B.l. Kashyap & Sons Ltd. · NSE:BLKASHYAP
B.l. Kashyap & Sons — Q3 FY2024 Earnings Presentation
36 slides from B.l. Kashyap & Sons's earnings presentation, May 2024
Slide 1: Investors Presentation
A Symphony of Excellence Investors Presentation January 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by B L Kashyap Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contr
Slide 3: Company Overview
Company Overview B L Kashyap & Sons Ltd. (BLK) is one of the leading Engineering, Procurement and Construction (EPC) Company, engaged in the business of Civil Construction and Infrastructure with a Pan India Presence 3
Slide 4: Some insights
Some insights Workforce Projects • Strong workforce • More than three decades of rich expertise – 1200+ engineers & professionals. • Completed 250 + projects and more than • Low Attrition in Senior Team 140 million sq. ft. Design Build Projects Diverse Portfolio • IT Campuses • Commercial Spaces • N
Slide 5: The journey so far…
The journey so far… ➢ BLK entered the Capital Market ➢ Flipkart Campus at Embassy Tech Village ➢ 3 Million sq. ft. of Composite Steel Structure • IFFCO Sadan Saket, Delhi 2006 2017 in one calendar year (1st turnkey office building) ➢ One of the largest composite steel structures in the country ➢ BLK
Slide 6: Company Transformation
Company Transformation Company coming out of CDR – Moving towards Zero De-risking business model – Residential to Commercial & Government Debt • Company has been awarded total orders during financial year 2022-23 to the tune of Rs. 818.9 Cr • In the light of global meltdown during 2010 -13 • The ord
Slide 7: Key Strengths
Key Strengths Track record of executing 250+ projects pan India and Execution developed approx. 140 million sq. ft. area and currently Track Record executing 21 million sq. ft. Promoter Vast experience in field of construction which indicates experience strong ability to maintain business viability
Slide 8: Some prestigious projects
Some prestigious projects DLF - Downtown ITC – Corporate Housing AIIMS - Raipur Oberoi Gurgaon Daimler Mercedes Plant NHSRCL – Sabarmati Station Hines One Horizon Flipkart Fortis - Mohali Hero plant - Neemrana Jaipur metro Delhi Airport: Terminal 1D Bharti Worldmark 1 2 & 3 Oberoi Wildflower Shimla
Slide 9: Recent landmark projects
Recent landmark projects # Project Location 1. NHSRCL Sabarmati High Speed Terminal Ahmedabad, Gujarat 2. DLF Downtown Gurgaon 3. Embassy REIT Manyata Tech Park Bangalore 4. Chennai Metro CMRL Chennai 5. Four Season’s Hotel Bangalore 6. DLF STT Data Center Noida 7. AIIMS Raipur & Patna Successful wi
Slide 10: A quick peek into the finances
A quick peek into the finances 10
Slide 11: Some Ongoing Projects
Some Ongoing Projects Order Value in Rs. (Cr.) Embassy REIT Tech Village - Parcel 8 368.9 Gom` Nagar Lucknow Railway sta`on 321.4 DLF Downtown: Block 4 263.9 Embassy Garuda Grand Central 216.1 Embassy Spring Apartments- Phase I 138.7 Embassy REIT Zenith, Bangalore 130.3 DNR Al`tude 127.4 Petronet LN
Slide 12: New Projects - Recent Order Wins
New Projects - Recent Order Wins Order value (In Cr.) Delhi International Airport Limited 167.00 DLF Home Developers 369.00 Nzuri Pune Knowledge Park 147.00 Indian School of Business, Hyderabad 132.00 Embassy Constructions - Embassy Business Hub Phase 2 at Bangalore 238.00 National High Speed Rail C
Slide 13: Q3 Financial Year 22-23: Financial Snapshot (consolidated)
Q3 Financial Year 22-23: Financial Snapshot (consolidated) Revenue EBITDA EBITDA Margin PAT 254.61 22.01 8.70% 36.60* Earnings Per Order Book PAT % Debt Equity Share (EPS) (Dec-22) 14.48% 1.30 1.62 2089 All figures are in Rs. Cr. | *This includes add back of Rs 30 cr. Deferred Tax 13
Slide 14: Q3 Financial Year 22-23: Segment, Sector and Region (consolidated)
Q3 Financial Year 22-23: Segment, Sector and Region (consolidated) Amount in Cr. Segment wise Order Book 1,800 1,593.78 (76 %) 1,600 1,400 1,200 1,000 State wise distribution 800 600 1,400 1,262.47(60.41 %) 400 317.43 (16 %) 200 178.58 (8 %) 1,200 0 Commercial Infrastructure Residential 1,000 /Indus
Slide 15: Q4 Financial Year 22-23: Financial Summary (consolidated)
Q4 Financial Year 22-23: Financial Summary (consolidated) Revenue EBITDA EBITDA Margin PAT 287.18 23.17 8.40% -31.93 Earnings Per Order Book PAT % Debt Equity Share (EPS) (March-23) -11.57% 0.72 -1.42 2402.00 All figures are in Rs. Cr. 15
Slide 16: Q4 Financial Year 22-23: Segment, Sector, Region (consolidated)
Q4 Financial Year 22 - 23: Segment, Sector, Region (consolidated) Amount in Cr. Segment wise Order Book 1,600.00 1,489.24(62 %) 1,400.00 1,200.00 1,000.00 800.00 720.60 (30 %) State wise distribution 600.00 1400 400.00 1249 (51.99 %) 192.16 (8 %) 1200 200.00 0.00 Commercial Infrastructure Residentia
Slide 17: Q1 Financial Year 23-24: Financial Snapshot (consolidated)
Q1 Financial Year 23-24: Financial Snapshot (consolidated) Revenue EBITDA EBITDA Margin PAT 255.43 24.55 9.72% 9.95 Earnings Per Order Book PAT % Debt Equity Share (EPS) (June-23) 4.00% 0.08 0.45 3070.00 All figures are in Rs. Cr. 17
Slide 18: Q1 Financial Year 23-24: Sector and Segment (consolidated)
Q1 Financial Year 23 - 24: Sector and Segment (consolidated) Amount (In Cr) (54.73 %) 1800 1680.67 1600 1400 1200 1000 800 (18.71 %) 574.51 (15.76 %) 600 483.84 400 (3.91 %) (4.28 %) (2.6 %) 200 119.99 131.57 79.98 0 0 0 Govt Pvt. Govt. Pvt. Govt. Pvt. Govt Pvt. Commercial Commercial Institutional I
Slide 19: Q1 Financial Year 23-24: State wise (consolidated)
Q1 Financial Year 23 - 24: State wise (consolidated) Amount in Cr. (44.90 %) 1,378.83 1,400 State Order in Cr. % 1,200 393.3 12.81 Delhi 1,000 (19.16 %) 141.55 4.61 Gujarat 800 588.35 (12.81 %) Haryana 588.35 19.16 600 393.3 (8.24 %) (4.61 %) Karnataka 1378.83 44.90 400 253.06 (4.28 %) (4.05 %) 141.
Slide 20: Q2 Financial Year 23-24: Financial Snapshot (consolidated)
Q2 Financial Year 23-24: Financial Snapshot (consolidated) Revenue EBITDA EBITDA Margin PAT 327.65 29.05 8.89% 11.99 Earnings Per Order Book PAT % Debt Equity Share (EPS) (Sept-23) 3.67% 0.80 0.53 3005 All figures are in Rs. Cr. 20
Slide 21: Q2 Financial Year 23-24: Sector and Segment (consolidated)
Q2 Financial Year 23 - 24: Sector and Segment (consolidated) 4000 Amount in cr. 3005 3000 2313.9 2000 1000 691.2 23% 77% 100% 0 Government Private Grand Todal Amount Summery (in Cr) % Disrnbunon Amount Summary Sector Summary % Distribution (in Cr.) Government 691.15 23% Private 2313.85 77% Grand Tot
Slide 22: Q2 Financial Year 23-24: Sector and Segment (consolidated)
Q2 Financial Year 23 - 24: Sector and Segment (consolidated) 1800 1695 Amount in cr. 1350 900 574 484 450 252 56.41% 16.11% 19.10% 8.39% 0 Commercial Residennal Infrastructure/Insutrial Insntunonal Order Value % distribunon SEGMENTS ORDER VALUE % DISTRIBUTION COMMERCIAL 1,695.00 56.41% RESIDENTIAL 4
Slide 23: Q2 Financial Year 23-24: Statewise (consolidated)
Q2 Financial Year 23 - 24: Statewise (consolidated) REGION AMOUNT % 1200 1064.05 Amount in cr. 35.41% KARNATAKA 1,064.05 900 19.58% 588.35 HARYANA 588.35 600 560.13 18.64% 255.45 DELHI 560.13 300 204.36 141.55 131.57 59.53 8.50% 0 35.41% 19.58% 18.64% 8.50% 6.80% 4.71% 4.38% 1.98% UTTARPRADESH 255.4
Slide 24: Q3 Financial Year 23-24: Financial Snapshot (consolidated)
Q3 Financial Year 23-24: Financial Snapshot (consolidated) Revenue EBITDA EBITDA Margin PAT 322.99 23.30 7.29% 8.87 Earnings Per Order Book PAT % Debt Equity Share (EPS) (Dec-23) 2.75% 0.80 0.53 3276 All figures are in Rs. Cr. 24
Slide 25: Orders Awarded during Q3 FY 2023-24
Orders Awarded during Q3 FY 2023-24 Order value (In Cr.) D1 &D2 at Manyata - SEZ Location: Bangalore 208.34 Sattva Texonic Location: Bangalore 190.95 Total: 399.29 Cr 25
Slide 26: Q3 Financial Year 23-24: Sector and Segment (consolidated)
Q3 Financial Year 23 - 24: Sector and Segment (consolidated) 4000 Amount in cr. 3276 3000 2501 2000 1000 774 24% 76% 100% 0 Government Private Grand Todal Amount Summery (in Cr) % Disrnbunon Amount Summary Sector Summary % Distribution (in Cr.) Government 774 24% Private 2501 77% Grand Total 3276 10
Slide 27: Q3 Financial Year 23-24: Sector and Segment (consolidated)
Q3 Financial Year 23 - 24: Sector and Segment (consolidated) 1800 1695 Amount in cr. 1350 900 574 484 450 252 56.41% 16.11% 19.10% 8.39% 0 Commercial Residennal Infrastructure/Insutrial Insntunonal Order Value % distribunon SEGMENTS ORDER VALUE % DISTRIBUTION COMMERCIAL 1,695.00 56.41% RESIDENTIAL 4
Slide 28: Q3 Financial Year 23-24: Statewise (consolidated)
Q3 Financial Year 23 - 24: Statewise (consolidated) 1600 1408.68 Amount in cr. REGION AMOUNT % 1200 KARNATAKA 1408.68 43% 800 753.48 HARYANA 589.68 18% 589.68 524.16 DELHI 524.16 16% 400 OTHERS 753.48 23% 43.00% 18.00% 16.00% 23.00% 0 Grand Total 3276.00 100% Karnataka Haryana Delhi Others Amount %
Slide 29: Financial Summary
+ BL HASHYAE FINANCIAL SUMMARY
Slide 30: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights Rs. Cr Mar-20 Mar-21 Mar-22 Sep-22 Mar-23 Sep-23 Dec-23 Shareholder’s Funds 458.31 379.29 422.96 440.3 444.69 466.40 473.18 Share capital 22.54 22.54 22.54 22.54 22.54 22.54 22.54 Reserves & Surplus 435.76 356.74 400.42 417.76 422.15 443.86 450.64 Non-current li
Slide 31: Consolidated Financial Highlights
Consolidated Financial Highlights Rs. Cr FY20 FY21 FY22 FY23 Q1 FY24 Q2FY24 Q3FY24 Revenue from operations 819.68 762.26 1157.51 1109.98 252.74 326.62 324.00 Raw Materials (Costs of Good 546.23 507.76 796.6 756.13 170.12 218.52 224.34 Sold) Employee Cost 169.42 128.41 183.2 189.49 43.05 53.03 58.36
Slide 32: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights Rs. Cr Mar-20 Mar-21 Mar-22 Sep-22 Mar-23 Sep-23 Dec-23 Non-current assets 736.41 498.75 499.2 487.02 333.46 381.01 403.14 Fixed assets 70.02 67.79 61.81 65.4 73.00 80.47 86.37 Capital Work in Progress 94.73 15 0 0 - - 1.36 Other Intangible Assets 0.2 0.1 0.1 0.
Slide 33: Financial Highlights
Financial Highlights Total Income (in Cr) 1200 1157.51 1109.98 900 819.68 762.26 600 325.72 322.99 300 252.74 0 FY20 FY21 FY22 FY23 Q1 FY24 Q2 FY24 Q3 FY24 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 97.82 52.5 43.95 100 90.36 35 22.14 75 17.5 9.96 12 8.87 62.88 3.8 2 3.9 3.7 2.8 0 50 -17
Slide 34: Key Financial Ratios
Key Financial Ratios ROA (%) ROA% RoCE (%) ROCE% 4 20 3 18 2 2 15 0 12 10 11 -2 -3 5 -4 -4 3 0 -6 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 RoE (%) ROE% 14 10 7 5 0 -7 -14-14 -15 -21 FY20 FY21 FY22 FY23 34
Slide 35: Key Clients
Key Clients soe EMBASSY ——seonsnnseeesnanopomorit x tiwires . ** Ministry of Health & Family Welfare sg Ls Government of India =\ J. o. EL C= V Honeywell 2x0: Nestle 1 B Yo NY SBiocon te HCC ITC Limited % " . ps ti bha rt @ cCARRARO Hines MP PHOENIX ~-aerOOr Ai tel | (A Bharti Enterprise) DAIMLER €
Slide 36: Lets build together
Lets build together www.blkashyap.com 36