Comprising a balanced, cost-effective funding mix (debt and equity) deployed for sustaining and creating value across all capitals

Actions to enhance

• Focus on free cash flows (FCF) generation and prudent financial management to fund growth, reduce debt and pay dividends
• Investing in high value products and business to drive margins and build niche
• Cash and cash equivalents: ₹ 1,935 Crore ()
• Networth: ₹ 20,642 Crore ()
• Capital employed: ₹ 26,938 Crore ()
• Debt-free on standalone basis and in Kenya

Availability, affordability and accessibility of inputs

• Balance sheet position provides adequate access to internal funds and external funds to invest in growth opportunities
• Current improvement in demand scenario provides opportunity to enhance cash position

(+) Revenue: ₹ 16,789 Crore ()
(+) EBITDA: ₹ 3,822 Crore ()
(+) EBITDA/Revenue from operations: 23% ()
(+) Proposed dividend: ₹ 17.50 per share ()
(+) Strengthened balance sheet as Net Debt: Equity improved to 0.22 ()
(+) Net debt to EBITDA at 1.2 ()
(+) RoCE (Consolidated): 12% ()
(+) Net Cash generated from operations:
₹ 2,971 Crore ()

Comprising infrastructure such as plants, warehousing and logistics facilities, and physical assets in which we have invested financial capital to ensure efficient operations and generate long-term returns

Actions to enhance

• Process safety, risk management and sustainability initiatives to enhance operational reliability
• Project ACE (Agile, Competitive, Excellence) implemented to achieve operational excellence through cost optimisation and throughput increase initiatives
• Thrust on digitisation to build smart factories

• Capex incurred: ₹ 1,578 Crore ()
• Innovation to recover and reuse key resources (CO₂ and Sodium)

Availability, affordability and accessibility of inputs

• Sustained investments in plant, equipment and technology, leading to enhanced plant availability
• Projects implemented to fast-track capacity expansion programmes for scheduled commissioning

(+) Enhancement in manufactured assets and capex progressing well
(+) Increase in sale of Soda Ash to 3,538 KT, Sodium Bicarbonate to 225 KT, and Salt to 1,628 KT
(–) Impact on production due to extended monsoon and cyclone
(–) Higher input costs due to rise in fuel and freight, as well as prices of Solar Salt

Comprising science knowledge, R&D capabilities, information technology infrastructure and digitalisation, enabling development of competitive products and market share win

Actions to enhance

• Strengthening synergies between R&D centres
• Investing financial capital to fund research projects and to improve R&D infrastructure

• Investment in R&D (including Rallis):
  ₹ 86 Crore ()
• Technically skilled people in R&D (TCL + Rallis): 239

Availability, affordability and accessibility of inputs

• High brand image helps us retain and attract skilled people to drive our intellectual capital
• Continued efforts to nurture science knowledge through investments in R&D, and collaborations with global institutions and academia

(+) Robust new product launches and registrations
(+) Enhancement in intellectual property with 14 new patent grants
(+) Implementation of advanced technologies (IIoT, AI) in more areas of Mithapur plant

Comprising knowledge, skills, experience and motivation of our employees, enabling us to create value

Actions to enhance

• Investments in building future-ready capabilities among our people, and in digital initiatives and niche skills
• Focus on diversity and inclusion to foster creativity and innovation

• Strong team of 4,622 people
• Training days per employee: 2.2 person-days ()
• Safety training per employee: 9.2 person-days ()

Availability, affordability and accessibility of inputs

• Steady access of skilled labour at our plants globally
• Continue to train our people to build skills and provide them with various benefits to enhance retention and attract new talent

(+) High employee productivity, job satisfaction, engagement and retention
(+) Zero incident of labour unrest
(+) Safety performance with Total Recordable Injury Frequency Rate of 1.29 (1.43 in FY 2021-22)
(+) 0 unfortunate fatal incidents

Comprising collaborative relationships with the communities, supply chain partners and customers, coupled with welfare initiatives, leading to strengthening of our reputation of being a long-term partner of choice, and to securing licence to operate

Actions to enhance

• Engaging with all stakeholders on a continual basis to address their needs
• CSR spending (standalone): ₹ 15.51 Crore
• Relationship management and collaborative working with customers
• Positive engagement with trade unions
• Continued engagement with, and support to supply chain to ensure effective service delivery

Availability, affordability and accessibility of inputs

• Stakeholders’ expectations constantly increasing in terms of the value created for them by us, and determining their association based on ESG performance
• Focus on core value of ensuring safety of our stakeholders, and serving them with Integrity, Passion, Care and Excellence, enabling us to meet their expectations

(–) CSR Beneficiaries: 2.6 Lakh
(+) Creating local employment opportunities in multiple regions of presence
(+) Maintained high customer satisfaction index
(+) Multiple new customers added
(+) Enhancement in global supply chain network
(+) No regulatory implications or fines due to non-compliance. Paid taxes on time
(–) 1,231 complaints received from customers and resolved

Comprising renewable and non-renewable natural resources used in our operations to generate social and economic value, and manage the resultant environmental impacts

Focus on Green Chemistry – Fermentation platform for Prebiotics, Silica etc.

Actions to enhance

• Sustainability goals of the Company aligned with Responsible Care, CORE and UN SDGs guidelines
• Strongly focussed on, and investing in initiatives around carbon abatement, circular economy and biodiversity protection

Resources used

• Trona 45,64,411 MT ()
• Solar Salt 25,43,352 MT ()
• Limestone 21,19,558 MT ()

Availability, affordability and accessibility of inputs

• Reduced dependence on natural resources due to our efforts in water management and reuse, sodium and CO₂ recovery and energy efficiency (through renewable energy and operational efficiency)
• Will continue to invest in these areas and in innovation

(+) No serious environmental incidents or material impact to biodiversity/ habitats
(+) No water source negatively impacted by extraction activities
(+) Sustainable use of resources
(–) Increase in fresh water withdrawal from 32,054 Million Litres (ML) to 34,306 ML
(–) Increase in CO₂ emission from 4.65 Mn MT to 4.67 Mn MT