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END
TOEND
SOLU
TION
SACROSS
THE
VALU
ECHA
IN
To be the world's best integrated textile solutions enterprisewith leadership position across products and markets,
exceeding customer & stakeholder expectations.
The barometer ofour success would bereflected byour ROCE
WEWILL:
Maximizepeople development initiativesOptimizeuseofall resources
Becomea process driven organization
Exceedcompliance andglobal quality standards
Actively explore potential market& products
Offer innovative, customized and value added services toourcustomers
Bea knowledge leader& aninnovator inour businesses
Be an ethical, transparent and responsible globalorganization
Alok Mission
Alok Vision
Celebrating 25 Years 1986-2011
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1TMIntegrated Textile Solutions
PERFORMANCE HIGHLIGHTS
BUSINESS HIGHLIGHTS: FOR THE QUARTER ENDED 31 MAR 2011
Sales at Rs. 2,202.90 crore
An increase of 49.74% over quarter ended 31 Mar 2010 (Rs. 1471.13 crore)
Sequential growth of 36.61% over Q3 2010-11
Exports at Rs. 570.11 crore
Compared to Rs. 607.60 crore during Q4 2009-10: a drop of 6.17%
EBIDTA at Rs. 558.75 crore
Growth of 30.00% over corresponding quarter in 2010-11 (Rs. 429.80 crore)
Quarter on quarter growth of 19.35%
PAT at Rs. 160.05 crore
An increase of 67.89% over Q4 2009-10 (Rs. 95.33 crore)
Growth of 76.81% over the previous quarter (Rs.90.52)
BUSINESS HIGHLIGHTS: FOR THE TWELVE MONTHS ENDED 31 MAR 2011
Sales at Rs. 6,365.95 crore
An increase of 47.66% over year ended 31 Mar 2010 (Rs. 4,311.17 crore)
Exports at Rs. 2,206.56 crore
Increase of 41.54% over corresponding twelve-month period (Rs. 1,558.99 crore)
EBIDTA at Rs. 1,770.74 crore
Growth of 39.16% over year ended 31 Mar 2010 (Rs. 1,272.48)
At 27.82% of sales (29.52% of sales during 2009-10)
PAT at Rs. 376.88 crore
52.38% increase over year ended 31 Mar 2010 (Rs. 247.34 crore)
At 5.92% of sales (5.74% during the previous year)
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2 Celebrating 25 Years 1986-2011
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MAR 2011
PARTICULARS 4th QUARTER ENDED TWELVE MONTHS ENDED
31.03.2011[3 months]
(Provisional)
31.03.2010[3 months]
(Provisional)
31.03.2011[12 months](Provisional)
31.03.2010[12 months]
(Audited)
1. Net Sales / Income from operations 2,202.90 1,471.13 6,365.95 4,311.17
2. Other Income 0.93 1.69 4.96 64.023. Total Income 2,203.83 1,472.82 6,370.91 4,375.19
4. Total Expenditure 1,645.08 1,043.02 4,600.17 3,102.71
a] (Increase) / Decrease in Stock in trade and work inprogress
(77.75) (172.20) (314.25) (333.82)
b] Consumption of raw material 1,306.62 849.55 3,628.29 2,338.81
c] Employee Cost 55.61 46.95 197.15 153.73
d] Other Expenditure 360.60 318.72 1,088.98 943.99
Prot Before Interest & Depreciation 558.75 429.80 1,770.74 1,272.48
5. Depreciation 160.00 102.78 524.43 362.61
6. Interest 159.11 181.61 681.98 535.087. Prot from ordinary activities Before Tax 239.64 145.41 564.33 374.79
8. Provision for Tax Current 47.76 24.72 112.47 62.70
MAT Credit 0.00 0.00 0.00 -34.26
Deferred 31.83 25.85 74.98 99.01
Fringe Benet Tax 0.00 -0.49 0.00 0.00
Net Prot from ordinary activities after Tax 160.05 95.33 376.88 247.34
9. Extra ordinary items (Net of tax) 0.00 0.00 0.00 0.00
10. Net Prot for the period 160.05 95.33 376.88 247.34
11. Paid up Equity Share Capital (Face Value Rs.10/- per
equity Shares)
787.78 787.79 787.78 787.79
12. Reserve excluding revaluation reserves (as perBalance Sheet of previous accounting year)
1,928.40 1,410.39 1,928.40 1,928.40
13. Earning Per Share (Rs.)
Basic 2.03* 1.60* 4.78 4.57
Diluted 2.03* 1.59* 4.78 4.57
14. Aggregate of public share holdings
- Number of Shares 56,44,21,927 56,44,21,927 56,44,21,927 56,44,21,927
- Percentage of Shareholding 71.65% 71.65% 71.65% 71.65%
15. Promoter & Promoter Group Shareholding
a) Pledged/Encumbered- Number of Shares 15,24,27,640 20,30,65,454 15,24,27,640 20,30,65,454
- Percentage of Shares (as a % of the totalshareholding of promoter and promoter group)
68.24% 90.91% 68.24% 90.91%
- Percentage of Shares (as a % of the total sharecapital of the Company)
19.35% 25.78% 19.35% 25.78%
b) Non- encumbered
- Number of Shares 7,09,48,711 2,03,10,897 7,09,48,711 2,03,10,897
- Percentage of Shares (as a % of the totalshareholding of promoter and promoter group
31.76% 9.09% 31.76% 9.09%
- Percentage of Shares (as a % of the total share
capital of the Company)
9.01% 2.58% 9.01% 2.58%
*Not annualised
(Rs. Crore)
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3TMIntegrated Textile Solutions
NOTES:
1. The above results have been reviewed by the Audit Committee and taken on record by the Board of Directorsof the Company at their meeting held on 29 April 2011. The same are subject to Limited Review by the statutoryauditors of the Company.
2. For the Quarter: Total Income has increased by 49.63% over the corresponding quarter of the previous year to
reach Rs. 2,203.83 crore. Domestic sales increased by 89.08% over Q4, 2009-10 to reach Rs.1,632.79 crore,while export sales was Rs.570.11 crore.
For the Year: Total Income has increased by 46.61% over the previous year to reach Rs.6,370.91 crore.Domestic sales increased by 51.13% over 2009-10 to reach Rs.4159.39 crore, while export sales increased by41.54% from Rs. 1,558.99 crore in 2009-10 to Rs.2,206.56 crore.
3. No. of investor complaints at the beginning of the quarter were NIL, received during the quarter were 38,disposed off during the quarter were 38 and lying unsolved at the end of the quarter were NIL.
4. The entire operations of the Company relate to only one segment viz., textiles. The risk and returns are generallyperceived by the management to be the same for all units and thus treated as one segment.
5. The gures of previous quarter/year have been reclassied/ regrouped wherever necessary to correspond with
those of the current quarter/year.
By order of the Board
ForALOK INDUSTRIES LIMITED
Sd/-
DILIP B. JIWRAJKA
Managing DirectorPlace: Mumbai
Date: 29 April 2011
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4 Celebrating 25 Years 1986-2011
Rights Issueof FCDsof Rs. 51crores.
TurnoversurpassesRs. 550
crores
Expansion ofweaving andwider widthprocessingcapacitiesunder TUFSof Rs.225crores
Turnoverof Rs. 350crores
Rights Issueof Rs. 14.98crores
Turnoverof Rs.100crores
IPO of Rs.4.50 crores
Incorporation
Collaborationwith Grabher,
Austria to formGrabal AlokImpex Ltd. formanufacture ofembroidery
Private
placement ofRs. 15 croresto CenturyDirect Fund(Mauritius)
1986 1993 1995 1996 1997 1998 2000 2001 2002
MAJOR MILESTONES OF LAST 25 YEARS
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6 Celebrating 25 Years 1986-2011
KEY FINANCIAL INDICATORS SINCE INCEPTION TO FY 2011
(Rs. Crore)
PARTICULARS31.03.2011 31.03.2010 31.03.2009 31.03.2008 31.03.2007 31.03.2006 31.03.2005 31.03.2004 31.03.2003 31.03.2002
(12 months) (Prov.) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months)
Net Sales 6365.95 4311.17 2976.93 2170.41 1824.68 1420.70 1224.50 1068.85 795.41 564.97
Export Sales (2206.56) (1558.99) (1054.5) (1036.89) (641.71) (394.55) (306.53) (111.48) (26.620 (21.65)
EBITDA 1770.74 1272.48 822.61 547.75 410.96 301.26 244.53 198.40 137.14 98.14Prot after Tax (PAT) 376.88 247.34 188.37 167.73 135.18 109.21 89.25 71.08 42.31 37.91
Net Cash accruals 901.31 688.93 496.7 366.86 273.75 190.50 118.89 98.86 61.54 51.22
Equity Share Capital 787.78 787.79 196.97 187.17 170.37 157.47 134.02 88.23 87.69 42.29
Reserves 2305.28 1928.4 1410.39 1134.01 854.07 650.06 460.73 218 161.58 140.85
Application Money/Warrants - - 147.70 110.16 - - 3.32 21.42 - 51.03
Deferred Tax 481.96 406.98 307.97 210.48 141.82 100.1 75.1 50.52 36.33 2.64
Tangible Net Worth 3575.02 3123.17 2063.03 1641.82 1166.26 907.63 673.17 378.17 285.6 236.81
Gross Block 10451.21 8215.61 6692.71 4368.05 2954.2 2121.89 1047.57 690.84 453.59 355.04
Net Block 8452.45 7145.11 5983.86 3891.3 2583.8 1874.24 879.27 579.53 380.39 307.3
Total Borrowings 9740.63 8509.68 6596.35 5767.31 3336.76 2212.5 1403.24 902.09 549.17 401.51
G.P. to Net Sales (%) 27.82% 29.52% 27.63% 25.24% 22.52% 21.21% 19.99% 18.56% 17.24% 17.37%
PAT to Net Sales (%) 5.92% 5.74% 6.33% 7.73% 7.41% 7.69% 7.29% 6.65% 5.32% 6.71%
Return on Capital Employed 11.69% 9.52% 8.20% 6.96% 8.41% 8.33% 10.90% 13.89% 14.03% 13.37%
Net Debt: Equity 2.40 2.28 3.03 2.49 2.19 1.85 1.35 1.97 1.84 1.62
Dividend (%) *- 2.50% 7.50% 12.00% 14.00% 12.00% 12.00% 10.00% 10.00% 10.00%
EPS 4.78 4.57 9.64 11.4 9.7 6.68 7.25 7.90 7.36 11.77
Book Value 39.26 34.48 89.1 76.47 60.13 51.28 44.38 34.20 28.43 43.31
* Dividend for FY 2011 is yet to be decided
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7TMIntegrated Textile Solutions
(Rs. Crore)
31.03.2001 31.03.2000 31.03.1999 31.03.1998 31.03.1997 1.03.1996 31.03.1995 31.03.1994 31.12.1992 31.03.1992 31.03.1991 31.03.1990 31.03.1989 30.10.1987
(12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (15 months) (9 months) (12 months) (12 months) (12 months) (17 months) (12 months)
443.29 322.17 238.18 196.71 167.97 120.55 81.72 55.84 26.43 16.53 15.88 8.92 0.38 0.04
(18.74) (9.37) (6.1) (3.17) (2.77) (0.1) (1.6) (2.87) (0.18) - - - - -
76.21 60.86 44.7 26.94 17.96 14.25 8.73 3.52 1.45 1 0.5 0.21 0.01 -29.47 21.38 14.96 10.22 6.23 6.02 4.88 1.92 0.8 0.53 0.11 (0.11) (0.03) -
37.76 26.27 16.4 10.80 7.86 8.21 6.14 1.04 0.94 0.67 0.24 0.02 - -
28.35 27.82 23.64 11.62 9.71 3.74 3.75 3.49 0.73 0.25 0.25 0.25 0.25 -
103.13 75.04 46.2 28.14 23.22 13.1 7.78 3.6 0.99 0.49 - (0.12) (0.03) -
29.48 13.95 1.35 1.13 - 7.24 - - 0.81 - 0.14 0.14 0.14 0.03
- - - - - - - - - - - - - -
160.96 116.81 71.19 40.89 32.93 24.08 11.53 7.09 2.53 0.74 0.38 0.27 0.37 0.03
227.89 144.94 130.08 105.25 62.23 45.24 24.84 7.98 3.76 2.15 - 1.42 1.39 0.03
195.82 123.99 116.75 98.15 54.79 35.35 21.83 8.07 3.41 1.74 1.22 1.28 1.36 0.03
285.16 209.32 183.68 145.88 73.47 47.28 33.34 11.92 2.51 2.29 1.89 1.167 1.13 -
17.19% 17.07% 15.98% 13.70% 10.69% 11.82% 10.56% 6.30% 5.49% 6.04% 3.15% 2.35% 2.63% 2.29%
6.65% 6.00% 5.35% 5.20% 3.71% 4.99% 5.97% 3.43% 3.03% 3.21% 6.93% -1.23% -7.89% 0.75%
14.61% 15.59% 14.97% 12.70% 14.44% 16.23% 19.46% 18.52% 28.77% 33.00% 21.95% 14.57% 0.67% -
1.65 1.58 2.44 3.46 2.14 1.89 2.85 1.36 0.85 2.93 4.53 4.10 3.09 -
10.00% 10.00% 20.00% 20.00% 20.00% 20..00% 20.00% 20.00% 15.00% 10.00% - - - -
10.39 8.91 8.98 8.8 16.25 16.10 13.01 5.50 10.96 21.20 4.40 (4.40) (1.20) -
46.38 36.97 29.54 34.22 33.91 64.39 30.75 20.32 34.66 29.60 15.40 10.96 14.57 840.29
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8 Celebrating 25 Years 1986-2011
KEY DEVELOPMENTS IN THE QUARTER
The company completed the milestone of 25 years of its existence in March 2011.
New milestone of revenues crossing Rs. 6000 crores for the nancial year.
Certicate of Recognition as a STAR TRADING HOUSE from the Government of India.
Appreciation Certicate from the Ofce of the Chief Commissioner of Central Excise, Customs & Service Tax,Vadodara Zone to the Vapi Unit for Contribution of the Revenues with the Spirit of Cooperation and voluntary
compliance with the laws during the Current Year. Opening of ALOK PUBLIC SCHOOL under the CBSE curriculum to be managed and administered by the BJJ
Memorial Educational Charitable Trust.
The `H&A chain of stores opened an additional 20 shops during the quarter; taking the total number to291(including shop-in-shop); target is to have about 500 stores operational by March 2012
Store Twenty One, the UK retail chain of value-format stores did reasonably well during the year. The companyfor the rst time has shown a positive EBITDA of 0.01 mn. The sales for Q4 2010-11 was at 27.95 mln ascompared to 22.76 mln in the corresponding quarter of the previous period, a growth of 22.80%. For the 12month period ended March 2011, the stores have registered sales of 129.73 mln as compare to 117.06 mlnin FY 2010, a growth of 10.83%
The Company is the proud winner of the IMC Ramakrishna Bajaj National Quality (RBNQ) Performance ExcellenceTrophy 2010 in its maiden attempt
The Company has intensied efforts to sell / lease its prime commercial properties at Lower Parel, Mumbai (held by whollyowned subsidiaries) and is condent of making signicant progress in this direction by the year end
RESIDENTIAL: NAHUR, MUMBAI COMMERCIAL: ASHOFRD CENTRE COMMERCIAL: PENINSULA BUSINESS PARK
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10 Celebrating 25 Years 1986-2011
PROFIT AND LOSS ACCOUNT: ANNUAL 2010-11(Rs. Crore)
PARTICULARS
YTD
31 MAR 2011
YTD
31 MAR 2010% Change
% to Sales % to Sales
Domestic Sales 4,159.39 2,752.18 51.13%
Export Sales 2,206.56 1,558.99 41.54%Net Sales 6,365.95 4,311.17 47.66%
Other Income 4.96 64.02 (92.25%)
TOTAL INCOME 6,370.91 4,375.19 45.61%
Material Costs 3,314.04 52.06% 2,004.99 46.51% 65.29%
People Costs 197.15 3.10% 153.73 3.57% 28.24%
Other Expenses 1,088.98 17.11% 943.99 21.90% 15.36%
EBIDTA 1,770.74 27.82% 1,272.48 29.52% 39.16%
Depreciation 524.43 8.24% 362.61 8.41% 44.63%
PBIT 1,246.31 19.58% 909.87 21.10% 36.98%
Interest & Finance Costs 681.98 10.71% 535.08 12.41% 27.45%
PBT 564.33 8.86% 374.79 8.69% 50.57%
Less: Provision for Taxes
2.94%
2.96% 47.08%
Current Tax 112.47 62.70
Deferred Tax 74.98 99.01
Fringe Benet Tax 0.00 0.00
MAT Credit Entitlement 0.00 -34.26
Prior Period Adjustment of Tax
PAT 376.88 5.92% 247.34 5.74% 52.37%
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11TMIntegrated Textile Solutions
FINANCIALS AT A GLANCE
DIVISIONAL PERFORMANCE: FOURTH QUARTER ENDED MARCH 2011(Rs. Crore)
PARTICULARS
QUARTER ENDED 31 MAR 2011 QUARTER ENDED 31 MAR 2010
CHANGE
LOCAL
EX
PORT
TOTAL
%
TO
TOTAL
SALES
LOCAL
EX
PORT
TOTAL
%
TO
TOTAL
SALES
COTTON YARN 364.74 6.43 371.17 16.85% 17.81 176.76 194.58 13.23% 90.76%
APPAREL FABRIC
WOVEN 827.77 95.27 923.04 41.90% 557.22 54.16 611.39 41.56% 50.97%
KNITTING 26.91 40.85 67.76 3.08% 21.48 19.28 40.76 2.77% 66.24%
TOTAL APPAREL
FABRIC854.68 136.12 990.80 44.98% 578.70 73.44 652.15 44.33% 51.93%
HOME TEXTILES 6.88 246.37 253.25 11.50% 8.32 192.54 200.87 13.65% 26.08%
GARMENTS 7.86 31.96 39.82 1.81% 2.54 32.46 35.00 2.38% 13.76%
POLYESTER YARN 398.63 149.23 547.86 24.87% 256.14 132.39 388.53 26.41% 41.01%
TOTAL 1,632.79 570.11 2,202.90 100.01% 863.53 607.60 1,471.13 100.00% 49.74%
DIVISIONAL PERFORMANCE: YEAR ENDED MARCH 2011
(Rs.Crore)
PARTICULARS
TWELVE MONTHS ENDED 31 MAR 2011 TWELVE MONTHS ENDED 31 MAR 2010
CHANGE
LOCAL
EXPORT
TOTAL
%T
O
TOTAL
SALES
LOCAL
EXPORT
TOTAL
%T
O
TOTAL
SALES
COTTON YARN 436.38 137.95 574.33 9.02% 121.00 233.49 354.49 8.22% 62.01%
APPAREL FABRIC
WOVEN 2,455.41 272.60 2,728.01 42.85% 1,590.38 176.15 1,766.54 40.98% 54.43%
KNITTING 116.57 122.24 238.81 3.75% 56.99 92.93 149.92 3.48% 59.29%
TOTAL APPARELFABRIC 2,571.98 394.84 2,966.82 46.60% 1,647.37 269.08 1,916.46 44.46% 54.81%
HOME TEXTILES 39.84 946.48 986.32 15.49% 17.16 681.53 698.69 16.21% 41.17%
GARMENTS 21.69 152.98 174.67 2.74% 9.09 122.28 131.37 3.05% 32.96%
POLYESTER YARN 1,089.50 574.31 1,663.81 26.14% 957.56 252.60 1,210.16 28.07% 37.49%
TOTAL 4,159.39 2,206.56 6,365.95 100.00% 2,752.18 1,558.99 4,311.17 100.00% 47.66%
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12 Celebrating 25 Years 1986-2011
FINANCIAL POSITION
SUMMARY PROFIT & LOSS ACCOUNT: FOURTH QUARTER(Rs. Crore)
PARTICULARS 3M ENDED
31 MAR 2011
3M ENDED
31 MAR 2010
NET SALES 2,202.90 1,471.13
OPERATING PROFIT 558.75 429.80
DEPRECIATION 160.00 102.78
MISC. EXP. W/OFF 0.00 0.00
PBIT 398.75 327.02
INTEREST 159.11 181.61
PBT 239.64 145.41
PAT 160.05 95.33
CASH PROFIT 320.05 198.11
DIVIDEND 0.00 0.00
NET CASH ACCRUALS 320.05 198.11
SUMMARY PROFIT & LOSS ACCOUNT: ANNUAL (Rs. Crore)
PARTICULARS 12M ENDED
31 MAR 2011
12M ENDED
31 MAR 2010
NET SALES 6,365.95 4,311.17
OPERATING PROFIT 1,770.74 1,272.48
DEPRECIATION 524.43 362.61
MISC. EXP. W/OFF 0.00 0.00
PBIT 1,246.31 909.87
INTEREST 681.98 535.08
PBT 564.33 374.79
PAT 376.88 247.34CASH PROFIT 901.31 609.95
DIVIDEND 0.00 0.00
NET CASH ACCRUALS 901.31 609.95
SUMMARY BALANCE SHEET
(Rs. Crore)
PARTICULARS (Rs. Crore)AS ON
31 MAR 2011
AS ON
31 MAR 2010
GROSS FIXED ASSETS 10,045.21 8,215.61
NET FIXED ASSETS 8,452.45 7,145.11
CURRENT ASSETS 5,438.16 4,801.88
INVESTMENTS 167.12 229.69
FOREIGN CURRENCY MONEY TRANSALATION A/C 0.00 0.17
TOTAL ASSETS 14,057.73 12,176.85
EQUITY SHARE CAPITAL 787.78 787.79
RESERVE & SURPLUS 2,305.28 1,928.39
APPLICATION MONEY / WARRANTS/ FCD 0.00 0.00
TANGIBLE NET WORTH 3,093.06 2,716.19
DEFERRED TAX LIABILITY 481.96 406.98
TOTAL BORROWINGS 9,740.63 8,509.68
CURRENT LIABILITIES 742.08 544.00
TOTAL LIABILITIES 14,057.74 12,176.85
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13TMIntegrated Textile Solutions
CASH FLOW(Rs. Crore)
PARTICULARS12M 12M
31 MAR 2011 31 MAR 2010
NET CASH GENERATED FROM OPERATING ACTIVITIES 1,077.27 184.56
NET CASH USED IN INVESTING ACTIVITIES (1,179.03) (1,749.29)
NET CASH GENERATED FROM FINANCING ACTIVITIES 370.53 2,117.76
NET FLOW 268.77 553.03
CASH AND CASH EQUIVALENTS
AT THE BEGINNING OF THE PERIOD 830.60 277.57
AT THE END OF THE PERIOD 1,099.37 830.60
NET INCREASE IN CASH AND CASH EQUIVALENTS 268.77 553.03
KEY RATIOS
PARTICULARS 2010-11 2009-10 2008-09
Protability Ratios
EBITDA (%) 27.82% 29.52% 27.63%
Prot Before Tax Margin (%) 8.86% 8.69% 9.57%
Prot After Tax Margin (%) 5.92% 5.74% 6.33%
Return on Net worth (%) 10.54% 7.92% 9.13%
Return on Capital Employed (%) 11.69% 9.52% 8.20%
Balance Sheet Ratios
Net Debt (Long Term) - Equity including Deferred Tax Liability 1.66 1.62 2.31
Net Total Debt - Equity including Deferred Tax Liability 2.40 2.28 3.03
Net Total Debt / EBITDA 4.84 5.59 7.60
Current Ratio 1.60 1.83 1.36
Liquid Ratio 1.05 1.27 0.88
Coverage Ratios
PBDIT/Interest 2.60 2.38 2.70
Debt Service Coverage Ratio 1.72 1.79 1.10
Net Fixed Assets/Secured Loans (1st Charge holders) 1.62 1.46 1.40
Working Capital Turnover Ratio 0.32 0.51 0.24
Debtors Turnover Days 99 93 108
Inventory Turnover Days 107 125 116
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14 Celebrating 25 Years 1986-2011
FINANCIAL POSITION
SHARE CAPITAL AND TANGIBLE NET WORTH(Rs. Crore)
PARTICULARS
AS ON
31 MAR 2011 31 MAR 201031 MAR
2009
EQUITY CAPITAL 787.78 787.79 196.97
SHARE APPLICATION MONEY / SHARE WARRANTS 0.00 0.00 147.70
SECURITIES PREMIUM RESERVE 880.39 880.39 596.96
GENERAL RESERVE 274.98 249.99 229.99
P&L ACCOUNT 917.09 180.91 276.63
OTHERS 232.82 617.11 306.81
TANGIBLE NET WORTH 3,093.07 2,716.19 1,755.06
LOANS: LONG AND SHORT TERM(Rs. Crore)
PARTICULARSAS ON
31 MAR 2011 31 MAR 2010 31 MAR 2009
PREFERENCE SHARE CAPITAL
SECURED LOANS 6,862.23 6,056.69 4,948.43
FCCBs 0.00 107.21 121.01
UNSECURED LOANS 223.71 272.81 51.09
TOTAL LONG TERM BORROWINGS (A) 7,085.94 6,436.71 5,120.53
SECURED LOANS 1,092.73 1,186.19 608.64
UNSECURED LOANS 315.00 43.00 168.02
WORKING CAPITAL BORROWINGS 1,246.96 843.78 699.16
TOTAL SHORT TERM BORROWINGS (B) 2,654.69 2,072.97 1,475.82
TOTAL BORROWINGS (A+B) 9,740.63 8,509.68 6,596.35
LESS: CASH & BANK BALANCES (1,165.49) (1,390.29) (344.95)
NET BORROWINGS 8,575.14 7,119.39 6,251.40
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15TMIntegrated Textile Solutions
FINANCIAL ANALYSIS
FIXED ASSETS
(Rs. Crore)
PARTICULARSAS ON
31 MAR 2011 31 MAR 2010 31 MAR 2009
FIXED ASSETS 8,992.02 7,276.36 4,534.44
CAPITAL WORK IN PROGRESS 1,053.19 939.25 2,158.27
GROSS FIXED ASSETS 10,045.21 8,215.61 6,692.71
LESS: DEPRECIATION (1,592.76) (1,070.50) (708.85)
NET FIXED ASSETS 8,452.45 7,145.11 5,983.86
NET CURRENT ASSETS(Rs. Crore)
PARTICULARS
AS ON
31 MAR 2011 31 MAR 2010 31 MAR 2009
INVENTORIES 1,862.45 1,474.41 943.84
DEBTORS 1,731.07 1,101.23 884.19
CASH & BANK BALANCES 1,165.49 1,390.29 344.95
LOANS & ADVANCES 679.15 835.95 512.95
TOTAL CURRENT ASSETS 5,438.16 4,801.88 2,685.92
SUNDRY CREDITORS 638.45 379.91 367.32
OTHER CURRENT LIABILITIES 65.91 109.02 104.08
PROVISIONS 37.72 55.07 28.79
TOTAL CURRENT LIABILITIES 742.08 544.00 500.19
NET CURRENT ASSETS 4,696.08 4,257.89 2,185.73
CAPACITIES
DivisionsUnits Current
Capacities
Capacity under
Implementation
Capacities Post
Expansion
SPINNING Tons(Spindles)
69,040(343,840)
10,960(68,000)
80,000(411,840)
HOME TEXTILES
Processing Mn. Mtrs 82.50 22.50 105.00
Weaving Mn. Mtrs 68.00 24.00 92.00
Terry Towels Tons 6,700 6,700 13,400
APPAREL FABRICS
Processing Woven Mn. Mtrs 105.0 21.0 126.0
Weaving Mn. Mtrs 93.00 17.00 120.0
Knits Tons 18,200 6,800 25,000
GARMENTS Mn. Pcs. 22.0 - 22.0
DTY Tons 114,000 56,000 170,000
FDY Tons 65,700 - 65,700
POLYESTER Tons 200,000 300,000 500,000
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16 Celebrating 25 Years 1986-2011
CAPITAL INFORMATION
SHARE PRICE AND VOLUMES
MonthBSE (In Rs. per share) NSE (In Rs. Per share)
High Low Volume High Low Volume
Apr-10 23.30 20.00 4,09,14,824 23.25 20.00 7,90,13,036
May-10 22.00 17.75 5,43,63,483 21.60 17.80 5,39,06,941
Jun-10 22.00 17.75 2,86,90,425 21.95 17.80 7,01,16,113
Jul-10 21.00 19.85 2,11,91,799 21.00 19.80 5,45,40,009
Aug-10 21.40 18.60 3,87,77,416 21.40 18.60 8,62,66,477
Sep-10 22.65 18.90 4,76,88,974 24.30 18.90 9,88,83,845
Oct-10 28.40 20.10 14,41,46,614 28.45 21.10 32,83,26,459
Nov-10 35.00 25.30 19,52,40,171 35.00 25.20 55,66,85,899
Dec-10 29.50 20.55 9,44,91,321 29.25 21.90 29,72,50,669
Jan-11 29.50 24.40 8,51,30,246 29.25 24.00 27,11,84,383
Feb-11 26.40 19.90 7,42,71,976 26.40 18.00 22,93,47,260
Mar-11 22.80 20.05 5,02,90,728 23.00 19.05 14,39,07,018
SHARE PERFORMANCE VIS-A-VIS STOCK MARKET INDICES
Note: Share prices and indices indexed to 100 as on 1 April 2010
EQUITY INFORMATION
Equity as on 31 MAR 2011 787798278
BSE NSE
Closing Price as on 31 MAR 2011 22.15 22.15
3-Month High LowHigh: 29.50 High: 29.25
Low: 19.90 Low: 18.00
Market Capitalisation as on 31 MAR 2011 (Rs Crore) 1744.97
SHAREHOLDING PATTERN
SHAREHOLDER ENTITIES CURRENT QUARTER PREVIOUS QUARTER
Promoters 28.35% 28.35%
Banks, Mutual Funds And FIs 13.41% 13.81%
FIIs, NRIs And OCB 23.12% 23.37%
Other Corporate Bodies and Public 35.12% 36.47%
Total 100.00% 100.00%
68.24% of the promoters holding have been pledged with FIIs, MFs and other lenders as part of loan conditions.
This represents a sum total of 15,24,27,640 equity shares (19.35 % of the total equity of the Company)
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17TMIntegrated Textile Solutions
CAPITAL INFORMATION
TOP SHARE HOLDERS AS AT 31 MARCH 2011
SR.NO NAME OF SHAREHOLDER No. of Shares % of Holding
1 Promoters 223376351 28.35
2 Caledonia Investments PLC 93010068 11.81
3 Life Insurance Corporation Of India 26964136 3.42
4 IFCI Limited 21440823 2.72
5 Axis Bank Limited 19350000 2.46
6 Sloane Robinson LLP A/c SR Global (Mauritius) Limited (Class B-Asia) 14239433 1.81
7 Macquarie Bank Limited 13300000 1.69
8 IL&FS Trust Company Limited A/c IL&FS Private Equity Trust-Leverage India Fund 12602457 1.60
9 IDBI Bank Limited 10788161 1.37
10 State Bank of India 10210823 1.30
Total Top Customers 229357047 29.11
Other Shareholders 558441231 70.89
Total Equity Shareholders 787798278 100.00%
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18 Celebrating 25 Years 1986-2011
ECONOMIC OVERVIEW
THE GLOBAL ECONOMY
The recovery is gaining strength, but unemployment remainshigh in advanced economies, and new macroeconomic risksare building in emerging market economies.
After reducing by 0.6% in 2009, world economic output wasback on positive track registering 5% growth in 2010. Much ofthe new growth impetus came from developing and emergingeconomies that witnessed 7.1% growth in 2010 compared to2.6% in 2009. Even the advanced economies recovered froma 3.6% contraction in output in 2009 to a growth of 3% in 2010
In advanced economies, the handoff from public to privatedemand is advancing, reducing concerns that diminishing scalpolicy support might cause a double-dip recession. Financialconditions continue to improve, although they remain unusuallyfragile. In many emerging market economies, demand is robustand overheating is a growing policy concern.
Developing economies, particularly in sub-Saharan Africa, have also resumed fast and sustainable growth. Rising food and
commodity prices pose a threat to poor households, adding to social and economic tensions, notably in the Middle East andNorth Africa. Oil price increases since January 2011 and information on supply, including on spare capacity, suggest that thedisruptions so far would have only mild effects on economic activity. An earthquake in Japan has exacted a terrible human toll.Its macroeconomic impact is projected to be limited, although uncertainty remains elevated
INDIA
Advanced estimates of the CSO, Government of India, estimates India is rmly back on growth momentum with 8.6%growth in 2010-11
The Reserve Bank had projected year-on-year WPI ination for March 2011 at 7 per cent. However, further upside riskshave stemmed from high international crude prices, their impact on freely priced petroleum products, the increase inadministered coal prices and pick-up in non-food manufactured product prices
While the budgeted level of scal decit for 2011-12 gives some comfort on the demand front, a potential increase in the
subsidies on petroleum products and fertilizers as a result of high crude prices could put pressure on expenditureTo sum up, the underlying inationary pressures have accentuated, even as risks to growth are emerging. Rising globalcommodity prices, particularly oil, are a major contributor to both developments. As domestic fuel prices are yet to adjustfully to global prices, risks to ination remain clearly on the upside, reinforced by the persistence of demand-side pressuresas reected in non-food manufacturing ination
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19TMIntegrated Textile Solutions
THE TEXTILE INDUSTRY
Global Textile and Apparel Trade
The US imports of textile and apparel from the world shows a rising trend on an annual basis. The imports in Feb 11 havejumped by 12% to reach US$ 7.42 bn as compared to Feb 2010. On a quarter on quarter basis also, the imports jumped by
17% to US$ 24 bn for quarter ending Dec10 as compared to same quarter previous year.
Total textile & apparel imports of EU from the world rose by 27% in Jan 2011 to touch US$ 12 bn as compared to Jan 10.Even last year, the total EU imports of textile and apparel goods increased by 12% to reach US$ 122 bn, for Jan Dec 2010as compared to same period previous year.
Indian Textile Update
The Indian exports of textiles and apparel category to EUhas also shown a positive growth. The exports have grownby 17% for the ten months ending Jan 2011 as comparedto same period last year.
Indian Textiles and Apparel market, both domestic andexports, continues to grow. In 2010, the total Indian T&A
market was estimated to be around Rs 3,68,000 crores(US$ 78 bn) and is estimated to grow @ 11% CAGR toreach Rs 10,32,000 crores (US$ 220 bn) by 2020.
Start of 2011, has witnessed a further strengthening of yarnprices. Due to demand side pressures, there is a continuousrise in raw material prices. The average prices of cottonyarn rose by 45 % YoY in Mar 11 to reach Rs. 207/Kg whilePV yarn and PC yarn has shown 35% increase each forthe same period and stands at Rs. 233/kg and Rs. 221/kgrespectively
Recent Government Initiatives: There have been various steps taken by the Government to continually support the
Textile and Clothing Sector:
o Scheme for Integrated Textile Parks (SITP): 40 Textile Park projects have been sanctioned by the Textile Ministry till
date in various states. These Parks are planned to have facilities for spinning, sizing, texturising, weaving, processing,
apparels etc. and are expected to employ approximately 7.5 lakh persons. Till date four projects have been completed and
production started in 24 out of 40. So far government assistance of Rs. 882.60 crore has been provided for execution of
these projects. The promoters of these textiles park projects have brought in Rs.1000 crore (approx.) as their contribution.
o Technology Up-gradation Fund Scheme (TUFS): Since its inception, Rs.11,196 crore of subsidy has been released. The
Union Budget for 2011-12 has provided an allocation of Rs 2,980 crore for the scheme. Government has also enhanced
subsidy allocation for modernisation of the textiles industry to Rs 15,404 crore from earlier sanction of Rs 8,000 crore for
the current Plan ending 2012. Of the additional Rs 7,404 crore, Rs 1972 crore would be available for fresh sanctions while
the remaining Rs 5,432 crore is meant for fullling the committed liabilities under the TUF scheme. Some key points of the
new scheme, which focuses on balanced development and forward integration, are:
5% interest re-imbursements plus 10% capital subsidy for spinning units with matching capacity in weaving/knitting/
processing/garmenting
Reducing repayment period to 7 years with 2 years moratorium to promote nancial efciency
5% interest re-imbursements plus 10% capital subsidy for establishment of new shuttle less looms
Interest subsidy/capital subsidy/margin money subsidy on the basic value of the machineries excluding the tax
component for the purpose of valuation
o Coon Yarn Exports Approval: Ceding to the demands of the Coon Yarn exporters, the Directorate General of
Foreign Trade (DGFT) under the Ministry of Commerce announced approval of coon yarn exports from April 1, 2011
subject to registraon of export contracts with DGFT.
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20 Celebrating 25 Years 1986-2011
PRESS RELEASE
Alok Industries Limited
Q4 FY11 Net Sales up by 49.74% to Rs. 2202.90 croreOperating PAT up by 67.89% to Rs. 160.05 crore
Editors Synopsis
For the Quarter ended March 31, 2011:
Net Sales up by 49.74% at Rs. 2202.90 crore
Operating EBIDTA increased by 30% at Rs. 558.75 crore
Operating PAT up by 67.89% at Rs. 160.05 crore
For the scal ended March 31, 2011
Net sales for the twelve months was at Rs. 6365.95 crore, up by 47.66 %
Operating EBIDTA was at Rs. 1770.74 crore, reecting 39.16% growth
Operating PAT at Rs. 376.88 crore, registering a growth of 52.38%Mumbai, 29 April, 2011:
Alok Industries Limited, one of the leading integrated textile companies in India, today reported net sales of Rs. 2202.90crore for the quarter ended March 31, 2011, as compared to Rs. 1471.13 crore in the corresponding period of the last scal,registering a growth of 49.74%.
Export sales for the quarter ended March 31, 2011 stood at Rs. 570.11 crore, as against Rs. 607.60 crore in the same period ofthe last scal, registering a drop of 6.17%.
During the quarter the companys net prot stood at Rs. 160.05 crore, higher by 67.89%, as compared to Rs. 95.33 crore postedin the same quarter of last scal year.
The EBIDTA for the quarter was at Rs. 558.75 crores as against Rs. 429.80 crores in the corresponding quarter of last scalyear, registered a growth of 30%.
Updates on the nancial year ended March 31, 2011
For the full nancial year ended March 31, 2011, the company recorded net sales of Rs 6365.95 crore, up by 47.66%, ascompared to Rs. 4311.17 crore of the previous nancial year ended March 31, 2010.
Net prot for FY 2010-11 stood at Rs. 376.88 crore, as compared to Rs. 247.34 crore in FY10, registering a growth of 52.38 %.
Export sales for the year ended March 31, 2011 stood at Rs. 2206.56 crore as compared to Rs. 1558.99 crore in the corresponding
period of the last scal, a growth of 41.54%.
EPS for the Quarter and Fiscal ended March 31, 2011
Earning per share (EPS) for 3MFY11 stood at Rs. 2.03 and for 12MFY11 at Rs. 4.78.
Management Comment
Commenting on the results, Mr Dilip Jiwrajka, Managing Director, stated, We continue to be satised with our companysperformance. As a diversied textile enterprise, it is indeed gratifying to see our business being driven by the continued growthin the cotton and polyester segments, where we have a formidable presence. The world economy is expected to continue itsrecovery and this should further bolster growth potential in the textile sector. We expect our strong infrastructural platform,extensive product offering and customer relationship management skills to aid us in achieving sustained growth.
About Alok Industries Limited:
(BSE Code: 521070) (NSE Code: ALOKTEXT) (Reuters Code: ALOK.BO) (Bloomberg Code: ALOK@IN)Established in 1986, Alok Industries Ltd. is amongst the fastest growing vertically integrated textiles solutions provider in India.
A diversied manufacturer of world-class home textiles, apparel fabrics, garments and polyester yarns, Alok has capacities of82.50 mn meters of sheeting fabric and 6700 tons of terry towels for its home textiles business, 105.00 mn meters of apparelwidth woven fabrics, 18200 tons per annum of knitted fabrics and 22 million pieces per annum of garments.
With the commencement of spinning of cotton yarn (58500 tons per annum), Alok has achieved complete integration. Thecompany also has a strong presence in the polyester segment with a capacity of 1,14,000 tons per annum of polyester texturedyarn supplemented by 2,00,000 tons per annum of POY. The company has a blue chip international customer base comprisingof world renowned retailers, importers and brands.
For More Information Please Contact:
Mr. Sunil O. KhandelwalChief Financial OfficerTel: 022 2499 6241Email: [email protected]
Siddharth Kumar/Ankur ParikhAdfactors PRTel: +91-22-2281 [email protected]@adfactorspr.com
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FlameRetardantFabrics
The flame retardant fabrics are so engineered sothat flames do not spread quickly. These are twotypes:
In this case the flame retardant characteristicof the fibre, yarnandfabric ispermanent
Chemical treatment that reduces the fabric'sflammability and drastically slows the fabricburningrate
1) Inherentflame retardant fabrics
2) Chemically treatedflame retardant fabrics
User Industry: Fire Brigade, Oil refinery, Welding
industry, Defense Supplies, etc.,
Hi-Visibility Fabrics
Hi-Visibility fabrics give superior luminosity andbrightness of the colours which helps inimproved visibility at work stations therebyreducingthe riskofaccident
Aviation, Construction &Infrastructure,CoalMines,Traffic Police,etc.,User Industry:
AntistaticFabrics
Antistatic fabrics dissipates the chargegenerated at certain work places where theworkmen is exposed to environments where aspark could causeexplosionsor ignite fires
Petrol Pumps, Oil refineries, flour
mills, etc.,
User Industry:
Camouflage Fabrics
Camouflage fabrics disrupt the outline of thewearer by merging it with the surroundings,making a target harder to spot or hit. Theseare available with
a) IRRCamouflage
b) Water and OilRepellentc) AntimicrobialFinishd) Moisturemanagement finishe) Insect repellent finish
DefenseUser Industry:
Workwear Fabrics
Workwear fabrics are tough and provide comfortfor good workmanship
Automobile Industry, Hospitality,Health Care, Industrial, etc.,User Industry:
Protective wear solutions from fiber to fabrics and garments
ALOK PIONEER IN WEAR AND PROTECTIVE FABRICSWORK
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WPPL