Sanghvi Movers Limited has informed the Exchange about Investor Presentation
SANGHVI
Date: 07 November 2023
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 GIN No. : L29150PN1989PLC054143
REF: SML/SEC/SE/23-24/55
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 2023.
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_,,t.ikhite Company Secretary & Chief Compliance Officer
Encl.: As above
IMI
INVESTORS PRESENTATION
H1 - FY 2023-24
1
Financial Performance For H1 2023-24
SANGHVI
Total Turnover ₹ 296.82 Crores
Profit after Tax ₹ 78.93 Crores
Average CU 83%
Avg. Blended Yield 2.15% Per Month
2
Financial Performance as on H1 FY 2023-24
SANGHVI
Total Debt
₹ 308 Crores
Debt: Equity Ratio 0.34:1
Avg. Cost of Borrowing 9.02% P.a.
Net Worth
₹ 903 Crores
3
Capex For FY 2023-24
SANGHVI
Till 30th September 2023, Company has completed Capex of Rs. 252 Crores for purchase of cranes & multi-axle lines
Details of cranes & multi-axle purchased is as under
No. of Cranes imported in FY 2023-24
Crane Model / OEM
Sany (Brand New)
Multi-Axle Line (6 Nos x 8 axle lines)
Escorts Pick & Carry Cranes
Eicher- Prime Movers / Pullers Capex completed
110 Ton 6 - - -
160 Ton 10 - - -
750 Ton 8 - - -
Total 24 48 4 8
Particulars Capex for Cranes
Capex for Multi- Axle line
Escorts Pick & Carry Crane
6 Nos Eicher Prime Mover / Puller
Total
Rs. In Crores 242 7 1 2 252
4
Sector-wise Revenue for H1 - FY 2023-24
50%
40%
SANGHVI
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
Q2FY24
Q2FY23
23%
14%
2%
0%
1%
0%
9%
6%
11%
8%
8%
9%
11%
8%
Wind Mill
Power
Refinery & Gas
Steel & Metal
Cement
Wind EPC
Project EPC
Other Sectors
Order-book Position
SANGHVI
Particulars
Order Book as on 1st October 2023 to be executed during the period 1st April 2023 to 31 March 2024
Order Book as on 1st October 2022 during the period 1st April 2022 to 31 March 2023
Rs. In crores
Rs. 522 Crores
Rs. 380 Crores
6
[Il
SANGHVI
Particulars Income from Operations
a)
b) Other Income
c) d)
e)
Total Income (a) + (b) Total Expenditure
PBIDIT c) – d)
f) % of PBIDT to Total Income g)
Interest
h)
Depreciation
i)
j)
Profit Before Tax
Tax expense (current tax + DTL)
k) Profit After Tax
l) % of PAT to Total Income
m) Total Cash Accruals (PAT + Depre.)
n)
Net Worth
o) Net Borrowings
p)
q)
Debt : Equity Ratio
Average Capacity Utilisation
Sanghvi Movers Ltd. Financial Performance Report (Q3/FY22)
Avg. Gross Yield for the period
r)
Financial Performance
Rs. In crores
H1 FY 24
Q2FY24
Q1FY24
FY 2022-23
H1 FY 23
286.05
10.77
296.82 111.89
184.93
62% 12.13
66.79
106.02
27.09
78.93
27%
145.72
903.32
307.75
0.34
83%
2.15%
139.98
4.74
144.72 53.89
90.83
63% 6.65
34.23
49.95
12.76
37.19
26%
71.41
903.32
307.75
0.34
82%
2.09%
146.07
6.03
152.10 58.00
94.11
62% 5.47
32.56
56.07
14.33
41.74
27%
74.30
883.45
297.26
0.34
84%
2.21%
455.79
29.76
485.55 198.93
286.62
59% 16.64
121.06
148.92
36.87
112.05
23%
233.11
841.71
160.88
0.19
83%
1.97%
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% 7 1.82%
SANGHVI
Other Income
Sr.
Particulars
1 2 3
Profit on Sale of 13 Nos. Cranes sold during H1FY 24 Reversal of PDD made in earlier years pursuant to recovery of dues Others – Interest on FD / Gain from MF Investment
Total Other Income
Revenue from EPC Business
Sr.
Particulars
1 2 3
Wind EPC Project EPC Total
Rs. in Crores
5.88 2.64 2.25
10.77
Rs. in Crores
4.83 2.50 7.33
8
Summarized Profitability Statement
SANGHVI
350.00
300.00
250.00
200.00
150.00
100.00
50.00
-
297
(Rs. in Crores)
224
185
112
123
101
152
145
94
58
91
54
Q1FY 24
Q2FY 24
H1 FY 24
H1 FY 23
■
Total Income
■
Total Expenditure
■
PBIDT
Net Profit & Cash Profit
145
(Rs. in Crores)
102
74
71
79
42
37
43
SANGHVI
160.00
140.00
120.00
100.00
80.00
60.00
40.00
20.00
-
Q1FY 24
Q2FY 24
H1 FY 24
H1 FY 23
■
Net Profit
■
Cash Profit
10
Operational Parameters
Average Capacity Utilisation
Average Blended Yield - per month
2.21%
2.09%
2.15%
1.82%
83%
82%
82%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
84%
SANGHVI
85%
84%
83%
82%
81%
80%
Q1FY 24
Q2FY 24
H1 FY 24
H1 FY 23
Q1FY 24
Q2FY 24
H1 FY 24
H1 FY 23
11
Total Borrowings & Net Worth of the company
SANGHVI
1,000
900
800
700
600
500
400
300
200
100
-
903
842
Rs. in Crores
773
308
161
255
30.09.2023
31.03.2023
30.09.2022
■
Net Borrowings
■
Net Worth
12
SANGHVI
Debt : Equity Ratio of the company
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
0.34
0.33
0.19
30.09.2023
31.03.2023
30.09.2022
13
SANGHVI
Average Receivable Days
83
85
99
109
120
100
80
60
40
20
-
Q1FY 24
Q2FY 24
FY 23
Q1FY 23
14
Age-Wise Debtors Analysis as on 30.09.2023
SANGHVI
Particulars
Rs. in Crores
Debtors Less than 90 Days
Debtors between 91 Days to 180 Days Debtors between 181 Days to 360 Days Debtors between 361 Days and Above (Net of Provision of Doubtful debts) Reported Sundry debtors as per Financials Average receivable Days (Net of GST Amount included in Debtors)
129.38
16.63 4.39
Nil 150.40 85 Days
15
Fleet of the Cranes as on 30th September 2023
SANGHVI
Particulars
Count of SML Crane fleet as on 30th September 2023
Amount of Gross block of Cranes
Count of SML Crane Fleet having capacity more than 100MT as on 30th September 2023
% of Gross Block by ‘Crane Fleet having capacity more than 100MT’ as on 30th September 2023
Details
353
Rs. 2485 Crores
247
94%
Note: - Out of the fleet of 404 cranes, there are some 51 cranes which are at the end to their effective useful life. The cumulative lifting capacity of these cranes are 6690 MT and YOM between 1968 to 2001. The company intends to dispose of these cranes in next 12 months and therefore these cranes are shown under the Head as Assets Held for Sale in the Balance Sheet as on 30.09.2023. The Gross Block of these 51 cranes are Rs. 85 Crores while WDV as on 30.09.2023 of Rs. 3.23 Crores.
16
SANGHVI
Updates on wholly owned subsidiary of the Company in Vietnam
The Board of Directors of the Company in their meeting held on 07 August 2023, approved voluntary winding up of Sanghvi Movers Vietnam Company Limited, a wholly owned subsidiary of the Company in Vietnam, as per the applicable laws of Vietnam.
17
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.
18