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WPIL Ltd — Investor Presentation 2023
Aug 11, 2023
62191_rns_2023-08-11_2d559628-e386-4e69-99ec-ef83882ad6cd.pdf
Investor Presentation
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August 11, 2023
The Listing Compliance BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001.
Scrip code 505872
Dear Sir/ Madam,
We enclose a Transcript of Earnings presentation on Ql for the financial year 2023-24
Thanking you
Yours faithfully,
For WPIL Limited
l> · � (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-700141, 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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Q1-FY24
EARNINGS PRESENTATION
1
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 46,030 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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20,00 0 17,848 50.
18,00 0 45.
16,00 0 40.
14,00 0 11,813 35.
12,00 0 9,948 30.
10,00 0 9,089 17.81% 18.19% 18.55% 25.
8,000 15.73% 20.
13.22%
6,000 3,577 15.
4,000 10.
2,000 5. 0
- 0. 0
FY20 FY21 FY22 FY23 Q1-FY24
Revenue EBITDA Margin
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Q1-FY24 Geographical Revenue (%)
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International
49% India,
51%
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3
EARNINGS PRESENTATION
Global Operations
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Q1-FY24 Revenue Mix (INR Mn)
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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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Over the years, WPIL Ltd. conducted extensive diligence to identify 3 regions (7 companies) – Italy (Gruppo Aturia, Rutschi, 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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Italy
India
Australi
South
Africa a
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International
1,755
India
1,822
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Total : ~ 3,577 INR Mn
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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
EARNINGS PRESENTATION
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
Kolkata
Engineered Pump Division
is Located about 25 KM
Nagpur from Kolkata, the plant has
~20,000 sq. metres of
Engineered Pump Division floorspace
is Located about 26 KM
from Nagpur, the plant has
~70,000 sq. metres of
floorspace
Thane
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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
49%
51%
Project Product South Africa Italy Australia
71% 29% 19% 72% 9%
Conventional Engineered Drainage
Irrigation Municipal Industry
Pumps Pumps Pumps
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% numbers are revenue share as on Q1-FY24 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
Dominant player in supported by Marquee clients recognized by Govt.
by providing basket catering to a
Industrial Pump subsidiaries and from Top class Of India and
Turnkey solutions widespread market
Sector agent network and industries supported by Global
and O&M services segment
service centers R&D center in Milan
Strong
Domain expertise
Offers 50% Amongst the Diversified product opportunities for
enhanced by global
customization in Market Leaders in portfolio catering to large organized
acquisitions &
Pumping Segment Pumping Solutions vast applications players in the
mergers
segment
Improved margin Healthy return
profile over the ratios and zero net
years debt
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8
EARNINGS PRESENTATION
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Q1-FY24 Financial Overview
9
EARNINGS PRESENTATION
Financial Highlights
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| INR 1,822 Mn Operating Income INR 291 Mn Operating EBITDA 15.97% Operating EBITDA Margins INR 221 Mn Net Profit 12.13% PAT Margins INR 22.59 /Share Diluted EPS Q1-FY24 Standalone Performance |
INR 1,822 Mn Operating Income INR 291 Mn Operating EBITDA 15.97% Operating EBITDA Margins INR 221 Mn Net Profit 12.13% PAT Margins INR 22.59 /Share Diluted EPS Q1-FY24 Standalone Performance |
INR 3,577 Mn Operating Income INR 663 Mn Operating EBITDA 18.55% Operating EBITDA Margins INR 404 Mn Net Profit 11.29% PAT Margins INR 32.54 /Share Diluted EPS Q1-FY24 Consolidated Performance |
INR 3,577 Mn Operating Income INR 663 Mn Operating EBITDA 18.55% Operating EBITDA Margins INR 404 Mn Net Profit 11.29% PAT Margins INR 32.54 /Share Diluted EPS Q1-FY24 Consolidated Performance |
INR 3,577 Mn Operating Income INR 663 Mn Operating EBITDA 18.55% Operating EBITDA Margins INR 404 Mn Net Profit 11.29% PAT Margins INR 32.54 /Share Diluted EPS Q1-FY24 Consolidated Performance |
|---|---|---|---|---|
| INR 1,822 Mn Operating Income INR 221 Mn Net Profit |
INR 291 Mn Operating EBITDA 12.13% PAT Margins |
INR 663 Mn Operating EBITDA 11.29% PAT Margins |
18.55% Operating EBITDA Margins INR 32.54 /Share Diluted EPS |
10
EARNINGS PRESENTATION
Operational Highlights
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Consistent performance in line with seasonal revenue streams of the business
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Standalone business revenues grew by ~39% to INR 1,822 Mn versus INR 1,313 Mn in the same period previous year
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Consolidated revenues grew by ~20% to INR 3,577 Mn versus INR 2,992 Mn in the same period previous year
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Consolidated EBIDTA Margins were over 18%
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Project execution focus is on track with good traction and strong growth expected in subsequent quarters with JJM projects on high priority
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International business performance has been steady with growth in the Australian business based on strong order backlog
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Defence business looks very prospective in the medium term based on new product developments
11
EARNINGS PRESENTATION
Update on Gruppo Aturia Strategic Disinvestment of Rutschi Business
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On 6th August, 2023 WPIL’s European subsidiary Gruppo Aturia entered into a binding share purchase agreement with Newcleo, France for sale of its interest in its nuclear business consisting of Rutschi subsidiaries, Pompes Rutschi France and Rutschi Fluid AG Switzerland.
In 2022, nuclear was declared as a green energy by the European Commission, which led to a large number of reactors being planned in Europe. Furthermore, in parallel there has been a major thrust on decentralized nuclear via Small Modular Reactors (SMR) wherein it is proposed to develop a large number of factories, built modular nuclear reactors at multiple locations of 300/400 MW size. These two developments are leading to growing interest in nuclear technology and a type of nuclear renaissance in Europe.
From Rutschi’s perspective, the team while evaluating the prospects realized that due to the sudden ramp in upcoming capacity the industry would consolidate with either product wise consolidation between suppliers of vertically integrated players controlling the entire supply chain. In light of this, Rutschi appointed advisors and started exploring various opportunities.
Finally, Rutschi entered into a binding share purchase agreement with Newcleo, one of the strong integrated players confident of having delivered optimal shareholder benefit.
The management of WPIL considers it a win-win scenario, wherein Gruppo Aturia could use the substantial cash reserve to focus on various inorganic opportunities in their core business of industrial and water pumps, while Newcleo would benefit from the core expertise of Rutschi in nuclear pumps and finally, Rutschi would benefit from access to new growth opportunities in SMR segment and new technical expertise.
12
EARNINGS PRESENTATION
Segmental Revenue
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Product Revenue (INR Mn) Project Revenue (INR Mn)
3,000 50. 00% 2,000
1. 2 1. 2
45. 00% 1,800
2,500
1 40. 00% 1,600 1
2,008 2,138 1,439
35. 00% 1,400
2,000
0. 8 0. 8
30. 00% 1,200 984
1,500 21.60% 25. 00% 1,000 27.15%
0. 6 0. 6
16.57% 20. 00% 800
1,000
0. 4 15. 00% 600 0. 4
0. 2 500 10. 00% 400 0. 2 15.18%
5. 00% 200
0 - 0. 00% - 0 10. 00%
Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24
Revenue EBIT Margin Revenue EBIT Margin
10,00 0 9,027 50. 00% 10,00 0 8,821 50. 00%
9,000 45. 00% 9,000 45. 00%
8,000 7,577 40. 00% 8,000 40. 00%
7,000 35. 00% 7,000 35. 00%
6,000 30. 00% 6,000 30. 00%
5,000 25. 00% 5,000 25. 00%
19.29% 4,236
18.22%
4,000 16.39% 20. 00% 4,000 20. 00%
3,000 15. 00% 3,000 15. 00%
2,000 10. 00% 2,000 17.26% 10. 00%
1,000 5. 00% 1,000 5. 00%
- 0. 00% - 0. 00%
FY22 FY23 FY22 FY23
Revenue EBIT Margin Revenue EBIT Margin
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13
EARNINGS PRESENTATION
Order Book
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Domestic Order Book (INR Mn)
39,550
40,00 0 37,940
South Africa
35,00 0 9%
30,00 0 28,040 Australia
24,117
25,00 0 16%
20,00 0 18,274
Italy
15,00 0 75%
10,00 0
5,000
-
FY20 FY21 FY22 FY23 Q1-FY24 Total : ~ 8,090 INR Mn
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Q1-FY24 International Order Book Breakup (%)
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14
EARNINGS PRESENTATION
Quarterly Standalone Financial Performance
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| Particulars (INR Mn) | Q1-FY24 | Q4-FY23 | Q-o-Q | Q1-FY23 | Y-o-Y |
|---|---|---|---|---|---|
| Revenue from Operations | 1,822 | 3,515 | (48.2)% | 1,313 | 38.8% |
| Operating Expenses | 1,531 | 2,760 | (44.5)% | 1,101 | 39.1% |
| EBITDA | 291 | 755 | (61.5)% | 212 | 37.3% |
| EBITDA Margins (%) | 15.97% | 21.48% | (551) Bps | 16.15% | (18) Bps |
| Depreciation | 17 | 13 | 30.8% | 15 | 13.3% |
| Finance Cost | 42 | 38 | 10.5% | 24 | 75.0% |
| Other Income | 64 | 56 | 14.3% | 41 | 56.1% |
| PBT | 296 | 760 | (61.1)% | 214 | 38.3% |
| Taxes | 75 | 174 | (56.9)% | 54 | 38.9% |
| PAT | 221 | 586 | (62.3)% | 160 | 38.1% |
| PAT Margins (%) | 12.13% | 16.67% | (454) Bps | 12.19% | (6) Bps |
| Other Comprehensive Income | (1) | (1) | 0.0% | (1) | 0.0% |
| Total Comprehensive Income | 220 | 585 | (62.4)% | 159 | 38.4% |
| Diluted EPS (INR per share) | 22.59 | 60.03 | (62.4)% | 16.35 | 38.2% |
15
EARNINGS PRESENTATION
Quarterly Consolidated Financial Performance
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| Particulars (INR Mn) | Q1-FY24 | Q4-FY23 | Q-o-Q | Q1-FY23 | Y-o-Y |
|---|---|---|---|---|---|
| Revenue from Operations | 3,577 | 5,741 | (37.7)% | 2,992 | 19.6% |
| Operating Expenses | 2,914 | 4,550 | (36.0)% | 2,476 | 17.7% |
| EBITDA | 663 | 1,191 | (44.3)% | 516 | 28.5% |
| EBITDA Margins (%) | 18.55% | 20.75% | (220) Bps | 17.25% | 130 Bps |
| Depreciation | 92 | 90 | 2.2% | 89 | 3.4% |
| Finance Cost | 77 | 80 | (3.8)% | 51 | 51.0% |
| Other Income | 47 | 50 | (6.0)% | 20 | NA |
| Share of profit of an Associate and Joint Venture | 8 | 16 | (50.0)% | 7 | 14.3% |
| PBT | 549 | 1,087 | (49.5)% | 403 | 36.2% |
| Taxes | 145 | 290 | (50.0)% | 101 | 43.6% |
| Profit/(Loss) from discontinued operations | 0 | (3) | NA | 0 | NA |
| PAT | 404 | 794 | (49.1)% | 302 | 33.8% |
| PAT Margins (%) | 11.29% | 13.83% | (254) Bps | 10.09% | 120 Bps |
| Other Comprehensive Income | 83 | (99) | NA | (185) | NA |
| Total Comprehensive Income | 487 | 695 | (29.9)% | 117 | NA |
| Diluted EPS (INR per share) | 32.54 | 73.17 | (55.5)% | 25.11 | 29.6% |
16
EARNINGS PRESENTATION
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Historical Financial Overview
17
EARNINGS PRESENTATION
Standalone Financial Performance
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| Particulars (INR in Mn) | FY20 | FY21 | FY22 | FY23 | Q1-FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 3,719 | 3,403 | 5,298 | 10,024 | 1,822 |
| Operating Expenses | 3,086 | 2,631 | 4,432 | 8,264 | 1,531 |
| EBITDA | 633 | 772 | 866 | 1,760 | 291 |
| EBITDA Margins (%) | 17.02% | 22.69% | 16.35% | 17.56% | 15.97% |
| Depreciation | 57 | 55 | 56 | 55 | 17 |
| Finance Cost | 102 | 96 | 89 | 121 | 42 |
| Other Income | 301 | 172 | 141 | 317 | 64 |
| PBT | 775 | 794 | 862 | 1,901 | 296 |
| Taxes | 182 | 197 | 223 | 471 | 75 |
| PAT | 593 | 597 | 639 | 1,430 | 221 |
| PAT Margins (%) | 15.93% | 17.55% | 12.06% | 14.27% | 12.13% |
| Other Comprehensive Income | (3) | 3 | 0 | (3) | (1) |
| Total Comprehensive Income | 590 | 600 | 639 | 1,427 | 220 |
| Earnings Per Share (EPS) | 60.66 | 61.15 | 65.40 | 146.44 | 22.59 |
18
EARNINGS PRESENTATION
Standalone Balance Sheet
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| Particulars(INR Mn) | FY21 | FY22 | FY23 | Particulars(INR Mn) | FY21 | FY22 | FY23 | |
|---|---|---|---|---|---|---|---|---|
| EQUITY AND LIABILITIES | ASSETS | |||||||
| Non-Current Assets | ||||||||
| a) Equity Share Capital | 98 | 98 | 98 | |||||
| a) Property, Plant and Equipment | 366 | 341 | 741 | |||||
| b) Other Equity | 4,603 | 5,143 | 6,472 | |||||
| b) Capital Work-in-progress | - | - | 1 | |||||
| Shareholders Fund | 4,700 | 5,241 | 6,570 | |||||
| c) Goodwill | 137 | 137 | 137 | |||||
| Non-Current Liabilities | ||||||||
| d) Other Intangible Assets | 2 | 2 | 3 | |||||
| a) Financial Liabilities | ||||||||
| e) Financial Assets | ||||||||
| i) Borrowings | 7 | 6 | 4 | i) Investments | 490 | 490 | 490 | |
| ii)Lease Liability | 54 | 34 | 2 | ii) Trade Receivables | 376 | 495 | 819 | |
| iii)Provisions | 36 | 41 | 67 | iii) Loans and Deposits | 1,502 | 1,738 | 1,849 | |
| c) Deferred tax liabilities (net) | 12 | - | - | iv) Other Financial Assets | 39 | 49 | 60 | |
| Total Non-current Liabilities | 109 | 81 | 73 | f) Deferred Tax Assets | - | (2) | 3 | |
| Current Liabilities | h) Non current Tax Assets | 38 | 78 | 57 | ||||
| i) Other Non-current Assets | 488 | 454 | 29 | |||||
| a)Contract Liabilities | 1,010 | 933 | 1,409 | |||||
| Total non-current assets | 3,438 | 3,782 | 4,189 | |||||
| b) Financial Liabilities | ||||||||
| Current Assets | ||||||||
| i) Borrowings | 57 | 362 | 405 | a) Inventories | 584 | 614 | 802 | |
| ii)Lease Liability | 24 | 32 | 30 | b) Contract Assets | 360 | 472 | 1,231 | |
| iii) Trade payables | 735 | 2,198 | 2,894 | c) Financial assets | ||||
| iii) Other financial liabilities | 20 | 21 | 30 | i) Trade Receivables | 1,543 | 2,682 | 3,323 | |
| c) Other current liabilities | 38 | 37 | 127 | ii) Cash and Cash equivalents | 19 | 300 | 161 | |
| d) Provisions | 50 | 49 | 47 | iii) Bank balances other than (ii) above | 515 | 763 | 1,412 | |
| v) Other Financial Assets | 181 | 140 | 182 | |||||
| e) Current tax liabilities | 44 | 32 | 30 | |||||
| e) Other Current Assets | 147 | 233 | 315 | |||||
| Total Current Liabilities | 1,978 | 3,664 | 4,972 | |||||
| Total Current Assets | 3,348 | 5,204 | 7,426 | |||||
| Total Equity and Liabilities | 6,787 | 8,986 | 11,615 | |||||
| Total Assets | 6,787 | 8,986 | 11,615 | |||||
Consolidated Financial Performance
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| Particulars (INR in Mn) | FY20 | FY21 | FY22 | FY23 | Q1-FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 9,089 | 9,948 | 11,813 | 17,848 | 3,577 |
| Operating Expenses | 7,887 | 8,382 | 9,710 | 14,602 | 2,914 |
| EBITDA | 1,202 | 1,565 | 2,104 | 3,246 | 663 |
| EBITDA Margins (%) | 13.22% | 15.73% | 17.81% | 18.19% | 18.55% |
| Depreciation | 373 | 369 | 373 | 358 | 92 |
| Finance Cost | 210 | 225 | 199 | 247 | 77 |
| Other Income | 153 | 95 | 86 | 282 | 47 |
| Share of profit of an Associate and Joint Venture | 11 | 22 | 13 | 27 | 8 |
| PBT | 783 | 1,088 | 1,631 | 2,950 | 549 |
| Taxes | 228 | 305 | 448 | 750 | 145 |
| Profit/(Loss) from discontinued operations | (17) | 204 | (1) | (3) | 0 |
| PAT | 538 | 987 | 1,182 | 2,197 | 404 |
| PAT Margins (%) | 5.92% | 9.92% | 10.01% | 12.31% | 11.29% |
| Other Comprehensive Income | (32) | 140 | 73 | (125) | 83 |
| Total Comprehensive Income | 506 | 1,127 | 1,255 | 2,072 | 487 |
| Earnings Per Share (EPS) | 57.56 | 86.19 | 99.65 | 193.68 | 32.54 |
20
EARNINGS PRESENTATION
Consolidated Balance Sheet
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| Particulars (INR Mn) | FY21 | FY22 | FY23 | Particulars (INR Mn) | FY21 | FY22 | FY23 | |
|---|---|---|---|---|---|---|---|---|
| EQUITY AND LIABILITIES | ASSETS | |||||||
| a)EquityShare Capital | 98 | 98 | 98 | Non-Current Assets | ||||
| b)Other Equity | 5,327 | 6,247 | 8,001 | a)Property,Plant and Equipment | 3,236 | 3,164 | 3,649 | |
| b)Capital Work-in-progress | 6 | 92 | 90 | |||||
| Equity attributable to equity holders of theparent | 5,425 | 6,345 | 8,099 | |||||
| c)Goodwill | 612 | 618 | 550 | |||||
| c)Non-ControllingInterest | 474 | 711 | 1,030 | |||||
| d)Other Intangible Assets | 437 | 423 | 471 | |||||
| Total Equity | 5,899 | 7,056 | 9,129 | |||||
| e) Investment in an associate and Joint Venture |
147 | 161 | 187 | |||||
| Liabilities | ||||||||
| Non-Current Liabilities | f)Financial Assets | |||||||
| a) Financial Liabilities | i)Investments | 8 | 8 | 10 | ||||
| i)Borrowings | 1,483 | 1,220 | 911 | ii)Trade Receivables | 376 | 495 | 817 | |
| ii)Lease Liability | 278 | 247 | 204 | iii)Loans and Deposits | - | - | 129 | |
| iii)Other Financial Liabilities | - | 10 | iv) )Other Financial Assets | 65 | 74 | 87 | ||
| g)Deferred tax assets(Net) | 91 | 15 | 6 | |||||
| c)Provisions | 381 | 266 | 241 | |||||
| h)Non current Tax Assets | 38 | 78 | 58 | |||||
| d)Deferred tax liabilities(net) | 25 | 20 | 95 | |||||
| i)Other Non-current Assets | 488 | 451 | 30 | |||||
| Total Non-current Liabilities | 2,167 | 1,753 | 1,461 | |||||
| Total non-current assets | 5,504 | 5,579 | 6,084 | |||||
| Current Liabilities | Current Assets | |||||||
| a)Contract Liabilities | 2,281 | 2,844 | 4,001 | a)Inventories | 2,533 | 2,955 | 3,419 | |
| b)Financial Liabilities | b)Contract Assets | 1,764 | 2,492 | 3,768 | ||||
| i) Borrowings | 1,258 | 1,571 | 1,352 | c)Financial assets | ||||
| ii)Lease Liability | 99 | 128 | 112 | i)Trade Receivables | 3,259 | 4,268 | 5,187 | |
| iii)Tradepayables | 2,523 | 3,865 | 4,715 | ii)Cash and Cash equivalents | 912 | 1,212 | 971 | |
| iii)Bank balances other than(ii)above | 612 | 918 | 1,618 | |||||
| iv)Other financial liabilities | 190 | 200 | 260 | |||||
| iv)Loans | - | 1 | 1 | |||||
| c)Other current liabilities | 181 | 164 | 289 | |||||
| v)Other Financial Assets | 49 | 78 | 104 | |||||
| d)Provisions | 110 | 120 | 118 | |||||
| d)Current Tax Assets(net) | 13 | 45 | 92 | |||||
| e)Current tax liabilities | 460 | 373 | 383 | |||||
| e)Other Current Assets | 522 | 526 | 576 | |||||
| Total Current Liabilities | 7,102 | 9,265 | 11,230 | Total Current Assets | 9,664 | 12,495 | 15,736 | |
| Total Equity and Liabilities | 15,168 | 18,074 | 21,820 | Total Assets | 15,168 | 18,074 | 21,820 |
Consolidated Financial Graphs
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Revenue (INR Mn) EBITDA (INR Mn) & EBIDTA Margins (%) PAT (INR Mn) & PAT Margins (%)
4 ,0 0 5 . 0 0 %
3 . 0 0 % 2 50 0
17,848 3 ,5 0 3,246 4 5.0 0 % 2,197
4 . 0 0 % 2 5.0 0 %
3 ,0 0 2 0 0
3 5.0 0 %
2 ,5 0 2 . 0 0 %
9,948 11,813 2,104 3 . 0 0 % 1 50 0
9,089 2 ,0 0 2 5.0 0 % 1 5.0 0 % 1,182
1,565 987
1 ,5 0 1,202 2 . 0 0 % 1 0 0
3,577 1 ,0 0 17.81% 18.19% 18.55% 1 5.0 0 % 1 . 0 0 % 538 12.31% 11.29%
5 0 13.22% 15.73% 663 1 . 0 0 % 5 . 0 % 9.92% 10.01% 404 5 0
5 . 0 % 5.92%
- 0 . 0 % 0 . 0 % 0
FY20 FY21 FY22 FY23 Q1-FY24 FY20 FY21 FY22 FY23 Q1-FY24 FY20 FY21 FY22 FY23 Q1-FY24
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
0.21
24.06%
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 30th June, 2023)
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|200%|
|150%|
|100%|
|50%|
|0%|
|-50%|
|Jul-22|Aug-22|Sep-22|Oct-22|Nov-22|Dec-22|Jan-23|Feb-23|Mar-23|Apr-23|May-23|Jun-23|
|WPIL|Sensex|
|Price Data (As on 30|[th]|June, 2023)|INR|Shareholding Pattern (As on 31|[st]|March, 2023)|
|Face Value|10.0|
|AIF, 0.29%|
|DII, 3.36%|
|CMP|2,870.3|
|FII, 5.82%|
|52 Week H/L|3,205.0 / 1,012.0|
|Market Cap. (Mn)|28,034.0|Promoters,|
|Public,|70.80%|
|No. of Share outstanding (Mn)|9.8|19.73%|
|Avg. Trading Volume ('000)|9.5|
|Avg. Net Turnover (Mn)|19.2|
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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: 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