Page 40 - Tata Chemical Annual Report_2022-2023
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Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Harnessing the Capitals
to Create Value
Harnessing the Capitals to Create Value
At Tata Chemicals, we have shaped our business strategy to create long-term and accretive value for our stakeholders. To this
end, we are investing in the six capitals of our business model on a continual basis.
Capitals and actions to enhance them Inputs Outcomes Capitals and actions to enhance them Inputs Outcomes
Financial Capital Human Capital
Comprising a balanced, cost-effective funding Cash and cash equivalents: ₹ 1,935 Crore ( ) (+) Revenue: ₹ 16,789 Crore ( ) Comprising knowledge, skills, experience and Strong team of 4,622 people (+) High employee productivity,
mix (debt and equity) deployed for sustaining Networth: ₹ 20,642 Crore ( ) (+) EBITDA: ₹ 3,822 Crore ( ) motivation of our employees, enabling us to Training days per employee: job satisfaction, engagement
and creating value across all capitals Capital employed: ₹ 26,938 Crore ( ) (+) EBITDA/Revenue from create value 2.2 person-days ( ) and retention
Actions to enhance Debt-free on standalone basis and in Kenya operations: 23% ( ) Actions to enhance Safety training per employee: (+) Zero incident of labour unrest
9.2 person-days ( )
Focus on free cash flows (FCF) generation (+) Proposed dividend: ₹ 17.50 per share ( ) Investments in building future-ready (+) Safety performance with Total
and prudent financial management to fund Availability, affordability and (+) Strengthened balance sheet as capabilities among our people, and in Availability, affordability and Recordable Injury Frequency Rate of
growth, reduce debt and pay dividends accessibility of inputs Net Debt: Equity improved to 0.22 ( ) digital initiatives and niche skills accessibility of inputs 1.29 (1.43 in FY 2021-22)
Investing in high value products and Balance sheet position provides adequate (+) Net debt to EBITDA at 1.2 ( ) Focus on diversity and inclusion to foster Steady access of skilled labour at our (+) 0 unfortunate fatal incidents
plants globally
business to drive margins and build niche access to internal funds and external funds (+) RoCE (Consolidated): 12% ( ) creativity and innovation
to invest in growth opportunities (+) Net Cash generated from operations: Continue to train our people to build skills
Current improvement in demand scenario ₹ 2,971 Crore ( ) Read more on page 74 and provide them with various benefits to
provides opportunity to enhance cash enhance retention and attract new talent
position
Social and Relationship Capital
Manufactured Capital Comprising collaborative relationships with CSR spending (standalone): ₹ 15.51 Crore (–) CSR Beneficiaries: 2.6 Lakh
the communities, supply chain partners and Relationship management and collaborative (+) Creating local employment
Comprising infrastructure such as plants, Capex incurred: ₹ 1,578 Crore ( ) (+) Enhancement in manufactured assets customers, coupled with welfare initiatives, working with customers opportunities in multiple regions
warehousing and logistics facilities, and Innovation to recover and reuse key and capex progressing well leading to strengthening of our reputation of Positive engagement with trade unions of presence
physical assets in which we have invested resources (CO2 and Sodium) (+) Increase in sale of Soda Ash to 3,538 being a long-term partner of choice, and to Continued engagement with, and support (+) Maintained high customer
financial capital to ensure efficient operations KT, Sodium Bicarbonate to 225 KT, securing licence to operate to supply chain to ensure effective service satisfaction index
and generate long-term returns Availability, affordability and and Salt to 1,628 KT delivery (+) Multiple new customers added
Actions to enhance accessibility of inputs (–) Impact on production due to Actions to enhance Availability, affordability and (+) Enhancement in global supply
Engaging with all stakeholders on a continual
Process safety, risk management and Sustained investments in plant, equipment extended monsoon and cyclone basis to address their needs accessibility of inputs chain network
sustainability initiatives to enhance and technology, leading to enhanced plant (–) Higher input costs due to rise in Stakeholders’ expectations constantly (+) No regulatory implications or fines due
operational reliability availability fuel and freight, as well as prices of increasing in terms of the value created to non-compliance. Paid taxes on time
Project ACE (Agile, Competitive, Excellence) Projects implemented to fast-track capacity Solar Salt for them by us, and determining their (–) 1,231 complaints received from
implemented to achieve operational expansion programmes for scheduled association based on ESG performance customers and resolved
excellence through cost optimisation and commissioning Focus on core value of ensuring safety of our
throughput increase initiatives stakeholders, and serving them with Integrity,
Thrust on digitisation to build smart factories Passion, Care and Excellence, enabling us to Read more on page 68
meet their expectations
Intellectual Capital Natural Capital
Comprising science knowledge, R&D Investment in R&D (including Rallis): (+) Robust new product launches and Comprising renewable and non-renewable Resources used (+) No serious environmental incidents
capabilities, information technology ₹ 86 Crore ( ) registrations natural resources used in our operations to or material impact to biodiversity/
infrastructure and digitalisation, enabling Technically skilled people in R&D (+) Enhancement in intellectual property generate social and economic value, and Trona 45,64,411 MT ( ) habitats
development of competitive products and (TCL + Rallis): 239 with 14 new patent grants manage the resultant environmental impacts Solar Salt 25,43,352 MT ( )
market share win Limestone 21,19,558 MT ( ) (+) No water source negatively impacted
Availability, affordability and (+) Implementation of advanced Focus on Green Chemistry – Fermentation by extraction activities
Actions to enhance accessibility of inputs technologies (IIoT, AI) in more areas of platform for Prebiotics, Silica etc. Availability, affordability and (+) Sustainable use of resources
Strengthening synergies between R&D Mithapur plant accessibility of inputs (–) Increase in fresh water withdrawal
centres High brand image helps us retain Actions to enhance Reduced dependence on natural resources from 32,054 Million Litres (ML)
Investing financial capital to fund research and attract skilled people to drive our Sustainability goals of the Company aligned due to our efforts in water management to 34,306 ML
intellectual capital
projects and to improve R&D infrastructure with Responsible Care, CORE and UN SDGs and reuse, sodium and CO recovery and (–) Increase in CO2 emission from 4.65 Mn
2
Continued efforts to nurture science guidelines energy efficiency (through renewable
knowledge through investments in R&D, Strongly focussed on, and investing in energy and operational efficiency) MT to 4.67 Mn MT
and collaborations with global institutions initiatives around carbon abatement, circular
Read more on page 32 and academia economy and biodiversity protection Will continue to invest in these areas Read more on page 58
and in innovation
/ : Increase / Decrease over past financial year / : Favourable / Unfavourable outcome (+) Positive outcome (–) Negative outcome
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