Hi-tech Pipes Ltd. · NSE:HITECH
Hi-tech Pipes — Q2 & H1 FY2021 Earnings Presentation
22 slides from Hi-tech Pipes's earnings presentation, Nov 5, 2020
Slide 1: Result Update Presentation cover letter to NSE
| > @ +91-11-48440050 | Fli- (o4 | M info@hitechpipes.in ww p Pes: #3 hitechpipes.in To, 05-November-2020 National Stock Exchange of India Limited Exchange Plaza, Plot No.C/1, G Block, Bandra Kurla Complex (E), Mumbai-400051, Symbol: HITECH Subject: Result Update Presentation Dear Sir/ Madam, In ref
Slide 2: Hi-Tech Pipes Limited Q2 & H1 FY 2020-21
Hi-TECH PIPES LIMITED Q2 & H1 - FY 2020-21
Slide 3: Forward-looking statements disclaimer
Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risk and uncertainties relating to these
Slide 4: Management and key milestones
Ajay Kumar Bansal Started Manufacturing of Acquisition of ‘Lloyd’ Hollow Sections at Sikanderabad Anish Bansal, Director consumer durable business P.K. Saxena, xBanker Vivek Goyal, FCA Neerja Aggarwal,xBanker ,Advocate Started Manufacturing * Divestment of ‘Sylvania’ of Cold Rolled Coils & Strips an
Slide 5: PAN India presence, manufacturing and experience
PAN India presence Direct marketing presence in over 17 States with more then 350 Distributors. PAN India Manufacturing Four strategically located manufacturing plant with large scale manufacturing with high standards of quality assurance Long Experience Incorporated in 1985 & having exp
Slide 6: Manufacturing plants and installed capacity
• Manufacturing plant Sikandrabad, Uttar • Manufacturing unit in Hindupur Pradesh (UP) • Installed capacity of 1,20,000 mtpa • Installed capacity of 2,55,000 mtpa • Manufacturing unit in Sanand (Gujarat) • Installed capacity of 1,25,000 mtpa
Slide 7: Journey and milestones 1988-2019
Installation of Hot Commenced Operations at Dipped Galvanised Hindupur(A.P.) Facility Modernisation of Cold Started production of Rolling Mill at Sikandrabad Highway Crash Barriers Plant Started production of Commissioning ERW Pipe Hollow sections and manufacturing at Hindupur Solar Moun
Slide 8: Growth drivers: infrastructure, housing, water, solar
Uddan - 100 New Airports in next 3-5 years Started Started Manufacturing of Manufacturing of Acquisition of ‘Lloyd’ Acquired global business ERW Pipes at Hollow Sections at consumer durable Sikanderabad of ‘Sylvania’ Sikanderabad Nal Se Jal – 3.5 Lacs Crore spending by Government by 2024 business Ho
Slide 9: Steel pipes and tubes, cold rolled coils and strips applications
Bore well & Home Poly Houses Started Appliances Started Manufacturing of Manufacturing of Acquisition of ‘Lloyd’ Acquired global business ERW Pipes at Hollow Sections at consumer durable Sikanderabad of ‘Sylvania’ Railings & Sikanderabad business Windows Transformers Cold Rolled Coils & Strips & Mot
Slide 10: ERW pipes
Started Started Manufacturing of Manufacturing of Acquisition of ‘Lloyd’ Acquired global business ERW Pipes at Hollow Sections at consumer durable Sikanderabad of ‘Sylvania’ Sikanderabad business Started Manufacturing * Launched Fans & of Cold Rolled Coils & * Divestment of ‘Sylvania’ Lighting Strip
Slide 11: Product launches: hollow pipes, crash guard, GP pipes
2012: Hollow Pipes 2016: GP Pipes 2017 : GI Pipes in South 2015: Metal Beam Crash Guard 2019 : CR Coils 1250mm
Slide 12: Value for money and distribution network
Started Started Annual MoU Manufacturing of Manufacturing of Acquisition of ‘Lloyd’ Acquired with global business ERW Pipes at Hollow Sections at consumer durable Sikanderabad ofDistributors ‘Sylvania’ Sikanderabad business Increasing Continuously satisfaction expanding level of end Distribution con
Slide 13: Shareholding Pattern as on 30.09.2020
Shareholding Pattern As on 30.09.2020 Promoters- single business focus Transparent and detailed communication to Foreign Financial shareholders Portfolio Institutions/ Investors Banks 1% 0% Committed to high standards of corporate and shareholder governance Individuls Non institution Well ex
Slide 14: Certifications and awards
DNV BUSINESS ASSURANCE CERTIFICATE OF RECOGNITION EXEMPLARY GROWTH & AMONG TOP 100 SMEs CERTIFICATE MINISTRY OF COMMERCE INNOVATION AWARD SKOCH GROUP INDUSTRY SUPER SME BEST COMPANY OF THE YEAR TOP PERFORMER AWARD AWARD PERFORMANCE EXCELLENCE AWARD FROM SAIL IBC CORPORATION, USA MINISRY OF STEEL, GO
Slide 15: Financials
FINANCIALS PIPES
Slide 16: Q2 and H1 FY21 performance highlights
Sales Volume (MT) Net Revenues (Rs. Crore) EBITDA (Rs. Crore) PAT (Rs. Crore) 86,010 66,110 381.6 275.4 0 6.50 0 19.14 4.47 11.05 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 4.01% 5.02% 1.62% 1.70% Margin as % of Net Revenue 29.60 11.50 135150 598.8 533.4 28.28 7.02 121090 H1 FY2
Slide 17: Chairman's comments on Q2 FY21 performance
Commenting on the Company’s performance for Q2 FY 21, Mr. Ajay Kumar Bansal, Chairman and Managing Director, HI-Tech Pipes Ltd. said: “The overall performance for Q2 is better than last year as well as well the previous quarter due to higher sales offtake which resulted in better capacity utilizatio
Slide 18: Q2 and H1 FY21 income statement
Rs. (in Lakhs) Q2 FY21 Q2 FY20 Y-o-Y % Q1 FY21 Q-o-Q % H1 FY21 H1 FY20 Y-o-Y % Total Income from 38155.35 27535.00 39% 15187.65 - 53343.00 59884.00 Operations (11 %) Raw Materials 34753.74 25041.00 13280.00 48033.85 54276.01 Employee Cost 457.24 448.90 319.48 776.63 838.00 Other Cost 1030.04 938.10
Slide 19: Balance sheet as of 30 September 2020
As on As on As on As on Rs.(in Lakhs) th st Rs.(in Lakhs) th st 30 Sept– 20 31 March– 20 30 Sept– 20 31 March– 20 Equity 18062.18 17360.26 Non-current Assets 23034.03 20901.93 Equity Share Capital 1092.61 1092.61 Property, Plant and Equipment 17473.18 17297.29 Other Equity 16969.57 16267.65 Liabilit
Slide 20: Historical volume, revenue, EBITDA and PAT FY15-FY20
Volume MT (in 000’s) Revenue (Rs. Cr) 1360 500 1210 Capacity 425 1015.7 300 300 283.0 240 269.0 226.0 637.4 180 503.9 137.8 158.4 458.4 100.1 FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 80 12% 70 2.10% 2.00% 60 6.3% 6.3% 8% 1.60%
Slide 21: ROA, RoCE and RoE
ROA (%) RoCE (%) 5.4% 4.7% 19.1% 18.9% 3.6% 14.7% 15.2% 15.8% 2.9% 11.9% 12.3% 2.3% 2.3% 1.2% FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY14 FY15 FY16 FY17 FY18 FY19 FY20 RoE (%) 22.1% 20.8% 14.5% 11.9% 11.4% 12.7% 7.8% FY14 FY15 FY16 FY17 FY18 FY19 FY20
Slide 22: FY20 annual income statement
Rs. (in Lakhs) FY20 FY19 Y-o-Y % Sales Volume ( in MT ) 283200 269100 5.25 % Total Income from Operations 120961.50 136042.24 -11.08 % Raw Materials 109544.61 123638.66 Employee Cost 1779.17 1367.95 Other Cost 3715.22 3558.67 Total Expenditure 115039.00 128565.29 EBITDA 5922.50 7476.95 -20.86 % Othe