Hle Glascoat Ltd · NSE:HLEGLAS
Hle Glascoat — Investor Presentation (February 2025)
44 slides from Hle Glascoat's investor presentation, Feb 12, 2025
Slide 1: Regulation 30 disclosure cover letter to stock exchanges
February 12, 2024 To, To, The Manager (CRD) The Manager - Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 522215
Slide 2: Investor Presentation - HLE Glascoat Limited, February 2025
INVESTOR PRESENTATION HLE Glascoat Limited HLE Glascoat Corporate Limited Presentation February 2025 May 2023
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of HLE Glascoat Limited (the “Company”). 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 induc
Slide 4: Financial Performance
Financial Performance Key Operating Ratios and Financial Statements 3
Slide 5: HLE Glascoat Overview
HLE Glascoat Overview Leading Manufacturer of specialised Operating in segments with high barriers to Well diversified revenue streams processing equipment critical for chemical entry from multiple products and pharmaceutical industries Modern certified manufacturing facilities of Diversified order
Slide 6: Quarter at a Glance: Order Book Growth, Strong Financials, and Strategic Focus
Quarter at a Glance : Order Book Growth, Strong Financials, and Strategic Focus Propel Performance Q3 FY25 ₹ 23,102.9 Lakhs ₹ 2,757.1 Lakhs ₹ 1,028.2 Lakhs Revenue From Operations EBITDA PAT -3.4% Y-o-Y -4.0% Y-o-Y +72.1% Y-o-Y 9M FY25 ₹ 69,388.0 Lakhs ₹ 8,668.9 Lakhs ₹ 3,012.3 Lakhs Revenue From Op
Slide 7: Fueling Growth: Strong Orders, New Products, and Wider Reach
Fueling Growth: Strong Orders, New Products, and Wider Reach Strong topline growth driven by a robust order book and Product Expansion inquiries Order Book Visibility (No. of months) Successfully Thaletec Launched SS products are now 9 Reactors. launched in India 8 Pharmaskid and The Heat Transfer C
Slide 8: Q3FY25 Highlights: Quarterly Performance
Q3FY25 Highlights Revenue from Operations EBITDA PAT -3.4% -4.0% +72.1% 23,923.1 23,577.9 23,102.9 3,548.8 1,442.1 2,870.6 2,757.1 1,028.2 Quarterly Performance (₹ in lakhs) 597.4 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Q3Y24 Q2FY25 Q3FY25 EBITDA Margins PAT Margins 15.1% 6.1% 12.0% 11.9% 4.5% 2.5
Slide 9: 9MFY25 Highlights: Nine Months Performance
9MFY25 Highlights Revenue from Operations EBITDA PAT 5.0% 5.2% +15% 66,108.8 69,388.0 8,242.3 8,668.9 3,012.3 2,608.6 Nine Months Performance (Rs in lakhs) 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 EBITDA Margins PAT Margins 12.5% 12.5% 4.3% 3.9% 9MFY24 9MFY25 9MFY24 9MFY25 8
Slide 10: Q3FY25 Revenue Breakup
Q3FY25- Revenue Breakup INDUSTRY-WISE REVENUE BREAK-UP PRODUCT-WISE REVENUE BREAK-UP Others Others 16% 11% Filters 36% Service and Spares 10% 45% API & Pharma 6% Proprietary Dryers 41% Speciality Chemicals 3% 32% Agrochemicals & Pesticides Reactors Our customers are spread predominantly across the W
Slide 11: Profit & Loss: Q3 FY25
Profit & Loss: Q3 FY25 ₹ in Lakhs Particulars Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q 9M FY25 9M FY24 Y-o-Y Revenue from Contract with Customers 23,102.9 23,923.1 -3.4% 23,577.9 -2.0% 69,388.0 66,108.8 5.0% Other Income 193.3 402.9 138.8 510.5 685.3 Total Revenues 23,296.2 24,326.0 -4.2% 23,716.6 -1.8%
Slide 12: Segmental Performance: Filtration, Drying and Glass Lined Equipment
Segmental Performance ₹ in Lakhs Segment Revenue Segment Result - EBIT Segment Assets & Liabilities Assets Filtration, Drying and Other Liabilities +15.6% +5% 37,366.7 5,135.2 39,188.0 34,418.8 4,595.8 34,402.2 31,410.6 4,377.8 4,442.9 Equipment 30,467.7 24,175.0 20,488.4 2,447.8 13,141.1 5,958.9 7,
Slide 13: Segmental Performance: Heat Transfer Equipment
Segmental Performance ₹ in Lakhs Segment Revenue Segment Result - EBIT Segment Assets & Liabilities Assets Liabilities Heat Transfer Equipment 8,869.6 2,160.3 35,655.5 6,815.9 29,684.8 20,783.4 860.4 2,929.2 687.1 11,798.7 5,694.9 6,119.0 FY24 9MFY24 9M FY25 FY24 9MFY24 9M FY25 Jun-24 Sep-24 Dec-24
Slide 14: Financial Performance - Consolidated
Financial Performance - Consolidated Revenue from Operations (₹ Lakhs) Order Book (₹ Lakhs) EBITDA (₹ Lakhs) & EBITDA Margin 93,202.3 96,792.0 68,323.8 19.7% 18.0% 15.6% 69,388.0 47,936.1 12.5% 65,221.8 45,740.7 12.5% 40,265.1 48,448.9 14,507 11,776 12,088 19,006.6 9,559 8,669 FY21 FY22 FY23 FY24 9M
Slide 15: Working Capital Analysis
Working Capital Analysis Inventory Receivables Days Days 137 90 82 113 116 77 105 109 61 43 FY21 FY22 FY23 FY24 9M FY25 FY21 FY22 FY23 FY24 9M FY25 Payables Net Working Capital Days Days 118 124 105 108 95 95 104 72 74 38 FY21 FY22 FY23 FY24 9M FY25 FY21 FY22 FY23 FY24 9M FY25 14
Slide 16: Evolution of the Group
Evolution of the Group Growth from Engineering Excellence 15
Slide 17: Background
Background “ Late Dr. K. H Patel, obtained his Master’s Degree in Chemical Engineering from University of Southern California and PhD from Columbia University New York, returned home to ” contribute to a newly independent India. Over the years, the Group has expanded its horizon. The Group is a lead
Slide 18: Our Products: Application and Functioning
Our Products: Application and Functioning Glass Lined Equipment Filtration & Drying Equipment 17
Slide 19: Diversified Product Portfolio
Diversified Product Portfolio Filtration Drying Custom Jobs Agitated Nutsche Filters Rotary Vacuum Paddle Dryers Tailor made equipment in a range of Agitated Nutsche Filter-Dryers Rapid Disc Dryers/Coolers MOCs fabricated up to 75mm thick, 60 Kilo-lab Filter-Dryers Spherical Dryers m3 capacity and o
Slide 20: Our Journey: Key Milestones
Our Journey: Key Milestones 2017 2024 1981 2021 Acquisition – Operations Begin- HLE acquires Swiss Acquisition – Glascoat Clean Max HL Engineers Thaletec GmbH Anchorage HLE expands into Glass Lined HLE begins operations, HLE Glascoat acquires the global Acquired a 26% stake in Equipment with the man
Slide 21: Our Journey: Key Milestones
Our Journey: Key Milestones Largest One of the Largest 30+ Player in India 25+ Players in India Years of Filtration Years of Glass and Drying “Preferred Supplier” Lining In Glass Lined Equipment Leading Global Presence Acquisition of Thaletec Manufacturer of ANFDs 600+ 2,000+ Filters p.a. GL Equipme
Slide 22: Manufacturing Facilities
Manufacturing Facilities MAROLI WORKS ANAND WORKS • 15,000 m2 built-up area with nearly 13,000 m2 covered under 40 EOT • 20,000 m2 floor area covered by 33 EOT cranes. cranes. • Five SCADA controlled electric and gas fired furnaces for glass • Machine shop including VMCs, CNC Turn-mill, CNC drilling
Slide 23: Manufacturing Facilities
Manufacturing Facilities SILVASSA WORKS • 8600 m2 floor area covered by 18 EOT cranes. • Well developed welding capabilities with pulsed arc welding systems and over 30 qualified welders. • Jigs, fixtures, welding manipulators and specialized tooling for fast and repeatable performance. • Machine sh
Slide 24: Competitive Edge: Product Engineering
Competitive Edge: Product Engineering Pilot Plant and R&D Facility Application Center Fully Equipped Design and Engineering Capabilities • Pilot plant and R&D facility present at With • Design & Engineering team of more than 35 Maroli • Filtration & Drying Equipment – ANFDs, RVPDs engineers. • Our p
Slide 25: Competitive Edge: Product Engineering
Competitive Edge: Product Engineering Special Purpose Machines (SPMs) and Tooling • Optimized every step of the fabrication process with SPMs developed and built by our team of process engineers. • Our SPMs dramatically reduce the manhours required for a job and increase process repeatability. At th
Slide 26: Robust Systems
Robust Systems ASME Accreditation CE Compliance JIS Compliance Authorized to use Designing and manufacturing Designing and ASME ‘U’, ‘NB’ and ‘R’ in compliance with CE as per manufacturing in Stamps for pressure Pressure Equipment, ATEX, compliance with ‘JIS’. vessels. Machinery, Electromagnetic, Lo
Slide 27: Project Showcase: Glass Lined Equipment
Project Showcase: Glass Lined Equipment Tilting Multifunction ANFD 8KL Pharma RVPD USA India Reactor, Filter, Dryer and Crystallizer built into A cantilever RVPD, supplied with a quick one opening front cover. ASME U-Stamp Certified MOC: SS316L MOC: SS316L ANFD for Sterile Application Australia 30KL
Slide 28: Project Showcase: Glass Lined Equipment
Project Showcase: Glass Lined Equipment Delivered 50 and 65 KL Tanks 32 and 40KL GMP Reactors Products at India India Scale Glass lined vessels supplied in the Indian Glass lined GMP reactors manufactured market followed by a repeat orders, and sold in the country. taking the total to 8 installation
Slide 29: Project Showcase: Custom and Exotic Metal Equipment
Project Showcase: Custom and Exotic Metal Equipment Continuous Pan Filter Oyster Filter Germany Germany 6m diameter pan for a continuous type filter 6m Diameter rotating type continuous filter, rotating within the tolerance of 3mm compliant with ASME, CE and JIS Standards MOC: Inconel MOC: SS316L Hi
Slide 30: Geographical Presence
Geographical Presence Strong Domestic Sales Network and Global Footprint Europe Russia Sales Network Channel Partner USA Ahmedabad Sales Network Saudi Arabia Channel Partner Channel Partner Vadodara Thailand Anand Channel Partner Channel Partner Regd. Office Surat Hyderabad Singapore Sales Office Ch
Slide 31: Experienced Management Team
Experienced Management Team Himanshu Patel He is a qualified Electrical Engineer graduating from the University of Bombay in the year 1976 and has more than 45 years of experience in the business of chemicals and engineering. Nilesh Patel He has completed his BSc (Chemistry) from the University of B
Slide 32: Professional Management Team – India
Professional Management Team – India Chief Financial Officer Director Sales and Vice President Sales Vice President – Product Marketing and People and Marketing Excellence Success Total Experience: 19 years Total Experience: 18 years Total Experience: 23 years Total Experience: 30 years B Com, CA M.
Slide 33: Corporate Structure of HLE
Corporate Structure of HLE HLE Glascoat Limited 100% 70%* 99% Thaletec GmbH Kinam Engineering Industries Thaletec (Firm in India) Private Limited (Kinam) 100% Thaletec Inc *The Company directly owns 35.56% in Kinam. Post approval of the amalgamation with Kinam Enterprise Private Limited (which owns
Slide 34: Thaletec GmbH
Thaletec GmbH Leader in Glass Lined Equipment 33
Slide 35: Thaletec GmbH: Overview
Thaletec GmbH :- Overview • Thaletec GmbH is a wholly owned subsidiary of HLE Glascoat Limited, acquired in December 2021 • A technology driven company specializing in designing and manufacturing Glass Lined Equipment for the chemical and pharmaceutical industries • Market leader in its segment in t
Slide 36: Highlights - Thaletec GmbH
Highlights- Thaletec GmbH 37,000 m2 Plant Area >50% Market Share Leading Innovator Largest Glass Lining Plant Market Leader in the most 17 Patents, Designs and in Europe demanding DACH markets Trademarks Centuries of Legacy Technology Driven Manufacturing since 1686, Continuing to innovate Glassing
Slide 37: Manufacturing Facilities
Manufacturing Facilities THALETEC, GERMANY • Operates a 40,000 sq. m., manufacturing facility with more than 160 employees • ISO 9001 : 2015 and EN ISO 50001 : 2018 • Capabilities to manufacture equipment with dimensions of up to 100,000 liters volume • Unmatched product offering; offers multiple on
Slide 38: Kinam Engineering Industries
Kinam Engineering Industries Leader in Heat Transfer Equipment 37
Slide 39: Kinam Engineering Industries - Overview
Kinam Engineering Industries - Overview Cumulative for FY19 to FY22 Chemicals and pharmaceutical sectors account for 60 – 70% of Kinam Engineering Industries Private Limited (Kinam) is engaged in the business of revenues manufacturing heat exchangers for the chemical and pharmaceutical industries. K
Slide 40: Widest Product Range in the Industry
Widest Product Range in the Industry Shell & Tube Heat Exchanger Corrugated Tube Heat Exchanger Spiral Heat Exchanger Box Heat Exchanger Brand & product • Integrated with KICC corrugated • Similar to conventional tubular Comprises of circular units tube technology • Consists of a shell with a bundle
Slide 41: Capabilities
Capabilities Dedicated and Specialists in Pioneer Team led by State-of-the- Supports experienced heat among Indian professionals art software project engineering, exchangers - players on and capability for specific design & knowledge multiple experienced designing, customised proposal base technolog
Slide 42: Manufacturing Facility
Manufacturing Facility • The Manufacturing Facility is situated at Ambernath (near Mumbai), with a total area of 1,10,000 sq fts, area under cranes ~ 70,000 sq ft. in a leased premises o It is well equipped with state-of-the-art equipment, a single EOT crane of 50T capacity o The Facility is capable
Slide 43: Capitalizing on Opportunities
Capitalizing on Opportunities Only manufacturer that One of the largest players offers the full range of in this space heat transfer solutions Adjacencies in the business in Also caters to other than terms of customer profile, chemical – Paint, Petrochem, manufacturing etc. Bulk Chemicals etc. Has r
Slide 44: Thank You
Thank You Company : Investor Relations Advisors : Mr. Naveen Kandpal Chief Financial Officer investor.relations@hleglascoat.com Orient Capital (a division of Link Group) investor.relations@hleglascoat.com Mr. Ronak Jain CIN: L26100GJ1991PLC016173 +91 98209 50544 ronak.jain@linkintime.co.in ronak.jai