Sanghvi Movers Limited · NSE:SANGHVIMOV
Sanghvi Movers — H1 FY2023-24 Earnings Presentation
19 slides from Sanghvi Movers's earnings presentation, Nov 7, 2023
Slide 1: Stock exchange filing cover letter
SANGHVI MOVERS LIMITED Regd. Office : Survey No. 92 , Tathawade, Taluka - Mulshi, Pune, Maharashtra - 411033, INDIA Tel. : 8669674701/2/3/4, 020-27400700 E-mail : sanghvi@sanghvicranes.com Web. : www.sanghvicranes.com SANGHVI GIN No. : L29150PN1989PLC054143 REF: SML/SEC/SE/23-24/55 Date: 07 November
Slide 2: Investors Presentation H1 - FY 2023-24
IMI INVESTORS PRESENTATION H1 - FY 2023-24 1
Slide 3: Financial Performance For H1 2023-24
Financial Performance For H1 2023-24 SANGHVI Total Turnover Profit after Tax Average CU Avg. Blended Yield ₹ 296.82 Crores ₹ 78.93 Crores 83% 2.15% Per Month 2
Slide 4: Financial Performance as on H1 FY 2023-24
Financial Performance as on H1 FY 2023-24 SANGHVI Debt: Equity Net Worth Total Debt Ratio ₹ 308 Crores 0.34:1 ₹ 903 Crores Avg. Cost of Borrowing 9.02% P.a. 3
Slide 5: Capex For FY 2023-24
Capex For FY 2023-24 SANGHVI Till 30th September 2023, Company has completed Capex of Rs. 252 Crores for purchase of cranes & multi-axle lines Details of cranes & multi-axle purchased is as under No. of Cranes imported in FY 2023-24 Crane Model / OEM 110 Ton 160 Ton 750 Ton Total Sany (Brand New) 6
Slide 6: Sector-wise Revenue for H1 - FY 2023-24
Sector-wise Revenue for H1 - FY 2023-24 SANGHVI 60.00% 50% Q2FY24 Q2FY23 50.00% 40% 40.00% 30.00% 23% 20.00% 14% 11% 11% 9% 8% 8% 9% 8% 10.00% 6% 2% 1% 0% 0% 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 1st October 2023 to be executed during the period 1 st April Rs. 522 Crores 2023 to 31 March 2024 Order Book as on 1st October 2022 during the period 1st April 2022 to 31 March Rs. 380 Crores 2023 6
Slide 8: Financial Performance
[Il SANGHVI Financial Performance Rs. In crores Particulars H1 FY 24 Q2FY24 Q1FY24 FY 2022-23 H1 FY 23 a) Income from Operations 286.05 139.98 146.07 455.79 206.48 b) Other Income 10.77 4.74 6.03 29.76 17.79 c) Total Income (a) + (b) 296.82 144.72 152.10 485.55 224.27 d) Total Expenditure 111.89 53.
Slide 9: Other Income and Revenue from EPC Business
SANGHVI Other Income Sr. Particulars Rs. in Crores 1 Profit on Sale of 13 Nos. Cranes sold during H1FY 24 5.88 2 Reversal of PDD made in earlier years pursuant to recovery of dues 2.64 3 Others – Interest on FD / Gain from MF Investment 2.25 Total Other Income 10.77 Revenue from EPC Business Sr. Par
Slide 10: Summarized Profitability Statement
Summarized Profitability Statement SANGHVI 350.00 (Rs. in Crores) 297 300.00 250.00 224 200.00 185 152 145 150.00 123 112 101 100.00 94 91 58 54 50.00 - Q1FY 24 Q2FY 24 H1 FY 24 H1 FY 23 ■ Total Income ■ Total Expenditure ■ PBIDT
Slide 11: Net Profit & Cash Profit
Net Profit & Cash Profit SANGHVI 160.00 145 (Rs. in Crores) 140.00 120.00 102 100.00 79 80.00 74 71 60.00 42 43 40.00 37 20.00 - Q1FY 24 Q2FY 24 H1 FY 24 H1 FY 23 ■ Net Profit ■ Cash Profit 10
Slide 12: Operational Parameters
Operational Parameters SANGHVI Average Capacity Utilisation Average Blended Yield - per month 85% 2.50% 2.21% 2.15% 2.09% 84% 84% 2.00% 1.82% 83% 83% 1.50% 82% 82% 82% 1.00% 81% 0.50% 80% 0.00% Q1FY 24 Q2FY 24 H1 FY 24 H1 FY 23 Q1FY 24 Q2FY 24 H1 FY 24 H1 FY 23 11
Slide 13: Total Borrowings & Net Worth of the company
Total Borrowings & Net Worth of the company SANGHVI 1,000 903 900 Rs. in Crores 842 800 773 700 600 500 400 308 300 255 200 161 100 - 30.09.2023 31.03.2023 30.09.2022 ■ Net Borrowings ■ Net Worth 12
Slide 14: Debt : Equity Ratio of the company
Debt : Equity Ratio of the company SANGHVI 0.4 0.35 0.34 0.33 0.3 0.25 0.2 0.19 0.15 0.1 0.05 0 30.09.2023 31.03.2023 30.09.2022 13
Slide 15: Average Receivable Days
Average Receivable Days SANGHVI 120 109 99 100 85 83 80 60 40 20 - Q1FY 24 Q2FY 24 FY 23 Q1FY 23 14
Slide 16: Age-Wise Debtors Analysis as on 30.09.2023
Age-Wise Debtors Analysis as on 30.09.2023 SANGHVI Particulars Rs. in Crores Debtors Less than 90 Days 129.38 Debtors between 91 Days to 180 Days 16.63 Debtors between 181 Days to 360 Days 4.39 Debtors between 361 Days and Above (Net of Provision of Doubtful debts) Nil Reported Sundry debtors as per
Slide 17: Fleet of the Cranes as on 30th September 2023
Fleet of the Cranes as on 30th September 2023 SANGHVI Particulars Details Count of SML Crane fleet as on 30th September 2023 353 Rs. 2485 Amount of Gross block of Cranes Crores Count of SML Crane Fleet having capacity more than 100MT as on 247 30th September 2023 % of Gross Block by ‘Crane Fleet hav
Slide 18: Updates on wholly owned subsidiary in Vietnam
Updates on wholly owned subsidiary of SANGHVI the Company in Vietnam The Board of Directors of the Company in their meeting held on 07 August 2023, approved voluntary winding up of Sanghvi Movers Vietnam Company Limited, a wholly owned subsidiary of the Company in Vietnam, as per the applicable laws
Slide 19: 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