Prince Pipes And Fittings Ltd · NSE:PRINCEPIPE
Prince Pipes And Fittings — Q2 FY25 Earnings Presentation
39 slides from Prince Pipes And Fittings's earnings presentation, November 2024
Slide 1: Investor Presentation Q2 & H1 FY25
INVESTOR PRESENTATION Q2 & H1 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 13 Company Overview Contents 24 Product Portfolio 30 Poised for Future Growth
Slide 4: Results Overview
Results Overview
Slide 5: Performance Highlights – Q2 & H1 FY25
PERFORMANCE HIGHLIGHTS – Q2 & H1 FY25 Q2FY25 Vs Q2FY24 H1FY25 Vs H1FY24 1 Q2FY25 revenues at ₹ 622 crore as compared to ₹ 656 crore in Q2FY24 1 H1FY25 revenues improved by 1% YoY at ₹ 1,227 crore as compared to ₹ 1,210 crore in H1FY24 2 Finished Goods volumes in Q2FY25 increased by 4% YoY at 43,301
Slide 6: Business Highlights
BUSINESS HIGHLIGHTS Aquel by Prince gains steady ground & launched retail showroom in Haryana and New Delhi: • Continues to make steady inroads into current markets. • Expected to complete build-out of pan-India presence by end of H2. • Launched the company’s first Aquel by Prince retail showrooms i
Slide 7: Business Highlights
BUSINESS HIGHLIGHTS Prince Parivartan Plumber Upskilling Programme: trained 1,848 plumbers across Delhi-NCR, Himachal Pradesh, and Uttarakhand to enhance technical skills and extended critical health benefits to plumbers and their families through 17 health camps. • Each plumber received a tool kit,
Slide 8: Business Highlights
BUSINESS HIGHLIGHTS Proud to share that Prince Pipes is now a Great Place to Work (GPTW) certified organization. • GPTW is a global authority to certify organizations across the world and it is a momentous occasion for the Company. • This signifies that PPFL has an ambient work culture, high employe
Slide 9: Financial Performance for Q2FY25
FINANCIAL PERFORMANCE FOR Q2FY25 REVENUE FINISHED GOODS SALES VOLUME (₹ in Crs.) (in MT) 656 622 41,529 43,301 Q2FY24 Q2FY25 Q2FY24 Q2FY25 EBITDA PAT* (₹ in Crs.) (₹ in Crs.) 94 71 46 15 Q2FY24 Q2FY25 Q2FY24 Q2FY25 * Exceptional item for quarter and half year ended 30.9.23 represents net gain of Rs.
Slide 10: Financial Performance for H1FY25
FINANCIAL PERFORMANCE FOR H1FY25 REVENUE FINISHED GOODS SALES VOLUME (₹ in Crs.) (in MT) 1,210 1,227 85,481 78,684 H1FY24 H1FY25 H1FY24 H1FY25 EBITDA PAT* (₹ in Crs.) (₹ in Crs.) 90 139 104 39 H1FY24 H1FY25 H1FY24 H1FY25 * Exceptional item for quarter and half year ended 30.9.23 represents net gain
Slide 11: Profit & Loss Statement as on 30th September 2024
PROFIT & LOSS STATEMENT AS ON 30th SEPTEMBER 2024 Particulars Q2FY25 Q2FY24 Y-o-Y (%) H1FY25 H1FY24 Y-o-Y (%) Revenue from Operations 622 656 (5) 1,227 1,210 1 Raw Material Consumed 453 451 0 892 865 3 Employee benefit expenses 45 40 13 83 73 14 Other Expenses 78 71 10 149 133 12 EBITDA 46 94 (51) 1
Slide 12: Working Capital Cycle
WORKING CAPITAL CYCLE 95 93 68 58 57 36* 40 77 59 62 40 66 60 85 77 56 57 56 83 62 50 55 88 50 FY20 FY21 FY22 FY23 FY24 H1FY25 Debtor Days Inventory Days Creditor Days Working Capital Days * Reclassified to 15 days based on regrouping of financials for FY 21 Investor Presentation |12
Slide 13: Company Overview
Company Overview
Slide 14: 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 15: Company at a Glance
COMPANY AT A GLANCE 1987 7 11 7,200+ 1,500+ CRISIL A+ Incorporation No. of Facilities Warehouses SKUs Channel Partners Outlook: STABLE 2,065 5,329 cr. 183 cr. ~ 3,61,506 MTPA AQUEL BY PRINCE & PAT Employees Market Cap Total Installed PRINCE TRUBORE (Nov 06t, 2024) (For FY 2024) Capacity Piping Produ
Slide 16: 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 17: ...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 18: 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 19: 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 20: Key Business Segments
KEY BUSINESS SEGMENTS NEW APPLICATIONS FAUCETS | SANITARYWARE Bring Home world class plumbing solutions SHOWERS | CISTERNS PIPING BUSINESS WATER STORAGE Investor Presentation |20
Slide 21: 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 11,852 MTPA Capacity 72,468 MTPA Capacity 100,996 MTPA Ca
Slide 22: 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 Bhuj Howrah Madhya Pradesh Morbi Chhattisgarh Kolkata ATHAL (D & N.H) DADRA (D & N.H) Nagpur Bhu
Slide 23: 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 24: Product Portfolio
Product Portfolio
Slide 25: 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 |25
Slide 26: Product Basket
PRODUCT BASKET PLUMBING & SEWERAGE & INDUSTRIAL SYSTEMS UNDERGROUND Investor Presentation |26
Slide 27: Product Basket
PRODUCT BASKET AGRICULTURE, WIRE PROTECTION WATER STORAGE & SUB SURFACE DRAINAGE PTMT TAPWARE Investor Presentation |27
Slide 28: 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 29: 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 30: Poised for Future Growth
Poised for Future Growth
Slide 31: 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 32: 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 33: Focus on Triple Bottom Line
FOCUS ON TRIPLE BOTTOM LINE TRIPLE BOTTOM-LINE GOALS GREEN ENERGY 7,34,552 22,207 MT UP TO Q2 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 33.85% FY-17 1,14,617 since
Slide 34: Awards & Achievements
AWARDS & ACHIEVEMENTS 2024 2016 2021 2023 Founder and Chairman Mr. Jayant Chheda awarded the lifetime achievement award by Certificate of appreciation Awarded The best channel Society of Plastic Awarded Brand of the for active association at the Loyalty Program for second Engineers India year- pipes
Slide 35: 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 36: Corporate Information & Shareholding
CORPORATE INFORMATION & SHAREHOLDING Shareholding Pattern (as on 30th Sep 2024) Stock Information Market Cap as on 6th Nov 2024 ₹ 5,329 Cr. 25% Stock Price as on 6th Nov 2024 ₹ 480.45 Institutions 52 Week (High / Low) ₹ 775.75 /470.30 61% 14% Promoters NSE / BSE - Symbol PRINCEPIPE / 542907 Others N
Slide 37: 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 38: 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 39: 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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