr in FY19.
5
Quarterly Financial Trends
Operational Revenue (INR Mn)
2,245
1,801
1,985
EBITDA (INR Mn) EBITDA Margin (%)
452
22.8%
348
19.3%
478
30.00%
25.00%
21.3%
20.00%
15.00%
10.00%
PAT (INR Mn) PAT Margin (%) 285
264
187
10.4%
18.00%
16.00%
14.00%
14.4%
11.8%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
Q1-FY19
Q4-FY19
Q1-FY20
Q1- FY19
Q4- FY19
Q1-FY20
Q1-FY19
Q4-FY19
Q1-FY20
Interest Coverage Ratio
11.2
7.5
8.8
Gearing Ratio
0.8
0.7
0.7
Gross Current Assets Days
75
79
80
Q1 -FY19
Q4 -FY19
Q1-FY20
Q1 -FY19
Q4 -FY19
Q1 -FY20
Q1-FY19
Q4-FY19
Q1-FY20
6
Q1-FY20 Income Statement
PARTICULARS (INR Mn)
Operational Income
Total Expenses
EBITDA
EBITDA Margin
Other Income
Depreciation
Finance Cost
PBT
Tax
Profit After Tax
PAT Margin
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR ) (Not Annualised)
Q1-FY20
Q1-FY19
2,245
1,767
478
1,801
1,453
348
21.29%
19.32%
50
131
60
337
73
264
57
111
54
240
53
187
Y-O-Y
24.7%
21.6%
37.4%
197 bps
(12.3)%
18.0%
11.1%
40.4%
37.7%
41.2%
Q4-FY19
1,985
1,533
452
Q-o-Q
13.1%
15.3%
5.8%
22.77%
(148) bps
27
128
43
308
23
285
85.2%
2.3%
39.5%
9.4%
217.4%
(7.4)%
11.76%
10.38%
138 bps
14.36%
(260) bps
1
265
26.45
(2)
185
18.74
NA
43.2%
41.1%
8
293
28.50
(87.5)%
(9.6)%
(7.2)%
7
?SATIAINDUSTRIESLIMITED ?A
$09001,
S 18001 CO 1PANY
OHS
1400
Historical Financial Overview
8
Income Statement
PARTICULARS (INR Mn)
Operational Revenue
Total Expenses
EBITDA
EBITDA Margin
Other Income
Depreciation
Finance Cost
Extraordinary Items
PBT
Tax
Profit After Tax
PAT Margin
Other Comprehensive Income
Total Comprehensive Income
EPS (INR per share)
*As per IND-AS
FY16
4,336
3,801
535
FY17*
FY18*
5,708
4,799
909
6,421
5,203
1,218
FY19*
7,384
5,743
1,641
Q1 – FY20
2,245
1,767
478
12.34%
15.93%
18.97%
22.22%
21.29%
165
332
251
(16)
101
(30)
131
211
400
245
-
475
20
455
303
451
237
-
833
146
687
145
477
208
-
1,101
223
878
50
131
60
-
337
73
264
3.02%
7.98%
10.70%
11.89%
11.76%
-
131
13.12
(2)
453
45.55
(8)
679
68.67
2
880
87.77
1
265
26.45
9