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Result Presentation
Q2 & H1 FY17
Safe Harbor
This presentation and the accompanying slides (the Presentation), which have been prepared by Filatex India Limited (the
Company) 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 what so ever. 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.
Certain matters discussed in this Presentation may contain statements regarding the Companys market opportunity and
business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are
not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are
difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and
of the economies of various international markets, the performance of the industry in India and world-wide, competition, the
companys ability to successfully implement its strategy, the Companys future levels of growth and expansion, technological
implementation, changes and advancements, changes in revenue, income or cash flows, the Companys market preferences
and its exposure to market risks, as well as other risks. The Companys actual results, levels of activity, performance or
achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company
assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking
statements and projections made by third parties included in this Presentation are not adopted by the Company and the
Company is not responsible for such third party statements and projections.
Quarterly Highlights
EBIDTA
+15% YoY
+64% YoY
Rs 383Cr
Rs 34 Cr
+270 bps
9.0 %
4
PAT
+198%
Rs 11 Cr
+180 bps
3.0 %
YoY
Total Income
734
EBIDTA
Margin
80
65
70
630
PAT
15
42
40
30
20
10
6.7%
8.9%
10
H1FY16
H1FY17
4.0%
H1FY16
21
20
60
50
Margin
25
H1FY17
7
1.1%
2.9%
0.0%
H1FY16
H1FY17
Debt Structure
Rs In Cr
Networth
Debt
269
455
210
March 2016
474
September 2016
March 2016
September 2016
- Working Capital: Rs 78 Cr
Q2 FY17
Q2 FY16
YoY
H1FY17
H1FY16
YoY
FY16
382
332
15%
732
628
16%
1,276
Total Income
383
332
734
630
303
280
583
522
1,052
Employee Cost
12
23
18
40
Other Cost
33
22
63
47
99
EBITDA
34
21
65
42
9.0%
6.3%
8.9%
6.7%
6.9%
Other Income
10
Depreciation
14
10
21
Interest
15
12
28
25
51
15
29
11
Exceptional Items
Tax
11
21
3.0%
1.2%
2.9%
1.1%
2.1%
2.6
1.2
4.8
2.2
8.1
EPS (Rs)
15%
64%
166%
198%
3
17%
55%
160%
200%
1,278
88
26
26
Sep-16
Mar-16
269
210
Share capital
44
Sep-16
Mar-16
Non-current assets
614
526
32
Fixed assets
592
510
226
178
Non-current Investments
21
14
Non-current liabilities
367
340
336
317
Current Assets
402
355
Long-Term Provisions
31
23
Current Investments
Current liabilities
380
331
Inventories
113
99
138
138
Trade receivables
249
216
Trade Payables
155
120
16
13
86
72
14
21
Short-term provisions
10
1,016
881
1,016
881
Shareholders Funds
Rs. Crore
Total Assets
23%
1%
14.5%
15%
3%
26%
32%
85.5%
DTY (32%)
FDY (23%)
Others (1%)
Domestic
Export
Corporate Overview
11
01
02
03
04
05
Incorporated in
August 1990
1990
Commenced
production of
monofilament yarns at
Noida
Commenced production of
FDY of 115 TPD;
Capacity increase in Drawn
Textured Yarn Commenced
production of 200 TPD in
September 2016
Commenced production
of Fully Drawn Yarns
(FDY) in Dadra plant
using latest machines
from Barmag, Germany
2008
1996
1994
12
1998
Started production of
Polypropylene (PP)
Multifilament dope
dyed Yarn at Dahej
2016
2012
Started poly-condensation
plant envisaging 600 TPD of
Poly-condensation and 250
TPD of POY at Dahej
2017-18
Planning capacity
expansion of 300 TPD at
Dahej plant by adding
Bright Polyemerisation of
FDY, POY and Chips at
Dahej Plant expect
commercial production in
15-18 months
Vast experience in Marketing, Project Management, Corporate Planning & Business Strategies
13
Commerce Graduate from Shri Ram College of Commerce, Delhi, Fellow Member of ICAI
Over 35 years experience in various field viz. Accounts, Finance, Taxation and Management
Products
Capacity (MTPA)
Location
110,000
Polypropylene Yarns
7,500
Dadra
Polyester Chips
64,000
Dahej
Noida
Dahej
Fully Drawn Yarns
55,000
74,400*
2,500**
Dadra
500
Noida
Dadra
Dahej plant capacity to increase from existing 600 TPD to 900 TPD
14
15
Description
Largely used in shirtings & suitings, sarees, lehengas, dress material etc
16
Polypropylene Yarns
Used for socks, tights, car upholstery, ribbons, nets, swim wear, sportswear,
undergarments, seamless garments, etc
Polyester Chips
FDY can be used directly for making fabrics; yields higher than POY
1.
2.
3.
17
Growth Strategies
19
01
02
03
04
20
Capacity addition of
Bright FDY 190 TPD, Bright POY 25 TPD, Bright Chips 85 TPD
Total estimated Capex of Rs 343 Crores to be funded with Debt &
Internal accruals
MEG
PET Monomer
324,000 TPA
Polyester Chips
84,000 TPA
Polyester POY
90,000 TPA
Bright Polyester
Chips 30,600 TPA
Captive
consumption at
Dadra 20,000 TPA
21
Poly POY
20,000 TPA
Captive
consumption at
Dadra 13,600 TPA
Sold to Market
Bright Chips
17,000TPA
27%
31.06%
January 2018
1%
3%
23%
Expected commencement
of production of
new
capacity of Bright POY,
FDY & Chips 300 TPD
capacity
46%
Polyester Chips
POY
FDY
Polypropyelene POY
Others
DTY
39%
September 2016
Commencement full capacity of
115 TPD of Fully Drawn Yarn
(FDY)
and 200 TPD of Draw
Textured Yarn (DTY)
67 %
Value Added
Products
33%
28%
Bright FDY, POY & Chips
Semi-Dull FDY & DTY
Others
Thank You
For further information, please contact:
Company :
www.stellar-ir.com
23