VPRPLNSE4 February 2025

Vishnu Prakash R Punglia Limited has informed the Exchange regarding 'investor presentation'.

Vishnu Prakash R Punglia Limited

VISHNU PRAKASH R PUNGLIA LIMITED ENGINEER, CONTRACTOR & DESIGNER An ISO 9001: 2015 Certified Company

February 04, 2025

To, BSE Limited Phiroze Jeejeebhoy Towers, 21st Floor, Dalal Street, Fort, Mumbai – 400 001

To, National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, Block G, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051

BSE Scrip Code: 543974

NSE Scrip Symbol: VPRPL

Dear Sir/Madam,

Sub: Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Earnings Presentation

Dear Sir/Ma’am,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith, the earnings presentation of Company for the Quarter ended December 31,2024.

You are kindly requested to take the above information on record and oblige.

Thanking You, Yours faithfully, For VISHNU PRAKASH R PUNGLIA LIMITED

Neha Matnani Company Secretary and Compliance Officer M. No. A-69247

Corporate office: B-31/32, Second Floor, Industrial Estate, New Power House Road, Jodhpur-342003, Rajasthan

Telephone: 0291-2434396, Email: info@vprp.co.in, accounts@vprp.co.in Reg. Office – Unit No. 3, 5th Floor, B Wing, Trade Star Premises Co-Opeartive Society Limited, Village Kondivita, Mathuradas Vasanji Road, Near Chakala Metro Station, Andheri (East), Mumbai 400059 Maharashtra

CIN: L45203MH2013PLC243252

NEHA MATNANIDigitally signed by NEHA MATNANI Date: 2025.02.04 11:50:32 +05'30' VISHNU PRAKASH R PUNGLIA LIMITED

Engineering, Procurement & Construction

E A R N IN G P R E S E N T AT I O N

Q 3 / 9 M - F Y 2 5

Snapshot

3+ decades of experience in Infrastructure EPC

Experts in Water Supply Projects

Integrated Business Model with in-house capabilities

Presence in 10 States

INR 5,125 Cr Orderbook

Fleet of ~500 construction equipment

Marquee client base

Key Beneficiary of Jal Jeevan Mission & Amrut scheme

Gross block of Rs 188 Crs

3 year Revenue CAGR – 43%

3 year PAT CAGR – 78%

3 year Average ROE 25%

Earning Presentation

Company Overview

• Established in the year 1986, Vishnu Prakash R Pungalia Limited (VPRPL) is an ISO 9001:2015 certified integrated engineering, procurement and construction (“EPC”) company with experience in design and construction of infrastructure projects.

• The company is promoted by the Pungalia family who are in the EPC business for last 4 decades. The leadership team is driven by Mr. Vishnu Prakash Punglia, Mr. Manohar Lal Punglia, Mr. Sanjay Kumar Punglia, Mr. Kamal Kishor Pungalia and Mr. Ajay Pungalia.

• VPRPL’s principal business operations are broadly divided into four categories i.e. (i) Water Supply Projects (“WSP”); (ii) Railway Projects; (iii) Road Projects and (iv) Irrigation Network Projects. Its key customers are Central & State Government, Autonomous Bodies and Private Bodies

• VPRPL specializes in water supply contracts which includes constructing, designing, building, implementing, operating, maintaining and developing Water Supply Projects (“WSPs”). It also includes setting up Water Treatment Plants (“WTPs”) along with pumping stations and laying of pipelines for supply of water.

• The current orderbook stands at ~Rs. 5,125 crores spread across all the business segments to be executed over

the next 24-36 months.

• The company has an integrated business model with in-house execution team and a fleet of more than 500+

construction equipments which helps in reducing its dependence on third-party for key materials and services required for project execution.

• For roads and highway contracts, the company focuses only on EPC projects, with or without O&M, and no

HAM or BOT projects. This helps in efficient debt management and stable cash flows.

Earning Presentation

Consolidated Revenue (INR Mn) & EBITDA Margin (%)

14.24%

13.39%

11.06%

7,856

14,739

11,684

13.19%

8,324

FY22

FY23

FY24

9M-FY25

Revenue

EBIDTA Margin

9M-FY25 Segmental Revenue

Sewage, Civil & Others, 5%

Roadways, 8%

Railways, 12%

Water & Sanitation Program, 75%

Geographical Presence

Uttarakhand

Haryana

Rajasthan

Gujarat

Madhya Pradesh

Maharashtra

Goa

Assam

Manipur

Presence in 10 States

State wise distribution of Projects

States

Assam

Goa

Gujarat

Haryana

Maharashtra

Manipur

Madhya Pradesh

Rajasthan

Uttarakhand

Uttar Pradesh

No of Projects

Earning Presentation

Business Overview

Business Segments

Water Supply projects

Road Projects

•

• • •

Project Planning and Design

Construction and Installation

Commissioning and Operationalization

Road Construction and Strengthening Bridge Construction Infrastructure Development

Railway Projects

Irrigation Projects

•

Track Construction and Infrastructure

Passenger Facilities

Signal and Telecommunication Infrastructure

Survey and design of irrigation network components. Construction of tunnels, canals (lined and unlined), and raw water reservoirs.

Installation of pumping stations and pressurized piping systems.

Earning Presentation

Orderbook Distribution

Order book as on 31st December 2024 – ~Rs 51,250 Mn

Geography wise

Segment wise

No. of Projects

Goa, 1%

Maharashtra , 1%

Uttarakhand, 17%

Rajasthan, 45%

Uttar Pradesh, 10%

Assam, 2%

Gujarat, 3%

Haryana, 5%

Manipur, 6%

WSP, 67%

Madhya Pradesh, 10%

Roadways & Civil, 3

Railway, 29%

Railways, 14

Road & Civil, 4%

Water & Sanitation Program, SWG, 41

Earning Presentation

Water Supply Projects (WSP’s)

• VPRPL has over three decades of experience in executing WSPs comprising of construction and development of pipelines, water tanks, reservoirs, tunnels, overhead tanks, water treatment plants and irrigation projects. It has executed more than seventy five WSPs over the last 3 decades of its existence.

• Over the years, the company has gained significant experience and expertise in water supply projects and now with the financial strength and managerial capabilities, it is aspiring to bid for large scale projects across a wider geography

• The orderbook in WSP segment stood at Rs 34,365 Mn as on 31st December 2024

Revenues (INR Mn)

11,853

10,170

6,970

6,277

Scope of work in WSP’s

FY22

FY23

FY24

9M-FY25

•

Survey, design, construction & commissioning of Projects

• Operation, maintenance, and management of water supply projects (WSPs)

•

Supply, laying, and testing of pipelines

Construction of water tanks, reservoirs, overhead tanks, raw water reservoirs,

• Water treatment plants, pumping stations

•

Providing functional household tap connection

• Geo-tagging including design and operation

•

supply, laying, jointing, hydro-testing of cluster distribution system and village distribution system

construction of residential quarters, village transmission chambers, valve chambers, boundary walls

Earning Presentation

State Wise Contribution in the Order book (%)

Madhya Pradesh 14.6%

Manipur 8.7%

Haryana 3.7%

Goa 1.6%

Assam 3.3%

Uttar Pradesh 14.5%

Rajasthan 27.6%

Uttarakhand 26.1%

Key Water Supply Projects (WSP’s)

Project

Authority

State

Value (Mn)

Chillar Dam Multi-Village Drinking Water Supply Scheme

MP JAL NIGAM

Haldwani, Uttarakhand

Water Supply System O&M at Kotdwar

Ex of the Work of Hindoli Nainwa WSP Dist Bundi

WSP for the state of Manipur in Rural area

UUSDA

PHED

Rajasthan

PWD Manipur

Manipur

Prayagraj Yamuna multi group of village water supply

SWSM

Water supply scheme for Naini Extended Area (Surface Water) in Nagar Nigam, Prayagraj

UP JAL NIGAM

Work and O&M of Augmentation of production from Jaisamand lake, Udaipur

PHED

Rajasthan

Construction of 57 MLD WTP and O&M at IMT Kharkhoda, Sonipat

HSIIDC

Haryana

Other Projects <INR 1,000 Mn

TOTAL

Earning Presentation

5,009

4,747

3,361

3,319

2,980

2,471

2,164

1,107

1,035

8,172

34,365

Railway Projects

•

VPRPL is an emerging player in the infrastructure development of the railway sector. It is backed by decades of successful project execution experience in constructing, developing, and maintaining projects like railway tracks, rail over-bridges, platforms, foot-over bridges, stations, and other ancillary work and buildings.

Revenue (INR Mn)

885

789

1,064

997

The company has expertise and experience in diverse EPC projects within the transportation infrastructure sector, specifically in railways. It has executed projects across geographical locations in India.

Their capabilities in railway projects cover both civil engineering and electro-mechanical aspects of railway infrastructure development.

FY22

FY23

FY24

9M-FY25

The orderbook in Railway Projects segment stood at Rs 15,044 Mn as on 31st December 2024

State Wise Contribution in the Order book (%)

Haryana, 7%

Maharashtra, 4%

Gujarat, 11%

Rajasthan, 78%

Earning Presentation

Key Railway Projects

Projects

EPC Contract of Bikaner Railway Station

Construction of Udaipur Railway Station

Construction of Railway station building, facilities for passenger/pilgrim stay

Civil works in Jaipur-Sawai Madhopur Doubling Project

End to end connectivity under Amrit Bharat station Scheme over Jodhpur

Construction of major bridges and ancillary works for Ajmer-Chanderiya Doubling.

EPC Contract in Pushkar-Merta

EPC work between Sadulpur to Churu in Connection with Churu- Sadulpur Doubling Project

Construction of Railway Bridges in connection with providing Connectivity between chainage 5.2 km

DFCCIL

Haryana

Construction of New Suburban Railway Station between Kalyan-Badlapur stations of Mumbai Division

MRVCL

Maharashtra

Other Projects <INR 500 Mn

TOTAL

Earning Presentation

Authority

State

Value (Mn)

NWR

Rajasthan

Gujarat

Rajasthan

3,799

2,085

1,641

1,609

1,101

1,029

886

781

709

596

809

15,044

Road Projects

• Highways play a major role in the development of a country, particularly in a developing country like

India. VPRPL is an eminent player in this sector.

Revenue (INR mn) 1,821

•

Its is backed by decades of strong project execution experience in constructing, developing, and maintaining projects like state and national highways, bridges, culverts, flyovers, and rail over-bridges.

VPRPL has successfully executed projects across diverse geographical locations in India with varying complexities such as construction in high-traffic and high-density areas.

724

663

The company focuses only on EPC projects, with or without O&M.

The orderbook in roads and highway segment stood at Rs 1,842 Mn as on 31st December 2024

FY23

FY24

9M-FY25

Project Portfolio for Road and Civil Projects

Completed

On-going

Earning Presentation

Road Projects

Project

Authority

State

Value (Mn)

Construction to 2 lane with paved shoulder Realignment/Bypass

MORTH

Rajasthan

889

Construction of 4 Lane ROB from Design Chainage Jalore

MORTH

Rajasthan

TOTAL

890

Earning Presentation

Financial Overview

Q3/9M-FY25 Key Financial Highlights

Q3-FY25 Consolidated Financial Performance

9M-FY25 Consolidated Financial Performance

Total Revenue INR 2,409 Mn (0.5)% YoY

EBITDA INR 275 Mn (18.9)% YoY

EBITDA Margins 11.42% (258) Bps YoY

Net Profit INR 39 Mn (77.6)% YoY

PAT Margins 1.62%

(557) Bps YoY

Diluted EPS 0.31 (77.7)% YoY

Total Revenue INR 8,324 Mn 1.9% YoY

EBITDA INR 1,098 Mn 4.6% YoY

EBITDA Margins 13.19% 33 Bps YoY

Net Profit INR 424 Mn (22.9)% YoY

PAT Margins 5.09%

(164) Bps YoY

Diluted EPS 3.40 (33.7)% YoY

Earning Presentation

Q3/9M-FY25 Operational Highlights

• Decline in EBITDA Margins: The company incurred substantial upfront expenditures on new projects awarded on mobilizing resources, procurement of materials, and initial project execution. Since these projects are still in the early stages, the incurred costs impacted the current quarter’s margins, however, the revenue from these projects are expected to materialize in the upcoming quarters which will result in significant margin improvement.

•

Lower Profitability: Delayed payments from clients or departments resulted in the company to secure external financial support from banks or financial institutions, leading to additional interest costs and affecting profitability.

• New Orders Awarded: The company has successfully secured new orders worth INR 1,333 Crore during the current financial year,

reflecting strong business growth and market confidence.

•

Robust Order Book: As of 31st December 2024, the company’s order book stands at approximately INR 5,125 Crore, ensuring a strong revenue pipeline for the coming quarters.

• Vendor Directory Registration with RDSO: The company has been granted registration under the vendor directory of RDSO for the fabrication of steel bridge girders, including open web, composite, and other steel plate girders. This strategic move enhances backward integration, reduces dependency on external vendors, and strengthens operational efficiency.

•

Strong Prospective Pipeline: The company has a promising pipeline of new bidding opportunities, with potential orders worth around INR 4,500 Crore expected to be finalized in the coming months. This positions the company well for continued growth.

Commitment to Business Expansion: The company will maintain its proactive approach by continuing to bid for new work orders to sustain a healthy and growing order book, ensuring long-term business stability.

Earning Presentation

Quarterly Consolidated Income Statement

Particulars (INR Mn)

Revenue from Operations

Total expenses

EBITDA

EBITDA Margins (%)

Depreciation and amortization

Finance costs

Other Income

PBT

Tax

PAT

PAT Margins (%)

Other Comprehensive Income

Total Comprehensive Income

Diluted EPS

Earning Presentation

Q3-FY25

Q3-FY24

2,409

2,134

275

2,421

2,082

339

11.42%

14.00%

181

1.62%

(1)

0.31

107

231

174

7.19%

176

1.39

Y-o-Y

(0.5)%

2.5%

(18.9)%

(258) Bps

42.9%

69.2%

(18.5)%

(67.1)%

(35.1)%

(77.6)%

(557) Bps

(78.4)%

(77.7)%

Q2-FY25

3,349

2,863

486

14.51%

152

317

237

7.08%

(1)

236

1.9

Q-o-Q

(28.1)%

(25.5)%

(43.4)%

(309) Bps

11.1%

19.1%

15.8%

(76.0)%

(53.8)%

(83.5)%

(546) Bps

(83.9)%

(83.7)%

YTD Consolidated Income Statement

Particulars (INR Mn)

Revenue from Operations

Total expenses

EBITDA

EBITDA Margins (%)

Depreciation and amortization

Finance costs

Other Income

PBT

Tax

PAT

PAT Margins (%)

Other Comprehensive Income

Total Comprehensive Income

Diluted EPS

Earning Presentation

9M-FY25

9M-FY24

8,324

7,226

1,098

13.19%

109

462

590

166

424

5.09%

(3)

421

3.4

8,167

7,117

1,050

12.86%

284

738

188

550

6.73%

554

5.13

Y-o-Y

1.9%

1.5%

4.6%

33 Bps

34.6%

62.7%

18.9%

(20.1)%

(11.7)%

(22.9)%

(164) Bps

(24.0)%

(33.7)%

Historical Income Statements

Particulars (INR Mn)

Revenue from Operations

Total expenses

EBITDA

EBITDA Margins (%)

Depreciation and amortization

Finance costs

Other Income

PBT

Tax

PAT

PAT Margins (%)

Other Comprehensive Income

Total Comprehensive Income

Diluted EPS

Earning Presentation

FY22

7,856

6,987

869

11.06%

241

604

155

448

5.71%

451

5.31

FY23

11,684

10,119

1,565

13.39%

302

1,224

318

906

7.75%

913

10.41

FY24

14,739

12,640

2,099

14.24%

112

430

1,645

423

1,222

8.29%

1,222

10.95

9M-FY25

8,324

7,226

1,098

13.19%

109

462

590

166

424

5.09%

421

3.40

Historical Balance Sheet

Particulars (INR Mn)

EQUITY

a) Equity Share Capital

b) Other Equity

LIABILITIES

Non Current liabilities

Financial Liabilities

a) Long Term Borrowings

b) Provisions

c) Deferred Tax Liability

Current liabilities

a) Financial Liabilities

(i) Short Term Borrowings

(ii) Trade payables

(iii) Other Financial Liabilities

(b) Other current liabilities

(d) Current Tax Liabilities (Net)

H1-FY25

Particulars (INR Mn)

FY23

3,145

934

2,211

FY24

7,211

1,246

5,964

7,594

1,246

6,348

644

301

720

603

250

668

4,466

7,907

10,726

1,901

2,062

350

3,705

3,391

680

4,956

4,761

812

111

Non - Current Assets :

a) Property, Plant and Equipment

b) Capital Work - in - Progress

c) Other Intangible assets d) Intangible assets under development e) Investment Property

f) Financial Assets

(i) Investments

(ii) Other Financial Assets

e) Other Non Current Assets

Current Assets

a) Inventories

b) Financial assets

(i) Loans & Advances

(ii) Trade receivables

(iii) Cash and cash equivalents

(iv) Other Balance with Bank

(v) Other Financial Assets

c) Current Tax Assets

d) Other Current Assets

GRAND TOTAL - EQUITIES & LIABILITES

8,255

15,418

19,040

GRAND TOTAL – ASSETS

FY23

1,524

1,254

6,731

3,126

1,977

150

550

105

649

8,255

FY24

1,986

1,663

159

13,432

4,601

6,702

531

376

1,091

15,418

H1-FY25

2,251

1,886

142

16,789

6,081

8,526

248

519

158

1,177

19,040

Earning Presentation

Financial Performance

REVENUES (INR Mn)

EBITDA (INR Mn) & Margins (%)

PAT (INR Mn) & PAT Margins (%)

14,739

11,684

7,856

8,324

2,099

1,565

1,222

906

869

11.06%

13.39%

14.24%

1098

13.19%

448

8.29%

424

5.09%

7.75%

5.71%

FY22

FY23

FY24

9M-FY25

FY22

FY23

FY24

9M-FY25

EBITDA (INR MN)

EBITDA Margin

FY22

FY23

FY24

9M-FY25

PAT (INR MN)

PAT Margin

Debt/Equity (x)

1.11

Return Ratios (%)

52.38%

Working Capital Days

137

0.80

0.74

41.46%

0.55

28.23%

28.81%

36.72%

16.95%

FY22

FY23

FY24

H1-FY25

FY22

FY23

FY24

ROCE

ROE

FY22

FY23

FY24

Earning Presentation

Capital Market Data

60%

40%

20%

-20%

-40%

Stock Performance (up to 31st December, 2024)

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

VPRPL

Jul-24

Aug-24

Sensex

Sep-24

Oct-24

Nov-24

Dec-24

Market Data (As on 31st December, 2024)

Shareholding Pattern (As on 31st December, 2024)

Face Value

CMP

52 Week H/L

Market Capitalization (Mn)

Shares O/S (Mn)

Earning Presentation

10.00

292.80

345.85 / 141.35

36,495.76

124.64

Public, 27.16%

DII, 4.14%

FPI, 0.89%

Promoter, 67.81%

Disclaimer

Vishnu Prakash R Punglia Ltd

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Vishnu Prakash R Punglia Ltd. (Company), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

Valorem Advisors Disclaimer:

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.

For further details, please feel free to contact our Investor Relations Representatives:

Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: vprpl@valoremadvisors.com

Earning Presentation

Thank You

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Vishnu Prakash R Punglia Limited has informed the Exchange regarding 'investor presentation'.

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