Slide 1: Nitiraj Engineers Limited Result Update Presentation Q4 & FY22
Nitiraj Engineers Limited Result Update Presentation Q4 & 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 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 – “For the full year ended 31st March 2022, we reported a consolidated revenue of Rs. 39.63 cr with an EBITDA of Rs. 1.79 cr. Reduction in Government orders and continued fixed expense led to signifi
Slide 6: Standalone Financial Highlights – Q4 FY22
Standalone Financial Highlights – Q4 FY22 Rs. Cr Q4 FY22 Q4 FY21 Y-o-Y(%) Q3 FY22 Revenue from Operations 13.59 15.19 (10.55%) 12.27 Raw Materials 8.30 7.91 7.13 • Revenue decline Employee Cost 1.61 1.76 1.61 mainly due to decline Other Expenses 3.90 3.85 2.56 in Government orders Total Expenditure
Slide 7: Consolidated Financial Highlights – Q4 FY22
Consolidated Financial Highlights – Q4 FY22 Rs. Cr Q4 FY22 Q4 FY21 Y-o-Y(%) Q3 FY22 Revenue from Operations 13.59 15.19 -10.55% 12.27 Raw Materials 8.30 7.91 7.13 • Revenue decline Employee Cost 1.61 1.76 1.61 mainly due to decline Other Expenses 3.90 3.85 2.56 in Government orders Total Expenditure
Slide 8: Q4 Revenue Break Up – Segmental
Q4 Revenue Break Up – Segmental* Q4 FY22 Q4 FY21 Govt. Sales, 43.56% Govt. Sales, 40.69% Non - Govt. Sales, 59.31% Non - Govt. Sales, 56.44% *includes spare parts sales 8
Slide 9: Q4 Revenue Break Up – Geographical
Q4 Revenue Break Up – Geographical* Q4 FY22 Q4 FY21 North, North, Central, 4.07% 7.52% 12.42% South, South, Central, 6.06% 16.21% 26.73% West, 12.30% East, 24.70% East, 55.00% West, 34.99% *includes spare parts sales and excludes exports 9
Slide 10: Standalone Financial Highlights – Yearly
Standalone Financial Highlights – Yearly Rs. Cr FY22 FY21 Y-o-Y (%) Revenue from Operations 39.63 53.40 (25.79%) • Lack of new orders Raw Materials 21.69 28.52 from Government Employee Cost 5.45 5.30 offset the rise in sales Other Expenses 10.71 11.46 from branch and dealerships, leading to Total Ex
Slide 11: Consolidated Financial Highlights – Yearly
Consolidated Financial Highlights – Yearly Rs. Cr FY22 FY21 Y-o-Y (%) Revenue from Operations 39.63 53.40 (25.79%) • Lack of new orders Raw Materials 21.69 28.52 from Government offset the rise in sales Employee Cost 5.45 5.30 from branch and Other Expenses 10.71 11.46 dealerships, leading to Total
Slide 12: Yearly Revenue Break Up – Segmental
Yearly Revenue Break Up – Segmental* FY22 FY21 Govt. Sales, 15.86% Govt. Sales, 25.08% Non - Govt. Sales, Non - Govt. Sales, 84.14% 74.92% *includes spare parts sales 12
Slide 13: Yearly Revenue Break Up – Geographical
Yearly Revenue Break Up – Geographical*# FY22 FY21 North, North, Central, 4.61% 6.30% South, South, Central, 5.44% 16.79% 15.99% 20.87% East, 25.08% West, 21.05% East, West, 41.56% 42.31% *Accounts for Non-Government sales #includes spare parts sales and excludes exports 13
Slide 14: Standalone Balance Sheet Highlights
Standalone Balance Sheet Highlights As on 31st As on 31st As on 31 st As on 31 st Rs. Crs Rs. Crs Mar’22 Mar’21 Mar’22 Mar’21 Non-current Assets 45.35 45.83 Shareholders Funds 68.22 71.64 Property, Plant and Equipment 32.36 27.42 Share Capital 10.25 10.25 Intangible Assets 3.57 0.00 R&S Right to Use
Slide 15: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights st st As on 31st As on 31st As on 31 As on 31 Rs. Crs Rs. Crs Mar’22 Mar’21 Mar’22 Mar’21 Non-current Assets 44.83 45.47 Shareholders Funds 67.70 71.29 Property, Plant and Equipment 32.36 27.42 Share Capital 10.25 10.25 Intangible Assets 3.57 0.00 R&S 57.45 61.0
Slide 16: Company Overview
Company Overview
Slide 17: 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 18: 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 19: 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 20: 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 21: 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 22: Business Overview
Business Overview
Slide 23: 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 24: 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 24
Slide 25: 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 25
Slide 26: 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 27: 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 28: 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 29: 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 30: 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 31: State of art Manufacturing Facility
State of art Manufacturing Facility 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 buildin
Slide 32: Wide Distribution Network
Wide Distribution Network Domestic ▪ Pan India presence ▪ 20 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!! 32
Slide 33: 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 34: Way Ahead
Way Ahead
Slide 35: 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 36: 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