G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q1 FY2025 Earnings Presentation
35 slides from G R Infraprojects's earnings presentation, Aug 3, 2024
Slide 1: Exchange filing cover letter for investor presentation
03rd August 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 Sub: Investor Presentation on the financial r
Slide 2: G R Infraprojects Limited Company Presentation Q1 FY 2024-25
G R Infraprojects Limited CIN: L45201GJ1995PLC098652 Getting People Places, Faster Company Presentation Quarter 1 – 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: Q1-FY25 Standalone Synopsis
Q1-FY25 Standalone Synopsis Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 17.69% 13.00% 12.23% 10.32% QoQ Highlights 13.23% 38.20% 2,758 23,103 3,990 29.04% 20,047 2,466 1,957 Q4 2024 Q1 2025 Q4 2024 Q1 2025 Q4 2024 Q1 2025 Total Income (Rs in Mn) EBIT
Slide 7: Working Capital Days and Debt to Equity Ratio
Q1-FY25 Net Working Capital Days Debt to Equity Ratio & Net Debt to Equity Ratio March 2024: 112 Days June 2024: 122 Days (including Mob. Advances) 1.20 99 1.03 0.99 0.96 0.96 1.00 0.95 0.94 78 0.92 0.80 0.83 0.81 0.82 0.80 0.83 0.6 0.60 0.53 0.56 0.40 0.26 0.43 0.24 0.23 0.21 0.21 0.20 39 0.20 0.13
Slide 8: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement (Rs in Millions) A B C D Particulars Q1 Q4 Q1 YE Mar 24 FY 24-25 FY 23-24 FY 23-24 Income Revenue from operations 18,965.44 22,553.52 21,524.11 77,879.64 Other income 1,081.39 549.96 511.13 2,252.89 Total income 20,046.83 23,103.48 22,035.24 80,132.53 Expenses Co
Slide 9: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs in Millions) A B C C Particulars Q1 Q4 Q1 YE Mar 24 FY 24-25 FY 23-24 FY 23-24 Income Revenue from operations 20,303.04 24,851.18 24,782.32 89,801.50 Other income 210.05 304.42 212.97 1,027.56 Total income 20,513.09 25,155.60 24,995.29 90,829.06 Expenses Co
Slide 10: Consolidated Debt
Debt Breakup (Fund Based) as on June 30, 2024 Particulars Rs. In Million STANDALONE DEBT Debentures 5,636.71 8% Standalone Debt Term Loan 765.46 DEBENTURES 22% Working Capital 2,003.02 TERM LOAN Mobilization Advance 739.88 WORKING CAPITAL Total Debt 9,145.07 62% MOBILISATION 8% ADVANCE #Cash and Ban
Slide 11: Robust Order Book
Robust Order Book Order book as on 30th June 2024 is Rs 1,49,746 Mn * Project Mix Client Wise Distribution State Wise Distribution 18% Uttar Pradesh 1% 5% Maharashtra 3% 5% 5% 0% 2% Madhya Pradesh 2% 8% 8% 10% 10% Gujarat 2% 10% Bihar MMLP 9% Chattisgarh NHAI Rajasthan Road 17% OTHERS Andhra Pradesh
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) Aligarh-Kanpur (HAM) Transmission system in Rajgarh Galgalia Bahadurganj (HAM) As on date Company has total 5 projects which are operational. Out of these GR Aligarh Kanpur Highway Private L
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) Bilaspur-Urga (HAM) Ujjain-Badnawar (HAM) Warangal-Khammam (pkg-II) (HAM) Madanapalli-Pileru (HAM) Bahadurganj-Araria (HAM) Anjar Bhu
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) Tarakote Sanjhichhat (BOOT) Belgaum Raichur Package 5 (HAM) 14
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 ~13,677 employees CARE Rating: AA+ (Stable) CRISIL Rating: AA (Stable) 18
Slide 20: Our Clients
Our Clients GRIV were oe MoRTH Ministry of Road Transport and Highways East Coast Railway det Rare fre Peres Rail Vikas Nigam Limited yarn, Te vs Repeat C (A Government of India Enterprise) MSRDC PWD pel? §=— Public Works Department ‘weata FAI Government of Rajasthan Opeida UP Expressway Industrial
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 13,677 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: Getting People Places, Faster – 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