Rajshree Polypack Jun-24
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Questions and Answers

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?

  • 20-25 crores
  • 25-30 crores
  • 28-30 crores (correct)
  • 30-35 crores

    • 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?

    <p>Negative ₹2 crores</p> Signup and view all the answers

    What revenue is expected from Olive next year?

    <p>170-180 crores</p> Signup and view all the answers

    How many new customers have been onboarded recently?

    <p>One or two</p> Signup and view all the answers

    What does the abbreviation 'PAT' refer to in this context?

    <p>Profit After Tax</p> Signup and view all the answers

    Which of the following best describes the future expansion plans in Odisha?

    <p>The project is in the initial stages awaiting approvals</p> Signup and view all the answers

    What was the revenue generated from Injection-Molding products this year?

    <p>₹20.86 crores</p> Signup and view all the answers

    By how much was the Injection-Molding capacity increased?

    <p>3X</p> Signup and view all the answers

    What investment strategy is being employed for increasing Injection-Molding capacity?

    <p>Minimum investment in mold bank</p> Signup and view all the answers

    What new capabilities have been added to the Injection-Molding machine?

    <p>IML capabilities</p> Signup and view all the answers

    What is the planned addition of extrusion capacity at the Gujarat unit?

    <p>4000 metric tons per annum</p> Signup and view all the answers

    What milestone was achieved with Olive Ecopack in March 2024?

    <p>Commercial production commencement</p> Signup and view all the answers

    Where has land allotment been secured for the company's next growth journey?

    <p>Odisha</p> Signup and view all the answers

    What stage is the company currently in with regards to Olive Ecopack?

    <p>Market seeding stage</p> Signup and view all the answers

    What was the cause of the decrease in margins for Rajshree Polypack Limited in Q4?

    <p>Unexpected expense of ₹70 lakhs towards diesel</p> Signup and view all the answers

    What amount did Rajshree Polypack Limited incur as an unexpected expense in Q4?

    <p>₹70 lakhs</p> Signup and view all the answers

    What issue led to the additional diesel cost for the Rajshree Polypack Limited plant?

    <p>A technical breach in power supply</p> Signup and view all the answers

    How did the management respond to the question about the margin decrease during the call?

    <p>By highlighting the unexpected expenses</p> Signup and view all the answers

    What structure is being considered for the future by Nuvama Wealth?

    <p>A joint venture (JV) structure followed by a subsidiary addition</p> Signup and view all the answers

    What did Mr. Ramswaroop Thard suggest would be done regarding the JV structure?

    <p>They would consult the legal team for the best approach</p> Signup and view all the answers

    During the call, how did Mr. Rohit Shah identify his question?

    <p>He asked about margin decreases specifically in Q4</p> Signup and view all the answers

    What was the response from the moderator when Mr. Rohit Shah asked his question?

    <p>The moderator confirmed that he was audible</p> Signup and view all the answers

    What is the expected reduction in the working capital cycle by the next two quarters?

    <p>10-12%</p> Signup and view all the answers

    How much revenue is projected from the export segment for this year?

    <p>60 crores</p> Signup and view all the answers

    What was the revenue generated from the barrier packaging segment last year?

    <p>Rs. 21.5 crores</p> Signup and view all the answers

    What is the anticipated revenue from barrier packaging for the current year?

    <p>Rs. 28 to Rs. 30 crores</p> Signup and view all the answers

    What aspect of business is the company trying to improve according to Mr. Ramswaroop Thard?

    <p>Export revenue</p> Signup and view all the answers

    What is the timeline for achieving a 100-day working capital cycle?

    <p>In four quarters</p> Signup and view all the answers

    Who is the chairman and managing director of Rajshree Polypack Limited?

    <p>Ramswaroop Thard</p> Signup and view all the answers

    What was the specific inquiry made by Mr. Suresh Jain regarding the barrier packaging machines?

    <p>Revenue generated last year</p> Signup and view all the answers

    What is the expected revenue growth for Rajshree Polypack Limited in the next year for plastic packaging?

    <p>15%</p> Signup and view all the answers

    What is the expected volume growth for Rajshree Polypack Limited?

    <p>25%</p> Signup and view all the answers

    Which factor was indicated as aiding the increase of margins for Rajshree Polypack Limited?

    <p>Engagement with customers</p> Signup and view all the answers

    What strategy is the marketing team of Rajshree Polypack Limited employing to improve realization?

    <p>Engaging with customers for better prices</p> Signup and view all the answers

    What impact is expected due to capacity constraints on volume?

    <p>Volume will come down</p> Signup and view all the answers

    What was the indication about raw material prices over the last two quarters?

    <p>They have remained stable</p> Signup and view all the answers

    What is the expected margin increase that Rajshree Polypack Limited is working towards?

    <p>1-2%</p> Signup and view all the answers

    When are the new capacities expected to start contributing to the revenue of Rajshree Polypack Limited?

    <p>In H2 of the next year</p> Signup and view all the answers

    What is the expected EBITDA margin for the current year?

    <p>14 ± 0.5%</p> Signup and view all the answers

    What is the projected PAT excluding JV contribution for this year?

    <p>Rs. 14 to 15 crores</p> Signup and view all the answers

    What does Mr. Ramswaroop Thard indicate about raw material prices?

    <p>They are stable and range-bound.</p> Signup and view all the answers

    What is the anticipated revenue figure for FY25 as discussed?

    <p>Rs. 318 to 320 crores</p> Signup and view all the answers

    What type of capacity expansion is being considered?

    <p>Small additional capacity in the current location</p> Signup and view all the answers

    What is the significance of improved capacity mentioned by Mr. Nikhil Shetty?

    <p>It can result in better margins due to operating leverage.</p> Signup and view all the answers

    What time frame is Mr. Nikhil Shetty concerned about regarding capacity exhaustion?

    <p>Next two or three quarters</p> Signup and view all the answers

    What aspect of future capacity planning does Mr. Ramswaroop Thard emphasize?

    <p>Evaluating options before making decisions</p> Signup and view all the answers

    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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    Related Documents

    Rajshree Polypack Limited Q4 & FY24 Earnings Conference Call June 5, 2024 PDF

    Description

    Test your knowledge on the expected growth rates, revenue targets, and expansion plans discussed in the recent business review. This quiz covers key metrics such as projected PAT, customer onboarding, and capacity expansions of the company. Delve into the strategic milestones achieved and learn about future plans in the Odisha and Gujarat units.

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