Service Care Limited · NSE:SERVICE
Service Care — Investor Presentation (August 2024)
41 slides from Service Care's investor presentation, Aug 20, 2024
Slide 1: Intimation of investor presentation to NSE
20th Aug, 2024 Bangalore To, National Stock Exchange of India Ltd. Exchange Plaza, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 051 Sub: Intimation of investor presentation Ref : Symbol : SERVICE Dear Sirs, In accordance with the applicable requirements and regulations of the SEBI LODR (Listing
Slide 2: Service Care Limited Investor Presentation FY24
Service Care Limited Investor Presentation FY24
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Service Care Limited (Service Care, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and sh
Slide 4: Company Overview
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Slide 5: Service Care Limited: At a Glance
Service Care Limited: At a Glance Incorporated in 2011, Service Care Limited (Service Care, The Company) is a company headquartered in Bengaluru. They also have two regional offices in Chennai and Hyderabad. The Company specializes in providing WorkForce and WorkSpace Administration Services in vari
Slide 6: What Drives Us: Mission, Vision & Values
What Drives Us: Mission, Vision & Values Integrity Transforming Workspace & Empowering Workforce Vision & Mission Our Mission & vision is to relentlessly pursue excellence in driving Excellence efficiency and productivity for our partners by proficiently outsourcing and optimizing their essential bu
Slide 7: The Journey of Service Care Limited
The Journey of Service Care Limited 2017 2019 2011 • Incorporated as a Private Limited, 2015 • Acquired Services from • Launched project-based the company began with Facility Central Govt. & Banking Payroll, introduced B2C Management, later adding (SBI) • Expanded into verticalized FMS OTC services,
Slide 8: The Journey of Service Care Limited
The Journey of Service Care Limited 2024 2022 • Opened a new branch in Karnal, Haryana 2023 • Launched banking recruitment vertical; • Chola group FMS Contract acquired staffing from Kotak Life and Equitas Bank • Transformed from 2021 • Murugappa group FMS private to public with an Contract • Starte
Slide 9: Partnering with the Best: Our Clients
Partnering with the Best: Our Clients Caters to a wide-ranging clientele, including Construction, Manufacturing, Infrastructure, Engineering & IT and many more Top 10 customers contribute around 94% of the revenue 8
Slide 10: Partnering with the Best: Our Clients
Partnering with the Best: Our Clients Caters to a wide-ranging clientele, including Construction, Manufacturing, Infrastructure, Engineering & IT and many more Top 10 customers contribute around 94% of the revenue 9
Slide 11: PAN India Presence
PAN India Presence Our Offices Bengaluru Chennai Hyderabad Karnal For Workspace Division We provide services in 4 States Karnataka Tamil Nadu Telangana Haryana For Workforce Division We provide services in 21 States Karnataka Tamil Nadu Bihar Maharashtra Kerala Uttar Pradesh Andhra Pradesh Telangana
Slide 12: Our Competitive Strengths
Our Competitive Strengths Enduring Core values form the bedrock of a company's Values of the The company values collaboration and teamwork, culture, while the management team plays a vital company & Teamwork recognizing that success is achieved through the role in shaping and maintaining them. Manag
Slide 13: Management Overview
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Slide 14: Our Leadership: The Board
Our Leadership: The Board Shany Jalal, the entrepreneurial powerhouse behind Service Care Ltd., exemplifies determination, hard work, and business acumen—the essential ingredients of her successful venture. Her journey began in 1999 when she launched her company, initially focusing on janitorial ser
Slide 15: Our Leadership: The Board
Our Leadership: The Board Mr. Bharath Kumar Jain is currently the Fellow member of Institute of Chartered Accountants, a holder of Master’s Degree in Business Administration from University of wales in the year 2013. He is Proficient in analyzing company performances, conducting benchmark study/tren
Slide 16: Business Overview
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Slide 17: Services We Offer
Services We Offer We breathe WorkForce & WorkSpace Administration Service Care provides expertise in Creating & Maintaining WorkSpace integrated services. They empower businesses with versatile, comprehensive, and lasting WorkForce solutions. Integrated Business Services WorkForce Administration Wor
Slide 18: WorkForce Administration Services
WorkForce Administration Services HR & Compliance Solution Contract Staffing Recruitment Services Hiring Services IT Contract Staffing Talent Acquisition Payroll Management Offshore Development Centre Project Based Statutory & Compliance Management Project Solutions Recruitment International Onboard
Slide 19: WorkSpace Administration
WorkSpace Administration Hard FMS Soft FMS Business Services Physical Space Management People & Upkeeping Management Building Maintenance Traditional Services Hospitality Services Administrative Services O&M – Planned & Reactive Maintenance Housekeeping Café/Restaurant Concierge Services External Bu
Slide 20: Managed WorkSpace
Managed WorkSpace Meeting and Community and Additional Specialized Private Offices Conference Networking Amenities Services Rooms Opportunities • Fully furnished offices • Fully equipped meeting • High-speed internet • Community-building • Assisted incubation • Customizable spaces rooms • Printing s
Slide 21: Service Care's Recent Developments
Service Care’s Recent Developments New Launch of Banking Recruitment Managed Office Service Spaces Across India ServiceCare has launched its managed office spaces The banking recruitment vertical commenced its across India, beginning with a 425-seater facility in operations, introducing new services
Slide 22: Segment Wise Revenue Breakup FY24
Segment Wise Revenue Breakup FY24 WorkForce Administration Services WorkSpace Administration Services 1% 10% 13% 27% 3.30% 17% 4.10% 45% 4.10% 4.40% 1% 4% 7.50% 40% 19% Banking IT / ITES Infrastructure Infrastructure Engineering Manufacturing Corporates Education Technology FMCG Research Organisatio
Slide 23: Employee Cost Analysis
Employee Cost Analysis At Service Care, we are committed to nurturing our employee's growth and development. We understand that their individual achievements pave the way for the company's collective advancement. Blue Collar Employees White Collar Employees Number of Employees Average Salary Number
Slide 24: Industry Overview
Industry Overview 7,
Slide 25: India Facility Management Market Overview
India Facility Management Market Overview India Facility Management Market was valued at USD 27.72 Billion in 2024 and is anticipated to project robust growth in the forecast period with a CAGR of 13.87% through 2030. IFM: Well diversified market in terms of • Facility management (FM) market revenue
Slide 26: Future of Facility Management
Future of Facility Management With the increasing cost of materials and labor, facility management companies are focusing on cost-effective solutions for providing services, further 80 propelling the market. Moreover, numerous leading facility management The growing penetration of the Internet of Th
Slide 27: Staffing Industry Growth Overview
Staffing Industry Growth Overview • The staffing industry grew by 3.6% in Q3 FY24, reflecting strong demand for flexible workforce solutions. • Overall, the industry saw a notable 16.4% year-on-year increase throughout 2023. • Sectors such as e-commerce, retail, logistics, manufacturing, hospitality
Slide 28: Financial Overview
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Slide 29: Financial Performance In A Glance: Key Highlights And Metrics
Financial Performance In A Glance: Key Highlights And Metrics Total Income EBITDA EBITDA Margin PAT PAT Margin 4.72 4.56 4.38 4.31 192.45 159.12 115.01 2.49 2.87 2.75 89.33 2.41 2.16 2.23 1.58 0.69 1.38 0.77 0.23 0.26 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 All Amount In ₹ Cr & M
Slide 30: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particulars FY24 FY23 FY22 FY21 Revenues 192.81 159.00 114.95 89.26 Other Income 0.75 0.12 0.06 0.07 Total Income 193.56 159.12 115.01 89.33 Employee Costs 1.22 152.10 110.30 87.16 Raw Materials Expenses 186.24 1.22 1.28 0.73 Other Expenses 1.38 1.24 0.95 0.76 Total E
Slide 31: Balance Sheet
Balance Sheet Equities & Liabilities FY24 FY23 FY22 FY21 Assets FY24 FY23 FY22 FY21 Equity 8.41 0.01 0.01 Non Current Assets 11.50 Reserves 4.39 6.41 4.57 Fixed Assets 22.20 2.65 0.22 0.32 0.16 Net Worth 33.70 12.80 6.42 4.58 Deferred Tax Assets (Net) 0.31 0.33 0..12 0.08 Non Current Liabilities Oth
Slide 32: Cash Flow Statement
Cash Flow Statement In ₹ Cr Particulars FY24 FY23 FY22 FY21 Cashflow from Operations 5.70 2.86 0.29 2.87 Cashflow from Investments -21.65 0.02 -0.21 0.00 Cashflow from Financing 16.54 2.00 0.00 -0.06 Net Cash Flow 0.60 4.88 0.08 2.81 Opening Cash Balance 4.83 3.06 2.98 0.18 Closing Cash Balance 5.43
Slide 33: Assessing Financial Health: Key Ratios
Assessing Financial Health: Key Ratios In % In % ROE ROCE 28.38 34.23 25.23 24.69 13.14 12.94 8.00 5.06 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 In ₹ In Times Debt to Equity Current Ratio 0.69 1.55 1.50 0.53 1.25 1.30 0.24 0.00 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 32
Slide 34: Assessing Financial Health: Key Ratios
Assessing Financial Health: Key Ratios In ₹ In Days EPS Working Capital Cycle Receivable Payble Net Working Capital Cycle 5.21 4.13 65 64 1.88 54 54 0.28 45 46 FY21 FY22 FY23 FY24 35 38 Book Value Per Share In ₹ 26 29.31 19 15.21 7.63 -1 5.44 FY21 FY22 FY23 FY24 -11 FY21 FY22 FY23 FY24 Note – EPS &
Slide 35: WorkSpace & Workforce Breakup
WorkSpace & Workforce Breakup In % In % In % In % FY24 FY23 FY22 FY21 12% 11.34% 13.97% 14.68% 87.7% 88.66% 86.03% 85.32% WorkSpace Administration Services WorkForce Administration Services (In ₹ Cr) Segment FY24 FY23 FY22 FY21 WorkSpace Administration Services 23.71 18.04 16.06 13.10 WorkForce Admi
Slide 36: Key Clients Continue To Drive Revenue Growth
Key Clients Continue To Drive Revenue Growth FY24 FY23 FY22 FY21 7.52% 5.96% 7.70% 6.69% 92.48% 94.04% 92.30% 93.31% Top 10 Customers Other Customers (In ₹ Cr) Particulars FY24 FY23 FY22 FY21 Top 10 Customers 177.97 149.63 106.09 83.29 Other Customers 14.43 9.48 8.86 5.97 Total 192.45 159.12 114.96
Slide 37: The Way Ahead
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Slide 38: Navigating Our SWOT Landscape
Navigating Our SWOT Landscape Strength Weakness • Specialized services with dedicated account management • Prioritizing labor retention and maintaining a pool of skilled • Direct contracts for better control and accountability field workers • Educating customers about the value of precision cleaning
Slide 39: Our Growth Plan - Micro Level
Our Growth Plan - Micro Level Growth Matrix Services Revenue Profitability Geography Allied Service Brand Building Technology Go-To-Market Acquire new Profitable allied service Expand to all Invest on Janitorial business to focus Metro’s Phase wise Machineries for soft in 2023 & Hard Services Focus
Slide 40: Annexures
Annexures Stock Information Shareholding Pattern As on 07-08-2024 As on 31-03-2024 NSE Symbol SERVICE ISIN INE0P1Q01015 2.04 24.8 Share Price (₹) 65.75 Market Capitalization (₹ Cr) 75.60 No. of Shares Outstanding 1,14,98,500 73.16 Face Value (₹) 10.00 52 Week High (₹) 74.00 Promoter & Promoter Group
Slide 41: Thank You
Thank You Service Care Limited 1st Floor, #653, 2nd Main Road, Domlur Layout, Bangalore- 560 071. Phone: +91 80 25354728 Email: enquiry@servicecare.in Website: www.servicecare.in Kirin Advisors Pvt. Ltd. 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604. Phone: 022 4100 2455 Email: info@k