AI assistant
WPIL Ltd — Interim / Quarterly Report 2024
Feb 5, 2024
62191_rns_2024-02-05_17f8abef-ef49-4e50-9264-87c73ac6b5eb.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
KRISHNA KUMAR Digitally signed by KRISHNA KUMAR GANERIWALA GANERIWALA Date: 2024.02.05 11:33:26 +05'30'
==> picture [336 x 119] intentionally omitted <==
EARNI NGS PRESENTATI ON - Q3/ 9M FY24
COMPANY SNAPSHOT
==> picture [213 x 75] intentionally omitted <==
==> picture [902 x 366] intentionally omitted <==
----- Start of picture text -----
Market Leader in
10 Strategic International End to End
Rich Experience Pumps &
Manufacturing Presence Across Integrated Pumping
of 71 Years Pumping
Locations 6 Locations Solutions
Systems
Strong global
presence via Consolidated Partner of choice Proud to be part of
focused Orderbook ~ for engineered flow Jal Jeevan Mission
acquisitions and INR 42,871 Mn applications of GOI
joint ventures
----- End of picture text -----
2
EARNINGS PRESENTATION
==> picture [140 x 156] intentionally omitted <==
COMPANY OVERVIEW
COMPANY OVERVIEW
==> picture [213 x 75] intentionally omitted <==
Operating Revenue (INR Mn) and EBITDA Margins (%)
-
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.
-
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.
-
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.
-
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, South Africa, Australia and Thailand through its Group companies.
-
Constant investment in manufacturing and R&D supported by 10 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.
-
The company continues its expansion into newer markets and is focused on becoming a Global leader in its sector.
-
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.
-
Looking ahead, WPIL envisions vast growth potential in both its core markets – engineered flow control products and turn-key water projects.
==> picture [250 x 163] intentionally omitted <==
----- Start of picture text -----
16,055
11,813 10,730
9,948
17.81% 16.66%
15.73% 18.27%
FY21 FY22 FY23 9M-FY24
Revenue EBITDA Margin
----- End of picture text -----
9M-FY24 Geographical Revenue (%)
==> picture [147 x 147] intentionally omitted <==
----- Start of picture text -----
International
40%
India
60%
----- End of picture text -----
4
EARNINGS PRESENTATION
GLOBAL OPERATIONS
-
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.
-
Over the years, WPIL Ltd. conducted extensive diligence to identify 3 regions (6 companies) – Italy (Gruppo Aturia, 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.
-
Today, these businesses are well integrated and the Group looks ahead to further inorganic growth following its ethos of building on competencies and synergies.
==> picture [678 x 276] intentionally omitted <==
----- Start of picture text -----
Italy
India
South Africa
Australia
a
----- End of picture text -----
==> picture [213 x 75] intentionally omitted <==
9M-FY24 Revenue Mix (INR Mn)
==> picture [152 x 151] intentionally omitted <==
----- Start of picture text -----
International
4,312
India
6,418
----- End of picture text -----
Total : ~ 10,730 NR Mn
Large engineering and back-office team remains in India
==> picture [167 x 161] intentionally omitted <==
----- Start of picture text -----
Australia
South
50
Africa
120
Italy
India
187
600
----- End of picture text -----
Total : ~957 Manpower
5
EARNINGS PRESENTATION
INDIA OPERATIONS - STATE-OF-ART MANUFACTURING FACILITIES
==> picture [60 x 60] intentionally omitted <==
Kolkata
Engineered Pump Division is Located about 25 KM from Kolkata, the plant has ~20,000 sq. meters of floorspace.
==> picture [60 x 59] intentionally omitted <==
Delhi
Industrial Pump Division is Located about 20 KM from Delhi, the plant has ~49,000 sq. meters of floorspace.
==> picture [60 x 59] intentionally omitted <==
Nagpur
Engineered Pump Division is Located about 26 KM from Nagpur, the plant has ~70,000 sq. meters of floorspace.
==> picture [60 x 60] intentionally omitted <==
Thane
Drainage Pump Division is Located about 21 KM from Mumbai, the plant has ~6,000 sq. meters of floorspace.
==> picture [213 x 75] intentionally omitted <==
==> picture [377 x 377] intentionally omitted <==
----- Start of picture text -----
Delhi
Nagpur
----- End of picture text -----
6
EARNINGS PRESENTATION
BUSINESS STRUCTURE
==> picture [213 x 75] intentionally omitted <==
==> picture [122 x 123] intentionally omitted <==
----- Start of picture text -----
WPIL Ltd.
----- End of picture text -----
==> picture [954 x 275] intentionally omitted <==
----- Start of picture text -----
International
India
40%
60%
Project Product South Africa Italy Australia
74% 26% 21% 63% 16%
Gruppo Aturia
Conventional Engineered Drainage
Irrigation Municipal Industry
Pumps Pumps Pumps AUDOLI & ARIS
BERTOLA CHIAPPA
----- End of picture text -----
% numbers are revenue share as on Q3-FY24 end
7
EARNINGS PRESENTATION
VARIED RANGE OF APPLICATIONS
==> picture [167 x 87] intentionally omitted <==
==> picture [167 x 87] intentionally omitted <==
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.
==> picture [167 x 87] intentionally omitted <==
==> picture [167 x 87] intentionally omitted <==
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.
==> picture [243 x 167] intentionally omitted <==
Municipal
Water Supply & Drainage solutions for Rural and Urban Utilities including Raw water Intakes, treatment plants , reservoirs and distribution networks.
==> picture [167 x 87] intentionally omitted <==
Conventional and Nuclear Power
Cooling, drainage, dewatering, seal water and fire-fighting pumps across Thermal and Nuclear power plant.
8
EARNINGS PRESENTATION
VALUE PROPOSITION
==> picture [213 x 75] intentionally omitted <==
==> picture [906 x 433] intentionally omitted <==
----- Start of picture text -----
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
----- End of picture text -----
9
EARNINGS PRESENTATION
==> picture [712 x 75] intentionally omitted <==
==> picture [213 x 75] intentionally omitted <==
==> picture [134 x 133] intentionally omitted <==
==> picture [311 x 42] intentionally omitted <==
Q3/9M-FY24 FINANCIAL OVERVIEW
10
EARNINGS PRESENTATION
FINANCIAL HIGHLIGHTS
==> picture [213 x 75] intentionally omitted <==
| INR 2,743 Mn Operating Income INR 524 Mn Operating EBITDA 19.10% Operating EBITDA Margins INR 406 Mn Net Profit 14.80% PAT Margins INR 41.56/Share Diluted EPS Q3-FY24 Standalone Performance INR 4,307 Mn Operating Income INR 699 Mn Operating EBITDA 16.24% Operating EBITDA Margins INR 5,346 Mn Net Profit 124.12% PAT Margins INR 353.15/Share Diluted EPS Q3-FY24 Consolidated Performance INR 6,419 Mn Operating Income INR 1,132 Mn Operating EBITDA 17.64% Operating EBITDA Margins INR 861 Mn Net Profit 13.41% PAT Margins INR 88.14/Share Diluted EPS 9M-FY24 Standalone Performance INR 10,730 Mn Operating Income INR 1,961 Mn Operating EBITDA 18.27% Operating EBITDA Margins INR 6,179 Mn Net Profit 57.59% PAT Margins INR 421.04/Share Diluted EPS 9M-FY24 Consolidated Performance |
INR 2,743 Mn Operating Income INR 524 Mn Operating EBITDA 19.10% Operating EBITDA Margins INR 406 Mn Net Profit 14.80% PAT Margins INR 41.56/Share Diluted EPS Q3-FY24 Standalone Performance INR 4,307 Mn Operating Income INR 699 Mn Operating EBITDA 16.24% Operating EBITDA Margins INR 5,346 Mn Net Profit 124.12% PAT Margins INR 353.15/Share Diluted EPS Q3-FY24 Consolidated Performance INR 6,419 Mn Operating Income INR 1,132 Mn Operating EBITDA 17.64% Operating EBITDA Margins INR 861 Mn Net Profit 13.41% PAT Margins INR 88.14/Share Diluted EPS 9M-FY24 Standalone Performance INR 10,730 Mn Operating Income INR 1,961 Mn Operating EBITDA 18.27% Operating EBITDA Margins INR 6,179 Mn Net Profit 57.59% PAT Margins INR 421.04/Share Diluted EPS 9M-FY24 Consolidated Performance |
INR 2,743 Mn Operating Income INR 524 Mn Operating EBITDA 19.10% Operating EBITDA Margins INR 406 Mn Net Profit 14.80% PAT Margins INR 41.56/Share Diluted EPS Q3-FY24 Standalone Performance INR 4,307 Mn Operating Income INR 699 Mn Operating EBITDA 16.24% Operating EBITDA Margins INR 5,346 Mn Net Profit 124.12% PAT Margins INR 353.15/Share Diluted EPS Q3-FY24 Consolidated Performance INR 6,419 Mn Operating Income INR 1,132 Mn Operating EBITDA 17.64% Operating EBITDA Margins INR 861 Mn Net Profit 13.41% PAT Margins INR 88.14/Share Diluted EPS 9M-FY24 Standalone Performance INR 10,730 Mn Operating Income INR 1,961 Mn Operating EBITDA 18.27% Operating EBITDA Margins INR 6,179 Mn Net Profit 57.59% PAT Margins INR 421.04/Share Diluted EPS 9M-FY24 Consolidated Performance |
INR 2,743 Mn Operating Income INR 524 Mn Operating EBITDA 19.10% Operating EBITDA Margins INR 406 Mn Net Profit 14.80% PAT Margins INR 41.56/Share Diluted EPS Q3-FY24 Standalone Performance INR 4,307 Mn Operating Income INR 699 Mn Operating EBITDA 16.24% Operating EBITDA Margins INR 5,346 Mn Net Profit 124.12% PAT Margins INR 353.15/Share Diluted EPS Q3-FY24 Consolidated Performance INR 6,419 Mn Operating Income INR 1,132 Mn Operating EBITDA 17.64% Operating EBITDA Margins INR 861 Mn Net Profit 13.41% PAT Margins INR 88.14/Share Diluted EPS 9M-FY24 Standalone Performance INR 10,730 Mn Operating Income INR 1,961 Mn Operating EBITDA 18.27% Operating EBITDA Margins INR 6,179 Mn Net Profit 57.59% PAT Margins INR 421.04/Share Diluted EPS 9M-FY24 Consolidated Performance |
|---|---|---|---|
| INR 6,419 Mn Operating Income INR 861 Mn Net Profit |
INR 1,132 Mn Operating EBITDA 13.41% PAT Margins |
INR 1,961 Mn Operating EBITDA 57.59% PAT Margins |
18.27% Operating EBITDA Margins INR 421.04/Share Diluted EPS |
Please note : Previous Period Numbers have been regrouped, wherever relevant, on account of Sale of Rutschi Business.
11
EARNINGS PRESENTATION
Q3-FY24 OPERATIONAL HIGHLIGHTS
==> picture [191 x 55] intentionally omitted <==
-
The completion of the Rutschi sale transaction in the quarter was a watershed event as it greatly strengthened the balance sheet and provided capital for inorganic growth
-
Project revenues regained traction and improved from INR 130 crores to INR 214 crores quarter on quarter and the momentum remains strong
-
Domestic product and aftermarket business continue strong performance with a stable order book
-
Internationally, South Africa and Sterling Australia set for a major jump in revenues
12
EARNINGS PRESENTATION
SEGMENTAL REVENUE
Product Revenue (INR Mn)
==> picture [266 x 146] intentionally omitted <==
----- Start of picture text -----
1.2
2,231
1
2,178
0.8
0.6
0.4
0.2
0
Q3-FY23 Q3-FY24
----- End of picture text -----
==> picture [258 x 156] intentionally omitted <==
----- Start of picture text -----
5,999
5,681
9M-FY23 9M-FY24
----- End of picture text -----
==> picture [213 x 75] intentionally omitted <==
Project Revenue (INR Mn)
==> picture [4 x 2] intentionally omitted <==
----- Start of picture text -----
1.2
----- End of picture text -----
==> picture [258 x 130] intentionally omitted <==
----- Start of picture text -----
1
2,321
2,129
0.8
0.6
0.4
0.2
0
Q3-FY23 Q3-FY24
----- End of picture text -----
==> picture [258 x 135] intentionally omitted <==
----- Start of picture text -----
5,169
4,731
9M-FY23 9M-FY24
----- End of picture text -----
13
EARNINGS PRESENTATION
ORDER BOOK
==> picture [213 x 75] intentionally omitted <==
==> picture [645 x 219] intentionally omitted <==
----- Start of picture text -----
Domestic Order Book (INR Mn) 9M -
39,550
40,000 38,350
35,000 South Africa
30,000 28,040 23%
24,117 Italy
25,000 47%
20,000
15,000 Australia
30%
10,000
5,000
-
FY21 FY22 FY23 9M-FY24 Total : ~ 4,521 INR Mn
----- End of picture text -----
==> picture [267 x 13] intentionally omitted <==
----- Start of picture text -----
9M - FY24 International Order Book Breakup (%)
----- End of picture text -----
Total : ~ 4,521 INR Mn
14
EARNINGS PRESENTATION
QUARTERLY STANDALONE FINANCIAL PERFORMANCE
==> picture [213 x 75] intentionally omitted <==
| Particulars (INR Mn) | Q3-FY24 | Q2-FY24 | Q-o-Q | Q3-FY23 | Y-o-Y |
|---|---|---|---|---|---|
| Revenue from Operations | 2,743 | 1,853 | 48.0% | 2,728 | 0.6% |
| Operating Expenses | 2,219 | 1,542 | 43.9% | 2,257 | (1.7)% |
| EBITDA | 524 | 311 | 68.5% | 471 | 11.3% |
| EBITDA Margins (%) | 19.10% | 16.78% | 232 Bps | 17.27% | 183 Bps |
| Depreciation | 18 | 17 | 5.9% | 13 | 38.5% |
| Finance Cost | 45 | 40 | 12.5% | 30 | 50.0% |
| Other Income | 122 | 62 | 96.8% | 231 | (47.2)% |
| PBT | 583 | 316 | 84.5% | 659 | (11.5)% |
| Taxes | 177 | 82 | NA | 172 | 2.9% |
| PAT | 406 | 234 | 73.5% | 487 | (16.6)% |
| PAT Margins (%) | 14.80% | 12.63% | 217 Bps | 17.85% | (305) Bps |
| Other Comprehensive Income | (1) | (1) | 0.0% | (1) | 0.0% |
| Total Comprehensive Income | 405 | 233 | 73.8% | 486 | (16.7)% |
| Diluted EPS (INR per share) | 41.56 | 23.99 | 73.2% | 49.84 | (16.6)% |
15
EARNINGS PRESENTATION
YTD STANDALONE FINANCIAL PERFORMANCE
==> picture [213 x 75] intentionally omitted <==
| Particulars (INR Mn) | 9M-FY24 | 9M-FY23 | Y-o-Y |
|---|---|---|---|
| Revenue from Operations | 6,419 | 6,510 | (1.4)% |
| Operating Expenses | 5,286 | 5,505 | (4.0)% |
| EBITDA | 1,132 | 1,005 | 12.7% |
| EBITDA Margins (%) | 17.64% | 15.44% | 221 Bps |
| Depreciation | 52 | 42 | 23.8% |
| Finance Cost | 128 | 83 | 54.2% |
| Other Income | 243 | 261 | (6.9)% |
| PBT | 1,196 | 1,141 | 4.8% |
| Taxes | 335 | 297 | 12.8% |
| PAT | 861 | 844 | 2.0% |
| PAT Margins (%) | 13.41% | 12.96% | 45 Bps |
| Other Comprehensive Income | (3) | (2) | 50.0% |
| Total Comprehensive Income | 858 | 842 | 1.9% |
| Diluted EPS (INR per share) | 88.14 | 86.41 | 2.0% |
16
EARNINGS PRESENTATION
QUARTERLY CONSOLIDATED FINANCIAL PERFORMANCE
==> picture [213 x 75] intentionally omitted <==
| PERFORMANCE | |||||
|---|---|---|---|---|---|
| Particulars (INR Mn) | Q3-FY24 | Q2-FY24 | Q-o-Q | Q3-FY23 | Y-o-Y |
| Revenue from Operations | 4,307 | 3,187 | 35.1% | 4,552 | (5.4)% |
| Operating Expenses | 3,607 | 2,521 | 43.1% | 3,676 | (1.9)% |
| EBITDA | 699 | 667 | 4.9% | 875 | (20.1)% |
| EBITDA Margins (%) | 16.24% | 20.91% | (467) Bps | 19.23% | (299) Bps |
| Depreciation | 77 | 74 | 4.1% | 75 | 2.7% |
| Finance Cost | 93 | 71 | 31.0% | 63 | 47.6% |
| Other Income | 90 | 44 | NA | 166 | (45.8)% |
| Share of profit of an Associate and Joint Venture | 24 | 5 | NA | 0 | NA |
| PBT | 644 | 571 | 12.8% | 904 | (28.8)% |
| Taxes | 229 | 163 | 40.5% | 206 | 11.2% |
| Profit/(Loss) from discontinued operations | 4,931 | 21 | NA | 138 | NA |
| PAT | 5,346 | 429 | NA | 837 | NA |
| PAT Margins (%) | 124.12% | 13.46% | NA | 18.39% | NA |
| Other Comprehensive Income | 271 | (72) | NA | 324 | (16.4)% |
| Total Comprehensive Income | 5,617 | 357 | NA | 1,161 | NA |
| Diluted EPS (INR per share) | 353.15 | 35.35 | NA | 71.47 | NA |
17
EARNINGS PRESENTATION
YTD CONSOLIDATED FINANCIAL PERFORMANCE
==> picture [213 x 75] intentionally omitted <==
| Particulars (INR Mn) | 9M-FY24^ | 9M-FY23 | Y-o-Y |
|---|---|---|---|
| Revenue from Operations | 10,730 | 10,850 | (1.1)% |
| Operating Expenses | 8,769 | 9,198 | (4.7)% |
| EBITDA | 1,961 | 1,653 | 18.6% |
| EBITDA Margins (%) | 18.27% | 15.23% | 304 Bps |
| Depreciation | 221 | 210 | 5.2% |
| Finance Cost | 239 | 164 | 45.7% |
| Other Income | 176 | 214 | (17.8)% |
| Share of profit of an Associate and Joint Venture | 38 | 10 | NA |
| PBT | 1,714 | 1,503 | 14.0% |
| Taxes | 520 | 385 | 35.1% |
| Profit/(Loss) from discontinued operations | 4,986 | 285 | NA |
| PAT | 6,179* | 1,403 | NA |
| PAT Margins (%) | 57.59% | 12.96% | NA |
| Other Comprehensive Income | 282 | (27) | NA |
| Total Comprehensive Income | 6,461 | 1,376 | NA |
| Diluted EPS (INR per share) | 421.04 | 120.5 | NA |
^Numbers from Continuing Operations *Number includes profit on disposal of Rutschi Business
EARNINGS PRESENTATION
18
==> picture [712 x 75] intentionally omitted <==
==> picture [213 x 75] intentionally omitted <==
==> picture [134 x 134] intentionally omitted <==
==> picture [310 x 42] intentionally omitted <==
HISTORICAL FINANCIAL OVERVIEW
19
EARNINGS PRESENTATION
STANDALONE FINANCIAL PERFORMANCE
==> picture [213 x 75] intentionally omitted <==
| Particulars (INR in Mn) | FY21 | FY22 | FY23 | 9M-FY24 |
|---|---|---|---|---|
| Revenue from Operations | 3,403 | 5,298 | 10,024 | 6,419 |
| Operating Expenses | 2,631 | 4,432 | 8,264 | 5,286 |
| EBITDA | 772 | 866 | 1,760 | 1,133 |
| EBITDA Margins (%) | 22.69% | 16.35% | 17.56% | 17.65% |
| Depreciation | 55 | 56 | 55 | 52 |
| Finance Cost | 96 | 89 | 121 | 128 |
| Other Income | 172 | 141 | 317 | 243 |
| PBT | 794 | 862 | 1,901 | 1,196 |
| Taxes | 197 | 223 | 471 | 335 |
| PAT | 597 | 639 | 1,430 | 861 |
| PAT Margins (%) | 17.55% | 12.06% | 14.27% | 13.41% |
| Other Comprehensive Income | 3 | 0 | (3) | (3) |
| Total Comprehensive Income | 600 | 639 | 1,427 | 858 |
| Earnings Per Share (EPS) | 61.15 | 65.40 | 146.44 | 88.14 |
20
EARNINGS PRESENTATION
STANDALONE BALANCE SHEET
==> picture [213 x 75] intentionally omitted <==
| Particulars (INR Mn) | FY22 | FY23 | H1-FY24 | Particulars (INR Mn) | FY22 | FY23 | H1-FY24 |
|---|---|---|---|---|---|---|---|
| EQUITY AND LIABILITIES | ASSETS | ||||||
| a) Equity Share Capital b) Other Equity Shareholders Fund Non-Current Liabilities |
98 5,143 5,241 |
98 6,472 6,570 |
98 6,729 6,827 |
Non-Current Assets a) Property, Plant and Equipment b) Capital Work-in-progress c) Goodwill d) Other Intangible Assets |
341 - 137 2 |
741 1 137 3 |
750 - 137 4 |
| a) Financial Liabilities | e) Financial Assets | ||||||
| i) Borrowings | 6 | 4 | 4 | i) Investments | 490 | 490 | 490 |
| ii) Lease Liability | 34 | 2 | 0 | ii) Trade Receivables | 495 | 819 | 931 |
| iii) Provisions | 41 | 67 | 71 | iii) Loans and Deposits | 1,738 | 1,849 | 1,973 |
| c) Deferred tax liabilities (net) | - | - | - | iv) Other Financial Assets | 49 | 60 | 68 |
| Total Non-current Liabilities | 81 | 73 | 75 | f) Deferred Tax Assets | (2) | 3 | 3 |
| Current Liabilities | h) Non current Tax Assets | 78 | 57 | 163 | |||
| a) Contract Liabilities | 933 | 1,409 | 1,704 | i) Other Non-current Assets Total non-current assets |
454 3,782 |
29 4,189 |
31 4,550 |
| b) Financial Liabilities | Current Assets | ||||||
| i) Borrowings | 362 | 405 | 950 | a) Inventories | 614 | 802 | 956 |
| ii) Lease Liability | 32 | 30 | 16 | b) Contract Assets | 472 | 1,231 | 1,142 |
| iii) Trade payables | 2,198 | 2,894 | 1,501 | c) Financial assets | |||
| iii) Other financial liabilities | 21 | 30 | 67 | i) Trade Receivables | 2,682 | 3,323 | 2,724 |
| c) Other current liabilities | 37 | 127 | 34 | ii) Cash and Cash equivalents | 300 | 161 | 144 |
| d) Provisions | 49 | 47 | 51 | iii) Bank balances other than (ii) above | 763 | 1,412 | 1,374 |
| e) Current tax liabilities Total Current Liabilities Total Equity and Liabilities |
32 3,664 8,986 |
30 4,972 11,615 |
68 4,391 11,293 |
v) Other Financial Assets e) Other Current Assets Total Current Assets Total Assets |
140 233 5,204 8,986 |
182 315 7,426 11,615 |
151 252 6,743 11,293 |
EARNINGS PRESENTATION
21
CONSOLIDATED FINANCIAL PERFORMANCE
==> picture [213 x 75] intentionally omitted <==
| Particulars (INR in Mn) | FY21 | FY22 | FY23 | 9M-FY24 |
|---|---|---|---|---|
| Revenue from Operations | 9,948 | 11,813 | 16,055 | 10,730 |
| Operating Expenses | 8,382 | 9,710 | 13,380 | 8,769 |
| EBITDA | 1,565 | 2,104 | 2,674 | 1,961 |
| EBITDA Margins (%) | 15.73% | 17.81% | 16.66% | 18.27% |
| Depreciation | 369 | 373 | 279 | 221 |
| Finance Cost | 225 | 199 | 237 | 239 |
| Other Income | 95 | 86 | 240 | 176 |
| Share of profit of an Associate and Joint Venture | 22 | 13 | 27 | 38 |
| PBT | 1,088 | 1,631 | 2,425 | 1,714 |
| Taxes | 305 | 448 | 646 | 520 |
| Profit/(Loss) from discontinued operations | 204 | (1) | 418 | 4,986 |
| PAT | 987 | 1,182 | 2,197 | 6,179 |
| PAT Margins (%) | 9.92% | 10.01% | 13.68% | 57.59% |
| Other Comprehensive Income | 140 | 73 | (125) | 282 |
| Total Comprehensive Income | 1,127 | 1,255 | 2,072 | 6,461 |
| Earnings Per Share (EPS) | 86.19 | 99.65 | 193.68 | 421.04 |
22
EARNINGS PRESENTATION
CONSOLIDATED BALANCE SHEET
==> picture [213 x 75] intentionally omitted <==
| Particulars (INR Mn) FY22 FY223 H1-FY24 EQUITY AND LIABILITIES a)EquityShare Capital 98 98 98 b)Other Equity 6,247 8,001 8,472 Equity attributable to equity holders of theparent 6,345 8,099 8,570 c)Non-ControllingInterest 711 1,030 1,181 Total Equity 7,056 9,129 9,751 Liabilities Non-Current Liabilities a) Financial Liabilities i)Borrowings 1,220 911 782 ii)Lease Liability 247 204 175 iii)Other Financial Liabilities - 10 9 c)Provisions 266 241 245 d)Deferred tax liabilities(net) 20 95 93 Total Non-current Liabilities 1,753 1,461 1,304 Current Liabilities a)Contract Liabilities 2,844 4,001 2,972 b)Financial Liabilities i) Borrowings 1,571 1,352 1,915 ii)Lease Liability 128 112 79 iii)Tradepayables 3,865 4,715 2,615 iv)Other financial liabilities 200 260 267 c)Other current liabilities 164 289 217 d)Provisions 120 118 118 e)Current tax liabilities 373 383 498 Total Current Liabilities 9,265 11,230 8,618 Total Equity and Liabilities 18,074 21,820 19,736 |
Particulars (INR Mn) FY22 FY23 H1-FY24 |
|---|---|
| ASSETS | |
| Non-Current Assets | |
| a)Property,Plant and Equipment 3,164 3,649 3,599 |
|
| b)Capital Work-in-progress 92 90 97 |
|
| c)Goodwill 618 550 533 |
|
| d)Other Intangible Assets 423 471 511 |
|
| e) Investment in an associate and Joint Venture 161 187 201 |
|
| f)Financial Assets | |
| i)Investments 8 10 10 |
|
| ii)Trade Receivables 495 817 931 |
|
| iii)Loans and Deposits - 129 140 |
|
| iv) )Other Financial Assets 74 87 93 |
|
| g)Deferred tax assets(Net) 15 6 7 |
|
| h)Non current Tax Assets 78 58 163 |
|
| i)Other Non-current Assets 451 30 31 |
|
| Total non-current assets 5,579 6,084 6,316 |
|
| Current Assets | |
| a)Inventories 2,955 3,419 3,580 |
|
| b)Contract Assets 2,492 3,768 1,926 |
|
| c)Financial assets | |
| i)Trade Receivables 4,268 5,187 4,569 |
|
| ii)Cash and Cash equivalents 1,212 971 1,149 |
|
| iii)Bank balances other than(ii)above 918 1,618 1,580 |
|
| iv)Loans 1 1 0 |
|
| v)Other Financial Assets 78 104 113 |
|
| d)Current Tax Assets(net) 45 92 53 |
|
| e)Other Current Assets 526 576 450 |
|
| Total Current Assets 12,495 15,736 13,420 |
|
| Total Assets 18,074 21,820 19,736 |
23
EARNINGS PRESENTATION
CONSOLIDATED FINANCIAL GRAPHS
==> picture [581 x 420] intentionally omitted <==
----- Start of picture text -----
Revenue (INR Mn) EBITDA (INR Mn) & EBIDTA Margins (%)
4,000 50.00%
16,055 3,500 45.00%
40.00%
3,000 2,674
11,813 2,500 35.00%
9,948 10,730 2,104 1,961 30.00%
2,000 1,565 25.00%
20.00%
1,500
15.00%
1,000
17.81%
15.73% 16.66% 10.00%
500 18.27% 5.00%
- 0.00%
FY21 FY22 FY23 9M-FY24 FY21 FY22 FY23 9M-FY24
Working Capital Days Net Debt to Equity Ratio (x)
0.21
139
118
89
79
0.09
- -
FY21 FY22 FY23 H1-FY24 FY21 FY22 FY23 H1-FY24
----- End of picture text -----
==> picture [213 x 75] intentionally omitted <==
==> picture [274 x 202] intentionally omitted <==
----- Start of picture text -----
PAT (INR Mn) & PAT Margins (%)
60.00% 6179 7000
50.00% 6000
5000
40.00%
4000
30.00%
2,197 3000
20.00%
987 1,182 2000
10.00% 1000
0.00% 9.92% 10.01% 13.68% 57.59% 0
FY21 FY22 FY23 9M-FY24
----- End of picture text -----
==> picture [274 x 202] intentionally omitted <==
----- Start of picture text -----
Return Ratios (%)
27.27%
19.63%
14.83%
11.88%
24.06%
11.18% 16.73% 16.75%
FY20 FY21 FY22 FY23
RoE (%) RoCE (%)
----- End of picture text -----
24
EARNINGS PRESENTATION
CAPITAL MARKET INFORMATION
==> picture [213 x 75] intentionally omitted <==
Stock Performance Data (As on 31st December, 2023)
250% 200% 150% 100% 50% 0% -50% Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 WPIL Return Sensex Price Data (As on 31st December, 2023) INR Shareholding Pattern (As on 31st December, 2023) Face Value 10.0 AIF 0.26% DII 2.43% CMP 3799.4 FII 5.85% 52 Week H/L 3,951.8 / 1,106.0 Market Cap. (Mn) 37,108.6 Promoters Public 70.80% No. of Share outstanding (Mn) 9.8 20.66% Avg. Trading Volume 846 Avg. Net Turnover (Mn) 31.2
25
EARNINGS PRESENTATION
DISCLAIMER
==> picture [213 x 75] intentionally omitted <==
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:
==> picture [84 x 64] intentionally omitted <==
Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: [email protected]
26
EARNINGS PRESENTATION
==> picture [712 x 75] intentionally omitted <==
==> picture [118 x 117] intentionally omitted <==
Thank You
==> picture [191 x 55] intentionally omitted <==
==> picture [311 x 42] intentionally omitted <==
27
EARNINGS PRESENTATION