Sanghvi Movers Limited has informed the Exchange about Investor Presentation
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/22-23/56
Date : 10 February 2023
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, Mumba i - 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 31 December 2022 .
You are requested to take the same on your records and further place the same on your website for the informc1t ion of shc1r~hQIQ~rs, inv~stors, analysts c1ng put:ili~ c1t lc1rg~.
The !,wester Pr-eseAtatieA is alse available en the Cempany's website i.e. www.sanqhvicranes.com .
Thanks & Regards,
For Sanghvi Movers Limited
Rajesh P. Likhite Company Secretary & Chief Compliance Officer
Encl.: As above
INVESTORS PRESENTATION
FY 2022-23 (April 22 to Dec. 2022)
1
Financial Performance For 9 months of FY 2022-23 (April 2022 to Dec. 2022)
Total Turnover ₹ 354.03 Crores
Profit after Tax ₹ 78.11 Crores
Average CU 82%
Avg. Blended Yield 1.92% Per Month
2
Capex For 2022-23
The Company has completed Capex of Rs. 159.12 Crores during FY 2022-23. The details of Cranes, Prime Movers and Trailers purchased in FY 2022-23 are as under:
Cranes Purchased till date: :
Crane Model/ OEM
Sany (Brand New)
Liebherr (Used)
Total
110 Ton
160 Ton
200 Ton
500 Ton
750 Ton
800 Ton
Total
2
0
2
3
0
3
2
0
2
0
1
1
2
0
2
2
0
2
11
1
12
Other Assets Purchased till date:
Crane Model/ OEM
Count
Capex
Amount in Crores
Prime Movers
Pick & Carry Cranes
Low Bed Trailers
Telehandler
Total
37
15
3
6
61
Capex for Cranes
Capex for Other fixed Assets
Total
138.22
20.90
159.12
3
Financial Performance as on 31 December 2022
Total Debt
₹ 206 Crores
Debt: Equity Ratio 0.25:1
Avg. Borrowing Cost ₹ 8.73%
Net Worth
₹ 808 Crores
4
Sector-wise Revenue for For 9 months of FY 2022-23 (April 2022 to Dec. 2022)
YTD Dec-2022
YTD Dec-2021
% 0 0 1
% 0 0 1
% 1 4
% 0 4
% 0 1
% 8
% 4 1
% 6 1
% 0 1
% 6
% 0 1
% 1 1
% 7 1
% 7 1
Wind Mill
Power
Refinery & Gas
Steel & Metal
Cement
Other Sectors
Total
Order-book Positioning
Particulars
Order Book as on 1st Feb 2023 to be executed during the period of 1 April 2022 to 31st March 2023
Order Book as on 1st Feb 2022 to be executed during the period of 1 April 2021 to 31st March 2022
Amount
Rs. 449 Crores
Rs. 318 Crores
6
Financial Performance
Sr Particulars
YTD - Dec-22
Q3FY23
Q2 FY23
Q1 FY23
FY 22 (A)
YTD - Dec-21
Amount in Crores
Total Income (a) + (b)
Income from Operations
Admin & Other Expenses Bad Debts/PDD
a) b) Other Income c) d) Operating Expenses e) (% of Income from Operations) f) Repairs & Maintenance Expenses g) (% of Income from Operations) h) Personnel Cost i) j) k) Total Expenditure l) PBIDIT c) – d) m) % of PBIDT to Total Income n) Interest o) Depreciation p) Profit Before Tax Tax expense q) r) Profit After Tax s) % of PAT to Total Income t) Total Cash Accruals u) Net Worth Total Loans v) w) Debt : Equity Ratio x) y) Average Gross Yield
Average Capacity Utilisation
328.96 25.07 354.03 81.37 25% 12.66 4% 25.28 28.29 1.10 148.70 205.33 58% 11.59 90.39 103.35 25.24 78.11 22% 168.50 807.74 206.38 0.25 82% 1.92%
122.48 7.28 129.76 25.19 21% 4.36 4% 10.48 7.82 0.21 48.06 81.70 63% 4.24 31.05 46.41 11.68 34.73 27% 65.78 807.74 206.38 0.25 82% 2.15%
109.24 14.11 123.35 28.72 26% 3.54 3% 7.51 10.85 0.73 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 27.46 28% 4.76 5% 7.29 9.62 0.16 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 36.99 372.24 103.74 31% 21.72 6% 24.52 27.83 19.54 197.35 174.89 47% 17.31 118.11 39.47 10.07 29.40 8% 147.51 733.93 167.28 0.23 76% 1.71%
226.33 14.52 240.85 70.65 31% 16.13 18% 18.01 18.93 0.01 123.73 117.12 49% 13.16 89.27 14.69 3.86 10.83 4% 100.10 715.15 162.69 0.23 72% 7 1.65%
Summarized Profitability Statement
Q- on - Q Total Income & PBIDT & PBIDT (%)
123
59%
(Rs. in Crores)
130
63%
51%
101
72
82
49
52
51
48
Q1FY 23
Q2FY 23
Q3FY 23
Total Income
Total Expenditure
PBIDT
PBIDT in (%)
140
120
100
80
60
40
20
-
70%
60%
50%
40%
30%
20%
10%
0%
8
Summarized Profitability Statement
400
350
300
250
200
150
100
50
-
YTD Total Income & PBIDT & PBIDT (%)
(Rs. in Crores)
354
58%
241
49%
124
117
205
149
YTD Dec-21
YTD Dec-22
Total Income
Total Expenditure
PBIDT
PBIDT in (%)
60%
58%
56%
54%
52%
50%
48%
46%
44%
42%
9
Net Profit and Cash Profit
(Rs. in Crores)
169
180
160
140
120
100
80
60
40
20
-
100
78
11
YTD Dec-21
YTD Dec-22
Net Profit
Cash Profit
10
Operational Parameters
Average Capacity Utilisation of Crane Fleet
84%
82%
80%
85%
84%
83%
82%
81%
80%
79%
78%
Q1FY 23
Q2FY 23
Q3FY 23
11
Operational Parameters
Year on Year Average Blended Yield
1.97%
2.15%
1.71%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
Q1FY 23
Q2FY 23
Q3FY 23
12
MOVEMENT OF SECURED LOANS DURING THE PERIOD
250
200
150
100
50
-
154
145
206
46
47
Secured Loans as on 01.04.2022
Additions during the Year
Repayment Till 31.12.2022 (Normal Repayment)
Repayment Till 31.12.2022 (Prepayment)
Secured Loans as on 31.12.2022
13
Total Borrowings & Net Worth of the Company
733
(Rs. in Crores)
808
167
206
31.03.2022
31.12.2022
14
900
800
700
600
500
400
300
200
100
-
DEBT : EQUITY RATIO OF THE COMPANY
5 2 . 0
3 2 . 0
3 1 . 0 3 . 2 0 2 2
3 1 . 1 2 . 2 0 2 2
15
Fleet Of the Cranes as on 31st December 2022
Count of SML Crane fleet as on 31st December , 2022
Amount of Gross Block of Cranes
Particulars
Count of SML Crane Fleet having capacity more than 100MT as on 31st December 2022
% of Gross Block by ‘Crane Fleet having capacity more than 100MT’ as on 31st December 2022
Details
389 Nos.
Rs. 2316 Crores
251 Nos.
93%
16
Age-Wise Debtors Analysis
Particulars
Debtors Less than 90 days
Debtors between 91 days to 180 days
Debtors between 181 days to 360 days (Net of ECL Provision Made)
Debtors 360 days and above (Net of Provision of Doubtful Debts)
Reported Sundry Debtors as per Financials
Average Receivable Days
Amount in Crores
140.58
27.71
3.64
NIL
164.63
121 Days
17
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.
• Pursuant to the discussions held in the previous board meeting (11th August, 2022) and as per suggestions given by board members, the management applied for extension of suspension of business operations for a another period of one year.
• Company has received extension of suspension of business operations vide letter dated 14th December 2022. Total
extension period is from 18 December 2022 to 18th December 2023.
18
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.
19