INSTITUTE OF MANAGEMENT

NIRMA UNIVERSITY

MBA (FT) 2021-23

Summer Internship
At Jubilant Ingrevia

Interim Report

Organization Guide:
Aakriti Thakur
&
Kamal Kumar Gupta

Internal Guide
Prof. Harsh Singh

Submitted By:
Nupur Ahuja (211206)
APPROVAL FROM THE ORGANIZATION GUIDE:

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 Table of content

Sr. No. Particulars Pg No.

1 Project title 4

2 Objectives of project 4

3 Details of task completed 4

4 Details of task to be completed 11

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 PROJECT TITLE-
“Jubilant Ingrevia Profitability Projection Process: Projection V/s Actual – Variance,
reasons and mitigating controls”

OBJECTIVES OF PROJECT-

 PRIMARY OBJECTIVES-

 The main objective of the project allocated is to have a better understanding of

comparative analysis of the projected profitability and actual profitability.
 To study the reasons behind variance and its corrective measures.

 SECONDARY OBJECTIVES-

 To study and analyze the internal financial performance of the company.

 To get a better understanding of the financial working of the company.
 To analyze the profitability position of the company.
 To analyze the peers/ competitors of the company and find out the corrective
actions with regards to the same.
 To study the shortcomings of the company.

DETAILS OF TASK COMPLETED:

 Completed analysis of financial position of the company, i.e. Jubilant Ingrevia based on
this analysis industry desk report was made and the SWOT analysis, PESTLE analysis
and porter’s five force was done.

 Helped in making internal board meeting presentations.

Note- Can’t share data and presentation due to company’s policies.

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  Completed data collection of majorly all the peer companies of Jubilant Ingrevia as per
the data available- i.e. of all 3 business segments
o Specialty Chemicals
o Nutrition and Health Solutions
o Chemical Intermediates

Note: All companies have not yet released their Q4 and FY’22 reports.

 Completed Chemical Intermediates peer analysis with complete presentation for Q4 and
FY’22.

 Following data has been collected till date for the project allocated-

Chemical Intermediates-
For Q4

NET SALES
COMPANIES Q4 FY'21 Q3 FY'22 Q4 FY'22 QoQ% YoY%
Jubilant Ingrevia 549 722 646 -10.50% 17.70%
Jubilant Ingrevia (Total) 1,077 1,286 1,290 0.30% 19.80%
Celanese 7,758 11,058 11,564 4.60% 49.10%
Eastman Chemicals 4,445 5,821 6,008 3.20% 35.20%
Laxmi Organics(total) 520 860 880 2.30% 69.40%

EBIT
COMPANIES Q4 FY'21 Q3 FY'22 Q4 FY'22 QoQ% YoY%
Jubilant Ingrevia 105 100 30 -70.00% -71.40%
Jubilant Ingrevia (Total) 202 222 152 -31.50% -24.80%
Celanese 2,072 4,016 3,782 -5.80% 82.50%
Eastman Chemicals 536 839 1,015 21.00% 89.30%
Laxmi Organics (Total) 66 119 73 -38.50% 11.50%

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 EBIT Margin
COMPANIES Q4 FY'21 Q3 FY'22 Q4 FY'22
Jubilant Ingrevia 19.10% 13.90% 4.60%
Jubilant Ingrevia (Total) 18.80% 17.30% 11.80%
Celanese 26.70% 36.30% 32.70%
Eastman Chemicals 12.10% 14.40% 16.90%
Laxmi Organics (Total) 12.60% 13.80% 8.30%

For FY’22

NET SALES

COMPANIES FY'21 FY'22 YoY%

Jubilant Ingrevia 1,738 2,790 60.50%

Jubilant Ingrevia (Total) 3,491 4,944 41.60%

Celanese 25,162 25,353 0.80%

Eastman Chemicals 15,545 22,664 45.80%

Laxmi Organics(total) 1,768 3,084 74.40%

EBIT

COMPANIES FY'21 FY'22 YoY%

Jubilant Ingrevia 236 417 76.70%

Jubilant Ingrevia (Total) 627 864 37.80%

Celanese 5,256 15,417 193.30%

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 Eastman Chemicals 1,205 3,895 223.30%

Laxmi Organics (Total) 217 368 69.70%

EBIT Margin

COMPANIES FY'21 FY'22

Jubilant Ingrevia 13.60% 14.90%

Jubilant Ingrevia (Total) 18.00% 17.50%

Celanese 20.90% 60.80%

Eastman Chemicals 7.80% 17.20%

Laxmi Organics (Total) 12.30% 11.90%

Note- Can’t share presentation due to company’s policies.

Nutrition and Health Solutions-

For Q4

NET SALES
COMPANIES Q4 FY'21 Q3 FY'22 Q4 FY'22 QoQ% YoY%
Jubilant Ingrevia 199 206 #DIV/0! 3.50%
Jubilant Ingrevia (Total) 1,077 1,286 1,290 0.30% 19.80%
RedSun (Total) #DIV/0! #DIV/0!
Brother Enterprises (Total) #DIV/0! #DIV/0!
DSM #DIV/0! #DIV/0!

EBITDA
COMPANIES Q4 FY'21 Q3 FY'22 Q4 FY'22 QoQ% YoY%
Jubilant Ingrevia #DIV/0! #DIV/0!
Jubilant Ingrevia (Total) 202 222 152 -31.50% -24.80%
RedSun (Total) #DIV/0! #DIV/0!
Brother Enterprises (Total) #DIV/0! #DIV/0!
DSM #DIV/0! #DIV/0!

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 EBITDA MARGIN
COMPANIES Q4 FY'21 Q3 FY'22 Q4 FY'22
Jubilant Ingrevia 0.00% 19.50% 0.00%
Jubilant Ingrevia (Total) 18.80% 17.30% 11.80%
RedSun (Total) #DIV/0! #DIV/0! #DIV/0!
Brother Enterprises (Total) #DIV/0! #DIV/0! #DIV/0!
DSM #DIV/0! #DIV/0! #DIV/0!

For FY’22

NET SALES
COMPANIES FY'21 FY'22 YoY%
Jubilant Ingrevia #DIV/0!
Jubilant Ingrevia (Total) 3,491 4,944 41.60%
RedSun (Total) #DIV/0!
Brother Enterprises (Total) #DIV/0!
DSM #DIV/0!

EBITDA
COMPANIES FY'21 FY'22 YoY%
Jubilant Ingrevia #DIV/0!
Jubilant Ingrevia (Total) 627 864 37.80%
RedSun (Total) #DIV/0!
Brother Enterprises (Total) #DIV/0!
DSM #DIV/0!

EBITDA MARGIN
COMPANIES FY'21 FY'22
Jubilant Ingrevia #DIV/0! #DIV/0!
Jubilant Ingrevia (Total) 18.00% 17.50%
RedSun (Total) #DIV/0! #DIV/0!
Brother Enterprises (Total) #DIV/0! #DIV/0!
DSM #DIV/0! #DIV/0!

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Note: The data is yet to be filled because it's not yet released.

Specialty Chemicals-

For Q4

NET SALES
COMPANIES Q4 FY'21 Q3 FY'22 Q4 FY'22 QoQ% YoY%
Jubilant Ingrevia 329 358 438 22.30% 33.10%
Jubilant Ingrevia (Total) 1,077 1,286 1,290 0.30% 19.80%
Navin Fluorine 336 379 409 7.90% 21.70%
PI Industries (Total) 1,197 136 1,395 928.90% 16.50%
SRF Limited 1,153 1,428 1,172 -17.90% 1.60%
Aarti Industries #DIV/0! #DIV/0!
Dishman (Total) 529 562 569 1.20% 7.50%
RedSun (Total) #DIV/0! #DIV/0!

EBIT
COMPANIES Q4 FY'21 Q3 FY'22 Q4 FY'22 QoQ% YoY%
Jubilant Ingrevia 69 76 81 6.60% 17.40%
Jubilant Ingrevia (Total) 202 222 152 -31.50% -24.80%
Navin Fluorine (Total) 85 98 94 -4.10% 10.60%
PI Industries (Total) 227 30 306 929.00% 34.40%
SRF Limited 275 419 504 20.30% 83.30%
Aarti Industries #DIV/0! #DIV/0!
Dishman(Total) 88 110 84 -23.00% -4.60%
RedSun (Total) #DIV/0! #DIV/0!

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 EBIT MARGIN
COMPANIES Q4 FY'21 Q3 FY'22 Q4 FY'22
Jubilant Ingrevia 21.00% 21.20% 18.50%
Jubilant Ingrevia (Total) 18.80% 17.30% 11.80%
Navin Fluorine (Total) 25.30% 25.90% 23.00%
PI Industries (Total) 19.00% 21.90% 21.90%
SRF Limited 23.90% 29.30% 43.00%
Aarti Industries #DIV/0! #DIV/0! #DIV/0!
Dishman(Total) 16.70% 19.50% 14.80%
RedSun (Total) #DIV/0! #DIV/0! #DIV/0!

For FY’22

NET SALES
COMPANIES FY'21 FY'22 YoY%
Jubilant Ingrevia 1,124 1,387 23.40%
Jubilant Ingrevia (Total) 3,491 4,944 41.60%
Navin Fluorine 1,179 1,453 23.20%
PI Industries (Total) 4,577 5,300 15.80%
SRF Limited 3,645 5,241 43.80%
Aarti Industries #DIV/0!
Dishman(Total) 1,912 2,141 12.00%
RedSun (Total) #DIV/0!

EBIT
COMPANIES FY'21 FY'22 YoY%
Jubilant Ingrevia 268 313 16.80%
Jubilant Ingrevia (Total) 627 864 37.80%
Navin Fluorine (Total) 309 355 14.90%
PI Industries (Total) 1,017 1,146 12.70%
SRF Limited 728 1,397 91.90%
Aarti Industries #DIV/0!
Dishman(Total) 274 394 43.50%
RedSun (Total) #DIV/0!

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 EBIT MARGIN
COMPANIES FY'21 FY'22
Jubilant Ingrevia 23.80% 22.60%
Jubilant Ingrevia (Total) 18.00% 17.50%
Navin Fluorine (Total) 26.20% 24.40%
PI Industries (Total) 22.20% 21.60%
SRF Limited 20.00% 26.70%
Aarti Industries #DIV/0! #DIV/0!
Dishman(Total) 14.40% 18.40%
RedSun (Total) #DIV/0! #DIV/0!

Note: The data is yet to be filled because it's not yet released.

DETAILS OF TASK TO BE COMPLETED:

 To collect the remaining data and analyze and present it.

 To recommend various controlling measures that Jubilant Ingrevia can follow on the
basis of different parameters identified while analyzing the financial performance.
 To find out the global trends and how it can affect the performance of a company.
 To do as per the work allocated by my organization guide further required.

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