Podcast
Questions and Answers
What is the expected growth rate for the particular segment discussed?
What is the expected growth rate for the particular segment discussed?
- 30%-35%
- 15%-20%
- 10%-15%
- 25%-30% (correct)
What is the projected revenue target for this year mentioned?
What is the projected revenue target for this year mentioned?
- 20-25 crores
- 25-30 crores
- 28-30 crores (correct)
- 30-35 crores
What stage is the process at for the Odisha plant?
What stage is the process at for the Odisha plant?
- Production has commenced
- Land has been allocated and approvals are in progress (correct)
- Construction is completed
- Plans have been canceled
What was the projected PAT for the current year?
What was the projected PAT for the current year?
What revenue is expected from Olive next year?
What revenue is expected from Olive next year?
How many new customers have been onboarded recently?
How many new customers have been onboarded recently?
What does the abbreviation 'PAT' refer to in this context?
What does the abbreviation 'PAT' refer to in this context?
Which of the following best describes the future expansion plans in Odisha?
Which of the following best describes the future expansion plans in Odisha?
What was the revenue generated from Injection-Molding products this year?
What was the revenue generated from Injection-Molding products this year?
By how much was the Injection-Molding capacity increased?
By how much was the Injection-Molding capacity increased?
What investment strategy is being employed for increasing Injection-Molding capacity?
What investment strategy is being employed for increasing Injection-Molding capacity?
What new capabilities have been added to the Injection-Molding machine?
What new capabilities have been added to the Injection-Molding machine?
What is the planned addition of extrusion capacity at the Gujarat unit?
What is the planned addition of extrusion capacity at the Gujarat unit?
What milestone was achieved with Olive Ecopack in March 2024?
What milestone was achieved with Olive Ecopack in March 2024?
Where has land allotment been secured for the company's next growth journey?
Where has land allotment been secured for the company's next growth journey?
What stage is the company currently in with regards to Olive Ecopack?
What stage is the company currently in with regards to Olive Ecopack?
What was the cause of the decrease in margins for Rajshree Polypack Limited in Q4?
What was the cause of the decrease in margins for Rajshree Polypack Limited in Q4?
What amount did Rajshree Polypack Limited incur as an unexpected expense in Q4?
What amount did Rajshree Polypack Limited incur as an unexpected expense in Q4?
What issue led to the additional diesel cost for the Rajshree Polypack Limited plant?
What issue led to the additional diesel cost for the Rajshree Polypack Limited plant?
How did the management respond to the question about the margin decrease during the call?
How did the management respond to the question about the margin decrease during the call?
What structure is being considered for the future by Nuvama Wealth?
What structure is being considered for the future by Nuvama Wealth?
What did Mr. Ramswaroop Thard suggest would be done regarding the JV structure?
What did Mr. Ramswaroop Thard suggest would be done regarding the JV structure?
During the call, how did Mr. Rohit Shah identify his question?
During the call, how did Mr. Rohit Shah identify his question?
What was the response from the moderator when Mr. Rohit Shah asked his question?
What was the response from the moderator when Mr. Rohit Shah asked his question?
What is the expected reduction in the working capital cycle by the next two quarters?
What is the expected reduction in the working capital cycle by the next two quarters?
How much revenue is projected from the export segment for this year?
How much revenue is projected from the export segment for this year?
What was the revenue generated from the barrier packaging segment last year?
What was the revenue generated from the barrier packaging segment last year?
What is the anticipated revenue from barrier packaging for the current year?
What is the anticipated revenue from barrier packaging for the current year?
What aspect of business is the company trying to improve according to Mr. Ramswaroop Thard?
What aspect of business is the company trying to improve according to Mr. Ramswaroop Thard?
What is the timeline for achieving a 100-day working capital cycle?
What is the timeline for achieving a 100-day working capital cycle?
Who is the chairman and managing director of Rajshree Polypack Limited?
Who is the chairman and managing director of Rajshree Polypack Limited?
What was the specific inquiry made by Mr. Suresh Jain regarding the barrier packaging machines?
What was the specific inquiry made by Mr. Suresh Jain regarding the barrier packaging machines?
What is the expected revenue growth for Rajshree Polypack Limited in the next year for plastic packaging?
What is the expected revenue growth for Rajshree Polypack Limited in the next year for plastic packaging?
What is the expected volume growth for Rajshree Polypack Limited?
What is the expected volume growth for Rajshree Polypack Limited?
Which factor was indicated as aiding the increase of margins for Rajshree Polypack Limited?
Which factor was indicated as aiding the increase of margins for Rajshree Polypack Limited?
What strategy is the marketing team of Rajshree Polypack Limited employing to improve realization?
What strategy is the marketing team of Rajshree Polypack Limited employing to improve realization?
What impact is expected due to capacity constraints on volume?
What impact is expected due to capacity constraints on volume?
What was the indication about raw material prices over the last two quarters?
What was the indication about raw material prices over the last two quarters?
What is the expected margin increase that Rajshree Polypack Limited is working towards?
What is the expected margin increase that Rajshree Polypack Limited is working towards?
When are the new capacities expected to start contributing to the revenue of Rajshree Polypack Limited?
When are the new capacities expected to start contributing to the revenue of Rajshree Polypack Limited?
What is the expected EBITDA margin for the current year?
What is the expected EBITDA margin for the current year?
What is the projected PAT excluding JV contribution for this year?
What is the projected PAT excluding JV contribution for this year?
What does Mr. Ramswaroop Thard indicate about raw material prices?
What does Mr. Ramswaroop Thard indicate about raw material prices?
What is the anticipated revenue figure for FY25 as discussed?
What is the anticipated revenue figure for FY25 as discussed?
What type of capacity expansion is being considered?
What type of capacity expansion is being considered?
What is the significance of improved capacity mentioned by Mr. Nikhil Shetty?
What is the significance of improved capacity mentioned by Mr. Nikhil Shetty?
What time frame is Mr. Nikhil Shetty concerned about regarding capacity exhaustion?
What time frame is Mr. Nikhil Shetty concerned about regarding capacity exhaustion?
What aspect of future capacity planning does Mr. Ramswaroop Thard emphasize?
What aspect of future capacity planning does Mr. Ramswaroop Thard emphasize?
Flashcards
Injection Molding
Injection Molding
The process of creating plastic products by injecting melted plastic into a mold.
IML (In-Mold Labeling)
IML (In-Mold Labeling)
A type of injection molding that uses in-mold labeling (IML) to create labels directly integrated into the plastic product.
Toll Manufacturing
Toll Manufacturing
Products manufactured under contract by another company, often for specific production needs or expertise.
Annual Capacity
Annual Capacity
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Renegotiated Job Work Charges
Renegotiated Job Work Charges
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Thermoform Packaging
Thermoform Packaging
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Extrusion
Extrusion
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Adding Thermoforming Capacity
Adding Thermoforming Capacity
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In-Mold Labeling (IML)
In-Mold Labeling (IML)
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Working Capital Cycle
Working Capital Cycle
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Export Revenue
Export Revenue
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Barrier Packaging
Barrier Packaging
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Market Segment Growth Rate
Market Segment Growth Rate
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Onboarding New Customers
Onboarding New Customers
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Expansion Geography
Expansion Geography
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Capital Expenditure (CapEx)
Capital Expenditure (CapEx)
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Business Unit (Olive Ecopack)
Business Unit (Olive Ecopack)
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Gross Value Added (GVA)
Gross Value Added (GVA)
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Profit After Tax (PAT)
Profit After Tax (PAT)
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Revenue Growth Forecast
Revenue Growth Forecast
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Increased Production Capacity
Increased Production Capacity
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Pricing Negotiations
Pricing Negotiations
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Margin Improvement Target
Margin Improvement Target
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Volume Growth Impact
Volume Growth Impact
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Price Negotiations with Customers
Price Negotiations with Customers
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Stable Raw Material Prices
Stable Raw Material Prices
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Significant Volume Growth
Significant Volume Growth
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Raw material price stability
Raw material price stability
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EBITDA Margin for the current year
EBITDA Margin for the current year
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PAT (excluding JV contribution) for current year
PAT (excluding JV contribution) for current year
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Capacity constraints
Capacity constraints
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Future capacity expansion
Future capacity expansion
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Margins and operating leverage
Margins and operating leverage
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Flexibility and economies of scale
Flexibility and economies of scale
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Operational efficiency and profitability
Operational efficiency and profitability
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Study Notes
Earnings Conference Call Transcript
- Date: June 11, 2024
- Subject: Transcript of Q4 & FY24 Earnings Conference Call for Rajshree Polypack Limited
- Purpose: To comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript documents the earnings conference call held June 5, 2024, regarding the financial results for the quarter and year ended March 31, 2024. The transcript is also available on the company's website.
Financial Highlights (FY23-24)
- Turnover: ₹274.39 crores, showing 8.8% growth compared to ₹252.19 crores last year. Growth was driven by 17.56% volume growth, but price realization fell by 10.5% because of lower raw material prices.
- EBITDA: ₹36.77 crores, showing a 3.5% increase over previous year.
- EBITDA Margin: 13.4% (down from 14% prior year), affected by the sharp drop in raw material prices during the first half of FY24.
- Profit After Tax (PAT): ₹9.5 crores (down from ₹10.88 crores previous year). PAT margin was 3.46% compared to 4.31% prior year.
Financial Highlights (Q4 FY24)
- Turnover: ₹69.37 crores, increasing 7% compared to ₹64.8 crores last year.
- EBITDA: ₹9.36 crores (almost the same as the prior year's corresponding quarter).
- PAT: ₹2.38 crores compared to *2.58 crores last year
Export Sales
- Increase: Export sales increased three-fold, reaching ₹42 crores compared to ₹13.5 crores the previous year.
- Countries: Expanded distribution to 13 countries compared to 9 in the previous year; major contributions came from the Middle East, UK, US and Southeast Asia.
- Distributor Network Growth: Efforts to expand the customer base are ongoing.
Injection Molding (IM) Sales
- Significant Increase: Injection Molding (IM) segment revenue increased substantially in FY23-24, reaching ₹20.86 crores (up from ₹4 crores the previous year).
- Capacity Expansion: Plans are in place to increase IM capacity from 1000 metric tons to 3000 metric tons, aimed at facilitating additional production to meet demand.
Capital Expenditure (CAPEX)
- Planned Expansion: Land secured in Odisha with ongoing approval and planned expansions in both extrusion line and thermoforming operations.
- Further Expansion Details: Details regarding new extrusion and thermoform line capacity expansion are forthcoming as the project is in process.
Other Information
- Management Team: Led by Mr. Ramswaroop Thard (Chairman & Managing Director) and Mr. Sunil Sharma (CFO).
- Conference Call: held on Wednesday, June 5, 2024, with Q&A session.
- Additional Points: Discussion of new plant of Olive Ecopack (in commercial production by March 2024); business operations and strategies; product quality, customer relations; and future outlook of the company.
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