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WPIL Ltd — Interim / Quarterly Report 2023
May 22, 2023
62191_rns_2023-05-22_1fff3457-8ef8-47f9-b105-4980db555c17.pdf
Interim / Quarterly Report
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22 "[11 ] May, 2023
The Listing Compliance BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001.
Dear Sir/ Madam,
Subject: Intimation of schedule of Investor/ Analyst meeting under regulation 30{6) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Ref: BSE Scrip code 505872
With reference to the subject cited above, we hereby inform you that, pursuant to Regulation 30(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the schedule of Investor/Analyst meeting to be participated by the Company, hosted by Valorem Advisors are furnished in a separate sheet attached.
Thanking you
Yours faithfully,
For WPIL Limited
V· (U.Chakravarty) General Manager (Finance) & Company Secretary
Enclosed As above.
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WORKS: PANIHATI: 22, FERRY FUND ROAD (PANIHATI), KOLKATA- 700 114, TEL.: (033) 2583 3459 GANIPUR: BIREN ROY ROAD (WEST), GANIPUR, 24 PGS (S), KOLKATA- 700 141, PH.: 8100391197, (033) 24880976 GHAZIABAD : A-5, SECTOR - XXII, MEERUT ROAD, GHAZIABAD - 201 003, UTTAR PRADESH, TEL.: (0120) 3015 784 / 703 / 711, FAX: (0120) 3015 740
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Earnings Conference Call Invite
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VALOREM ADVISORS
is pleased to invite you for a conference call to discuss Q4-FY23/FY23 earnings of
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WPIL LIMITED
on Tuesday, 23[rd] May, 2023 at 4:00 pm (IST)
Management will be represented by:
Prakash Agarwal - Managing Director K. K. Ganeriwala - Executive Director
Dial in details
Universal Dial in: +91 22 6280 1341 / +91 22 7115 8242
International Numbers
USA Toll Free Number : 18667462133 UK Toll Free Number : 08081011573 Singapore Toll Free Number : 8001012045 Hong Kong Toll Free Number : 800964448 Thailand Toll Free Number : 00180014243444 Italy Toll Free Number : 0080014243444 France Toll Free Number : 0800914745 Australia Toll Free Number : 1800053698
Accessible from all carriers.
Click below to connect your call Toll Free Number : without having to wait for an operator! https://services.choruscall.in/DiamondPassRegistration/register?confirmation Number=3244046&linkSecurityString=1114d754c2
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Phone: +91-22-49039500 | Email: [email protected]
| Website: www.valoremadvisors.com
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Q4-FY23/ FY23
1
EARNINGS PRESENTATION
Company Snapshot
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Market Leader
12 Strategic International End to End
Rich Experience in Pumps &
Manufacturing Presence Across Integrated
of 71 Years Pumping
Locations 8 Locations Pumping Solutions
Systems
Strong global
presence via Consolidated Partner of choice Proud to be part of
focused Orderbook ~ for engineered Jal Jeevan Mission
acquisitions and INR 46,161 Mn flow applications of GOI
joint ventures
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2
EARNINGS PRESENTATION
Company Overview
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Operating Revenue (INR Mn) and EBITDA Margins (%)
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WPIL Limited is a multinational pumps and systems company, headquartered out of India, with diversified operations covering the entire gamut of the pumping industry incorporated in 1952.
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The Company has to its credit a rich experience of more than 71 years in Designing, Developing, Manufacturing, Erecting, Commissioning and Servicing of Pumps & Pumping Systems.
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Over the 1st 50 years, the company focused on developing its core technology of centrifugal pumps and building a robust manufacturing infrastructure to support its business. This was built in tandem with India’s industrial growth and the company is proud to be major part of the Conventional Power growth story. A large installed base across the country, across industry, irrigation and water supply sectors lies testimony to its growth.
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After consolidating its position as a leading pump and pumping systems company in India, the company expanded its operations globally and now has operations in Italy, France, Switzerland, South Africa, Australia and Thailand through its Group companies.
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Constant investment in manufacturing and R&D supported by 12 manufacturing locations covering the entire process of pump manufacture from casting, fabrication, machining, assembly and testing have allowed it to deliver great value to its client by enhancing efficiencies at every step.
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The company continues its expansion into newer markets and is focused on becoming a Global leader in its sector.
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Expansion in the turn-key water project space required building out Civil construction capabilities internally, adjacent to the firm’s fundamental expertise in creating pumping systems targeting presence in the unsaturated Indian market before heading overseas.
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Looking ahead, WPIL envisions vast growth potential in both its core markets – engineered flow control products and turnkey water projects.
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20,000 17,848 50.
18,000 45.
16,000 40.
14,000 11,813 35.
12,000 9,948 30.
10,000 9,089 25.
17.81% 18.19%
8,000 15.73% 20.
6,000 13.22% 15.
4,000 10.
2,000 5.0
- 0.0
FY20 FY21 FY22 FY23
Revenue EBITDA Margin
FY23 Geographical Revenue (%)
International
44%
India
56%
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3
EARNINGS PRESENTATION
Global Operations
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FY23 Revenue Mix (INR Mn)
- After 10 years of growth in exports and experience in global markets it was clear that the next step would need strong local presence as the engineered pumps clients need life cycle support which has to be built on long term relationships.
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International
India
7,824
10,024
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Over the years, WPIL Ltd. conducted extensive diligence to identify 3 regions (7 companies) – Italy (Gruppo Aturia, Rutschi, –
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Finder), South Africa (APE Pumps, Mather & Platt), and Australia (Sterling Pumps, United Pumps) that would facilitate the journey of adding new flow control products and industry-leading clients. By acquiring these, WPIL Ltd. cements position as a world player.
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Today, these businesses are well integrated and the Group looks ahead to further inorganic growth following its ethos of building on competencies and synergies.
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Gruppo Aturia
AUDOLI &BERTOLA CHIAPPAARIS Italy
India
Australia
South Africa
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Total : ~ 17,848 INR Mn
Large engineering and back-office team remains in India
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Australia
South
45
Africa
120
Italy India
260 600
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Total : ~1,025 Manpower
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EARNINGS PRESENTATION
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4
India Operations - State-of-art manufacturing facilities
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Delhi Industrial Pump Division is Located about 20 KM from Delhi, the plant has ~49,000 sq. metres of floorspace Nagpur Engineered Pump Division is Located about 26 KM from Nagpur, the plant has ~70,000 sq. metres of floorspace Thane
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Kolkata
Engineered Pump Division is Located about 25 KM from Kolkata, the plant has ~20,000 sq. metres of floorspace
Drainage Pump Division is
Located about 21 KM from Mumbai, the plant has ~6,000 sq. metres of floorspace
5
EARNINGS PRESENTATION
Business Structure
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WPIL Ltd.
International
India
44%
56%
Project Product South Africa Italy Australia
78% 22% 12% 78% 10%
Gruppo Aturia
Conventional Engineered Drainage
Irrigation Municipal Industry
Pumps Pumps Pumps AUDOLI & ARIS
BERTOLA CHIAPPA
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% numbers are revenue share as on FY23 end
6
EARNINGS PRESENTATION
Varied Range of Applications
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Industrial
Irrigation
Large lift irrigation networks to provide surface water to farmers and borehole installations for ground water to smaller farmers. New piped irrigation schemes for more efficient utilization of water.
Used in industries for variety of purposes such as fire fighting, sewage, chemicals, pulp and paper, steel, heating & cooling of systems, washing, storage, general industry and other industrial applications.
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Fire Fighting
Oil and Gas
Solutions for Off- shore/ On shore infrastructures, mining, petrochemicals industries, refineries, civil and industrial plants.
Chemical and petrochemical plants, off-shore plants, oil and gas plants, energy installations.
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Municipal
Water Supply & Drainage solutions for Rural and Urban Utilities including Raw water Intakes, treatment plants , reservoirs and distribution networks.
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Conventional and Nuclear Power
Cooling, drainage, dewatering, seal water and fire-fighting pumps across Thermal and Nuclear power plant.
7
EARNINGS PRESENTATION
Value Proposition
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Global Operations Strong R&D
Forward integrated Wide product basket
Dominant player in supported by Marquee clients recognized by Govt.
by providing Turnkey catering to a
Industrial Pump subsidiaries and from Top class Of India and
solutions and O&M widespread market
Sector agent network and industries supported by Global
services segment
service centers R&D center in Milan
Domain expertise Strong opportunities
Offers 50% Amongst the Market Diversified product
enhanced by global for large organized
customization in Leaders in Pumping portfolio catering to
acquisitions & players in the
Pumping Segment Solutions vast applications
mergers segment
Improved margin
Healthy return ratios
profile over the
and zero net debt
years
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8
EARNINGS PRESENTATION
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Q4-FY23/ FY23 Financial Overview
9
EARNINGS PRESENTATION
Financial Highlights
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| INR 3,515 Mn Operating Income INR 755 Mn Operating EBITDA 21.48% Operating EBITDA Margins INR 586 Mn Net Profit 16.67% PAT Margins INR 60.03/Share Diluted EPS Q4-FY23 Standalone Performance FY23 Standalone Performance INR 10,024 Mn Operating Income INR 1,430 Mn Net Profit INR 1,760 Mn Operating EBITDA 14.27% PAT Margins 17.56% Operating EBITDA Margins INR 146.44 /Share Diluted EPS |
INR 3,515 Mn Operating Income INR 755 Mn Operating EBITDA 21.48% Operating EBITDA Margins INR 586 Mn Net Profit 16.67% PAT Margins INR 60.03/Share Diluted EPS Q4-FY23 Standalone Performance FY23 Standalone Performance INR 10,024 Mn Operating Income INR 1,430 Mn Net Profit INR 1,760 Mn Operating EBITDA 14.27% PAT Margins 17.56% Operating EBITDA Margins INR 146.44 /Share Diluted EPS |
INR 5,741 Mn Operating Income INR 1,191 Mn Operating EBITDA 20.75% Operating EBITDA Margins INR 794 Mn Net Profit 13.83% PAT Margins INR 73.17 /Share Diluted EPS Q4-FY23 Consolidated Performance FY23 Consolidated Performance INR 17,848 Mn Operating Income INR 2,197 Mn Net Profit INR 3,246 Mn Operating EBITDA 12.31% PAT Margins 18.19% Operating EBITDA Margins INR 193.68 /Share Diluted EPS |
INR 5,741 Mn Operating Income INR 1,191 Mn Operating EBITDA 20.75% Operating EBITDA Margins INR 794 Mn Net Profit 13.83% PAT Margins INR 73.17 /Share Diluted EPS Q4-FY23 Consolidated Performance FY23 Consolidated Performance INR 17,848 Mn Operating Income INR 2,197 Mn Net Profit INR 3,246 Mn Operating EBITDA 12.31% PAT Margins 18.19% Operating EBITDA Margins INR 193.68 /Share Diluted EPS |
INR 5,741 Mn Operating Income INR 1,191 Mn Operating EBITDA 20.75% Operating EBITDA Margins INR 794 Mn Net Profit 13.83% PAT Margins INR 73.17 /Share Diluted EPS Q4-FY23 Consolidated Performance FY23 Consolidated Performance INR 17,848 Mn Operating Income INR 2,197 Mn Net Profit INR 3,246 Mn Operating EBITDA 12.31% PAT Margins 18.19% Operating EBITDA Margins INR 193.68 /Share Diluted EPS |
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| INR 10,024 Mn Operating Income INR 1,430 Mn Net Profit |
INR 1,760 Mn Operating EBITDA 14.27% PAT Margins |
INR 3,246 Mn Operating EBITDA 12.31% PAT Margins |
18.19% Operating EBITDA Margins INR 193.68 /Share Diluted EPS |
10
EARNINGS PRESENTATION
Operational Highlights
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Key Highlights for Q4-FY23/FY23
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Strong revenue growth driven by international business and turnkey project business
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Standalone business revenues nearly doubled to INR 1,002 crore from INR 530 crore
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International operations grew to INR 794 crore from INR 664 crore
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Stabilizing commodity prices supported strong margin performance across businesses
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International business driven by strong performances in infrastructure development in the MENA region
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Continued focus on the Jal Jeevan Mission and AMRUT 2 augurs well for the medium term with new contract wins
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The outlook on nuclear business in Europe is extremely encouraging for Rutschi business
11
EARNINGS PRESENTATION
Segmental Revenue
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Product Revenue (INR Mn)
3,000 50.00%
1.2
2,570 45.00%
2,500
1 2,046 40.00%
35.00%
2,000
0.8 27.41% 23.42% 30.00%
1,500 25.00%
0.6
20.00%
1,000
0.4 15.00%
10.00%
0.2 500
5.00%
0 - 0.00%
Q4-FY22 Q4-FY23
Revenue EBIT Margin
10,000 9,027 50.00%
9,000 45.00%
8,000 7,577 40.00%
7,000 35.00%
6,000 30.00%
5,000 19.29% 25.00%
4,000 16.39% 20.00%
3,000 15.00%
2,000 10.00%
1,000 5.00%
- 0.00%
FY22 FY23
Revenue EBIT Margin
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Project Revenue (INR Mn)
3,500 50.00%
1.2 3,171
45.00%
3,000
1 40.00%
2,500 35.00%
2,180
0.8
30.00%
2,000 21.91% 25.00%
0.6
1,500
17.24% 20.00%
1,000 0.4 15.00%
10.00%
500 0.2
5.00%
- 0 0.00%
Q4-FY22 Q4-FY23
Revenue EBIT Margin
10,000 8,821 50.00%
9,000 45.00%
8,000 40.00%
7,000 35.00%
6,000 30.00%
5,000 25.00%
4,236
18.22%
4,000 20.00%
3,000 15.00%
2,000 17.26% 10.00%
1,000 5.00%
- 0.00%
FY22 FY23
Revenue EBIT Margin
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12
EARNINGS PRESENTATION
Order Book
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Domestic Order Book (INR Mn)
39,550
40,000
35,000
30,000 28,040
24,117
25,000
20,000 18,274
15,000
10,000
5,000
-
FY20 FY21 FY22 FY23
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FY23 International Order Book Breakup (%)
South Africa
13%
Italy Australia
67% 20%
Total : ~ 6,610 INR Mn
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13
EARNINGS PRESENTATION
Quarterly Standalone Financial Performance
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| Particulars (INR Mn) | Q4-FY23 | Q3-FY23 | Q-o-Q | Q4-FY22 | Y-o-Y |
|---|---|---|---|---|---|
| Revenue from Operations | 3,515 | 2,728 | 28.8% | 2,470 | 42.3% |
| Operating Expenses | 2,760 | 2,257 | 22.3% | 2,068 | 33.5% |
| EBITDA | 755 | 471 | 60.3% | 402 | 87.8% |
| EBITDA Margins (%) | 21.48% | 17.27% | 421 Bps | 16.28% | 520 Bps |
| Depreciation | 13 | 13 | NA | 16 | (18.8)% |
| Finance Cost | 38 | 30 | 26.7% | 32 | 18.8% |
| Other Income | 56 | 231 | (75.8)% | 75 | (25.3)% |
| PBT | 760 | 659 | 15.3% | 429 | 77.2% |
| Taxes | 174 | 172 | 1.2% | 110 | 58.2% |
| PAT | 586 | 487 | 20.3% | 319 | 83.7% |
| PAT Margins (%) | 16.67% | 17.85% | (118) Bps | 12.91% | 376 Bps |
| Other Comprehensive Income | (1) | (1) | NA | 2 | NA |
| Total Comprehensive Income | 585 | 486 | 20.4% | 321 | 82.2% |
| Diluted EPS (INR per share) | 60.03 | 49.84 | 20.4% | 32.66 | 83.8% |
14
EARNINGS PRESENTATION
Annual Standalone Financial Performance
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| Particulars (INR Mn) | FY23 | FY22 | Y-o-Y |
|---|---|---|---|
| Revenue from Operations | 10,024 | 5,298 | 89.2% |
| Operating Expenses | 8,264 | 4,432 | 86.5% |
| EBITDA | 1,760 | 866 | 103.2% |
| EBITDA Margins (%) | 17.56% | 16.35% | 121 Bps |
| Depreciation | 55 | 56 | (1.8)% |
| Finance Cost | 121 | 89 | 36.0% |
| Other Income | 317 | 141 | 124.8% |
| PBT | 1,901 | 862 | 120.5% |
| Taxes | 471 | 223 | 111.2% |
| PAT | 1,430 | 639 | 123.8% |
| PAT Margins (%) | 14.27% | 12.06% | 221 Bps |
| Other Comprehensive Income | (3) | 0 | NA |
| Total Comprehensive Income | 1,427 | 639 | 123.3% |
| Diluted EPS (INR per share) | 146.44 | 65.40 | 123.9% |
15
EARNINGS PRESENTATION
Quarterly Consolidated Financial Performance
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| Particulars (INR Mn) | Q4-FY23 | Q3-FY23 | Q-o-Q | Q4-FY22 | Y-o-Y |
|---|---|---|---|---|---|
| Revenue from Operations | 5,741 | 5,072 | 13.2% | 4,226 | 35.8% |
| Operating Expenses | 4,550 | 4,012 | 13.4% | 3,308 | 37.5% |
| EBITDA | 1,191 | 1,060 | 12.4% | 918 | 29.7% |
| EBITDA Margins (%) | 20.75% | 20.90% | (15) Bps | 21.72% | (97) Bps |
| Depreciation | 90 | 94 | (4.3)% | 103 | (12.6)% |
| Finance Cost | 80 | 55 | 45.5% | 42 | 90.5% |
| Other Income | 50 | 157 | (68.2)% | 61 | (18.0)% |
| Share of profit of an Associate and Joint Venture | 16 | 0 | NA | 8 | NA |
| PBT | 1,087 | 1,068 | 1.8% | 842 | 29.1% |
| Taxes | 290 | 231 | 25.5% | 235 | 23.4% |
| Profit/(Loss) from discontinued operations | (3) | (0) | NA | (0) | NA |
| PAT | 794 | 837 | (5.1)% | 607 | 30.8% |
| PAT Margins (%) | 13.83% | 16.50% | (267) Bps | 14.36% | (53) Bps |
| Other Comprehensive Income | (99) | 324 | NA | 121 | NA |
| Total Comprehensive Income | 695 | 1,161 | (40.1)% | 728 | (4.5)% |
| Diluted EPS (INR per share) | 73.17 | 71.47 | 2.4% | 50.45 | 45.0% |
16
EARNINGS PRESENTATION
Annual Consolidated Financial Performance
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| Particulars (INR Mn) | FY23 | FY22 | Y-o-Y |
|---|---|---|---|
| Revenue from Operations | 17,848 | 11,813 | 51.1% |
| Operating Expenses | 14,602 | 9,710 | 50.4% |
| EBITDA | 3,246 | 2,104 | 54.3% |
| EBITDA Margins (%) | 18.19% | 17.81% | 38 Bps |
| Depreciation | 358 | 373 | (4.0)% |
| Finance Cost | 247 | 199 | 24.1% |
| Other Income | 282 | 86 | NA |
| Share of profit of an Associate and Joint Venture | 27 | 13 | NA |
| PBT | 2,950 | 1,631 | 80.9% |
| Taxes | 750 | 448 | 67.0% |
| Profit/(Loss) from discontinued operations | (3) | (1) | NA |
| PAT | 2,197 | 1,182 | 85.9% |
| PAT Margins (%) | 12.31% | 10.01% | 230 Bps |
| Other Comprehensive Income | (125) | 73 | NA |
| Total Comprehensive Income | 2,072 | 1,255 | 65.1% |
| Diluted EPS (INR per share) | 193.68 | 99.65 | 94.4% |
17
EARNINGS PRESENTATION
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Historical Financial Overview
18
EARNINGS PRESENTATION
Standalone Financial Performance
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| Particulars (INR in Mn) | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue from Operations | 3,719 | 3,403 | 5,298 | 10,024 |
| Operating Expenses | 3,086 | 2,631 | 4,432 | 8,264 |
| EBITDA | 633 | 772 | 866 | 1,760 |
| EBITDA Margins (%) | 17.02% | 22.69% | 16.35% | 17.56% |
| Depreciation | 57 | 55 | 56 | 55 |
| Finance Cost | 102 | 96 | 89 | 121 |
| Other Income | 301 | 172 | 141 | 317 |
| PBT | 775 | 794 | 862 | 1,901 |
| Taxes | 182 | 197 | 223 | 471 |
| PAT | 593 | 597 | 639 | 1,430 |
| PAT Margins (%) | 15.93% | 17.55% | 12.06% | 14.27% |
| Other Comprehensive Income | (3) | 3 | 0 | (3) |
| Total Comprehensive Income | 590 | 600 | 639 | 1,427 |
| Earnings Per Share (EPS) | 60.66 | 61.15 | 65.40 | 146.44 |
19
EARNINGS PRESENTATION
Standalone Balance Sheet
| Particulars (INR Mn) | FY21 | FY22 | FY23 |
|---|---|---|---|
| EQUITY AND LIABILITIES | |||
| a) Equity Share Capital b) Other Equity Shareholders Fund |
98 4,603 4,700 |
98 5,143 5,241 |
98 6,472 6,570 |
| Non-Current Liabilities | |||
| a) Financial Liabilities | |||
| i) Borrowings | 7 | 6 | 4 |
| ii) Lease Liability | 54 | 34 | 2 |
| iii) Provisions | 36 | 41 | 67 |
| c) Deferred tax liabilities (net) | 12 | - | - |
| Total Non-current Liabilities | 109 | 81 | 73 |
| Current Liabilities | |||
| a) Contract Liabilities | 1,010 | 933 | 1,409 |
| b) Financial Liabilities | |||
| i) Borrowings | 57 | 362 | 405 |
| ii) Lease Liability | 24 | 32 | 30 |
| iii) Trade payables | 735 | 2,198 | 2,894 |
| iii) Other financial liabilities | 20 | 21 | 30 |
| c) Other current liabilities | 38 | 37 | 127 |
| d) Provisions | 50 | 49 | 47 |
| e) Current tax liabilities | 44 | 32 | 30 |
| Total Current Liabilities Total Equity and Liabilities |
1,978 6,787 |
3,664 8,986 |
4,972 11,615 |
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| Particulars (INR Mn) | FY21 | FY22 | FY23 |
|---|---|---|---|
| ASSETS | |||
| Non-Current Assets | |||
| a) Property, Plant and Equipment | 366 | 341 | 741 |
| b) Capital Work-in-progress | - | - | 1 |
| c) Goodwill | 137 | 137 | 137 |
| d) Other Intangible Assets | 2 | 2 | 3 |
| e) Financial Assets | |||
| i) Investments | 490 | 490 | 490 |
| ii) Trade Receivables | 376 | 495 | 819 |
| iii) Loans and Deposits | 1,502 | 1,738 | 1,849 |
| iv) Other Financial Assets | 39 | 49 | 60 |
| f) Deferred Tax Assets | - | (2) | 3 |
| h) Non current Tax Assets | 38 | 78 | 57 |
| i) Other Non-current Assets | 488 | 454 | 29 |
| Total non-current assets | 3,438 | 3,782 | 4,189 |
| Current Assets | |||
| a) Inventories | 584 | 614 | 802 |
| b) Contract Assets | 360 | 472 | 1,231 |
| c) Financial assets | |||
| i) Trade Receivables | 1,543 | 2,682 | 3,323 |
| ii) Cash and Cash equivalents | 19 | 300 | 161 |
| iii) Bank balances other than (ii) above | 515 | 763 | 1,412 |
| v) Other Financial Assets | 181 | 140 | 182 |
| e) Other Current Assets | 147 | 233 | 315 |
| Total Current Assets | 3,348 | 5,204 | 7,426 |
| Total Assets | 6,787 | 8,986 | 11,615 |
EARNINGS PRESENTATION
20
Consolidated Financial Performance
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| Particulars (INR in Mn) | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue from Operations | 9,089 | 9,948 | 11,813 | 17,848 |
| Operating Expenses | 7,887 | 8,382 | 9,710 | 14,602 |
| EBITDA | 1,202 | 1,565 | 2,104 | 3,246 |
| EBITDA Margins (%) | 13.22% | 15.73% | 17.81% | 18.19% |
| Depreciation | 373 | 369 | 373 | 358 |
| Finance Cost | 210 | 225 | 199 | 247 |
| Other Income | 153 | 95 | 86 | 282 |
| Share of profit of an Associate and Joint Venture | 11 | 22 | 13 | 27 |
| PBT | 783 | 1,088 | 1,631 | 2,950 |
| Taxes | 228 | 305 | 448 | 750 |
| Profit/(Loss) from discontinued operations | (17) | 204 | (1) | (3) |
| PAT | 538 | 987 | 1,182 | 2,197 |
| PAT Margins (%) | 5.92% | 9.92% | 10.01% | 12.31% |
| Other Comprehensive Income | (32) | 140 | 73 | (125) |
| Total Comprehensive Income | 506 | 1,127 | 1,255 | 2,072 |
| Earnings Per Share (EPS) | 57.56 | 86.19 | 99.65 | 193.68 |
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EARNINGS PRESENTATION
Consolidated Balance Sheet
| Particulars (INR Mn) | FY21 | FY22 | FY23 |
|---|---|---|---|
| EQUITY AND LIABILITIES | |||
| a)EquityShare Capital b)Other Equity Equityattributable to equityholders of theparent c)Non-ControllingInterest Total Equity Liabilities |
98 5,327 5,425 474 5,899 |
98 6,247 6,345 711 7,056 |
98 8,001 8,099 1,030 9,129 |
| Non-Current Liabilities | |||
| a)Financial Liabilities | |||
| i)Borrowings | 1,483 | 1,220 | 911 |
| ii)Lease Liability iii)Other Financial Liabilities c)Provisions d)Deferred tax liabilities(net) Total Non-current Liabilities |
278 381 25 2,167 |
247 - 266 20 1,753 |
204 10 241 95 1,461 |
| Current Liabilities | |||
| a)Contract Liabilities | 2,281 | 2,844 | 4,001 |
| b)Financial Liabilities | |||
| i) Borrowings | 1,258 | 1,571 | 1,352 |
| ii)Lease Liability | 99 | 128 | 112 |
| iii)Tradepayables iv)Other financial liabilities c)Other current liabilities d)Provisions |
2,523 190 181 110 |
3,865 200 164 120 |
4,715 260 289 118 |
| e)Current tax liabilities | 460 | 373 | 383 |
| Total Current Liabilities | 7,102 | 9,265 | 11,230 |
| Total Equityand Liabilities | 15,168 | 18,074 | 21,820 |
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| Particulars (INR Mn) | FY21 | FY22 | FY23 |
|---|---|---|---|
| ASSETS | |||
| Non-Current Assets | |||
| a)Property,Plant and Equipment | 3,236 | 3,164 | 3,649 |
| b)Capital Work-in-progress | 6 | 92 | 90 |
| c)Goodwill | 612 | 618 | 550 |
| d)Other Intangible Assets | 437 | 423 | 471 |
| e) Investment in an associate and Joint Venture |
147 | 161 | 187 |
| f)Financial Assets | |||
| i)Investments | 8 | 8 | 10 |
| ii)Trade Receivables | 376 | 495 | 817 |
| iii)Loans and Deposits | - | - | 129 |
| iv) )Other Financial Assets | 65 | 74 | 87 |
| g)Deferred tax assets(Net) | 91 | 15 | 6 |
| h)Non current Tax Assets | 38 | 78 | 58 |
| i)Other Non-current Assets | 488 | 451 | 30 |
| Total non-current assets | 5,504 | 5,579 | 6,084 |
| Current Assets | |||
| a)Inventories | 2,533 | 2,955 | 3,419 |
| b)Contract Assets | 1,764 | 2,492 | 3,768 |
| c)Financial assets | |||
| i)Trade Receivables | 3,259 | 4,268 | 5,187 |
| ii)Cash and Cash equivalents | 912 | 1,212 | 971 |
| iii)Bank balances other than(ii)above | 612 | 918 | 1,618 |
| iv)Loans | - | 1 | 1 |
| v)Other Financial Assets | 49 | 78 | 104 |
| d)Current Tax Assets(net) | 13 | 45 | 92 |
| e)Other Current Assets | 522 | 526 | 576 |
| Total Current Assets | 9,664 | 12,495 | 15,736 |
| Total Assets | 15,168 | 18,074 | 21,820 |
EARNINGS PRESENTATION
22
Consolidated Financial Graphs
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Revenue (INR Mn) EBITDA (INR Mn) & EBIDTA Margins (%) PAT (INR Mn) & PAT Margins (%)
4,000 50.00%
17,848 3,500 3,246 45.00% 30.00% 2,197 2500
40.00%
3,000 25.00% 2000
35.00%
2,500 30.00% 20.00%
11,813 2,104 1500
9,948
9,089 2,000 1,565 25.00% 15.00% 1,182
20.00% 987
1,500 1,202 1000
1,000 17.81% 18.19% 15.00% 10.00% 538 12.31%
500 13.22% 15.73% 10.00% 5.00% 9.92% 10.01% 500
5.00% 5.92%
- 0.00% 0.00% 0
FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23
Working Capital Days Net Debt to Equity Ratio (x) Return Ratios (%)
0.66
191
27.27%
19.63%
139 14.83%
11.88%
89
79 24.06%
0.21
0.09 11.18% 16.73% 16.75%
-
FY20 FY21 FY22 FY23
FY20 FY21 FY22 FY23
FY20 FY21 FY22 FY23
RoE (%) RoCE (%)
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EARNINGS PRESENTATION
Capital Market Information
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Stock Performance Data (As on 31st March, 2023)
| -50% 0% 50% 100% 150% 200% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Stock Performance Data (As on 31st March, 2023) WPIL Sensex |
-50% 0% 50% 100% 150% 200% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Stock Performance Data (As on 31st March, 2023) WPIL Sensex |
-50% 0% 50% 100% 150% 200% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Stock Performance Data (As on 31st March, 2023) WPIL Sensex |
|---|---|---|
| -50% 0% 50% 100% 150% 200% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 WPIL Sensex |
||
| Price Data (As on 31st March, 2023) INR Face Value 10.0 CMP 2,400.3 52 Week H/L 2,560.0 / 835.0 Market Cap. (Mn) 23,443.9 No. of Share outstanding (Mn) 9.8 Avg. Trading Volume ('000) 8.7 Avg. Net Turnover (Mn) 13.0 Promoters, 70.80% Public, 19.73% FII, 5.82% DII, 3.36% AIF, 0.29% Shareholding Pattern (As on 31st March, 2023) |
24
EARNINGS PRESENTATION
Disclaimer
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WPIL Limited 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 date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of WPIL Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from
This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.
Valorem Advisors Disclaimer:
Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and 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. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review
For further details, please feel free to contact our Investor Relations Representatives:
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Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: [email protected]
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EARNINGS PRESENTATION
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Thank You
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EARNINGS PRESENTATION