Bharat Wire Ropes Ltd. · NSE:BHARATWIRE
Bharat Wire Ropes — Q1 FY2024 Earnings Presentation
19 slides from Bharat Wire Ropes's earnings presentation, Jul 27, 2023
Slide 1: Regulation 30 stock exchange cover letter
Ref.: BWRL/2023-24/SE/Misc./20 Date: 27th July, 2023 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051. Mumbai – 400 001. NSE Symbol: BHARATWIRE BSE Scrip Code: 539799 Dear S
Slide 2: Earnings Presentation Q1-FY24
E A R N I N G S P R E S E N T A T I O N | Q 1 - F Y 2 4 1
Slide 3: Company Snapshot
Company Snapshot One of the largest manufacturer of Manufacturing capability of Steel Wires, Steel Wire Ropes in India Strands, Slings and Wire Ropes with over thousands of varieties Management with combined Integrated state-of-the-art wire rope plants experience of over three decades with a Total M
Slide 4: Company Overview
Company Overview
Slide 5: Company Overview
Company Overview • Bharat Wire Ropes Limited (“BWR”) was originally incorporated in the year 1986, and later in 2010, it Revenues (INR Mn) and EBITDA Margins (%) was acquired by Mr. M L Mittal, current promoter and managing director. The company is headquartered in Mumbai, Maharashtra. 5,891 • The c
Slide 6: Exporting to 50+ countries across the Globe
Exporting to 50+ countries across the Globe Europe Finland Denmark Estonia Canada Poland UK Germany Ukraine Netherland Belgium Bulgaria North America Italy USA Turkey Azerbaijan Spain Nepal Kuwait Egypt Qatar Bangladesh Saudi UAE Asia Oman India Thailand Arabia Africa Singapore Uganda Indonesia Peru
Slide 7: Product Mix
Product Mix Wire Ropes Strands Slings Steel Wire 6-90 MM of various Mechanically Spliced, Hand High carbon steel wires Description Stay Wire, Structural construction like 6*19, Spliced, Spelter Sockets and ranging from 0.3mm to 5.5 6*36, 8*19, 35*7 etc. Strands and Earth Wire mm upto 2,360 N/mm^2 Sw
Slide 8: Applications
Applications Oil & Gas Cranes Mining Offshore Marine Elevator Structural Ship Mooring Roof Structure Ropes Industrial Cranes Speed Arresters Transmission Tower Industrial Cranes Offshore Cranes Suspension Bridge Ropes Elevator Ropes Dragline Drag & Hoist Trawl Warps Mobile Lattice Boom Cranes 7
Slide 9: Strategic Overview
Strategic Overview Catering to a wider customer base on account of its diversified product offering 1 Industrial Promotion Subsidy equivalent to 100% of eligible Efforts been made to focus on productivity and occupy the investments as per SGST for a maximum of INR 4,350 Mn, of maximum number of mach
Slide 10: Financial Overview
Financial Overview
Slide 11: Q1-FY24 Key Financial & Operational Highlights
Q1-FY24 Key Financial & Operational Highlights Operational Highlights: • During Q1-FY24 the sales volume have increased by 15% YoY • EBIDTA margin improved from 19% in Q1-FY23 to 26% in Q1-FY24 due to stable Raw Material Price scenario and a downward trend of approximately 5% YoY as well as stable f
Slide 12: Key Operational Highlights
Key Operational Highlights Volume (In MT) Operational Revenue (INR Mn) +1 5 % +1 9 % 10,316 1,584 8,962 1,328 Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 412 +6 4 % 238 +9 8 % 251 26.01% 120 18.90% 15.03% 9.04% Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 11
Slide 13: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q1-FY24 Q1-FY23 Y-o-Y Q4-FY23 Q-o-Q Revenue from Operations 1,584 1,328 19.3% 1,623 (2.4)% Total Expenses 1,172 1,077 8.8% 1,166 0.5% EBIDTA 412 251 64.1% 457 (9.8)% EBIDTA Margins (%) 26.01% 18.90% 711Bps 28.16% (215) Bps Depreciation and amortis
Slide 14: Historical Income Statement
Historical Income Statement Particulars (INR Mn) Q1-FY24 FY23 FY22 FY21 Revenue from Operations 1,584 5,891 4,107 2,502 Total Expenses 1,172 4,503 3,486 2,177 EBIDTA 412 1,388 621 325 EBIDTA Margins (%) 26.01% 23.56% 15.12% 12.99% Depreciation and amortisation expenses 53 207 214 217 Finance costs 4
Slide 15: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY23 FY22 FY21 Particulars (INR Mn) FY23 FY22 FY21 Equity 5,602 4,517 4,351 Non-Current Assets 5,070 5,583 5,784 (a) Equity Share Capital 679 638 626 (a) Property, Plant and Equipment 4,809 4,915 5,126 (b) Other Equity 4,923 3,879 3,725 (b) Capital Work
Slide 16: Financial Highlights
Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 5,891 622 1,388 4,107 238 2,502 137 15.03% 621 26.01% 1,584 23.56% 10.56% 412 325 3.34% 15.12% 12.99% FY21 FY22 FY23 Q1-FY24 -6.71% FY21 FY22 FY23 Q1-FY24 FY21 FY22 FY23 Q1-FY24 -168
Slide 17: Capital Market Data
Capital Market Data 250% Stock Price (Upto 30th June, 2023) 200% BWR NSE 150% 100% 50% 0% Jul/22 Aug/22 Sep/22 Oct/22 Nov/22 Dec/22 Jan/23 Feb/23 Mar/23 Apr/23 May/23 Jun/23 Price Data (As on 30th June, 2023) INR Shareholding Pattern (As on 30th June, 2023) Face Value 10.0 Foreign Public, Institutio
Slide 18: Disclaimer
Disclaimer 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 events not current after the d
Slide 19: Thank You
Thank You