Jash Engineering Limited

Pratik Patel

CHAIRMAN AND MANAGING DIRECTOR

Dharmendra Jain

CHIEF FINANCIAL OFFICER

Rs.374 crore

nveyance, etc. We have various subsidiaries in the group and our consolidated sales last year was Rs.374 crores year to our five manufacturing units which are worldwide. The company has evolved over a perio

rs,

in India and one is in America and with some minor investments which we plan to do in next two years, we will reach a turnover potential of Rs.500 crores from these units. We have the best plant

Rs.500 crore

me minor investments which we plan to do in next two years, we will reach a turnover potential of Rs.500 crores from these units. We have the best plant Jash Engineering Limited capabilities i

50%

ntribute to the revenue, and water control gate is the biggest contributor to our revenue. Mainly 50% of our revenue come from that and balance comes from screening equipment, valves, hydro power and

2%

r in all three companies. Our consolidated revenue has grown little as a percentage, it is only 2%. There is a small improvement in gross profit also as well as in the EBITDA margin. However pro

Rs.586 crore

med. Our consolidated order book position is at an all time high. The combined order book is at Rs.586 crores out of which the projects outside India are Rs.435 crores and within India is Rs.151 crores. Shi

Rs.435 crore

ime high. The combined order book is at Rs.586 crores out of which the projects outside India are Rs.435 crores and within India is Rs.151 crores. Shivpad as well as Rodney Hunt has a very healthy order boo

Rs.151 crore

is at Rs.586 crores out of which the projects outside India are Rs.435 crores and within India is Rs.151 crores. Shivpad as well as Rodney Hunt has a very healthy order book position, with Jash USA/Rodney Hun

Rs.229 crore

rder book position, with Jash USA/Rodney Hunt our order book position is also at all time high of Rs.229 crores. Our pipeline is also quite strong, we already have negotiated orders of Rs.69 crores as on 1st

Rs.69 crore

me high of Rs.229 crores. Our pipeline is also quite strong, we already have negotiated orders of Rs.69 crores as on 1st August, out of which Rs.59 crores are projects in India and Rs.10 crores projects are

Rs.59 crore

so quite strong, we already have negotiated orders of Rs.69 crores as on 1st August, out of which Rs.59 crores are projects in India and Rs.10 crores projects are outside India. We are already having good

Rs.10 crore

ated orders of Rs.69 crores as on 1st August, out of which Rs.59 crores are projects in India and Rs.10 crores projects are outside India. We are already having good future pipeline and also we have under ne

“We set up five manufacturing units, four are in India and one is in America and with some minor investments which we plan to do in next two years, we will reach a turnover potential of Rs.500 crores from these units.”

“Already major portion of our revenue is coming from export and we expect it to increase in the years to come.”

“So looking to that I will be not too much concerned about what is quoted over here on the first Jash Engineering Limited quarter results.”

“We expect significant improvement in second quarter in all three companies.”

“We are already having good future pipeline and also we have under negotiations order worth Rs.58 crores which we expect to finalize within this month and as our site ratio is quite, sometime it is as high as 80-90%, we expect this type of order inflow to continue.”

“We expect that by end of this financial year we will have at least references of six machines in India.”

“I think 50% is already indigenize another 15-20% will be able to indigenize by November December and the final indigenisation pf level upto 95% would be done by March of this year.”

“This will be running in association with the European company.”

“However, we had already started marketing of these products for last 4-5 months back and I'm glad to inform that for these new products which we aim to develop now, we have already got orders within this month.”

“Overall I would like to say that results are not what you may expect, however Q1 as I said if you see over a year it the results are always subdued in the first quarter.”

Pratik Patel

51

Siddesh Chawan

13

Ashish Rampuria

13

Sanjay Kumar

13

Naveen

11

Sanjay Shah

8

Zaki Nasser

6

Dharmendra Jain

4

Dilip Sahu

4

Niteen Dharmawat

3

Pratik Patel

Good afternoon everyone. I would like to start the presentation in a way, that those who are new to the company would have some idea of what we are doing and then I will go on to the financial results. As you're all aware that we are manufacturing company making equipment for water waste, water treatment plant, pumping station conveyance, etc. We have various subsidiaries in the group and our consolidated sales last year was Rs.374 crores year to our five manufacturing units which are worldwide. The company has evolved over a period of time by acquisition and technical collaboration and today, we have brand strength which can help us to introduce our product throughout the world. The four major acquisitions of the company are Sureseal, Shivpad, Mahr Maschinenbau and Rodney Hunt. And Rodney Hunt was the last acquisition and with these four acquisitions we have enhanced our product range as well as branding in the international market. We set up five manufacturing units, four are in Indi

Siddesh Chawan

Thank you, sir. We'll now begin with the q&a session. The first question is from Mr. Naveen. Please unmute yourself and go ahead.

Naveen

Thank you for the opportunity. So this is regarding Rodney Hunt, we had a bonding facility of approximately 1.5 million if I got it right. So, with the recent tie up, what will it increase to and what kind of orders require bonding facility?

Pratik Patel

First of all, let me explain why bonding facility? What happens is that, the industry in America knows we were not in a position to offer a bond. Suppose your company is not doing good financially then your competitor will go and say that this company will close down anytime, so if you don’t take a bond from this company your project would be in the mess. And they will add up on our clients to ask for bonds, because they can give the bond. In such cases client will ask us to give 100% bonding, say if the order is of $4 million than they may ask us to give $4 million bond which is for ensuring that the order is executed. If the order is not executed they can encash the bond.Now this may depend on client to client, some client having only 500-1000 order may also ask for bond and some for $5 million may ask for bond. But generally it is for higher value and clients are nervous when they see Rodney Hunt financial and that is why they will ask for bond. The $1.5 million which are telling ab

Pratik Patel

So upto $5 million he is willing to sell the bond. So 5 plus 1.5 that is around is around $6.5 million, if big order is there and if someone is asking for bond now we can do it.

Naveen

Sir my second question was regarding Rodney Hunt, last year what was our on-time delivery? And if there were any delays, why it was?