Marsons Limited · NSE:MARSONS
Marsons — Q3 FY25 Earnings Presentation
30 slides from Marsons's earnings presentation, Feb 1, 2025
Slide 1: Cover letter to BSE: Investor Presentation
Date: 01.02.2025 To, The Manager, The Listing Compliance Department BSE Limited, P. J. Towers, Dalal Street Mumbai – 400 001. Symbol: MARSONS Subject: Investor Presentation Dear Sir/Madam, Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ple
Slide 2: Marsons Limited Investor Presentation Q3 & 9M FY25
MARSONS LIMITED Investor Presentation Q3 & 9M'FY25 Marsons Limited www.marsonsonline.com www.marsonsonline.com
Slide 3: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Marsons 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,
Slide 4: Content
1 ABOUT US Who we are Our Products & Clientele Key Milestones Our Management 2 BUSINESS MODEL Our Business Verticals Content 3 GROWTH DRIVERS Market Opportunities Business Positioning Key Strengths 4 FINANCIAL PERFORMANCE Q2 FY’25 Financial Performance Income Statement 5 ANNEXURES Manufacturing Plan
Slide 5: About Us
ABOU T U S End to End Product Range Capacities Quality Manufacturer Currently, we manufacture Our plant in Kolkata is We are a multi product and We are among the first to Distribution & Power spread over an area of service organization set up Impulse Test ranging from 10 KVA to 35,000 sq.m. State of
Slide 6: Our Products
OUR PRODUCTS 1. 2. 3. 4. Distribution Transformers Power Transformers Furnace Transformers USS Transformers 5. 6. 7. 8. Dry Type Transformers Cast Resin Transformers Solar Transformers Instrumental Transformers
Slide 7: Our Key Clients
OUR KEY C LIENTS STATE ELECTRICITY OVERSEAS CORPORATE BOARD & POWER CUSTOMERS CUSTOMERS UTILITIES Rajasthan Castle Cement, UK ABB Limited West Bengal Yesu PLC, Ethopia Alstom T & D Assam Teklec, Dubai CESC Limited Madhya Pradesh Bowers Electricals Ltd., DPL Limited Andhra Pradesh UK North Eastern Ca
Slide 8: Key Milestones
KEY MILESTONES Largest manufacturer of transformers both in terms of The first SSI company to capacity and range across Founded in 1956 install in-house Impulse Eastern India including NER. The company shifted from Testing Laboratory and being a private limited to Autoclave and gain NABL public limi
Slide 9: Quality Standards
QUALITY STANDARDS ENERGY 1S LIFE O@NSERVE |
Slide 10: Business Model
BUSINESS MODEL Designing to Installation to After Sales Services
Slide 11: Our Business Verticals
OUR BUSINESS VERTICALS 1 2 3 EPC Government Direct End User Contracts Contracts Contracts Indirect Government Orders Tender Bidding Order Basis Requirement Payment Before Dispatch 40-45 Days Payment Cycle Payment Before Dispatch 0% - 20% Advance No Advance ~30% Advance Payment 50-60% Revenue Contrib
Slide 12: Growth Drivers
G ROWTH DRIVERS
Slide 13: Transformers Market Size In India
Transformers Market Size In India Transformer Market Size Trend in India (Rs.bn) 350 300 250 200 150 100 50 304 232 222 260 324 0 FY20 FY21 FY22 FY23 FY24 01 02 03 (FY24 - ~Rs.324bn) Total Transformers Industry Transformer Raw Break-up of FY24 Transformer Installed Capacity (In MVA) Material Cost Mi
Slide 14: Transformer Requirements To Almost Double On Grid Strengthening
Transformer Requirements To Almost Double On The Back Of Transmission Grid Strengthening No data to display No data to display 331,214 363,685 722,940 95,882 112,475 135,565 Incremental capacity additions every 5 years Transformer Opportunity Size from Grid level capacity addition (Rs.mn) Source: CE
Slide 15: Transformers Demand From Solar Power Installations
Transformers Demand From Solar Power Installations Capacity Additions (GW) 60 Our Primary focus in the renewable energy segment shall be towards 50 supply of special type transformers that are used in Solar and Wind Power Plants alongside EPC projects 40 with synergies to our manufacturing business.
Slide 16: Solar & Wind Energy And Railways Driving Demand
Solar & Wind Energy And Railways Driving Capex Demand Incrementally, 1,490 kms of metro projects are in the planning and Renewable Supply Technology approval stage, which will entail an investment of INR 3 trn over the The transmission system has been HVDC is the preferred technology to connect, dis
Slide 17: Booming Export Demand
Booming Export Demand Supply Price Hike In US Only ~20% demand can met be met by US domestic transformers 01 Constraints leading to price hike of ~60-70% on average basis since early 2020. 02 High Demand In the US High Lead Time In the NREL estimates that distribution transformer capacity may need t
Slide 18: India Is The Second Largest Exporter Of Transformers In The World
India Is The Second Largest Exporter Of Transformers In The World Investments Preferred Supplier The US will require an investment of USD 740 India is the second largest exporter of bn by FY35 to achieve 100% clean energy transformers in the world and is a network while even Europe plans to invest p
Slide 19: Opportunities In Data Centres
Opportu nities In Data Centres 01 Today's data centers typically 02 India's data center consume more than capacity is expected 30 times the power to double from 870 per square meter MW in FY22 to 1,800 used by an average MW by 2025, office building. presenting an INR 400 bn investment opportunity. D
Slide 20: Our Business Positioning
OU R BU SINESS POSITIONING Traction Medium Power & Transformers Distribution Secured first developmental order for Transformers traction transformers from Benaras Locomotive Works for Indian Railways, Our core business segment of medium marking entry into a high-potential power transformers are in l
Slide 21: Capacity Utilization
CAPACITY UTILIZATION CAPEX 1 Limited capex requirement to double the Current Capacity (MVA) Utilisation (%) 10000 capacities Additional constructed sheds with crane facilities and land bank available 8000 2 BACKWARD INTEGRATION MARSONS has significant backward 6000 integration capabilities facilitat
Slide 22: Expansion In United Kingdom (UK)
EXPANSION IN UNITED KINGDOM (UK) 01 Expansion into UK & EU Market Established a UK-based subsidiary to serve as a strategic hub across UK & Europe. 02 Rising Demand for Transformers in UK & EU region Driven by infrastructure upgrades in renewable energy, data centers, and large-scale projects, creat
Slide 23: Our Strengths
OU R STRENG TH S Certified Products Dynamic Leadership Our Transformers of various ratings, which Led by a robust, confident and pragmatic includes 50 MVA 132 kV class, have been team, differentiated by hardcore successfully type-tested at CPRI in Bhopal commitment for excellence. and Bangalore. Qua
Slide 24: Financial Performance Q3 & 9M FY25
FINANCIAL PERFORMANCE Q3 & 9M FY25
Slide 25: Robust Financial Performance
ROBUST FINANCIAL PERFORMANCE Total Income (In Lakhs) EBITDA (In Lakhs) PAT (In Lakhs) 5000 800 800 4000 600 600 3000 400 400 2000 200 200 1000 65.32 4031.90 4654.09 32.97 762.91 654.31 15.07 746.98 632.47 0 0 0 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 EBITDA % PAT % EPS (In Rs)
Slide 26: Income Statement
INCOME STATEMENT In Lakhs Particulars Quarter ended Nine months ended Previous Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24 FY24 Total Income 4654.09 4031.9 65.32 11709.89 281.79 662.22 Expenses 3999.78 3268.99 32.35 9751.81 211.43 528.76 EBITDA 654.31 762.91 32.97 1958.08 70.36 133.46 EBITDA Margins % 14.06%
Slide 27: Annexures
ANNEXURES
Slide 28: State Of The Art Infrastructure
MANUFACTURING FACILITIES State Of The Art Infrastructure
Slide 29: In-house Testing Lab and Impulse Facility
EHV TESTING DEPARTMENT In-house Testing Lab and Impulse Facility
Slide 30: Thank You!
MARSONS LIMITED info@marsonsonline.com www.marsonsonline.com Th ank You! Investor Relations Twenty E ig h th Consulting Ms. Palak Agarwal palak@twentyeighthconsulting.com