Nitiraj Engineers Ltd. · NSE:NITIRAJ
Nitiraj Engineers — H1 FY21 Earnings Presentation
36 slides from Nitiraj Engineers's earnings presentation, Nov 25, 2020
Slide 1: Nitiraj Engineers Limited Result Update Presentation H1 FY21
Nitiraj Engineers Limited Result Update Presentation H1 FY21
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nitiraj Engineers Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any
Slide 3: Table of Contents
Table of Contents Financial Highlights Company Overview Business Overview Way Ahead Way Ahead 3
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Standalone Financial Highlights – H1 FY21
Standalone Financial Highlights – H1 FY21 Rs. Cr H1 FY21 H1 FY20 Y-o-Y(%) H2 FY20 Revenue from Operations 18.10 26.00 (30.37%) 21.87 Raw Materials 10.25 15.72 10.41 • Revenue decline of Employee Cost 2.16 2.28 2.56 ~31% mainly on Other Expenses 3.97 5.75 7.55 account of sales Total Expenditure 16.37
Slide 6: Consolidated Financial Highlights – H1 FY21
Consolidated Financial Highlights – H1 FY21 Rs. Cr H1 FY21 H1 FY20 Y-o-Y(%) H2 FY20 Revenue from Operations 18.10 26.00 (30.37%) 21.87 Raw Materials 10.25 15.72 10.41 • Revenue decline of Employee Cost 2.16 2.28 2.56 ~31% mainly on Other Expenses 3.97 5.75 7.55 account of sales Total Expenditure 16.
Slide 7: Revenue Break Up - Segmental
Revenue Break Up - Segmental H1 FY20 H1 FY21* Non - Govt. Sales, 37.00% Govt. Sales, 12.42% Govt. Sales, Non - Govt. 63.00% Sales, 87.58% *includes spare parts sales 7
Slide 8: Revenue Break Up – Geographical
Revenue Break Up – Geographical* H1 FY20 H1 FY21** North, North, 7.19% Central, South, 4.27% Central, 11.17% 4.41% South, 19.04% 8.68% East, 25.72% West, East, 28.81% 36.28% West, 54.43% *Accounts for Non-Government sales **includes spare parts sales and excludes exports 8
Slide 9: Standalone Balance Sheet Highlights
Standalone Balance Sheet Highlights As on 30th As on 31st As on 30th As on 31st Rs. Crs Rs. Crs Sept’20 Mar’20 Sept’20 Mar’20 Shareholders Funds 69.62 69.47 Non-current Assets 42.41 47.08 Share Capital 10.25 10.25 Property, Plant and Equipment 32.65 32.85 R&S 59.37 59.22 Intangible Assets 5.13 4.68
Slide 10: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights As on 30th As on 31st As on 30th As on 31st Rs. Crs Rs. Crs Sept’20 Mar’20 Sept’20 Mar’20 Shareholders Funds 69.35 69.21 Non-current Assets 42.41 47.08 Share Capital 10.25 10.25 Property, Plant and Equipment 32.65 32.85 R&S 59.10 58.96 Intangible Assets 5.13 4.6
Slide 11: Standalone Financial Highlights – Annual
Standalone Financial Highlights – Annual Rs. Cr FY20 FY19 Y-o-Y (%) Revenue from Operations 47.86 53.88 (11.17%) Raw Materials 26.14 26.59 Employee Cost 4.83 4.15 • Revenue decline Other Expenses 13.29 14.48 mainly on Total Expenditure 44.26 45.22 account of EBITDA 3.60 8.66 (58.43%) decline in orde
Slide 12: Consolidated Financial Highlights – Annual
Consolidated Financial Highlights – Annual Rs. Cr FY20 FY19 Y-o-Y (%) Revenue from Operations 47.86 53.88 (11.17%) Raw Materials 26.14 26.59 Employee Cost 4.83 4.15 • Revenue decline Other Expenses 13.29 14.48 mainly on Total Expenditure 44.26 45.22 account of EBITDA 3.60 8.66 (58.43%) decline in or
Slide 13: Revenue Break Up - Segmental
Revenue Break Up - Segmental FY19 FY20 Non - Govt. Sales, Non - Govt. Sales, 43.79% 49.80% Govt. Sales, Govt. Sales, 50.20% 56.21% 13
Slide 14: Revenue Break Up – Geographical
Revenue Break Up – Geographical* FY19 FY20 North, North, 6.18% Central, 6.36% South, Central, South, 20.13% 9.32% 19.93% 9.11% East, West, West, 36.83% East, 26.14% 27.51% 38.46% *Accounts for Non-Government sales 14
Slide 15: Standalone Balance Sheet Highlights - Annual
Standalone Balance Sheet Highlights - Annual As on 31st As on 31st As on 31st As on 31st Rs. Crs Rs. Crs Mar’20 Mar’19 Mar’20 Mar’19 Shareholders Funds 69.47 66.88 Non-current Assets 49.09 37.71 Share Capital 10.25 8.20 Property, Plant and Equipment 32.85 23.54 R&S 59.22 58.68 Intangible Assets 4.68
Slide 16: Consolidated Balance Sheet Highlights - Annual
Consolidated Balance Sheet Highlights - Annual As on 31st As on 31st As on 31st As on 31st Rs. Crs Rs. Crs Mar’20 Mar’19 Mar’20 Mar’19 Shareholders Funds 69.21 66.80 Non-current Assets 48.84 37.62 Share Capital 10.25 8.20 Property, Plant and Equipment 32.85 23.54 R&S 58.96 58.60 Intangible Assets 4.
Slide 17: Company Overview
Company Overview
Slide 18: Company Overview
Company Overview Leading manufacturer of Electronic Weighing Strong Geographical Presence Scales & Systems and Digital Fare Meters ▪ Installations across 5 countries ▪ Incorporated in 1989 ▪ Middle East, SAARC and African Countries ▪ Develops and sells products under own registered brand ‘PHOENIX’ S
Slide 19: Timeline
Timeline 2018- 2011- 2020 2017 ▪ Ventured into Government ▪ New plant commenced operations (in ▪ Developed and installed CGMS and MAA in Aanganwadis Supplies (State as well as Central Dhule, Maharashtra with land area of 8 all over India to control malnutrition amongst children - government) acres)
Slide 20: Management Team
Management Team Mr. Rajesh R. Bhatwal Mrs. Shakuntala R. Bhatwal Women Whole Time Director Chairman & Managing Director ▪ Over 27 years of experience in Electronics Weighing Scales ▪ Over 28 years of experience ▪ Responsibilities include overseeing manufacturing activities, ▪ Strong business acumen,
Slide 21: Key Strengths
Key Strengths Diversified Product Range Experienced Management Team ▪ Offering entire range of Electronic Weighing Scales ▪ Chairman Mr. Rajesh Bhatwal is engaged in catering to jewelry, commercial, industrial, health weighing scales and other electronic products’ and household markets business for
Slide 22: Business Overview
Business Overview
Slide 23: Domestic Industry Opportunity
Domestic Industry Opportunity Weighing Scales Currency Counting Machines ▪ Almost every transaction involves process of ▪ Cash counting and counterfeit note detection is weighing, due to which weighing scale plays process widely required with high speed and mandatory and important role in day-to-day
Slide 24: Diversified Product Portfolio… …Catering to various sectors
Diversified Product Portfolio… Industrial Commercial Jewellery Healthcare Household Automobile Range Range Range Range Range Range ▪ Currency Counting ▪ High Accuracy ▪ Baby Weighing ▪ Personal Weighing ▪ Electronic Fare ▪ Electronic Weigh Machine Weighing Balances Machines Scale Meters for auto Bri
Slide 25: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Used in Jewellery Shops & Laboratories / Paper Industries Jewellery Scale ▪ Highest accuracy of 10 mg ▪ Carat counting, percentage & GSM functions ▪ Used by Departmental Stores, Grocery Shops, Packaging Industries etc. Ta
Slide 26: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Used at Steel Plants, Dockyards, Fabricators, Vehicle Junk Yards, Construction Sites, Foundries Hanging Scales ▪ IR Remote Control Operation ▪ Pocket scale is widely used for weighing gas cylinders and at airports ▪ Very
Slide 27: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Specially designed to weigh recipe items accurately Kitchen Scales ▪ Light weight, Portable ▪ Ideal for Hospitals, Clinics, Schools, Health clubs, Physical examination centers, Gym etc. Body Mass Index (BMI) Scale ▪ Autom
Slide 28: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Hotel RFID locks, Room number plates and power saving switches Hotel Automation ▪ Infantometer - measure length of infants in recumbent position Health Monitoring Devices ▪ Stadiometer – measure height of adult and child
Slide 29: Some New Products
Some New Products ▪ Protective Face Shield : PFS-1 - provides complete coverage of eyes, nose and mouth from splashes, sprays and splatter of bodily fluids, designed for increased air flow & comfort and is washable & reusable ▪ Electromagnetic Weighing balances : NLB Series - uses electromagnetic fo
Slide 30: State of art Manufacturing Facility - New
State of art Manufacturing Facility - New Dhule, Maharashtra ▪ Total Area : Land of 8 acres has been acquired for world-class, state-of-the-art manufacturing facility including 4 buildings : ✓ Tool room and molding shop - area of 1,100 sq. meters ✓ Main Factory - area of 5,600 sq. meters ✓ Canteen b
Slide 31: State of art Manufacturing Facility
State of art Manufacturing Facility Parwanoo, Himachal Pradesh ▪ Installed Capacity - 400 machines per day ▪ Total Area – about 15,000 sq. ft. ▪ Tool Room section and Molding shop –have been shifted to new facility at Dhule, Maharashtra ▪ Other machineries - wave soldering machine, automatic calibra
Slide 32: Wide Distribution Network
Wide Distribution Network Domestic ▪ Pan India presence ▪ 17 branches across Maharashtra, Odisha and Chhattisgarh ▪ About 400 dealer network across India International ▪ UAE, Nepal, Sri Lanka, Malavi (Africa) More than 10 lakh satisfied customers and counting!! 32
Slide 33: Strong R&D – 'Innovation Room'
Strong R&D – ‘Innovation Room’ ▪ In-house R&D Center at Dhule, Maharashtra ▪ Strong team of ~ 15 expert engineers – continued focus on knowledge & skill upgradation ▪ Programming: Hands-on coding and programming in various environments like C language, Assembly language, Linux OS, Android OS ▪ PCB d
Slide 34: Way Ahead
Way Ahead
Slide 35: Way Ahead
Way Ahead New Manufacturing Unit: ▪ New manufacturing facility complete - world-class machineries and facilities in Dhule, Maharashtra ▪ New facility has commenced its commercial operations Marketing: ▪ Enhancing Brand Image through increased spend on advertisements and other promotional activities
Slide 36: Thank You
Thank You NITIRAJ NITIRAJ IN For further information, please contact: Company : Investor Relations Advisors : Nitiraj Engineers Limited Bridge Investor Relations Pvt. Ltd. Mr. Kailas Agrawal Mr. Amit Sharma Chief Financial officer amit@bridge-ir.com investor@nitiraj.net Ms. Disha Shah disha@bridge-i