Sanghvi Movers Limited has informed the Exchange about Investor Presentation for the period ended on 30 September 2022
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
SANGHVI
REF: SML/SEC/SE/22-23/41
Date: 10 November 2022
By Online filing
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, Bandra Kurla Complex, Bandra East, Mumbai - 400051 Kind Attn.: Mr. K. Hari - Asst. Vice President Symbol: SANGHVIMOV
Sub.:
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 Investor Presentation for the period ended on 30 September 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, analysts and public at large.
The Investor Presentation is also available on the Company's website i.e. www.sanghvicranes.com .
Thanks & Regards,
For Sanghvi Movers Limited
Rajesh P. Likhite Company Secretary & Chief Compliance Officer
Encl.: As above
INVESTOR PRESENTATION
H1- FY 2022-23
1
Financial Performance For H1- FY 2022-23
Total Turnover ₹ 224.27 Crores
Profit after Tax ₹ 43.38 Crores
Average CU 82%
Avg. Blended Yield 1.82% Per Month
2
Capex For 2022-23
The Company has completed Capex of Rs. 136 Crores during FY 2022-23. The details of Cranes, Prime Movers and Trailers purchased in FY 2022-23 are as under:
CRANES:
Crane Model/ OEM 160 Ton
500 Ton
750 Ton
800 Ton
Total Count
Sany (Brand New)
Liebherr (Used)
Total
2
0
2
0
1
1
Other Assets Purchased till date:
Crane Model/ OEM
Count
Prime Movers
Pick & Carry Cranes
Low Bed Trailers
Telehandler
Total
37
9
3
6
55
2
0
2
2
0
2
6
1
7
Particulars
Capex for Cranes
Amount – Rs.
120 Crores
Capex for Other fixed Assets
16 Crores
Total
136 Crores
3
Financial Performance as on 30 September 2022
Total Debt
₹ 255 Crores
Debt: Equity Ratio 0.33:1
Avg. Borrowing Cost ₹ 8.57%
Net Worth
₹ 773 Crores
4
Sector-wise Revenue for H1- FY 2022-23
H1 FY23
H1 FY 22
% 0 0 1
% 0 0 1
% 0 4
% 1 4
W I N D MI L L S E C T O R
% 0 1
% 6
% 3 2
% 1 1
% 9
% 8
% 1 1
% 2
% 3 2
% 6 1
P O W E R S E C T O R R E F I N E R Y & G A S
S T E E L & ME T A L
C E ME N T
O T H E R I N D U S T R I E S
T O T A L
Wind Mill
Power
Refinery & Gas
Steel & Metal
Cement
Other Sectors
Total
Order-book Positioning
Particulars
Amount in Rs.
Order Book as on 1st November 2022 to be executed during the period of 1 April 2022 to 31st March 2023
Rs. 394 Crores
Order Book as on 1st November 2021 to be executed during the period of 1 April 2021 to 31st March 2022
Rs. 296 Crores
6
Financial Performance
Amount in Crores
Particulars
YTD Sept-22
Q2FY23
Q1FY23
FY 2021-22
YTD Sept-21
Sr.
a)
Income from Operations
b) Other Income c) d) e) f) g)
Total Income (a) + (b) Total Expenditure PBIDIT c) – d) % of PBIDT to Total Income Interest
h)
Depreciation
Profit Before Tax Tax expense (current tax + DTL) Profit After Tax
i) j) k) l) % of PAT to Total Income m) Total Cash Accruals (PAT + Depre.) n) Net Worth o)
Total Loans (Secured + Unsecured)
p) q) r)
Debt : Equity Ratio Average Capacity Utilisation Avg. Gross Yield for the period
206.48
17.79 224.27 100.64 123.63 55% 7.35
59.34
56.94 13.56 43.38 19% 102.72 773.01 255.35
0.33 82% 1.82%
109.24
14.11 123.35 51.35 72.00 58% 3.92
30.51
37.57 8.68 28.89 23% 59.40 773.01 255.35
0.33 80% 1.97%
97.24
3.68 100.92 49.29 51.63 51% 3.43
28.83
19.37 4.88 14.49 14% 43.32 748.42 240.09
0.32 84% 1.71%
335.25
36.99 372.24 197.35 174.89 47% 17.31
118.11
39.47 10.07 29.40 8% 147.51 733.93 167.28
0.23 76% 1.71%
146.99
6.64 153.63 80.07 73.56 48% 8.55
60.22
4.79 2.78 2.01 N.A. 67.79 706.34 178.83
0.25 71% 1.67%
7
Summarized Profitability Statement
Total Income & PBIDT & PBIDT (%)
Half Yearly Total Income - PBIDT - PBIDT (%)
140
120
100
80
60
40
20
-
42%
77
45
32
51%
101
123
59%
55%
70%
60%
50%
77
72
40%
52
49
51
42
35
30%
20%
10%
0%
250
200
150
100
50
-
55%
224
123
101
154
48%
80
74
Q1FY 22
Q1FY 23
Q2FY 22
Q2FY 23
YTD Sept-21
YTD Sept-22
Total Income
Total Expenditure
PBIDT
PBIDT in (%)
Total Income
Total Expenditure
PBIDT
PBIDT in (%)
56%
54%
52%
50%
48%
46%
44%
8
Net Profit and Cash Profit
120
100
80
60
40
20
-
(Rs. in Crores)
103
62
43
2
YTD Sept-21
YTD Sept-22
Net Profit
Cash Profit
9
Operational Parameters
Average Capacity Utilisation of Crane Fleet
Year on Year Average Blended Yield
84%
75%
80%
67%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
1.58%
1.71%
1.72%
1.97%
Q1FY 22
Q1FY 23
Q2FY 22
Q2FY 23
Q1FY 22
Q1FY 23
Q2FY 22
Q2FY 23
10
Total Borrowings & Net Worth of the Company
Amount in Crores
3 7 7
3 3 7
7 6 1
5 5 2
3 1 . 0 3 . 2 0 2 2
3 0 . 0 9 . 2 0 2 2
Total Borrowings
Net Worth
11
DEBT : EQUITY RATIO OF THE COMPANY
3 3 . 0
3 2 . 0
3 1 . 0 3 . 2 0 2 2
3 0 . 0 9 . 2 0 2 2
12
Fleet Of the Cranes as on 30th September 2022
Particulars
Count of SML Crane fleet as on 30th September , 2022
Amount of Gross Block of Cranes
Count of SML Crane Fleet having capacity more than 100MT as on 30th September 2022
Details
389 Nos.
Rs. 2,277 Crores
247 Nos.
% of Gross Block by ‘Crane Fleet having capacity more than 100MT’ as on 30th September 2022
88%
13
Age-Wise Debtors Analysis
Particulars
Debtors Less than 90 days
Debtors between 91 days to 180 days
Debtors between 181 days to 360 days
Debtors 360 days and above (Net of Provision of Doubtful Debts)
Reported Sundry Debtors as per Financials
Amount in Crores
127
21
2
Nil
150
Average Receivable Days (Net of GST Amount included in Debtors)
116 Days
14
Update on Wholly Owned Subsidiary of SML in Vietnam.
• Sanghvi Movers Vietnam Company Limited was incorporated on 16th September 2021 which is Wholly Owned
Subsidiary (WOS) of SML. SML have subscribed Charter Capital of USD 35,000.
• Purpose of
Incorporating Company in Vietnam was
in Vietnam. However, by the time we complete the company formation procedure, we have lost the targeted business opportunities from our customers like GE & Vestas in Vietnam.
to explore crane rental business opportunities
• Post incorporation of WOS in Vietnam, SML have exploited various business opportunities and could not able to deploy any cranes (especially heavy duty cranes) in Vietnam as the fleet capacity utilisation exceeded 90% here in India and we did not have any surplus cranes to deploy in Vietnam.
• On 16th December, 2021 SML had applied for suspension of business operation of its WOS in Vietnam on account of covid reasons and restrictions on movement of manpower on account of covid. Vietnamese have granted us the permission to suspend our business operations up to 15th December, 2022.
• SML is in the process of making an application for extension of suspension of business operations for a another period
of one year
15
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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