Vishnu Prakash R Punglia Ltd. · NSE:VPRPL
Vishnu Prakash R Punglia — Investor Presentation (May 2024)
38 slides from Vishnu Prakash R Punglia's investor presentation, May 2024
Slide 1: Investor Presentation
VISHNU PRAKASH R PUNGLIA LIMITED Engineering, Procurement & Construction INVESTOR PRESENTATION May 2024
Slide 2: Snapshot
Snapshot 3+ decades of experience in Experts in Water Supply Integrated Business Model Presence in 10 States and 1 Infrastructure EPC Projects with in-house capabilities Union Territory INR 4,717 Cr Fleet of ~500 construction Marquee Key Beneficiary of Jal Jeevan Orderbook equipment client base Miss
Slide 3: Company Overview
Company Overview Consolidated Revenue (INR Mn) & EBITDA • Established in the year 1986, Vishnu Prakash R Pungalia Limited (VPRPL) is an ISO 9001:2015 certified Margin (%) integrated engineering, procurement and construction (“EPC”) company with experience in design and 14.24% 13.39% construction of
Slide 4: Leadership Team
Leadership Team Vishnu Prakash Punglia Manohar Lal Punglia Sanjay Punglia Ajay Pungalia Kamal Kishor Pungalia Chairman Managing Director Whole Time Director & CEO Whole Time Director Whole Time Director He is the founding member of He is the face of the He holds a degree in M.Tech He is actively inv
Slide 5: Independent Directors
Independent Directors Krishna Murari Lal Uttam Chand Singhvi Surendra Sharma Ratan Lahoti Shripal Bhansali Nilima Bhansali Mathur B Bachelor in Civil B.Com (Gold medalist), B.E.(Agriculture), M.A.(Econ), MBA Master of Computer Commerce Graduate Engineering Chartered Accountant M.Com.(Business Admin)
Slide 6: Key Management
Key Management Sarfaraz Ahmed Vikas Birla Ram Kishan Bhartiya Vijay Punglia Anil Punglia Krishna C. Chandak FCA, CS B.E. (Civil), MBA B.E. (Mech) Regional Head Regional Head Bachelor in Commerce Chief Financial Officer Project Head - Uttar Project Head - Kota Division MP, Gujarat, Daman, Rajasthan-W
Slide 7: Our Journey
Our Journey • Received a major work order from the UP Government worth Rs 237 Crs under the ‘State • Received the Water & Sanitation then-highest- Received the then- Mission, Namami value railway highest-value WSP Gange & Rural Water project worth Rs. Set-up its first worth Rs ~324 Crs Department’ 3
Slide 8: Marquee Clients
Marquee Clients Investor Presentation 8
Slide 9: Integrated Business Model
Integrated Business Model In-House Design & Enable Efficient Design & Quick Changes Engineering Team Integrated Owned Construction Equipment Reduce Pilferage, Equipment Downtime & In-House & Transportation Fleet Inefficiencies in the supply chain Model In-House Manufacturing Enables Cost Control Bet
Slide 10: Geographical Presence
Geographical Presence State wise distribution of Projects States No of Projects Haryana UP Assam 2 Assam Rajasthan Uttarakhand Manipur Daman 1 Gujarat Gujarat 1 Madhya Pradesh Haryana 1 Daman Maharashtra Maharashtra 2 Manipur 1 Madhya Pradesh 1 Rajasthan 35 Presence in 10 States & 1 Uttarakhand 4 Un
Slide 11: Business Overview
Business Overview
Slide 12: Business Segments
Business Segments Water Railway Supply Projects projects • Project Planning and Design • Track Construction and Infrastructure • Construction and Installation • Passenger Facilities • Commissioning and Operationalization • Signal and Telecommunication Infrastructure Road Irrigation Projects Projects
Slide 13: Orderbook Distribution
Orderbook Distribution Order book as on 31stMarch 2024 – ~Rs 47,170 Mn Geography wise Segment wise No. of Projects Roadways & Railway, 16% Civil, 4 Uttarakhand, 15% Road & Civil, 6% Railways, 10 Uttar Pradesh, 12% Rajasthan, 50% Assam, 4% Water & Sanitation Gujarat, 3% Program, SWG, Haryana, 1% 43 M
Slide 14: Water Supply Projects (WSP's)
Water Supply Projects (WSP’s) • VPRPL has over three decades of experience in executing WSPs comprising of construction and development of pipelines, water tanks, reservoirs, tunnels, overhead tanks, water treatment plants Revenues (INR Mn) and irrigation projects. It has executed more than seventy
Slide 15: Key Water Supply Projects (WSP's)
Key Water Supply Projects (WSP’s) Project Authority State Value (Mn) Chillar Dam Multi-Village Drinking Water Supply Scheme MP JAL NIGAM MP 5,644 Haldwani, Uttarakhand UUSDA UK 5,255 Water Supply System O&M at Kotdwar UUSDA UK 3,732 Prayagraj yamuna multi group of village water supply Govt UP 3,665
Slide 16: Railway Projects
Railway Projects • VPRPL is an emerging player in the infrastructure development of the railway sector. It is backed by Revenue (INR Mn) decades of successful project execution experience in constructing, developing, and maintaining projects 1,064 like railway tracks, rail over-bridges, platforms, f
Slide 17: Key Railway Projects
Key Railway Projects Projects Authority State Value (Mn) Construction of Udaipur Railway Station NWR Rajasthan 2,461 Provision of FOB 12 M Wide at Barmer under Amrit Bharat station Scheme over Jodhpur Division JDED Rajasthan 1,101 Construction of Railway station building, facilities for passenger/pi
Slide 18: Road Projects
Road Projects • Highways play a major role in the development of a country, particularly in a developing country like Revenue (INR mn) India. VPRPL is an eminent player in this sector. 1,821 • Its is backed by decades of strong project execution experience in constructing, developing, and maintainin
Slide 19: Road Projects
Road Projects Project Authority State Value (Mn) Construction to 2 lane with paved shoulder Realignment/Bypass MORTH Rajasthan 1,468 Construction and Maintenance of Rajiv Gandhi Knowledge service RISL Rajasthan 1,225 Construction of 4 Lan ROB from Design Chainage Jalore MORTH Rajasthan 59 Barmer Jas
Slide 20: Debt profile
Debt profile Cash & Bank Balance (INR Mn) Debt Exposure (INR Mn) Particulars As on 31.3.2024 Outstanding Particulars Existing Limits as on 31.3.2024 Term Loan 2,062 Working Capital Loan 1,562 Fund Based 2,000 1,562 Mobilization Advance 616 Non Fund Based 7,600 4,445 Total Debt 4,241 Cash & Bank 907
Slide 21: Strategic Overview
Strategic Overview
Slide 22: Key Strengths
Key Strengths Stronghold in Rajasthan One of the leading EPC players in Rajasthan in the Water Supply Projects (WSP) segment. In-house integrated model EPC only contracts Successful execution track record Owns a fleet of 500+ construction Focus only on EPC projects, with or and deep customer relatio
Slide 23: Business Strategies
Business Strategies Focus on EPC only contracts Diversify into other segments while not losing focus on core business 4 5 Make investments in latest equipments Selective Geographical diversification 3 6 2 Focus on high value contracts 1 Further strengthen foothold in the state of Rajasthan Investor
Slide 24: Industry Overview
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Slide 25: Water Supply
Water Supply • India faces the significant challenge of catering to 18% of the global population with access to only 4% of the world's fresh water resources. This has resulted in the designation of India as a Capex projection on India’s water projects in next 10 years (USD bn) water-stressed nation
Slide 26: Railways
Railways • India has the 4th largest railway system in the world, behind only US, Russia and China. • Annually, Indian Railways operates about 9,000 freight trains and 13,500 passenger trains, facilitating transportation for over 24 million passengers and more than 203 million tonnes of freight. • T
Slide 27: Roads & Highways
Roads & Highways • Over the past nine years, India's road network has expanded by 59%, making it the world's second-largest. The country boasts nearly 64 lakh kilometers of total roads, with National Highways alone reaching 145,240 km in 2022-23, compared to 91,287 km in 2013-14. • This extensive ro
Slide 28: Financial Overview
Financial Overview 28 Investor Presentation
Slide 29: Q4-FY24/FY24 Key Financial Highlights
Q4-FY24/FY24 Key Financial Highlights Q4-FY24 Consolidated Financial Performance FY24 Consolidated Financial Performance Total Income EBITDA Total Income EBITDA INR 6,572 Mn INR 1,049 Mn INR 14,739 Mn INR 2,099 Mn 44.2 % YoY 64.4% YoY 26.1% YoY 34.1% YoY EBITDA Margins Net Profit EBITDA Margins Net
Slide 30: Q4-FY24/FY24 Operational highlights
Q4-FY24/ FY24 Operational highlights • The revenue growth was driven by on-time and successful execution of ongoing projects across the segment. • The company bagged new orders worth INR 3,180 millions in 4QFY24. Out of this INR 1,215 million was for WSP and INR 1,960 Mn was for Railways • Margin ex
Slide 31: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Particulars (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Revenue from Operations 6,572 4,557 44.2% 2,421 NA Total expenses 5,523 3,919 40.9% 2,059 NA EBITDA 1,049 638 64.4% 362 NA EBITDA Margins (%) 15.96% 14.00% 196 Bps 14.95% 101 Bps Depreciation and amortiz
Slide 32: Annual Consolidated Financial Performance
Annual Consolidated Financial Performance Particulars (INR Mn) FY24 FY23 Y-o-Y Revenue from Operations 14,739 11,684 26.1% Total expenses 12,640 10,119 24.9% EBITDA 2,099 1,565 34.1% EBITDA Margins (%) 14.24% 13.39% 85 Bps Depreciation and amortization 112 70 60.0% Finance costs 430 302 42.4% Other
Slide 33: Historical Income Statements
Historical Income Statements Particulars (INR Mn) FY21 FY22 FY23 FY24 Revenue from Operations 5,014 7,856 11,684 14,739 Operating Expenses 4,551 6,987 10,119 12,640 EBITDA 463 869 1,565 2,099 EBITDA Margin (%) 9.23% 11.06% 13.39% 14.24% Finance Cost 168 241 302 430 Depreciation 40 42 70 112 Other In
Slide 34: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY22 FY23 FY24 Particulars (INR Mn) FY22 FY23 FY24 EQUITY 1586.9 3145.07 7210.64 Non - Current Assets : 866.8 1523.92 1985.90 a) Property, Plant and Equipment 720.44 1253.67 1663.32 a) Equity Share Capital 281.48 934.44 1246.44 b) Capital Work - in - Pro
Slide 35: Financial Performance
Financial Performance REVENUES (INR Mn) EBITDA (INR Mn) & Margins (%) PAT (INR Mn) & PAT Margins (%) 14,739 1,222 2,099 11,684 1,565 906 7856.13 869 14.24% 448 5,014 13.39% 463 11.06% 8.29% 9.23% 216 7.75% 4.30% 5.71% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 EBITDA (INR MN) EBITDA
Slide 36: Capital Market Data
Capital Market Data Stock Performance (up to 31st March, 2024) 60% 50% 40% 30% 20% 10% 0% -10% Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 VPRPL Sensex Market Data (As on 31st March, 2024) Shareholding Pattern (As on 31st March, 2024) Face Value 10.0 Public, 26.91% CMP 149.90 52 Week H/L 242.5
Slide 37: Disclaimer
Disclaimer Vishnu Prakash R Punglia Ltd 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 e
Slide 38: Thank You
Thank You 38 Investor Presentation
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