Ganesh Green Bharat Limited · NSE:GGBL
Ganesh Green Bharat — H1FY25 Earnings Presentation
37 slides from Ganesh Green Bharat's earnings presentation, Nov 13, 2024
Slide 1: Patel Ketanbhai Ketanbhai Narsinhbhai Narsinhbhai
Digitally signed by Patel Patel Ketanbhai Ketanbhai Narsinhbhai Narsinhbhai Date: 2024.11.13 11:33:45 +05'30'
Slide 2: Ganesh Green Bharat Limited Investor Presentation - H1FY25
GANESH GREEN BHARAT LIMITED Investor Presentation - H1FY25
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ganesh Green Bharat Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Table of Content
Table of Content 1 2 3 4 5 H1FY25 Company Business Industry Annual Financials Overview Verticals Overview Financials 3
Slide 5: H1FY25 Performance
G g Green Bharat Limited &i) H1FY25 Performance
Slide 6: From the Chairman's Desk
From the Chairman’s Desk “As we wrap up the first half of FY25, I am excited to share that Ganesh Green Bharat is thriving. Our revenue has reached Rs 1,378 million, marking an 136 % increase, while our profit after tax soared to Rs 133 million, up 95%. Our ambitious expansion plans are well underwa
Slide 7: Key Business Updates – H1FY25
Key Business Updates – H1FY25 Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin Rs 227 Mn Rs 133 Mn Rs 1,378 Mn 78 YoY% 95 YoY% 136 YoY% 16..3 % EBITDA Margin 9.5 % PAT Margin Robust Order Pipeline Segment-wise Revenue Mix (H1FY25) Robust Return Ratios 1% 21 % ROE Rs 295 Crs 10% 19 % R
Slide 8: Half Yearly Profit & Loss
Half Yearly Profit & Loss Particulars (Rs Mn) H1FY25 H1FY24 YoY (%) FY24 FY23 YoY (%) Revenue From Operation 1,378 587 1,702 902 Other Income 14 2 18 4 Total Income 1,393 590 136% 1,720 906 90% Cost of Materials Consumed 1,010 0 1,251 604 Purchase of stock in trade 110 459 0 0 Changes in Inventories
Slide 9: Half Yearly Balance Sheet
Half Yearly Balance Sheet Liabilities (Rs Mn) Mar 24 Sep 24 Assets (Rs Mn) Mar 24 Sep 24 Share Capital 182 248 Property, Plant & Equipment 197 214 and Intangible Assets Reserves & Surplus 391 1,632 Other Non-Current Assets 125.0 721.7 Minority Interest 16 17 Shareholders' Funds 588 1,897 Total Non-C
Slide 10: Brownfield Expansion – Tripling of Manufacturing Capacity to 750 MW
Brownfield Expansion – Tripling of Manufacturing Capacity to 750 MW ❑ Plant Location Existing Plant at Mehsana, Gujarat ❑ Incremental Capacity Addition of 514 MW, which will take total capacity to 750 MW ❑ Likely Completion The capacity expansion is likely to be completed by the end of CY24 ❑ Projec
Slide 11: Foraying into B2C Segment
Foraying into B2C Segment ❑ The company is set to expand its business vertically into B2C (Business to Consumer) markets across domestic residential, commercial, and industrial. ❑ Launched an advertisement campaign on Radio Mirchi FM. ❑ The ads were aired in Gujarati, Marathi, Marwari, and Hindi acr
Slide 12: IPO Funding - Deployment Status
IPO Funding - Deployment Status Successfully completed the IPO of INR 1252 Mn Listed on NSE SME with effect from July 12,2024 Objects of the IPO As per Prospectus Incurred* Balance* Remark Repayment in full or in part, of certain of our Rs 190.0 Mn Rs 188.4 Mn Rs 1.6 Mn Strengthen Balance sheet outs
Slide 13: Company Overview
G g Green Bharat Limited © Fl Company Overview
Slide 14: One of India's Leading Solar Panel Manufacturers and EPC Service Providers
One of India’s Leading Solar Panel Manufacturers and EPC Service Providers Incorporated in 2016, Ganesh Green Bharat Limited specializes in Solar PV Module manufacturing, Robust Financials (FY22-FY24) Solar Systems and Allied Services, Electrical Contracting, and Water Supply Scheme Projects. Total
Slide 15: Our Vision & Mission
Our Vision & Mission Vision Mission Leading The Renewable Energy Revolution In Lighting The Path To A Brighter India The Asian Subcontinent We aspire to be the premier force driving the renewable energy sector's We have set forth on a journey that encompasses multiple facets, and growth in the Asian
Slide 16: Key Business Strengths
Key Business Strengths 1 2 3 4 5 Backward Integration Strong Pipeline Diverse Business Robust Financial Expert Leadership with Cutting-Edge of Orders Footprint Performance Team Manufacturing Facility 15
Slide 17: Backward Integration with Foray into Solar PV Module Manufacturing
Backward Integration with Foray into Solar PV Module Manufacturing Solar Energy – Developed Capability to Provide End-to-End Project Solutions Manufacturing of EPC O&M PV Modules In-house In-house In-house • To enhance our capabilities and offer comprehensive solutions, we have ventured into manufac
Slide 18: Strong Order Book of Rs 295 Cr, ~2x of FY24 Revenue
Strong Order Book of Rs 295 Cr, ~2x of FY24 Revenue Description of Product Location Order Book (Rs Mn) % Solar Water Pumping System Rajasthan 110 Solar Water Pumping System Rajasthan 45 On Grid Solar Power Plant Uttar Pradesh 98 On Grid Solar Power Plant Uttar Pradesh 8 Power Plant Rajasthan 3 Solar
Slide 19: Well Diversified Presence across States and Marquee Customers
Well Diversified Presence across States and Marquee Customers Geography-wise Revenue Bifurcation Dakshin Gujarat Jharkhand Renewable Kalthia Engineering Gujarat Industrial Rajasthan Himachal Pradesh Vij Company Energy Development Construction Ltd Development Renewable Energy Punjab 0.11% Limited Age
Slide 20: Track Record of Robust Financial Performance
Track Record of Robust Financial Performance Revenue from Operations (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT (Rs Mn) & PAT Margin (%) 20% 12% 1,702 15% 346 9% 9% 12% 199 1,055 8% 5% 833 902 137 82 103 86 72 52 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 EBITDA EBITDA Margin PA
Slide 21: Well-Experienced Management Team
Well-Experienced Management Team Ketan Patel Chairman, Managing Director and Promoter Shilpa Patel Experience of 25 years in Government liasoning and Business Development. Non-Executive Director He played a significant role in the growth of the company. At present, he looks after functions such as l
Slide 22: Business Vertical
Gganesh Business Vertical
Slide 23: Manufacturing: Solar PV Modules
Manufacturing: Solar PV Modules About PV Modules: A renewable energy product which converts incident solar radiation (Sun Light) into electricity. Usually mounted on terrace, open land or water bodies & exposed to direct solar radiation throughout the day. • Facility Located at: Tundali, Mahesana, G
Slide 24: Manufacturing Process: Solar PV Modules
Manufacturing Process: Solar PV Modules EVA Cutting Machine: Layup Machine: Glass Loader : Auto feeding EVA coiled Adopts automation technologies 2nd EVA Automatically draw glasses on material, auto cutting and such as PLC, servo, mechanical tray above assembly line Cutting machine punching, and lay
Slide 25: Services: 1. Solar System & Allied
Services: 1. Solar System & Allied Solar Home Light Systems Solar Power Plant Solar Power Plant Solar Water Pumping System Solar High Mast & (CFL & Led Based): (On – Grid): (Off – Grid): (Surface & Submersible): Street Light System Description: Description: Description: Description: Description: Con
Slide 26: Services: 2. Electrical Contracting- Class 'A' Contractor
Services: 2. Electrical Contracting- Class ‘A’ Contractor Street Lighting System Overhead Transmission Line Work Substation Work Description: Description: Description: SITC & EPC Projects of streetlight for Complex work for transmitting electricity over Substations are key components of electrical g
Slide 27: Services: 3. Water Supply Scheme Projects
Services: 3. Water Supply Scheme Projects • Project aims to provide piped water supply to every rural household across the designated areas • Improve access to clean and safe drinking water, reduce the manual burden to fetch water from distant sources, and enhance overall health and hygiene in rural
Slide 28: Industry Overview
G g Green Bharat Limited © Industry Overview
Slide 29: The Future is Renewable …
The Future is Renewable … India’s Growth will require increase in Power Generation … 2030 • India aims to become a US$ 5 trillion Economy by 2025 and ~US$ 40 – 45 trillion by 2050.1 ✓ Achieve total capacity of 500 GW of non-fossil fuel- • The peak electricity demand is expected to reach 750 GW by 20
Slide 30: … and Solar will be the Shining Star
… and Solar will be the Shining Star Advantage India – Driven by Solar Solar Power Capacity • India has immense solar energy potential, receiving about 5,000 trillion kWh annually, with most regions getting 4 to 7 kWh per square meter daily. Solar photovoltaic (PV) power is 750 highly scalable and s
Slide 31: Way Forward
Government Initiatives to Promote Solar Energy ✓ Solar city per state-approved and approved setting up 57 solar parks of 39.28 GW across the nation. ✓ The country plans to reach 500 GW of installed renewable energy capacity by 2030, with 300 GW (over 60%) expected from solar power. ✓ Atmanirbhar Bha
Slide 32: Annual Financials
G g Green Bharat Limited &) Annual Financials
Slide 33: Profit and Loss
Profit and Loss Particulars (Rs Mn) FY22 FY23 FY24 2Yr CAGR Revenue From Operation 1,055 902 1,702 Other Income 6 4 18 Total Income 1,061 906 1,720 27% Cost of Materials Consumed 652 604 1,252 Changes in Inventories 0 0 -109 Employee Benefits Expense 57 40 44 Other Expenses 253 118 162 EBITDA 98 144
Slide 34: Balance Sheet
Balance Sheet Liabilites (Rs Mn) Mar-22 Mar-23 Mar-24 Sep-24 Assets (Rs Mn) Mar-22 Mar-23 Mar-24 Sep-24 Share Capital 12 12 182 248 Property, Plant & Equipment 16 18 197 214 Reserves & Surplus 259 340 391 1,632 and Intangible Assets Other Non-Current Assets 89 81 125.0 721.7 Minority Interest 0 0 16
Slide 35: Cash Flow
Cash Flow Particulars (Rs Mn) FY22 FY23 FY24 H1FY25 (A) Net Cash Flow from Operating Activities -85 -24 2 -1089 (B) Net Cash Flow from Investing Activities -17 -3 -97 -36 (C) Net Cash Flow from Financing Activities 104 26 96 1124 Net (Decrease)/ Increase in Cash & Cash Equivalents 2 -1 1 -1 (A+B+C)
Slide 36: Stock Information
Stock Information Shareholding Pattern (as on September-24) Share Price Movement 600 3,000 Public 20.8% DII Promoters 500 2,500 2.8% 73.4% FII 400 2,000 3.1% Price in Rs 300 1,500 Volumes (in ‘000) Promoters FII DII Public 200 1,000 100 500 Script Related Information (as on 12th November 2024) NSE C
Slide 37: Thank You
Thank You Ganesh Green Bharat Ltd. Stellar IR Advisors Pvt. Ltd. CIN No. : U31900GJ2019PLC108417 Pooja Sharma / Akhilesh Gandhi Palak Joshi pooja.sharma@stellar-ir.com / akhilesh@stellar-ir.com cs@ganeshgreen.com Phone: +91 22 62398024