Sahaj Solar Limited · NSE:SAHAJSOLAR
Sahaj Solar — Investor Presentation (February 2025)
32 slides from Sahaj Solar's investor presentation, Feb 13, 2025
Slide 1: Sahaj Solar Limited Investor Presentation February 2025
Investor Presentation February’25 Sahaj Solar Limited 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of Sahaj Solar Limited. By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or i
Slide 3: Agenda
01 02 03 Company at a Product Portfolio Industry Overview Glance 04 05 06 Key Differentiators Business Strategies Financial Performance 3
Slide 4: Vision and Mission
Vision and Mission Our Vision is to be a leading player in renewable energy segment in the world. We will create a world, where renewable energy. Our Mission is to help & serve every individual and organization in each and every aspect of their renewable energy need by reducing cost, scouting and ge
Slide 5: Sahaj Solar – Sustainability through Clean Energy
Sahaj Solar – Sustainability through Clean Energy 14 Years 53% 51.4 MW Manufacturing track record Return on equity (FY24)* Order Book as of September 30, 2024 48% 40,000+ 1500 MW Revenue CAGR % Solar water pump Upcoming Capacity (FY21-24) executed by FY26 12% 100 MW 30 MW EBITDA Margin (FY24) Annual
Slide 6: Business Overview
Business Overview 01 6
Slide 7: Business Model built on Multiple Moats
Business Model built on Multiple Moats 27.1% 2.4% 70.5% 2.4% 70.50 70.5% % Manufacturing of Solar Products EPC & Other Solar Water Pumps Solutions Services Integrated PV manufacturing Profitable business Customizable to meet plant production facility in segment with in-house the energy needs of Guja
Slide 8: Revenue tripled in three years..
Revenue tripled in three years.. Upcoming Revenue from Operations (Rs. Crores) Growth strategies FY2024 48% CAGR 201 185 FY2023 ü Manufacturing of Anti-Soil coated o Leveraged Strategic Solar Panels… Partnerships and ü Tapping into o A 300% increase in subsidiary support, to Rectangular Panel revenu
Slide 9: Our USPs
Our USPs Advanced For vertical integration like Over a decade of experience as Technological battery storage and nano- Manufacturing a leading medium-sized solar Global technology enhanced anti-soil Expertise panel manufacturer Partnerships coating for solar panels Positioned in Gujarat, India’s End
Slide 10: Diversified and Growing Business Segments (FY'24)
Diversified and Growing Business Segments (FY’24) Geographic Product Wise Customer Wise Presence o Manufacturing of o Government o Domestic Solar Products Projects Presence o Solar Water o Non-Government o Exports Statewise Domestic Revenue Breakup Pumping Projects Solutions Gujarat, 5.2% o EPC Serv
Slide 11: Manufacturing of Solar Panels: Strong Growth Ahead
01. Manufacturing of Solar Panels: Strong Growth Ahead Revenue from PV module Segment Installed Capacity (MW) (Rs. Crores) Existing Capacity 56 54 1600 State of art solar PV module manufacturing capacity of 44 41 100 MW at its plant in Bavla, Gujarat. 5 100 FY21 FY22 FY23 FY24 FY14 FY24 FY26E 65% 10
Slide 12: Global Energy Landscape for Solar
Global Energy Landscape for Solar Scenario for 2025 9374 GW Global installed power generation ~300 GW c.3000 GW Share of Renewables Share of Renewables from Solar Power c.470 GW Expected in 2030, India’s share of power generation capacity Increase from 22% to 34% in next few years c.103 GW Share of
Slide 13: Fully Integrated Solar Water Pumping Solutions
2. Fully Integrated Solar water Pumping Solutions Backward Fo r wa rd Integration Integration In-house fabrication of major components has helped Domestic market: the company build a strong connect on the grounds of o Operates through government orders- no dealer or project execution and implementat
Slide 14: Exponential Growth Segment
Exponential Growth Segment Revenue from Solar Water Pumps (Rs. Crores) Solar Water Pumps as a % of Total Revenue 142 90% 132 71% 70% 88 31% 21 3 5% FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 H1FY25 o The revenue contribution from solar water pumping solutions increased from 5% in FY’21 to 70+% i
Slide 15: Government reforms supporting Solar water Pumps Solutions
Government reforms supporting Solar water Pumps Solutions September 2023, Uttar Rajasthan government's focus Pradesh government aimed to on renewable energy is evident install over 30,000 solar 01 03 from its new Renewable Energy photovoltaic surface irrigation Policy, which aims to achieve 65 pumps
Slide 16: Enhancing the PAN India Presence and capitalizing on promising markets
Enhancing the PAN India Presence and capitalizing on promising markets.. By Product By Region o AC Pumps o Solar water pump solutions Project Executor o DC Pumps for “number” of projects for states like Haryana, Uttar Pradesh , Maharashtra, Tripura, Assam & Gujarat. By Type Expanding Domestic & Glob
Slide 17: Offering End to End solutions: Strong EPC Skill set
03. Offering End to End solutions: Strong EPC Skill set Domestic Pipeline: Provider of Ground Mount Solar Systems, Estimated rooftop solar power plants, solar streetlights, Client Quantity Value Status solar mobile trolleys, home lights and off grid (Rs. Cr) power plants. Goa 15 73 Bid OREDA 10 17.7
Slide 18: A Workforce that sets the Standard for Success
04. A Workforce that sets the Standard for Success Pramit Kanaksinh Manan Brahmbhatt Gohil Brahmbhatt Chief Financial Managing Director Executive Director Officer Mr. Pramit Brahmbhatt, Managing Mr. Kanaksinh Gohil, Director of Sahaj Solar Mr. Manan Brahmbhatt with expertise in Director of Sahaj Sol
Slide 19: Empaneled partner for various GOI Projects
Empaneled partner for various GOI Projects 97.95% 134.4 Crores 76.06% 117.3 Crores 72.51% 58.29% 16 Crores 41.71% 23.49% 27.49% 1.3 Crores 2.05% FY21 FY22 FY23 FY24 Government Orders Non-Government Orders - GUVNL (Gujarat) Partnered with JAL JEEVEN MISSION Schemes like PM KUSUM – offers a significan
Slide 20: Business Strategies
Business Strategies Expansion in Expanding Strategically production capacity geographical delving into Solar and manufacturing footprint by power plant entering projects and units with International broader solar investment in new business. markets. technology. 20
Slide 21: Future Guidance Key Drivers
Future Guidance Key Drivers 30%+ § Upcoming projects estimated to be completed by FY’26 totaling ~51.4 MW. Revenue Growth § Massive capacity expansion from 100 MW to 1600 (3 Years CAGR) MW by FY’26. § Investing in new innovative technology for Solar 12%+ Panel with anti soil coating and Nano technol
Slide 22: Financial Performance
Financial Performance 02 22
Slide 23: Financial Performance
Financial Performance Revenue (in INR crores) EBITDA (in INR crores) & EBITDA Margin(%) 12% PAT (in INR Cr) & PAT Margin(%) 201 185 7% 9% 98 3% 5% 6% 2% 13 62 67 24 5% 5% 1% 11 6 5 3 4 9 1 1 FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 H1FY25 Total Working capital ROE an
Slide 24: Key Performance Indicators
Key Performance Indicators Key Financial Performance FY22 FY23 FY24 H1FY25 Revenue from Operations 67 185 201 98 EBITDA 4 11 24 9 EBITDA Margin 6% 6% 12% 9% PAT 1 6 13 5 PAT Margin 2% 3% 7% 5% (Rs. In Crores except percentages and ratios) Note: Figures have been rounded off for clarity. Calculated t
Slide 25: Statement of Profit and Loss
Statement of Profit and Loss Particulars FY22 FY23 FY24 H1FY25 Revenue from Operations 67 185 201 98 Other income 1 0 1 1 Total Income 67 185 202 99 COGS 56 165 153 82 Gross Profit 11 20 49 16 Margin 17% 11% 24% 16% Employee benefits expense 3 3 4 2 Other Expenses 5 6 20 6 EBITDA 4 11 24 9 Margin 6%
Slide 26: Statement of Balance Sheet
Statement of Balance Sheet Particulars FY22 FY23 FY24 H1FY25 Particulars FY 22 FY 23 FY24 H1FY25 Equity and Liabilities Non-Current Assets PPE, Intangible Assets and Shareholders’ funds - - - - 8 8 7 7 Capital WIP a. Share capital 5 8 8 11 Non-Current Investment - - - - b. Reserves and surplus 5 9 2
Slide 27: CAPEX Plan ~CY'25
CAPEX Plan ~CY’25 CAPEX Plans Land & Plant & Building Machinery Building Others Imported Miscellaneous Rs. 17 Cr Rs. 2.2 Cr Rs. 25 Cr Rs. 0.8 Cr *Estimated to be completed by December 2025. 27
Slide 28: Annexures
Annexures 03 28
Slide 29: Strong, Driven Board..
Strong, Driven Board.. Sureshchandra Amita Jatin Parikh Dilip Balshankar Nahrsinh Rao Joshi Non-Executive Director Independent Director Independent Director S. N. Rao, Non-Executive Director at Sahaj Solar Amita Parikh, Independent Director at Sahaj Solar Dilip Joshi, Independent Director at Sahaj S
Slide 30: Diversifying Client Base
Diversifying Client Base Contribution from top 10 clients 89.72% 67.42% FY23 FY24 30
Slide 31: Growing Energy Landscape for Solar
Growing Energy Landscape for Solar Global Scenario for 2025 Indian Scenario for 2025 ~470 GW c.9374 GW 02 India’s share of power generation capacity Global installed power generation capacity ~103 GW c.3000 GW India’s Share of renewables from Solar Power Share of Renewables 01 expected to increase f
Slide 32: Let's Connect!
Let’s Connect! Sahaj Solar Limited Company Contact: Poonam Panchal Company Secretary cs@sahajsolar.com Investor Relations Contact: Investor Relations Contact: Soumya Chhajed Janhavi Kankriya Research Associate Research Associate soumya@goindiaadvisors.com janhavi@goindiaadvisors.com 32