Praveg Limited · BSE:PRAVEG
Praveg — Q3 FY25 Earnings Presentation
66 slides from Praveg's earnings presentation, Feb 13, 2025
Slide 1: BSE filing cover letter
February 13, 2025 BSE Limited 25th Floor, P J Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 531637 Dear Sirs, Sub. : Investor Presentation on the Unaudited Financial Results (Consolidated and Standalone) for the quarter and nine months ended December 31, 2024 Pursuant to Regulation 30 of
Slide 2: Praveg Limited Investor Presentation Q3 FY25
PRAVEG LIMITED Investor Presentation Q3 FY25
Slide 3: Disclaimer
Disclaimer This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute prospectus or placement memorandum or an offer to acquire any securities. N o representation or warranty, express or implied is made as to, and no reli
Slide 4: Q3 FY25 Financial Highlights
Q3 FY25 Financial Highlights
Slide 5: Management Comment on Q3 FY25 Financial Performance
Management Comment on Q3 FY25 Financial Performance We are pleased with our strong revenue and operating profit growth, driven by strategic expansion and our commitment to eco-luxury hospitality. While expansion has led to higher depreciation and finance costs, impacting short-term profitability, we
Slide 6: Q3 FY25 Consolidated Performance Highlights
Q3 FY25 Consolidated Performance Highlights All Figures In ₹ Cr Total Income EBITDA Net Comprehensive Income 54.88 22.07 10.55 8.10 33.97 13.27 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Investor Presentation Previous 5 Next
Slide 7: Q3 FY25 Financial Performance
Q3 FY25 Financial Performance In ₹ Cr Consolidated Standalone Particulars Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Net Sales 54.28 33.07 43.04 32.89 Other Income 0.60 0.90 0.44 0.90 Total Income 54.88 33.97 43.48 33.79 Expenses Event & Site Expenses 21.16 12.63 15.99 12.48 Employee Benefit Expenses 7.32 5.30
Slide 8: Q3 FY25 Consolidated Performance Highlights (After Removing IND AS 116)
Q3 FY25 Consolidated Performance Highlights (After Removing IND AS 116) All Figures In ₹ Cr Total Income EBITDA Net Comprehensive Income 71.44 11.55 19.99 8.51 12.64 33.97 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Investor Presentation Previous 7 Next
Slide 9: Q3 FY25 Financial Performance (After Removing IND AS 116)
Q3 FY25 Financial Performance (After Removing IND AS 116) In ₹ Cr Consolidated Standalone Particulars Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Net Sales 70.84 33.07 59.61 32.89 Other Income 0.60 0.90 0.44 0.90 Total Income 71.44 33.97 60.05 33.79 Expenses Event & Site Expenses 37.73 12.63 32.55 12.48 Employe
Slide 10: 9M FY25 Consolidated Performance Highlights
9M FY25 Consolidated Performance Highlights All Figures In ₹ Cr Total Income EBITDA Net Comprehensive Income 115.14 40.28 12.71 22.68 61.06 11.36 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25 Investor Presentation Previous 9 Next
Slide 11: 9M FY25 Financial Performance
9M FY25 Financial Performance In ₹ Cr Consolidated Standalone Particulars 9M FY25 9M FY24 9M FY25 9M FY24 Net Sales 109.11 59.07 90.14 58.89 Other Income 6.03 1.98 5.84 1.98 Total Income 115.14 61.06 95.97 60.88 Expenses Event & Site Expenses 47.57 23.44 38.07 23.29 Employee Benefit Expenses 17.71 9
Slide 12: Q3 FY25 Operational Highlights
Q3 FY25 Operational Highlights
Slide 13: Q3 FY25: Notable Achievements
Q3 FY25: Notable Achievements Partnership with Lallooji & Sons for Three-Year Partnership with Mahindra Rann Utsav 2024-25 Holidays & Resorts India Ltd. (MHRIL) Master Franchise for Luxury Tent Bookings • Exclusive rights to market and manage • Enhancing Hospitality Standards Across Key bookings for
Slide 14: Praveg Resort at Damanganga, Silvassa
Praveg Resort at Damanganga, Silvassa. A renowned getaway, Silvassa is famous for lush greenery, tribal culture, and historic influences from Portuguese and Maratha rule. Attractions include Vanganga Lake Garden, Deer Park, Dudhani Lake, and the Tribal Cultural Museum, enhancing tourism Grand Openin
Slide 15: Praveg Beach Resort at Jalandhar House, Diu
Praveg Beach Resort at Jalandhar House, Diu Nestled on Gujarat’s southern coast, Diu is a serene town renowned for its Portuguese Partnership with Ginger – An IHCL Brand heritage, historic landmarks like Diu Fort Praveg Limited has partnered with Roots Corporation Limited (Ginger – An IHCL Brand) to
Slide 16: Company Overview
Company Overview
Slide 17: Praveg @ Glance
Praveg @ Glance Praveg is a pioneer in eco-responsible luxury hospitality. The Company’s resorts are located in areas of significance from a cultural and heritage point of view and places of exotic and natural beauty. The company’s luxury tents allow access to locations, where no traditional constru
Slide 18: Key Facts & Figures
Key Facts & Figures 20+ 150+ 1,000+ 2,000+ Years of Experience Client Base Events Exhibition Managing Q3 FY25 710+ Spread Across Revenues - ₹ 54.88 Cr 15 Resorts Rooms 4.87 Lakh Sqm EBITDA - ₹ 22.07 Cr Net Profit - ₹ 10.55 Cr 5 Star 2,03,333+ 8,50,088+ ISO Category Rooms Sold Meals served 9001:2015
Slide 19: Our Journey
Our Journey o Operations at Tent City in Light House Beach, Daman, o Establishment of Commenced from May, 2023 Praveg o Jampore Beach and Chakratirth Beach Launched on Communications Pvt. 12/08/2023 Ltd. o Awarded for Set up and Operate Tent City at Kihim in Raigad District of Maharashtra on PPP Bas
Slide 20: Our Core Competence
Our Core Competence o Low-cost, high-return innovative hospitality concepts o In-house creative studio o Long-term association with Tourism o A dedicated 24 x 7 Reservation Team for hospitality projects o A wide network of travel agents and online travel agents o Skilled team members with proven hos
Slide 21: BODs & KMPs
BODs & KMPs Mr. Kalpesh Patel Mr. Ajit Panda Mr. Mukesh Dr. Vishnukumar Mr. Bhumit Patel Mr. Dilipkumar Patel Non Executive Independent Director Chaudhary Patel Whole time Director Independent Director Director Company Secretary Chairman Mrs. Bijal Parikh Mr. Alpeshkumar Mr. Keyoor Bakshi Mr. Rajend
Slide 22: Strong Client Base (Government Sector)
Strong Client Base (Government Sector) Investor Presentation Previous 21 Next
Slide 23: Strong Client Base (Government Sector)
Strong Client Base (Government Sector) Investor Presentation Previous 22 Next
Slide 24: Strong Client Base (Private Sector)
Strong Client Base (Private Sector) Investor Presentation Previous 23 Next
Slide 25: Stock Data
Stock Data BSE: 531637 | ISIN: INE722B01019 As on 11-02-2025 Share Holding Pattern As on 31-12-2024 Share Price (₹) 650.55 5.28% Promoter & 10.41% Promoter Group Market Capitalization (₹ Cr) 1,680.09 NII 45.97% No. of Shares Outstanding 2,58,25,637 FII 38.33% Face Value (₹) 10 DII 52-week High-Low (
Slide 26: Business Overview
Business Overview
Slide 27: Business Verticals
Business Verticals Tourism & Hospitality Exhibitions & Events Investor Presentation Previous 26 Next
Slide 28: Work Order for Luxurious Tent Resorts in Lakshadweep's Islands
Work Order for Luxurious Tent Resorts in Lakshadweep's Islands • Creation of 200 luxury tents on Thinnakara Island and 150 on Bangaram Island. • Offering high-end amenities such as Scuba Diving, Destination Weddings, Corporate Events, Private Gatherings, a Health and Wellness Centre, Children’s Play
Slide 29: Ongoing Construction of Luxury Resorts at Thinnakara Islands
Ongoing Construction of Luxury Resorts at Thinnakara Islands Thinnakara Investor Presentation Previous 28 Next
Slide 30: Tent City Narmada, Gujarat
Tent City Narmada, Gujarat Tent City Narmada near Statue of Unity, Ekta Nagar (Kevadia) is operated and managed by Praveg successfully since 2018 in association with Gujarat Tourism. The facility offers an assorted Best Eco Resort-Runner Up in Gujarat Travel & Tourism Excellence Awards in 2021 range
Slide 31: White Rann Resort, Gujarat
White Rann Resort, Gujarat White Rann Resort is the luxurious tent and bhunga operations at Dhordo, Kutch in association with Gujarat Tourism for an internationally-acclaimed Rann Utsav Festival. The facility, spanning over 40,000 Sqm, houses luxurious swiss tents and bhungas and offers exquisite ho
Slide 32: Dholavira Resort, Gujarat
Dholavira, Resort, Gujarat Praveg Resort Dholavira consists of 30 'A'-frame cottages and high-end facilities. A beautiful collection of triangle cottages, rising 20ft from the ground, with appealing interiors and glass wall that opens to the wide open sky to offer a chance to indulge in star- gazing
Slide 33: Grand Eulogia, Ahmedabad
Grand Eulogia, Ahmedabad Ahmedabad's only 5-star hotel offers unparalleled luxury. With a 20th-floor pool, a ₹ 1 Cr. Chauri concept, the city's largest Honeymoon suite, and a 60 ft stage, it's the ideal venue for any event. Bose sound, a 32 ft LED screen, full-day banquets, and the city's largest fa
Slide 34: Tent City Ayodhya, Brahmakund, Uttar Pradesh
Tent City Ayodhya, Brahmakund, Uttar Pradesh Within walking distance from the Ram Lalla Temple in Ayodhya, Tent City Ayodhya stands as an upscale resort beautifully reflecting the divinity of Lord Rama and Ayodhya, a revered birthplace of the Lord, through its engrossing theme and ambience. 2023 Sin
Slide 35: Tent City Ayodhya, Saryu, Uttar Pradesh
Tent City Ayodhya, Saryu, Uttar Pradesh Praveg Tent City, Saryu, in Ayodhya, an eco-responsible luxury resort offering an immersive experience near the tranquil Saryu River. Blending comfort with nature, this retreat invites guests to explore the spiritual and cultural heritage of the region. 2023 S
Slide 36: Safari Resort, Velavadar, Gujarat
Safari Resort, Velavadar, Gujarat Praveg Safari Velavadar Resort on the backdrop of Velavadar's stunning natural beauty provides 12 luxurious cottages surrounded by the beauty of the Blackbuck National Park. The Resort offers facilities including a gourmet restaurant, a man-made pond, and an infinit
Slide 37: Beach Resort, Light House, Daman
Beach Resort, Light House, Daman Praveg Beach Resort, a seaside resort with panoramic sea views at the Lighthouse Beach and Jampore Beach in Daman. Praveg Beach Resort – Lighthouse Beach offers 33 independent luxury cottages with rich interiors, top-notch amenities and breathtaking panoramic sea-vie
Slide 38: Beach Resort, Jampore, Daman
Beach Resort, Jampore, Daman Praveg Beach Resort, an eco resort on the Jampore Beach is an ensemble of 28 luxurious Cottages with refreshing interior to offer complete serenity to those looking to escape into nature and 7 Machans Cottages that rise 8 feet above the ground overlooking the sea. 2023 S
Slide 39: Beach Resort, Nagoa Beach, Diu
Beach Resort, Nagoa Beach, Diu Praveg Beach Resort, Nagoa, offers a luxurious beachfront escape on Diu’s pristine Nagoa Beach. With 31 premium tents and 4 dual- bedroom suites featuring sunset views, the resort boasts upscale amenities, including a swimming pool, event lawns, conference facilities,
Slide 40: Beach Resort, Chakratirth, Diu
Beach Resort, Chakratirth, Diu Praveg Beach Resort on the Chakratirth Beach, Diu is a collection of 24 independent cottages and 6 machans with the panoramic views of Arabian Sea. The Resort offers seaside view with top-notch amenities and unmatched hospitality 2023 Since Spread Across Cottages Guest
Slide 41: Beach Resort, Ghoghla, Diu
Beach Resort, Ghoghla, Diu Praveg Beach Resort consists of uniquely-designed wooden hobbit- inspired cabins lined with the serene Ghoghla Beach with mesmerizing sea- views and plush facilities. 2023 Since Spread Across Cottages No. Of Guest serve Average Price November 9,300 Sqm 35 18,700+ ₹ 10,297
Slide 42: Hospitality Projects Road Map
Hospitality Projects Road Map CURRENT PROJECTS UPCOMING RESORTS Sr. Resort No. of rooms No. 1 Udaipur, Rajashthan 35 2 Ranthambhore, Rajasthan 30 3 Jawai, Rajasthan 22 4 Adalaj, Gandhinagar, Gujarat 10 5 Kihim, Maharashtra 40 6 Kashid, Maharashtra 40 7 Agatti Island, Lakshadweep 50 8 Thinakara-I, La
Slide 43: Exhibitions & Events
Exhibitions & Events EXHIBITIONS & EVENTS Praveg's core competence is in Exhibition and Event Management. Exhibitions are regularly organized by Praveg, nationally and internationally, and the portfolio includes projects in the USA, China, South Korea, Africa, Europe and in the Middle East. Praveg h
Slide 44: Achievements In Exhibitions & Events
Achievements In Exhibitions & Events Pavilion for Gujarat Tourism Pavilion of Gujarat Maritime Pavilion on Life of Swami Second Best Innovative Stall in Board Vivekananda VGGTS 2017 Adjudged The Best Stall of VGGTS Adjudged The Second Best Stall of 2013 VGGTS 2013 Finds a mention in the Limca Book o
Slide 45: Abhik Advertising Private Limited @ Glance
Abhik Advertising Private Limited @ Glance Established in 2008 under the visionary leadership of Mr. Mukesh Patel, an advertising stalwart with over two decades of experience in the industry, Abhik Advertising Private Limited has grown into a formidable player in the advertising and marketing space.
Slide 46: Abhik Advertising Private Limited Performance
Abhik Advertising Private Limited Q2 FY25 Performance In ₹ Lacs Particulars Q3 FY25 Q2 FY25 Q1 FY25 Net Sales 889.95 681.69 272.14 Other Income 1.03 0.82 0.52 Total Income 890.98 682.51 272.66 Expenses Event & Site Expenses 400.39 392.76 204.79 Employee Benefit Expenses 70.19 62.34 60.09 Other Expen
Slide 47: Bidhan Advertising & Marketing Private Limited @ Glance
Bidhan Advertising & Marketing Private Limited @ Glance Bidhan Advertising and Marketing Private Limited, with its inception dating back over 50 years, has been a pioneer in the advertising landscape. The company has played a pivotal role in establishing iconic brands and continues to uphold its leg
Slide 48: Bidhan Advertising & Marketing Private Limited Performance
Bidhan Advertising & Marketing Private Limited Q2 FY25 Performance In ₹ Lacs Particulars Q3 FY25 Q2 FY25 Q1 FY25 Net Sales 240.61 92.86 22.02 Other Income 0.88 2.03 0.00 Total Income 241.49 94.89 22.02 Expenses Event & Site Expenses 123.21 38.07 33.21 Employee Benefit Expenses 8.54 6.45 5.67 Other E
Slide 49: Combined Capabilities & Services
Combined Capabilities & Services Key Offerings Smart Toilets with Advertising Rights Adani Airports Partnership • Sole rights for 120 smart toilets in Ahmedabad under the PPP model, with • Authorized to procure business for Adani Airports from the Gujarat 40 installations already completed. governme
Slide 50: Business Vertical Wise Revenue Breakups
Business Vertical Wise Revenue Breakups In ₹ Cr FY22 FY23 FY24 21.13 16.29 37.44 47.03 24.80 70.47 Tourism & Hospitality Exhibitions & Events Tourism & Hospitality Exhibitions & Events Tourism & Hospitality Exhibitions & Events Increasing Revenue from Tourism & Hospitality Segment is improving Profi
Slide 51: Business Insights
Business Insights In Nos In Nos Number Of Rooms Sold Number Of Meals Served 62,592 2,10,662 1,83,065 1,31,904 33,590 26,476 25,628 6,007 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Continues growth in Hospitality Segment except in FY21 due to COVID-19 Investor Presentation Previous 50 Next
Slide 52: Growing Strength To Strength: Vision 2028
Growing Strength To Strength Vision 2028 Rooms 2,500 + Resort Locations 65 + Upcoming Hospitality Projects Number Of Rooms Under Construction Existing Rooms Projects 710+ 9 Under Planning Anticipated Projects Room Addition 5 1500+ Investor Presentation Previous 51 Next
Slide 53: Industry Overview
Industry Overview
Slide 54: Industry Trends
Industry Trends F0CUSED SECT0RS ➢ HOSPITALITY & TOURISM ➢ EVENTS & EXHIBITIONS HOSPITALITY & TOURISM ➢ 7.5% HOSPITALITY INDUSTRY DOMESTIC Current GDP Contribution IN INDIA (MARKET SIZE) TOURIST ARRIVALS (DAs) INDUSTRY TRENDS CAGR 4.73% ➢ 2021-22 - 610.22 million ➢ 2023 - USD 23.50 B ➢ 2022-23 - 677.
Slide 55: New Travel Trends
New Travel Trends Increase in all Travel Willingness to pay a India Fastest Growing Lesser number of Segment & green premium Increasing focus on Economy In the World trips shoots in for new / unique sustainability but longer stays International Travel experiences Emergence of No compromise on Demand
Slide 56: Industry Growth Drivers
Industry Growth Drivers 2 4 Capacity addition grew With economic recovery 1 at a CAGR of 10% over 3 and growth, the demand Expected addition of FY06- 16; outpacing The expected growth of 5 for hotel rooms went up 80-100 new airports by demand national highways, from 25,000 rooms/day Revenge tourism,
Slide 57: Financial Overview
Financial Overview
Slide 58: Consolidated Key Financial Highlights
Consolidated Key Financial Highlights In ₹ Cr In ₹ Cr Total Income Profitability EBITDA PAT 94.55 84.86 45.30 32.14 28.42 45.29 19.75 12.24 12.95 FY22 FY23 FY24 FY22 FY23 FY24 Operating Cash Flow In ₹ Cr Net Worth In ₹ Cr 25.27 287.84 17.04 112.46 6.61 27.60 FY22 FY23 FY24 FY22 FY23 FY24 Investor Pr
Slide 59: Consolidated Key Ratios
Consolidated Key Ratios In ₹ In ₹ Earning Per Share Book Value 14.78 117.33 6.62 53.75 5.78 14.93 FY22 FY23 FY24 FY22 FY23 FY24 In % In % Margins Return Ratios EBITDA Net Profit ROE ROCE 53.38 55.21 43.61 33.51 34.00 34.56 27.03 44.35 13.75 25.28 6.18 4.52 FY22 FY23 FY24 FY22 FY23 FY24 Investor Pres
Slide 60: Consolidated Key Ratios
Consolidated Key Ratios In Times In Times Debt To Equity Ratio Interest Coverage Ratio 56.80 0.12 34.14 8.98 0.00 0.00 FY22 FY23 FY24 FY22 FY23 FY24 In Times In Times Current Ratio Dividend Pay Out Ratio 12.43 60.42 30.74 4.94 2.57 0.17 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation Previous 59
Slide 61: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY22 FY23 FY24 Revenues 45.25 84.48 91.60 Other Income 0.04 0.38 2.96 Total Income 45.29 84.86 94.55 Event & Site Expenses 17.75 28.98 38.15 Employee costs 4.77 6.64 16.00 Other expenses 3.02 3.94 8.26 Total Expenditure 25.54 39.56 62.41 EBITD
Slide 62: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equities & Liabilities FY22 FY23 FY24 Assets FY22 FY23 FY24 Equity 18.48 20.92 24.53 Non Current Assets Reserves 9.12 91.54 263.30 Fixed assets 10.34 42.14 205.55 Non Controlling Interests 0.00 0.00 0.00 Non Current Investments 0.09 0.10 0.10 Net Worth 27.60 112.46
Slide 63: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement In ₹ Cr Particulars FY22 FY23 FY24 Revenues 44.99 84.38 91.42 Other Income 0.04 0.38 2.96 Total Income 45.03 84.76 94.37 Event & Site Expenses 17.64 28.95 38.00 Employee costs 4.77 6.64 16.00 Other expenses 2.88 3.92 8.33 Total Expenditure 25.29 39.51 62.34 EBITDA
Slide 64: Standalone Balance Sheet
Standalone Balance Sheet In ₹ Cr Equities & Liabilities FY22 FY23 FY24 Assets FY22 FY23 FY24 Equity 18.48 20.92 24.53 Non Current Assets Reserves 9.20 91.57 263.22 Fixed Assets 10.60 41.47 196.23 Net Worth 27.69 112.49 287.76 Non-current Investments 0.21 0.22 0.11 Non Current Liabilities Deferred Ta
Slide 65: Investment Rationale
Investment Rationale 1 Financial Performance 6 Competitive Advantages • Total Revenue grew from ₹45.29 Cr to ₹94.55 Cr, with a CAGR of • Low-cost, high-return hospitality models with non-permanent structures. 44.49%. • Strong partnerships with state tourism and a wide agent network across India.In-
Slide 66: Thank You
THANK YOU Westport, 18th Floor, Sindhu Bhavan Road, Nr Taj Skyline, Off SP Ring Road, Ahmedabad, Gujarat – 380 058 Email: info@praveg.com Phone: +91-79-27496737, 27494266 Website: dizcoverpraveg.com/ 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604. Email: info@kirinadvisors.com Phone: 0