Bharat Wire Ropes Ltd. · NSE:BHARATWIRE
Bharat Wire Ropes — Investor Presentation (March 2024)
27 slides from Bharat Wire Ropes's investor presentation, Mar 4, 2024
Slide 1: Regulation 30 Investor Presentation Cover Letter
Ref.: BWRL/2023-24/SE/Misc./43 Date: 04th March, 2024 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051. Mumbai – 400 001. NSE Symbol: BHARATWIRE BSE Scrip Code: 539799 Dear
Slide 2: 1
1
Slide 3: Company Snapshot
Company Snapshot One of the largest manufacturer of Manufacturing capability of Steel Wires, Steel Wire Ropes in India Strands, Slings and Wire Ropes with over thousands of varieties Management with combined Integrated state-of-the-art wire rope plants experience of over three decades with a Total M
Slide 4: Company Overview
Company Overview
Slide 5: Company Overview
Company Overview • Bharat Wire Ropes Limited (“BWR”) was originally incorporated in the year 1986, and later in 2010, it Revenues (INR Mn) and EBITDA Margins (%) was acquired by Mr. M L Mittal, current promoter and managing director. The company is 26.65% headquartered in Mumbai, Maharashtra. 5,891
Slide 6: Board of Directors
Board of Directors Mr. Sanjiv Swarup Mr. Murarilal Ramsukh Mittal Mr. Mayank Mittal (Chairman & Non-Executive Independent Director): (Managing Director): (Joint Managing Director): He holds a degree in Bachelor of Commerce from the He was instrumental in acquiring our Company from the He holds a deg
Slide 7: Key Management Personnel
Key Management Personnel Mr. Mahender Singh Arora (CEO): He possesses an overall industry experience of 27 years. He holds a degree in Bachelors of Engineering from NIT, Bhopal, and has held executive positions with leading multinational companies spread over diverse sectors. He has been instrumenta
Slide 8: Key Milestones
Key Milestones Equity of INR 10 crores raised from Passionate 2021, debt restructuring Commencement of Investment Management completed the manufacturing Pvt. Ltd. backed by Raised INR 70 April 2022, credit rating from facility at Atgaon, Raamdeo Agarawal and crores through CARE upgraded to Thane, Mu
Slide 9: Exporting to 50+ countries across the Globe
Exporting to 50+ countries across the Globe Europe Finland Denmark Estonia Canada Poland UK Germany Ukraine Netherland Belgium Bulgaria North America Italy USA Turkey Azerbaijan Spain Nepal Kuwait Egypt Qatar Bangladesh Saudi UAE Asia Oman India Thailand Arabia Africa Singapore Uganda Indonesia Peru
Slide 10: Awards, Approvals, Accreditations and Certifications
Awards, Approvals, Accreditations and Certifications British Standard TUV (Quality SUD (Quality ISO 9001:2015 Institute and ANSI Management) Management) – ASQ National Accreditation Board EepcIndia 51st Export Awards Excellent Export performance Highest growth in Exports (2019) ISO 14001:2015 ISO 45
Slide 11: Business Overview
fe Na ed frie oP i Wh; ih ie tes oe ‘tis My M UM My Wl TA Tifa A Overview di
Slide 12: Product Mix
Product Mix Wire Ropes Strands Slings Steel Wire 6-90 MM of various Mechanically Spliced, Hand High carbon steel wires Description Stay Wire, Structural ranging from 0.3mm to 5.5 construction like 6*19, Spliced, Spelter Sockets and 6*36, 8*19, 35*7 etc. Strands and Earth Wire mm upto 2,360 N/mm^2 Sw
Slide 13: Applications
Applications Oil & Gas Cranes Mining Offshore Marine Elevator Structural Ship Mooring Roof Structure Ropes Industrial Cranes Speed Arresters Transmission Tower Industrial Cranes Offshore Cranes Suspension Bridge Ropes Elevator Ropes Dragline Drag & Hoist Trawl Warps Mobile Lattice Boom Cranes 12
Slide 14: Manufacturing Facility – Chalisgaon, Maharashtra
Manufacturing Facility – Chalisgaon, Maharashtra Commercialized in 2018 for an initial investment of approx. INR 5,500 Mn The highest tensile range covered is 2,360 N/mm^2 The patenting and Galvanizing furnace is a state-of-art 66,000 MTPA installed capacity facility covering a range of 0.90mm-12.0m
Slide 15: Products
Products Wire Ropes • A wire rope is a mechanical device made up of parts that work together to move, support a load and/or an object. • BWR is one of the largest manufacturers & exporter of high-quality wire ropes, that continues to create discernible value for Indian & Global clientele. • Steel Wi
Slide 16: Products
Products Strands • Strands can be galvanized steel wire strands, finding varied applications in the electrical industry in the form of stay wires; they also come in highly durable, pre- stretched varieties that are used for building small and large structures. • Earth Wires are a type of strand that
Slide 17: Strategic Overview
Strategic Overview
Slide 18: Strategic Overview
Strategic Overview Catering to a wider customer base on account of its diversified product offering 4 Industrial Promotion Subsidy equivalent to 100% of eligible Efforts been made to focus on productivity and occupy the investments as per SGST for a maximum of INR 4,350 Mn, of maximum number of mach
Slide 19: Industry Overview
Industry Overview
Slide 20: Industry Overview
Industry Overview • The Global Steel Wire Rope market is expected to grow at a CAGR of 6.0% from USD 93.2 Bn in 2020 to USD 124.7 Bn in 2025. Europe is expected to be the fastest growing end-use industry in steel wire market. • The Global Steel Wire Rope Industry is significantly being led by the As
Slide 21: Financial Overview
Financial Overview
Slide 22: Historical Income Statement
Historical Income Statement Particulars (INR Mn) 9M-FY24 FY23 FY22 FY21 Revenue from Operations 4,747 5,891 4,107 2,502 Total Expenses 3,482 4,503 3,486 2,177 EBIDTA 1,265 1,388 621 325 EBIDTA Margins (%) 26.65% 23.56% 15.12% 12.99% Depreciation and amortisation expenses 158 207 214 217 Finance cost
Slide 23: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) H1-FY24 FY23 FY22 Particulars (INR Mn) H1-FY24 FY23 FY22 Equity 6,108 5,602 4,517 Non-Current Assets 4,908 5,070 5,583 (a) Equity Share Capital 680 679 638 (a) Property, Plant and Equipment 4,740 4,809 4,915 (b) Other Equity 5,428 4,923 3,879 (b) Capital
Slide 24: Financial Highlights
Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 745 5,891 622 4,747 1,388 1265 4,107 2,502 137 15.69% 621 23.56% 26.65% 10.56% 325 3.34% 15.12% 12.99% FY21 FY22 FY23 9M-FY24 -6.71% FY21 FY22 FY23 9M-FY24 FY21 FY22 FY23 9M-FY24 -168
Slide 25: Capital Market Data
Capital Market Data 280% Stock Price (Upto 31ST December, 2023) 230% BWR SENSEX 180% 130% 80% 30% -20% Jan-2023 Feb-2023 Mar-2023 Apr-2023 May-2023 Jun-2023 Jul-2023 Aug-2023 Sep-2023 Oct-2023 Nov-2023 Dec-2023 Price Data (As on 31ST December, 2023) INR Shareholding Pattern (As on 31ST December, 202
Slide 26: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 27: Thank You
Thank You
Bharat Wire Ropes — Investor Presentation (March 2024) on 6ix