Nitiraj Engineers Limited — Interim / Quarterly Report 2021

Jun 23, 2021

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Nitiraj Engineers Limited Result Update Presentation H2 & FY21

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Disclaimer

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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 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.

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Table of Contents

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H2 & FY21 Financial Highlights Com an Overview p y Business Overview Wa Ahead y

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Financial Highlights

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Recent Key Developments

• Migrated from NSE SME to NSE Main Board in April’21

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Marketing Updates:

Technological Updates:

• Developed and launched “Door / Shutter Alarm” system under Security and Automation Products range - used for home or workplace security and gives out a loud siren on intrusion

• Started online sales through e-commerce platforms like Amazon

• Participated in “Divya Marathi Shopping Utsav & Auto Expo” Jalgaon from 10[th] - 14[th] February 2021

• Advertised on TV, newspaper ads for Home Automation and Security products

• Developed “Platform Weighing Scale with RF Indicator" for wireless data transmission from platform to indicator

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• Updated Electromagnetic Weighing Balances with latest technology and software, enables machines to give best performance - highly sensitive weighing balances measuring weights of 0.1 mg accurately

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Standalone Financial Highlights – H2 FY21

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Rs. Cr	H2 FY21	H2 FY20	Y-o-Y(%)	H1 FY21	• Revenue increase of 63.35% mainly on account of increased market demand especially commercial sales and growing B2C business • Increase in EBITDA mainly due to increase in sales and sale of products with lower stamping fees • Increase in PAT on account of higher sales and cost cutting measures due to innovation because of our R&D facilities	• Revenue increase of 63.35% mainly on account of increased market demand especially commercial sales and growing B2C business • Increase in EBITDA mainly due to increase in sales and sale of products with lower stamping fees • Increase in PAT on account of higher sales and cost cutting measures due to innovation because of our R&D facilities
Revenue from Operations	35.72	21.87	63.35%	18.10
Raw Materials	18.28	10.41		10.25
Employee Cost	3.09	2.56		2.16
Other Expenses	8.26	7.55		3.97
Total Expenditure	29.63	20.51		16.37
EBITDA	6.09	1.35	349.89%	1.73
EBITDA Margin%	17.05%	6.19%	1086 bps	9.54%
Other Income	0.15	1.83		0.05
Depreciation	1.47	0.86		1.42
Interest	0.06	0.27		0.16
Profit Before Tax	4.72	2.05		0.20
Tax	1.23	0.64		0.05
PAT	3.48	1.41	146.77%	0.15
Add: Share of Profit/ (Loss) of Associates	0.00	0.00		0.00
Net Profit	3.48	1.41	146.77%	0.15
Net Profit Margin%	9.75%	6.46%	329 bps	0.84%
EPS in Rs.	3.40	1.38	146.38%	0.15

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Consolidated Financial Highlights – H2 FY21

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Rs. Cr	H2 FY21	H2 FY20	Y-o-Y(%)	H1 FY21	• Revenue increase of 63.35% mainly on account of increased market demand especially commercial sales and growing B2C business • Increase in EBITDA mainly due to increase in sales and sale of products with lower stamping fees • Increase in PAT on account of higher sales and cost cutting measures due to innovation because of our R&D facilities	• Revenue increase of 63.35% mainly on account of increased market demand especially commercial sales and growing B2C business • Increase in EBITDA mainly due to increase in sales and sale of products with lower stamping fees • Increase in PAT on account of higher sales and cost cutting measures due to innovation because of our R&D facilities
Revenue from Operations	35.72	21.87	63.35%	18.10
Raw Materials	18.28	10.41		10.25
Employee Cost	3.09	2.56		2.16
Other Expenses	8.26	7.55		3.97
Total Expenditure	29.63	20.51		16.37
EBITDA	6.09	1.35	349.89%	1.73
EBITDA Margin%	17.05%	6.19%	1086 bps	9.54%
Other Income	0.15	1.83		0.05
Depreciation	1.47	0.86		1.42
Interest	0.06	0.27		0.16
Profit Before Tax	4.72	2.05		0.20
Tax	1.23	0.64		0.05
PAT	3.48	1.41	146.77%	0.15
Add: Share of Profit/ (Loss) of Associates	(0.08)	(0.14)		(0.01)
Net Profit	3.40	1.27	168.06%	0.14
Net Profit Margin%	9.53%	5.81%	372 bps	0.76%
EPS in Rs.	3.32	1.24	167.74%	0.13

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H2 Revenue Break Up - Segmental

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H2 FY21
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Govt. Sales,
33.79%
Non - Govt. Sales,
66.21%
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H2 FY20
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Non - Govt.
Sales, 38.15%
Govt. Sales,
61.85%
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*includes spare parts sales

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H2 Revenue Break Up – Geographical
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H2 FY21
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H2 FY20
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North, North,
7.53% 5.80%
South, Central, South,
Central, 6.06% 20.53% 9.39%
26.73%
East,
24.70%
West,
24.35%
East,
West, 39.93%
34.98%
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*Accounts for Non-Government sales

**includes spare parts sales and excludes exports

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Standalone Financial Highlights – Annual

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Rs. Cr	FY21	FY20	Y-o-Y(%)	• Revenue increase of 12.45% mainly on account of increased market demand especially commercial sales and growing B2C business • Increase in EBITDA mainly due to increase in sales and sale of products with lower stamping fees • Increase in PAT on account of higher sales and cost cutting measures due to innovation because of our R&D facilities
Revenue from Operations	53.82	47.86	12.45%
Raw Materials	28.52	26.14
Employee Cost	5.24	4.83
Other Expenses	12.23	13.29
Total Expenditure	46.00	44.26
EBITDA	7.82	3.60	117.12%
EBITDA Margin%	14.53%	7.52%	701 bps
Other Income	0.21	1.88
Depreciation	2.88	1.42
Interest	0.22	0.45
Profit Before Tax	4.92	3.61
Tax	1.28	1.02
PAT	3.64	2.59	40.58%
Add: Share of Profit/ (Loss) of Associates	0.00	0.00
Net Profit	3.64	2.59	40.58%
Net Profit Margin%	6.75%	5.40%	135 bps
EPS in Rs.	3.55	2.52	40.87%

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Consolidated Financial Highlights – Annual

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Rs. Cr	FY21	FY20	Y-o-Y(%)	• Revenue increase of 12.45% mainly on account of increased market demand especially commercial sales and growing B2C business • Increase in EBITDA mainly due to increase in sales and sale of products with lower stamping fees • Increase in PAT on account of higher sales and cost cutting measures due to innovation because of our R&D facilities
Revenue from Operations	53.82	47.86	12.45%
Raw Materials	28.52	26.14
Employee Cost	5.24	4.83
Other Expenses	12.23	13.29
Total Expenditure	46.00	44.26
EBITDA	7.82	3.60	117.12%
EBITDA Margin%	14.53%	7.52%	701 bps
Other Income	0.21	1.88
Depreciation	2.88	1.42
Interest	0.22	0.45
Profit Before Tax	4.92	3.61
Tax	1.28	1.02
PAT	3.64	2.59	40.58%
Add: Share of Profit/ (Loss) of Associates	(0.09)	(0.18)
Net Profit	3.54	2.41	46.84%
Net Profit Margin%	6.58%	5.04%	154 bps
EPS in Rs.	3.45	2.35	46.81%

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Annual Revenue Break Up - Segmental

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FY21
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FY20
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Govt. Sales,
25.08%
Non - Govt. Sales,
74.92%
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Non - Govt. Sales,
49.80%
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Govt. Sales,
50.20%
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Annual Revenue Break Up – Geographical*

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FY21
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FY20
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North, North,
South,
6.30% 6.36%
Central, 5.44% Central, South,
20.87% 19.93% 9.11%
East,
25.08%
West,
East,
26.14%
38.46%
West,
42.31%
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*Accounts for Non-Government sales

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Standalone Balance Sheet Highlights - Annual

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Rs. Crs	As on 31st Mar’21	As on 31st Mar’20		Rs. Crs	As on 31st Mar’21	As on 31st Mar’20
Shareholders Funds	73.10	69.47		Non-current Assets	53.53	49.09
Share Capital	10.25	10.25		Property,Plant and Equipment	32.65	32.85
R&S	62.85	59.22		Intangible Assets	6.01	4.68
Non Current Liabilities	0.35	0.43		Goodwill on consolidation	0.00	0.00
Financial Liabilities				Capital work inprogress	0.00	0.00
Borrowing	0.00	0.00		Financial Assets
Other Financial Liabilities	0.00	0.00		Non-current Investments	2.01	2.01
Provision	0.00	0.00		LongTerm Loans & Advances	12.85	9.55
Deferred Tax Liabilities(Net)	0.35	0.43		Current Assets	25.34	29.62
Other Current Liabilities	0.00	0.00		Inventories	13.68	14.23
Current Liabilities	5.42	8.81		Financial Assets
Financial Liabilities				Investments	0.00	0.00
Borrowing	0.00	5.35		Trade Receivables	9.10	9.72
Trade Payables	5.42	3.46		Cash & Cash Equivalent	2.31	5.22
Other Financial Liabilities	0.00	0.00		Bank Balance other than above	0.00	0.00
Provision	0.00	0.00		Other Financial Assets	0.00	0.00
Other Current Liabilities	0.00	0.00		Current Tax Assets	0.00	0.00
Current Tax Liabilities(Net)	0.00	0.00		Other Current Assets	0.25	0.46
Total Equities & Liabilities	78.87	78.72		Total Assets	78.87	78.72

Company issued Bonus Equity Shares in Oct FY20 in ratio 1:4

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Consolidated Balance Sheet Highlights - Annual

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Rs. Crs	As on 31st Mar’21	As on 31st Mar’20		Rs. Crs	As on 31st Mar’21	As on 31st Mar’20
Shareholders Funds	72.75	69.21		Non-current Assets	53.17	48.84
Share Capital	10.25	10.25		Property,Plant and Equipment	32.65	32.85
R&S	62.50	58.96		Intangible Assets	6.01	4.68
Non Current Liabilities	0.35	0.43		Goodwill on consolidation	0.00	0.00
Financial Liabilities				Capital work inprogress	0.00	0.00
Borrowing	0.00	0.00		Financial Assets
Other Financial Liabilities	0.00	0.00		Non-current Investments	1.66	1.75
Provision	0.00	0.00		LongTerm Loans & Advances	12.85	9.55
Deferred Tax Liabilities(Net)	0.35	0.43		Current Assets	25.34	29.62
Other Current Liabilities	0.00	0.00		Inventories	13.68	14.23
Current Liabilities	5.42	8.81		Financial Assets
Financial Liabilities				Investments	0.00	0.00
Borrowing	0.00	5.35		Trade Receivables	9.10	9.72
Trade Payables	5.42	3.46		Cash & Cash Equivalent	2.31	5.22
Other Financial Liabilities	0.00	0.00		Bank Balance other than above	0.00	0.00
Provision	0.00	0.00		Other Financial Assets	0.00	0.00
Other Current Liabilities	0.00	0.00		Current Tax Assets	0.00	0.00
Current Tax Liabilities(Net)	0.00	0.00		Other Current Assets	0.25	0.46
Total Equities & Liabilities	78.52	78.46		Total Assets	78.52	78.46

Company issued Bonus Equity Shares in Oct FY20 in ratio 1:4

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Company Overview

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Company Overview

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Leading manufacturer of Electronic Weighing Scales & Systems and Digital Fare Meters

Strong Geographical Presence

• Installations across 5 countries

• Incorporated in 1989

• Middle East, SAARC and African Countries

• Develops and sells products under own registered brand ‘PHOENIX’

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Experienced Management Team

State of Art Integrated Manufacturing Facilities & R&D center

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• Strong Management team with over 30 years of experience

• Factory : Parwanoo, Himachal Pradesh Dhule, Maharashtra

• Backed by skilled & experienced team

• Head Office : Dhule, Maharashtra

• R&D Centre in Dhule, Maharashtra

Efficient Sales and Distribution Network

Diversified Product Portfolio

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03 06
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• Electronic Weighing Scales and Systems

• 17 branches across Maharashtra, Odisha and Chhattisgarh

• Electronic Currency Counting Machines

• About 400 dealer network across India

• Tailor-made ERP Software for efficient management and real-time reports

• Digital Fare Meters

• Home and Hotel Automation

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Timeline

• Awarded with Jamanalal Bajaj Uchit Vyavahar Puraskar for fair trade at national level

• Certified by American Quality Assessors as ISO 9001 Company

• Registered as “Private limited Company”

• Started new Manufacturing Unit at Parwanoo, Himachal Pradesh

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• Developed and installed CGMS and MAA in Aanganwadis all over India to control malnutrition amongst children - huge orders under WCD department of Govt. of India

• Sponsored state level table tennis tournament as ‘PHOENIX CUP’

• Started new range of products – Currency Counting Machines

• Listed on “NSE SME “ Platform

• Launched Bluetooth technology and Android apps with various weighing scales

• Implemented tailor-made ERP – improving productivity, efficiency & GST compliant

1989-1994 2006-2009 2018-2021 1998-2003 2011-2017

• Started as partnership firm in small town of Maharashtra i.e., Dhule with registered Trademark “PHOENIX’

• Awarded with “ Best Entrepreneur Award” by Government of

Maharashtra

• Started manufacturing unit at Silvassa (UT of D&NH)

• Ventured into Government Supplies (State as well as Central government)

• Additional Expansion at Parwanoo Unit

• Launched health range products including BMI machine

• Launched fare meter range of products

• New plant commenced operations (in Dhule, Maharashtra with land area of 8 acres)

• Launched Currency Value Counting Machine, EMFR (Analytical Weighing Balances), Infant meters, Stadiometers, Dial Type Weighing Scales, RFID Access Control, Person Weighing Scale - fat & total body analysis with Bluetooth App & ABS body & Audio Door Phone

• Started branch offices in Maharashtra – Aurangabad, Ahmednagar & Parbhani, one in Bhubaneshwar, Odisha

• Issuance of Bonus Equity Shares in ratio 1:4

• Participated in exhibitions in Gujarat & Maharashtra

• Received ISI mark for Dhule MIDC manufacturing unit

• Received CE certification for hanging scales, platform and NLB series

• Migrated from NSE SME to NSE Main Board in April’21

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Management Team

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Mrs. Shakuntala R. Bhatwal Women Whole Time Director

Mr. Rajesh R. Bhatwal Chairman & Managing Director

• Over 31 years of experience in Electronics Weighing Scales

• Over 32 years of experience

• Strong business acumen, ethical, perseverant approach towards business & focused visionary personnel

• Responsibilities include overseeing manufacturing activities, sourcing of components, administrative work, etc.

• Strong experience in designing, approving & establishing, manufacturing set up, short term & long-term business goals and quality management

• Good Strategic planner with strong business development skills

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Mr. Ajay Bhatwal VP Marketing

Mr. Hung Sin Whole Time Director

• 29 years of professional experience in business management

• Over 18 years of rich experience in marketing & 10 years in finance

• Responsible for production ▪ Responsible for system planning, marketing, liaison development with government agencies ▪ Chartered Accountant and sourcing of raw shouldering responsibility materials

  • shouldering responsibility of developing and handling dealers' network

• Strong experience in relationship development

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Mr. Kailas Agrawal Chief Financial Officer

• Over 20 years of experience in finance

• Responsible for statutory compliance of company with NSE

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Key Strengths

Diversified Product Range

• Offering entire range of Electronic Weighing Scales catering to jewelry, commercial, industrial, health and household markets

• Currency counting machines with counterfeit note detection and value counting machines

• Taxi/ Rikshaw fare meters

• Home and Hotel Automation

• Marketing approximately 232 products in Domestic and overseas market with continuous

Experienced Management Team

• Chairman Mr. Rajesh Bhatwal is engaged in weighing scales and other electronic products’ business for around three decades

• Well equipped & dedicated personnel with expertise in development, manufacturing, sales and administration - ensures smooth

• functioning of organization

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Strong R&D

• In-house R&D Center at Dhule, Maharashtra

• Strong team of ~ 15 expert engineers – continued focus on knowledge & skill upgradation

• innovations

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High Quality Assurance &

Service Support

• ISO 9001 : 2015 certified by American Quality Assessors

• Awarded with quality certification from bureau of Indian Standards

Scalable Business Model

• Customer centric and market driven

• Optimum utilization of resources assuring quality products that enable to achieve economies of scale

• Development of new market and products by exploring customer needs, marketing expertise by maintaining quality output

Competitive Rates

• Continuous development and sourcing along with in-house manufacturing strengthens

• Our Motto “Quality products at reasonable price”

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SWOT Analysis

S trengths

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• Promoter wants to increase stake

• Zero debt Company

• New manufacturing unit at Dhule with technologically advanced machineries and close supervision by management, enhances mass production and quality of goods

• Efficient and talented Research & Development team

• Dedicated and strong Marketing Team

O pportunities

• Opportunities are being generated for manufacturing products in bulk as OEM, due to new manufacturing unit

• Increase sales by digital media marketing and e- commerce

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Weaknesses

Due to increase in demand and newly setup manufacturing unit, raw material procurement is currently posing challenge. However, efforts are being made to develop new vendors and also for work delegation

Threats

• Unorganized market and grey market

• • Regulatory risk

• Increased demand for commercial weighing scales due to COVID situation

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Business Overview

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Domestic Industry Opportunity

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Weighing Scales

• Weighing scale plays mandatory and important role in day-to-day life

▪ Weighing solutions starting from milligrams to tons including :

✓ Person weighing scales

• ✓ Jewellery scales with 10 mg accuracy

✓ Tabletop scales upto 30 kg capacity

✓ Platform scales upto 5-ton capacity

• ✓ Crane scales upto 20-ton capacity

• ✓ Weigh bridge upto 100-ton capacity Are demanded from market.

▪ Jewellers, homes, retailers, wholesalers, hospitals and health centers, post offices, banks and paper industries, logistics, dairies, mills and industries, building and construction, Government segment form major part of market

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Currency Counting Machines

• Cash counting and counterfeit note detection is process widely required with high speed and accuracy

• PLNC 3|4 – Currency counting machine with counterfeit note detection

• PVC-101 – Mix note value counter with counterfeit note detection

• are demanded from market

▪ Banks, jewelers, retailers, wholesalers, commercial establishments, petrol pumps, hospitals and health centers, cinema halls, educational institutions; Government segments: post offices, railways; form major part of market

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Diversified Product Portfolio…

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Industrial Range Commercial Range ▪ Electronic Weigh Bridges ▪ Currency Counting Machine ▪ Crane Scale ▪ Tabletop Weighing Scales ▪ Pallet Scale ▪ Platform Weighing Scales

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Jewellery Range ▪ High Accuracy Weighing Balances

…Catering to various sectors

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Diversified Product Portfolio…

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Healthcare Range Household Range ▪ Baby Weighing Machines ▪ Personal Weighing Scale ▪ Body Mass Index (BMI) ▪ Kitchen Scales Machines ▪ Adult Weighing Scales

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Automobile Range ▪ Electronic Fare Meters for auto rickshaws and taxis

…Catering to various sectors

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Diversified Product Portfolio

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Product Name	Product	Description / Application
Jewellery Scale		▪Used in Jewellery Shops & Laboratories / Paper Industries ▪Highest accuracy of 10 mg ▪Carat counting, percentage & GSM functions
Tabletop Scale		▪Used by Departmental Stores, Grocery Shops, Packaging Industries etc. ▪Various models and platter sizes are available. ▪Accessories suiting various customer applications
Price Computing Scale		▪Used by Departmental Stores, Grocery Shops, Sweet Shops etc. ▪Data of 500 commodities can be entered using keyboard or can be downloaded from computer ▪Bills and reports can be printed directly from weighing scale
Piece Counting Scale		▪Used by Industries like Spare parts weighing and Automobile Industry ▪Displays Weight, Unit, Unit Weight & Count ▪Accessories like 3-LED are widely demanded for packing application
Platform Scale		▪Used for all heavy-duty applications ▪Rugged construction with stainless steel / MS platform ▪Hi-tech and wireless displays available

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Product Name	Product	Description / Application
Hanging Scales		▪Used at Steel Plants, Dockyards, Fabricators, Vehicle Junk Yards, Construction Sites, Foundries ▪IR Remote Control Operation ▪Pocket scale is widely used for weighing gas cylinders and at airports
Industrial Scales		▪Very sturdy Pallet Truck with weighing mechanism used at industries, warehouse, godowns and dockyards. ▪Milk weighing systems are microprocessor based fully electronic weighing systems used by Dairies and Milk Product Manufacturers ▪Weigh bridges are used for Truck Weighing
Baby Weighing Scale		▪Ideal for maternity hospitals, Pediatricians, Aanganwadis & Health Care centers ▪Portable and sturdy design with baby bowl designed as per Govt. norms ▪Child Growth Monitoring System (CGMS) gives result of child comprising of growth charts namely UNDERWEIGHT, STUNTING and WASTING. It gives category of Underweight, Stunting and Wasting as well as shows amount of Underweight and stunting of child
Adult Weighing Scale		▪Ideal for Clinics/Hospitals/ Fitness centers ▪Heavy duty, stable platform made up of cast-iron ▪Unique design ensuring easy readability of display
Portable Adult Scale		▪Ideal for Clinics, Hospitals, Fitness centers and households ▪Available in LED and LCD display with low power consumption ▪BMI and Bluetooth app features are available

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Diversified Product Portfolio

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Product Name	Product	Description / Application
Kitchen Scales		▪Specially designed to weigh recipe items accurately ▪Light weight, Portable
Body Mass Index (BMI) Scale		▪ Ideal for Hospitals, Clinics, Schools, Health clubs, Physical examination centers, Gym etc. ▪Automatically measures weight, height & body mass index. It also displays, how much over / under weight person is ▪Available with GSM (SMS), printer options
Currency Counting Machine		▪Used in Banks, Malls, Hospitals, Shops ▪In-built Counterfeit Note Detection System ▪Value counting machine
Electronic Fare Meter		▪Compact, rugged, designed to be adaptable to diverse range of working locations and environment ▪Separate display fields for fare, waiting time and distance travelled ▪Approved by RTO Department
Home Automation		▪Access control system, video door phones, audio door phones and remote locks for home security and convenience ▪Wired as well as wireless models are available

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	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 in vertical position
			▪Weighing Scale for infant – spring type, measures weight of hild using
			sling and/or weighing trouser

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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 force restoration technique to find weight of object, is highly sensitive and provides high resolution. Provides weighing accuracy of upto 0.1 mg. Applicable in laboratories, pharmaceutical companies, jewelers etc.

▪ Audio Door Phone : ADP-101 - launched under ‘Home Automation’ segment, consists of outdoor bell and indoor phone, user can communicate with visitor at his doorstep and can unlock door for visitor using indoor phone

▪ Person Weighing Scale – available in light blue and pink colour with LCD or LED display choices. It is light weight and sturdy specially designed for consumer market

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State of art Manufacturing Facility - New

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Dhule, Maharashtra
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• 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 building - area of 650 sq. meters

• ✓ Administration Office - 3,000 sq. meters

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• Production Capacity - 4000 machines per day

• 4 production lines which is covered with epoxy coating

• Expected staff - Nearly about 350

• Versatile and universal set-up - can accommodate production of many other electronic items (planned to be developed over coming years)

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State of art Manufacturing Facility

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Parwanoo, Himachal Pradesh
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▪ Installed Capacity - 400 machines per day ▪ Total Area – about 15,000 sq. ft. ▪ Tool Room section and Molding shop – have been shifted to new facility at Dhule, Maharashtra ▪ Other machineries - wave soldering machine, automatic calibration machines, conveyor belts ▪ Systematic workflow - departments like material receiving, inward, stores, preparation, production, quality checking, packing and dispatch follow strict procedures as per ISO standards

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▪ Staff – nearly 65 skilled workers

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Wide Distribution Network

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Domestic ▪ Pan India presence ▪ 17 branches across Maharashtra, Odisha and Chhattisgarh ▪ About 400 dealer network across India International ▪ UAE, Nepal, Sri Lanka, Malavi (Africa)

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More than 10 lakh satisfied customers and counting!!

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Strong R&D – ‘Innovation Room’

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• 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 Designing PCB schematic and layout done on latest softwares & due to our expertise - can design flawless PCBs as per required features and sizes

• 3D product and dye designing: Experienced and trained staff for designing in ‘Solid Edge’ software

• Developed in-house competency for designing elegant

• machines and their required injection molding dyes

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Our strong R&D – key differentiator – keeping us one step ahead always!

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Way Ahead

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Way Ahead

Vision

Marketing:

▪ Enhancing Brand Image ▪ through increased spend on advertisements and other promotional ▪ activities through different mediums like TV, print, internet, etc. ▪ ▪ Appointment of additional Dealers & Agents for marketing new New Manufacturing ranges of products Unit: ▪ ▪ New manufacturing facility complete - worldclass machineries and facilities in Dhule, Maharashtra ▪ New facility has commenced its commercial operations

▪ Achieve Rs. 100 crore topline within next 3 years

Penetrate analytical balances market for increased profitability Develop and launch new products – sell in existing customer segment via present marketing network Constantly evolve and develop newer models as per market requirements to retain leadership

New products:

▪ Electronic Cash Registers

▪ Weighing Solution for APMC Market Yards ▪ Video Door Phones

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Thank You

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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-ir.com

www.nitiraj.net

www.bridge-ir.com

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