key takeaways from Clean Science and Technology Limited’s (CSTL) investor presentation
Financial Highlights
- Revenue: FY 2024 saw a volume-led growth in revenue, with Q4 FY24 recording INR 225 Crore, marking a 16% sequential increase from Q3 FY24.
- EBITDA Margins: Remained robust throughout the year, with Q4 FY24 at 44.4%, slightly down from 49.1% in Q4 FY23.
- Profit After Tax (PAT): For Q4 FY24 stood at INR 74.8 Crore, a 20% increase from Q3 FY24, though there was an 8% decrease year-over-year.
- CAPEX: The company invested approximately INR 235 Crores during FY2024, including INR 215 Crores in a subsidiary.
Business Performance
- Clean Fino-Chem Limited (CFCL): Commercialized in March.
- Dividend: A final dividend of INR 3 per share has been recommended by the board.
- Revenue Mix: Notable increase in revenue share from newer products, especially in the domestic market.
- Geographical Revenue: Americas and Europe maintained steady revenue shares, with an improvement in China’s share in H2 FY2024.
Operational Efficiency
- CAPEX Utilization: Focused on commercializing new products, with significant investments in subsidiary CFCL.
- Asset Turnover: Demonstrated efficient use of assets with a healthy cash balance despite the largest capex in the last two years.
Market Position
- Global Presence: CSTL serves over 500 customers across 30+ countries.
- Product Leadership: Holds the largest capacity globally for flagship products like MEHQ and BHA.
- Innovation: Continuous R&D led to the commercialization of new products like HALS 770 and 701.
Sustainability Commitments
- Renewable Energy: 17.4 MW of solar capacity, with renewable energy accounting for 55% of power consumption.
- Environmental Goals: Aiming to plant over 11,000 trees in the next three years and reduced fresh water consumption by 14%.
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