Slide 1: Nitiraj Engineers Limited Investor Presentation
Nitiraj Engineers Limited Investor Presentation May 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nitiraj Engineers Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any
Slide 3: Table of Contents
Table of Contents Company Overview Business Overview Financial Highlights Way Ahead Way Ahead 3
Slide 4: Company Overview
Company Overview
Slide 5: Company Overview
Company Overview Leading manufacturer of Electronic Weighing Strong Geographical Presence Scales & Systems and Digital Fare Meters ▪ Installations across 5 countries ▪ Incorporated in 1989 ▪ Middle East, SAARC and African Countries ▪ Develops and sells products under own registered brand ‘PHOENIX’ S
Slide 6: Timeline
Timeline ▪ Developed and installed CGMS and 2018 2019 MAA in Aanganwadis all over India to 2015 2017 control malnutrition amongst children - huge orders under WCD department 2011 of Govt. of India ▪ Started setting ▪ Launched Currency ▪ Sponsored state level table tennis ▪ Started new range of ▪ Lis
Slide 7: Management Team
Management Team Mr. Rajesh R. Bhatwal Mrs. Shakuntala R. Bhatwal Women Whole Time Director Chairman & Managing Director ▪ Over 27 years of experience in Electronics Weighing Scales ▪ Over 28 years of experience ▪ Responsibilities include overseeing manufacturing activities, ▪ Strong business acumen,
Slide 8: Key Strengths
Key Strengths Diversified Product Range Experienced Management Team ▪ Offering entire range of Electronic Weighing Scales ▪ Chairman Mr. Rajesh Bhatwal is engaged in catering to jewelry, commercial, industrial, health weighing scales and other electronic products’ and household markets business for
Slide 9: Business Overview
Business Overview
Slide 10: Domestic Industry Opportunity
Domestic Industry Opportunity Weighing Scales Currency Counting Machines ▪ Almost every transaction involves process of ▪ Cash counting and counterfeit note detection is weighing, due to which weighing scale plays process widely required with high speed and mandatory and important role in day-to-day
Slide 11: Diversified Product Portfolio… …Catering to various sectors
Diversified Product Portfolio… Industrial Commercial Jewellery Healthcare Household Automobile Range Range Range Range Range Range ▪ Currency Counting ▪ High Accuracy ▪ Baby Weighing ▪ Personal Weighing ▪ Electronic Fare ▪ Electronic Weigh Machine Weighing Balances Machines Scale Meters for auto Bri
Slide 12: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Used in Jewellery Shops & Laboratories / Paper Industries Jewellery Scale ▪ Highest accuracy of 10 mg ▪ Carat counting, percentage & GSM functions ▪ Used by Departmental Stores, Grocery Shops, Packaging Industries etc. Ta
Slide 13: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Used at Steel Plants, Dockyards, Fabricators, Vehicle Junk Yards, Construction Sites, Foundries Hanging Scales ▪ IR Remote Control Operation ▪ Pocket scale is widely used for weighing gas cylinders and at airports ▪ Very
Slide 14: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Specially designed to weigh recipe items accurately Kitchen Scales ▪ Light weight, Portable ▪ Ideal for Hospitals, Clinics, Schools, Health clubs, Physical examination centers, Gym etc. Body Mass Index (BMI) Scale ▪ Autom
Slide 15: New Product Launches - Mechanical Scales
New Product Launches - Mechanical Scales ▪ Newly launched product - specially designed as per guidelines of Integrated Child Development Services (ICDS) ▪ Stadiometer - Designed to Measure Height of Adult and Children aged 24 Month and Above in Vertical Position, with measuring length of 200cms ▪ In
Slide 16: State of art Manufacturing Facilities
State of art Manufacturing Facilities Parwanoo, Himachal Pradesh ▪ Installed Capacity - 2500 machines per day ▪ Tool Room section - equipped with modern facilities like Vertical Machining Centers (VMCs), Electrical Discharge Machining (EDM), Wire-cut, cylindrical grinder, lathe, milling machines, po
Slide 17: Upcoming Unit - Dhule, Maharashtra
Upcoming Unit - Dhule, Maharashtra ✓ Total Area : Land of 8 acres has been acquired for world-class, state-of-the-art manufacturing facility including 4 buildings : ▪ Tool room and molding shop - area of 1,100 sq. meters ▪ Main Factory - area of 5,600 sq. meters ▪ Canteen building - area of 650 sq.
Slide 18: Wide Distribution Network
Wide Distribution Network Domestic ▪ Pan India presence ▪ 15 branches across Maharashtra, Odisha and Chhattisgarh ▪ Over 430 dealer network across India International ▪ UAE, Nepal, Sri Lanka, Malavi (Africa) More than 10 lakh satisfied customers and counting!! 18
Slide 19: Strong R&D – 'Innovation Room'
Strong R&D – ‘Innovation Room’ ▪ In-house R&D Center at Dhule, Maharashtra ▪ Strong team of ~ 15 expert engineers – continued focus on knowledge & skill upgradation ▪ Programming: Hands-on coding and programming in various environments like C language, Assembly language, Linux OS, Android OS ▪ PCB d
Slide 20: Financial Highlights
Financial Highlights
Slide 21: Financial Highlights – H2 FY19
Financial Highlights – H2 FY19 87% 514% 1379bps Revenue from Operations EBITDA EBITDA Margin Rs. 37.31 Crore Rs. 7.40 crore 19.83% 413% 907bps 412% Net Profit Net Profit Margin Basic EPS Rs. 5.32 crore 14.27% Rs. 6.50 vs. Rs. 1.27 H2 FY18 21
Slide 22: Financial Highlights – H2 FY19
Financial Highlights – H2 FY19 Rs. Cr H2 FY19 H2 FY18 Y-o-Y(%) H1 FY19 H-o-H(%) Revenue from 37.31 19.95 87% 16.57 125% Operations Raw Materials 17.26 11.23 9.33 Employee Cost 2.30 3.24 1.85 • Increase in Revenue Other Cost 10.35 4.28 4.13 from Operations mainly Total Expenditure 29.91 18.75 15.31 o
Slide 23: Financial Highlights – FY19
Financial Highlights – FY19 39% 130% 637bps Revenue from Operations EBITDA EBITDA Margin Rs. 53.88 Crore Rs. 8.66 crore 16.08% 98% 333bps 98% Net Profit Net Profit Margin Basic EPS Rs. 6.02 crore 11.17% Rs. 7.34 vs. Rs. 3.71 FY18 23
Slide 24: Financial Highlights – Annual
Financial Highlights – Annual Rs. Cr FY19 FY18 Y-o-Y (%) Revenue from Operations 53.88 38.83 39% Raw Materials 26.59 20.24 • Growth in Revenue from Employee Cost 4.15 5.65 Operations of 39% Other Cost 14.48 9.17 mainly driven by Total Expenditure 45.22 35.06 increase in sale of EBITDA 8.66 3.77 130%
Slide 25: Revenue Break Up - Segmental
Revenue Break Up - Segmental FY18 FY19 Non - Govt. Sales, Govt. Sales, 43.79% 19.01% Govt. Sales, 56.21% Non - Govt. Sales, 80.99% 25
Slide 26: Revenue Break Up - Geographical
Revenue Break Up - Geographical FY18 FY19 North, North, 6.03% South, 6.18% South, Central, Central, 9.32% 9.92% 18.85% 20.13% West, 27.73% East, East, 37.47% West, 36.86% 27.51% 26
Slide 27: Balance Sheet Highlights - Annual
Balance Sheet Highlights - Annual Rs. Crs Mar-19 Mar-18 Rs. Crs Mar-19 Mar-18 Shareholders Funds 66.83 60.78 Non-current Assets 35.69 19.38 Share Capital 8.20 8.20 Property, Plant and Equipment 23.54 10.50 R&S 58.63 52.58 Intangible Assets 3.26 2.00 Non Current Liabilities 0.19 0.29 Goodwill on cons
Slide 28: Financial Highlights – Annual
Financial Highlights – Annual Revenue from Operations (Rs. Crs) 56.39 53.49 53.88 38.83 FY16 FY17 FY18 FY19 EBITDA excluding Other Income (Rs. Crs) / Margin (%) Net Profit (Rs. Crs) / Margin (%) 10 16.08% 18% 11.17% 15.63% 7 12% 14.86% 16% 9.90% 8 6 8.60% 10% 8.81 8.66 14% 7.84% 6.02 7.95 9.71% 12%
Slide 29: Key Financials Ratios
Key Financials Ratios ROA (%) RoCE (%) 12.36% 21.18% 20.67% 8.26% 12.86% 7.06% 4.75% 7.07% FY16 FY17* FY18 FY19 FY16 FY17* FY18 FY19 RoE (%) 17.65% 7.99% 9.00% 5.01% FY16 FY17* FY18 FY19 RoA = Net Profit/Total Assets; RoCE = EBIT/(Shareholders fund + long term borrowing + short term borrowing-Non cu
Slide 30: Way Ahead
Way Ahead
Slide 31: Way Ahead
Way Ahead New Manufacturing Unit: ▪ New upcoming manufacturing facility complete with world-class machineries and facilities in Dhule, Maharashtra – expected to be operational in Q2 FY20 Marketing: ▪ Enhancing Brand Image through increased spend on advertisements and other promotional activities thr
Slide 32: Thank You
Thank You NITIRAJ NITIRAJ IN xxxx For further information, please contact: Company : Investor Relations Advisors : Nitiraj Engineers Limited Bridge Investor Relations Pvt. Ltd. Mr. Kailas Agrawal Mr. Amit Sharma Chief Financial officer amit@bridge-ir.com investor@nitiraj.net Ms. Disha Shah disha@bri