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KEI Industries Ltd. Earnings Release 2020
62468_rns_2020-05-30_6dd473d9-6fad-43b3-adef-e37a52401efc.PDF
Earnings Release
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Regd. Office: D-90, Olchla Industrial Area, Phase — 1 New Delhi — 110020. CIN: L74899DL1992PLC051527. Tel.: +91-11-26818840, 26818642, 26815558, 26815559. Fax: +91-11-26811959, 26817225. Email: [email protected]: www.kei-ind.com
aPRESS RELEASE
KEI INDUSTRIES LIMITED (KEI) AT THE MEETING OF ITS BOARD OF DIRECTORS HELD ON 30.05.2020 APPROVED STANDALONE AND CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED MARCH 31, 2020.
FINANCIALS
STANDALONE FINANCIALS
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During the 4th Quarter of FY 2019-20 Net Sales was Rs 1258.53 Crore, against same quarter in previous year of Rs.1258.79 Crore. There was no growth as compared to corresponding period last year due to lockdown announced by the Government (COVID-19) resulting in no sale for last 10 days of the quarter ended March 31, 2020.
EBIDTA during this Quarter was Rs.122.99 Crore against same quarter in the previous year of Rs.141.24. Crore.
Further, PAT diving this Quarter was Rs 60.85 Crore against same quarter in the previous year of Rs. 59.93 Crore. PAT/Net Sale is 4.84% during the quarter as against 4.76% during last year same period.
During FY 2019-20 Net Sales was Rs. 4884.27 Crore, against same period in previous year of Rs.4226.96 Crore, growth in Net Sales is 15.55% over last year same period.
EBIDTA during FY 2019-20 was Rs 512.51 Crore against same period in the previous year of Rs.449.41 Crore, growth in EBIDTA is 14.04% over last year same period.
Further, PAT during FY 2019-20 was Rs 255.10 Crore against Rs 181.87 Crore last year same period. Further PAT has grown by 40.26% as against last year same period. PAT Margin has improved from 4.30% to 5.22% as against last year same period.
Volume growth in Cable Division during the year is approx. 18% as compared to last year same period.
During the 4th Quarter of FY 2019-20, Institutional sale (Domestic) is Rs 501 Crore against last year same period of Rs 472 Crore, whereas Institutional sale (Export) is Rs 226 Crore as against Rs 117 Crore last year same period. So total Institutional sales is Rs. 727 Crore in 4th Quarter as compared to Rs. 589 Crore last year same period. Growth in Institutional Sale is approx. 23% over last year same period.
During FY 2019-20, Institutional sales of Cables has grown by approx.31% as compared to last year same period from Rs. 2002 Crore to Rs. 2621 Crore.
During the 4th Quarter of FY 2019-20 Sales through Dealer/ Distribution market was Rs.321 Crore as compared to Rs.405 Crore of last year same period.
: Kolkata : Arihanth Benchmark, 4aFloor,113-F, Matheshwartola Road, Kolkata-7000466 Telfax : 033-40620820/4062
1-01 b INDUSTRIES LIMITED
RAJEEV GUPTA FYI7CLITIVE DIRECTOR (FINANCE) &
Works-II : Bhiwadl : SP-920, RIICO Industrial Area, Phase-III, Bhiwadi, Dist. Alwar-301019 (Rajasthan) Tel : 01493-220106, 221731 Fax : 01493-221732.
Works-III : Silvassa : 99/2/7, Madhuban Istrial Estate, Rakholi, Silvassa UT of D &N.H-396240. TelFax : 0091-260-2644404, 2630944,2645896
Branch : Chennal : 27/F-1, first floor, Chakrapani Street, West Mambalam, Chennai-600 033 Tel : 044-24803363 Fax : 044-24803404. Offices : Mumbal : 101/102, Vastu Shilp, Vastu Enclave, Andheri Pump House, Andheri(East), Mumbai-400093. Tel: 0091-22-2823963/28375642, Fax: 28258277
Regd. Office: D-90, Okhla Industrial Area, Phase — 1 New Delhi — 110020. CIN: L74899DL1992PLC051527. Tel.: +91-11-26818840, 26818642, 26815558, 26815559. Fax: +91-11-26811959, 26817225. Email: [email protected]: www.kei-ind.com
During FY 2019-20, sales through Dealer/Distribution market was Rs 1413 Crore as'compared to Rs 1400 Crore of last year same period.
The total active working dealer of the Company is approx.1650 Nos.
During the 4th Quarter of FY 2019-20 EHV Cable Sale was Rs.127 Crore against last year same period of Rs. 94 Crore.
During FY 2019-20, EHV Cable Sale was Rs.435 Crore against last year same period of Rs. 189 Crore. Growth in EHV Cable sale is approx.130% as compared to last year. •
During the 4th Quarter of FY 2019-20 revenue from EPC division was Rs.186 Crore (apart from cable sale) against last year same period of Rs. 247 Crore.
During FY 2019-20, EPC sales was Rs 764 Crore (apart from cable sale) against Rs 730 Crore against last year same period.
Product wise sales for three months and year ended 31.03.20:
| Product | FY 2019-20, Q4 | FY 2018-19,Q4 | FY 2019-20 | • FY 2018-19 |
|---|---|---|---|---|
| LT Cable | 592 | 471 | 2041 | 1634 |
| HT Cable | 134 | 195 | 673 | 712 |
| EHV Cable | 127 | 94 | 435 | 189 |
| House Wire/Winding Wire | 190 | 222 | 852 | 819 |
| Stainless Steel Wire | 40 | 37 | 137 | 137 |
| EPC(Other than Cable) | 186 | 247 | 764 | 730 |
| Other | 5 | 12 | 33 | 48 |
| Total Sale | 1274 | 1278 | 4935 | •4269 |
| Less: Ind AS adjustment | 16 | 19 | 51 | 42 |
| Net Sale | 1258 | 1259 | 4884 | 4227 |
Net debt as on 31.03.2020 is Rs 152 Crore as against Rs 404 Crore as on 31.03.19.
Ratios: •
| Ratio | FY 2019-20 | FY 2018-19 | |
|---|---|---|---|
| ROCE | 28.09% | 29.48% | |
| ROE | 22.32% | 26.29% | |
| Gearing Ratio | 1.17 | 2.56 | |
| Working Capital Cycle Month | 2.78 | 1.98 |
Works-II : Bhiwadi : SP-920, RIICO Industrial Area, Phase-Ill, Bhiwadi, Dist. Alwar-301019 (Rajasthan) Tel : 01493-220106, 221731 Fax : 01493-221732.
Works-Ill : Silvassa : 99/2/7, Madhuban Istria, Estate, Rakholi, Silvassa UT of D &N.H-396240. TelFax : 0091-260-2644404, 2630944,2645896
Branch : Chennal : 27/F-1, first floor, Chakrapani Street, West Mambalam, Chennai-600 033 Tel : 044-24803363 Fax : 044-24803404. Offices : Mumbal : 101/102, Vastu Shilp, Vastu Enclave, Andheri Pump House, Andheri(East), Mumbai-400093. Tel: 0091-22-2823963/28375642, Fax: 28258277
: Kolkata : Arihanth Benchmark, 4th Floor, 113-F, Matheshwartola Road, Kolkata-7000466 Telfax : 033-40620820/4062
or KLi INDUSTRIES LIIi RAJLEV GUPTA 'VP DIRECTOR
Regd. Office: D-90, Okhla Industrial Area, Phase —1 New Delhi — 110020. CIN: L74899DL1992PLC051527. Tel.: +91-11-26818840, 26818642, 26815558, 26815559. Fax: +91-11-26811959, 26817225. Email: [email protected]: www.kei-ind.com
CONSOLIDATED FINANCIALS
During the 4th Quarter of FY 2019-20 Net Sales was Rs 1258.53 Crore, against same quarter in previous year of Fls.1258.33 Crore.
EBIDTA during this Quarter was Rs.124.16 Crore against same quarter in the previous year of Rs.139.47 Crore.
Further, PAT during this Quarter was Rs.62.03 Crore against same quarter in the previous year of Rs. 58.87 Crore. PAT/Net Sale is 4.93% during the quarter as against 4.68% during last year same period.
During FY 2019-20 Net Sales was Rs. 4887.80 Crore, against same period in previous year of Rs.4230.98 Crore, growth in Net Sales is 15.52% over corresponding period last year.
EBIDTA during FY 2019-20 was Rs 513.70 Crore against last year of Rs.447.74 Crore, growth in EBIDTA is 14.73% over last year same period.
Further, PAT during FY 2019-20 was Rs 256.29 Crore against Rs 180.75 Crore last year same period. Further PAT has grown by 41.79% as against last year same period. PAT Margin has improved from 4.27 % to 5.24% as against last year same period. •
PENDING ORDERS
Pending order is approx. Rs 3260 Crore:
| Particulars | In Hand | L-1 | TOTAL(Amount In Crore) |
|---|---|---|---|
| EPC | 1233 | - | 1233 |
| EPC EHV | 731 | 16 | 747 |
| Cable . | 1116 | - | 1116 |
| Export | 164 | - | 164 |
| Total | 3244 | 16 | 3260 |
440 KV EHV CABLE ORDER
The company has recently bagged first big order of 400 KV of Rs 148 Crore from Tamilnadu Transmission Corporation Limited. With the receipt of 400 KV EHV Cable order, Company has reached another milestone and has placed KEI amongst the few international players in the industry to manufacture and supply cables of 400 KV.
FINANCIAL CHARGES
On standalone basis, financial charges of the company in 4th Quarter of FY 2019-20 was Rs.27.66 Crore as compared to last year same period of Rs.42.29 Crore (Financial charges in terms of percentage has reduced to 2.20% from 3.36% of Net sales).
Works4I : Bhlwadl : SP-920, RIICO Industrial Area, Phase-III, Bhiwadi, Dist. Alwar-301019 (Rajasthan) Tel : 01493-220106, 221731 Fax : 01493-221732.
Works-III : SlIvassa : 99/2/7, Madhuban Istria! Estate, Rakholi, Silvassa UT of D &N.H-396240. TelFax : 0091-260-2644404, 2630944,2645896
Branch : Chennal : 27/F-1, fgst floor, Chakrapani Street, West Mambalam, Chennai-600 033 Tel : 044-24803363 Fax : 044-24803404. Offices : Mumbal : 101/102, Vastu Shilp, Vastu Enclave, Andheri Pump House, Andheri(East), Mumbai-400093. Tel: 0091-22-2823963/28375642, Fax: 28258277
: Kolkata : Arlhanth Benchmark, 4m Floor, 113-F, Matheshwartola Road, Kolkata-7000466 Telfax : 033-40620820/4062
i-ot i't=i INDUS TRIES LIMITED
RAJEEV GUPTA EXECUTIVE DIRECTOR (FINANCE) & CFO
•
Regd. Office: D-90, Okhla Industrial Area, Phase —1 New Delhi — 110020. CIN: L74899DL1992PLC051527. Tel.: +91-11-26818840, 26818642, 26815558, 26815559. Fax: +91-11-26811959, 26817225. Email: [email protected] Website: www.kei-ind.com
Financial charges of the company in FY 2019-20 was Rs.129.15 Crore as compared to last year same period of Rs.136.15 Crore (Financial charges in terms of percentage has reduced to 2.64% from 3.22% of Net sales).
QUALIFIED INSTITUTIONS PLACEMENT(QIP)
During the quarter ended March 31, 2020, the company has issued 1 Crore equity shares of Rs 2/ each at premium of Rs 498/- each (Issue Price per share Rs 500/- each) amounting to Rs 500 Crore to qualified institutional buyers through Qualified Institutions Placement (QIP).
Pursuant to the allotment of equity shares through QIP, the paid up equity share capital of the Company has increased from Rs 15.90 Crore comprising of 79,504,438 equity shares to Rs 17.90 Crore comprising of 89,504,438 equity shares. The proceeds of QIP, have been utilized as per objects of the Issue such as repayment or prepayment of debts, meeting working capital requirements and general corporate purposes as detailed below:
| Utilisation- | Amount (In Crore) | |
|---|---|---|
| Expenses related to QIP Issue | 14.64 | |
| Repayment/Prepayment of Debt | 397.30 | |
| Unutilised Fund/Invested in Bank Deposits | 88.06 | |
| TOTAL | 500.00 | |
| • |
BOOK VALUE
The book value per equity share of Company is Rs 168.34 as on as on March 31, 2019. March 31, 2020 as against Rs 98.69
Company has incurred total expenditure of Rs 5.82 Crore in including Rs 2 Crore contributed to PM Care Fund for Covid-19. FY 2019-20 towards CSR activities
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RAJEEV GUPTA (RATECNitaliblEAToR (FINANCE) & CFO Executive Director (Finance) & CFO
Works-II : Bhiwadl : SP-920, RIICO Industrial Area, Phase-Ill, Bhiwadi, Dist. Alwar-301019 (Rajasthan) Tel : 01493-220106, 221731 Fax : 01493-221732.
Works-III : Sllvassa : 99/2/7, Madhuban Istria! Estate, Rakholi, Silvassa UT of D &N.H-396240. TelFax : 0091-260-2644404, 2630944,2645896
Branch : Chennal : 27/F-1, first floor, Chakrapani Street, West Mambalam, Chennai-600 033 Tel : 044-24803363 Fax : 044-24803404. Offices : MKuorkbataal : 1Ari 01/h1a0n2th, VBasetnucShhmilaprk, V, 4asmtunEonocrl,ave, An dhmaetrhiePsumhwap IldooulaseR,0Anaddh, Ke 1,070766bai-4Te010fa0x93:.0T3e31-:40069210-8220-2/4802632963/28375642, Fax: 28258277
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