Slide 1: Jash Engineering Ltd. Investor Presentation Q2FY24
JASH ENGINEERING LTD. Contributing to a sustainable environment…….Worldwide ! Investor Presentation Q2FY24, November 2023 Mahr Shivpad Engineers Maschinenbau Pvt Ltd
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Jash Engineering 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 secur
Slide 3: Agenda
1 Company Overview Agenda 2 Product Overview 3 Financial Overview 4 Business Outlook Head Office at Unit 1 in Indore
Slide 4: Company Overview
Company Overview
Slide 5: Jash at-a-glance
Jash at-a-glance An ISO-9001:2015 / ISO-14001:2015 / OHSAS ISO 45000:2018 certified company dedicated to offering varied products for use in Water and Wastewater Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Desalination, Power, Steel, Cement, Paper
Slide 6: Evolution of the company
Evolution of the company Biggest Water Control gates company of India Established UNIT-3 of Expanded Screen manufacturing Technical collaboration with & converted into public limited company. 50,000 Sqft. At SEZ facility and became largest Weco Armaturen, Germany to Technical & Financial collaborati
Slide 7: Evolution Through Acquisition
Evolution Through Acquisition Waterfront Fluid Controls Ltd, UK To seize the opportunity presented by closure of Hambaker and become the largest (FY-23 revenue ₹ 28 Cr) Water Control Gates company in UK using Waterfront local presence. (Acquisition value GBP 2 million.) Rodney Hunt Inc., USA To add
Slide 8: State of Art Facilities & Turnover Capability
State of Art Facilities & Turnover Capability Total Turnover Potential from existing facility ₹ 600+ Cr UNIT-1 CAST PRODUCTS PLANT UNIT-2 FABRICATED PRODUCTS PLANT UNIT-3 SEZ PLANT Built Up Area: 125,000 Sq. ft. Built Up Area: 185,000 Sq. ft. Built Up Area: 75,000 Sq. ft. Turnover Capability : ₹ 75
Slide 9: Plant Capabilities
Plant Capabilities Bend & shear Shot blasting of carbon Physical & Chemical stainless steel up to steel up to 5000 x 4000 x testing of material 14 mm thick 20000mm Machine job with maximum size of upto Bath pickle 10,000 x 4000 x stainless steel jobs Flight Forming Positive Material 1000 mm on CNC u
Slide 10: Products Overview
Products Overview
Slide 11: Product at a Glance
Product at a Glance Water intake Systems Heavy Fabricated Gates Coarse Screening Fine Screening Equipment Equipment Penstocks / Open Channel Bulk Head Slide Roller Gates Trash Rack Jash MMR Screenmat Step Rotoclean Rotary Sluice Gates Gates Gates Screen Screen Drum Screen Downward Opening Flap Gates
Slide 12: Product at a Glance
Product at a Glance Screening Conveying Heavy Fabricated Gates Bulk Solid Handling Knife Gate Valves Equipment Valve Belt Conveyor Screw Conveyor Trash Rack “MONO” Series Slide Gate Valve Swing Gate Valve Knife Gate Valve – Version ZFB – Version KU Special Purpose Valves Screw Conveyor Jet Breaker D
Slide 13: Product at a Glance
Product at a Glance Process Equipment Heavy Fabricated Gates Detritor Slow speed floating aerator Clarifier Clarifloculator Slow speed fixed aerator Hydro Power Equipment Screw Pumps Filtering Equipment Heavy Fabricated Gates Hydropower Screw Generator Archimedean Screw Pump iFILT® Diamond Disc Filt
Slide 14: Product at a Glance
Product at a Glance Secondary Treatment Equipment Diffuser Aeration Mixing & Aeration Equipment Decanting Equipment Turbo Blower jashindia.com 14
Slide 15: Application Of Products
Application Of Products Water intake systems Storm water pumping Water & waste water Irrigation systems stations treatment plants Power plants Paper & pulp plants Petrochemical plants Steel plants jashindia.com 15
Slide 16: Product Offerings With Revenue Contribution (Q2FY24)
Product Offerings With Revenue Contribution (Q2FY24) Water Control Gates Screening Equipment 17% 60% 58% 27% Revenue Contribution Revenue Contribution Hydropower & Pumping , Valves Process Equipment and others 17% 9% 8% 8% Revenue Contribution Revenue Contribution jashindia.com 16
Slide 17: Making The World Our Market
Making The World Our Market From predominant sales in single geography of India in early nineties, the company is today present in multiple (over 45 countries) regions with each region having significant contribution in turnover. EUROPE Sweden & AFRICA Norway INDIA Canada H1 FY24 United Kingdom H1 F
Slide 18: Clients & Consultants - India
Clients & Consultants - India CONTRACTORS CONSULTANTS jashindia.com 18
Slide 19: Clients & Consultants - International
Clients & Consultants - International CONTRACTORS CONSULTANTS jashindia.com 19
Slide 20: Financial Performance
Financial Performance
Slide 21: Standalone Performance – Jash, Shivpad & Jash USA
Standalone Performance – Jash, Shivpad & Jash USA JASH ENGINEERING LTD. SHIVPAD ENGINEERING PVT. LTD. JASH USA / RODNEY HUNT Revenue (₹Cr)* Revenue (₹Cr)* Revenue (₹Cr/ US$ Mn) 105.3 115.9 ₹ 58.8 / $7.1 9.8 ₹ 34.6 / $ 4.2 4.5 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 PAT (₹Cr) PAT (₹Cr) PAT (₹Cr/ US
Slide 22: Consolidated Financial Snapshot
Consolidated Financial Snapshot Revenues (₹Cr)* Gross Profit (₹Cr) & Margin (%) EBITDA (₹Cr) & Margin (%) 66.0% 9.8% 10.0% 62.4% 161.9 123.1 101.4 16.2 81.3 12.1 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 Profit Before Tax (₹Cr) Profit After Tax (₹Cr) 6.1 5.2 2.7 1.5 H1FY23 H1FY24 H1FY23 H1FY24 * inc
Slide 23: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Cr) Q2FY24 Q1FY24 Q2FY23 H1FY24 H1FY23 Total Income 96.5 65.5 74.8 161.9 123.1 Total Expenses 86.7 69.3 67.9 155.9 120.4 EBITDA 15.5 0.9 11.6 16.4 12.1 EBITDA Margin (%) 16.1% 1.4% 15.5% 10.1% 9.8% Finance Cost (Net) 3.0 2.0 2.3 5.0 4.3 Depreciation 2.7 2
Slide 24: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Cr) H1FY24 FY23 Particulars (₹ Cr) H1FY24 FY23 Equity & Liabilities ASSETS Shareholder's Funds Non-Current Assets Share Capital 12.0 12.0 Property, Plant & Equipment 84.4 86.1 Other Equity 231.5 226.7 Capital Work in Progress 7.3 3.5 Total Shareholder's Fund
Slide 25: Business Outlook
Business Outlook
Slide 26: Consolidated Order Book as on 1st November 2023
Consolidated Order Book as on 1st November 2023 Jash Engineering Ltd Within India ₹ 431 Cr ₹ 240 Cr Jash USA / Rodney Hunt Outside India ₹ 378 Cr ₹597 Cr Shivpad Engineering Pvt Ltd Combined order book stood at ₹ 28 Cr ₹ 837 Cr jashindia.com 26
Slide 27: Consolidated Order Pipe Line as on 1st November 2023
Consolidated Order Pipe Line as on 1st November 2023 ALREADY NEGOTIATED UNDER NEGOTIATION Within India Within India ₹ 16 Cr ₹ 20 Cr Outside India Outside India ₹ 13 Cr ₹ 04 Cr Combined Combined ₹ 29 Cr ₹ 24 Cr jashindia.com 27
Slide 28: Consolidated Sales Outlook for FY 23-24
Consolidated Sales Outlook for FY 23-24 Jash Engineering Ltd Within India ₹ 345 Cr (Achieved ₹111.93 crore in H1FY24) ₹ 220 Cr Jash USA / Rodney Hunt Outside India ₹ 200 Cr ₹ 295 Cr (Achieved ₹58.12 crore in H1FY24) Shivpad Engineering Pvt Ltd Combined ₹ 30 Cr ₹ 515 Cr (Achieved ₹ 4.30 crore in H1FY
Slide 29: Other Developments
Other Developments • The new SS Fabricated products plant was inaugurated on 30Th Sept at Unit-2. This plant will go into production in November end and will enhance capability of Unit 2 significantly. • The extension to head office building was completed in September and this will allow accommodati
Slide 30: Management Commentary
Management Commentary Mr. Pratik Patel Managing Director “The first-half results for H1FY24 show an optimistic trend. During this period we achieved a remarkable growth in income from operations of 31% by reaching ₹161.9 crores. The US business has also grown by approx. 70% and the losses has come d
Slide 31: Shareholders Information
Shareholders Information STOCK DATA SHAREHOLDING PATTERN (As on 31st October 2023) (As on 30th September 2023) Promoters NSE Symbol Market JASH Capitalization Public INR 1,655 Crore 51% 47.4% Shares 1.6% Stock Price Outstanding INR 1,379 Employee INR 1.20 Crore Trusts (231 Employees) jashindia.com 3
Slide 32: Thank You
THANK YOU FOR MORE INFORMATION, CONTACT CA Dharmendra Jain Siddesh Chawan Jash Engineering Limited Ernst & Young LLP/ Investor Relations E-mail: dharmendrajain@jashindia.com E-mail: Siddesh.Chawan@in.ey.com Ph.:0731-6732700, 0731-2720143 Ph.: +91 99302 35001 JASH ENGINEERING LTD RODNEYHUNT INC JASH