Patel Engineering Limited · NSE:PATELENG
Patel Engineering — Q3 FY25 Earnings Presentation
42 slides from Patel Engineering's earnings presentation, Feb 12, 2025
Slide 1: Submission of Investor/Analysts Presentation (cover letter)
CIN: L99999MH1949PLC007039 February 12, 2025 To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Mumbai - 400 051 Company Code No. 531120 Company Code: PATELENG Dear Sir/Mam, Subject: Submissio
Slide 2: Investor Presentation Q3 FY25
Patel Engineering Limited Determined to Deliver INVESTOR PRESENTATION | Q3 FY25
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides have been prepared by Patel Engineering Ltd. (the “Company”), and have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form
Slide 4: Company Overview
Company Overview
Slide 5: About Patel Engineering Limited
About Patel Engineering Limited Integrated infrastructure and construction services conglomerate Patel Engineering Limited, founded in 1949 and headquartered in Mumbai, is a prominent player in the civil engineering construction segment. With over seven decades of experience, the company has success
Slide 6: Vision & Mission
Vision Deliver comprehensive and effective solutions to clients through our profound experience and technological prowess, while continuously creating opportunities and value for stake-holders and society. Vision & Mission Mission To be the pioneers in the industry and a market- driven organization
Slide 7: Key Facts and Figures
Key Facts and Figures 7+ decades 15 States 15,000+ 87+ Experience Current Domestic Presence MW Hydro Project Dams 300+ Kms 5.5+ Lakhs 1,200+ Kms ₹ 1,63,964 Mn of Tunnels Acres Irrigated Road Order book Q3 FY25 Cons. Q3 FY25 Cons Q3 FY25 Cons Q3 FY25 Cons. ₹ 804 Mn : Net Profit ₹ 1,840 Mn : Op. EBITD
Slide 8: Market Potential & Opportunities
Market Potential & Opportunities ₹ 11.21 Lac Cr 15,000+ MW 60,000+ MW Hydro Projects Pumped Storage Projects Infrastructure Sector Budget Arunachal Pradesh Under Survey & Investigation 3.1% of GDP. 6,000+ MW ₹ 6,70,000 Mn ₹ 82,590 Mn Hydro Projects Budget Allocation for Jal Jeevan Budget Allocation
Slide 9: Q3 & 9M FY25 Financial Highlights
Q3 & 9M FY25 Financial Highlights
Slide 10: Consolidated Results Highlights
Consolidated Results Highlights Operating Revenue ( ₹ in Mn) Op. EBITDA (₹ in Mn) Operating & Op. EBITDA (in %) EBITDA In ₹ Mn 13.39% 15.26% 14.14% 14.79% 5,148 34,815 4,527 32,009 1,840 10,610 12,055 1,421 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 NetNet Profit Profit (₹ in Mn
Slide 11: Q3 & 9M FY25 Consolidated Results Highlights
Q3 & 9M FY25 Consolidated Results Highlights In ₹ Mn Particulars (₹ in Mn) Q3FY25 Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y FY24 Total Revenue from Operations 12,055.16 10,610.05 13.62% 34,815.00 32,009.29 8.77% 45,441.08 Cost of Material Consumed 2,121.11 1,614.30 6,059.25 5,571.96 9,051.25 Cost of Construc
Slide 12: Standalone Results Highlights
Standalone Results Highlights Operating Revenue ( ₹ in Mn) Op. EBITDAOperating (₹ in Mn) EBITDA & Op. EBITDA Margin (in %) In ₹ Mn 13.75% 14.78% 13.71% 14.27% 4,886 34,238 4,325 31,551 1,754 10,523 11,868 1,447 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Net(in Net Profit (₹ in M
Slide 13: Q3 & 9MFY25 Standalone Results Highlights
Q3 & 9MFY25 Standalone Results Highlights Particulars (₹ in Mn) Q3FY25 Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y FY24 Total Revenue from Operations 11,868.41 10,523.09 12.78% 34,238.33 31,551.18 8.52% 44,120.39 Cost of Material Consumed 2,120.77 1,614.30 6,058.91 5,570.79 9,050.09 Cost of Construction 6,386.
Slide 14: Consolidated Debt Highlight & Interest Break Up
Consolidated Debt Highlight & Interest Break Up In ₹ Mn In ₹ Mn BG / LC Charges & Other Borrowing Cost Term Debt Working Capital Debt Total Debt Interest on Contractee Advances Interest to Lenders Total Finance Cost 19,658.93 889.15 801.66 149.58 152.75 14,224.06 11,519.88 193.75 Reduction in 163.66
Slide 15: Working Capital Movement
Working Capital Movement Net Working Capital ( in Days ) Net Working Capital Adjusted Net Working Capital 297 194 178 168 160 127 145 104 115 96 FY21 FY22 FY23 FY24 9M FY25 Adjusted Net Working Capital excludes borrowings, arbitration claims, current investment, cash and bank balance and stock of la
Slide 16: Long Term Rating: Infomerics
Long Term Rating: Infomerics Current Rating A- Outlook Stable Last Review 07 June, 2024 A- BBB + BBB BBB - B+ FY21 FY22 FY23 FY24 H1FY25 Investor Presentation Q3 FY25 15
Slide 17: Q3 & 9M FY25 Operational Highlights
Q3 & 9M FY25 Operational Highlights
Slide 18: Permanent Integrated Coy Level Building (PIB): Substantial Completion
Permanent Integrated Coy Level Building (PIB): Substantial Completion Project Details: o The project was a Pilot Project constructed with special features and was conceptually designed with a vision and features to achieve a net zero habitat. o It was built to improve the quality of life of the sold
Slide 19: Tunnel T-15 and Part Tunnel T-14 Project Update
Tunnel T-15 and Part Tunnel T-14 Project Update: Project Details: o This 13km tunnel project forms an integral part of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), which aims to improve rail connectivity in the Kashmir Valley. o The project has a main tunnel and an escape tunnel, along with su
Slide 20: Kwar Hydropower Project Update
Kwar Hydropower Project Update: Project Details: o The Kwar Hydroelectric Project (Lot-1) is located in Jammu and Kashmir which will generate 540 MW (4 x 135 MW) of power harnessing the flow of the Chenab River. o The project includes a 109 m high concrete gravity dam, underground powerhouse, and 2
Slide 21: Parnai Hydroelectric Project (PHEP)
Parnai Hydroelectric Project (PHEP) Project Overview: o Located on the Suran River in Poonch, Jammu & Kashmir, at an elevation of 5092 feet, the Parnai Hydroelectric Project has a power generation capacity of 37.5 MW o The project is designed to ensure energy self-reliance for the region while also
Slide 22: Tunnel T-7 Project Update
Tunnel T-7 Project Update Project Details: o The Tunnel T-7 project is a part of Indian Railways’ broad gauge network, enhancing connectivity between West Bengal and Sikkim. o The design incorporates advanced engineering solutions, including strategically placed cross passages and varying tunnel dia
Slide 23: Q3 FY25 Awards & Recognitions
Q3 FY25 Awards & Recognitions Ms. Kavita Shirvaikar has been awarded the “Awarded the Prestigious Construction & Ms. Kavita Shirvaikar, has been awarded the prestigious "Construction Woman of the Year“ by Infrastructure Company of the Year (Medium prestigious “CEO of the Year” at the Star of the Con
Slide 24: Order Book Highlights
Order Book Highlights
Slide 25: Yearly Growth In Order Book
In ₹ Mn CAGR = 8.58% 2,08,067 1,86,630 1,63,964 1,44,660 1,50,110 1,31,840 1,02,150 Yearly Growth In Order Book FY19 FY20 FY21 FY22 FY23 FY24 Q2 FY25 Excludes One Project which is L1 amounting to ₹ 2400 Mn Investor Presentation Q3 FY25 24
Slide 26: Order Book Break Up
Order Book Break Up In % Segment Wise Order Book Client Wise Order Book Project Completion Wise Order Book 2.29% 3.02% 3.79% Hydroelectric 3.10% 2.12% Below 10% 17.34% 10.11% Irrigation Central Government / PSU’s 18.35% 10% - 30% 34.17% 30% - 50% Tunnel 20.98% 50% - 70% State Government 21.12% Depar
Slide 27: Diversely Spread Works De-Risking Business
Jammu and Diversly Spread Works Kashmir De-Risking Business 49 Ongoing Projects Across15 States Domestically and an International Presence in Nepal with a Total Project Value of Himachal Pradesh ₹ 1,63,964 Mn Domestic In ₹ Mn. Arunachal Pradesh Sr.No. State No. of Projects Project Value Nepal Sikkim
Slide 28: Business & Project Overview
Business & Project Overview
Slide 29: Major Projects Under Execution
Major Projects Under Execution Hydro Power Transportation o Subansiri HEP (2,000 MW) o Katraj Kondwa Road o Dibang Multipurpose Project o Up-gradation - Pimpla (2880 MW) junction. o Kiru HEP (624 MW) o Ramban to Banihal Road o Arun-III HE Project (900 MW) o Construction of New BG Line o Shongtong HE
Slide 30: Major Project Under Execution - Hydro Power Projects
Major Project Under Execution - Hydro Power Projects Currently in India ~ 18,000 MW of Hydropower is Under Execution out of which the Company is Involved in the Construction of ~ 8,000 MW Dibang Multipurpose (2,880 MW) Subansiri HEP (2,000 MW) Kiru HEP (624 MW) KWAR HEP(540 MW) Teesta VI HEP (500 MW
Slide 31: Some Major Clients
Some Major Clients Investor Presentation Q3 FY25 30
Slide 32: Industry Overview
Industry Overview
Slide 33: Indian Power Industry Overview
Indian Power Industry Overview Power Generation - A Prime Focus Total Power Generation in India (including Renewable Energy) In Billion Units • Globally, India is the third-largest producer and consumer of electricity • As of Nov 2024, renewable energy accounted for 213.09 GW with 1,900 a 14.2% grow
Slide 34: Hydropower Overview
Hydropower Overview Hydro Power – a Keen Effort by the Government to Boost Energy Generation • With a total installed capacity of 51.74 GW, India has surpassed Japan to become the fifth-largest Share in Total Power Generation installed Capacity hydropower producer 7% 2% • India’s hydropower potentia
Slide 35: Pumped Hydropower Storage (PHS)
Pumped Hydropower Storage (PHS) PHS – a Key Facilitator of Variable Renewable Energy (VRE) in India • VRE such as wind and solar are being connected to the grid at a rapid pace owing to their low cost of installation and the thrust on sustainable & green energy • Due to dependency of VRE on time / s
Slide 36: Micro Irrigation The Way Forward
Micro Irrigation The Way Forward Importance Micro Government of Micro Irrigation in Initiative Irrigation India • Micro-irrigation increases water efficiency by as much • In India, the average penetration of micro irrigation is • The government started micro irrigation in the Tenth as 50%-90% 19% (a
Slide 37: Management Overview
Management Overview
Slide 38: Professional & Experienced Board Of Directors
Professional & Experienced Board Of Directors Janky Patel Kavita Shirvaikar Chairperson & Non-Executive Director Managing Director Ms. Janky Patel, a BA graduate, represents the Promoter Mrs. Kavita Shirvaikar, a Chartered Accountant and ICWAI group and is backed by a strong professional board. She
Slide 39: Professional & Experienced Board Of Directors
Professional & Experienced Board Of Directors Dr. Emandi Sankara Rao Dr. Sunanda Rajendran Independent Director Independent Director Dr. Rao, an IIT Bombay PhD, has extensive experience in Dr. Sunanda Rajendran is the founder and Director of the management and engineering across the infrastructure,
Slide 40: Strong Value Proposition
Strong Value Proposition
Slide 41: Unlocking Growth Potential: Key Investment Highlights
Extensive 75-year Well-positioned to experience with a solid leverage leading Competitive advantage track record of position in the in niche segments such executing prestigious infrastructure space as hydroelectric, and strategically amidst strong tunneling, and significant government push irrigatio
Slide 42: Thank You
Thank You For further information, please contact: Company : Patel Engineering Ltd. (BSE: 531120 | NSE: PATELENG) Mr. Aditya Bajaj Investor Relation & Marketing Email:investors@pateleng.com Investor Relations Advisors : Orient Capital (A part of MUFG Corporate Markets, a division of MUFG Pension & M