Slide 1: Nitiraj Engineers Limited Result Update Presentation H1 FY20
Nitiraj Engineers Limited Result Update Presentation H1 FY20
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nitiraj Engineers Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any
Slide 3: Table of Contents
Table of Contents Consolidated Financial Highlights Company Overview Business Overview Way Ahead Way Ahead 3
Slide 4: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 5: Financial Highlights – H1 FY20
Financial Highlights – H1 FY20 57% 78% 101 bps Revenue from Operations EBITDA EBITDA Margin Rs. 26.00 Crore Rs. 2.25 crore 8.64% 65% 21 bps 62% Net Profit Net Profit Margin Basic EPS Rs. 1.14 crore 4.39% Rs. 1.39 vs. Rs. 0.86 H1 FY19 5
Slide 6: Financial Highlights – H1 FY20
Financial Highlights – H1 FY20 Rs. Cr H1 FY20 H1 FY19 Y-o-Y(%) H2 FY19 Revenue from Operations 26.00 16.57 57% 37.31 Raw Materials 15.72 9.33 17.26 • Revenue from operations Employee Cost 2.28 1.85 2.30 grew 57% YoY driven by Other Cost 5.75 4.13 10.35 higher number of Total Expenditure 23.75 15.31
Slide 7: Revenue Break Up - Segmental
Revenue Break Up - Segmental H1 FY19 H1 FY20 Non - Govt. Sales, Non - Govt. Sales, 55.43% 37.00% Govt. Sales, Govt. Sales, 44.57% 63.00% Executed sizeable Government orders in H1 FY20 for recently launched products – Infantometers, Stadiometers and Dial Type Scales 7
Slide 8: Revenue Break Up – Geographical
Revenue Break Up – Geographical* H1 FY19 H1 FY20 North, North, Central, 7.06% 7.19% Central, 17.20% South, South, 19.03% 10.13% 8.68% West, East, West, East, 31.78% 33.83% 28.81% 36.29% *Accounts for Non-Government sales 8
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights As on 30th As on 31st As on 30th As on 31st Rs. Crs Rs. Crs Sept’19 Mar’19 Sept’19 Mar’19 Shareholders Funds 67.94 66.80 Non-current Assets 41.87 35.69 Share Capital 8.20 8.20 Property, Plant and Equipment 28.41 23.54 R&S 59.74 58.60 Intangible Assets 4.20 3.26 Non Current L
Slide 10: Financial Highlights – FY19
Financial Highlights – FY19 39% 130% 637bps Revenue from Operations EBITDA EBITDA Margin Rs. 53.88 Crore Rs. 8.66 crore 16.08% 98% 333bps 98% Net Profit Net Profit Margin Basic EPS Rs. 6.02 crore 11.17% Rs. 7.34 vs. Rs. 3.71 FY18 10
Slide 11: Financial Highlights – Annual
Financial Highlights – Annual Rs. Cr FY19 FY18 Y-o-Y (%) Revenue from Operations 53.88 38.83 39% Raw Materials 26.59 20.24 • Growth in Revenue from Employee Cost 4.15 5.65 Operations of 39% Other Cost 14.48 9.17 mainly driven by Total Expenditure 45.22 35.06 increase in sale of EBITDA 8.66 3.77 130%
Slide 12: Revenue Break Up - Segmental
Revenue Break Up - Segmental FY18 FY19 Non - Govt. Sales, Govt. Sales, 43.79% 19.01% Govt. Sales, 56.21% Non - Govt. Sales, 80.99% 12
Slide 13: Revenue Break Up – Geographical
Revenue Break Up – Geographical* FY18 FY19 North, North, Central, 6.03% Central, 6.18% South, South, 18.85% 20.13% 9.32% 9.92% West, East, East, 27.73% West, 37.47% 27.51% 36.86% *Accounts for Non-Government sales 13
Slide 14: Balance Sheet Highlights - Annual
Balance Sheet Highlights - Annual As on 31st As on 31st As on 31st As on 31st Rs. Crs Rs. Crs Mar’19 Mar’18 Mar’19 Mar’18 Shareholders Funds 66.80 60.78 Non-current Assets 35.69 19.38 Share Capital 8.20 8.20 Property, Plant and Equipment 23.54 10.50 R&S 58.60 52.58 Intangible Assets 3.26 2.00 Non Cu
Slide 15: Financial Highlights – Annual
Financial Highlights – Annual Revenue from Operations (Rs. Crs) 56.39 53.49 53.88 38.83 FY16 FY17 FY18 FY19 EBITDA excluding Other Income (Rs. Crs) / Margin (%) Net Profit (Rs. Crs) / Margin (%) 10 16.08% 18% 11.17% 15.63% 7 12% 14.86% 16% 9.90% 8 6 8.60% 10% 8.81 8.66 14% 7.84% 6.02 7.95 9.71% 12%
Slide 16: Key Financials Ratios
Key Financials Ratios ROA (%) RoCE (%) 12.36% 21.18% 20.67% 7.06% 8.26% 12.86% 4.75% 7.07% FY16 FY17* FY18 FY19 FY16 FY17* FY18 FY19 RoE (%) 17.65% 7.99% 9.00% 5.01% FY16 FY17* FY18 FY19 RoA = Net Profit/Total Assets; RoCE = EBIT/(Shareholders fund + long term borrowing + short term borrowing-Non cu
Slide 17: Company Overview
Company Overview
Slide 18: Company Overview
Company Overview Leading manufacturer of Electronic Weighing Strong Geographical Presence Scales & Systems and Digital Fare Meters ▪ Installations across 5 countries ▪ Incorporated in 1989 ▪ Middle East, SAARC and African Countries ▪ Develops and sells products under own registered brand ‘PHOENIX’ S
Slide 19: Timeline
Timeline 2018- 2011- 2019 2017 ▪ Ventured into Government ▪ Setting up new plant in Dhule with land ▪ Developed and installed CGMS and MAA in Aanganwadis Supplies (State as well as Central area of 8 acres – completed installation of all over India to control malnutrition amongst children - governmen
Slide 20: Management Team
Management Team Mr. Rajesh R. Bhatwal Mrs. Shakuntala R. Bhatwal Women Whole Time Director Chairman & Managing Director ▪ Over 27 years of experience in Electronics Weighing Scales ▪ Over 28 years of experience ▪ Responsibilities include overseeing manufacturing activities, ▪ Strong business acumen,
Slide 21: Key Strengths
Key Strengths Diversified Product Range Experienced Management Team ▪ Offering entire range of Electronic Weighing Scales ▪ Chairman Mr. Rajesh Bhatwal is engaged in catering to jewelry, commercial, industrial, health weighing scales and other electronic products’ and household markets business for
Slide 22: Business Overview
Business Overview
Slide 23: Domestic Industry Opportunity
Domestic Industry Opportunity Weighing Scales Currency Counting Machines ▪ Almost every transaction involves process of ▪ Cash counting and counterfeit note detection is weighing, due to which weighing scale plays process widely required with high speed and mandatory and important role in day-to-day
Slide 24: Diversified Product Portfolio… …Catering to various sectors
Diversified Product Portfolio… Industrial Commercial Jewellery Healthcare Household Automobile Range Range Range Range Range Range ▪ Currency Counting ▪ High Accuracy ▪ Baby Weighing ▪ Personal Weighing ▪ Electronic Fare ▪ Electronic Weigh Machine Weighing Balances Machines Scale Meters for auto Bri
Slide 25: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Used in Jewellery Shops & Laboratories / Paper Industries Jewellery Scale ▪ Highest accuracy of 10 mg ▪ Carat counting, percentage & GSM functions ▪ Used by Departmental Stores, Grocery Shops, Packaging Industries etc. Ta
Slide 26: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Used at Steel Plants, Dockyards, Fabricators, Vehicle Junk Yards, Construction Sites, Foundries Hanging Scales ▪ IR Remote Control Operation ▪ Pocket scale is widely used for weighing gas cylinders and at airports ▪ Very
Slide 27: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Specially designed to weigh recipe items accurately Kitchen Scales ▪ Light weight, Portable ▪ Ideal for Hospitals, Clinics, Schools, Health clubs, Physical examination centers, Gym etc. Body Mass Index (BMI) Scale ▪ Autom
Slide 28: Some New Products
Some New Products ▪ Newly launched product - specially designed as per guidelines of Integrated Child Development Services (ICDS) ▪ Stadiometer - Designed to Measure Height of Adult and Children aged 24 Month and Above in Vertical Position, with measuring length of 200cms ▪ Infantometer - Portable B
Slide 29: State of art Manufacturing Facilities
State of art Manufacturing Facilities Parwanoo, Himachal Pradesh ▪ Installed Capacity - 2500 machines per day ▪ Tool Room section - equipped with modern facilities like Vertical Machining Centers (VMCs), Electrical Discharge Machining (EDM), Wire-cut, cylindrical grinder, lathe, milling machines, po
Slide 30: Upcoming Unit - Dhule, Maharashtra
Upcoming Unit - Dhule, Maharashtra ▪ Total Area : Land of 8 acres has been acquired for world-class, state-of-the-art manufacturing facility including 4 buildings : ✓ Tool room and molding shop - area of 1,100 sq. meters ✓ Main Factory - area of 5,600 sq. meters ✓ Canteen building - area of 650 sq.
Slide 31: Wide Distribution Network
Wide Distribution Network Domestic ▪ Pan India presence ▪ 18 branches across Maharashtra, Odisha and Chhattisgarh ▪ Over 430 dealer network across India International ▪ UAE, Nepal, Sri Lanka, Malavi (Africa) More than 10 lakh satisfied customers and counting!! 31
Slide 32: Strong R&D – 'Innovation Room'
Strong R&D – ‘Innovation Room’ ▪ In-house R&D Center at Dhule, Maharashtra ▪ Strong team of ~ 15 expert engineers – continued focus on knowledge & skill upgradation ▪ Programming: Hands-on coding and programming in various environments like C language, Assembly language, Linux OS, Android OS ▪ PCB d
Slide 33: Way Ahead
Way Ahead
Slide 34: Way Ahead
Way Ahead New Manufacturing Unit: ▪ New upcoming manufacturing facility complete with world-class machineries and facilities in Dhule, Maharashtra – expected to be operational in Q3 FY20 Marketing: ▪ Enhancing Brand Image through increased spend on advertisements and other promotional activities thr
Slide 35: Thank You
Thank You NITIRAJ NITIRAJ IN For further information, please contact: Company : Investor Relations Advisors : Nitiraj Engineers Limited Bridge Investor Relations Pvt. Ltd. Mr. Kailas Agrawal Mr. Amit Sharma Chief Financial officer amit@bridge-ir.com investor@nitiraj.net Ms. Disha Shah disha@bridge-i