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Earnings Presentation Q1 FY2026 Nourishing the Future - Feeding the Nation Follow us on : www.paradeepphosphates.com
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Overview of PPL Key Metrics in FY25 ICRA A+ Stable Credit Rating 3.03 Million Tonnes Fertilizer Volumes Sold 15 States Geographical Presence 1,500+ Permanent Employees 9.5+ Million Farmer Connect 2 Manufacturing Plants Rs. 139,316 Mn Revenue 0.78x Net Debt to Equity • Paradeep Phosphates Limited (PPL) is India's second-largest listed private sector phosphatic fertilizer company with a capacity of 3.0 MMTPA • The Paradeep unit (1.8 MMTPA) can produce DAP and various NPK grades, while the Goa unit (1.2 MMTPA) can produce unique NPK grades (0.8 MMTPA) and urea (0.4 MMTPA) • PPL’s competencies are in sourcing critical raw materials, producing DAP and various NPK grades, and selling to more than 9.5 million farmers through a wide distribution network of over 95,000 retailers across 15 states in India. PPL also has a small industrial portfolio • PPL's brand - Jai Kisaan Navratna - hold strong equity in the minds of farmers • PPL is promoted by Zuari Agro Chemicals and OCP Group of Morocco, jointly holding 56.1% of the company through ZMPPL (Zuari Maroc Phosphates Pvt Ltd) Paradeep, Odisha 2,280 NPK / DAP 1.8 MMTPA East, Central and South of India DAP, NPK-20, N-12, N-10, N-14 • 9001 • 14001 • 45001 • 50001 • 17025 Phosphoric Acid 500 KTPA Sulphuric Acid 1.39 MMTPA Inbound logistics via a 3.4 km pipeline from the port Green power generated from sulphuric acid production Zuarinagar, Goa 260 NPK / DAP 0.8 MMTPA, Urea - 0.4 MMTPA West, Central and South of India NPK-10, N-12, N-14, N-19, N-28, Urea N-19 is unique to the Goa plant in India • 45001 • 14001 Ammonia Centrally located in agriculturally developed markets with high phosphate consumption Location Area in acres Installed Capacity Target Market Key Products ISO Certification Backward Integration Advantages Manufacturing Units 2 15% ROCE* 14% ROE* *ROE: Profit after tax / Total Equity, ROCE: EBIT/ Capital Employed
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Raw Material Sourcing Manufacturing & Storage Capabilities Wide product basket with unique grades Pan India Sales Network and Strong Brand Equity ESG centric Organization with Strong Promoters • Competitive edge in sourcing raw materials via long-term agreements with suppliers • Supplier relationships coupled with backward integration help hedge global price volatility • Close proximity to ports enhances inbound logistics. PPL owns a captive berth at Paradeep port, using a 3.4 km conveyor pipeline for transport • The Goa plant also benefits from its location near Mormugao Port Paradeep Plant: • Backward integration of P2O5 • 2/3rd Land available for future expansion • Green Power via making of captive sulphuric acid Goa Plant: • Backward integration of ammonia • Diversified product portfolio • Access to developed markets Availability of extensive storage area for raw materials and finished goods at both plants Consumer Product Portfolio: • Core Products: NPK-20:20:0:13,NPK-19:19:19, NPK-28:28:0, DAP-18:46:0, NPK-12:32:16, NPK-10:26:26 • Newer Products: TSP-0:46:0, Nano DAP, Nano Urea, NPK-14:35:14 • Industrial Products: Phospho-gypsum, Sulphuric Acid, NH3, HFSA • Circular Product Zypmite Flagship Brand • Jai Kisaan Navratna Extensive Pan-India Network • 15 States in India • 23 regional marketing offices • 590+ stock points • 5,600+ dealers • 95,000+ retailers Consumer Base • 9.5+ Million Farmers Strong channel loyalty programme Environment • Focus on energy, water, waste, emissions, climate, biodiversity Social • Focus on labor practices, human rights, human capital development, health and safety, customers and communities Governance • Focus on risk management, cybersecurity, transparent reporting Promoters – OCP and Zuari - play symbiotic role in resource ownership and manufacturing & distribution respectively PPL’s Competitive Advantages 3
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Sustainability & ESG at PPL ESG Report FY2021 - 2022 , ESG Report FY2022 – 2023 , BRSR Report FY2022-2023 , ESG Report FY 2023-24, BRSR Report FY 2023-24, PPL Digital ESG Profile ESG at PPL is a blend of GRI benchmarking, new policies & initiatives, reporting, rating and governance Financial Year Key Actions & Milestones FY2024–25 - Achieved S&P CSA score of 75 (↑24-point YoY jump, top 2% globally in chemicals sector) - Published 3rd ESG Report for FY 23-24 - Implemented new ESG initiatives across all pillars of E, S and G like: Climate Risk Assessment, Life Cycle Analysis of key products, Supplier ESG Assessment , Human Rights Due Diligence, ESG Policies and Targets, External Assurance on ESG Report FY2023–24 - Achieved S&P CSA score 51 (Top 25% globally in chemicals sector) - Published 2nd ESG Report for FY 22-23 - Published 2nd BRSR Report (voluntary, best practice) for FY 23-24 FY2022–23 - Published 1st BRSR Report (voluntary, best practice) for FY 22-23 - Implemented ESG Policies - Conducted Water Stress & Biodiversity Assessments - Introduced Supply Chain ESG Framework FY2021–22 - Initiated ESG & Sustainability journey (integrated with corporate strategy) - Conducted Materiality Assessment - GHG Accounting (Scope 1, 2, 3) - Published 1st ESG Report (mapped to GRI, SASB, UN SDG) for FY 21-22 The Paradeep site, spanning 2,280 acres, is a vital habitat for over 30,000 migratory birds from more than 50 species annually. It offers diverse habitats like wetlands, grasslands, and woodlands, supporting avian biodiversity and ecological research. These birds, traveling long distances from around the world, help maintain ecological balance through seed dispersal, pollination, and insect control. Paradeep Site: A Crucial Habitat for Migratory Birds 4
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Q1 FY26 Performance Key Highlights *EBITDA includes other income ➢ PPL achieved production of 6.64 lakh tonnes and primary sales of 7.42 lakh tonnes, representing 23% and 34% year- on-year growth, respectively. ➢ N-20 sales reached a robust 2.24 lakh tonnes. ➢ Production of intermediaries also saw strong growth, with phosphoric acid volumes rising 22% YoY to 113 KTPA and sulphuric acid production increasing 30% YoY to 283 KTPA. ➢ PPL also achieved high POS sales velocity, improving receivables and working capital efficiency, while continuing its innovation-led approach by selling nearly 7 lakh bottles of nano fertilizers. (In Rupees Million) 5 Net Profit Rs. 2,559 Margins : 6.8% Total Income Rs. 37,814 57.8% Y-o-Y PBT Rs. 3,418 Margins : 9.0% EBITDA Rs. 4,932 Margins : 13.0%
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Q1 FY26 Production (Production Volumes in MT) Urea Production: Q1: 111,222 MT Ammonia: Q1: 72,424 MT 6Intermediaries Sulphuric Acid 282,645 MT 30% Y-o-Y Total fertilizers 664,078 MT 23% Y-o-Y Other NPK 191,889 MT 35% Y-o-Y DAP 167,795 MT 18% Y-o-Y N-20 193,181 MT 42% Y-o-Y Phosphoric Acid 112,640 MT 22% Y-o-Y
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Q1 FY26 PPL Sales (Sales Volumes in MT) Urea Sales: Q1: 114,678 MT Traded Products: Q1: 33,163 MT 7 Other NPK 212,539 MT 84% Y-o-Y Total fertilizers 742,874 MT 34% Y-o-Y N-20 224,398 MT 45% Y-o-Y DAP 158,096 MT 54% Y-o-Y
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Q1 FY26 Performance Trends PAT* CAGR 52% EPS (IN RS.) Revenue from Operations EBITDA and Margins Net Profit and MarginsPBT and Margins (in Rupees Million) Q1 FY26: Year-over-year, Profit after tax surged, EBITDA nearly doubled 23,774 34,940 37,541 1,15,751 1,38,202 Q1 FY25 Q4 FY25 Q1 FY26 FY24 FY25 1,663 3,892 4,932 7,169 13,672 6.9% 11.0% 13.0% 6.2% 9.8% Q1 FY25 Q4 FY25 Q1 FY26 FY24 FY25 142 2,230 3,418 1,408 7,524 0.6% 6.3% 9.0% 1.2% 5.4% Q1 FY25 Q4 FY25 Q1 FY26 FY24 FY25 63 1,600 2,559 999 5,518 0.3% 4.5% 6.8% 0.9% 4.0% Q1 FY25 Q4 FY25 Q1 FY26 FY24 FY25 8
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Notes: 1. EBITDA includes Other Income 2. All Margins are calculated on Total Income Financial Performance Summary (in Rupees Million) (Rs. Million) Q1 Y-o-Y Q4 Q-o-Q FY Y-o-Y FY2026 FY2025 Growth(%) FY2025 Growth(%) FY2025 FY2024 Growth(%) Revenue from Operations 37,541 23,774 57.9% 34,940 7.4% 1,38,202 1,15,751 19.4% Other Income 273 192 42.3% 421 (35.1)% 1,114 688 61.8% Total Income 37,814 23,966 57.8% 35,362 6.9% 1,39,316 1,16,440 19.6% Cost of Material Consumed 21,505 17,162 25.3% 24,763 (13.2)% 86,604 76,090 13.8% Purchase of Trading goods 15,250 3,964 nm 1,410 nm 16,553 10,551 56.9% Changes in Inventories of Finished Goods, W-I-P & Stock in Trade (9,828) (3,906) - (1,056) nm (827) 3,343 nm Employee benefits expense 599 580 3.3% 689 (13.0)% 2,491 2,298 8.4% Other expenses 5,355 4,504 18.9% 5,663 (5.4)% 20,823 16,989 22.6% EBITDA 4,932 1,663 nm 3,892 26.7% 13,672 7,169 90.7% Margin 13.0% 6.9% 11.0% 9.8% 6.2% EBIT 4,291 1,051 nm 3,261 31.6% 11,154 5,062 nm Margin 11.3% 4.4% 9.2% 8.0% 4.3% PBT 3,418 142 nm 2,230 53.3% 7,524 1,408 nm Margin 9.0% 0.6% 6.3% 5.4% 1.2% Reported Profit After Tax 2,559 63 nm 1,600 59.9% 5,518 999 nm Margin 6.8% 0.3% 4.5% 4.0% 0.9% Basic EPS 3.14 0.08 nm 1.96 60.2% 6.77 1.22 nm 9
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Management Commentary Mr. N Suresh Krishnan Managing Director and CEO 10 PPL delivered a strong financial and operational performance in Q1, aided by favorable rainfall and healthy reservoir levels. Our operational momentum translated into record sales volumes, driven by N-20 and our value-added NPK grades N-10, N-12, and N-19. Year-on-year, sales and production volumes rose 34% and 23%, respectively, reflecting both market demand and our execution strength. Our backward integration projects remain firmly on track, positioning us to further enhance profitability margins over the medium term. At the same time, we continue to demonstrate fiscal discipline, with a lean cash conversion cycle and a healthy net debt-to-equity position. In June, we also secured shareholder approval for our merger with MCFL, which is now advancing through its final regulatory stages. Looking ahead, we remain committed to creating value for our stakeholders by leveraging PPL’s integrated value chain capabilities—from global sourcing and efficient production to expansive distribution and trusted brand equity—to better serve the soils and farmers of India.
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Strategic Update Q1 FY26 11 Capex Projects Merger with MCFL Product Innovation PPL continues to augment its scale, deepen backward integration, and drive product innovation • The successful merger of MCFL is expected to augment PPL’s overall volumes by approximately 23% • Received shareholder approval in June • Final stages of the merger with NCLT motions underway, expected to close within next quarter • N-20 along with valued added NPKs like N-10, N-12, N-19 formed ~ 60% of total product mix • N-20 sales grew 89% YoY in this quarter • Close to 7 Lakh bottles of indigenously developed bio-genic nano fertilizers (nano DAP and nano Urea) sold • Sulphuric Acid: expansion from 1.39 to 1.9 MMTPA is expected to be completed within 2 quarters • Phosphoric Acid: expansion from 0.5 MMTPA to 0.7 MMTPA is poised to support backward integration needs beyond the Paradeep site
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Macro Updates and Raw Material Price Movements NPK 12*These are published indicative prices and not actual for the company CFR India Prices (US$/ton)* 50 250 450 650 850 1050 1250 Q2 FY 25 Q3 FY 25 Q4 FY 25 Q1 FY 26 Q2 FY 26 Phosphoric Acid DAP Ammonia MOP Sulphur Sulphuric Acid Rock Phosphate Q1 Updates • There is a noticeable shift in consumption towards NPKs over DAP during Q1 FY26. • According to FAI estimates, NPKs as a category grew 34% Y oY ,while DAP declined by 19%. • Overall consumption of core fertilizers (Urea, DAP , NPK, MOP) grew 12% Y oY. However, imports fell 16%, led by lower MOP inflows, while domestic production remained stable at prior-year levels. • Raw material prices continued to climb across most commodities, though ammonia and sulphur prices moderated slightly from recent highs. • Government support has been strong through subsidy disbursements, policy interventions, and higher allocations. • Government has budgeted INR 372 billion for phosphatic fertilizer subsidies in H1 FY26, a significant increase from INR 244 billion in the previous year.
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NPK 14:35:14 Nano DAPNano Urea NPK 0:46:0 (TSP) PPL Product Portfolio Well diversified product portfolio to cover the entire range of the non-urea fertilizer market NPK 28:28:0 NPK 10:26:26 NPK 19:19:19 DAP 18:46:0 NPK 12:32:16NPK 20:20:0:13 Core Products Recently Launched Products For more details of our products, please visit : https://www.paradeepphosphates.com/brands-and-products 13
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PPL’s Sales and Distribution Strength PPL Marketing Territory Regional Marketing Offices PPL Corporate Office Manufacturing Units States Covered Regional Marketing Offices Stock Points No. of Dealers No. of Retailers Market Presence 95,000+ 9.5+ Mn 5,600+ PPL 15 23 590+ States Covered Regional Marketing Offices Stock Points No. of Dealers No. of Retailers Farmers Covered PPL is present pan-India. Its continuous channel engagement enhances brand equity and customer loyalty 14
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Farmer Engagement & Brand Development A summary of our brand development activities across farmers, dealers and retailers Activity Q1 FY26 Retailer Meetings 64 Farmer Meetings 1,550 Demonstrations 255 Crop Seminar 62 FPO Farmer meetings 289 Viksit Bharat Sankalp Yatra 606 Wall Paintings 20,000 sq ft Shop Paintings 100 BTL Activities Organized Theme of BTL Activities 15 • FY 2024–25 marked a successful launch of Jai Kisaan Navratna TSP 46% P • During Q1 25-26 we continued to promote it through ATL, BTL and Digital campaigns to reinforce the brand proposition of ‘A boon of 46% phosphorus, gives life to the crops’ • Participated in 10 Agri Fairs across India to promote Jai Kisaan Navratna TSP 46% P
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Digital Engagement with Farmers A glimpse of PPL’s digital engagement with farmers on Meta and Youtube towards flagship product of N-20 and new products like nano-fertilizers, TSP Digital Outreach Platforms Farmer Outreach and Engagement (Million) Farmer Reach 28.3 Total Impressions 73.5 Farmer Engagement 1.3 Video Views 2.0 16
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CSR at PPL The company spent ₹58.4 million in FY 24-25 to create meaningful impact in the communities surrounding its facilities Livelihood & Community Healthcare 5,276 lives touched 41,387 lives touched 480 candidates have been skilled & placed Sewing Machines training provided to 172 women SHG members on livelihood Generation RO water supply set up at Kharigotha benefitting 200 families. Health camps held in Balijhara, Bagadia, Mangarajpur, impacting 1200+ households Rural Sports Promotion Education 3,100 lives touched 9,355 lives touched Electrification of Play ground at Zuarinagar promoting sports in the community Scholarships to 22 meritorious students. Smart boards, school buses, fans, and furniture provided to schools in multiple locations Environment & Biodiversity Rural & Slum Development 12,457 lives touched 4,000+ lives touched •15,000 saplings planted •2 model crematorium work completed in Nuasahi and Kothi villages •1,060 fruit bearing tree planted •1 CC road, 1 culvert, library hall, Vermicompost unit etc. have been developed 17 PPL actively touches over 74,000 lives through its six themed CSR programmes CSR Governance Structure The Board Committee The CSR Committee The CSR Team Long-term vision in building social capital includes : • Agriculture Productivity and Rural Livelihood • Food Security and Nutrition Access • Holistic Nutrition and Health Improvement
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Awards & Recognitions CSR Golden Peacock Award - 2022 Excellence Award by Odisha CSR Forum - 2022 PAP Best Performance Award, FAI - 2022 Awards and Accolades Recognition for “Shared Vision for Better World” by Bureau of Indian Standards Exceed Award 2022 on OSH in Platinum category, Goa 18 Recent Awards and Recognitions Best Annual Report Award - 2023 Best Performing Plant Award at FAI Kalinga Safety Excellence Award FAI Award in Marketing - 2024 Certificate of Accreditation from National Accreditation Board IMC Ramakrishna Bajaj National Quality Award Certificate of Merit 2024 ESG Recognition: S&P CSA have changed to 75
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ZMPPL* 50-50 Joint Venture 56.1 % Promoter Group % PPL Shareholdings^ Paradeep Phosphates Shareholding Pattern: Top Shareholders Foreign Portfolio Investors 13.97% Mutual Funds (DII) 18.18% Others (Retail) 11.81% Promoter group 56.04% Top Shareholders in DII and FII^ % Type SBI MF 5.59 Domestic Nippon MF 4.75 Domestic HSBC MF 3.19 Domestic Morgan Stanley 2.00 Foreign HDFC MF 1.78 Domestic Vanguard 1.75 Foreign ICICI Prudential MF 1.19 Domestic * Zuari Maroc Phosphates Pvt Ltd, ^ Holdings as on June 2025 end in addition to promoters 19 Particulars Jun-22 Jun-25 FIIs 6.70% 13.97% DIIs 22.12% 18.18% Total 28.82% 32.15% The increase in holdings from 28.82% to 32.15% since listing reflect the increasing trust amongst institutional shareholders
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Disclaimer and Contact Information Disclaimer This presentation contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to “Paradeep Phosphates” future business developments and economic performance. While these forward- looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Paradeep Phosphates undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances. For further information please contact: Atul Modi / Simran Malhotra paradeep@churchgatepartners.com Contact: +91 22 6169 5988 20 Susnato Lahiri Jt GM – Strategy, Investor Relations & ESG Paradeep Phosphates Ltd susnato.lahiri@adventz.com Contact : +91 080 46812500 (Ext 533)
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Registered Office : Paradeep Phosphates Limited, 5th Floor, Bayan Bhavan Pandit Jawaharlal Nehru Marg, Bhubaneswar, Odisha, India - 751 001 Thank You Follow us on : www.paradeepphosphates.com