Sharda Cropchem Ltd (NSE:SHARDACROP)

Q4 2024 Sharda Cropchem Ltd Earnings Call Transcript

May 14, 2024 / 10:30AM GMT

Release Date Price: ₹400.9 (+3.51%)

Transcript

Key Points

Positve

Sharda Cropchem Ltd (BOM:538666) reported a volume growth of approximately 5% year-on-year in Q4 FY24.
Gross margins increased by 300 basis points from 31.6% in Q4 FY23 to 34.6% in Q4 FY24.
The company remains net debt-free with cash and liquid investments of INR375 crore as of March 31, 2024.
The Board of Directors recommended a dividend of INR3 for the financial year 2023-24.
Sharda Cropchem Ltd (BOM:538666) expects revenues to grow by 12% to 15% in FY25, with EBITDA margins projected to be in the range of 15% to 18%.

Negative

Revenues for Q4 FY24 decreased by 11% year-on-year from INR1,482 crore to INR1,312 crore.
The non-agrochemical business saw a significant reduction of 42% year-on-year to INR97 crore.
Full-year FY24 revenue decreased by 22% year-on-year to INR3,163 crore.
Gross margins for the full year FY24 decreased to 25.9% from 29.3% in FY23.
Working capital days increased to 158 days as of March 31, 2024, primarily due to slower receivables.

Operator

Ladies and gentlemen, good day, and welcome to Sharda Cropchem Q4 FY24 Earnings Conference Call hosted by Antique Stock Broking. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Manish Mahawar from Antique Stock Broking. Thank you, and over to you, sir.

Manish Mahawar

Antique Stock Broking Limited - Analyst

Thank you, [Aseem]. On behalf of Antique Stock Broking, I would like to welcome all the participants on the call of Sharda Cropchem. From the management, we've Mr. R.V. Bubna, Chairman and Managing Director; Mr. Shailesh Mehendale, CFO; and Mr. Dinesh Nahar, GM Finance on the call.

Without any delay, I would like to hand over the call to Mr. Bubna for opening remarks, post which we will open the floor for Q&A. Thank you. Over to Mr. Bubna.

Ramprakash Bubna

Sharda Cropchem Ltd - Executive Chairman of the Board, Managing Director, Founder

Thank you, Manish-ji. Good afternoon, and a very warm welcome to everyone present on this

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