Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking...

31
Growth Unlimited POWER MECH PROJECTS LTD Investors Presentation Q1 FY21 15 th September 2020

Transcript of Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking...

Page 1: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Growth Unlimited

POWER MECH PROJECTS LTD

Investors Presentation Q1 FY21

15th September 2020

Page 2: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

DisclaimerSafe Harbor Statement

The information contained herein has been prepared to assist prospective investors in making their own evaluation of Power Mech

Projects Limited (hereinafter ‘the company’) and does not purport to be all-inclusive or to contain all of the information a

prospective or existing investor may desire.

This Information may include certain statements and estimates provided by the company with respect to the projected future

performance of the company. Such statements, estimates and projections reflect various assumptions by management concerning

possible anticipated results, which assumptions may or may not be correct.

Prospective investors will be expected to have conducted their own due diligence investigation regarding these and all other

matters pertinent to investment in the company.

This presentation may contain statements that are “forward looking statements.” The company’s actual future results may differ

materially from those suggested by such statements, depending on various factors for which the company and its management

does not take any responsibility.

2

Page 3: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Power Mech – At a Glance

A leading Industrial Services and Construction Company providing versatile and

comprehensive service in power and infrastructure sector

Established in 1999 by

Mr. S. Kishore Babu, a

technocrat and first

generation entrepreneur

Presently Operates Pan-

India, Middle East, South

Asia and Africa

Largest O&M service

provider in India

FY 20 Total Income: Rs 21,740 Mn

EBITDA : Rs 2,801 Mn

PAT : 1,313 Mn

Credit Rating “CARE A”

3

Page 4: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Journey of the Company, Major milestones and achievements

→ Incorporation of the Company

→ Foray in Power Sector Business

1999 2002-04 2007-09 2010-12 2014-16

→ First ETC of 1 X 63 Tph and 2 X 165

Tph AFBC Boilers, 20.85 MW & 55

MW, Raigarh, BHEL

→ First AMC of 655 MW Combined

Cycle Dual Fuel IPP Power Plant,

Paguthan, GPEC

→ Private Equity into Power Mech

→ First major international work in Libya, 2X157 MW Erection

of 2 Gas Turbines, BHEL

→ First ETC of 1X500 MW Boiler & Auxiliaries including ESP,

Mejia, BHEL

→ Erection of Structural, Steam Generator & Auxiliaries of 3

Boilers for India’s two UMPP 800 MW unit (Gujarat, Tata

Power), Doosan & 6X660 MW unit, Sasan, R Infra

→ Completed major international projects at Shuqaiq, KSA (4X660MW,

SEC) & Bheramara, 360 MW (L&T, Bangladesh)

→ Entry into Oman, Saudi Arabia, Bahrain and Nigeria

→ First O&M project in Public Sector, 2X600 MW, Singareni Collieries

→ Strategic foray into Railway, RVNL, composite package (37 Km, AP) &

Rural Electrification, 33/11 KV Hoshangabad, MPMKVVCL

→ Entry for cross country laying of pipe lines, IOCL

→ Prestigious project Infrastructure Development, Med Tech Zone, A.P

→ Quantum jump in its diversification efforts in the area of iron ore

material handling & associated works, first order from NMDC

→ Major orders in Super Critical Projects 660 MW, Erection,

Structural Fabrication works, Sepco, Adani, BGR, CLP

→ First major Civil Work 2X520 MW, (Vizag, HNPCL), BHEL

→ Entry in Industrial Sector Mechanical & Piping work in

Refineries (Dahej, ONGC & Paradeep, IOCL)

→ First major Erection of Gas Turbine & Civil Work, 4X100

MW, Yemen, Marib, BHEL

→ Entry in Hydro Power O&M & Mini EPC

→ Listing in BSE & NSE, overwhelming response

subscribed by 38 times

→ Major O&M of 4X600 MW at Jharsuguda, Vedanta

→ Started manufacturing facility at Noida

→ Entry in Steel Sector, Erection & Fabrication work 3.0

MTPA & 2.7 MTPA, Nagarnar (NMDC) & Angul (JSPL)

→ First FGD Work 500 MW, Vindhyachal, GE

2017-21

4

Page 5: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Established a track record of successfully

executing ETC-BTG and BOP contracts for

large power projects

Engaged on ETC-BTG projects for the first

two ultra-mega power projects (UMPPs)

(Mundra & Sasan) as well as for 19 super-

critical power projects in India

These include up to 800 MW unit capacity

super-critical projects

Carried out the overhauling of a super-

critical 660 MW turbine and providing AMC

services for an ultra-mega power project

(UMPP)

In addition to our operations in India, we

have also executed various international

power projects in the Middle East, North

Africa, South Asia and South America.

Track record of ~21 years

26,00,000 MT of aggregate tonnage of the erection works executed

64,000 MW, engaged on ETC-BTG and BOP Works so far

55,000 MW, the aggregate unit capacity of the AMCs we are engaged in

520Number of O&M contracts that we have been engaged in, since thecommencement of the O&M business

300Number of Cranes, ranging from 10 ton to 300 ton in capacity enablingthe Company to quickly and effectively mobilize project works

45 Number of AMC services for power plants across India

19Number of super critical power projects where we executed ETC-BTGprojects

2 We executed ETC-BTG for both first 2 UMPPs in India

170 Km’s of Cross Country Pipeline

4,00,000 Cubic meter of earth work completed under Railway Project

1,00,000 Cubic meter ballast supplied to Railways

Established Track RecordIntegrated power infrastructure services

5

Page 6: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Our Service presence across key areas

Power Projects (Ultra Mega, SuperCritical, Sub Critical & CombinedCycle Power Projects), Nuclear,Refinery & Petro Chemicals, SteelPlant, Oil Pipe Line & Cement Erection, Testing &

Commissioning of BTG & BOP Steam Generators & Auxiliaries Steam Turbine Generators & TG

Auxiliaries Critical Piping, LP & HP Piping Structural Steel, Coal Handling

Plant, Ash Handling, CoolingWater System, Fuel Oil System

ESP, Ducts, FGD & SCR

Industrial Construction

6

Industrial Construction Industrial Services (O&M)

Overhauling and Maintenance ofBoiler, Turbine & Auxiliaries

R&M of BTG, GTG

Repair, Modification andRehabilitation of Boiler

Revival and Life Extension, etc

Coal Handling Plant

BOP packages

Trouble Shooting

Upgrade & Retrofits

Rebuilds & Plant Relocation

International Operations

Erection, Testing & Commissioning of Oil Fired Boiler, HRSG,Reserve/Auxiliary Boiler & BOP

Steam Turbine Generators &Auxiliaries, Gas TurbineGenerators & Auxiliaries

Combined Cycle Power Piping,LP & HP Piping, HighPressure Piping, Structural Steel,Plant, Cooling Water System,Fuel Oil System

ESP, Ducts, & SCR, RotatingEquipment‘s

Desalination Plants Civil Works

Infrastructure Construction (Civil)

Power Plants, Railway, IndustrialProjects etc. Foundation, Decks, Plant

Buildings, Chimney & CoolingTowers

Geothermal Soil Exploration Mass Excavation, Area Grading &

Land Development Bored Cast & Driven Cast Piping Water & Canal Works Permanent Way – EWE Permanent Way Linking Works Track Linking Minor & Major Bridges Industrial Buildings

Page 7: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Our Service presence across key areas (cont..)

Extra High Voltage SubstationWorks

Construction of 33/11 KvSubstations

Strengthening of existingSubstations

Construction of 33 Kv & 11 KvLines

Construction of Transmission ofLines

Optical Fiber Networks

OHE, S&T

Industrial Construction

7

Electricals Hydro Power & Water

Supply & construction of Hydropower plants

Renovation & modernization

AMC & O&M, after salesservices, spares management,RLA Study, LTSA

Trouble shooting of chronicproblems by providing valueadded technical solutions inElectromechanical and Hydro-mechanical fields

EPC of mini hydro projects

Sewage treatment plant(STP’s)

Manufacturing

Fabrication of Heavy Structures,

Large & High Pressure Tanks,

Heavy Trusses, Ducts, Pipes etc

Repair of Steam & Hydro

Turbines

Tie-up with Major OEMCompanies for authorizedproduction of critical & generalspares, etc

Reverse Engineering of spares

Page 8: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Company Strengths

Large talent with Highly Experienced Management Team with strong industry background

Strong execution capabilities across verticals

Marquee clientele: Long-term relationships with major OEM, EPC players and Utility companies

Project handling capabilities across the globe

Qualified Independent Board & best Corporate Governance

Huge Asset Base with over 300 Cranes and construction equipments

Comprehensive service provider in Power Sector

Largest service provider in O&M space

Well diversified business profile with stable revenue generating higher margins

Robust Financials

8

Page 9: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Qualified BoardSajja Kishore Babu, CMD

Founder of the company holds bachelor’s degree in Mechanical Engineering. He has 35 years of experience in power and infra sector. He is an able administrator and Dynamic Leader, and he also serves the board of subsidiary & JVs

Vivek Paranjpe, Independent Director

B. Sc (Honors), post graduated from XLRI, over 40 years of experience, served as Group President of RIL. Currently Strategic HR advisor to RIL and Independent Director, MotilalOswal Fin. Services

M Rajiv Kumar, Non Executive Director

Graduate in electrical engineering, he spent his entire career of 38 years in BHEL, rising to the level of Executive Director, Power Sector, Eastern Region

Sajja Lakshmi, Non Executive Director

She is a science graduate and holds place in HR management of the company & also member of CSR committee of the company. She is interested in social service activities offering her time and energy Enthusiastically

GDV Prasada Rao, Independent Director

M.E(Chem), retired as a GM in Andhra Bank after ~28 years, currently VP of HEAL, an NGO working with orphans & poor children

T. Sankaralingam, Independent Director

B.E(Elec), around 40 years of experience in the power sector, served as CMD of NTPC and MD of BGR Energy in the past. Also worked at BHEL

9

Lasya. Y, Independent Director

Post Graduate in Management from ISB, MS in Electrical engineering from university of Texas. She has 15 years of experience in IT Project Management and delivery , client engagement

Page 10: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Professional and Experienced Management Team

S Kodandaramaiah, Director – Business Development

Post graduate in mechanical engineering. More than 4 decades ofexperience in power and industry sector related to EPC, Construction,project management, Business Development. Worked in BHEL, GE.

Janardhan Kar, Director O&M

Rich experience of more than 40 years in the field of Power Sector. He was associated with NTPC & Chattisgarh State Power Generation Co.

S Amarnath: Executive Director (Non Board)

Diploma in Civil Engineering with 35 years of experience in Power andIndustrial Construction. Previously he was associated with IndwellConstructions.

J. Satish , CFO

MBA, Chartered Accountant by Profession. He has got more than 18 years of experience in the field of Finance & Accounts. He has worked with PWC, Deloitte, Kerzner International, Indu Projects & Emaar .

Anantha Reddy, VP- Electrical T&D

MBA in Project Management, B.E.E. (AMIE) Kolkatta & Diploma inElectrical Engineering. 28 Years of Experience in BusinessDevelopment, Project Management and Site Execution of T&D.

M. Rajendran, COO

Degree in Civil Engineering. He has more than 38 years ofexperience in construction & project management in power &industrial sector. He was associated with BHEL .

G. Srinivasulu – Executive Director (Non Board)

Has more than three decades of rich experience in the PowerSector dealing in Project & Construction Management,Erection & Commissioning.

Arbind Koul, MD Hydro Magus P.Ltd

38 years of experience in installing, maintaining, and repairingHydro Generators and Hydro Turbines. He was associated withBHEL and BC Hydro Britsh Columbia, Canada.

K Ajay Kumar, Sr.VP – O&M

BE Mechanical, he has more than 23 years of experience inOperation & Maintenance, Business Development. Previouslyhe was associated with Indwell Constructions.

Biswajit Das - VP – O&M

B Sc Engineering (Electrical). With more than 30 years ofexperience in erection, commissioning and maintenance oflarge power plants. He was with Lanco Infratech .

10

Page 11: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Top ShareholdersShareholding Pattern

7.21%

11

S No Name Shares Category Percentage

1 Promoters & Family 92,04,074 Promoter 62.57%

2 HDFC Small Cap Fund 10,03,126 MUT 6.82%

3 Vantage Equity Fund 6,29,553 AIF 4.28%

4 IDFC Multi Cap Fund 4,17,737 MUT 2.84%

5 Banyantree Growth Capital II L.L.C 3,56,051 FPI 2.42%

6 IIFL Re Organise India Equity Fund 1,23,805 AIF 0.84%

7 IA All Cap Fund 67,445 AIF 0.46%

8 Aditya Birla Sun Life Trustee 68,533 MUT 0.46%

9 Adesh Ventures LLP 36,875 LTD 0.25%

10 NRI Vantage Equity Fund 27,281 AIF 0.19%

11 First Water Fund 23,966 FPC 0.16%

62.57%14.34%

10.12%

5.92% 2.58%

2.46%0.67%

Promoters

Resident Individuals

Mutual Funds

Alternative Investment Funds

Foreign Portfolio-Corp

Bodies Corporate

Non Resident Indians

Page 12: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Established Relationships with Clients – Domestic Projects

12

Page 13: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Established Relationships with Clients – International Projects

13

Page 14: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Large construction equipment base

Primavera

&

MS Project-Application

8,700 HR Base

Engineers, Supervisors,

Technicians, HSE, FQA Other Staff

SBU Heads

For Project Responsibility

SAP

Site level, Support functions

Productivity

Infra for Project Management

Capability Centers

Construction, Quality, Safety, Facility

Engineering14

Page 15: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Business StrategyExpanding the services footprint & leveraging technical expertise to target higher margin contracts

15

Back ward and forward integration has been at the core

of the Company’s business consolidation and growth, and

this motto continues to drive the future endeavors

Expanding O&M profile and increased penetration in the domestic sector of IPP base,

Utility sector of Central and State utilities, Captive Thermal power base, and integrating the spares

business

Entering into value added services by synergizing the existing ETC

capabilities into non-power sector for increased business growth in

metal, steel, minerals, petrochemicals etc.

To integrate the construction capabilities with EPC

opportunities available in material handling jobs using the strong

Civil and ETC base already established for improved growth

Further geographical expansion in export space and consolidation of

business in Middle East, Africa, Bangladesh for new investments

in petro chemicals, refineries, desalination plants

Identifying feasible and rewarding EPC contracts in infra segment in

Railway, Roads, Urban Infra Development, Energy,

Transmission and Distribution

Continued efforts to foray into FGD retrofit investments taking place with suitable tie ups with

EPC players and technology providers

Enhancing project execution capabilities and project delivery mechanism for better utilization

of existing assets, human and capital resources for improved

asset turnover, and strengthening IT infra for real time project

execution and timely execution of projects.

Page 16: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

O&M (AMC, R&M,

Trouble shooting

etc)

Solar

ThermalDomestic

GAS (Power)

Exports (Thermal)

Refinery & Petro

Chemicals

Captive Power

Steel

Hydro

Fully developed

To be developed

Partially developed

Expanding of O&M service into other sectors & new horizons

16

Page 17: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Expanding Horizons……

…..Broadening Capabilities

Expanding Horizons……

…..Broadening Capabilities17

Page 18: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Q1 FY21 – YoY Consolidated Financial PerformanceTotal Income EBIDTA PAT

INR in million

Erection Civil & Other Works O&M Electrical Works

Q1 Revenue

18

4,931

2,769

-

1,000

2,000

3,000

4,000

5,000

6,000

Q1FY20 Q1FY21

662

-120 (200)

-

200

400

600

800

Q1FY20 Q1FY21

13.4%

-4.34%

284

-326 (400)

(300)

(200)

(100)

-

100

200

300

400

Q1FY20 Q1FY21

5.8%

-11.8%

1,766

598

-

500

1,000

1,500

2,000

Q1FY20 Q1FY21

1,413

1,203

1,000

1,100

1,200

1,300

1,400

1,500

Q1FY20 Q1FY21

370

201

-

100

200

300

400

Q1FY20 Q1FY21

1,349

740

-

500

1,000

1,500

Q1FY20 Q1FY21Note: Lock down due to Covid impacted operations significantly, hence the current results are not comparable with previous quarter performance

Page 19: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

12M FY20 – YoY Consolidated Financial PerformanceTotal Income EBIDTA PAT

INR in million

Erection Civil & Other Works O&M Electrical Works

12M FY 20 Revenue

19

22,754

21,740

21,000

21,500

22,000

22,500

23,000

12MFY19 12MFY20

3,049

2,801

2,600

2,700

2,800

2,900

3,000

3,100

12MFY19 12MFY20

13.4%

12.9%

1,216

1,313

1,150

1,200

1,250

1,300

1,350

12MFY19 12MFY20

5.3%

6.0%

7,440

7,492

7,400

7,420

7,440

7,460

7,480

7,500

12MFY19 12MFY20

5,660

6,475

5,000

5,500

6,000

6,500

7,000

12MFY19 12MFY20

1,041

1,470

- 200 400 600 800

1,000 1,200 1,400 1,600

12MFY19 12MFY20

8,425

6,167

-

2,000

4,000

6,000

8,000

10,000

12MFY19 12MFY20

Page 20: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

7,990 6,437 6,484 7,440 7,492

2,038 2,048 3,434

8,425 6,167 3,750 4,859

5,176

5,660 6,475

- -345

1,041 1,470

-

5,000

10,000

15,000

20,000

25,000

FY16 FY17 FY18 FY19 FY20

Electrical O&M Civil Works Erection Works

755 651 795 1216 1313

5.5%4.8% 5.1%

5.3%6.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

0

200

400

600

800

1000

1200

1400

FY16 FY17 FY18 FY19 FY20

PAT PAT Margin

13,778 13,344 15,439 22,566 21,604

Contract Revenue

Profit After Tax inching higher

FY20 Financial Performance (consolidated) INR in million

1,875 1,737 2,090 3,049 2,801

13.5%

12.9%

13.4% 13.4%

12.9%

12.6%

12.8%

13.0%

13.2%

13.4%

13.6%

-

500

1,000

1,500

2,000

2,500

3,000

3,500

FY16 FY17 FY18 FY19 FY20

EBIDTA EBIDTA Margin

EBITDA Margins continue to remain healthy….

58%48% 42%

33% 34%

15%16% 22% 37% 29%

27%36% 34% 25%

30%

7%

0%

20%

40%

60%

80%

100%

120%

FY16 FY17 FY18 FY19 FY20Electrical O&M Civil works ETC

Revenue mix with high-margin O&M services segment

20

5%2%

Page 21: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

FY20 Financial Performance (consolidated) INR in million

High Asset Turnover … testament to higher efficiency

2,198 2,181 2,085 1,933 1,813

6.29 6.177.45

11.77 11.92

0

2

4

6

8

10

12

14

-

500

1,000

1,500

2,000

2,500

FY16 FY17 FY18 FY19 FY20Net Fixed Asset Turnover to NFA

21.3%

16.5%18.4%

23.7%

18.2%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

FY16 FY17 FY18 FY19 FY20

Return on Capital Employed 16.6%

11.1%12.0%

16.0%14.8%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

FY16 FY17 FY18 FY19 FY20

Return on Networth

Healthy net debt equity ratio provides significant headroom for growth

5,548 6,207

6,985

8,194

9,512

1,831 1,308 1,585 2,429

3,844

0.33 0.21

0.23

0.30

0.40

-

0.20

0.40

0.60

-

1,500

3,000

4,500

6,000

7,500

9,000

10,500

FY16 FY17 FY18 FY19 FY20Networth Net Debt Net Debt/Equity

21

Page 22: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Robust Order Book: Stronger Revenue visibility for next 3 years

49 %

34%

85%

15%

55%

INR in million

22

Note: 1. Projects cancelled / suspended / on hold are excluded from the above2. Order back log as on 31st March 2020 is Rs 45,748 Mn3. Order back log as on 15th September 2020 is Rs 71,368 Mn

13,778 13,344 15,439

22,566 21,604

15,375

17,950 21,064

27,715

19,523

35,238 37,050

42,677

47,830 45,748

-

10,000

20,000

30,000

40,000

50,000

60,000

FY 16 FY 17 FY 18 FY 19 FY 20

Contract Revenue

Order Inflow

Order Back Log

Page 23: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Robust Order Book: Stronger Revenue visibility for next 3 years (cont..)Order backlog as on 31st March 2020 Rs. 45,748 Mn

INR in million

Order Inflow during 12 M FY 20 (up to 31st March 2020) Rs. 19,523 Mn

23

Order Inflow up to 15th Sep 2020 Rs. 28,362 Mn Order backlog as on 15th Sep 2020 Rs. 71,369 Mn #

Power : 60% & Non Power 40%Power : 44% & Non Power 56%

# 1. Works executed post 30th June 2020 not considered

2. Back log oder book exclude projects cancelled / suspended / on hold

5,818

6,591

-

7,114

Erection

O&M

Electrical Works

Civil & Other Works

30 %

34 %

36 %

Power : 83% & Non Power 17%

20,541

9,959

2,975

12,273 Erection

O&M

Electrical Works

Civil & Other Works

45 %

22 %

7 %

26 %

Power : 70% & Non Power 30%

5,562

2,621

-

20,179

Erection

O&M

Electrical Works

Civil & Other Works

20%

9%

71%

25,505

11,364 2,774

31,726

Erection

O&M

Electrical Works

Civil & Other Works

36%

16%

4%

44%

Page 24: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

INR in million

Balance Sheet (Consolidated)Income Statement (Consolidated)

Financial Snapshot | Consolidated Income Statement & Balance Sheet

24

Particulars FY16 FY17 FY18 FY19 FY20

Revenue from operations 13,782 13,382 15,478 22,613 21,647

Other Income 55 77 67 141 93

Total Income 13,837 13,459 15,546 22,754 21,740

Cost of materials 1,145 1,245 1,964 3,264 3,238

Change in inventories 5 -29 -85 31 -129

Contract execution exp. 8,989 7,928 8,145 12,151 12,313

Personnel Cost 1,549 2,265 3,122 3,932 3,247

Other expenses 275 313 310 327 270

Sub-total 11,963 11,722 13,456 19,705 18,939

EBIDTA 1,875 1,737 2,090 3,049 2,801

Finance costs 329 329 359 551 741

Depreciation and amort. 390 410 428 458 394

Share of profit from JV’s 3 6 -2 15 16

PBT 1,158 1,004 1,300 2,056 1,682

PAT (before MI) 757 651 908 1,432 1,307

Minority Interest 2 0 113 216 -6

Restated PAT (after MI) 755 651 795 1,216 1,313

PAT Margin 5.5% 4.8% 5.1% 5.3% 6.0%

Particulars FY16 FY17 FY18 FY19 FY20

Assets

Fixed Assets 1,978 2,062 2,025 1,899 1,787

CWIP (incl. unallocated capex) 220 119 60 33 26

Non-current investments - 9 1 313 329

Other Non Current Assets 1,872 1,936 1,966 2,663 2,579

Total Current Assets 8,305 8,697 10,396 13,078 17,481

Less: Current Liab. & Prov. 6,343 6,273 7,623 9,418 12,748

Net Current Assets 1,962 2,424 2,774 3,660 4,733

Cash & bank 686 805 1,397 1,284 1,193

Total 6,718 7,355 8,222 9,852 10,647

Liabilities

Long Term Borrowings 214 155 277 452 298

Deferred Tax Liabilities 42 21 - - -

Other Non Current Liabilities 910 950 822 1,125 756

Minority Interest 4 21 138 81 81

Shareholder's Fund 5,548 6,207 6,985 8,194 9,512

Total 6,718 7,355 8,222 9,852 10,647

Page 25: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Our Projects

25

Page 26: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

3X800 MW, BOILER, ESP, PIPING, STG KUDGI , DOOSAN, L&T & TOSHIBA

2X600MW TPP, BOILER & STG, MANGALORE, LANCO (COMPLETED)

2X660 MW IBTPS, STRUCTURE & STG, BANHARPALLI, BHEL

2X660 MW JTPP, BOILER,ESP & CP, JHAJJAR, STEPC (COMPLETED)

2X660 MW STPP, BOILER, ESP U#1&2, SOLAPUR, BGRESL

3X660 MW STPP, BOILER & CRITICAL PIPING, U#1,2&3, BARH, DOOSAN

BLAST FURNACE, STEEL PLANT WORK, JSPL, ANGUL

R-LNG PIPELINE FROM ENNORE LNG TERMINAL TO MFL-ENNORE , IOCL

366 MW REFINARY, GTG, STG, HRSG & PIPING, PARADIP, BHEL

INDUSTRIAL CONSTRUCTION: DOMESTIC PROJECTS (ERECTION, TESTING & COMMISSIONING)

1X660 MW TPP, BTG, HARDUAGANJ, DOOSAN 3X660 MW ,BOILER, ESP,CP, STRUCTURE & STG, NABINAGAR, BHEL

2X500 MW STPP,BOILER, ESP STG, VINDHYACHAL, BHEL (COMPLETED)

BOILER, ESP, TG AUXILIARIES, UMPP 800 MW, GUJARAT, TATA POWER (COMPLETED)

BOILER, ESP, STRUCTURE, TG

AUXILIARIES,UMPP 6X660MW, SASAN, R INFRA (COMPLETED)

2X660 MW STPP, BOILER , ESP, STRUCTURE & STG U#7&8, SURATGARH, BHEL

26

Page 27: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

1X800 MW TPSS, CIVIL, STRUCTURAL AND ARCHITECTURAL WORK UNIT-12, KOTHAGUDEM, BHEL

1X800 MW TPSS, CIVIL, STRUCTURAL AND ARCHITECTURAL WORK STAGE-3, NORTH CHENNAI, BHEL

GDV-MTM 37 ,DOUBLING & ELECTRIFICATION WORKS , RVNL

1X500MW, FGUTTP, CIVIL, STRUCTURAL AND ARCHITECTURAL WORK FOR BTP, BOP & CHP, UNCHAHAR, NBPPL

2X800 MW, YTPS, CIVIL, STRUCTURAL AND ARCHITECTURAL WORKS RAICHUR, BHEL (COMPLETED)

3X366 MW CCPP, CIVIL, STRUCT. & ARCH. WORK, IOCL PARADIP, BHEL

1X100 MW CCPP, BALANCE CIVIL & STRUCTUAL WORKS, NAMRUP, BHEL (COMPLETED)

2X660 MW TP9, CIVIL, STRUCTURAL & ARCHITECTURAL WORK UNIT-7 & 8, SURTGARH, BHEL

3X660 MW, STPP, STG,BOP ,NORTH KARNAPURA, BHEL

1X110 MW, CIVIL AND STRUCTURAL WORKS ,R&M OF MAIN PLANT, BATHINDA, BHEL (COMPLETED)

1X800 MW TPSS , CIVIL, STRUCTURAL WORKS, NORTH CHENNAI, BHEL

1X500 MW, FGUTTP, CIVIL, STRUCTURAL AND BOP & CHP, UNCHAHAR, NBPPL

INFRASTRUCTURE DEVELOPMENT WORK, AP MEDI TECH ZONE, VIZAG

INFRASTRUCTURE DEVELOPMENT WORK, AP MEDI TECH ZONE, VIZAG

KALWESHWARAM CANAL PROJECT, 54 KM RAMAYAMPET

INFRASTRUCTURE CONSTRUCTION : CIVIL, ARCHITECTURAL & RAILWAY WORKS

27

Page 28: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

INTERNATIONAL OPERATIONS

250 MW SABIYA CCPP, KUWAIT INSTALLATION OF HRSG

2X157 MW GT POWER PLANT, LIBYA(COMPLETED)

6X200 MW HEP, BHUTAN INSTALLATION OF HYDRO TURBINE & GENERATOR

1800 MW ALBA CCPP, BAHRAIN ETC OF GTG,STG,HRSG & BOP

360MW BHERAMARA CCPP, BANGLADESH INSTALLATION OF GTG, STG & HRSG

1516 MW IBRI CCPP, OMAN ETC HRSG,TG

1516 MW IBRI CCPP, OMAN ETC HRSG,TG 1390MW WAAD AL SHAMALISCCPP, SAUDI ARABIA ETC OF HRSG

228MW, STEAMTURBINE,SABIYA, KUWAIT, MAIN OIL PUMP OVERHAULING

1519 MW FADHILI COMBINED HEAT AND POWER (CHP) PLANT KSA

2X640 MW SHUQAIQ THERMAL POWER PLANT, SAUDI ARABIA (COMPLETED)

35 MW GT POWER PLANT, KAZAKSTHAN 1519 MW FADHILI CCPP, SAUDI ARABIA GTG,STG & BOP INSTALLATION

1390MW WAAD AL SHAMALISCCPP, SAUDI ARABIA ETC Of HRSG

3X 126 MW, KHOMS, GECOL, LIBYA TOP CASING LIFTING

28

Page 29: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

SIEMENS -138MW GAS TURBINE PAGUTHAN

TG OVERHAUING 600MW JHARSUGUDA VEDANTA

BEARING DIASSEMBLY AT NTPC-SIMHADRI CONTROL & STOP VALVES OVERHAULING SIPAT 660MW

MAIN TURBINE OVERHAULING ,660 MW KAWAI

TURBINE AOH, 600 MW UDIPI ID FAN AOH,800 MW CGPL MUNDRA UREA REACTOR TANK INSTALLATION AT RAMAGAUNDAM, TELANGANA

CAPITAL OVERHAULING OF TURBINE 63MW, SV POWER , KORBA - ROTOR LIFTING-3

HP HEATER REPLACEMENT 800MW ,CGPL MUNDRA2

CUPLOCK SCAFFOLDING ERECTION 800MW,MUNDRA

MSH LINE MODIFICATION, 600 MW SINGARENI

OPERATION AND MAINTANENCE

29

Page 30: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

MANUFACTURING UNIT (NOIDA) CNC SECTION (NOIDA) SR FURNACE (NOIDA) CNC OXY FUEL CUTTING (NOIDA)

HYDRO GENERATOR UNDER ASSEMBLY FOR SUNDARIJAL HYDRO PROJECT, NEPAL

FRANCIS RUNNER ASSEMBLY UNDERGOING NDT TESTING FOR UPPER KALLAR HYDRO PROJECT, KERALA

TURBINE EQUIPMENT ASSEMBLY SUNDARIJAL HYDRO PROJECT, NEPAL

NEWLY REWOUND 30MW HYDRO GENERATOR AT UMIAM STG-III HYDRO PROJECT

HEAVY DUTY CENTRE LATHES( NOIDA) VTL(MANUAL+CNC (NOIDA) PLANO MILLER, CND (NOIDA) 3 ROLL PLATE BENDING MACHINE (NOIDA)

MANUFACTURING FACILITY & HYDRO POWER SERVICES

30

Page 31: Growth Unlimited€¦ · This presentation may contain statements that are “forwardlooking statements.”The company’sactual future results may differ materially from those suggested

Thank You

For investor queries, please contact:

Ph: +91-040-30444418

Email: [email protected]

31