Dp Wires Ltd. · NSE:DPWIRES
Dp Wires — Q4 FY24 Earnings Presentation
25 slides from Dp Wires's earnings presentation, Jun 19, 2024
Slide 1: Cover letter to stock exchanges
Date: - June 19th 2024 To, To, National Stock Exchange of India Limited, Bombay Stock Exchange, Listing Department Exchange Plaza,C-1 Block-G, Listing Department, Bandra-Kurla Complex, P.J. Tower, Dalal Street ,Fort, Bandra(E) ,Mumbai-400051 Mumbai-400001 Dear Sir/Madam, Subject: - Investor Presenta
Slide 2: Investor Presentation Q4 & FY24
INVESTOR PRESENTATION Q4 & FY24
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by DP Wires 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 securities, a
Slide 4: Table of Content
Table of Content 25 Years of Excellence & Building Competencies 01 Key Highlights – Q4 & FY24 02 Company Overview 03 Growth Drivers 04 Q4FY2024 – Investor Presentation 3
Slide 5: 25 Years of Excellence and Building Competencies
25 Years of Excellence and Building Competencies… 2019 – 2023/24 • Migrated to NSE Mainboard in Jan-20 • Turnover crossed Rs 1,000 Cr in FY23 • Wire Division capacity increased to 100,000 MT • Forayed into export markets – Bangladesh, USA and Brazil • Listed on BSE under Direct Listing category in A
Slide 6: FY24 - Stable Performance despite Challenging Environment
FY24 - Stable Performance despite Challenging Environment Revenue (Rs Mn) EBITDA (Rs Mn) PAT (Rs Mn) 540 12,145 497 410 10,023 363 398 332 291 6,124 241 4,661 233 167 2,839 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Debt/Equity (X) ROE (%) & ROCE (%) Working Capital (
Slide 7: Consistently Growing Capacity and Sales Volumes
Consistently Growing Capacity and Sales Volumes Capacity (MT) - 3x in 5 Years Consistently Growing Sales Volume 85,943 Expanded capacity by 83,764 [VALUE] ~16,000 MT to ~100,000 MT in H1FY24… 67,347 …Unutilized Capacity available - Potential for sales volume growth 50,503 46,737 28,304 FY17 FY24 FY2
Slide 8: Key Business Highlights
Key Business Highlights Q4FY24 - Updates Global steel prices were on a declining trend in April 2024, due to a combination of local and global issues. Due to the State & General Election conducted during the last quarter of FY2024 has impacted overall demand & supply of the LRPC products FY24
Slide 9: Profit & Loss – Q4 & FY24
Profit & Loss – Q4 & FY24 Particulars (Rs Mn) Q4FY24 Q4FY23 Y-o-Y (%) Q3FY24 Q-o-Q (%) FY24 FY23 Y-o-Y (%) Net Revenue 2,085 3,871 -46% 2,536 -18% 10,023 12,152 -18% Total Expenses 1,950 3,668 2,446 9,526 11,605 EBITDA 135 202 -33% 90 49% 497 547 -9% EBITDA Margin 6.5% 5.2% 124 bps 3.6% 291 bps 5.0%
Slide 10: Annual Profit & Loss
Annual Profit & Loss Particulars (Rs Mn) FY20 FY21 FY22 FY23 FY24 Net Revenue 2,839 4,667 6,124 12,145 10,023 Total Expenses 2,606 4,335 5,726 11,605 9,526 EBITDA 233 332 398 540 497 EBITDA Margin 8.2% 7.1% 6.5% 4.4% 5.0% Depreciation 20 22 25 35 40 Interest Cost 13 11 21 20 29 Other Income 23 31 36
Slide 11: Balance Sheet Trend
Balance Sheet Trend Liabilities (Rs Mn) Mar - 22 Mar - 23 Mar - 24 Assets (Rs Mn) Mar - 22 Mar - 23 Mar - 24 Total Equity 1,518 1,915 2,262 Non-Current Assets 297 341 360 Share Capital 136 136 155 PPE 184 199 208 Other Equity 1,382 1,779 2,107 Other Non-Current Non-Current 1451 0 153 28 11 9 Asset L
Slide 12: Cash Flow
Cash Flow Particulars (Rs Mn) FY22 FY23 FY24 Net cash generated from Operating Activities (A) 45 455 236 Net cash used in Investing Activities (B) -48 -61 -45 Net cash used in Financing Activities (C) 29 -148 -57 Net (decrease)/ increase in cash and cash equivalents (A+B+C) 26 247 134 Add: Cash & Ca
Slide 13: Company Overview
Company Overview Q4FY2024 – Investor Presentation 12
Slide 14: About DP Wires
About DP Wires Established in the year 1998, DP Wires is India’s one of the leading manufacturers and suppliers of Steel wires, and Plastic films which find its application in industries like Oil & Gas, Power, Environment, Civil, Energy, Automobile, Infrastructure etc. Manufacturing facilities w
Slide 15: Experienced Management at the Helm
Experienced Management at the Helm Mr. Kantilal Kataria, Non-Executive Director The genius behind the DP wires, currently working as the Non-Executive Director of the company Graduated as BE Mechanical from GSITS Indore (M.P.) Gold Medalist in the year 1970. Having experience of 50+ Years in s
Slide 16: Company's State-of-the-art Facilities
Company’s State-of-the-art Facilities Sourcing – TATA Steel, JSW, Electro steel 100,000 MT capacity of Wires Growth - Sufficient space to plan future capacity expansion with minimum capex Integrated Facilities Under One Roof Sourcing of raw material Pickling Wire Drawing Stranding Insp
Slide 17: Strategically Located – Close to all demand centers
Strategically Located – Close to all demand centers Domestic International Centrally Located Manufacturing USA Plant that can cater to Northern and Southern Markets Delhi Nepal Noida In between India's major metro cities i.e., Mumbai & Delhi Ratlam Ratlam Ahmedabad (1,00,000 MT – Capacity) Kolkata I
Slide 18: Steel Products - Wide Product Portfolio
Steel Products - Wide Product Portfolio LRPC Strands Features Uses Low Relaxation Pre-Stressed Concrete To prestress the concrete in different Quality & Steel Strands which are used in pre- types of construction works Reliability stressing of concrete for different kind of Use in High Rise Com
Slide 19: Long Standing Relationships with Marquee Clients
Long Standing Relationships with Marquee Clients Approved Supplier in Approved Supplier in Metro Supplier of most of the mall Bullet Train Project Projects of India constructions in Mumbai, Delhi National Highways Nuclear Power Kolkata Metro Gujarat Metro Rail Madhya Pradesh Metro J Kumar Infra Auth
Slide 20: Business Strength
Business Strength Q4FY2024 – Investor Presentation 19
Slide 21: Well Placed to Continue the Growth Trajectory
Well Placed to Continue the Growth Trajectory Capacity Expansion Market Expansion • Domestic Market – Deepening relations with Expanded capacity by ~16,000 MT to ~100,000 Existing clients MT in H1FY24 • Export Market - Foraying into Newer Geographies Product Expansion Sector Opportunity Product (LRP
Slide 22: Industry Drivers
Industry Drivers • The government's capital drive contributed in maintaining the capacity utilization rate for the steel sector at a forecast of 80% in FY2024, regardless of assigning of some new expansion projects • Considering that the Central Government's capital expenses (capex) are anticipated
Slide 23: SWOT Analysis
SWOT Analysis STRENGTH WEAKNESS • Strong and proven track record of delivering growth through innovation • Competition from larger established peers • Resilient business model that has withstood multiple business cycles S • Players from unorganised sector pose price challenges in the medium term • D
Slide 24: Stock Information
Stock Information 1 year Stock Performance (Price-Volume) 750 9.0 Shareholding Pattern 700 8.0 (as on Mar ’24) 650 7.0 600 6.0 550 Public (in Lakhs) 5.0 500 25.2% 4.0 450 Promot 3.0 400 ers 2.0 74.8% 350 300 1.0 250 0.0 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr
Slide 25: Thank You
Thank You 16-18A, Industrial Estate, Ratlam – 457001 A – 405, Kanakia Wallstreet, Andheri (East), Mumbai Ms. Krutika Maheshwari Ms. Pooja Sharma Company Secretary & Compliance pooja.sharma@stellar-ir.com Officer +91-99309 53861 investors@dpwires.co.in Investor Relations Mr. Vishal Mehta investors@dp