Prince Pipes And Fittings Ltd · NSE:PRINCEPIPE
Prince Pipes And Fittings — Q1 FY2025 Earnings Presentation
37 slides from Prince Pipes And Fittings's earnings presentation, August 2024
Slide 1: Investor Presentation Q1 FY25
INVESTOR PRESENTATION Q1 FY25 PRINCE PIPES AND FITTINGS LIMITED
Slide 2: Disclaimer
DISCLAIMER This information may contain certain forward-looking statements/details in the current scenario, which is extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances, achievements or sequence of events may be materially different from the views ex
Slide 3: Contents
04 Results Overview 11 Company Overview Contents 22 Product Portfolio 28 Poised for Future Growth
Slide 4: Results Overview
Results Overview
Slide 5: Performance Highlights – Q1FY25
PERFORMANCE HIGHLIGHTS – Q1FY25 1 Q1FY25 revenues were higher by 9% YoY at ₹ 604 crore as compared to ₹ 554 crore in Q1FY24 2 Volumes increased by 14% YoY in Q1FY25 at 42,180 MT as compared to 37,155 MT in Q1FY24 3 EBITDA for Q1FY25 improved by 29% YoY at ₹ 58 crore versus ₹ 45 crore in Q1FY24 • Mar
Slide 6: Business Highlights
BUSINESS HIGHLIGHTS Launched Greenfit PPR for (Heating, ventilation, and air conditioning) HVAC during the quarter. Finds application in hotels, commercial spaces, malls, hospitals and industry. PPR is an ideal material for hot & cold water plumbing systems in buildings & Industrial piping installat
Slide 7: Business Highlights – Branding Initiatives
BUSINESS HIGHLIGHTS – BRANDING INITIATIVES Prince Pipes inaugurated the iconic Metro wrap, ushering in a new era of collaboration and urban innovation. Channel partners and team members flagged off an exciting journey to bring the elegant & stylish bathware, sanitaryware & accessories range Aquel by
Slide 8: Financial Performance for Q1FY25
FINANCIAL PERFORMANCE FOR Q1FY25 REVENUE FINISHED GOODS SALES VOLUME (₹ in Crs.) (in MT) 604 554 42,180 37,155 Q1FY24 Q1FY25 Q1FY24 Q1FY25 EBITDA PAT (₹ in Crs.) (₹ in Crs.) 58 25 20 45 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Investor Presentation | 8
Slide 9: Profit & Loss Statement as on 30th June 2024
PROFIT & LOSS STATEMENT AS ON 30th JUNE 2024 Particulars Q1FY25 Q1FY24 Y-o-Y (%) Total Sales 604 554 9 Raw Material Consumed 437 414 6 Employee benefit expenses 38 32 19 Other Expenses 71 63 15 EBITDA 58 45 27 EBITDA Margin (%) 9.6 8.1 150 Bps Depreciation 26 22 18 EBIT 32 23 39 EBIT Margin (%) 5.2
Slide 10: Working Capital Cycle
WORKING CAPITAL CYCLE 95 80 68 58 57 55 36 36* 66 67 78 59 47 70 40 77 59 62 40 66 60 85 77 56 57 56 83 62 50 61 70 50 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Q1FY25 Debtor Days Inventory Days Creditor Days Working Capital Days * Reclassified to 15 days based on regrouping of financials for FY 21 Investo
Slide 11: Company Overview
Company Overview
Slide 12: Company Overview
COMPANY OVERVIEW Over the last 4 decades, Prince Pipes VISION has emerged as a leader in the Indian pipes and fittings industry, creating innovations in plumbing, To be an acknowledged leader in Indian irrigation, storage, and sewerage plastic piping industry by exceeding systems. Now the journey ha
Slide 13: Company at a Glance
COMPANY AT A GLANCE 1987 7 10 7,200+ 1,500+ CRISIL A+ Incorporation No. of Facilities Warehouses SKUs Channel Partners Outlook: STABLE 1,973 7,164 cr. 183 cr. ~ 3,49,528 MTPA AQUEL BY PRINCE & PAT Employees Market Cap Total Installed PRINCE TRUBORE (Aug 01st, 2024) (For FY 2024) Capacity Piping Prod
Slide 14: Our Journey
OUR JOURNEY… Acquired “Trubore”- from Chemplast Sanmar Group Manufacturing unit at Athal along with their two (Silvassa-D & N.H) manufacturing units at established to set-up a large- Prince Pipes achieved the Kolhapur & Chennai scale Injection Moulding Rs.100 Crore benchmark facility 1989 2000 2008
Slide 15: ...Our Journey
…OUR JOURNEY Mr. Jayant Chheda, CMD, bestowed with the Manufacturing unit Lifetime Achievement Award by Modern Plastics commissioned at Sangareddy, Telangana, to strengthen Embarks on a new phase of growth with launch Manufacturing unit at strategic presence in South of Modern Plumbing and Bathware
Slide 16: Growth Strategy
GROWTH STRATEGY BUILDING PRESENCE ACROSS THE PRODUCT CHAIN TO STRENGTHEN INDIA’S WATER INFRASTRUCTURE PRESENCE ACROSS WATER INFRASTRUCTURE - ADDING DEPTH TO PRODUCT PORTFOLIO • Continue to launch state-of-art products in the piping division to bring innovative and global products to the domestic mar
Slide 17: Piping Industry Growth Drivers
PIPING INDUSTRY GROWTH DRIVERS India still has way to go with water Government’s strong & clear intent on ensuring Awareness & education on pipes and global infrastructure acts as a force multiplier standards • 600 million Indians face high to extreme stress over water, Led by Government’s continued
Slide 18: Key Business Segments
KEY BUSINESS SEGMENTS NEW APPLICATIONS FAUCETS | SANITARYWARE Bring Home world class plumbing solutions SHOWERS | CISTERNS PIPING BUSINESS WATER STORAGE Investor Presentation |18
Slide 19: Manufacturing Facilities Across the Country
MANUFACTURING FACILITIES ACROSS THE COUNTRY Product - Fittings Product - Pipes & Tanks Product - Pipes, Fittings Product – Pipes & ATHAL DADRA HARIDWAR & Tanks CHENNAI Tanks 1995 2000 2008 2012 Installed Installed Installed Installed Capacity 11,868 MTPA Capacity 72,468 MTPA Capacity 100,069 MTPA Ca
Slide 20: Growing Distribution Network
GROWING DISTRIBUTION NETWORK Jammu & Kashmir Himachal Pradesh Punjab Uttarakhand HARIDWAR Haryana Ghaziabad Delhi JAIPUR Siliguri Rajasthan Guwahati Uttar Pradesh Assam Bihar West Bengal Gujarat Agartala Madhya Pradesh Howrah Morbi Chhattisgarh Kolkata ATHAL (D & N.H) DADRA (D & N.H) Nagpur Bhubanes
Slide 21: Board of Directors
BOARD OF DIRECTORS INDEPENDENT & NOMINEE DIRECTORS Mr. Rajendra Gogri Associated with the Independent Director company since 1996. Was awarded Brings experience of nearly four decades Inspiring ‘Business and served as the Chairman & Managing Leader Award 2016’ Director of Aarti Industries Ltd. His s
Slide 22: Product Portfolio
Product Portfolio
Slide 23: Expanding Range of Products
EXPANDING RANGE OF PRODUCTS • PLUMBING • INDUSTRIAL • SEWERAGE • WATER STORAGE • UNDERGROUND DRAINAGE • MODERN PLUMBING • SURFACE DRAINAGE • CABLE PROTECTION • AGRICULTURE • BATHWARE • BOREWELL • PTMT TAPWARE • SUB SURFACE DRAINAGE Investor Presentation |23
Slide 24: Product Basket
PRODUCT BASKET PLUMBING & SEWERAGE & INDUSTRIAL SYSTEMS UNDERGROUND Investor Presentation |24
Slide 25: Product Basket
PRODUCT BASKET AGRICULTURE, WIRE PROTECTION WATER STORAGE & SUB SURFACE DRAINAGE PTMT TAPWARE Investor Presentation |25
Slide 26: New Addition to Portfolio
NEW ADDITION TO PORTFOLIO Brings home world class plumbing solutions with German Technology • Skolan Safe Premium PP Silent Drainage Systems - offers the latest • Prince Hauraton - An innovative range of drainage systems developed technological innovation in noise insulated drainage systems sound wi
Slide 27: New Addition to Portfolio
NEW ADDITION TO PORTFOLIO A strong platform, complementary to Prince’s growth plans in the high growth Indian bathware market Signed an Asset Purchase Agreement with Klaus Waren Fixtures Pvt Ltd., for the acquisition and assignment of identified assets for Rs. 55 crores in March 2024 Acquisition pre
Slide 28: Poised for Future Growth
Poised for Future Growth
Slide 29: Global Collaborations
GLOBAL COLLABORATIONS World class technology to strengthen India’s water infrastructure Product Product Product Technical Collaboration Collaboration Collaboration Collaboration Prince Skolan Safe - Premium Polypropylene (PP) Silent An innovative range of Inventors and largest Drainage System manufa
Slide 30: Always Staying Ahead of the Curve
ALWAYS STAYING AHEAD OF THE CURVE 2008 2012 2014 2020 2021 2023 2024 First company to Acquired Chennai & Early movers in Tie up with Lubrizol to Commissioning of Collaborations to Acquire Renowned venture into North Kolhapur plant Eastern India with a form CPVC compound Telangana plant, bring global
Slide 31: Focus on Triple Bottom Line
FOCUS ON TRIPLE BOTTOM LINE TRIPLE BOTTOM-LINE GOALS GREEN ENERGY 6,85,281 20,717 MT UP TO Q1 FY25 Tree Seedlings Coal Burned Grown for a Decade Reduce Green-house Gas Emissions over the past years Carbon emission reduced (MT/MT production) since MT Carbon Footprint saved 32.91% FY-17 1,07,658 since
Slide 32: Awards & Achievements
AWARDS & ACHIEVEMENTS 2016 2021 2023 2024 Founder and Chairmen Certificate of appreciation Awarded The best channel Mr. Jayant Chheda Awarded Brand of the for active association at the Loyalty Program for second awarded the lifetime year- pipes at Reality+ Gujarat Premier 10th Mega time at the custo
Slide 33: Investment Rationale
INVESTMENT RATIONALE 1 2 3 4 5 Huge headroom for Long term demand Legacy Pipe Committed to Strong domain domestic growth – visibility led by Real manufacturer – core transforming India’s expertise of with Per Capita PVC Estate, Industrial competency growing water infrastructure promoters along with
Slide 34: Corporate Information & Shareholding
CORPORATE INFORMATION & SHAREHOLDING Shareholding Pattern (as on 30st June 2024) Stock Information Market Cap as on 31st July 2024 ₹ 7,164.36 Cr. 24% Stock Price as on 31st July 2024 ₹ 648.00 Institutions 52 Week (High / Low) ₹ 776.00 /521.35 61% 15% Promoters NSE / BSE - Symbol PRINCEPIPE / 542907
Slide 35: Annual Financial Performance
ANNUAL FINANCIAL PERFORMANCE ₹ in Crore Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin 2,657 2,711 15.6% 6.9% 10.7% 9.4% 4.5% 7.1% 2,569 14.0% 17.5% 9.2% 12.0% 2,071 415 249 1,636 362 222 307 183* 229 250 113 121 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23
Slide 36: Outlook
WAY FORWARD OUTLOOK Building presence across the Improving RoCE and RoE Achieving sustainable Reducing costs to ensure Expanding our distribution Introducing value added product chain to strengthen ratios by monitoring volume growth through judicious comfortable EBITDA network across target products
Slide 37: Contact Us
CONTACT US Mr. Anand Gupta CFO 648.00 PRINCE PIPES AND FITTINGS LIMITED Mail: aag@princepipes.com The Ruby, 8th floor, 29, Senapati Bapat Marg, Dadar West, Mumbai - 400028. India Toll free: 1800 267 7555 Mr. Karl H Kolah Email: info@princepipes.com Head - Investor Relations Mail: khk@princepipes.com
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