KEC International Limited
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Key numbers — 40 extracted
Rs. 4,275 crore
Rs. 13,742 crore
Rs. 17,200 crore
45%
Rs. 28,000 crore
200%
Rs. 13,114 crore
Rs. 4,361 crore
Rs. 904 crore
Rs. 1,141 crore
Rs. 252 crore
Rs. 355 crore
Guidance — 3 items
Dividend
opening
“With the softening of commodity prices recently, thrust on execution, robust order book + L1 of over Rs 28,000 crore and a strong tender pipeline, we are confident of an improved performance going forward.” About KEC International Limited KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major.”
Dividend
opening
“The Company cannot guarantee that these assumptions and expectations are accurate or exhaustive or will be realised.”
Inter SBU
opening
“300 Cr against 31st Dec’21; with dedicated efforts, the debt levels have largely normalized, and we have been able to bring it closer to the target of ~Rs 2,500 Cr ❑ Net Working Capital (NWC) stands at 137 days as on 31st Mar’22 – An improvement of 4 days against 31st Dec’21.”
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Risks & concerns — 1 flagged
Considering the impact of these exceptional items, the PBT and PAT margins are as below: FY22 v/s FY21 (Including Exceptional Items*) Q4 FY22 v/s Q4 FY21 (Including Exceptional Items*) PBT: Rs.
— Standalone Financial Performance
Speaking time
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Opening remarks
Consolidated Financial Performance
FY22 v/s FY21 (Excluding Exceptional Item*) Q4 FY22 v/s Q4 FY21 Revenue: Rs. 13,742 crore against Rs. 13,114 crore Revenue: Rs. 4,275 crore against Rs. 4,361 crore EBITDA: Rs. 904 crore against Rs. 1,141 crore EBITDA: Rs. 252 crore against Rs. 355 crore EBITDA Margin: 6.6% against 8.7% EBITDA Margin: 5.9% against 8.1% Interest as % to Revenue: 2.3% against 2.0% Interest as % to Revenue: 2.2% against 1.4% PBT: Rs. 443 crore against Rs. 756 crore PBT: Rs. 118 crore against Rs. 266 crore PBT Margin: 3.2% against 5.8% PBT Margin: 2.8% against 6.1% PAT: Rs. 363 crore against Rs. 553 crore PAT: Rs. 112 crore against Rs. 194 crore PAT Margin: 2.6% against 4.2% PAT Margin: 2.6% against 4.5% *In Q2 FY22, there was an exceptional write-off of Rs 44 crore against a legacy arbitration case in South Africa. Considering this impact, the PBT and PAT are as below: FY22 v/s FY21 (Including Exceptional Item*) PBT: Rs. 399 crore against Rs. 756 crore PBT Margin: 2.9% against 5.8% PAT: Rs. 332 crore again
Standalone Financial Performance
FY22 v/s FY21 (Excluding Exceptional Items*) Q4 FY22 v/s Q4 FY21 (Excluding Exceptional Items*) Revenue: Rs. 12,573 crore against Rs. 11,852 crore Revenue: Rs. 3,878 crore against Rs. 4,101 crore EBITDA: Rs. 1,129 crore against Rs. 1,232 crore EBITDA: Rs. 282 crore against Rs. 409 crore EBITDA Margin: 9.0% against 10.4% EBITDA Margin: 7.3% against 10.0% Interest as % to Revenue: 2.1% against 2.0% Interest as % to Revenue: 2.0% against 1.4% PBT: Rs. 756 crore against Rs. 897 crore PBT: Rs. 177 crore against Rs. 328 crore PBT Margin: 6.0% against 7.6% PBT Margin: 4.6% against 8.0% PAT: Rs. 565 crore against Rs. 646 crore PAT: Rs. 145 crore against Rs. 230 crore PAT Margin: 4.5% against 5.5% PAT Margin: 3.7% against 5.6% *In Q2 FY22, there was an exceptional write-off of Rs 44 crore against a legacy arbitration case in South Africa and in Q4 FY22, there was an exceptional provision of Rs. 99 crore, primarily towards impairment of subsidiary in SAE Brazil. Considering the impact of these e
Order Intake and Order Book
Order Intake: Highest ever Order Intake of Rs. 17,203 crore, a stellar growth of 45% against last year Order Book: Order Book as on 31 March 2022 of Rs. 23,716 crore, a robust growth of 24% YoY; L1 of over Rs. 4,000 crore.
Dividend
Recommended a Dividend of Rs. 4/- per equity share i.e. 200% of face value of Rs. 2/- each for FY22 – Total Outflow of Rs. 103 crore. Registered Office: RPG House, 463, Dr. Annie Besant Road Worli, Mumbai 400030, CIN: L45200MH2005PLC152061, India. An Company Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a steady performance for the year. While we are pleased with the impressive growth in order intake and developments on the strategic front, we had a challenging year in terms of Revenue and Profitability, in the face of challenging global headwinds and adverse commodity prices. In line with our strategy of portfolio diversification, our Revenue share of Non-T&D businesses has increased to 50% this year vis-à-vis 42% last year. Our Railway and Civil businesses continued their growth momentum as they expanded their portfolio in new and emerging segments. Our Cables business demonstrated an exemplary performance by clocking its highest ever Revenues and
Inter SBU
Total Net Sales T&D Share Non T&D Share # Others include Solar and Smart Infra FY22 6,889 6,005 884 7,529 3,860 1,897 181 1,524 67 -675 13,742 50% 50% FY21 7,636 6,491 1,146 5,752 3,409 1,080 0 1,062 201 -274 13,114 58% 42% Growth (Y-o-Y) Q4 FY22 Q4 FY21 Growth (Y-o-Y) (₹ crore) -10% -7% -23% 31% 13% 76% NA 44% -67% 146% 5% 1,940 1,687 253 2,564 1,335 665 109 447 7 -229 4,275 45% 55% 2,323 2,081 241 2,125 1,200 498 0 349 78 -87 4,361 53% 47% -16% -19% 5% 21% 11% 34% NA 28% -91% 163% -2% 17 Borrowings & Working Capital (Consolidated) Particulars 31-Mar-22 31-Mar-21 I) Net Debt II) Interest Bearing Acceptances Total (I + II) 2,613 2,152 4,765 1,679 1,526 3,205 Increase/ (Decrease) YoY 934 626 1,560 31-Dec-21 2,913 1,938 4,851 Increase/ (Decrease) QoQ -300 214 -86 (₹ crore) ❑ Reduction in net debt by Rs. 300 Cr against 31st Dec’21; with dedicated efforts, the debt levels have largely normalized, and we have been able to bring it closer to the target of ~Rs 2,500 Cr ❑ Net Working Capital (
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