Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q4 FY24 Earnings Presentation
25 slides from Praj Industries's earnings presentation, May 30, 2024
Slide 1: Cover letter: Investor Presentation filing to exchanges
Date: 30th May, 2024 Ref.: PIL/ANB/L-026/2024-25 Company Code – PRAJIND Security Code No.: 522205 National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, 25th Floor, G Block, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East)
Slide 2: Earnings Presentation – Q4-FY24/FY24
Earnings Presentation – Q4-FY24/FY24
Slide 3: Company at a Glance
Company at a Glance 2021 40 Years of Legacy Presence across 1800+ 90+ research 4 manufacturing 100+ countries employees scientists locations 400+ 40%+ business from ~10% 1000++ 400 + patents repeat customers Global ethanol production References/plants overseas references market share* worldwide 3-Ye
Slide 4: Company Overview
Company Overview Operational Revenue (INR Mn) • Incorporated in 1983 under the visionary leadership of technocrat 40,000 25.00% Dr. Pramod Chaudhuri. 35,280 34,663 35,000 20.00% • Praj Industries Ltd. (Praj) has grown to become one of the most reputed 30,000 23,433 and technologically advanced biote
Slide 5: Business Segments
Business Segments High Purity Solutions Water Systems Modular Process Systems Value Added Services Bio Energy 1G & 2G Ethanol plants Compresses Bio-Gas Future Fuel: SAF, Marine Biofuel, Bio Hydrogen etc. Engineering Businesses Critical process equipment & Skids Brewery and beverages Zero Liquid Disc
Slide 6: 1000++ References in 100+ countries across all six continents
1000++ References in 100+ countries across all six continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 7: Q4-FY24/FY24 Financial Overview
Q4-FY24/FY24 Financial Overview
Slide 8: Q4-FY24/FY24 Financial Highlights
Q4-FY24/FY24 Financial Highlights Q4-FY24 Performance (Standalone) Q4-FY24 Performance (Consolidated) INR 8,393 Mn INR 1,001 Mn 11.93% INR 10,186 Mn INR 1,307 Mn 12.83% Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins (4.5)% YoY 4.3% YoY 100 Bps YoY 1
Slide 9: Quarterly Financial Performance Trend (Consolidated)
Quarterly Financial Performance Trend (Consolidated) Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 12,000 1,400 1000 1,307 881 919 10,040 10,186 900 1,200 10,000 8,824 1,083 800 8,286 975 704 1,000 8,000 7,367 840 700 624 587 800 755 600 6,000 500 600 400 4,000 400 300 2,000 200 200 100 - - 0 Q4-FY
Slide 10: Segmental Revenue (Consolidated)
Segmental Revenue (Consolidated) Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 1,166 2,062 2,074 R 7,170 6,945 E 808 V E N U E Q4-FY23 Q4-FY24 Q4-FY23 Q4-FY24 Q4-FY23 Q4-FY24 Bio Energy (INR MN) Engineering (INR MN) HiPurity (INR MN) 2,920 26,040 25,656 6,820 R 6,085 2,420 E V E N U E F
Slide 11: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q4-FY24 Segmental Order Intake – INR 9,240 Mn Q4-FY24 Geographical Order Intake 11500 1.2 11,010 11000 10,630 1 10500 10,380 10,370 0.8 10000 0.6 Engineering 9500 9,240 30% Export 39% 0.4 9000 Domestic 0.2 Bioe
Slide 12: Q4-FY24/FY24 Operational and Industry Highlights
Q4-FY24/ FY24 Operational and Industry Highlights 1G Domestic: • Bulk of the order booking on the starchy feedstock (90%) as compared to sugary (10%) • The mandated realignment of sugarcane based feedstock on product mix slowed down order execution and finalization for ethanol projects. 1G Services:
Slide 13: Praj Industries – Among top 50 hottest Companies in Advanced Bioeconomy
Praj Industries – Among top 50 hottest Companies in Advanced Bioeconomy Praj Industries Limited 12
Slide 14: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Operational Income 8,393 8,787 (4.5)% 7,171 17.0% Expenses 7,392 7,827 (5.6)% 6,229 18.7% EBITDA 1,001 960 4.3% 942 6.3% EBITDA Margins (%) 11.93% 10.93% 100 Bps 13.14% (121) Bps Other Income 125 12
Slide 15: Annual Financial Performance - Standalone
Annual Financial Performance - Standalone Particulars (INR Mn) FY24 FY23 Y-o-Y Operational Income 29,896 31,526 (5.2)% Expenses 26,534 28,629 (7.3)% EBITDA 3,362 2,897 16.1% EBITDA Margins (%) 11.25% 9.19% 206 Bps Other Income 685 506 35.4% Depreciation 360 269 33.8% Interest 40 42 (4.8)% PBT 3,647
Slide 16: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Operational Income 10,186 10,040 1.5% 8,286 22.9% Expenses 8,879 8,957 (0.9)% 7,311 21.4% EBITDA 1,307 1,083 20.7% 975 34.1% EBITDA Margins (%) 12.83% 10.79% 204 Bps 11.77% 106 Bps Other Income 11
Slide 17: Annual Financial Performance - Consolidated
Annual Financial Performance - Consolidated Particulars (INR Mn) FY24 FY23 Y-o-Y Operational Income 34,663 35,280 (1.7)% Expenses 30,784 32,101 (4.1)% EBITDA 3,879 3,179 22.0% EBITDA Margins (%) 11.19% 9.01% 218 Bps Other Income 435 356 22.2% Depreciation 441 302 46.0% Interest 98 46 NA PBT 3,775 3,
Slide 18: Historical Financial Overview
Historical Financial Overview
Slide 19: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY20 FY21 FY22 FY23 FY24 Operational Income 9,419 10,885 20,623 31,526 29,896 Expenses 8,632 9,936 18,782 28,629 26,534 EBITDA 787 949 1,841 2,897 3,362 EBITDA Margins (%) 8.35% 8.72% 8.93% 9.19% 11.25% Other Income 299 232 517 506 685
Slide 20: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY22 FY23 FY24 Particulars (INR Mn) FY22 FY23 FY24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,875 2,174 2,359 Capital Work in progress 14 66 22 Share Capital 367 367 368 Investment Property 137 137 -
Slide 21: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY20 FY21 FY22 FY23 FY24 Operational Income 11,024 13,047 23,433 35,280 34,663 Total Expenses 10,205 11,923 21,374 32,101 30,784 EBITDA 819 1,124 2,059 3,179 3,879 EBITDA Margins (%) 7.43% 8.62% 8.79% 9.01% 11.19% Other Income 261 25
Slide 22: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY22 FY23 FY24 Particulars (INR Mn) FY22 FY23 FY24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,085 2,366 4,072 Share Capital 367 367 368 Capital Work in progress 14 69 32 Other Equity 8,790 10,413 12
Slide 23: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 40,000 4,500 25.00%3,000 2,834 35,280 34,663 3,879 35,000 4,000 2,500 2,398 30,000 3,500 3,179 20.00% 25,000 23,433 3,000 2,000 15.00% 2,500 1,502 20,000 2,059 1,500 2,000 15,000 13,047 10.00% 704 811 11,
Slide 24: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 31th March 2024 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% -20.00% Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Praj Industries Sensex Shareholding Pattern (As on 31st March 2024) Dividend Pay out ratio (%) PRIC
Slide 25: Disclaimer
Disclaimer Praj Industries Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events