Slides
Page 1
Investor Presentation May’ 25
Page 2
2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Fine Organic Industries 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 over runs 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 in case 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
Page 3
3 Expertise in Oleochemistry Making Things Better®️ An established and reputed international player of specialty additives, rooted in India A Technical Pinch of salt in the end product making a HUGE difference in the product performance We create Specialty additives for diverse applications, Solution-centric approach and Innovation-driven mindset Pioneered in developing wide range of specialty additives for a variety of applications that are connected to humans in their daily lives Leading producer of the widest range of additives for foods, polymers, feeds, cosmetics, coatings etc. We are omnipresent and form a part of your life in every way
Page 4
4 Why FINE additives are preferred? Green additives from FINE have successfully substituted potentially, harmful chemicals across various industries like plastics, packaging, food, cosmetics, rubbers, and coatings, while maintaining performance standards Increasing consumer awareness for environment has resulted in remarkable preference for ‘Green’ and ‘Sustainable’ products FINE additives are majorly bio- based, safe to use and bio- degradable; therefore, can offer the most effective benefits through ‘Sustainability’ combined with excellence in functionality and safety Minimized waste generation, effluent management through effective production process and stringent compliance to regulations 1 3 4 2 Demand for oleochemical derived additives is increasing
Page 5
High- Performance Environment -Friendly Additives
Page 6
6 Over 50 years of Journey 1973-1988 2001-2002 2005-2006 2008-2012 Established as ‘Fine Organic Industries’, a partnership firm by Late Shri Ramesh Shah and Late Shri Prakash Kamat Commissioned first food additives facility in Dombivli Set up second facility in Ambernath Commissioned facility at Badlapur Incorporated the company under the name of Fine Organic Industries (Mumbai) Pvt. Ltd. Established R&D Centre in Navi Mumbai Commissioned large manufacturing facilities in Ambernath Expanded capacity addition phase wise in Ambernath 2016-2017 2018-2021 2022-2025 Signed JV with Netherlands based bakery premix manufacturer Zeelandia International Incorporation of USA Subsidiary in 2014 Additional capacity expansion at Ambernath facility Amalgamated Fine Research and Development Centre Pvt Ltd and Fine Specialty Surfactants Pvt. Ltd. Incorporation of Europe subsidiary Initiated (IPO) and got listed on BSE and NSE New plant at Ambernath and Patalganga commissioned Commenced Production at JVC in Thailand Incorporated WOS of ‘Fine Organic Industries (SEZ) Pvt. Ltd. 1970 2014 -15 JVC - Joint Venture Company WOS – Wholly Owned Subsidiary
Page 7
7 A Fine Family Employee Strength Women Employees Employees completed 25 years of journey with us 2nd Generation Employees Integrity is both a value as well as a character that is embedded in every Fine Organics employee, manifesting itself in every thought and action, every day with everyone 865+ >18% >11% >8% Creating and encouraging home grown leadership with the signature Fine Organics character comprising integrity, trust, fairness and strong values Integrity is both a value as well as a character that is embedded in every Fine Organics employee, manifesting itself in every thought and action, every day with everyone
Page 8
8 Strength Formulae for Success of FINE ORGANICS Strong R&D & Innovation led Business Diversified Product Portfolio Specialized Business Model Diversified Customer Base Highly Experienced Management Team Dominant Position 01 02 03 04 05 06 + = Technology Development Relentless Focus Innovative Products and Solutions
Page 9
9 1. Strong R&D : Innovative Approach Developing New Products Improving Process Technology Exploring New Markets Expanding Capacities Strong R&D Capabilities In-House Design and Engineering New Product Developments Specialty Additives for: ▪ Feed nutrition ▪ Foods ▪ CosPha ▪ Coatings ▪ Polymers ▪ Others Focus on ▪ Value Creation; Effective and Efficient technical support to customers ▪ Dedicated team of 35 Scientists and Technicians ▪ In-house capabilities for plant designing and engineering ▪ Minimize capital expenditures & quicker commissioning
Page 10
10 Fine’s facilities are fully geared towards meeting growing Global Demands With Industry Standards and Regulatory Credentials ▪ Setting new benchmarks in quality and consistency ▪ High safety and productivity standards ▪ Products are appreciated by customers worldwide for their consistent quality and packaging standards
Page 11
11 2. Diversified Product Portfolio : Multiple End-users 01 02 03 04 ▪ Pioneer in manufacturing of food emulsifiers in India ▪ Expanded its range to anti-fungal agents, bread improvers, beverage clouding agents etc. ▪ The diversity of oleochemistry has enabled us to develop a wide range of additives for polymers ▪ Our product range for CosPha (Cosmetics and Pharmaceuticals) applications serve as base ingredients ▪ They enhance appearance and use for endusers in skin care products like Creams, Lotions & Ointments etc ▪ Using our oleochemistry expertise, we have developed a line of functional additives and special formulations for several other industries, such as feed nutrition and coatings, etc.
Page 12
12 2. Diversified Product Portfolio : Multiple End-users Food Additives Additives for maintaining the quality and freshness of the food products, impart better product structure integrity and helps in increasing the shelf life of food products Polymer Additives Used for various functionalities in wide range of plastic products made from various polymers Additives for Coatings Emollients for Cosmetics Feed Nutrition Additives Specialty Additives Used as anti-settling agents, emulsifiers, thickening/anti- sagging agents, wetting and dispersing agents, defoamers, biocides and anti-mar waxes for use in coating applications. Capable of improving the appearance and durability of a coating Enables manufacturing of products with different structures like creams, gels, pastes, lotions etc. Aids in achieving long term physical stability for transport and storage. Increases sensory perception and the chemical stability of the sensitive active agents Replaces harmful antibiotics and improves feed efficiency and imparts several technical advantages to the end products A wide range of specialty performance additives for various industries
Page 13
13 3. Specialised Business Model : Entry Barriers Limited Players ▪ Limited & small players in Indian specialty additives market. Globally Few players which are very large ▪ Fine Organics : Largest organised player in the Indian market & is making its presence across the globe Customer Loyalty ▪ Lengthy & expensive product approval processes lead to high switching costs for customers. Due to this, customers rely on established suppliers, as performance ingredients are very critical to their end products ▪ Fine Organics: Eco-friendly oleo- derived green additives follow stringent quality parameters & regulations, governing the industry ▪ Complex technology & manufacturing processes create multiple entry barriers into the oleochemical derived green additives industry. Product formulations, innovation & process technology are time & capital intensive ▪ Fine Organics: Has an early-mover advantage in this industry and has successfully established its in-house manufacturing set up and has been consistently delivering quality product ▪ The additives have a direct impact on human life as well as the environment, thus necessitating stringent regulatory parameters ▪ Fine Organics: Eco-friendly oleo-derived green additives follow stringent quality parameters & regulations, governing the industry Complex Technology Highly Regulated
Page 14
14 4. Diversified Customer Base Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness Products 600+ Direct Customers 890+ Distributors 240+ End Users 5,400+ Countries 80+ Warehouses in USA & Europe As on 31st Mar’25
Page 15
15 5. Highly Experienced Board of Directors Mukesh Shah Chairman • Joined in 1973. Holds a Bachelor’s degree in Science • Played a key role in establishing quality control and marketing Bimal Shah Executive Director • Joined in 2009. Holds a Bachelor’s degree in Science from Purdue University and a Master’s degree from Boston College • Led initiatives for new projects and processes Mahesh Sarda Independent Director • On the Board since Nov 2017. Qualified Chartered Accountant • Previously served as a Partner at Deloitte Haskins & Sells Jayen Shah Managing Director • Joined in 1986. Holds a Master’s degree in Science • Instrumental in creating a strong vendor- partner network Nikhil Kamat Executive Director • Joined in 1987, holds a Master’s of Science Degree in Biochemistry from ICT, Mumbai • Played a key role in operations, productions, planning, handling technical, environmental and regulatory tasks Thiruvengadam Parthasarathi Independent Director • On the Board since Nov 2017. Holds a BTech degree from IIT, Madras and Post Graduate in Industrial Engineering • Previously served as a Senior Director with Deloitte India Tushar Shah Executive Director and CEO • Joined in 1989 and led several initiatives like ERP, CRM, etc. • Key role in the development of the first slip additive facility Prakash Apte Independent Director • On the Board since Nov 2017. Holds a Bachelor’s degree in Mechanical Engineering • Previously served as MD of Syngenta India Pratima Umarji Independent Director • On the Board since Nov 2017. Holds a Law degree • Previously was a panel member of the “Lok Adalat”, Bombay High Court Kaushik Shah Independent Director • On the Board since Jan 2018. Holds a Bachelor’s degree in Commerce and a Qualified Chartered Accountant • Previously served as MD of Fulford (India) Rashi Mehta Independent Director • Joined in 2024 • Holds degree in law and arts, Practicing legal professional having wide experience over 20 years in pivotal areas of law
Page 16
16 6. Dominant Position Pioneers and the largest manufacturers of oleochemical- based additives in India and a strong player globally Fully automated production facility multiple production sites One of the few global players in the specialty food emulsifiers One of the few global players in the specialty food emulsifiers One of the few leading players to develop proprietary technology to manufacture green additives
Page 17
17 Our Sustainable Value Creation Framework Financial Capital Intellectual Capital Manufacturing Capital Human Capital Social Capital Natural Capital We are dedicated to creating value for all stakeholders, including employees, shareholders, governments, and communities, by effectively deploying capital throughout our operations Investing in research and consumer insights is crucial for us. We utilise our R&D capabilities and proprietary technologies to develop innovative products that strengthen our brand Our manufacturing facilities are strategically located near ports to ensure efficient global distribution and enhanced customer service We prioritise the well- being and development of our 865+ employees. We foster a customer-focussed and highperformance culture based on our core values Sustainability and reputation management are integral to our business model. We are committed to creating value for our community, business, labour, and government stakeholders in all regions where we operate We prioritise the sustainable use of natural resources in our manufacturing processes. Our procurement strategies emphasise long-term sustainability and environmental impact mitigation
Page 18
18 Industry growth potential factors Industry ▪ Emulsifiers ▪ Anti-fungal agents ▪ Beverage cloudifier ▪ Anti-crystallisers ▪ Bakery products ▪ Confectionery ▪ Biscuits ▪ Oil and fats ▪ Dairy products ▪ Beverages ▪ Increased consumption ▪ Increased number of end-user applications ▪ People moving towards busy lifestyle ▪ Changing food habits FOOD ADDITIVES POLYMER ADDITIVES ▪ Lubricants ▪ Anti-fogging additives ▪ Anti-static additives ▪ Anti-scratch ▪ Processing aids ▪ Flow improvers ▪ Slip additives ▪ Dispersants ▪ Packaging films ▪ Bottle caps ▪ Wires & Cable ▪ Packaging ▪ Furniture ▪ Automobiles ▪ Pipes & Fittings ▪ Biodegradable plastic ▪ Replacing the use of conventional plastics ▪ Recycling of plastics ▪ Increased use of bioplastics ▪ Increased use of plastic as a substitute of other materials ▪ Demand for green polymer additives ▪ Development of performance polymer additives ▪ Increasing urbanisation and replacement of metal and wood ▪ Increased use of package materials Key Additives & Ingredients End-Use Applications Growth Drivers
Page 19
19 Industry growth potential factors FEED NUTRITION ADDITIVES ▪ Natural antibiotics ▪ Nutritional additives ▪ Anti-fungal additives ▪ Poultry feeds ▪ Cattle feeds ▪ Aquaculture ▪ Growing health and safety awareness in the food processing ▪ industry ▪ Increased demand for quality end products ▪ Growing awareness about the healthy products ▪ Lube additives ▪ Property modifiers ▪ Anti-corrosive additives ▪ Emulsifiers ▪ Wetting and dispersing agents ▪ Anti-mat additives ▪ Automotive lubricants ▪ Roads and highway ▪ Printing inks and Coatings for metal, papers etc ▪ Other specialty applications ▪ Increase in infra-projects ▪ Growth in automobile sales ▪ Increasing usage in industrial protective coating ▪ Growing e-commerce ▪ Increased demand for paint protecting coating ▪ Growth in niche products ▪ Increased use of specialty papers COATING AND SPECIALITIES COSPHA ADDITIVES ▪ Emulsifiers ▪ Emollients ▪ Green surfactants ▪ Creams, lotions ▪ Skin care ▪ Hair care ▪ Cleanser ▪ Home care ▪ Growth in Tier II and Tier III cities ▪ Increased demand for men’s cosmetics ▪ Growing demand for personal & home care products Industry Key Additives & Ingredients End-Use Applications Growth Drivers
Page 20
20 Financial Highlights
Page 21
21 Q4 & FY25 Business Highlights • In FY25, the domestic and export revenue were 43% and 57%, respectively, while in Q4FY25, they stood at 44% and 56% of the revenue from operations • Raw material prices increased from Q2FY25 onwards and remained elevated thereon; however, expected to stabilise further • Freight costs have increased substantially in FY25; though, it has stabilised from Q3FY25 onwards • All plants are operating at almost full capacity utilisation except Patalganga, which is ramping up steadily • We intend to incorporate wholly owned subsidiaries in the United States of America and the United Arab Emirates
Page 22
22 RM Prices Volatility 600 1100 1600 2100 2600 3100 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 SOYA REFINED OIL RAPESEED EXP OIL PALMOLIEN COTTON REF OIL RICEBRAN REF OIL SUNFLOWER REF OIL GROUNDNUT OIL COCONUT OIL CASTOR OIL Price in Rs / 10 KG Source – RK Singhal (Vishwa Vyapar)
Page 23
23 Standalone Performance Highlights Rs in Crores 525 576 Q3FY25 Q4FY25 108 108 Q3FY25 Q4FY25 89 89 Q3FY25 Q4FY25 1,951 2,205 FY24 FY25 481 481 FY24 FY25 368 390 FY24 FY25 EBITDARevenues PAT
Page 24
24 FY25 Standalone Operating Performance Cash PAT = NPAT + Depreciation 17.1% 18.8% 25.8% 24.7% 10.3% 15.6% 21.1% 21.7% Rs in Crores 21.8% 20.0%17.7% 55% 45% FY21 60% 40% FY22 68% 32% FY23 52% 48% FY24 FY25 Exports Domestic 1,121 1,858 3,029 1,951 43% 57% 2,205 +18% 192 349 781 481 481 FY21 FY22 FY23 FY24 FY25 +26% 115 251 591 368 390 FY21 FY22 FY23 FY24 FY25 +36% 162 291 638 424 441 FY21 FY22 FY23 FY24 FY25 +29% Cash PAT = NPAT + Depreciation 13.5% 19.5% 18.8% 14.4% Rs in Crores Revenues EBITDA & Margins PAT & Margins Cash PAT & Margins
Page 25
25 Use of Capital (Standalone) 3.26x 2.34x 3.37x 5.40x 2.29x 3.21x 7.77x 4.90x 7.10x 12.26x 7.39x 8.75x FY20 FY21 FY22 FY23 FY24 FY25 -0.13x -0.24x -0.16x -0.31x -0.52x -0.40x FY20 FY21 FY22 FY23 FY24 FY25 Net Debt = Total Long term debt + short term debt + current of maturities of long term debt – cash and bank balances Fixed Asset Turnover (Gross) = Net Revenue from Operations / Total Gross Block of Fixed Assets including Land Fixed Asset Turnover (Net) = Net Revenue from Operations / Total Net Block of Fixed Assets including Land x = no. of times *increased in Gross Block as Patalganga facility Phase 2 got commissioned in FY22 Net Cash Position Net Debt to Equity Fixed Asset Turnover
Page 26
26 Standalone Return Profile FY21 FY22 FY23 FY24 FY25 17.55% 30.35% 47.34% 22.82% 19.37% FY21 FY22 FY23 FY24 FY25 15.55% 26.15% 38.80% 19.75% 17.57% Return on Capital Employed = EBIT (excluding Other Income) / (Total Debt + Total Net worth) Return on Net Worth = Net Profit After Tax / Total Net Worth Return on Capital Employed Return on Net Worth
Page 27
27 Standalone Profit & Loss Statement * Not Annualized for the quarter Particulars (Rs in Crs) Q4FY25 Q4FY24 YoY Q3FY25 QoQ FY25 FY24 YoY Revenue from Operations 576.2 521.5 10.5% 525.1 9.7% 2,205.2 1,951.1 13.0% Cost of Raw Material Consumed 361.8 294.2 322.4 1,331.8 1,119.9 Gross Profit 214.5 227.4 -5.7% 202.7 5.8% 873.4 831.2 5.1% Gross Profit Margin 37.2% 43.6% 38.6% 39.6% 42.6% Employee Cost 34.8 31.2 31.0 128.6 113.7 Other Expenses 71.5 63.7 63.8 263.7 236.3 EBITDA 108.2 132.4 -18.3% 107.9 0.2% 481.1 481.3 0.0% EBITDA Margin 18.8% 25.4% 20.6% 21.8% 24.7% Other Income 25.6 22.6 25.2 96.6 71.7 Depreciation 14.0 15.4 13.1 51.4 56.6 EBIT 119.8 139.6 -14.2% 120.1 -0.3% 526.3 496.4 6.0% EBIT Margin 20.8% 26.8% 22.9% 23.9% 25.4% Finance Cost 0.5 0.5 0.4 1.7 2.3 Exceptional Items 0.0 0.6 0.0 0.0 0.6 PBT 119.3 138.5 -13.9% 119.7 -0.3% 524.6 493.5 6.3% PBT Margin 20.7% 26.6% 22.8% 23.8% 25.3% Tax 30.8 34.2 30.7 135.0 125.9 PAT 88.5 104.3 -15.1% 89.0 -0.5% 389.7 367.6 6.0% PAT Margin % 15.4% 20.0% 17.0% 17.7% 18.8% Other Comprehensive Income -1.7 -0.1 0.0 -2.3 -0.8 Total Comprehensive Income for the year / period 86.8 104.2 -16.7% 89.0 -2.4% 387.3 366.8 5.6% EPS* 28.88 34.02 29.03 127.09 119.88
Page 28
28 Standalone Balance Sheet Assets (Rs in Crs) Mar-25 Mar-24 Equity & Liabilities (Rs in Crs) Mar-25 Mar-24 Non-current assets Equity Property, plant and equipment 249.8 262.5 Equity share capital 15.3 15.3 Capital work-in-progress 26.8 29.7 Other equity 2,202.6 1,846.0 Intangible assets 2.2 1.7 Right of use assets 2.4 4.1 Total Equity 2,217.9 1,861.3 Financial assets Non-current liabilities Investments 180.5 115.6 Financial liabilities Loans 0.9 1.2 Others 213.3 12.4 Lease Liability 0.9 2.5 Deferred tax assets (net) 15.4 13.0 Other non-current assets 34.8 41.2 Total non curent liabilities (A) 0.9 2.5 Total non-current assets 726.1 481.4 Current assets Current liabilities Inventories 275.2 195.2 Financial liabilities Financial assets Lease Liability 1.8 1.8 Trade receivables 366.0 348.0 Trade payables 150.8 132.0 Cash and cash equivalents 130.2 607.5 Others 2.3 2.6 Other Bank balances 760.8 353.5 Other current liabilities 7.6 9.0 Loans 0.6 0.7 Provisions 29.0 20.0 Others 1.5 0.1 Current tax liabilities (Net) 14.2 15.0 Current tax asset (Net) 18.6 18.6 Total current liabilities (B) 205.7 180.4 Other current assets 145.6 39.1 Total liabilities (A) + (B) 206.6 182.8 Total current assets 1,698.4 1,562.7 TOTAL ASSETS 2,424.5 2,044.1 TOTAL EQUITY AND LIABILITIES 2,424.5 2,044.1
Page 29
29 Consolidated Performance Highlights Rs in Crores EBITDARevenues PAT 517 607 Q3FY25 Q4FY25 103 120 Q3FY25 Q4FY25 83 97 Q3FY25 Q4FY25 2,123 2,269 FY24 FY25 534 513 FY24 FY25 412 410 FY24 FY25
Page 30
30 FY25 Consolidated Operating Performance 1,133 1,876 3,023 2,123 2,269 FY21 FY22 FY23 FY24 FY25 +19% 198 364 831 534 513 FY21 FY22 FY23 FY24 FY25 27% 167 300 666 468 463 FY21 FY22 FY23 FY24 FY25 +29% 120 260 618 412 410 FY21 FY22 FY23 FY24 FY25 +36% *After Share Profit / (Loss) of Joint Venture Cash PAT = NPAT + Depreciation 17.5% 19.4% 27.5% 25.2% 10.6% 13.8% 20.4% 19.4% 14.7% 16.0% 22.0% 22.1% Rs in Crores 22.6% 20.4%18.1% Revenues EBITDA & Margins PAT & Margins Cash PAT & Margins
Page 31
31 Use of Capital (Consolidated) Net Debt = Total Long term debt + short term debt + current of maturities of long term debt – cash and bank balances Fixed Asset Turnover (Gross) = Net Revenue from Operations / Total Gross Block of Fixed Assets including Land Fixed Asset Turnover (Net) = Net Revenue from Operations / Total Net Block of Fixed Assets including Land x = no. of times *increased in Gross Block as Patalganga facility Phase 2 got commissioned in FY22 FY21 FY22 FY23 FY24 FY25 -0.23x -0.18x -0.32x -0.55x -0.41x 2.29x 2.37x 3.40x 5.19x 3.25x 2.77x 4.18x 4.95x 7.17x 12.24x 8.04x 6.11x FY20 FY21 FY22* FY23 FY24 FY25 Net Debt to Equity Fixed Asset Turnover Net Cash Position
Page 32
32 Consolidated Return Profile Return on Capital Employed = EBIT (excluding Other Income and including share of profit / (loss) of JV (net of tax)) / (Total Debt + Total Net worth) Return on Net Worth = Net Profit After Tax / Total Net Worth FY21 FY22 FY23 FY24 FY25 18.41% 31.80% 49.82% 24.74% 20.03% FY21 FY22 FY23 FY24 FY25 16.45% 27.09% 40.10% 21.44% 17.88% Return on Capital Employed Return on Net Worth
Page 33
33 Consolidated Profit & Loss Statement Particulars (Rs in Crs) Q4FY25 Q4FY24 YoY Q3FY25 QoQ FY25 FY24 YoY Revenue from Operations 606.8 546.9 11.0% 516.8 17.4% 2,269.1 2,123.0 6.9% Cost of Raw Material Consumed 366.6 305.7 310.9 1,328.6 1,217.0 Gross Profit 240.2 241.2 -0.4% 206.0 16.6% 940.6 905.9 3.8% Gross Profit Margin 39.6% 44.1% 39.9% 41.5% 42.7% Employee Cost 37.3 32.5 32.8 135.2 119.5 Other Expenses 83.4 65.0 70.4 292.6 251.9 EBITDA 119.6 143.6 -16.7% 102.7 16.4% 512.9 534.5 -4.0% EBITDA Margin 19.7% 26.3% 19.9% 22.6% 25.2% Other Income 25.8 22.8 25.4 97.6 71.9 Depreciation 14.8 15.4 13.1 52.3 56.6 EBIT 130.5 151.0 -13.6% 115.0 13.4% 558.2 549.8 1.5% EBIT Margin 21.5% 27.6% 22.3% 24.6% 25.9% Finance Cost 0.7 0.5 0.4 2.2 2.4 Share of profit/(loss) of joint ventures (net of tax} 0.1 -0.1 0.0 -0.8 -2.6 Exceptional Items 0.0 0.6 0.0 0.0 0.6 PBT 129.9 149.8 -13.3% 114.6 13.3% 555.2 544.1 2.0% PBT Margin 21.4% 27.4% 22.2% 24.5% 25.6% Tax 32.8 35.3 31.9 144.7 132.2 PAT 97.1 114.6 -15.2% 82.7 17.5% 410.5 411.9 -0.3% PAT Margin % 16.0% 20.9% 16.0% 18.1% 19.4% Other Comprehensive Income -1.7 -0.1 0.0 -2.4 -0.8 Total Comprehensive Income for the year / period 95.4 114.5 -16.6% 82.7 15.4% 408.1 411.1 -0.7% EPS* 31.68 37.36 26.97 133.89 134.34 * Not Annualized for the quarter
Page 34
34 Consolidated Balance Sheet Assets (Rs in Crs) Mar-25 Mar-24 Equity & Liabilities (Rs in Crs) Mar-25 Mar-24 Non-current assets Equity Property, plant and equipment 358.3 262.5 Equity share capital 15.3 15.3 Capital work-in-progress 27.2 29.7 Other equity 2,279.9 1,905.7 Intangible assets 2.6 1.7 Right of use assets 2.6 4.1 Total Equity 2,295.2 1,921.0 Financial assets Non-current liabilities Investments 35.3 36.2 Financial liabilities Loans 0.9 1.2 Others 219.0 12.4 Lease Liability 1.0 2.5 Deferred tax assets (net) 15.3 13.3 Other non-current assets 36.2 64.9 Total non curent liabilities (A) 1.0 2.5 Total non-current assets 697.3 426.0 Current assets Current liabilities Inventories 362.9 260.9 Financial liabilities Financial assets Lease Liability 1.8 1.8 Trade receivables 331.5 311.3 Trade payables 155.5 135.4 Cash and cash equivalents 189.2 695.1 Others 2.3 2.6 Other Bank balances 760.8 353.5 Other current liabilities 11.0 9.4 Loans 0.6 0.7 Provisions 29.7 20.0 Others 1.5 0.7 Current tax liabilities (Net) 14.2 15.0 Current tax asset (Net) 19.7 19.0 Total current liabilities (B) 214.4 184.2 Other current assets 147.1 40.7 Total liabilities (A) + (B) 215.4 186.7 Total current assets 1,813.4 1,681.8 TOTAL ASSETS 2,510.7 2,107.8 TOTAL EQUITY AND LIABILITIES 2,510.7 2,107.8
Page 35
THANK YOU Company: CIN: L24119MH2002PLC136003 Ms. Sonali Bhadani Chief Financial Officer investors@fineorganics.com Investor Relations Advisors: CIN: U74140MH2010PTC204285 Mr. Mandar Chavan / Mr. Rahul Agarwal +91 9699382195 / +91 9821438864 Email: mandar.chavan@sgapl.net / rahul.agarwal@sgapl.net www.sgapl.net