Sanghvi Movers Limited · NSE:SANGHVIMOV
Sanghvi Movers — Q1 FY2024-25 Earnings Presentation
27 slides from Sanghvi Movers's earnings presentation, Aug 7, 2024
Slide 1: Cover letter to stock exchanges
SANGHVI MOVERS LIMITED Regd. Office : Survey No. 92, Tathawade, Taluka - Mulshi, Pune, Maharashtra - 411033, INDIA Tel. : 020-66744700, 020-27400700 E-mail : sanghvi@sanghvicranes.com Web. : www.sanghvicranes.com SANG HVI CIN No. : L29150PN 1989PLC0541 43 REF: SML/SEC/SE/24-25/37 Date: 07 August 202
Slide 2: Investors Presentation Q1 FY 2024-25
INVESTORS PRESENTATION Q1 - FY 2024-25 1
Slide 3: Index
Index Sr. No. Particulars Page No. Section 1 :Financial Performance 1 Financial highlights 4-7 2 Comments on Financial Performance 8-9 3 Sector Wise Performance Revenue 10 4 Capital expenditure made during the Q1 11 5 Comparative Graphical Presentation 12-16 6 Order Book Position 17 7 Age Wise Debto
Slide 4: Section 1: Financial Performance
Section 1 : Financial Performance 3
Slide 5: Financial Performance For Q1 2024-25
Financial Performance For Q1 2024-25 Total Turnover Profit after Tax Average CU Avg. Blended Yield ₹ 170.56 Crores ₹ 40.60 Crores 77% 2.04% Per Month 4
Slide 6: Financial Performance as on 30 June 2024
Financial Performance as on 30 June 2024 Debt: Equity Net Worth Total Debt Ratio ₹ 317 Crores 0.30:1 ₹ 1053 Crores Avg. Cost of Borrowing 9.06% 5
Slide 7: Financial Performance
Financial Performance Rs. In Crores Sr. Particulars Q1FY25 Q1FY24 FY 2023-24 a) Income from Operations 150.61 146.07 618.53 b) Other Income 19.95 6.03 28.17 c) Total Income (a) + (b) 170.56 152.10 646.70 d) Total Expenditure 76.27 58.00 237.52 e) PBIDIT c) – d) 94.29 94.11 409.19 f) % of PBIDT to To
Slide 8: Financial Performance: Other Income and Revenue Break Up
Financial Performance Break Up of Other Income Sr. Particulars Rs. In Crores 1 Profit on Sale of 10 Nos. Cranes sold during Q1FY 25 4.84 2 Profit on Sale of Depot Land at Chennai & 3 Nos. Flats at Chennai 11.60 3 Others – Interest on FD / Gain from MF Investment 3.38 4 Other Misc. Income 0.13 Total
Slide 9: Comments on the Financial Performance of the Company
Comments on the Financial Performance of the Company a) The Average Capacity Utilization of Crane Fleet has dropped from 84 % of last year to 77% in Q1 FY 25 is primarily on account of better than predicted monsoon & slowdown due to general elections. b) The Average Blended Yield has also dropped fr
Slide 10: Comments on the Financial Performance of the Company
Comments on the Financial Performance of the Company d) Increase in Admin Expenses in Q1FY 25 is primarily on account of increase in Professional Fees paid (~ Rs. 3.50 Crores) to various consultants for exploring various business growth opportunities including diversification and expansion of core b
Slide 11: Sector-wise Revenue for Q1 - FY 2024-25
Sector-wise Revenue for Q1 - FY 2024-25 60.00% Q1 FY 25 Q1FY24 50.00% 48% 46% 40.00% 30.00% 20.00% 18% 13% 10% 8% 9% 11% 9% 7% 8% 10.00% 5% 3% 2% 1% 2% 0.00% Wind Mill Power Refinery & Gas Steel & Metal Cement Wind EPC Project EPC Other Sectors
Slide 12: Capex For FY 2024-25
Capex For FY 2024-25 Till 30th June 2024, Company has completed Capex of Rs. 81 Crores for purchase of cranes & other equipment as under Sr. Particulars of Assets Rs. In Crores 1 18 No. Cranes purchased as under 63.03 1 Boom Lifts / Inserts for Demag CC 3800-1 Cranes 11.71 2 Other Fixed Assets 5.96
Slide 13: Summarized Profitability Statement
Summarized Profitability Statement 700 Rs. In Crores 600 500 400 300 200 100 - Q1FY 25 Q1FY 24 FY24 Total Income 171.00 152.00 647.00 Total Expenditure 76.00 58.00 238.00 PBIDT 95.00 94.00 409.00 PBIDT in (%) 56% 62% 63%
Slide 14: Net Profit & Cash Profit
Net Profit & Cash Profit 350 Rs. In 320 300 250 200 188 150 100 73 74 41 42 50 - 30.06.2024 30.06.2023 31.03.2024 Net Profit / (Loss) 41 42 188 Cash Profit 73 74 320 13
Slide 15: Operational Parameters
Operational Parameters Average Blended Yield Average Capacity Utilisation 2.50% 100% 2.21% 2.20% 2.04% 84% 84% 2.00% 80% 77% 1.50% 60% 1.00% 40% 0.50% 20% 0.00% 0% Q1FY 25 Q1FY 24 FY24 Q1FY 25 Q1FY 24 FY24 14
Slide 16: Total Borrowings of the company
Total Borrowings of the company 350 Rs. In Crores 317 297 287 300 250 200 150 100 50 - 30.06.2024 30.06.2023 31.03.2024 Sr. Particulars 30.06.24 30.06.23 31.03.24 1 Term Loans from various Banks 357.99 297.27 301.08 2 Working Capital Loan - Cash Credit Limit 2.02 0.00 0.00 Total Borrowings 360.01 29
Slide 17: Debt : Equity Ratio of the company
Debt : Equity Ratio of the company 0.40 0.35 0.34 0.30 0.30 0.28 0.25 0.20 0.15 0.10 0.05 - 30.06.2024 30.06.2023 31.03.2024 16
Slide 18: Order Book Position
Order Book Position Rs. In Crores Sr. Particulars FY 2024-25 FY 2023-24 1 Order Book Position as on 30th July 744 450 2 Turnover achieved upto June 151 146 3 Balance amount of Order Book to be executed in 3 Quarters 593 304 4 Actual Turnover achieved in FY 23-24 619 5 Actual Turnover achieved in rem
Slide 19: Age-Wise Debtors Analysis
Age-Wise Debtors Analysis Particulars Rs. In Crores Debtors Less than 90 Days 126.44 Debtors between 91 Days to 180 Days 12.94 Debtors between 181 Days to 360 Days (Net of Provision for Doubtful debts) 4.26 Reported Sundry debtors as per Financials 143.65 Average receivable Days (Net of GST Amount i
Slide 20: Fleet of the Cranes as on 30th June 2024
Fleet of the Cranes as on 30th June 2024 Particulars Details Count of SML Crane fleet 361 Amount of Gross block of Cranes Rs. 2560 Crores Count of SML Crane Fleet having capacity more than 100MT 264 % of Gross Block of Crane Fleet having capacity more than 100MT 95% 19
Slide 21: Business Outlook
Business Outlook • For the first quarter of current financial year 2024-25, the financial performance of the company has affected on account of reduction in capacity utilization and consequent reduction in the blended average yield primarily on account of better than predicted monsoon & slowdown due
Slide 22: Section 2: Creating Business Verticals
Section 2 : Creating Business Verticals 21
Slide 23: Creating Business Verticals
Creating Business Verticals To further enhance our operational efficiency and growth, we are implementing a major organization restructuring aptly designated as Project “Samruddhi”. This transformative initiative involves creating business verticals which will carve out the renewables and logistics
Slide 24: Business Overview
Business Overview Crane Renting Logistics Renewable Sangreen Logistics Sangreen Future Sanghvi Movers Ltd Pvt Ltd Renewables Pvt Ltd • Crane Rental • To carry on the business of Execution • Project EPC • To provide end to end logistic solutions Of Wind / Solar Energy Projects In and supply chain man
Slide 25: Creating Business Verticals
Creating Business Verticals • Each business unit will haves its independent CEO’s with its own P&L responsibility, dedicated resources, and distinct management structure. This strategic spinoff encourages accountability, streamlines operations, and diversifies risks while maximising growth potential
Slide 26: Current & Proposed Structure
Current & Proposed Structure Current Structure Proposed Structure Sanghvi Movers Ltd Shareholders Shareholders Crane Renting (Crane Renting Sanghvi Movers Ltd. Business + Project EPC) Logistics 100% 100% Wind EPC Sangreen Future Renewables Sangreen Logistics Pvt Ltd. Pvt Ltd. Logistics business Rene
Slide 27: Disclaimer
Disclaimer SANGHVI This presentation contains certain forward looking statements concerning Sanghvi Movers Limited’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forwar