Electrosteel Castings Ltd. · NSE:ELECTCAST
Electrosteel Castings — Q1 FY2025 Earnings Presentation
30 slides from Electrosteel Castings's earnings presentation, Aug 1, 2024
Slide 1: Regulation 30 disclosure cover letter to stock exchanges
1 August, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500128 Symbol: ELECTCAST ISIN : INE086A01029 Dear Sir/Madam, Sub: Disclosure under Regula
Slide 2: Q1 FY25 Investor Presentation
Q1 FY25 Investor Presentation Page 1
Slide 3: Table of Contents
Table of Contents Financial Highlights (Q1 FY25) 03 Investment Rationale 12 Water Infrastructure Opportunity 16 Awards and Shareholder Information 22 Appendix 28 Page 2
Slide 4: Financial Highlights
Dummy text Financial Highlights Page 3
Slide 5: Q1FY25 Result Highlights (Consolidated)
Q1FY25 Result Highlights (Consolidated) Particulars (in INR Crores) Q1FY25 Q1FY24 YoY Q4FY24 QoQ FY24 FY23 YoY Total Income 2,036 1,712 18.9% 2,039 (0.1%) 7,580 7,360 3.0% Cost of Goods Sold 1,016 931 9.2% 990 2.7% 3,757 3,989 (5.8%) Gross Profit 1,020 781 30.6% 1,049 (2.8%) 3,823 3,371 13.4% Gross
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet Equity and Liabilities (in INR Crores) FY23 FY24 Assets (in INR Crores) FY23 FY24 Share Capital 59 62 Non Current Assets Other Equity 4,325 5,052 Plant, Property and Equipment 2,668 2,842 4,384 5,114 Capital Work in Progress 1,302 1,229 Total Equity 737 418 Other Non-Curre
Slide 7: Financial Snapshot (Consolidated)
Financial Snapshot (Consolidated) Gross Profit (in INR Crores) & Gross Margin (%) EBITDA (in INR Crores) & EBITDA Margin (%) 53.6% 45.8% 50.4% 50.1% 14.1% 11.2% 16.9% 18.5% 3,823 1,281 3,372 2,858 754 822 1,020 378 FY22 FY23 FY24 Q1FY25 FY22 FY23 FY24 Q1FY25 PAT (in INR Crores) & PAT Margin (%) Earn
Slide 8: Financial Snapshot (Consolidated)
Financial Snapshot (Consolidated) Net Leverage Analysis Working Capital Analysis (in Days) Net Debt to Equity 140 140 131 0.50 0.46 0.34 FY22 FY23 FY24 FY22 FY23 FY24 Adjusted Return on Capital Employed* Adjusted Return on Equity* 19.0% 19.3% 12.3% 12.3% 11.1% 10.2% FY22 FY23 FY24 FY22 FY23 FY24 Pag
Slide 9: Q1FY25 Result Highlights (Standalone)
Q1FY25 Result Highlights (Standalone) Particulars (in INR Crores) Q1FY25 Q1FY24 YoY Q4FY24 QoQ FY24 FY23 YoY Total Income 1,851 1,530 21.0% 1,812 2.2% 7,044 7,013 0.4% Cost of Goods Sold 945 829 14.0% 862 9.6% 3,559 3,964 (10.2%) Gross Profit 906 701 29.3% 950 (4.5%) 3,485 3,049 14.3% Gross Profit m
Slide 10: Standalone Balance Sheet
Standalone Balance Sheet Equity and Liabilities (in INR Crores) FY23 FY24 Assets (in INR Crores) FY23 FY24 Share Capital 59 62 Non-Current Assets Other Equity 4,211 4,930 Plant, Property and Equipment 2,605 2,776 Total Equity 4,270 4,992 Capital Work in Progress 1,302 1,228 Borrowings 706 399 Other
Slide 11: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) Operating Revenues (in INR Crores) Gross Profit (in INR Crores) & Gross Margin (%) 7,013 7,044 50.8% 43.5% 49.5% 49.0% 5,095 3,485 3,049 2,587 1,851 906 FY22 FY23 FY24 Q1FY25 FY22 FY23 FY24 QFY25 EBITDA (in INR Crores) & EBITDA Margin (%) PAT (in INR Crores) & PAT Mar
Slide 12: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) Net Leverage Analysis Working Capital Analysis (in Days) 129 137 Net Debt to Equity 125 0.47 0.43 0.31 FY22 FY23 FY24 FY22 FY23 FY24 Adjusted Return on Capital Employed* Adjusted Return on Equity* 19.8% 19.8% 13.0% 12.0% 11.1% 11.2% FY22 FY23 FY24 FY22 FY23 FY24 Page
Slide 13: Investment Rationale
Dummy text Investment Rationale Page 12
Slide 14: Largest Beneficiary of Water Infrastructure Play
Largest Beneficiary of Water Infrastructure Play Manufacturing Excellence & Establishing a Niche Play ESG Initiatives Global Presence ➢ Promoters Expertise of almost Seven ➢ 5 Multi-locational Strategic State-of-Art ➢ Treats and utilises sewage water of Decades Facilities Tirupati Municipal Corporat
Slide 15: Strong Financial Metrics
Strong Financial Metrics Consolidated Financial Credit Rating Dividend History Highlights ➢ Revenues at INR 7,580 Crores, Highest ➢ Long Term ➢ Consistently rewarding stakeholders with ever yearly EBITDA and PAT at INR 1,281 CRISIL: AA-/Positive (Outlook revised dividend Crores and INR 740 Crores, r
Slide 16: Fueling Capex Plans with Internal Accruals
Fueling Capex Plans with Internal Accruals Production (in Lakh MT) Cash Profit (PAT + Depreciation) (INR Crore) 850 438 449 210 FY21 FY22 FY23 FY24 Capex aided 5.03 6.04 7.15 7.48 9.00 10.00 by Cash Flows along Long Term Debt (INR Crore) FY21 FY22 FY23 FY24 FY25e FY26e with 955 1,031 Estimated Capac
Slide 17: Water Infrastructure Opportunity
Dummy text Water Infrastructure Opportunity Page 16
Slide 18: Water Infrastructure Demand Drivers
Water Infrastructure Demand Drivers Jal Jeevan Mission (JJM): JJM : Funds Drawn by States/Union Territories Driving Water Infra Demand (INR Crore) ➢ The Government’s flagship scheme - Outlay of INR 3.60 lakh crores has connected 15 Crores households with tap water connection since 2019 69,886 54,744
Slide 19: Water Infrastructure Applications
Water Infrastructure Applications ECL’s Water Infra Applications Sewage and Drinking water/ Industrial Wastewater Disposal Miscellaneous irrigation applications applications ➢ Clear and Raw Water ➢ Ash-Slurry Handling & ➢ Gravity Sewage ➢ Vertical Connection to Transmission Disposal System Collectio
Slide 20: Ductile Iron Pipe & Fittings Best Suited for Water Infra
Ductile Iron Pipe & Fittings Best Suited for Water Infra Ductile Iron Pipe Ductile Iron Fittings ECL is the pioneer in setting up the ECL is amongst the premier first Ductile Iron Pipe plant in the manufacturers of Ductile Indian Sub-continent Iron fittings in India ➢ One of the most preferred pipes
Slide 21: Delivering Key Projects for Marquee Clients
Delivering Key Projects for Marquee Clients ISRO Vikram Sarabhai Space Centre Kargil India’s New Parliament Building Boeing Corporation Pfizer Facility BMW (Wallersdrof, Germany) Ras Abu Aboud Stadium, Qatar Doha Metro Hamad International Airport WWTP, Okhla French Atomic Centre Page 20
Slide 22: Awards and Shareholders Information
Dummy text Awards and Shareholders Information Page 21
Slide 23: Jal Sevak Samman: Awarding Environmentalists Efforts
Jal Sevak Samman: Awarding Environmentalists Efforts Jal Sewak Samman Jal Sewak Samman: Awardees ➢ Aligns with the Company’s mission of ‘Carrying life to people, safe drinking Individual Category water for all’ ➢ 1st Prize - Mr. Aloke Sarkar for spearheading & reintegrating the vital ➢ Promotes the
Slide 24: Accredited with ET Iconic Brands of India 2023 Award
Accredited with ET Iconic Brands of India 2023 Award Won ET Edge’s: Iconic Brands of India 2023 Award ECL recognised as an Iconic Brand of India Being honoured for our commitment for providing innovative and sustainable water solutions for humanity Page 23
Slide 25: Features in 25 Years of Indo-French Success Story
Features in 25 Years of Indo-French Success Story *Electrosteel Europe S.A. Acknowledged by French Embassy in India Companies Recognised ECL’s French Connection Publication recognizing ECL’s expertise ECL amongst the few companies ➢ Recognized as a key industrial company with over 23 ➢ Decarbonizing
Slide 26: Shareholder Information
Shareholder Information Capital Market Data Shareholding Pattern June 2024 (%) NSE Ticker /BSE Code ELECTCAST / 500128 Current Market Price (as on 30 July 2024) 217.7 32.2% Market Cap (INR Crores) (as on 30 July 2024) 13,470 46.2% Promoter 52 Week High/Low 221.4/56.1 FIIs 0.4% DIIs Number of Shares
Slide 27: Safe Harbour
Safe Harbour This presentation has been prepared by Electrosteel Castings Limited solely to provide information about the Company. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such informa
Slide 28: Thank you!
Electrosteel Castings Limited Corporate Office G.K. Tower, 19, Camac Street, Kolkata - 700 017 Contact: +91-33-22839990 www.electrosteel.com Thank you! IR Contact Details Hiral Keniya | Vikash Verma hiral.keniya@in.ey.com | vikash.verma1@in.ey.com +91 9029662801| +91 9664009029
Slide 29: Appendix
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Slide 30: Our Journey Towards Integrated Play
Our Journey Towards Integrated Play 1955-59 1994 1996 2000 2002-03 2005 2006 Set Up DI Pipe plant Obtained Kitemark ➢ Acquired 46% stake in ➢ Commissioning of ➢ Capacity of DI Pipe Founded in 1955. Lanco Industries Ltd. 150,000 TPA COP at SW increased to 120,000 Commenced Production of facility at K
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