OCCL Limited — PPTs, 30-07-2025: Investor Presentation

**1. Financial Highlights:**

OCCL Limited reported strong Q1 FY26 results with revenue at Rs. 123 Cr (up 14% QoQ). EBITDA surged 36% QoQ to Rs. 27 Cr, improving margins to 21.7%. Profit After Tax (PAT) grew 51% QoQ to Rs. 13 Cr, reaching a 10.6% PAT margin. The company demonstrates robust cash generation from operations, with Rs. 69.8 Cr in FY25, and maintains a sound balance sheet with Rs. 396.3 Cr in equity.

**2. Strategic Initiatives & Growth Drivers:**

The company is continuously expanding its Insoluble Sulphur capacity, currently at 39,500 MTPA, to meet future demand. Strategic focus includes technology-led innovation and product development to enhance quality for next-generation automotive tyres. Key growth drivers are the expanding global tyre industry, increasing radialization in Indian commercial vehicles, and efforts to boost geographical penetration, particularly in North America, India, and Asia.

**3. Business Developments:**

Recent anti-dumping duties on Insoluble Sulphur imports from Japan and China are expected to strengthen the domestic market. OCCL maintains a diversified global customer base, serving over 40 clients across 21 countries.

**4. Market Position & Competitive Advantage:**

As a market leader in Insoluble Sulphur, OCCL holds ~60% domestic and ~10% global share. Its competitive edge stems from high entry barriers like lengthy customer approval processes (over 24 months), significant capital requirements, and proprietary in-house technology. The company leverages cost optimization strategies, including advantageous raw material procurement, logistical benefits from its SEZ Mundra plant, and operational leverage.

**5. Investor Implications:**

OCCL's strong Q1 performance, strategic capacity expansions, and favorable market dynamics like anti-dumping duties signal positive growth potential. While the niche product portfolio and robust customer relationships offer a solid foundation, investors should monitor the short-term impact of over-supply in certain global Insoluble Sulphur geographies that could affect realizations.