Harsha Engineers International Ltd. · NSE:HARSHA
Harsha Engineers International — Q4 FY2023 Earnings Presentation
19 slides from Harsha Engineers International's earnings presentation, May 25, 2023
Slide 1: Stock exchange cover letter on audited results presentation
HEIL/SE-15/2023-24 May 25, 2023 To, To, The Manager (Listing), The Manager (Listing), The BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, "Exchange Plaza", C-l, Block - G, Dalal Street, Bandra - Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Script Code N
Slide 2: Earnings Presentation – Quarter and year ended Mar'23
Harsha Engineers International Limited Earnings Presentation – Quarter and year ended Mar’23
Slide 3: Disclaimer/ Safe Harbor
Disclaimer/ Safe Harbor Cautionary statement regarding forward-looking statements ● This presentation may contain certain forward-looking statements relating to Harsha Engineers International Limited (“HEIL”, or “Company””) and its future business, development and economic performance. These stateme
Slide 4: Index
Index Quarter and Year End Highlights Business Update Summary on use of IPO Proceeds Company Overview 3 Privileged & Confidential, © 2022, All Rights Reserved.
Slide 5: Quarter and Year End Highlights
QUARTER and YEAR END HIGHLIGHTS
Slide 6: Financial Highlights - QoQ
Financial Highlights - QoQ Amount ₹ in Lakhs Revenue - Engineering CONSOLIDATED EBITDA - Engineering CONSOLIDATED PAT - Engineering CONSOLIDATED EBITDA EBITDA % PAT PAT % Revenue outside 62.7% 65.2% 62.7% India (%) 35000 3,261 30000 5,646 3,300 3,213 5,700 20.0% 25000 3,250 18.0% 18.5% 10.8% 5,650 3
Slide 7: Financial Highlights - YoY
Financial Highlights - YoY Amount ₹ in Lakhs Revenue - Engineering CONSOLIDATED EBITDA - Engineering CONSOLIDATED PAT - Engineering CONSOLIDATED EBITDA EBITDA % PAT PAT % Revenue outside 63.3% 64.3% India (%) 140000 120000 21,810 14,000 12,309 9,567 22,500 20.0% 100000 9.5% 12,000 22,000 18.0% 21,50
Slide 8: Business Update
Business Update ➢ On a consolidated basis, the revenue from operations had moderate growth in FY 2023 as compared to FY 2022. However, after adjusting the commodity price reduction, the global growth in volume terms is relatively healthy. ➢ Primarily Europe slowdown emanating out of steep inflation
Slide 9: Consolidated P & L Statement
Consolidated P & L Statement (Amount ₹ in Lakhs) Particulars Q4 FY23 Q3 FY23 Q4 FY22 FY23 FY22 REVENUE : Revenue from Operations 34,369 30,068 36,888 1,36,402 1,32,148 Other Income 582 1,350 676 2,979 1,752 TOTAL REVENUE 34,951 31,418 37,564 1,39,381 1,33,900 EXPENSES : Cost of Material Consumed 17,
Slide 10: Certain Key Parameters and Break Up
Certain Key Parameters and Break Up (Amount ₹ in Lakhs) Particulars Q4 FY23 Q3 FY23 Q4 FY22 FY23 FY22 Revenue from Operations - Engineering & Others - Consolidated 32,477 29,719 33,322 1,29,866 1,23,853 - Engineering & Others - India 22,882 22,290 24,041 95,936 87,350 - Solar - EPC and O & M 1,892 3
Slide 11: Working Capital – Consolidated – Key Parameters
Working Capital – Consolidated – Key Parameters Amount ₹ in Lakhs Sr. Particulars FY22-23 Q3 FY23 Q2 FY23 Q1 FY23 2021-22 1 Inventories a. Raw Material - Amount 9,017 9,340 9,296 9,661 8,203 No. of Days 24 25 24 22 23 b. Semi Finished- Amount 2,627 2,700 2,892 2,308 2,661 No. of Days 7 7 7 5 7 c. Fi
Slide 12: Utilisation of IPO Proceeds as on 31st March 2023
Utilisation of IPO Proceeds as on 31st March 2023 Amount (₹ Particulars Lakhs) Total IPO Proceeds 45,500 Less: IPO Expenses (2,560) Net Proceeds as per Prospectus 42,940 Less: IPO Expenses (excess contingencies hold) - Net Proceeds available 42,940 ₹ in Lakhs Amount as proposed in Amount Unutilised
Slide 13: Company Overview
Company Overview
Slide 14: Harsha At A Glance
Harsha At A Glance Largest manufacturer of precision bearing cages in India* 50-60% of domestic 6.5% of the market share in the global organized bearing brass, steel and polyamide market share cages market^ 4 strategically located manufacturing facilities with various warehouses at different locatio
Slide 15: Bearing cages | ~US$5.2bn market expected to grow at ~6.4%
Bearing cages | ~US$5.2bn market expected to grow at ~6.4% Bearing cages form an important component Bearing cages have increasing usage across High growth bearing cages market within Bearings key fast-growing end user industries Global Bearings Market Domestic Bearings Market Global Bearing Cages M
Slide 16: Comprehensive solution provider offering diversified suite of precision engineering products
Comprehensive solution provider offering diversified suite of precision engineering products Bearing Cages Different designs of bearing cages with diverse applications Thrust Roller Spherical Roller Cylindrical Roller Sand Casting Bronze Precision Stamping Taper Roller Deep Grove Angular Contact Bal
Slide 17: Expertise in tooling, design development and automation
Expertise in tooling, design development and automation Full-service capabilities Tooling Design Tool Manufacturing under one roof • Expertise to design and develop • Comprehensive tooling, testing and advance tooling inhouse which measurement infrastructure enables HEIL to manufacture • Dedicated t
Slide 18: Key Strategies going forward
Key Strategies going forward Enhance market leadership in bearing cages and customer base expansion Growing bronze bushings and specialised component segment Increased focus on developing products suited to capture market opportunity in the growing EV segment Retain and strengthen technological lead
Slide 19: Thank You
THANKYOU ( Harsua ENGINEERS
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