Sanghvi Movers Limited · NSE:SANGHVIMOV
Sanghvi Movers — FY2024 Earnings Presentation
25 slides from Sanghvi Movers's earnings presentation, May 16, 2024
Slide 1: Exchange filing cover letter
SANGHVI MOVERS LIMITED Regd. Office : Survey No. 92, Tathawade, Taluka - Mulshi , Pune, Maharashtra - 4 11 033 , INDIA Tel. : 020-66744700 , 020-27400700 E-mail : sanghvi@sanghvicranes.com Web. : www.sanghvicranes.com SANGHVI CIN No. : L29150PN1989PLC054143 REF: SML/SEC/SE/24-25/11 Date: 16 May 2024
Slide 2: Investors Presentation FY 2023-24
IMI INVESTORS PRESENTATION FY 2023-24 1
Slide 3: Financial Performance For FY 2023-24
Financial Performance For FY 2023-24 SANGHVI Total Turnover Profit after Tax Average CU Avg. Blended Yield ₹ 647 Crores ₹ 188 Crores 84% 2.20% Per Month 2
Slide 4: Capex For FY 2023-24
Capex For FY 2023-24 SANGHVI The Company has completed Capex of Rs. 334 Crores during FY 2023-24. The details of Cranes and Other Assets purchased in FY 2023-24 are as under: Cranes Purchased till date : Crane Model/ OEM 110 Ton 150 Ton 160 Ton 750 Ton 1600 Ton Total Sany (Brand New) 10 0 14 8 1 33
Slide 5: Financial Performance for FY 2023-24
Financial Performance for FY 2023-24 SANGHVI Net Debt to Net Worth Net Debt Equity ₹ 287 Crores Ratio ₹ 1012 Crores 0.28:1 Avg. Borrowing Cost ₹ 9.17% p.a 4
Slide 6: Sector-wise Revenue for FY 2023-24
Sector-wise Revenue for FY 2023-24 SANGHVI 60.00% FY 2024 FY 2023 49% 50.00% 44% 40.00% 30.00% 20.00% 16% 12% 10% 11% 9% 9% 10% 10.00% 8% 8% 8% 3% 1% 1% 1% 0.00% Wind Mill Power Refinery & Gas Steel & Metal Cement Wind EPC Project EPC Other Sectors
Slide 7: Order-book Position
Order-book Position SANGHVI Particulars Rs. In Crores Order Book as on 14th April 2024 to be executed during the period of 1 April 2024 426.00 To 31st March 2025 Order Book as on 4th May 2023 to be executed during the period of 1 April 2023 To 299.00 31st March 2024 6
Slide 8: Financial Performance
Financial Performance SANGHVI Amount in Crores Sr. Particulars FY 2023-24 Q4FY24 Q3FY24 Q2FY24 Q1FY24 FY 2022-23 a) Income from Operations 618.53 165.45 167.03 139.98 146.07 455.79 b) Other Income 28.17 11.43 5.97 4.74 6.03 29.76 c) Total Income (a) + (b) 646.70 176.88 173.00 144.72 152.10 485.55 d)
Slide 9: Financial Performance
Financial Performance SANGHVI Revenue From EPC Business for the Year Ended 31st March, 2024 Sr. Particulars Revenue 1 Income for Wind EPC Business 20.04 2 Income for Project EPC Business 5.43 Total 25.47 Details of Other Income for the Year Ended 31st March, 2024 Sr. Particulars Rs. in Crores 1 Prof
Slide 10: Summarized Profitability Statement
Summarized Profitability Statement SANGHVI Amount In Crores 700 647 Amount in Crores 600 500 486 409 400 372 326 300 287 253 238 197 199 200 166 160 175 137 116 100 - FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 ■ Total Income 326 253 372 486 647 ■ Total Expenditure 166 137 197 199 238 ■ P
Slide 11: Year on Year Total Income, Net Profit & Cash Profit
' ® Year on Year Total Income , Net Profit & SANGHVI Cash Profit Amount In Crores 700 647 600 Amount in Crores 500 486 400 372 326 320 300 253 233 188 200 134 148 100 112 100 - (100) - (7) - - (22) - 29 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 ■ Total Income 326 253 372 486 647 ■ Net P
Slide 12: Year on Year PBIDT in %
Year on Year PBIDT in % SANGHVI 70% 63% 59% 60% 49% 50% 46% 47% 40% 30% 20% 10% 0% FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 11
Slide 13: Year on Year Average Capacity Utilisation of Crane Fleet
Year on Year Average Capacity SANGHVI Utilisation of Crane Fleet 90% 84% 82% 80% 76% 72% 70% 60% 56% 50% 40% 30% 20% 10% 0% FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 ■ Average Capacity Utilisation 12
Slide 14: Year on Year Average Blended Yield
Year on Year Average Blended Yield SANGHVI 2.50% 2.20% 1.97% 2.00% 1.70% 1.71% 1.50% 1.50% 1.00% 0.50% 0.00% FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 13
Slide 15: Year wise Capex by the Company
Year wise Capex by the Company 400 Amount In Crores 350 334 300 250 200 162 150 111 100 50 2 1 0 FY20 FY21 FY22 FY23 FY24 14
Slide 16: Year wise position of Total Borrowings
Year wise position of Total Borrowings SANGHVI 350 313 Amount In Crores 300 287 250 197 200 167 161 150 100 50 - 31.03.2020 31.03.2021 31.03.2022 31.03.2023 31.03.2024 15
Slide 17: Year wise Debt : Equity Ratio
Year wise Debt : Equity Ratio SANGHVI 0.50 0.45 0.43 0.40 0.35 0.30 0.28 0.28 0.25 0.23 0.20 0.19 0.15 0.10 0.05 - 31.03.2020 31.03.2021 31.03.2022 31.03.2023 31.03.2024 16
Slide 18: Year wise Debt Repayment Made During Last 5 Years
YEAR WISE DEBT REPAYMENT MADE BY THE COMPANY DURING LAST 5 YEARS SANGHVI 160 Amount In Crores Amount in Crores 141 140 133 122 120 109 100 80 62 60 40 20 - FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 17
Slide 19: Year wise Interest Payment Made During Last 5 Years
YEAR WISE INTEREST PAYMENT MADE BY THE COMPANY DURING LAST 5 YEARS SANGHVI 45 41 Amount In Crores 40 35 30 26 25 25 20 17 17 15 10 5 - FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 18
Slide 20: Year wise Interest Coverage Ratio During Last 5 Years
YEAR WISE INTEREST COVERAGE RATIO DURING LAST 5 YEARS SANGHVI 20.00 18.00 17.23 16.40 16.00 14.00 12.00 10.29 10.00 8.00 6.00 4.43 3.90 4.00 2.00 - FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 19
Slide 21: Gradual Improvement in Average Receivable Days
GRADUAL IMPROVEMENT IN AVERAGE RECEIVABLE DAYS SANGHVI 140 120 116 108 99 100 95 80 72 60 40 20 0 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 Receivable Days 20
Slide 22: Crane Fleet: Lifting Capacity (MT)
CRANE FLEET : LIFTING CAPACITY (MT) SANGHVI 82,000 81,288 81,006 81,000 80,000 79,000 78,000 77,000 76,516 76,434 76,000 75,024 75,000 74,000 73,000 72,000 71,000 FY 20 FY 21 FY 22 FY 23 FY 24 21
Slide 23: Crane Fleet: Capacity Wise | Count of Cranes
CRANE FLEET : CAPACITY WISE | COUNT OF CRANES SANGN-¥-1----------------~ 450 400 D389 D377 D387 D 394 346 244 246 256 350 238 246 300 250 200 150 145 139 141 138 100 100 50 0 FY 20 FY 21 FY 22 FY 23 FY 24 Less than 100 MT ■ More Than 100 MT • As on 31.03.2024, SML has Gross Block of Rs. 2490 Crores.
Slide 24: Age-Wise Debtors Analysis
Age-Wise Debtors Analysis SANGHVI Particulars Amount in Crores Debtors Less than 90 days 165.73 Debtors between 91 days to 180 days 10.05 Debtors between 181 days to 360 days 3.38 Debtors 361 days and above Nil Total sundry Debtors as on 31/03/2024 179.16 Average Receivable Days ( Net of GST amount
Slide 25: Disclaimer
Disclaimer SANGHVI This presentation contains certain forward looking statements concerning Sanghvi Movers Limited’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forwar