Rajshree Polypack Limited has informed the Exchange about Investor Presentation
Date: February 13, 2024
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: Q3& 9M FY24 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 nine months ended December 31, 2023
Thanking you,
FOR RAJSHREE POLYPACK LIMITED
Mitali Rajendra Shah (Company Secretary & Compliance Officer) Encl:- a/a
RAJSHREE POLYPACK LIMITED
(NSE : RPPL)
Investor Presentation Q3 and 9M FY24
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
▪
▪
▪
in Thermoformed Packaging Products with ~25 years of
Leader 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.
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 1 process Patents.
Fiscals
9MFY24
2023
2022
2021
Revenue from Operations
20,502
25,219
19,856
12,707
EBITDA
EBITDA Mgn
PAT
PAT Mgn
2,735
3,549
2,699
2,089
13.34%
14.07%
13.59%
16.44%
716
3.49%
1,095
4.34%
955
888
4.81%
6.99%
Installed Capacity
Fiscals
9MFY24
22-23
21-22
20-21
Extrusion (in MT)
20,000
18,200
14,700
10,200
Thermoforming (in MT)
8,770
8,770
8,020
5,220
Technologies used – Extrusion Thermoforming, Printing, Labelling and Injection Moulding.
including Barrier Extrusion,
Printing (pieces in Lakhs)
11,000
9,400
6,800
6,200
Sleeving (pieces in Lakhs)
1,275
1,275
1,275
1,275
Entering Paper Packaging Segment through a Joint Venture
Injection Moulding (in MT)
1,000
1,000
-
-
▪
▪
Email: info@rajshreepolypack.com
Our Strengths
Strategically Located at Daman and Sarigam, Gujarat
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
5,390
Q3FY23
6,482
Q3FY24
3,500
3,000
2,500
2,000
1,500
1,000
500
0
2,395
Q3FY23
3,093
Q3FY24
Email: info@rajshreepolypack.com
1,000
800
600
400
200
0
702
Q3FY23
951
Q3FY24
Performance Comparison
9 Months’ Performance Y-o-Y Basis
Sales in Value (₹ Lakhs)
Sales in Volume (MT)
EBIDTA (₹ Lakhs)
22,500
20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0
18,736
9MFY23
20,502
9MFY24
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
7,871
9MFY23
9,490
9MFY24
Email: info@rajshreepolypack.com
3,000
2,700
2,400
2,100
1,800
1,500
1,200
900
600
300
0
2,617
9MFY23
2,735
9MFY24
Management Commentary
Business
New Developments
Export business stabilized at ~₹ 10 Crores per quarter. 9M export revenue up 2.7x on YoY basis.
6 new products developed during the quarter. Total product basket expanded to +250 products.
Capital Raised ₹22.5 Crores by issue of Equity Shares and Warrants to fund Capital Investment and Long- term working Capital Requirements
Olive Ecopak
Initial Set of Machines arrived. Installation in Progress. Trail Runs to commence in Mar 24.
Presently exporting to 8 countries. More territories being explored.
Started working on development of Digital Assets.
In process to issue Bonus Shares in ratio of 1:2 (subject to requisite approvals)
Investment of ~₹2 Crores by RPPL during the quarter. Total investment ₹22.12 Crores till date
Expanding focus on building distributors network in addition to more institutional customers.
Added 41 new customers during the quarter.
Increased Extrusion and printing capacities by technological upgradation.
Distributors revenue segment grown by ~40%.
Achieved Optimum capacity utilization for Injection Moulding. Exploring further growth opportunities.
Email: info@rajshreepolypack.com
Production Metrics – 9 Months
Extrusion (in MT)
Thermoforming (in MT)
12,600
13,914
10,325
9MFY22
9MFY23
9MFY24
Printing (in Lakhs Pcs)
6,993
7,396
4,364
15,000
12,500
10,000
7,500
5,000
2,500
-
7,500
6,000
4,500
3,000
1,500
-
7,000
6,000
5,000
4,000
3,000
2,000
1,000
-
1,000
800
600
400
200
-
5,432
6,063
4,390
9MFY22
9MFY23
9MFY24
Sleeving (in Lakhs Pcs)
935
608
779
9MFY22
9MFY23
9MFY24
9MFY22
9MFY23
9MFY24
Email: info@rajshreepolypack.com
5,000
4,000
3,000
2,000
1,000
2,500
2,000
1,500
1,000
500
-
Production Metrics - Quarterly
Extrusion (in MT)
Thermoforming (in MT)
4,371
4,784
3,402
1,845
2,049
1,445
2,500
2,000
1,500
1,000
500
-
Q3FY22
Q3FY23
Q3FY24
Q3FY22
Q3FY23
Q3FY24
Printing (in Lakhs Pcs)
2,360
2,271
1,416
Sleeving (in Lakhs Pcs)
205
232
234
250
200
150
100
50
-
Q3FY22
Q3FY23
Q3FY24
Q3FY22
Q3FY23
Q3FY24
Email: info@rajshreepolypack.com
Revenue Profile – 9 Months
6,000
4,500
3,000
1,500
-
3000
2000
1000
0
Sheet Sales in ₹ Lakhs
5,761
5,162
4,571
Packaging Product Sales in ₹ Lakhs
12,783
14,379
9,434
15000
12000
9000
6000
3000
0
9MFY22
9MFY23
9MFY24
9MFY22
9MFY23
9MFY24
Sheet Sales in MT
2,711
2,734
2,262
Packaging Product Sales in MT
6,756
4,337
5,160
7500
6000
4500
3000
1500
0
9MFY22
9MFY23
9MFY24
9MFY22
9MFY22
9MFY22
Email: info@rajshreepolypack.com
Revenue Profile - Quarterly
1,750
1,700
1,650
1,600
1,550
900
850
800
750
700
Sheet Sales in ₹ Lakhs
1,730
1,703
1,625
Packaging Product Sales in ₹ Lakhs
4,501
2,941
3,634
5000
4000
3000
2000
1000
0
Q3FY22
Q3FY23
Q3FY24
Q3FY22
Q3FY23
Q3FY24
Sheet Sales in MT
890
830
791
Packaging Product Sales in MT
2,202
1,318
1,564
2500
2000
1500
1000
500
0
Q3FY22
Q3FY23
Q3FY24
Q3FY22
Q3FY22
Q3FY22
Email: info@rajshreepolypack.com
Products
Barrier Packaging Products
Rigid Packaging Products
Plastic Rigid Sheets
Injection Moulding
Email: info@rajshreepolypack.com
Our Esteemed Customers
Email: info@rajshreepolypack.com
Business Promotion
Gulfood, Dubai November 2023
Email: info@rajshreepolypack.com
Olive Ecopak Private Limited
Email: info@rajshreepolypack.com
Financial Performance
Profit & Loss Statement
(₹ Lakhs)
Fiscals
9MFY24
9MFY23
Y-o-Y
Q3FY24
Q2FY24
Q-o-Q
Q3FY23
Y-o-Y
Revenue from Operations
20,502
18,736
9.42%
6,482
6,750
-3.96%
5,390
20.27%
Operating Profit
4,256
4,037
5.44%
1,482
1,402
5.68%
1,102
34.46%
Operating Profit Margin %
20.76%
21.55%
22.85%
20.77%
20.44%
EBIDTA
2,735
2,617
4.53%
951
911
4.40%
702
35.50%
EBIDTA Margin %
13.34%
13.97%
14.67%
13.50%
13.02%
PAT
716
828
-13.45%
275
231
19.44%
105
161.99%
PAT Margin %
3.49%
4.42%
4.25%
3.42%
1.95%
Earning Per Share (EPS) (₹)
6.23
7.30
-14.71%
2.37
2.01
17.63%
0.92
158.00%
Email: info@rajshreepolypack.com
Balance Sheet (₹ Lakhs)
Financial Performance
Particulars
H1FY24
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
Creditors Turnover (Days)
Fixed Assets To Turnover (X)
Inventory Turnover (Days)
Debt Equity Ratio
Other Non-current Assets
2,413
1,294
555
Debt EBITDA Ratio
Current Liabilities
9,004
9,648
4,935
Debt Service Coverage
Current Assets
11,103
12,454
7,970
Interest Coverage Ratio
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
Working Capital
2,099
2,807
3,034
Operational Working Capital (₹ Lakhs)
8,247
8,577
5,561
* Including ROU assets, CWIP & Intangible Assets
Email: info@rajshreepolypack.com
Company’s Listing Details
Particulars
Listed On
Closing Market Price (₹)
Market Cap (₹ Crores)
Number of Shares O/s
Face Value
52 Week High/Low
As on 29/12/23
NSE
208.90
255.36
1,22,24,000
₹10
253/139
Shareholding Pattern – 31st December 2023
Promoters 48.84%
Public/Other Investors 36.89%
Raised ₹22.47 Crores by way of preferential issue of shares/warrants for Capex, Long-term working Capital and general Corporate purpose
Wifag Polytype 14.27%
Email: info@rajshreepolypack.com
Board of Directors
Mr. Ramswaroop Thard Chairman & Managing Director
▪ Bachelors of Engineering, Pune University having experience of 28+ years in plastic industry ▪ Plays pivotal role in growth planning, business development, sales, administration & finance ▪ Also, the founding member of Thermoforming and Allied Industries Association
Mr. Naresh Thard Joint Managing Director
▪ Experience of 26+ years in plastic industry with strong technical strength in packaging domain ▪ Instrumental in growth of the Company since inception
Mr. Anand Rungta Whole-time Director
▪ Bachelors of Commerce with experience of 10+ years in manufacturing, trading, import and export, textile,
transportation, commission agency of plastic items and other products
▪ Leads distribution vertical of the Company in domestic market
Mr. Praveen Bhatia Independent Director
▪ Chartered Accountant with experience of 28+ years in issue management, merger & amalgamations, foreign
collaborations, project consultation, loan syndication, audit, taxation and investment advisory
Mr. Rajesh Murarka Independent Director
▪ Chartered Accountant with experience of 27+ years ▪ Handled debt syndication, debt structuring/ re-structuring and debt advisory services
Ms. Yashvi Shah Independent Director
▪ 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. Palash Chakravorty– Chief Marketing Officer
Mr. Pradeep Kumar – Marketing and Sales Head
• Holds MBA in International Marketing and Human Resource, B. Tech in
• PG-PPT and GDP from CIPET, having 27+ years of experience in field of
Mechanical Engineering and a PGD in tool design
packaging, operations and business development
• Has over two decades of experience in the printing and packaging
• Has served many Companies across pharmaceuticals and food industry
domain, driving sales, marketing, operations and P&L.
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 pharmaceuticals,
• Has 17+ years of experience in fields of finance & accounting,
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 21 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