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November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC...

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Corporate Presentation November’2019
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Page 1: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Corporate Presentation

November’2019

Page 2: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

GROWTH CHART – CAPACITY & PRODUCTION – JKLC

Mn. MT.

Clinker Capacity

Cement Capacity

Production

2015 2016

JKLC CAGR during FY’15 to FY’19 – 14%

2017

5.47

6.27

8.30

6.27

8.65

6.60

10.90

*After considering 1.60 Mn. MT of Udaipur Cement Works Ltd., a 73% subsidiary of JK Lakshmi Cement Ltd.

6.88

2018

6.60

10.90

As on 31st March

7.48

2020 (E)

6.60

10.90

8.05 9.31

11.70

9.82

2019

8.12

13.30

11.48

Consolidated*

2020(E)

6.88

1

Page 3: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Jaykaypuram

Durg

Kalol(Grinding Unit)

Jharli(Grinding Unit

& AAC Block)

Mother Plants – Cement (Clinker) - Mn.MT

Surat(Grinding Unit)

1.30

4.65 (4.88)

0.90

1.352.70 (2.00)

Odisha(Grinding Unit)

0.80 Capacity (Mn. MT)

Zone Cement Clinker

JKLC

North 8.20 4.88

East 3.50 2.00

Sub-Total 11.70 6.88

UCWL 1.60 1.24

Total 13.30 8.12

1.60 (1.24)

UCWL

2

Page 4: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Region-wise Cement Sales - Sirohi

Regions 2015-16 (12M) 2016-17 (12M) 2017-18 (12M) 2018-19 (12M) 2019-20 (6M)

% sales % sales % sales % sales Apr'19-Sept'19

% sales

Rajasthan / MP 26 26 26 28 40

Gujarat 35 34 35 41 35

Maharashtra 6 4 4 2 1

North 33 36 35 29 24

3

Page 5: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Region-wise Cement Sales - Durg

Regions 2015-16 (12M) 2016-17 (12M) 2017-18 (12M) 2018-19 (12M) 2019-20 (6M)

% sales % sales % sales % sales Apr'19-Sept'19

% sales

Chhattisgarh 57 54 56 54 56

Odisha 21 17 17 19 18

Madhya Pradesh 5 9 9 10 10

Maharashtra 4 10 8 8 7

Others 13 10 10 9 9

4

Page 6: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Major Performance IndicatorsPower Consumption (Kwh./ MT of cement)

2015-16 2016-17 2017-18 2018-19

75 75

73

70

2015-16 2016-17 2017-18 2018-19

76

71

68

66

Sirohi Durg

5

Page 7: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Major Performance IndicatorsFuel Consumption (K.Cal./Kg.of clinker)

2015-16 2016-17 2017-18 2018-19

700 700 697 698

Sirohi

2015-16 2016-17 2017-18 2018-19

719 703 710 710

Durg

6

Page 8: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Financial Highlights – For 3 Months ended 30.09.2019

Sr. Particulars Unit For the IInd Qtr. ended

No. 30.09.19 30.09.18

Figures %

1 Net Sales Rs. Cr. 935 851 84 10%

2 PBIDT (after other Income) Rs. Cr. 155 107 48 45%

3 PBDT Rs. Cr. 116 57 59 103%

4 PBT (before exceptional items) Rs. Cr. 73 12 61 502%

5 PBT (after exceptional items) Rs. Cr. 73 12 61 502%

6 PAT Rs. Cr. 46 8 38 488%

7 Total CI after Tax Rs. Cr. 46 8 38 501%

8 OPM (On Net Sales) % 16% 11% 5%

Incr. / Decr. (-) in

7

Page 9: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Financial Highlights – For 6 Months ended 30.09.2019

Sr. Particulars Unit For Six Months ended

No. 30.09.19 30.09.18

Figures %

1 Net Sales Rs. Cr. 1977 1775 202 11%

2 PBIDT (after other Income) Rs. Cr. 331 211 119 56%

3 PBDT Rs. Cr. 252 117 135 116%

4 PBT (before exceptional items) Rs. Cr. 163 27 136 499%

5 PBT (after exceptional items) Rs. Cr. 133 27 106 388%

6 PAT Rs. Cr. 85 22 64 296%

7 Total CI after Tax Rs. Cr. 86 22 64 295%

8 OPM (On Net Sales) % 16% 10% 6%

Incr. / Decr. (-) in

8

Page 10: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Financial Highlights – For 12 Months ended 31.03.2019

Sr. Particulars Unit For Twelve Months ended

No. 31.03.19 31.03.18

Figures %

1 Net Sales Rs. Cr. 3882 3412 470 14%

2 PBIDT (after other Income) Rs. Cr. 471 479 -8 -2%

3 PBDT Rs. Cr. 284 282 2 1%

4 PBT (before exceptional items) Rs. Cr. 104 103 2 2%

5 PBT (after exceptional items) Rs. Cr. 104 103 2 2%

6 PAT Rs. Cr. 80 84 -4 -5%

7 Total CI after Tax Rs. Cr. 80 82 -2 -2%

8 OPM (On Net Sales) % 11% 12% -1%

Incr. / Decr. (-) in

9

Page 11: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Financial Highlights – Balance SheetRs. in Crore

Sl. As at As at As at

No. 31.03.2018 31.03.2019 30.09.2019

A ASSETS

(1) Non-current Assets

(a) Net Fixed Assets 3022 3050 2973

(b) Investments 354 357 362

(c) Other Non-Current Assets 108 109 88

3484 3516 3423

(2) Current Assets

(a) Current Assets 553 558 795

(b) Treasury Surplus Corpus 452 380 330

1005 938 1125

TOTAL ASSETS 4489 4454 4548

B EQUITY AND LIABILITIES

(1) EQUITY (NET WORTH) 1453 1523 1598

(2) LIABILITIES

(I) Borrowings

(a) - Long Term 1580 1525 1444

(b) - Short Term 440 87 120

- Total 2020 1612 1564

(II) Other Liabilities 1016 1319 1386

TOTAL EQUITY AND LIABILITIES 4489 4454 4548

Particulars

10

Page 12: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Consolidated Financials – For 6 Months ended 30.09.2019

Sr. Particulars Unit For Six Months ended

No. 30.09.19 30.09.18

Figures %

1 Net Sales Rs. Cr. 2149 1999 150 8%

2 PBIDT (after other Income) Rs. Cr. 398 223 175 79%

3 PBDT Rs. Cr. 286 95 191 202%

4 PBT (before exceptional items) Rs. Cr. 182 -11 192 -

5 PBT (after exceptional items) Rs. Cr. 151 -8 159 -

6 PAT Rs. Cr. 103 -3 106 -

7 Total CI after Tax Rs. Cr. 104 -2 106 -

8 OPM (On Net Sales) % 18% 10% 8%

Incr. / Decr. (-) in

11

Page 13: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Consolidated Financial – For 12 Months ended 31.03.2019

Sr. Particulars Unit For Twelve Months ended

No. 31.03.19 31.03.18

Figures %

1 Net Sales Rs. Cr. 4316 3860 457 12%

2 PBIDT (after other Income) Rs. Cr. 512 501 11 2%

3 PBDT Rs. Cr. 256 237 19 8%

4 PBT (before exceptional items) Rs. Cr. 45 30 15 52%

5 PBT (after exceptional items) Rs. Cr. 49 32 16 50%

6 PAT Rs. Cr. 41 43 -3 -6%

7 Total CI after Tax Rs. Cr. 41 41 0 0%

8 OPM (On Net Sales) % 11% 11% -1%

Incr. / Decr. (-) in

12

Page 14: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Financial Highlights – Consolidated Balance SheetRs. in Crore

Sl. As at As at As at

No. 31.03.2018 31.03.2019 30.09.2019

A ASSETS

(1) Non-current Assets

(a) Net Fixed Assets 3856 3868 3778

(b) Investments 10 11 11

(c) Other Non-Current Assets 159 177 157

4024 4056 3946

(2) Current Assets

(a) Current Assets 602 624 882

(b) Treasury Surplus Corpus 476 386 348

1077 1010 1229

TOTAL ASSETS 5101 5066 5175

B EQUITY AND LIABILITIES

(1) EQUITY (NET WORTH) 1445 1477 1570

(2) LIABILITIES

(I) Borrowings

(a) - Long Term 2099 2044 1964

(b) - Short Term 448 91 138

- Total 2546 2135 2102

(II) Other Liabilities 1110 1454 1503

TOTAL EQUITY AND LIABILITIES 5101 5066 5175

Particulars

13

Page 15: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

DEBT EQUITY RATIOS - Standalone Rs. in Crore

Particulars 31.03.2017 31.03.2018 31.03.2019 30.09.2019

Long Term Debt 1779 1580 1525 1444

Short Term Debt 391 441 87 120

Total Debt 2171 2021 1613 1564

Less : Cash and Cash Equivalent 509 452 380 330

Net Debt 1662 1570 1232 1234

Debt : Equity Ratio 1.57 1.39 1.06 0.98

Net Debt : Equity Ratio 1.20 1.08 0.81 0.77

14

Page 16: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

DEBT EQUITY RATIOS - Consolidated Rs. in Crore

Particulars 31.03.2017 31.03.2018 31.03.2019 30.09.2019

Long Term Debt 2295 2099 2044 1964

Short Term Debt 391 448 91 138

Total Debt 2687 2546 2135 2102

Less : Cash and Cash Equivalent 533 476 386 348

Net Debt 2154 2071 1749 1755

Debt : Equity Ratio 1.92 1.76 1.44 1.34

Net Debt : Equity Ratio 1.54 1.43 1.18 1.12

15

Page 17: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Shareholding Pattern of JKLC as on 30th Sept.2019

I Promoters & Promoter Group 45.93%

II FIIs,MFs,Banks etc. 30.15%

III Public 23.92%

Total 100.00%

I Total Share Capital (Rs. Cr.) 58.85

II Total No. of Shares (Cr.)

(Face Value Rs. 5/- each) 11.77

16

Page 18: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

1. Buy-back upto Rs. 97.5 Cr. at a Cap of Rs. 70/- per share inFeb’2012.

Cap of Rs. 70/- per share represents :

➢ 57% Premium over 12 months average price.

➢ 68% Premium over 6 months average price.

➢ 67% Premium over 3 months average price.

➢ 66% Premium over 1 months average price.

➢ 43% Premium over 15 days average price.

➢ The Company Utilised only Rs. 30.47 Cr. for the Buy-back

2. Share Split from - Rs. 10/- per share into 2 Shares of Rs. 5/- each.

Shareholder’s friendly Initiatives

17

Page 19: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

3. Consistent Dividend Payout Ratio

13% for FY 2019.

13% for FY 2018.

13% for FY 2017.

56% for FY 2016.

30% for FY 2015.

30% for FY 2014.

20% for FY 2013.

25% for FY 2012.

25% Average for last 8 Years

Shareholder’s friendly Initiatives (Contd..)

18

Page 20: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

JKLC among Best Performers on the bourses

Annualised Stock Price Return since January 2003

55.5

39.4

36.8

33.8

30.0

29.6

25.4

24.9

24.9

24.0

22.8

22.3

19.9

18.3

16.5

Shree cement

JK lakshmi Cement

Chettinad Cement

Birla Corp

Mangalam Cement

Madras Cement

Ambuja Cement

Grasim Inds

ACC

Prism Cement

Century Textiles

Heidelberg Cement

Sensex

India Cements

Kesoram Industries

CompanyCAGR return (%)

Source : Capitaline, BSE, BCCI Annual Report/Business Standard 30.05.13

19

Page 21: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Way Forward

Improved Power Cost at Durg Plant after setting up WHR Plant of

7.50 MW in Dec’2017.

TPP Plant of 20 MW at Durg has been recently commissioned.

At Durg in 2018-19 the Company has achieved much improvedefficiencies.

Putting up Solar Power Plants at Sirohi and Durg for further PowerCost reduction.

Logistic Optimization with Group Company UCWL.

% of Premium Products continuously increase.

Reduction in Borrowing Cost on LT Loans through annual resetting.

Pro+ Cement sale to increase in Northern Markets too.20

Page 22: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Way Forward

Introduction of New Brand SIXER with new Dealer /Stockiest.

The Company has deep penetration in rural markets.

Short Term rating continues at A1+ (highest possible rating) (CRISIL & CARE).

Long Term rating is ‘AA-’.

Efficiency Parameters amongst best in Industry.

One of the Least Cost Producer of Cement in Industry.

Key Financial Ratios well within accepted Norms.

Has Become a PAN India Player (Barring South) with a Capacity of 13.5 Mn. MT.

21

Page 23: November’2019 - Jklakshmi Cement · 2019-11-20 · GROWTH CHART –CAPACITY & PRODUCTION –JKLC Mn. MT. Clinker Capacity Cement Capacity Production 2015 2016 JKLC CAGR during FY’15

Thank You

22


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