Sanghvi Movers Limited has informed the Exchange about Investor Presentation: Pursuant to the requirements of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Discl...
SANGHVI MOVERS LIMITED Regd. Office : Survey No. 92 , Tathawade, Taluka - Mulshi, Pune, Maharashtra - 411033, INDIA : 8669674701/2/3/4 , 020-27400700 Tel. : sanghvi@sanghvicranes.com E-mail Web. : www.sanghvicranes.com CIN No. : L29150PN1989PLC054143
REF: SML/SEC/SE/22-23/11
Date: 25th May 2022
By Online filing
SANGHVI
BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Kind Attn.: Ms. Pooja Sanghvi - Relationship Manager Ref: Code No. 530073
National Stock Exchange of India Limited Exchange Plaza, Sandra Kurla Complex, Sandra East, Mumbai - 400051 Kind Attn.: Mr. K. Hari - Asst. Vice President Symbol: SANGHVIMOV
Sub.: Revised Investor Presentation
Dear Sir/Madam,
Pursuant to the requirements of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the revised Investor Presentation on Financial Results for the quarter and year ended on 31 March 2022.
You are requested to take the same on your records and further place the same on your website for the information of shareholders, investors, analyst and public at large. The Audited Financial Results (Standalone and Consolidated) are also available on the company's website, i.e. www.sanqhvicranes.com.
Thanks & Regards, For Sanghvi Movers Limited
;R_~ .~
Rajesh P. Likhite Company Secretary & Chief Compliance Officer
Encl.: As above
INVESTORS PRESENTATION
FY 2021-22
1
Financial Performance For FY 2021-22
Total Turnover
₹ 372.25 Crores
Profit after Tax ₹ 29.40 Crores
Average CU 76%
Avg. Blended Yield 1.71% Per Month
2
Financial Performance as on 31 March 2022
Total Debt
₹ 167 Crores
Debt: Equity Ratio 0.23:1
Avg. Cost of Borrowing 8.06% p.a.
Net Worth
₹ 733 Crores
3
Capex For FY 2021-22
The company has done Capex of Rs. 111 Crores during FY 2021-22. The details of Cranes purchased in FY 2021-22 is as under -
No. of Cranes imported in FY 2021-22 Crane Model / OEM Sany (Brand New) Liebherr (used) Grove GMK (used) Total :-
110 Ton 6 0 0 6
160 Ton 4 2 0 6
300 Ton 0 2 2 4
800 Ton (#) 2 0 0 2
Total 12 4 2 18
(#) During the month of Feb-22, we have opened Import Letter of Credit for these Cranes. The shipment of these cranes happened from Shanghai Sea Port in the month of March-22 and these Cranes are delivered in the second week of April-22 and therefore shown as Capital Account Commitment in the financial statements.
4
Sector-wise Revenue for FY 2021-22
120%
100%
80%
60%
40%
20%
0%
40%
34%
100%
100%
9%
11%
21%
14%
6%
9%
11%
7%
20%
18%
2021-22
2020-21
Wind Mill
Power
Refinery & Gas
Steel & Metal
Cement
Other Sectors
Total
Order-book Positioning
Particulars
Order Book as on 07.05.2022 to be executed during the period 01.04.2022 To 31.03.2023
Order Book as on 07.05.2021 to be executed during the period 01.04.2021 To 31.03.2022
Rs. in Crores
₹ 236 Crores
₹ 122 Crores
6
Financial Performance for FY 2021-22
Income from Operations
Sr Particulars a) b) Other Income c) Total Income (a) + (b) d) Operating Expenses e) (% of Income from Operations) f) Repairs & Maintenance Expenses (% of Income from Operations) g) h) Personnel Cost i) Admin & Other Expenses j) Bad Debts/PDD k) Total Expenditure l) PBIDIT c) – d) m) % of PBIDT to Total Income n) Interest o) Depreciation p) Profit Before Tax q) Tax expense (Current tax + DTL) r) Profit After Tax s) % of PAT to Total Income t) Total Cash Accruals (PAT + Depre.) u) Net Worth v) Total Loans (Secured + Unsecured) w) Debt : Equity Ratio Sanghvi Movers Ltd. x) Average CU Financial Performance Report (Q3/FY22) y) Average Gross Yeild
FY 22 (AUDITED) 335.25 36.99 372.24 103.74 31% 21.72 6% 24.52 27.83 19.54 197.35 174.89 47% 17.31 118.11 39.47 -10.06 29.41 8% 147.52 733.93 167.28 0.23 76% 1.71%
Q4 FY22 109.31 22.09 131.40 33.09 30% 5.60 5% 6.51 8.79 19.65 73.64 57.76 44% 4.14 28.84 24.78 -6.21 18.57 14% 47.41 733.93 167.28 0.23 88% 1.88%
Q3 FY22 79.34 7.88 87.22 26.95 34% 5.14 6% 5.89 6.23 -0.56 43.65 43.57 50% 4.62 29.05 9.90 -1.08 8.82 10% 37.87 715.15 162.69 0.23 75% 1.66%
Q2 FY22 70.16 6.83 76.99 22.70 32% 6.10 9% 6.13 7.10 -7.28 34.75 42.24 55% 4.32 29.77 8.15 -3.62 4.53 6% 34.30 706.34 178.83 0.25 67% 1.72%
Rs. in Crores
Q1 FY22 76.44 0.19 76.63 21.00 27% 4.88 6% 5.99 5.71 7.73 45.31 31.32 41% 4.23 30.45 -3.36 0.85 -2.51 N.A. 27.94 712.21 182.29 0.26 75% 1.58%
FY 21 (AUDITED) 223.89 29.14 253.03 69.01 31% 17.97 8% 19.91 22.04 7.65 136.58 116.45 46% 26.30 122.10 -31.95 -9.53 -22.42 N.A. 99.68 709.00 197.49 0.28 7 56% 1.50%
Break Up of Other Income
Sr.
Particulars
Rs. in Crores
1
2 3 4 5 6
7
Reversal of notional loss on Fair Value of Call Obligation w.r.t. investment in Equity Shares of Suzlon Energy Limited (SEL) Profit on Sale of Equity Shares of Suzlon Energy Ltd. Profit on Sale of 6 Nos. Cranes sold during FY 22 Liabilities/Provisions written back to the extent no longer required Reversal of PDD made in earlier years pursuant to recovery of dues Reversal of PDD on account of monies written off as Bad Debts since the dues were outstanding for more than 3 years and all efforts to recover money proved futile due to insolvency of the concerned corporate debtor (#) Others Total Other Income
5.17
1.20 4.29 0.49 6.76 18.13
0.96 37.00
(#) Note: In the earlier financial years, the Company had made certain Provision for Doubtful debts w.r.t. some customers whose probabilities of recovering the money was bleak. Simultaneously, company has initiated necessary legal actions against those customers including filing of petition before appropriate NCLT. After due consideration, it is revealed that they are no likelihoods, that these monies would be recovered from those defaulting customers, hence as a prudent accounting practice, company has written off those amounts as bad debts by reversing the provision for doubtful debts made in earlier financial years.
Consequently the accumulated provision for doubtful debts has been reduced to that extent as on 31st March, 2022. The summarized position of Provision for Doubtful Debts is as under –
Sr. Particulars 1 2 3
Accumulated Provision for Doubtful Debts as on 01.04.2021 Less : Reversal of PDD made in earlier years pursuant to recovery of dues Reversal of PDD on account of receivables written off as Bad Debts since the dues were outstanding for more than 3 years and all efforts to recover money proved futile due to insolvency of the concerned corporate debtor
4
Accumulated Provision for Doubtful Debts as on 31.03.2022
Rs. in Crores 46.35 6.76 18.13
21.46
8
Summarized Profitability Statement
Total Income
Total Expenditure (#)
PBIDT
PBIDT in (%)
Rs. in Crores
372
49%
326
46%
47%
42%
295
248
145
35%
193
104
102
253
166
160
137
116
197
175
FY18
FY19
FY20
FY21
FY22
60%
50%
40%
30%
20%
10%
0%
9
400
350
300
250
200
150
100
50
-
Year on Year Summarised Profitability Statement
Total Income
Net Profit / (Loss)
Cash Profit
Rs. in Crores
372
295
326
248
253
79
83
134
100
F Y18
(57)
F Y19
(58)
F Y20
(7)
F Y21
(22)
148
29
F Y 22
10
Operational Parameters
Year on Year Average Capacity Utilisation of Crane Fleet
Year on Year Average Blended Yield
72%
76%
59%
56%
41%
80%
70%
60%
50%
40%
30%
20%
10%
0%
FY18
FY19
FY20
FY21
FY22
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
2.15%
1.85%
1.70%
1.71%
1.50%
FY18
FY19
FY20
FY21
FY22
11
Year wise position of total borrowings of the company
Rs. in Crores
600
500
400
300
200
100
-
FY18
FY19
FY20
FY21
FY22
Term Loans
Cash Credit
Unsecured Loans/Deposits
Financial Year Term Loans Cash Credit Unsecured Loans Total
FY18 510 11 21 542
FY19 401 24 20 446
FY20 282 10 21 313
FY21 173 2 22 197
FY22 154 - 13 167 12
Year wise Debt : Equity Ratio of the company
0.69
0.61
0.80
0.70
0.60
0.50
0.40
0.30
0.20
0.10
-
0.43
0.28
0.23
FY18
FY19
FY20
FY21
FY22
13
Debt Profile For FY 2022-23
44
Rs. in Crores
29
15
50
45
40
35
30
25
20
15
10
5
0
Total Obligation for FY 2022-23
Repayment till 30-04-2022
Balance Repayment Obligation for next 11 Months
14
Year wise Debt Repayment Obligation of the company for next 5 years
44
39
42
Rs. in Crores
16
11
50
45
40
35
30
25
20
15
10
5
-
FY 2023
FY 2024
FY 2025
FY 2026
FY 2027
15
Interest Repayment
Year wise Interest Payment made by the company during last 5 years
Rs. in Crores
55
48
41
26
17
60
50
40
30
20
10
-
12.00
10.00
8.00
6.00
4.00
2.00
-
Interest Coverage Ratio
10.29
4.43
3.90
1.89
2.15
FY18
FY19
FY20
FY21
FY22
FY18
FY19
FY20
FY21
FY22
16
Current Ratio for last 5 years
200
180
160
140
120
100
80
60
40
20
-
Rs. in Crores
2.50
2.00
1.50
1.00
0.50
-
FY18
FY19
FY20
FY21
FY22
Total Current Assets
Total Current Liabilities
Interest Coverage Ratio
Financial Year
FY18
FY19
FY20
FY21
FY22
Total Current Assets
Total Current Liabilities
173
137
117
151
110
141
111
91
Interest Coverage Ratio
1.26
0.77
0.78
1.23
178
93
1.91 17
Age-Wise Debtors Analysis
Particulars
Rs. in Crores
Debtors Less than 90 Days
Debtors between 91 Days to 180 Days
Debtors between 181 Days to 360 Days
Debtors between 360 Days and Above
(Net of Provision of Doubtful debts)
109
10
2
Nil
Reported Sundry debtors as per Financials Average receivable Days (Net of GST Amount included in Debtors)
121 116 Days
18
FLEET OF CRANES AS ON 31st MARCH 2022
Particulars
Count of SML Crane Fleet as on 31st March 2022
Amount of Gross Block of Cranes
Count of SML Crane Fleet having Capacity More than 100 MT as on 31st March 2022
% of Gross Block by ‘Crane Fleet having Capacity More than 100 MT’ as on 31st March 2022
Details
387
Rs. 2159 Crores
246
92%
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ABOUT THE COMPANY
Sanghvi Movers Limited, (SML) is incorporated on 3rd November, 1989 as a Private Limited Company & converted into a Limited Company on 2nd November 1994. It has a registered office at Survey No. 92, Tathawade, Taluka Mulshi, Pune 411 033.
SML has made its Initial Public Offer in February, 1995 & raised Equity to the tune of Rs. 17.50 Crores from Public. SML scrip is listed on BSE & NSE.
SML, engaged in the business of providing medium sized Heavy Duty Cranes on rental basis to various private & public sector undertakings. SML has a fleet of 387 Cranes as on 31st March 2022 having Lifting Capacity from 40 Tons to 800 Tons, all these cranes were imported from Germany, USA, UK, Japan, Singapore. SML is the largest Crane Hiring Company in India & ranked 5th in the World by “Cranes International” a Crane Journal (June – 2021 Issue). SML also does Heavy Lift, Lift Planning & Plant Maintenance jobs.
20
SANGHVI
Disclaimer
This presentation contains certain forward looking statements concerning Sanghvi Movers Limited’s future business prospects and business
profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such
forward looking statements. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties,
regarding fluctuations in earnings, our ability to manage growth, competition and economic growth in India. The company does not
undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any
forward looking statements made from time to time by or on behalf of the company. No part of this presentation shall be reproduced,
copied, forwarded to any third party either in print of in electronic form without prior express consent of the company.
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