G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q2 FY2025 Earnings Presentation
35 slides from G R Infraprojects's earnings presentation, Nov 7, 2024
Slide 1: Exchange filing cover letter
07th November 2024 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1 Dalal Street, Fort G Block, Bandra-Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai -400051 Scrip Code: 543317 Symbol: GRINFRA Subject: Investor Presentation on the finan
Slide 2: G R Infraprojects Limited Company Presentation Q2 FY2024-25
G R Infraprojects Limited CIN: L45201GJ1995PLC098652 Getting People Places, Faster Company Presentation Quarter 2 – Financial Year 2024-25 KAKA
Slide 3: Context
Context Disclaimer Page 3 1 2 Quarterly Highlights Page 4 3 What we do and key milestones Page 15 Overview – Historical data 4 (Financial & Operational) Page 23 5 Awards Page 31 2
Slide 4: Disclaimer
Disclaimer This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or i
Slide 5: Quarterly Highlights
Quarterly Highlights 4
Slide 6: Q2-FY25 Standalone Synopsis
Q2-FY25 Standalone Synopsis Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 13.00% 10.38% 10.32% 7.47% QoQ Highlights (37.19%) (52.50%) 20,047 (56.93%) 1,957 12,591.60 2,466 1,172 843 Q1 2025 Q2 2025 Q1 2025 Q2 2025 Q1 2025 Q2 2025 Total Income (Rs in Mn
Slide 7: Net Working Capital Days and Debt to Equity
Q2-FY25 Net Working Capital Days March 2024: 112 Days Sep 2024: 153 Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 123 1.20 1.03 0.99 0.96 0.96 1.00 0.95 0.94 78 0.80 0.92 0.83 0.81 0.82 0.80 0.83 0.6 0.53 0.56 0.60 0.56 0.40 0.51 0.24 0.23 0.26 0.43 0.21 0.21 0.20 0.
Slide 8: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement (Rs in Millions) A B C D E F Particulars Q2 Q1 Q2 H1 FY 24-25 H1 FY 23-24 YE Mar 24 FY 24-25 FY 24-25 FY 23-24 Income Revenue from operations 11,280.81 18,965.44 15,737.86 30,246.25 37,261.97 77,879.64 Other income 1,310.84 1,081.39 614.01 2,392.23 1,125.14 2,252
Slide 9: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs in Millions) A B C D E F Particulars Q2 Q1 Q2 H1 FY 24-25 H1 FY 23-24 YE Mar 24 FY 24-25 FY 24-25 FY 23-24 Income Revenue from operations 13,943.26 20,303.04 18,827.81 34,246.30 43,610.13 89,801.50 Other income 212.68 210.05 264.08 422.73 477.05 1,027.56 To
Slide 10: Consolidated Debt
Debt Breakup (Fund Based) as on September 30, 2024 Particulars Rs. In Million STANDALONE DEBT Debentures 5,518.39 10% Standalone Debt 10% DEBENTURES Term Loan 615.57 Working Capital 753.61 TERM LOAN Mobilization Advance 740.73 8% WORKING CAPITAL Total Debt 7,628.29 MOBILISATION ADVANCE #Cash and Ban
Slide 11: Robust Order Book
Robust Order Book Order book as on 30th September 2024 is Rs 1,46,405 Mn * Project Mix Client Wise Distribution State Wise Distribution 18% Uttar Pradesh 1% 5% Maharashtra 2% 5% 5% 2% 1% Madhya Pradesh 2% 10% 8% 10% Gujarat 11% 4% 11% Bihar MMLP Chattisgarh NHAI 12% Rajasthan Road OTHERS 17% Andhra
Slide 12: Projects Portfolio
Projects Portfolio 11
Slide 13: Portfolio of Road / Transmission Projects (Operational)
Portfolio of Road / Transmission Projects (Operational) Reengus-Sikar (BoT - Annuity) Nagaur-Mukundgarh (HAM) Bilaspur-Urga (HAM) Transmission system in Rajgarh Galgalia Bahadurganj (HAM) Bahadurganj-Araria (HAM) As on date Company has total 6 projects which are operational. During the current quart
Slide 14: Portfolio of Road / Transmission Projects (Under Construction)
Portfolio of Road / Transmission Projects (Under Construction) Ena-Kim (HAM) Bamni to MH/TG Border (HAM) Shirsad-Masvan (HAM) Transmission system in Rajgarh II (BOOT) Yamuna Bridge Highway (HAM) Ujjain-Badnawar (HAM) Warangal-Khammam (pkg-II) (HAM) Madanapalli-Pileru (HAM) Venkatpur Thallasenkesa (H
Slide 15: Projects awaiting appointed dates
Projects awaiting appointed dates Indore MMLP Project (DBFOT) Belgaum Raichur Package 6 (HAM) Varanasi‐Ranchi‐Kolkata Highway (HAM) Kasganj Bypass (HAM) Hasapur – Badadal Highway (HAM) (Subsequently received on October 3, 2024) Tarakote Sanjhichhat (BOOT) Belgaum Raichur Package 5 (HAM) (Subsequentl
Slide 16: What we do & Key Milestones
What we do & Key Milestones 15
Slide 17: GRIL – Our Business
GRIL – Our Business TRANSMISSION EMULSION/ PMB HIGHWAYS RAILWAYS & METRO ROAD SIGNAGES AND MARKING PAINT METAL CRASH BARRIER BRIDGES ROPEWAYS TUNNEL WORK 16
Slide 18: Key Milestones
Key Milestones • Achieved PCOD for first NHAI HAM 2023- project, Phagwara – Rupnagar 2024 • Company has transferred 7 operational HAM assets to Bharat Highways InvIT. • Successful listing of the Company on 2021- BSE and NSE on July 19, 2021 2022 • Entry into Transmission Segment 2016- 2019 • First H
Slide 19: Overview – GRIL Snapshot
Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 28 years. Presence in 23 States 4 Manufacturing Units 8000+ plant & equipment ~12,645 employees CARE Rating: AA+ (Stable) CRISIL Rating: AA (Stable) 18
Slide 20: Our Clients
Our Clients red age oP | UP Expressway Industral MoRTH BUILDING INFRASTRUCTURE - BUILDING THE NATION Development Authority Ministry of Road Transport M Ss R D Cc and Highways ava diat PWD ae Fast Coast Railway wera wed Government of Rajasthan = = - dee Feometio P REC evelooment wer Developmen dlorie
Slide 21: Expand the Portfolio: Committed to growth, with purpose
Committed to growth, with purpose FOCUSED MARKET Construction STRATEGIES Environment We understand the nations need, We show our care for the design it through perfection and environment through CSR EXPAND THE PORTFOLIO build it to dreams initiatives FOCUSED EPC PLAYER GROWING TOGETHER WITH OUR NATI
Slide 22: Strong Board with diverse experience
Strong Board with diverse experience Vinod Kumar Agarwal : Chairman and Wholetime Director He has over 27 years of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks aft
Slide 23: Strong Board with diverse experience
Strong Board with diverse experience Rajendra Kumar Jain : Non- Executive Independent Director He holds a bachelor’s degree in commerce from Rajasthan University and a master’s degree in commerce (specialising in business administration) from Maharshi Dayanand Saraswati University, Ajmer. He is also
Slide 24: Historical Data (Financial & Operational)
Historical Data (Financial & Operational) 23
Slide 25: Historical Financial Data
Historical Financial Data Revenue From Operations (Rs in Mn) EBITDA* (%) / EBIDTA (Rs in Mn) 21.81% 81,476 79,192 77,880 19.50% 17.94% 72,445 17.56% 60,278 16.98% 14,940 14,379 14,135 13,350 13,607 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Revenue From Operation
Slide 26: Historical Financial Data
Historical Financial Data PAT (Rs in Mn) / PAT Margin (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 8,312 8,475 11.43% 10.78% 7,644 9.61% 10.45% 8,518 9.70% 5,606 7,806 7,608 7,556 6,888 4,199 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 PAT Net
Slide 27: Historical Financial Data
Historical Financial Data Fixed Assets Turnover Ratio Net Debt/ Equity & Net Debt /EBITDA 6.27 0.82 6.35 5.73 5.67 5.74 0.72 0.70 0.54 0.42 0.33 0.23 0.20 0.21 0.10 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Net Debt/Equity Net Debt/EBITDA Fixed Assets Turnover R
Slide 28: Historical Operational Data
Historical Operational Data Employee Count Order Book (Rs.in Mn) 1,95,294 17,721 16,333 16,157 1,70,526 1,67,806 14432 1,48,799 12,956 1,31,039 FY20 FY21 FY22 FY 23 FY 24 FY20 FY21 FY22 FY 23 FY 24 Employee Count Order Book 27 *excluding GST
Slide 29: Strong focus on Quality Execution
Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coordination with the Project Management Team (PMT) Manufacturing (In-house across the country): Supply is synchronized with site progress and product specifications are finaliz
Slide 30: Capabilities
CAPABILITIES HUMAN CAPITAL FINANCIAL DISCIPLINE Strict oversight on costs by creating an 12,645 highly skilled, experienced, ownership mind-set and good governance and committed employees BACKWARD INTEGRATION DIGITAL PROJECT MANAGEMENT Manufacturing of key components, and Streamlined process of plan
Slide 31: Leveraging operating efficiencies from vertical integration
Leveraging operating efficiencies from vertical integration THREE KEY STEPS IN VALUE CHAIN PMB, Emulsion facility & Enables efficient Road Signages, Udaipur. In-House Design & Capacity: 30,000MT designs & quick Engineering Team Emulsion Facility, Sandila changes Capacity:24,960 MT Integrated Owned c
Slide 32: Awards and Accolades
Awards and Accolades 31
Slide 33: Awards & Accolades
AWARDS & ACCOLADES Emerging Certificate Fastest Best Companies of Growing Construction Professionally Excellence Award Appreciation Company Managed Company Ministry of Road Construction World Business Today in Transport Construction Industry Awards association with & Highways Development Council Yes
Slide 34: Awards & Accolades
AWARDS & ACCOLADES Best Places to Work Top Challenger in Top 10 Infra Leader of the in Construction Indian Construction Bitumen Year Industry Industry Manufacturers Ambition Box Economic Times Construction World Industry Outlook Festival Outstanding Timely Project Contribution in Best Performing Com
Slide 35: Thank You
G R Infraprojects Limited Corporate Office: Second Floor, Novus Tower, Plot No.18, Sector-18, Gurugram, Haryana-122015, +91 124 643 5000 Registered Office: Revenue Block No.-223, Old survey No. 384/1, 384/2, Paiki and 384/3, Khata No. 464, Kochariya, Ahmedabad, Gujarat - 382220 Getting People Places