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Genus Power Infrastructures Ltd Investor Presentation 2021
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Investor Presentation
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January 22, 2021
National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051.
(NSE Symbol: GENUSPOWER)
BSE Limited P.J. Towers, Dalal Street, Fort, Mumbai – 400001
(BSE Code: 530343)
Dear Sir/Madam,
Sub: Investor Presentation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Investor Presentation – January 2021.
We request to kindly take the same on record.
Thanking you,
Yours truly, For Genus Power Infrastructures Limited
ANKIT JHANJHARI Digitally signed by ANKIT JHANJHARI Date: 2021.01.22 17:53:53 +05'30'
Ankit Jhanjhari Company Secretary Encl. as above
Genus Power Infrastructures Limited (A Kailash Group Company) Corporate Identity Number L51909UP1992PLC051997
Corporate Office: SPL-3, RIICO Industrial Area, Sitapura, Tonk Road, Jaipur-302022, (Raj.), India T. +91-141-7102400/500 • F. +91-141-2770319, 7102503 E. [email protected] • W. www.genuspower.com
Registered Office:
G-123, Sector-63, Noida, Uttar Pradesh-201307 (India) Tel. +91-120-2581999 E. [email protected]
January
2021
Genus Power Infrastructures Limited
Corporate
Presentation
1
This presentation and the accompanying slides (the "Presentation"), by Genus Power Infrastructures Limited (the "Company"), have been prepared solely for information purposes and do 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 contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
***One-time provision of Rs. 12.6 crore related towards settlement of past litigations under the 'Vivad Se Vishwas Scheme 2020' impacted Q2FY21 PAT Note: Cash PAT includes PAT + Depreciation + Deferred Tax
SEBs
3
Genus Power Infrastructures Ltd (standalone entity)
Mr. Subhash Chandra Garg
(Independent Director)
-
He was an IAS officer from the 1983 batch in Rajasthan cadre. He has served as Economic Affairs Secretary (July 2017-July 2019) and Finance Secretary of India in the Ministry of Finance and as Secretary, Ministry of Power (July 2019-October 2019)
-
His appointment provides an important layer of oversight which will help us further strengthen our internal controls, corporate governance and prepare for our next stage of growth
-
His appointment will strengthen our board and fortify our corporate policies with a commitment to maximize value for our shareholders.
-
He is an established and highly respected professional with over 25 years of global experience in the field of Smart Metering Technology and Product Development
-
He brings strong domain knowledge of smart metering businesses combined with a deep understanding of how new digital technologies are evolving
-
He will play a key role in building new platforms of growth, developing new product capabilities, expanding our international footprint and securing our long-term growth
Dr. Keith Mario Torpy
(Non-Executive, Non-Independent Director)
Performance Highlights For Last Few Quarters
Healthy Performance
"The effect of COVID-19 led disruptions on business operations has dissipated, but the overhang is likely to remain on business operations for this fiscal year. This is primarily on account of customer-centric nature of our business, which requires human intervention for installation of meters. This has affected the volume offtake from DISCOMs. However, the payment inflows from DISCOMs and SEBs have improved over the last quarter. The ordering from DISCOMs and SEBs has been delayed by 2 to 3 months against the earlier anticipation. However, the tendering process has been robust. We have participated in tenders worth Rs. 4,500 crore and expect healthy order inflows within Q4FY21.
There is increased thrust by the government authorities on smart meters as it remains the key catalyst for reducing the AT&C losses faced by DISCOMs. Smart meters not only lead to reduction in theft of power and improved billing efficiency but also enables DICSOMs to undertake end-to-end mapping of load from power grid to end-users, which improves the overall operational efficiency of the entire power industry.
As smart meters are high-end products (viz-a-viz conventional meters), the profitability is also better. And with end-clients increasingly requesting for end-to-end solutions with Facility Management Services (FMS) leads to increased incentive of recurring revenue. We expect the FMS component of our revenue to constitute about 8 to 10% of our total revenue, in foreseeable future.
Metering Industry in India has also realized that smart meters require a lot of customization and R&D as every SEBs has its own specifications. So smart meters in India cannot be commoditized as it is a custom-built product. Considering the specialized nature of smart meter industry in India and an enormous market, we expect price realizations to remain healthy and the forthcoming period of 6 to 7 years to remain very favourable. Also, as a strategy we have designed our building and manufacturing infrastructure in a way, which will enable us to easily double our manufacturing capacity in short period of 6 months, whenever required.
We are also slowly gaining foothold in gas meter market, where we have recently bagged order for supplying 10,000 gas meters, which we believe is a very good beginning. Also, 80- 90% of Indian gas meter market is currently being catered by only one company. This shall provide us an opportunity to make our presence felt and play a key role in the market. We also plan to leverage our connections with government authorities to gain market share in gas metering business.
As part of our efforts to sharpen the focus of the management team, the company has embarked on a restructuring plan. The bank guarantee given by Genus Power to other group companies has also been reduced substantially to about Rs. 22 crore (from Rs. 230 crore earlier), which will be further squared off completely by the end of this financial year.
We provide end-to-end metering solutions to clients with metering communication, services and solutions. India's energy consumption is set to grow 4.2% a year by 2035 – fastest among all major economies. More than 25 crore consumers are grid connected, whose conventional meters will need to be replaced by smart meters. Thus, there is a tremendous growth prospect for us in the years ahead and we are fully geared up to capitalize on this enormous opportunity."
| Particulars (Rs. Crores) | Q3FY21 | Q2FY21 | QoQ | FY20 | FY19 | YoY |
|---|---|---|---|---|---|---|
| Total Revenue | 168.0 | 165.1 | 2% | 1,060.4 | 1,055.5 | 1% |
| Cost of Material Consumed | 91.5 | 92.1 | 664.0 | 718.0 | ||
| Employee Expenses | 24.8 | 20.8 | 108.7 | 98.2 | ||
| Other Expenses | 22.7 | 17.9 | 114.9 | 111.4 | ||
| EBITDA | 29.1 | 34.4 | -15% | 172.7 | 127.9 | 35% |
| EBITDA (%) | 17.32% | 20.8% | 16.29% | 12.12% | ||
| Other Income | 8.5 | 6.8 | 19.1 | 17.9 | ||
| Depreciation | 5.6 | 5.5 | 22.2 | 19.4 | ||
| EBIT | 32.1 | 35.7 | -10% | 169.7 | 126.5 | 34% |
| EBIT (%) | 19.1% | 21.6% | 16.00% | 11.98% | ||
| Finance Cost | 4.6 | 6.1 | 32.7 | 33.9 | ||
| Profit before Tax | 27.5 | 29.6 | -7% | 137.0 | 92.5 | 48% |
| Tax | 9.6 | 22.9 | 43.3 | 20.2 | ||
| Profit after Tax | 17.90 | 6.8* | 164% | 93.7 | 72.4 | 29% |
| PAT % | 10.7% | 4.1% | 8.83% | 6.86% | ||
| Cash PAT** | 22.8 | 12.6 | 81% | 110.7 | 90.1 | 23% |
| Cash PAT % | 21.7% | 15.3% | 10.4% | 8.5% | ||
| EPS (in Rs.) | 0.70 | 0.26 | 3.64 | 2.81 |
*Q2FY21 PAT impacted on-account of one-time provision of Rs. 12.6 crore towards settlement of past litigations under the 'Vivad Se Vishwas Scheme 2020' **Cash PAT includes PAT + Depreciation + Deferred Tax.
As per IND-AS
| ASSETS (Rs. Crores) | Sep-20 | Mar-20 | EQUITY AND LIABILITIES(Rs. Crores) | Sep-20 | Mar-20 |
|---|---|---|---|---|---|
| Non-current assets | Equity | ||||
| Property, plant and equipment | 150.4 | 156.2 | Equity share capital | 25.7 | 25.7 |
| Capital work-in-progress | 0.4 | 0.8 | Other equity | 861.4 | 859.5 |
| Right of Use Assets | 15.4 | 15.8 | Total equity | 887.1 | 885.3 |
| Intangible assets | 1.3 | 1.3 | |||
| Investment in Associates | 15.9 | 15.9 | Non-current liabilities | ||
| Financial assets | Financial liabilities | ||||
| Investments | 77.7 | 76.2 | Borrowings | 15.2 | 23.3 |
| Loans | 28.7 | 28.7 | Lease liabilities | 0.2 | 0.3 |
| Others | 21.1 | 25.6 | Other financial liabilities | 11.2 | 11.0 |
| Non-financial assets | 12.1 | 11.6 | Provisions | 35.5 | 33.4 |
| Deferred tax assets (net) | 16.2 | 19.9 | Government grants | 4.2 | 4.6 |
| Net employee defined benefit liabilities | 1.0 | 1.5 | |||
| Sub-total -Non-Current Assets | 339.2 | 352.1 | Sub-total -Non-current liabilities | 67.3 | 74.1 |
| Current assets | Current liabilities | ||||
| Inventories | 130.3 | 151.2 | Financial liabilities | ||
| Financial assets | Borrowings | 145.1 | 223.9 | ||
| Investments | 114.6 | 102.6 | Trade payables | 117.4 | 200.4 |
| Investment in trust | 60.0 | 60.0 | Lease liabilities | 0.6 | 0.8 |
| Loans | 1.2 | 1.4 | Other liabilities | 14.9 | 10.3 |
| Trade receivables | 527.7 | 629.2 | Government grants | 0.7 | 0.7 |
| Cash and cash equivalents | 19.6 | 71.6 | Net employee defined benefit liabilities | 2.1 | 2.2 |
| Other bank balances | 54.4 | 34.4 | Current tax liabilities (net) | 17.8 | 2.8 |
| Other financial assets | 6.0 | 7.2 | Provisions | 12.4 | 12.5 |
| Non-financial assets | 27.0 | 29.8 | Non-financial liabilities | 14.6 | 26.5 |
| Sub-total -Current Assets | 940.7 | 1,087.3 | Sub-total -Current liabilities | 325.6 | 480.0 |
| TOTAL -ASSETS | 1,279.9 | 1,439.3 | TOTAL -EQUITY AND LIABILITIES | 1,279.9 | 1,439.3 |
Business Overview
- Incorporated in 1992, Part of $400 mn Kailash Group
- Over 2 decades of experience in electricity metering solutions industry
Largest player in India's electricity meter industry
Annual Production capacity of 10 mn+ meters
- ~27% market share in Meter Industry
- ~70% market share in Smart Meters
- Share of Metering Projects increasing
- 60 mn+ Meters installed
- Capability to undertake turnkey power projects up to 400 KV
| ▪Production ofElectronic EnergyMeters▪Established Single& Three PhaseElectronic EnergyMeters▪Multi-functional &Multi-tariffMeters launched1996 -1999 | ▪AMR / Prepayment Meter/DT Meter launched▪Ventured intoPower DistributionManagementProjects▪Manufacturingfacility at Haridwarcommissioned2005 -2009 | ▪▪ | Deployed SmartMetering Solution atShapur(Junagarh)PGVCL –India's FirstSmart Village ProjectImplemented India'sfirst End to End SmartMetering Solution atKala AmbHPSEB'sSmart Grid Pilot Projectwith Alstom2014 -2016 | ▪-▪–▪ | India's First NarrowbandIOT setup for AMI withVodafone IdeaAmong theTop10Global AMICompaniesas per IHSMarkit'sElectricityMeters ReportEdition2018Smart Meter Integratedline getting operational2018 -2019 | |||
|---|---|---|---|---|---|---|---|---|
| 1992 -1995•Company foundedfor manufacturingThick Film HybridMicrocircuits & SMTPCB Assemblies•First Productionfacility set up inSitapura, Jaipur | 2000 -2004▪R&D recognized byGovernment ofIndia▪LeanManufacturingwith help of TBMconsultants, USA▪Increased productrange of electronicenergy meters | 2010 -2013▪Launched meterwith integratedAPFC, SmartMeters, smartstreet lightmanagementsystem, GroupMetering etc | ▪▪▪ | 2017 -2018Intelligent GroupMetering systemsdeployed at BSESSmart Meters orderfrom EESL for supplyof 13.5 lakh metersOnly Indian companyto receive BIScertification forSmart Meters | ▪▪ | 2020 -2021Became the Firstcompany in AsiaPacific to supply 1.5million Smart MetersIndigenouslydeveloped VendingSoftware AgrimTMaccredited with STScertification |
▪ Set up and Commenced
plant
production at Assam
Mr. Ishwar Chand Agarwal Executive Chairman
Mr. Kailash Chandra Agarwal Vice-Chairman, Non-Executive, Non-Independent
Mr. Rajendra Kumar Agarwal Managing Director and CEO
Dr. Keith Mario Torpy
Non-Independent Director
Non-Executive,
Mr. Jitendra Kumar Agarwal Joint Managing Director
Mr. Subhash Chandra Garg Independent Director
Dr. Giriraj Nyati COO - Metering Solution
Mr. R Viswanathan Chief Management Representative
Mr. N L Nama Chief Financial Officer
Dr. Anukram Mishra Chief Technical Officer
Mr. Ranvir Singh Rathore Senior VP – Domestic Marketing and Sales
SMART METERING SOLUTIONS
- Offers a wide spectrum of Smart Metering Solutions, that includes High End Multifunction Single Phase and Three Phase Meters, CT Operated Meters & HES (Head End System), ABT & Grid Meters, Distribution Transformer (DT Meters), Pre-payment Meters, Group Metering, Smart Street Light Management Solution, Net- Metering Solution for rooftop Solar, Data Concentrator, Energy Management solution for Building Management and DC Metering Solution, Gas Meter etc
- Genus specializes in providing end-to-end metering solutions (AMI) with communication modules and software under its Smart Energy Management Solution
ENGINEERING, CONSTRUCTIONS AND CONTRACTS (ECC)
- Customized and turnkey (ECC) solutions to the Power Transmission and Distribution (T&D) sector
- Under the turnkey ECC solutions, Genus offers One Stop Total Solution of Metering, Engineering & Construction from 'Concept to Commissioning' with distinctive specialization in Smart Metering Solution & Advance Metering Infrastructure
End to End Energy Management Solutions
- Single / Three Phase Smart Meters
- Net Meters
- Smart Street Light Management System
Group Metering
- LT / HT CT Meter with Integrated Communication
- Meters with Automatic Power Factor Controller
- ABT Meter
- Smart High end Meters
- Single Phase Prepayment Meter
- Three Phase Prepayment Meter
- Dual prepayment Solution
- DIN Rail Prepayment Meter
- Prepaid Vending Software
- On-Line "Pre-paid" Metering Solution
- Thread Through Metering Solution for Distribution Transformer
- Smart DT Meter with Integrated Communication
- Single Phase Portable Reference Meter
- Three Phase Portable Reference Meter
Engineering Construction & Contracts
ECC Division
- Provides total engineering and construction solution from "Concept to Commissioning"
- Offers turnkey solutions of MV, HV & EHV sub-stations & transmission lines and execute turnkey jobs up to 420 KV
Leveraging on Strength
- More than 20 years of experience in Indian Power distribution sector
- Engineered Energy meter solutions backed up with in-house R&D and technological prowess
Complements the Metering Business
- Increased implementation of Smart metering solution
- Higher sales growth under metering division
- Margin expansion
- Gain Market share
Current Projects under implementation
- Design, engineering, supply of equipments for Substation, Transmission Line and associated system for construction of 220 KV Substation at Chhatti Bariatu, 33 KV Substation at Kerandari, 33 KV D/C Line from Chhatti Bariatu to Kerendari, 200 KV D/C Line from Pakri Barwadih to Chhatti Bariatu and from Patratu to Pakri Barwadih along with installation of DG Sets (NTPC-Jharkhand)
- Rural electrification work including 11KV Feeder Segregation, Sansad Adarsh Gram Yojna and other works on partial turnkey basis under Deen Dayal Upadhyaya Gram Jyoti Yojna ( PVVNL- Bijnor and PVVNL J.P. Nagar )
Genus Power would benefit from the GOI's plan to reduce T&D losses in coming years
SEB's registered under UDAY schemes are the major revenue contributors
R&D Centre and Corporate Office, Sitapura, Jaipur Ramchandrapura, Jaipur
Haridwar, Uttaranchal Haridwar, Uttaranchal
Guwahati, Assam
In-House NABL Accredited Electronic Energy Meter Testing Laboratories
A series of reliability tests are conducted periodically both on in-house reliability chambers and from NABL approved outside test labs, to establish a satisfactory life of the product in the hands of the customer.
Quality is the hallmark of Genus products and services
Comprehensive testing is carried out at various stages of product manufacturing starting from incoming raw material/components to in-process stages and to the final finished and packed product
CMMI Level 3 Company
QSI Certification STS certification Bureau Veritas
National Accreditation Board for Testing and Calibration Laboratories
KEMA Certification R&D Lab recognized by MSD, GOI Silver Certificate by Frost & Sullivan
IEC Certifications
ZigBee Certification
DLMS Certification for Meters IECQ for quality of components C-DOT Certifications STQC Certifications EMC Certifications
Awarded various national and international quality accreditations such as various 'ISO' marks, OHSAS 18001 'BIS', NABL, 'STS', 'EMC', 'ISI', 'S' mark, etc.,
Infrastructure & Testing Capabilities
2004:
Rated among top 100 Electronic companies in India by EFY
2011:
Outstanding performance award by NDPL towards AT&C loss reduction
2013:
The prestigious EFY Reader's choice top 5 brands
2015:
Accorded Excellence in Quality by Golden Peacock National Quality Awards, 2015
2015:
"Silver Certificate of Merit" by Frost & Sullivan's India Manufacturing Excellence Awards 2015
2018:
The Global Center of Excellence at Jaipur for the successful testing & integration of Genus Smart Electricity Meter Solution in the Living Lab in Jaipur
Quality team won 7 Gold & 3 Silvers in 32nd National Convention Quality Circle Awards organised by "Quality Circle Forum of India" at Gwalior & Haridwar
2019-20:
Recognition from CESC for "Active Involvement in Development of Smart Meters" Our Multiple Team won 17 Awards (11 Gold ; 04 Silver; 02 Bronze) in Lucknow Center Convention, Haridwar Center Convention and Kaizen Competition on Quality Circle Forum of India
2019-20:
"Best Innovation Award" and "Brand Ambassador 2020 Award" by Alleem Business Congress, UAE
Ranked among "Top 25 Most Trusted Manufacturing Companies in India" by the CEO Magazine
2020-21:
"Frost & Sullivan 2020 Indian Smart Meters Market Leadership Award"
Business Outlook
- DISCOMS had accumulated losses of Rs. 3.8 Trillion and Debt of Rs. 4.3 Trillion
- To improve the operational efficiency and reduce AT&C losses
- Smart Metering solutions, upgradation of transformers and meters
- Improved financial health of DISCOM's would help in lower operating cost and reduce working capital cycle of equipment suppliers
- Till date 27 states and 5 UT has participated in the scheme
- Planned outlay of Rs. 326 Billion
- Strengthening of sub-transmission network to reduce AT&C losses
- Metering & implementation of IT application to reduce commercial losses
- Smart Meters be installed for all consumers with consumption of above 200 units by 2019
DEENDAYAL UPADHYAYA GRAM JYOTI YOJANA ( Scheme of Govt. of India for Rural Areas )
- Planned outlay of Rs. 760 Billion
- Electrification to all villages
- Feeder separation (Rural households & agricultural)
- Strengthening of sub-transmission & distribution infrastructure including metering at all levels (input points, feeders and distribution transformers)
- Metering to reduce the Losses
SAMARTH scheme (formerly ADITYA Scheme)
- Ujwal DISCOM Assurance Yojna (UDAY) has expired in March 2020. Thus SAMARTH scheme (formerly ADITYA Scheme) is being considered by the Government of India aimed at investing funds in network infrastructure like smart metersto reduce DISCOM losses
- The new scheme aims to reduce AT&C losses of DISCOMs to less than 12% and reduction in ACS-ARR gaps to 0 as per the laid down trajectory
- The new scheme will have central funding of up to Rs. 1.1 trillion (USD 16.3 billion) over three phases and remaining balance of Rs. 2.9 trillion (USD 42.5 billion) will be funded by states
- PFC and its subsidiaries would be the nodal agency for implementation
- In its design to date, the scheme is planned to install smart meters in the first phase,starting from electricity feeders and then reaching consumers
- In the second phase, the plan is to install insulated aerial bunched cables to prevent electricity theft with hooks, separate feeders for agricultural and household consumption, and supervisory control and data acquisition systems for better monitoring and consumer experience
- Further, state DISCOMs will be able to adopt various business models, such as public–private partnerships, multiple supply and network franchisees or working through input-based distribution franchisees
- Though SAMARTH's exact status is not yet clear, however, with a large power sector budget in FY21, it is possible that it will be re-tooled to help the powersector cope with impacts of the COVID-19 crisis
As per the, notification by power ministry, dated 8th September 2016 :
- Mandatory rollout of Smart Meters, for consumers with monthly consumption of 500 units and more
- Mandatory rollout of Smart Meters, for consumers with monthly consumption of 200 units and more
- Current Power minister Mr R. K. Singh has extended deadline to end of FY22
METERING OPPORTUNITY
- India has 200 million legacy meters
- There are plans to install up to 130 million smart meters by 2021
GOVERNMENT INVESTMENT
- The government is planning to invest up to $21 billion till 2025 in smart grid technologies
- The smart cities initiative is targeting 100+ cities in India, out of which 20 have been declared and work for them will start in the next month or two
- More than 14 smart grid pilots have been launched in cities across India, to push smart solutions in Power Generation & Distribution Industry
Latching Switch
Smart meters will have a kill switch which will close off the utility supply. The kill switch will be operated via Internet. This will give power to utility providers to start and stop the supply at the click of a button
Increased customer involvement
As all the data collected will be uploaded on the Internet the customers will be able to access it using their smart phones application. This will give them a clear idea about daily, hourly and even per-minute consumption, and how it is billed
Prepaid Schemes
Customers will be able to recharge their meters to the amount of energy usage and consume only that much. As the meters are smart, they will remind the consumer when the balance is running low, or when a larger than normal chunk is being used. This will help consumers save money, and take the load of billing off the local body
Consumption Patterns
As consumers will be able to access the data on their mobile phones / tablets / PCs, they will be able to cut their expenses using simple strategies. For example not using water heaters or electric irons during peak hour
What are Smart Meters ?
Smart meters are remarkably different from electronic meters. While electronic meters only measure the amount of utility used, a smart meter is used to measure the utility and then transmit the reading without any human intervention
- ✓ Allowing utilities to introduce different prices for different consumption during different season
- ✓ Control devices with two-way communication between the meter and the central system
First Indian Company to get BIS Certificate for Smart Meters
Financial Performance
PAT (Rs. Crore) Cash PAT (Rs. Crore)
| Particulars (Rs. Crores) | FY20 | FY19 | YoY |
|---|---|---|---|
| Total Revenue | 1,060.4 | 1,055.5 | 1% |
| Cost of Material Consumed | 664.0 | 718.0 | |
| Employee Expenses | 108.7 | 98.2 | |
| Other Expenses | 114.9 | 111.4 | |
| EBITDA | 172.7 | 127.9 | 35% |
| EBITDA (%) | 16.29% | 12.12% | |
| Other Income | 19.1 | 17.9 | |
| Depreciation | 22.2 | 19.4 | |
| EBIT | 169.7 | 126.5 | 34% |
| EBIT (%) | 16.00% | 11.98% | |
| Finance Cost | 32.7 | 33.9 | |
| Profit before Tax | 137.0 | 92.5 | 48% |
| Tax | 43.3 | 20.2 | |
| Profit after Tax | 93.7 | 72.4 | 29% |
| PAT % | 8.83% | 6.86% | |
| EPS (in Rs.) | 3.64 | 2.81 |
| ASSETS (Rs. Crores) | Mar-20 | Mar-19 | EQUITY AND LIABILITIES(Rs. Crores) | Mar-20 | Mar-19 |
|---|---|---|---|---|---|
| Non-current assets | Equity | ||||
| Property, plant and equipment | 156.2 | 176.9 | Equity share capital | 25.7 | 25.7 |
| Capital work-in-progress | 0.8 | 1.6 | Other equity | 859.5 | 784.8 |
| Right of Use Assets | 15.8 | 0.0 | Total equity | 885.3 | 810.5 |
| Intangible assets | 1.3 | 1.1 | |||
| Investment in Associates | 15.9 | 15.9 | Non-current liabilities | ||
| Financial assets | Financial liabilities | ||||
| Investments | 76.2 | 68.4 | Borrowings | 23.3 | 25.1 |
| Loans | 28.7 | 30.3 | Lease liabilities | 0.3 | 0.0 |
| Others | 25.6 | 18.4 | Other financial liabilities | 11.0 | 9.1 |
| Non-financial assets | 11.6 | 13.4 | Provisions | 33.4 | 22.5 |
| Deferred tax assets (net) | 19.9 | 37.2 | Government grants | 4.6 | 1.7 |
| Net employee defined benefit liabilities | 1.5 | 2.0 | |||
| Sub-total -Non-Current Assets | 352.1 | 363.3 | Sub-total -Non-current liabilities | 74.1 | 60.3 |
| Current assets | Current liabilities | ||||
| Inventories | 151.2 | 206.7 | Financial liabilities | ||
| Financial assets | Borrowings | 223.9 | 242.3 | ||
| Investments | 102.6 | 124.1 | Trade payables | 200.4 | 235.2 |
| Investment in trust | 60.0 | 60 | Lease liabilities | 0.8 | 0.0 |
| Loans | 1.4 | 4.2 | Other liabilities | 10.3 | 12.5 |
| Trade receivables | 629.2 | 573.1 | Government grants | 0.7 | 0.3 |
| Cash and cash equivalents | 71.6 | 14.8 | Net employee defined benefit liabilities | 2.2 | 2.2 |
| Other bank balances | 34.4 | 24.2 | Current tax liabilities (net) | 2.8 | 0.0 |
| Other financial assets | 7.2 | 3.3 | Provisions | 12.5 | 11.8 |
| Non-financial assets | 29.8 | 28.9 | Non-financial liabilities | 26.5 | 27.4 |
| Sub-total -Current Assets | 1,087.3 | 1,039.3 | Sub-total -Current liabilities | 480.0 | 531.8 |
| TOTAL -ASSETS | 1,439.3 | 1,402.6 | TOTAL -EQUITY AND LIABILITIES | 1,439.3 | 1,402.6 |
Consolidated Profit & Loss Statement
| Particulars (Rs. Crores) | FY20 | FY19 | Y-o-Y |
|---|---|---|---|
| Total Revenue | 1,060.4 | 1,055.5 | 1% |
| Cost of Material Consumed | 664.0 | 718.0 | |
| Employee Expenses | 108.7 | 98.2 | |
| Other Expenses | 132.1 | 126.9 | |
| EBITDA | 155.5 | 112.4 | 38% |
| EBITDA (%) | 14.67% | 10.65% | |
| Other Income | 16.1 | 10.9 | |
| Depreciation | 22.2 | 19.4 | |
| EBIT | 149.5 | 103.9 | 44% |
| EBIT (%) | 14.10% | 9.84% | |
| Finance Cost | 32.7 | 33.9 | |
| Profit before Tax | 116.8 | 70.0 | 67% |
| Tax | 43.3 | 20.2 | |
| Profit before Associate | 73.5 | 49.8 | 48% |
| PAT % | 6.93% | 4.72% | |
| Profit / Loss of Associates | -0.9 | -1.8 | |
| Profit after Tax | 72.6 | 48.0 | 51% |
| PAT (%) | 6.85% | 4.55% | |
| Normalised Profit after Tax | 93.7 | 72.4 | 29% |
| PAT (%) | 8.83% | 6.86% | |
| EPS (in Rs.) | 3.16 | 2.09 |
Genus Trust hold shares in Genus Paper & Board Ltd. Hence, as per IND-AS, any changes in price will reflect at consolidated level.
| ASSETS (Rs. Crores) | Mar-20 | Mar-19 | EQUITY AND LIABILITIES(Rs. Crores) | Mar-20 | Mar-19 |
|---|---|---|---|---|---|
| Non-current assets | Equity | ||||
| Property, plant and equipment | 156.2 | 176.9 | Equity share capital | 23.0 | 23.0 |
| Capital work-in-progress | 0.8 | 1.6 | Other equity | 814.9 | 761.2 |
| Right of Use Assets | 15.8 | 0.0 | Total equity | 837.9 | 784.1 |
| Intangible assets | 1.3 | 1.1 | |||
| Investment in Associates | 13.5 | 14.3 | Non-current liabilities | ||
| Financial assets | Financial liabilities | ||||
| Investments | 76.2 | 68.4 | Borrowings | 23.3 | 25.1 |
| Loans | 28.7 | 30.3 | Lease liabilities | 0.3 | 0.0 |
| Others | 25.6 | 18.4 | Other financial liabilities | 11.0 | 9.1 |
| Non-financial assets | 11.6 | 13.4 | Provisions | 33.4 | 22.5 |
| Deferred tax assets (net) | 19.9 | 37.3 | Government grants | 4.6 | 1.7 |
| Net employee defined benefit liabilities | 1.5 | 2.1 | |||
| Sub-total -Non-Current Assets | 349.6 | 361.7 | Sub-total -Non-current liabilities | 74.1 | 60.3 |
| Current assets | Current liabilities | ||||
| Inventories | 151.2 | 206.7 | Financial liabilities | ||
| Financial assets | Borrowings | 223.9 | 242.3 | ||
| Investments | 117.6 | 159.2 | Trade payables | 200.4 | 235.2 |
| Investment in trust | 0.0 | 0.0 | Lease liabilities | 0.8 | 0.0 |
| Loans | 1.4 | 4.3 | Other liabilities | 10.3 | 12.5 |
| Trade receivables | 629.2 | 573.1 | Government grants | 0.7 | 0.4 |
| Cash and cash equivalents | 71.6 | 14.8 | Net employee defined benefit liabilities | 2.2 | 2.2 |
| Other bank balances | 34.4 | 24.2 | Current tax liabilities (net) | 2.8 | 0.0 |
| Other financial assets | 7.2 | 3.3 | Provisions | 12.5 | 11.8 |
| Non-financial assets | 29.8 | 28.9 | Non-financial liabilities | 26.5 | 27.4 |
| Sub-total -Current Assets | 1,042.3 | 1,014.6 | Sub-total -Current liabilities | 480.0 | 531.8 |
| TOTAL -ASSETS | 1,391.9 | 1,376.3 | TOTAL -EQUITY AND LIABILITIES | 1,391.9 | 1,376.3 |
Genus Power Infrastructures Limited CIN: L51909UP1992PLC051997
Mr. Ankit Jhanjhari [email protected]
Strategic Growth Advisors Pvt. Limited CIN: U74140MH2010PTC204285
Mr. Shogun Jain / Mr. Parin Narichania [email protected] / [email protected]
