S H Kelkar and Company Ltd · NSE:SHK
S H Kelkar and — Q2 FY21 Earnings Presentation
25 slides from S H Kelkar and's earnings presentation, Nov 12, 2020
Slide 1: Exchange submission letter
Key> a November 11, 2020 To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai — 400 001 Bandra (East), Mumbai — 400 051 Scrip C
Slide 2: S H Kelkar announces Q2 & H1 FY21 results
S H Kelkar and Company Limited Corporate Office: L.B.S Marg, Near Balrajeshwar Temple, Mulund (W), Mumbai – 400080 Registered Office: Devkaran Mansion, 36, Mangaldas Road, Mumbai 400 002. S H Kelkar announces Q2 & H1 FY21 results Q2 FY21 Revenues from operations* at Rs. 351.9 cr Gross margins health
Slide 3: H1 FY21 performance overview
H1 FY21* performance overview compared with H1 FY20 Revenues from operations stood at Rs. 543.3 crore as against Rs. 547.7 crore o Country-wide lockdown and restrictions owing to COVID-19 pandemic disrupted business operations and impacted the sales performance, especially in the months of April a
Slide 4: Key Developments and CFF Abridged P&L
Key Developments: Solid improvement in overall performance registered during the quarter The Company witnessed improved traction in terms of order enquiries and leads from new and existing large & mid-sized FMCG customers during the quarter. Business wins across domestic and international markets
Slide 5: Healthy balance sheet profile
Healthy balance sheet profile On the balance sheet front, the Company’s net debt position stood at Rs. 454 crore (includes consolidation of CFF debt). This is following the borrowings for the payment of the second and final tranche of the CFF acquisition of ~Rs. 141 crore o Excluding CFF debt and
Slide 6: About S H Kelkar and Company Limited
About S H Kelkar and Company Limited: S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour Company in India. It has a long standing reputation in the fragrance industry developed in 98 years of experience. Its fragrance products and ingredients are used as a raw mate
Slide 7: S H Kelkar and Company Limited Q2 & H1 FY21
S H KELKAR AND COMPANY LIMITED Q2 & H1 FY21 Earnings Presentation November 11, 2020
Slide 8: Disclaimer
Disclaimer Certain statements and opinions with respect to the anticipated future performance of SH Kelkar (SHK) in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Suc
Slide 9: Q2 & H1 FY21 Results Overview
Q2 & H1 FY21 Results Overview 3
Slide 10: Management Comment
Management Comment Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said: “I am pleased to share that we have delivered a robust performance during the quarter on the back of a healthy uptick in demand across the domestic and international market
Slide 11: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Y-o-Y Y-o-Y Particulars (Rs. crore) Q2 FY21 Q2 FY20 H1 FY21 H1 FY20 Change (%) Change (%) Revenue from Operations 351.9 276.2 27.4% 543.3 547.7 -0.8% Sales 339.7 276.2 23.0% 531.1 547.7 -3.0% Sales - Contract Manufacturing 12.2 - 0.0% 12.2 - - Other Operating In
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY AND LIABILITIES CONSOLIDATED CONSOLIDATED ASSETS CONSOLIDATED CONSOLIDATED As at 30th September As at 31st March 2020 As at 31st March 2020 As at 31st March 2019 Particulars (Rs. Crore) Particulars (Rs. Crore) 2020 (Audited) (Audited) (Audited) (Audited) Equity ASSE
Slide 13: Key Developments
Key Developments Solid improvement in overall performance registered during the quarter The Company witnessed improved traction in terms of order enquiries and leads from new and existing large & mid-sized FMCG customers during the quarter. Business wins across domestic and international markets a
Slide 14: Key Developments
Key Developments Update on Creative Flavours and Fragrances On July 28, 2020, SHK concluded the full acquisition of CFF and accordingly SHK’s Q2 FY2021 results includes consolidation of CFF numbers w.e.f August 1, 2020 During the period under review, CFF delivered an encouraging performance on t
Slide 15: Q2FY2021 Financial and Operational Discussions (Y-o-Y)
Q2FY2021 Financial and Operational Discussions (Y-o-Y) Revenues from operations stood at Rs. 351.9 crore as against Rs. 276.2 crore As the country moved to the un-lockdown phase, the Company witnessed a strong uptick in terms of order enquiries and leads across the fragrance and flavours segments,
Slide 16: Fragrance Division
As the country moved to the un-lockdown Fragrance Division phase, the Company witnessed encouraging pick-up in demand and improved business wins in the Fragrance division, which resulted in a healthy volume offtake in the domestic Q2 Q2 Y-o-Y H1 H1 Y-o-Y market Particulars (Rs. crore) FY21 FY20 (%
Slide 17: Flavour Division
Flavour Division The Company launched new product offerings within the Flavour category during the quarter, which saw strong acceptance in the domestic and international markets. This, Q2 Q2 Y-o-Y H1 H1 Y-o-Y in addition to improved recovery in the Particulars (Rs. crore) FY21 FY20 (%) FY21 FY20 (
Slide 18: CFF Performance
CFF Performance CFF – Abridged P&L Statement Rs. Cr In the quarter, CFF delivered an improved Particulars Aug & Sep'20 as a % of Sales performance in its core fragrance division Sales – Core Fragrance 26.0 driven by increasing demand and volume off- take in the Italian market Sales – Contract Manu
Slide 19: Balance Sheet Snapshot – As on September 30, 2020
Balance Sheet Snapshot – As on September 30, 2020 902 815 99 454 Networth Fixed Assets Cash & Net Debt* Investments Note: 1) *The Company’s net debt position includes consolidation of CFF debt and payment of the second and final tranche of the CFF acquisition of ~Rs. 141 crore 2) All Figures in Rs.
Slide 20: Cash Flow Snapshot
Cash Flow Snapshot Particulars (Rs. crore) FY16 FY17 FY18 FY19 FY20 H1FY21 Cash flow from Operations 86 102 103 77 205 64 Cash flow from investing activities -22 -96 -221 -137 -40 -226 Net 64 6 -117 -60 165 -162 Note: Cashand Note: Cash and cash cash equivalent equivalent includes includes investmen
Slide 21: Key Financial Ratios
Key Financial Ratios Particulars (Rs. crore) FY16 FY17 FY18 FY19 FY20 H1FY21 EBITDA margin (%) 17.1 17.9 18.0 14.9 14.9 20.2 PAT Margin (%) 7.8 10.6 8.8 8.2 6.4 *12.3 Debt to Equity 0.1 0.1 0.2 0.4 0.4 0.5 Return on Networth (%) 13.9 14.3 13.8 12.0 10.0 21.2 Return on Capital Employed (%) 21.0 22.7
Slide 22: Annexure
Annexure 16
Slide 23: Conference Call Details
Conference Call Details S H Kelkar and Company – Q2 & H1 FY21 Earnings Conference Call Time • 02.00 PM IST on Thursday, November 12, 2020 Primary dial-in number • +91 22 6280 1141 • +91 22 7115 8042 India Local access Number • +91 70456 71221 (Available all over India) • Hong Kong: 800 964 448 Inter
Slide 24: About Us
About Us S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour For further information please contact: Company in India. It has a long standing reputation in the fragrance industry developed in 98 years of experience. Its fragrance products and ingredients are used as
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