IOL Chemicals and Pharmaceuticals Limited Investor ......Incorporated in 1986, IOLCP is one of the...
Transcript of IOL Chemicals and Pharmaceuticals Limited Investor ......Incorporated in 1986, IOLCP is one of the...
IOL Chemicals and Pharmaceuticals Limited
Investor Presentation
June 2021
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Disclaimer
This information may contain certain forward-looking statements/details in the current scenario, which is
extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances,
achievements or sequence of events may be materially different from the views expressed herein.
Investors/shareholders/public are hence cautioned not to place undue reliance on these statements/details, and
are advised to conduct their own investigation and analysis of the information contained or referred to in this
section be before taking any action with regard to their own specific objectives. Further, the discussion following
here in reflects the perceptions on major issues as on date and the opinions expressed here are subject to change
without notice. The Company under takes no obligation to publicly update or revise any of the opinions or forward-
looking statements expressed in this section, consequent to new information, future events or otherwise.
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About IOL Chemicals and Pharmaceuticals Limited
To be amongst the most admired companies in APIs, Intermediates and Specialty
Chemicals globally.
To provide top quality products in APIs, Intermediates and Specialty Chemicals through
continuous innovation and cutting-edge technology with due regards to safety and
environment.
We, at IOLCP, believe values bring character to any organization
that help leaders to guide teams for a culture of excellence
through continuous improvements.
Values
Incorporated in 1986, IOLCP is one of the leading Pharmaceuticals company and is a significant player in the field
of specialty chemicals with world class facilities
Catering to the top-tier players across diverse important industries like
pharmaceuticals, ink industry, flexible packaging, adhesives, surface
coatings, flavours, paints & lamination and essences etc.
Captive co-generation unit with capacity of 17 MW to meet power and
steam requirements
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Key Highlights
Team size of 2,000+
employees
Debt free company,
No debt raised since 2017
Largest producer of
Ibuprofen and the only
company worldwide being
backward integrated with
~35% Global share
Zero Discharge Effluent
Treatment Plant
Largest producer of Ethyl
Acetate at Single Location
in India
Spread over a sprawling
campus of over 100 acres
2nd Largest producer of
Iso Butyl Benzene (IBB)
with ~30% Global share
Customer base across 80
countries
Over 20 products are
commercialised with 8
products in pipeline
Credit Rating: A, outlook;
stable (Care Ratings
Limited)
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Professional Management Team
Dr. Sanjay is a seasoned global business executive
having worked in the specialty chemicals and
pharmaceutical industry for over 25 years in
companies like Praj Industries, Dr. Reddy’s,
Aurobindo among few others. He brings a
demonstrated track record along with functional
expertise in Sales, Marketing, Strategy,
Manufacturing and R&D in USA and in India.
Dr. Sanjay Chaturvedi
(Chief Executive
Officer)
Mr. Varinder is an industrialist and has wide and rich
experience of more than 35 years in the chemical &
fertilizer industry and along with a comprehensive
approach and strong Pharma API industry oversight
has paved a way for innovation and excellence.
Varinder Gupta
(Managing Director)
Mr. Vikas is academically equipped with the
knowledge and possesses organizational capacity. He
has worked in strategic department of the company
and played a main role in guiding the Chemical and
Pharmaceutical business of the company. He has
been vital to the functioning of the company over
the last 7 years.Vikas Gupta
(Executive Director)
Kushal Kumar Rana
(Director – Works)
Mr. Kushal comes from a strong technical background
having done his Bachelor’s in Chemistry, Physics,
Math and Master’s degree in Chemistry. He has a rich
experience of over 30 years in the pharmaceutical
industry in companies like Morepen Laboratories,
Chemiplast Industries His expertise lies in looking
after quality assurance, quality control & corporate
regulatory affairs.
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Experienced Independent Directors
• Mr. Rajender has very distinguished career
of four decades.
• He had held top and significant decision-
making positions in Banks, Financial
Institutions & NBFCs.
• In his most recent executive roles, he was
MD & CEO of PTC India Financial Services
Limited (PFS), and prior to that CMD of
IDBI.
Rajender Mohan Malla
(Chairman and Independent
Director)
• Dr. Sandhya is working as the principal of
Guru Nanak Institute of Management &
technology, Ludhiana and has vast 22 year
experience to her credit.
• She has published seven books in addition
to numerous papers published in reputed
National & international Journals.
Dr. Sandhya Mehta
(Independent Director)
• Mr. Harpal has had over 35 year's
experience of banking and financial
services.
• Most recently he was General Manager of
Punjab National Bank and headed entire
operations of bank in State of Punjab from
2010 to 2015.
Harpal Singh
(Independent Director)
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Our Journey
2021
Unit-08 for Multi
Products 2020
Unit-07 Metformin
(Dedicated)2019
Unit-06 for Pantoprazole
(Dedicated) 2018
Unit-04 Metformin
(Dedicated)
Unit-05 Clopidogrel
& Fenofibrate
2012
Unit-02 for Ibuprofen
(Dedicated)2016
Unit-03 for new
product facility
1996
Commenced Ethyl
Acetate
1999
Commenced Acetic
Anhydride2000
Production of
Ibuprofen
2007
Unit-01 Ibuprofen
(Dedicated)
Co-Generation
Plant – 4MW2009
Commencement of
IBB, MCA and Acetyl
Chloride
2010
Listing on NSE
Co-Generation
Plant – 13MW
1986
Incorporated with
Acetic Acid Plant
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Certifications and Accreditations
Approved USFDA Ibuprofen
facility since 2015,
recertified in 2019
EUGMP Certification in
2013, 2017 &
Recertification in 2020
Certificate of Suitability
from EDQM for
IBUPROFEN, CEP No. 316-
2008
Certificate of Suitability
from EDQM for
LAMOTRIGINE, CEP No.
066-2013
Certificate of Suitability
from EDQM for
FENOFIBRATE CEP No. 075
2018
Written confirmation from
CDSCO for Ibuprofen,
Metformin, Lamotrigine,
Fenofibrate Clopidogrel
WHOGMP (COPP) for
Ibuprofen, Metformin,
Lamotrigine, Fenofibrate
& Clopidogrel, UDCA &
Pantoprazole Sodium
EDMF submitted to EDQM
for Clopidogrel Hydrogen
Sulfate
Certificate of Suitability
from EDQM for
METFORMIN, CEP No. 188-
2013
ISO 9001:2015, 14001:2015
& 45001:2018Certificate of Suitability
from EDQM for
Clopidogrel, CEP No. 006-
2019
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Product
Segmentation
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Business Segment – Pharmaceuticals
Product application across various therapeutic areas
IOLCP is the largest producer of Ibuprofen with ~35% Global share and the only company worldwide being
backward integrated for all Intermediates and Key Starting Material of Ibuprofen
Added more than 7 new
products in its API portfolio
basket in last two years
Product portfolio that
caters to over 7
therapeutic category
Among the largest
producer of Metformin in
world
Pain
Management
Anti –
Diabetic
Anti –
PlateletAnti –
Cholestrol
Anti –
Convulsant
Anti –
Cholelithic
Proton
Pump Inhibitor
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Pharmaceuticals Product Portfolio – Commercialized & Pipeline
API - Commercialized
Ibuprofen
Ibuprofen Lysinate
Ibuprofen Sodium
Dex-Ibuprofen
Metformin HCL
Clopidogrel Bisulphate (Form II)
Pantoprazole Sodium
Fenofibrate (Micronised)
Gabapentin
Lamotrigine
Ursodeoxycholic Acid
Losartan Potassium
Levetiracetam
API - Pipeline
Fexofenadine
Quetiapine Fumarate
Dextromethorphan
Apixaban
Mesalazine
Nebivolol
Lisinopril
Valsartan
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Pharmaceuticals Product wise Segmentation – Quarterly & Annually
MetforminIbuprofen PantaprazoleClopidogrel
Bisulphate
Other Pharma
Products
Q4FY21
77%
12%
4%5% 4%
Q4FY20
85%
6%
3%2% 4%
FY21
82%
8%
4%3% 3%
FY20
86%
6%2%
1% 5%
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Business Segment – Specialty Chemicals
Pharma Textiles Paints PesticidesFlexible
Packaging
Chemical
Intermediate
InkFood
Processing
Product application across diversified industries
IOLCP first commenced manufacturing Ethyl Acetate in 1996, with a starting capacity of 3000 tonnes per annum. Today, the Company
has grown this business to become the largest single location plant in India, with a production capacity of 100,000 tonnes per annum.
IBB, MCA and Acetyl
Chloride are key
starting materials for
Ibuprofen
Asia’s first continuous
dual technology (green
chemistry) plant for
MCA and Acetyl
Chloride
Captive consumption of
Mono Chloro Acetic Acid
with 7,200 TPA capacity
India’s second largest
manufacturer for Iso
Butyl Benzene (IBB)
with ~30% global share
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Chemicals Product wise Segmentation – Quarterly & Annually
Other ChemicalsEthyl Acetate
Q4FY21
82%
18%
Q4FY20
75%
25%
FY21
76%
24%
FY20
76%
24%
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Manufacturing Facility spread across over 100 acres with GMP approved guidelines
API manufactured in batch manner and
intermediates & Specialty chemicals in
continuous product delivery manner based
on DCS technology
Dedicated blocks involved in manufacturing
of APIs
Facility is coupled with ISO class-8 HVAC
system, PSA Nitrogen & Purified water along
with 127 MTPH steam generation capacity
with multiple boilers
Manufacturing facilities involves – Reactions,
Filteration, Centrifugation, Drying, Blending
& Sieving, Micronization operation
Four stage treatment zero discharge ETP,
solvent recovery plants & EHS cell as a part
of the facility
Dedicated decentralized utilities from -20 to
275 deg.C temp and dedicated co-
generation plant of 17MW
Research & Development
DSIR approved facility for
research & development
R&D facility is in action
24*7
Working on generic
molecules with latest
equipment & techniques for
process development
In-house development of
multi step products
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Our Core Sustainability Pillars
Corporate Social Responsibility
• Construction and renovation of school locations,
provided technical equipment for smart education
• Primary healthcare including sanitation
• Disaster relief by eradicating hunger, poverty and
malnutrition
• Community development by setting up old age
homes and community mentally retarded home
• Protection of art and culture
• Plantation in villages for restoration to environment
• Trust/Contribution
Environment
• Strive to minimize the adverse impact on
environment, health and Safety by upgrading
technology, optimum utilization of resources and
minimizing effluent / waste generation.
• Complying with the applicable statutory and legal
requirements and providing safe working
environment / work place by imparting training to
all employees.
• Spread awareness about the EMS and Process Safety
and necessary PPE.
Oxygen plant donated by IOLCP to the
Civil Hospital Barnala
Oxygen concentrators donated by
IOLCP
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Financial
Overview
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Key Financial Summary
Financial
Summary
(INR Cr)
Q4FY21
All Profits and Total Income include Other Income
Q4FY20 FY21 FY20
466 447 1991 1910Total Income
189 204 888 845Gross Profit
75 90 445 361PAT
117 142 616 590EBITDA
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5 years Financial Performance - Annually
Segmental EBIT %
Revenues & Margins* – Annual Margin* Expansion – Over the Years
*All Profits and Total Income include Other Income
712
990
1,696
1,910 1,991
33%30%
38%
44%45%
15%13%
25%
31% 31%
1%3%
14%
19%
22%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
FY17 FY18 FY19 FY20 FY21Total Income Gross Profits % EBITDA % PAT %
33%
15%
1%
12%
16%
21%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
FY17 Incr. FY21 FY17 Incr. FY21 FY17 Incr. FY21
45%
31%
22%
Gross %
EBITDA %
PAT %
19%
14%
32%
43%39%
1%
5%
4%
12%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
FY17 FY18 FY19 FY20 FY21
Pharma(LHS) Chemicals (RHS)
Debt/Equity
2.4
2.0
0.6
0.1 -0.0
0.5
1.0
1.5
2.0
2.5
0
200
400
600
800
1,000
1,200
1,400
FY17 FY18 FY19 FY20 FY21
Debt (INR Crs) Equity (INR Crs) Debt/Equity
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5 years Geographical Segmental Breakup - Annual
In INR crs
*FY21 Covid Impact
484
633
1,038
1,250 1,354
227
350
647 644 613
-
200
400
600
800
1,000
1,200
1,400
1,600
FY17 FY18 FY19 FY20 FY21*
Domestic Export
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Financial Summary – Balance Sheet
Balance Sheet (INR Crs) FY17 FY18 FY19 FY20 FY21
Shareholder's Funds 189 216 474 813 1260
Debt 446 422 284 56 -
Other Long Term Liabilities 17 34 21 80 59
Other Current Liabilities 165 181 163 221 291
Equity & Liabilities 817 852 942 1170 1610
Fixed Assets 395 413 439 488 561
Other Non Current Assets 9 15 15 11 27
Non Current Assets 404 427 454 499 588
Investments 0.1 0.1 0.1 0.1 1.2
Cash & Bank Balances 17 17 30 155 365
Other Current Assets 397 407 458 516 656
Current Assets 414 425 488 671 1022
Assets 817 852 942 1170 1610
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Financial Summary – Statement of Profit and Loss
P&L (INR Crs) FY17 FY18 FY19 FY20 FY21 Q4FY20 Q4FY21
Revenues 711 983 1,685 1,894 1,967 442 460
Other Income 1 7 11 16 24 5 6
Total Income 712 990 1,696 1,910 1,991 447 466
Gross Profits 234 294 648 845 888 204 189
Gross Profits %* 33% 30% 38% 44% 45% 46% 40%
EBITDA 104 126 420 590 616 142 117
EBITDA %* 15% 13% 25% 31% 31% 32% 25%
Depreciation 30 30 32 36 39 9 10
EBIT 74 96 388 554 577 133 107
EBIT %* 10% 10% 23% 29% 29% 30% 23%
Interest 68 64 52 21 6 3 1
EBT 6 32 336 533 571 130 106
Taxes 1 4 99 172 126 40 31
PAT 5 28 237 361 445 90 75
PAT %* 1% 3% 14% 19% 22% 20% 16%
*All Profits includes Other Income
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Shareholder Information
IOLCP Stock Price vs Sensex
Stock Data (As on 31st March, 2021)
Market Capitalization (₹) 3,232Crs
Face Value(₹) 10
Share Price (₹) 550
EPS (₹) 76
52-Week High (₹) 898
52-Week Low (₹) 174
Symbol(NSE/BSE) IOLCP | 524164
Shareholding Pattern (%)
0
50
100
150
200
250
300
350
400
450
500
Apr 2020 Jul 2020 Oct 2020 Jan 2021 Apr 2021
Sensex IOLCPJun 2021
41.9%
2.9%
55.2%
43.7%
6.0%
50.3%
Promoter Institutional Others
FY20 FY21
For further details:
Mr. Pardeep Kumar Khanna , CFO
Email: [email protected]
Phone: +91-161-2225531-35
Thank You