Krishna Defence And Allied Industries Limited · NSE:KRISHNADEF
Krishna Defence And Allied Industries — H1 FY24 Earnings Presentation
43 slides from Krishna Defence And Allied Industries's earnings presentation, Nov 8, 2023
Slide 1: Cover letter to National Stock Exchange
Date: - 08.11.2023 National Stock Exchange of lndia Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block Bandra Kurla Complex Mumbai-400051 Symbol: - KRISHNADEF ISIN: - INE0J5601015 Sub: - Earning Presentation for half year ended 08.11.2023 Respected Sir/ Ma’am, Pursuant to Regulation 30 of SEBI
Slide 2: Investor Presentation H1'FY24
Defence | Dairy Investor Presentation H1’FY24
Slide 3: Safe Harbor
+ Safe Harbor This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Krishna Defence and Allied Industries Limited (“KDAIL”, "Company“), nor shall part, or all, of this document form the basis of, or be relie
Slide 4: Indigenous Defence Manufacturing
INDIGENOUS DEFENCE MANUFACTURING INDIGENOUS Defence manufacturing with Inhouse RESEARCH, DESIGN & DEVELOPMENT aimed at “IMPORT Substitution” KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 3
Slide 5: Table of Contents
Table of Contents 01 02 03 About Business Industry Us Overview Overview 04 05 Way Financial Forward Highlights KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 4
Slide 6: About Us
About Us 01 KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 5
Slide 7: Company Overview
+ Company Overview Krishna Defence and Allied Industries Ltd is 1997 2006 2022 one of the most rapidly advancing Started with Entered the Defence Sector with inhouse Listed on defence companies, providing critical manufacturing development of Bulb Bars required for ship NSE Emerge components to Indi
Slide 8: Manufacturing Facility
+ Manufacturing Facility Accredited with ISO 9001:2015 Quality Management System as Manufacturer and Exporter For manufacturing of For manufacturing of “Defence & Homeland Security” “Dairy Equipment & Allied” Products Products HALOL KALOL PLANT PLANT admeasuring ~60,000 sq. ft. admeasuring ~40,000 s
Slide 9: The Founder
+ The Founder With the engineering skills, Late Mr. Ashwin N. Shah, the founder and an inspirational leader, started an engineering company for manufacture of Stainless Steel Milk Cans in 1997 with an investment of INR 10 lakhs & 12 employees at Kalol, Gujarat with an objective to better maintain th
Slide 10: Meet the Team
+ Meet the Team Mr. Ankur Shah Mr. Sandeep Kadam Mr. Ravindranatha Maroli Mr. Rohit Shintre Mr. Jay Shah Managing Director Whole Time Director General Manager Product Development Head Chief Business Officer He holds a degree of Bachelor of He has completed his Bachelor He has completed his Bachelor
Slide 11: Board of Directors
+ Board of Directors Ms. Preyal Shah Mr. Ankur Shah Mr. Sandeep Kadam Mr. Divyakant Zaveri Mr. Jaykumar Toshniwal Chairperson & Managing Whole Time Director & Independent Independent Additional Director Head of Engineering Director Director Non-Executive Director Department KRISHNA DEFENCE AND ALLIE
Slide 12: Our Objectives
+ Our Objectives MISSION VISION VALUES To continuously strive to To become the go-to company Performance with pride and deliver innovative, cost for world-class Engineering honor wherein ethical efficient, and modern products within India by behavior is encouraged. The engineering solutions laced co
Slide 13: Our Evolution
+ Our Evolution Established and Recognition from Received approval Signed 3 TOT with Signed TOT with started the DMRL, Hyderabad for certificates from DIPAS (DRDO), New R&DE(DRDO), Pune organisation with successfully American Bureau of Delhi & received for developing IED manufacturing of manufacturi
Slide 14: Business Overview
Business Overview 02 KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 13
Slide 15: Business Overview
+ Business Overview ▪ Vertically integrated Defence solution provider Diversified Business of Developing ▪ Catering to indigenously developed defence products Manufacturing Equipment ▪ Industry expertise into special steel alloys and steel products ▪ Comprehensive in-house capabilities of research,
Slide 16: Business Verticals
+ Business Verticals 82%* 18%* DEFENCE DAIRY It’s Engineering! * In revenue terms (FY23) KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 15
Slide 17: Financial Overview
+ Financial Overview Operating Revenue (INR Mn) EBITDA 700 100 16.5% 20.0% 637 80 13.6% 12.6% 13.3% 13.9% 13.3% 15.0% 60 600 10.0% 40 20 5.0% 499 36 44 66 89 32 47 500 0 0.0% FY20 FY21 FY22 FY23 H1FY23 H1FY24 400 EBITDA (INR Mn) EBITDA % 350 522 352 357 300 250 Net Profit 243 195 250 200 60 8.3% 8.4
Slide 18: Defence
+ Defence Providing INDIGENOUS SOLUTION to the INDIAN DEFENCE INDUSTRY Transfer of In-house Technology from QUALITY Development, DRDO & others, manufacturing and supply of Products production and + supply of Products ON TIME DELIVERY Providing solutions to Indian Navy, Indian Army and for Homeland S
Slide 19: Defence (ToT)
+ Defence (ToT) Space Heating Mounting and Device (Bukhari) Support Equipment used at for Multi Spectral Awarded with high altitude in very Camouflage Net cold climatic “Transfer of Technology” (MSCN) conditions Solar Snow Melter for developing & used at high manufacturing and sale altitudes of Defe
Slide 20: Defence Products (1/3)
+ Defence Products (1/3) “DMR249A” Grade Steel Bulb Bars Special Steel Alloy Ballast Bricks Heavy Vehicle Factory Steel Profile In-house Development In-house Development In-house Development Description: Description: Description: These are specialized steel sections It has low magnetic signature and
Slide 21: Defence Products (2/3)
+ Defence Products (2/3) Special Steel Alloy Welding Wire Welding Electrodes Improved Space Heating Device In-house Development In-house Development Transfer of Technology from DIPAS & Description: Description: DRDO It has a diameter ranging from It have low magnetic signature and Description: 1.20m
Slide 22: Defence Products (3/3)
+ Defence Products (3/3) Modular Vehicle Barrier IED Containment Vessel In-house Development Transfer of Technology from R&DEE, Description: Pune and DRDO (Under Development It helps in preventing intruding vehicle, Stage) ensuring safety in large Description: gatherings/crowds. It is one time use,
Slide 23: R&D Capabilities
+ R&D Capabilities Our Research & Development Activities are being focused on developing new products and solutions leading to improved production process and improved quality of existing products Product R&D activities are mainly undertaken at our manufacturing facilities at Kalol and Halol. Design
Slide 24: Competitive Strengths
+ Competitive Strengths Registered and approved vendor for Indian Navy for supply of specialised steel section for Naval Shipbuilding in India to all the prominent ship builders Partnered with DRDO and its Vertically integrated defence divisions like DMRL, DIPAS and solution with Make in India R&DE
Slide 25: Defence Clientele
+ Defence Clientele Indian Army Indian Navy Boarder Security Defence Research Armoured Vehicles Forces & Development Nigam Limited Organisation Mazgaon Dock Cochin Shipyard Larsen and Garden Reach Goa Shipyard Limited Limited Toubro Shipbuilders & Limited Engineering Limited KRISHNA DEFENCE AND ALLI
Slide 26: Dairy
+ Dairy o The company started its engineering activities by introducing Stainless Steel Cans for the dairy industry. Growing at a steady pace o Since 1997, our dairy equipment has brought in hygienic Milk Collection & Storage which brought a revolution in the industry. Operating on an Autopilot mode
Slide 27: Dairy Products
+ Dairy Products Stainless Steel Milk Cans Robotic Milk Collection Unit Bulk Milk Cooling Tanks Description: Description: Description: It is made of food grade AISI 304 It is our “Patented Technology” and It is used by Dairies for cooling of milk (18/8) stainless steel with capacity measures the Mil
Slide 28: Industry Overview
Industry Overview 03 KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 27
Slide 29: Defence Industry Overview (1/2)
+ Defence Industry Overview (1/2) Indian Defence Sector’s top three largest Market Segment Indian Navy Outlook Surface India’s vision to be among Military Naval Combatants, top 5 ship building nation Fixed Wing Vessels Missile & Missile and ship repair hub of the Defence world in the next decade. Sy
Slide 30: Defence Industry Overview (2/2)
+ Defence Industry Overview (2/2) India has one of the strongest military forces in the world and holds a place of strategic importance for the Indian Government. The Presence of Indian Private Sector has grown since opening of the defence sector for indigenised manufacturing Indigenous production o
Slide 31: Government Policies & Initiatives
+ Government Policies & Initiatives In the last few years, the Government of India has taken various policy As of 2021, India has the world’s 3rd largest defence initiatives and brought in reforms to encourage indigenous design, expenditure. development and manufacture of defence equipment in the co
Slide 32: Defence Budget Outlook
+ Defence Budget Outlook Capital Outlay Defence Services (INR Bn) Naval Fleet & Dockyard (INR Bn) 1,626 1,500 309 1,389 282 287 1,345 571 537 1,104 551 518 210 195 449 528 477 375 460 262 332 372 297 326 254 RE 2019-20 RE 2020-21 RE 2021-22 RE 2022-23 BE 2023-24 RE 2019-20 RE 2020-21 RE 2021-22 RE 2
Slide 33: Way Forward
Way Forward 04 KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 32
Slide 34: New Business Prospects
+ New Business Prospects New Product Development Specialised Weld Consumables Ammunition for Defence & Aerospace Collaboration Design, Development & Manufacture Fire Resistant Composite Doors & hatches RF/Microwave/Optics Systems for Defence and Aerospace MoU Survey to develop products for Internal
Slide 35: Way Forward
+ Way Forward Capacity Expansion Development of New Defence Products Defence Electronics Aiming to increase capacity for The company is working towards new product Investing in company specifically key products by 50% at development for the defence to indigenise the incorporated for designing, Halol
Slide 36: Financial Highlights
Financial Highlights 05 KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 35
Slide 37: Half Yearly Highlights
+ Half Yearly Highlights EBITDA Net Profit Rs 47.0 Mn Rs 26.3 Mn Order Book as on Revenue PBT EPS 30.09.2023 (Rs Mn) 45.9% YoY 60.4% YoY Rs 352.3 Mn Rs 34.6 Mn Rs 2.27 Defence 1,990 Dairy 13 80.2% YoY 52.2% YoY 58.5% YoY Total 2,003 KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 36
Slide 38: Half Yearly Income Statement
+ Half Yearly Income Statement Particulars (INR Mn) H1FY24 H2FY23 H1FY23 YoY% FY23 FY22 YoY% Revenue from Operations 352.3 441.0 195.5 80.21 636.6 499.2 27.52 Total Expenditure 305.3 384.8 163.3 86.99 548.0 432.9 26.60 EBITDA 47.0 56.3 32.2 45.87 88.5 66.3 33.48 EBITDA Margin (%) 13.34 12.76 16.48 (
Slide 39: Profit & Loss Statement
+ Profit & Loss Statement Particulars (INR Mn) FY20 FY21 FY22 FY23 Revenue from Operations 249.92 350.27 499.19 636.53 Total Expenditure 214.32 306.20 432.88 548.04 EBITDA 35.60 44.06 66.32 88.50 EBITDA Margin (%) 14.25% 12.58% 13.28% 13.90% Other income 7.31 13.01 4.24 9.53 Depreciation 13.92 13.97
Slide 40: Balance Sheet
+ Balance Sheet Particulars (INR Mn) FY22 FY23 Particulars (INR Mn) FY22 FY23 EQUITY & LIABILITIES ASSETS Shareholders' Fund 241.19 408.67 Non-Current Assets 175.13 185.17 Share Capital 84.00 114.48 Property, Plant & Equipment 136.03 123.39 Other Equity 157.19 294.19 Capital WIP - 20.61 Non-Current
Slide 41: Awards & Appreciation (1/2)
+ Awards & Appreciation (1/2) Managing Director Mr. Ankur Shah receiving the Chairman Mr. Ashwin Shah receiving DTA Award Transfer of Technology from Honourable Defence from Honourable Prime Minister Narendra Modi Minister of India Shri Rajnath Singh. KRISHNA DEFENCE AND ALLIED INDUSTRIES LIMITED 40
Slide 42: Awards & Appreciation (2/2)
+ Awards & Appreciation (2/2) DTA Award NMRL Award SME Award Recognition with an Appreciation Certificate from Defence Metallurgical Research Laboratory (DMRL), Hyderabad for successfully developing Bulb Bars (ship building steel sections), a critical component for the Indian Navy’s indigenization p
Slide 43: Thank You
THANK YOU ® KRISHNA DEFENCE & ALLIED INDUSTRIES LTD KAPT I FY Consulting 344, A to Z Industrial Estate, Lower Parel, Strategy & Investor Relations | Consulting Mumbai – 400 013. Email: contact@kaptify.in | +91-845 288 6099 Website: www.krishnaallied.com Website: www.kaptify.in
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