Nitiraj Engineers Ltd. · NSE:NITIRAJ
Nitiraj Engineers — H1 FY2022 Earnings Presentation
38 slides from Nitiraj Engineers's earnings presentation, Nov 15, 2021
Slide 1: Nitiraj Engineers Limited Result Update Presentation Q2 & H1 FY22
Nitiraj Engineers Limited Result Update Presentation Q2 & H1 FY22
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nitiraj Engineers 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
Slide 3: Table of Contents
Table of Contents Q1 FY22 Financial Highlights Company Overview Business Overview Way Ahead 3
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Management Comment
Management Comment Commenting on the results Mr. Rajesh Bhatwal, Chairman and Managing Director said – “The markets have been recovering well after the COVID-induced lockdown during the second wave. We used this period of slowdown to improve internal efficiencies and boost our team’s skills set. In
Slide 6: Recent Key Developments
Recent Key Developments Marketing Updates: R&D Updates: • Started 3 new branch offices in Bhubaneswar, Sonepur and Padampur in • Lot of advancement in our jewellery scale (GOLD model) which has given Odisha state. These branches are involved in sales of all product ranges, increased speed of weighin
Slide 7: Standalone Financial Highlights – Q2 FY22
Standalone Financial Highlights – Q2 FY22 Rs. Cr Q2 FY22 Q2 FY21 Y-o-Y(%) Q1 FY22 Revenue from Operations 8.78 11.64 (24.56%) 4.99 Raw Materials 4.42 6.65 1.84 Employee Cost 1.14 1.17 1.08 • Revenue decline Other Expenses 2.51 2.24 1.74 mainly since there Total Expenditure 8.07 10.07 4.66 were no ne
Slide 8: Consolidated Financial Highlights – Q2 FY22
Consolidated Financial Highlights – Q2 FY22 Rs. Cr Q2 FY22 Q2 FY21 Y-o-Y(%) Q1 FY22 Revenue from Operations 8.78 11.64 (24.56%) 4.99 • Revenue decline Raw Materials 4.42 6.64 1.84 mainly since there Employee Cost 1.14 1.17 1.08 were no new Government orders Other Expenses 2.51 2.24 1.74 during this
Slide 9: Q2 Revenue Break Up – Segmental
Q2 Revenue Break Up – Segmental* Q2 FY22 Q2 FY21 Govt. Sales, Govt. Sales, 0.15% 1.67% Non - Govt. Non - Govt. Sales, Sales, 99.85% 98.33% *includes spare parts sales 9
Slide 10: Q2 Revenue Break Up – Geographical
Q2 Revenue Break Up – Geographical* Q2 FY22 Q2 FY21 North, North, Central, 5.97% Central, 7.32% South, South, 18.15% 17.42% 11.87% 7.24% West, 28.19% West, 30.11% East, East, 35.82% 37.91% *includes spare parts sales and excludes exports 10
Slide 11: Standalone Financial Highlights – Half Yearly
Standalone Financial Highlights – Half Yearly Rs. Cr H1 FY22 H1 FY21 Y-o-Y (%) Revenue from Operations 13.77 18.71 (26.41%) Raw Materials 6.26 10.86 Employee Cost 2.23 2.20 Other Expenses 4.25 3.77 • Lack of new orders Total Expenditure 12.73 16.83 from Government EBITDA 1.04 1.89 (44.97%) offset th
Slide 12: Consolidated Financial Highlights – Half Yearly
Consolidated Financial Highlights – Half Yearly Rs. Cr H1 FY22 H1 FY21 Y-o-Y (%) Revenue from Operations 13.77 18.71 (26.41%) Raw Materials 6.26 10.86 Employee Cost 2.23 2.20 Other Expenses 4.25 3.77 • Lack of new orders Total Expenditure 12.73 16.83 from Government EBITDA 1.04 1.89 (44.97%) offset
Slide 13: Half Yearly Revenue Break Up – Segmental
Half Yearly Revenue Break Up – Segmental* H1 FY22 H1 FY21 Govt. Sales, 2.27% Govt. Sales, 12.42% Non - Govt. Sales, Non - Govt. Sales, 97.73% 87.58% *includes spare parts sales 13
Slide 14: Half Yearly Revenue Break Up – Geographical
Half Yearly Revenue Break Up – Geographical*# H1 FY22 H1 FY21 North, North, South, Central, Central, 7.10% 4.27% 4.41% 16.38% South, 11.17% 10.88% East, 25.72% West, 30.43% East, 35.21% West, 54.43% *Accounts for Non-Government sales #includes spare parts sales and excludes exports 14
Slide 15: Standalone Balance Sheet Highlights
Standalone Balance Sheet Highlights As on 30th As on 31st As on 30th As on 31st Rs. Crs Rs. Crs Sept’21 Mar’21 Sept’21 Mar’21 Shareholders Funds 71.23 71.64 Non-current Assets 47.01 45.83 Property, Plant and Equipment 27.08 27.42 Share Capital 10.25 10.25 Intangible Assets 0.00 0.00 R&S 60.97 61.39
Slide 16: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights As on 30th As on 31st As on 30th As on 31st Rs. Crs Rs. Crs Sept’21 Mar’21 Sept’21 Mar’21 Shareholders Funds 70.82 71.29 Non-current Assets 46.61 45.47 Property, Plant and Equipment 27.08 27.42 Share Capital 10.25 10.25 Intangible Assets 0.00 0.00 R&S 60.57 61.0
Slide 17: Company Overview
Company Overview
Slide 18: Company Overview
Company Overview Leading manufacturer of Electronic Weighing Scales & Systems and Digital Fare Meters Strong Geographical Presence ▪ Incorporated in 1989 ▪ Installations across 5 countries ▪ Develops and sells products under ▪ Middle East, SAARC and African own registered brand ‘PHOENIX’ 01 04 Count
Slide 19: Timeline
Timeline ▪ Developed and installed CGMS and MAA in Aanganwadis all over India to control malnutrition amongst children - huge orders ▪ Awarded with Jamanalal Bajaj Uchit under WCD department of Govt. of India Vyavahar Puraskar for fair trade at ▪ Sponsored state level table tennis tournament as ‘PHO
Slide 20: Management Team
Management Team Mr. Rajesh R. Bhatwal Mrs. Shakuntala R. Bhatwal Mr. Hung Sin Mr. Ajay Bhatwal Mr. Kailas Agrawal Chairman & Managing Women Whole Time Director Whole Time Director VP Marketing Chief Financial Officer Director ▪ Over 32 years of experience ▪ Over 31 years of experience in ▪ 29 years
Slide 21: Key Strengths
Key Strengths Diversified Product Range Experienced Management Team Strong R&D ▪ Offering entire range of Electronic Weighing ▪ Chairman Mr. Rajesh Bhatwal is ▪ In-house R&D Center at Scales catering to jewelry, commercial, industrial, engaged in weighing scales and other Dhule, Maharashtra health a
Slide 22: SWOT Analysis
SWOT Analysis Strengths Weaknesses • Promoter wants to increase stake • Due to increase in demand and newly • Zero debt Company setup manufacturing unit, raw • New manufacturing unit at Dhule with material procurement is currently technologically advanced machineries and close posing challenge. Howe
Slide 23: Business Overview
Business Overview
Slide 24: Domestic Industry Opportunity
Domestic Industry Opportunity Weighing Scales Currency Counting Machines ▪ Weighing scale plays mandatory and ▪ Cash counting and counterfeit note important role in day-to-day life detection is process widely required ▪ Weighing solutions starting from with high speed and accuracy milligrams to tons
Slide 25: Diversified Product Portfolio…
Diversified Product Portfolio… Industrial Range Commercial Range Jewellery Range ▪ Electronic Weigh Bridges ▪ Currency Counting Machine ▪ High Accuracy Weighing ▪ Crane Scale ▪ Tabletop Weighing Scales Balances ▪ Pallet Scale ▪ Platform Weighing Scales …Catering to various sectors 25
Slide 26: Diversified Product Portfolio…
Diversified Product Portfolio… Healthcare Range Household Range Automobile Range ▪ Baby Weighing Machines ▪ Personal Weighing Scale ▪ Electronic Fare Meters for auto rickshaws and taxis ▪ Body Mass Index (BMI) ▪ Kitchen Scales Machines ▪ Adult Weighing Scales …Catering to various sectors 26
Slide 27: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Used in Jewellery Shops & Laboratories / Paper Industries Jewellery Scale ▪ Highest accuracy of 10 mg ▪ Carat counting, percentage & GSM functions ▪ Used by Departmental Stores, Grocery Shops, Packaging Industries etc. Ta
Slide 28: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Used at Steel Plants, Dockyards, Fabricators, Vehicle Junk Yards, Construction Sites, Foundries Hanging Scales ▪ IR Remote Control Operation ▪ Pocket scale is widely used for weighing gas cylinders and at airports ▪ Very
Slide 29: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Specially designed to weigh recipe items accurately Kitchen Scales ▪ Light weight, Portable ▪ Ideal for Hospitals, Clinics, Schools, Health clubs, Physical examination centers, Gym etc. Body Mass Index (BMI) Scale ▪ Autom
Slide 30: Diversified Product Portfolio
Diversified Product Portfolio Product Name Product Description / Application ▪ Hotel RFID locks, Room number plates and power saving switches Hotel Automation ▪ Infantometer - measure length of infants in recumbent position Health Monitoring Devices ▪ Stadiometer – measure height of adult and child
Slide 31: Some New Products
Some New Products ▪ Protective Face Shield : PFS-1 - provides complete coverage of eyes, nose and mouth from splashes, sprays and splatter of bodily fluids, designed for increased air flow & comfort and is washable & reusable ▪ Electromagnetic Weighing balances : NLB Series - uses electromagnetic fo
Slide 32: State of art Manufacturing Facility - New
State of art Manufacturing Facility - New Dhule, Maharashtra ▪ Total Area : Land of 8 acres has been acquired for world-class, state-of-the-art manufacturing facility including 4 buildings : ✓ Tool room and molding shop - area of 1,100 sq. meters ✓ Main Factory - area of 5,600 sq. meters ✓ Canteen b
Slide 33: State of art Manufacturing Facility
State of art Manufacturing Facility Parwanoo, Himachal Pradesh ▪ Installed Capacity - 400 machines per day ▪ Total Area – about 15,000 sq. ft. ▪ Tool Room section and Molding shop –have been shifted to new facility at Dhule, Maharashtra ▪ Other machineries - wave soldering machine, automatic calibra
Slide 34: Wide Distribution Network
Wide Distribution Network Domestic ▪ Pan India presence ▪ 19 branches across Maharashtra, Odisha and Chhattisgarh ▪ About 400 dealer network across India International ▪ UAE, Nepal, Sri Lanka, Malavi (Africa) More than 10 lakh satisfied customers and counting!! 34
Slide 35: Strong R&D – ‘Innovation Room’
Strong R&D – ‘Innovation Room’ ▪ In-house R&D Center at Dhule, Maharashtra ▪ Strong team of ~ 15 expert engineers – continued focus on knowledge & skill upgradation ▪ Programming: Hands-on coding and programming in various environments like C language, Assembly language, Linux OS, Android OS ▪ PCB D
Slide 36: Way Ahead
Way Ahead
Slide 37: Way Ahead
Way Ahead Vision Marketing: ▪ Enhancing Brand Image ▪ Achieve Rs. 100 crore through increased spend topline within next 3 on advertisements and years other promotional ▪ Penetrate analytical activities through balances market for different mediums like TV, increased profitability print, internet, et
Slide 38: Thank You
Thank You NITIRAJ NITIRAJ IN For further information, please contact: Company : Investor Relations Advisors : Nitiraj Engineers Limited Bridge Investor Relations Pvt. Ltd. Mr. Kailas Agrawal Mr. Amit Sharma Chief Financial officer amit@bridge-ir.com investor@nitiraj.net Ms. Disha Shah disha@bridge-i