Balu Forge Industries Ltd · NSE:BALUFORGE
Balu Forge Industries — Q2 FY25 Earnings Presentation
19 slides from Balu Forge Industries's earnings presentation, Oct 24, 2024
Slide 1: Submission of Investor Presentation to stock exchanges
Date: October 24, 2024 To, To, Department of Corporate Services, Listing Department, BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, “Exchange Plaza”, C-1, Block-G, Mumbai- 400 001. Bandra Kurla Complex, Bandra (E), BSE: Scrip Code: 531112 Mumbai- 400 051. NSE Tradin
Slide 2: Shareholder's Letter & Results Q2 & H1 FY25
® SHAREHOLDER’S LETTER& RESULTS Q2 & H1 FY25 Earnings Release In This Report, We Cover 1. About BFIL 2. Our Core Strengths & Capabilities 3. Key Performance Indicators & Revenue Split 4. Key takeaways, Key Focus and Favorable Conditions by Overall Industry 5. Consolidated Financial Statements 6. Man
Slide 3: About Balu Forge Industries Ltd (BFIL)
® Balu Forge Industries Ltd (BFIL) About Balu Forge Industries Ltd (“BFIL” or the “Company”) Balu Forge Industries Ltd (BFIL) was Incorporated in 1989 and is engaged in the manufacturing of fully finished and semi-finished crankshafts and Forged Components. It has the capacity to manufacture compone
Slide 4: BFIL's Core Strength and Capabilities
® Balu Forge Industries Ltd (BFIL) BFIL’s Core Strength and Capabilities Proficient in identifying and State-of-the-art leveraging manufacturing facility opportunities with strong backward by strategically integration acquiring valuable capabilities assets at favorable prices Our cutting-edge BFIL’s
Slide 5: Performance Indicators: Revenue from operations
® Balu Forge Industries Ltd (BFIL) Key Performance Indicators (Rs. In Mn) Revenue from operations (In Rs. Mn) Revenue from operations (In Rs. Mn) 2500 4500 2300 ₹2,228.79 ₹3,981.88 4000 2100 3500 1900 ₹1,753.09 3000 1700 ₹2,516.10 1500 2500 ₹1,392.25 1300 2000 1100 1500 900 1000 700 500 500 Q2FY24 Q
Slide 6: Performance Indicators: EBITDA and PAT, quarterly
® Balu Forge Industries Ltd (BFIL) Key Performance Indicators (Rs. In Mn) EBITDA (In Rs. Mn) EBITDA Margin % 700.00 652.216 35.0% 600.00 29.26% 30.0% 500.00 442.62 25.2% 25.0% 21.6% 400.00 301.26 20.0% 300.00 200.00 15.0% 100.00 10.0% Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 PAT (In Rs. Mn) PAT Mar
Slide 7: Performance Indicators: EBITDA and PAT, half-year
® Balu Forge Industries Ltd (BFIL) Key Performance Indicators (Rs. In Mn) EBITDA (In Rs. Mn) EBITDA Margin % 1300.00 30.0% ₹1,084.26 27.2% 1100.00 25.0% 900.00 20.7% 700.00 20.0% ₹520.23 500.00 15.0% 300.00 100.00 10.0% H1FY24 H1FY25 H1FY24 H1FY25 PAT (In Rs. Mn) PAT Margin % 900.00 823.09 800.00 22
Slide 8: Revenue Split (%)
® Balu Forge Industries Ltd (BFIL) Revenue Split (%) Segment Wise Revenue Split H1FY25 Segment Wise Revenue Split H1FY24 10 5 5 6 10 12 45 15 55 15 5 5 5 7 Agriculture Defence Oil & Gas Agriculture Defence Oil & Gas Power Generation Heavy Engineering Industrial Machinery Power Generation Heavy Engin
Slide 9: Takeaways: Order Book & Capacity Addition
® Balu Forge Industries Ltd (BFIL) Key Takeaways Order Book & Capacity Addition The company has a strong order book for its existing infrastructure and the infrastructure that is expected to be commercialized soon. The 32,000 tons of machining capacity is fully booked, and the forging output from th
Slide 10: Takeaways: Expansion in Balu Family, Positive Cash Flow
® Balu Forge Industries Ltd (BFIL) Key Takeaways Expansion in Balu Family In the recent quarters the recruitment drive has been very expansive & will continue on the same trend for the coming quarters & years to come. The company has added key personnel to new & expanding roles in the company throug
Slide 11: Takeaways: Working Capital Cycle, Reduction in Debtor Days
® Balu Forge Industries Ltd (BFIL) Key Takeaways Working Capital Cycle The company has significantly reduced its working capital cycle from 137 days to 106 days on Y-o-Y basis, enhancing financial health and operational efficiency. By optimizing inventory management, improving receivables processes,
Slide 12: Focus Areas
® Balu Forge Industries Ltd (BFIL) Key Focus Areas Focus Area Capacity Expansion Product Expansion Higher Market Share Customer Addition Geographic Expansion Key outline of the strategy Forging & Machining Diversifying our product Aiming to expand market Focused on adding new Expanding our reach wit
Slide 13: Favorable Conditions: Global and Indian Forging Industry Growth
® Balu Forge Industries Ltd (BFIL) Favorable Conditions by Overall Industry Global Forging Industry Growth The global forging market is experiencing strong growth and is expected to increase from $81.13 billion in 2023 to $157.94 billion by 2032, growing at a CAGR of 7.6%. This growth is fueled by h
Slide 14: Indian Government Support for the Forging Industry
® Balu Forge Industries Ltd (BFIL) Favorable Conditions by Overall Industry Indian Government Support for the Forging Industry The Indian government is actively promoting the growth of the forging industry through various initiatives: • Make in India: This flagship initiative encourages domestic man
Slide 15: Consolidated Income Statement
® Balu Forge Industries Ltd (BFIL) Consolidated Income Statement Particulars (Rs. Mn) Q2 FY25 Q2 FY24 YoY% H1 FY25 H1 FY24 YoY% Revenue from Operations 2228.79 1392.25 60.09% 3981.88 2516.10 58.26% Other Income 25.00 40.61 35.59 41.68 Total Income 2253.79 1432.86 4017.47 2557.78 Total Expenses excl.
Slide 16: Balance Sheet
® Balu Forge Industries Ltd (BFIL) Balance Sheet: Particulars (Rs. Mn) As of 30th Sep' 24 As of 31st Mar' 24 Particulars (Rs. Mn) As of 30th Sep' 24 As of 31st Mar' 24 Assets Equity and Liabilities PP&E 266.41 241.71 Equity Share Capital 1,094.42 1,025.92 Right to Use of Assets 41.34 0.129 Other Equ
Slide 17: Management Commentary
® Balu Forge Industries Ltd (BFIL) Management Commentary Commenting on the performance of Q2FY25, Mr. Trimaan Chandock, Executive Director of BFIL stated: “The Indian precision engineering industry is on the verge of its next significant growth phase, driven by a rapid transformation as companies gl
Slide 18: Management Commentary
® Balu Forge Industries Ltd (BFIL) Management Commentary Overall, these enhancements have not only stabilized the company’s financial position but also enhanced its competitive edge in the sector. The successful reduction in debtor days from 177 Days in H1FY24 to 119 Days in H1FY25 has had a transfo
Slide 19: Together We Will Win
TOGETHER WE WILL WIN
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