Jash Engineering Limited

Pratik Patel

CHAIRMAN AND MANAGING DIRECTOR

Dharmendra Jain

CHIEF FINANCIAL OFFICER

50%

and just explain to you that in financial year 2022 the product mix has been something like this, 50% of our business comes from water control gates, 25% of our business from screening equipment, 14%

25%

the product mix has been something like this, 50% of our business comes from water control gates, 25% of our business from screening equipment, 14% comes from valves and 11% balances comes from vario

14%

50% of our business comes from water control gates, 25% of our business from screening equipment, 14% comes from valves and 11% balances comes from various products like hydropower, pumping, proces

11%

from water control gates, 25% of our business from screening equipment, 14% comes from valves and 11% balances comes from various products like hydropower, pumping, process equipment and others. Now,

160 crore

had showing little bit improvement in the profitability. In Q4 our total income has been close to 160 crores as against 129 crores last year. And this last quarter is contributing close to 40% of the finan

129 crore

improvement in the profitability. In Q4 our total income has been close to 160 crores as against 129 crores last year. And this last quarter is contributing close to 40% of the financial year turnover and

40%

ose to 160 crores as against 129 crores last year. And this last quarter is contributing close to 40% of the financial year turnover and in the last quarter again as I said the raw materials price. O

10.1%

I said the raw materials price. On the other annualised basis our PAT margins have come down from 10.1% to 8.6%. At the beginning of the year I was quite confident that we will be able improve from 10.

8.6%

e raw materials price. On the other annualised basis our PAT margins have come down from 10.1% to 8.6%. At the beginning of the year I was quite confident that we will be able improve from 10.1 to 20,

5%

from 10.1 to 20, however, there has been a sharp rise in raw materials and this has taken four to 5% overall cost increase on our total revenue and as a result of that the PAT margins have come do

516 crore

into profitability. So, our consolidated order book position as on 1st May is at all time high 516 crores in which business outside India is 371 crores and make in India is 145 crores. All the subsidi

371 crore

der book position as on 1st May is at all time high 516 crores in which business outside India is 371 crores and make in India is 145 crores. All the subsidiary companies are having good order book positio

“The good part is that is in case of Rodney Hunt in America we have finally broken even and made minor profits this year and finally I can say Rodney Hunt is no more a big concern for us and now we expect it to contribute in future growth as well as profitability.”

“And same the EBITDA margin has reduced because of the same reason, in my last year presentation I had informed that we expect sales of last year due to rising costs of raw material to make -more than last financial year, and that's because of the deferred tax liability we c crores less due to rising cost of raw materials.”

“At the beginning of the year I was quite confident that we will be able improve from 10.1 to 20, however, there has been a sharp rise in raw materials and this has taken four to 5% overall cost increase on our total revenue and as a result of that the PAT margins have come down.”

“And we have good order pipeline as well because projects more than 72 crores are under negotiation as of now currently and we expect to maintain strong order book position in future also based on increasing demand for our products worldwide.”

“For the current year FY22-23 we are expecting Jash Engineering Limited consolidated revenue in excess of 430 crores of which from Jash USA we expect 165 crores in revenue.”

“And let’s inform you about other development which has taken place, as I already informed Rodney Hunt has turned the corner and is profitable and we expect this situation to improve year after year.”

“Others are goods manufactured in our Orange manufacturing facility and we expect that the Orange manufacturing facility will become profitable this year, with sales revenue in which is $8 million which is a listed it should be $11 million.”

“We expect this year to cross $11 million in operating manufacturing revenue in America.”

“We expect this land to be cleared by the town of Orange for the building homes and once they do it, it would help us in significantly raising revenues in excess of $4-5 million by sale of land and this will enable Rodney Hunt to pay back the liablites of Jash Engineering, upgrade the facilities in Orange as well as establish a new plant in Houston.”

“We still have some orders of lower raw material price which we have taken in early 2021 but the proportion of that order is now going down and so we expect significant improvement in our profits in this current year.”

Pratik Patel

27

Siddesh Chawan

13

Navin JR

8

Deep Sahu

5

Zaki Nasser

4

Dilip Sahu

3

Jay Mehta

3

Dharmendra Jain

3

Sanjay Shah

3

Axel Schutte

1

Pratik Patel

Good afternoon everyone. I am Pratik Patel and I am pleased to present to you the results for the FY21-22. We have already uploaded this investor presentation on to the stock exchange. Company overview and product overview is something which most of the existing investors must have already seen. So, I will not go in detail over that if anyone has any questions to ask me later concerning that, I will answer on those. I would like to go directly to the financial results. Before financial results just like to go back and just explain to you that in financial year 2022 the product mix has been something like this, 50% of our business comes from water control gates, 25% of our business from screening equipment, 14% comes from valves and 11% balances comes from various products like hydropower, pumping, process equipment and others. Now, I would like to clarify here that every year this percentages may vary little bit depending upon some product being more successful in some markets or some

Siddesh Chawan

Thank you sir. We will now begin with the question and answer session. To ask a question I will request participants to select raise hand option. The first question is from Navin JR.

Navin JR

Thank you for the opportunity. Last year our margins were impacted due to the raw material inflation and higher shipping costs. So what is the outlook for the current financial year and you also spoke about some legacy orders which were taken at a lower cost, how much approximately in the current order book will they form.

Pratik Patel

These legacy order are now less than 20% of our total order book position. These orders should have gone in execution but because of Covid many projects got delayed so these orders also got delayed and now that prices have gone up we are negotiating with the clients to increase prices but this is a little difficult task. So I can say that out of 516 crores order book positions that we have today around 20% of the orders, are the orders which we have taken when the cost were lower. Regarding the improvement it all depends upon mix, if we are 20% done within this year along with some orders of new costing, I would say between 10 to 12% we would be expecting this year. Please keep in mind that Rodeny Hunt with revenue of $23-24 million should also contribute to backup at least $1.2 million. So, combined consolidated we expect that to be between 10 to 12% in the current financial year.

Navin JR

So my second question was in your presentation you spoke about Indian market which is the prospects are improving and you stated 20 crores potential out of that how much is the addressable for Jash as a company?

Pratik Patel

It is 20,000 crores. In fact, Bombay Muncipal Corporation alone is 26,000 crores, Pune is 15,000 crores, everything put together is more than 30,000 crores. Now the figures are in the public domain that's why I can say with confidence. As far as our concerned I would say 4 years should give us consistently 50-60 crores additional business every year, starting from 2023 end because these projects are just been awarded, so by the time they come to manufacturing at our end it will be 23 end.