investors presentation q3 & 9m fy21...investors presentation q3 & 9m fy21 16th feb 2021...
TRANSCRIPT
Growth UnlimitedPOWER MECH PROJECTS LTD
Investors Presentation Q3 & 9M FY21
16th Feb 2021
DisclaimerSafe Harbor Statement The information contained herein has been prepared to assist prospective investors in making their own evaluation of Power Mech
Projects Limited (hereinafter ‘the company’) and does not purport to be all-inclusive or to contain all of the information a
prospective or existing investor may desire.
This Information may include certain statements and estimates provided by the company with respect to the projected future
performance of the company. Such statements, estimates and projections reflect various assumptions by management concerning
possible anticipated results, which assumptions may or may not be correct.
Prospective investors will be expected to have conducted their own due diligence investigation regarding these and all other
matters pertinent to investment in the company.
This presentation may contain statements that are “forward looking statements.” The company’s actual future results may differ
materially from those suggested by such statements, depending on various factors for which the company and its management
does not take any responsibility.
The information contained herein has been prepared to assist prospective investors in making their own evaluation of Power Mech
Projects Limited (hereinafter ‘the company’) and does not purport to be all-inclusive or to contain all of the information a
prospective or existing investor may desire.
This Information may include certain statements and estimates provided by the company with respect to the projected future
performance of the company. Such statements, estimates and projections reflect various assumptions by management concerning
possible anticipated results, which assumptions may or may not be correct.
Prospective investors will be expected to have conducted their own due diligence investigation regarding these and all other
matters pertinent to investment in the company.
This presentation may contain statements that are “forward looking statements.” The company’s actual future results may differ
materially from those suggested by such statements, depending on various factors for which the company and its management
does not take any responsibility.
2
Power Mech – At a Glance
A leading Industrial Services and Construction Company providing versatile and
comprehensive service in power and infrastructure sector
Established in 1999 byMr. S. Kishore Babu, a
technocrat and firstgeneration entrepreneur
Presently Operates Pan-India, Middle East, South
Asia and Africa
Largest O&M service
provider in India
FY 20Total Income: Rs 21,740 Mn
EBITDA : Rs 2,801 MnPAT : 1,313 Mn
Credit Rating “CARE A”
3
Journey of the Company, Major milestones and achievements→ First ETC of 1 X 63 Tph and 2 X 165
Tph AFBC Boilers, 20.85 MW & 55MW, Raigarh, BHEL
→ First AMC of 655 MW CombinedCycle Dual Fuel IPP Power Plant,Paguthan, GPEC
→ Private Equity into Power Mech→ First major international work in Libya, 2X157 MW Erection
of 2 Gas Turbines, BHEL→ First ETC of 1X500 MW Boiler & Auxiliaries including ESP,
Mejia, BHEL→ Erection of Structural, Steam Generator & Auxiliaries of 3
Boilers for India’s two UMPP 800 MW unit (Gujarat, TataPower), Doosan & 6X660 MW unit, Sasan, R Infra
→ Listing in BSE & NSE, overwhelming responsesubscribed by 38 times
→ Major O&M of 4X600 MW at Jharsuguda, Vedanta→ Started manufacturing facility at Noida→ Entry in Steel Sector, Erection & Fabrication work 3.0
MTPA & 2.7 MTPA, Nagarnar (NMDC) & Angul (JSPL)→ First FGD Work 500 MW, Vindhyachal, GE
→ Incorporation of the Company→ Foray in Power Sector Business
1999 2002-04 2007-09 2010-12 2014-16
→ Completed major international projects at Shuqaiq, KSA (4X660MW,SEC) & Bheramara, 360 MW (L&T, Bangladesh)
→ Entry into Oman, Saudi Arabia, Bahrain and Nigeria→ First O&M project in Public Sector, 2X600 MW, Singareni Collieries→ Strategic foray into Railway, RVNL, composite package (37 Km, AP) &
Rural Electrification, 33/11 KV Hoshangabad, MPMKVVCL→ Entry for cross country laying of pipe lines, IOCL→ Prestigious project Infrastructure Development, Med Tech Zone, A.P→ Quantum jump in its diversification efforts in the area of iron ore
material handling & associated works
→ Major orders in Super Critical Projects 660 MW, Erection,Structural Fabrication works, Sepco, Adani, BGR, CLP
→ First major Civil Work 2X520 MW, (Vizag, HNPCL), BHEL→ Entry in Industrial Sector Mechanical & Piping work in
Refineries (Dahej, ONGC & Paradeep, IOCL)→ First major Erection of Gas Turbine & Civil Work, 4X100
MW, Yemen, Marib, BHEL→ Entry in Hydro Power O&M & Mini EPC
2017-21
4
Established a track record of successfullyexecuting ETC-BTG and BOP contracts forlarge power projects
Engaged on ETC-BTG projects for the firsttwo ultra-mega power projects (UMPPs)(Mundra & Sasan) as well as for 19 super-critical power projects in India
These include up to 800 MW unit capacitysuper-critical projects
Carried out the overhauling of a super-critical 660 MW turbine and providing AMCservices for an ultra-mega power project(UMPP)
In addition to our operations in India, wehave also executed various internationalpower projects in the Middle East, NorthAfrica, South Asia and South America.
Track record of ~21 years
26,00,000 MT of aggregate tonnage of the erection works executed
64,000 MW, engaged on ETC-BTG and BOP Works so far
55,000 MW, the aggregate unit capacity of the AMCs we are engaged in
520 Number of O&M contracts that we have been engaged in, since thecommencement of the O&M businessNumber of Cranes, ranging from 10 ton to 300 ton in capacity enablingthe Company to quickly and effectively mobilize project works
Established Track RecordIntegrated power infrastructure services
Established a track record of successfullyexecuting ETC-BTG and BOP contracts forlarge power projects
Engaged on ETC-BTG projects for the firsttwo ultra-mega power projects (UMPPs)(Mundra & Sasan) as well as for 19 super-critical power projects in India
These include up to 800 MW unit capacitysuper-critical projects
Carried out the overhauling of a super-critical 660 MW turbine and providing AMCservices for an ultra-mega power project(UMPP)
In addition to our operations in India, wehave also executed various internationalpower projects in the Middle East, NorthAfrica, South Asia and South America.
Number of O&M contracts that we have been engaged in, since thecommencement of the O&M business
300 Number of Cranes, ranging from 10 ton to 300 ton in capacity enablingthe Company to quickly and effectively mobilize project works
45 Number of AMC services for power plants across India
19 Number of super critical power projects where we executed ETC-BTGprojects
2 We executed ETC-BTG for both first 2 UMPPs in India
170 Km’s of Cross Country Pipeline
4,00,000 Cubic meter of earth work completed under Railway Project
1,00,000 Cubic meter ballast supplied to Railways
5
Our Service presence across key areas
Power Projects (Ultra Mega, SuperCritical, Sub Critical & CombinedCycle Power Projects), Nuclear,Refinery & Petro Chemicals, SteelPlant, Oil Pipe Line & Cement Erection, Testing &
Commissioning of BTG & BOP Steam Generators & Auxiliaries Steam Turbine Generators & TG
Auxiliaries Critical Piping, LP & HP Piping Structural Steel, Coal Handling
Plant, Ash Handling, CoolingWater System, Fuel Oil System
ESP, Ducts, FGD & SCR
Industrial ConstructionIndustrial Construction Industrial Services (O&M)
Overhauling and Maintenance ofBoiler, Turbine & Auxiliaries
R&M of BTG, GTG Repair, Modification and
Rehabilitation of Boiler Revival and Life Extension, etc Coal Handling Plant BOP packages Trouble Shooting Upgrade & Retrofits Rebuilds & Plant Relocation
International Operations
Erection, Testing & Commissioning of Oil Fired Boiler, HRSG,Reserve/Auxiliary Boiler & BOP
Steam Turbine Generators &Auxiliaries, Gas TurbineGenerators & Auxiliaries
Combined Cycle Power Piping,LP & HP Piping, HighPressure Piping, Structural Steel,Plant, Cooling Water System,Fuel Oil System
ESP, Ducts, & SCR, RotatingEquipment‘s
Desalination Plants Civil Works
Infrastructure Construction (Civil)
Power Plants, Railway, IndustrialProjects etc. Foundation, Decks, Plant
Buildings, Chimney & CoolingTowers
Geothermal Soil Exploration Mass Excavation, Area Grading &
Land Development Bored Cast & Driven Cast Piping Water & Canal Works Permanent Way – EWE Permanent Way Linking Works Track Linking Minor & Major Bridges Industrial Buildings
Power Projects (Ultra Mega, SuperCritical, Sub Critical & CombinedCycle Power Projects), Nuclear,Refinery & Petro Chemicals, SteelPlant, Oil Pipe Line & Cement Erection, Testing &
Commissioning of BTG & BOP Steam Generators & Auxiliaries Steam Turbine Generators & TG
Auxiliaries Critical Piping, LP & HP Piping Structural Steel, Coal Handling
Plant, Ash Handling, CoolingWater System, Fuel Oil System
ESP, Ducts, FGD & SCR
6
Overhauling and Maintenance ofBoiler, Turbine & Auxiliaries
R&M of BTG, GTG Repair, Modification and
Rehabilitation of Boiler Revival and Life Extension, etc Coal Handling Plant BOP packages Trouble Shooting Upgrade & Retrofits Rebuilds & Plant Relocation
Erection, Testing & Commissioning of Oil Fired Boiler, HRSG,Reserve/Auxiliary Boiler & BOP
Steam Turbine Generators &Auxiliaries, Gas TurbineGenerators & Auxiliaries
Combined Cycle Power Piping,LP & HP Piping, HighPressure Piping, Structural Steel,Plant, Cooling Water System,Fuel Oil System
ESP, Ducts, & SCR, RotatingEquipment‘s
Desalination Plants Civil Works
Power Plants, Railway, IndustrialProjects etc. Foundation, Decks, Plant
Buildings, Chimney & CoolingTowers
Geothermal Soil Exploration Mass Excavation, Area Grading &
Land Development Bored Cast & Driven Cast Piping Water & Canal Works Permanent Way – EWE Permanent Way Linking Works Track Linking Minor & Major Bridges Industrial Buildings
Our Service presence across key areas (cont..)
Extra High Voltage SubstationWorks
Construction of 33/11 KvSubstations
Strengthening of existingSubstations
Construction of 33 Kv & 11 KvLines
Construction of Transmission ofLines
Optical Fiber Networks
OHE, S&T
Industrial ConstructionElectricals Hydro Power & Water
Supply & construction of Hydropower plants
Renovation & modernization
AMC & O&M, after salesservices, spares management,RLA Study, LTSA
Trouble shooting of chronicproblems by providing valueadded technical solutions inElectromechanical and Hydro-mechanical fields
EPC of mini hydro projects
Sewage treatment plant(STP’s)
Manufacturing
Fabrication of Heavy Structures,
Large & High Pressure Tanks,
Heavy Trusses, Ducts, Pipes etc
Repair of Steam & Hydro
Turbines
Tie-up with Major OEMCompanies for authorizedproduction of critical & generalspares, etc
Reverse Engineering of spares
Extra High Voltage SubstationWorks
Construction of 33/11 KvSubstations
Strengthening of existingSubstations
Construction of 33 Kv & 11 KvLines
Construction of Transmission ofLines
Optical Fiber Networks
OHE, S&T
7
Supply & construction of Hydropower plants
Renovation & modernization
AMC & O&M, after salesservices, spares management,RLA Study, LTSA
Trouble shooting of chronicproblems by providing valueadded technical solutions inElectromechanical and Hydro-mechanical fields
EPC of mini hydro projects
Sewage treatment plant(STP’s)
Fabrication of Heavy Structures,
Large & High Pressure Tanks,
Heavy Trusses, Ducts, Pipes etc
Repair of Steam & Hydro
Turbines
Tie-up with Major OEMCompanies for authorizedproduction of critical & generalspares, etc
Reverse Engineering of spares
Company Strengths
Large talent with Highly Experienced ManagementTeam with strong industry background
Strong execution capabilities across verticals
Marquee clientele: Long-term relationships withmajor OEM, EPC players and Utility companies
Project handling capabilities across the globe
Qualified Independent Board & best CorporateGovernance
Comprehensive service provider in PowerSector
Largest service provider in O&M space
Well diversified business profile with stablerevenue generating higher margins
Large talent with Highly Experienced ManagementTeam with strong industry background
Strong execution capabilities across verticals
Marquee clientele: Long-term relationships withmajor OEM, EPC players and Utility companies
Project handling capabilities across the globe
Qualified Independent Board & best CorporateGovernance
Huge Asset Base with over 300 Cranesand construction equipments
Well diversified business profile with stablerevenue generating higher margins
Robust Financials
8
Qualified BoardSajja Kishore Babu, CMDFounder of the company holds bachelor’s degree inMechanical Engineering. He has 35 years of experiencein power and infra sector. He is an able administratorand Dynamic Leader, and he also serves the board ofsubsidiary & JVs
Vivek Paranjpe, Independent DirectorB. Sc (Honors), post graduated from XLRI, over 40 years ofexperience, served as Group President of RIL. CurrentlyStrategic HR advisor to RIL and Independent Director,MotilalOswalFin. Services
Sajja Lakshmi, Non Executive DirectorShe is a science graduate and holds place in HRmanagement of the company & also member of CSRcommittee of the company. She is interested in socialservice activities offering her time and energyEnthusiastically
GDV Prasada Rao, Independent DirectorM.E(Chem), retired as a GM in Andhra Bank after ~28years, currently VP of HEAL, an NGO working withorphans & poor children
Vivek Paranjpe, Independent DirectorB. Sc (Honors), post graduated from XLRI, over 40 years ofexperience, served as Group President of RIL. CurrentlyStrategic HR advisor to RIL and Independent Director,MotilalOswalFin. Services
M Rajiv Kumar, Non Executive DirectorGraduate in electrical engineering, he spent his entirecareer of 38 years in BHEL, rising to the level ofExecutive Director, Power Sector, Eastern Region
GDV Prasada Rao, Independent DirectorM.E(Chem), retired as a GM in Andhra Bank after ~28years, currently VP of HEAL, an NGO working withorphans & poor children
T. Sankaralingam, Independent DirectorB.E(Elec), around 40 years of experience in the powersector, served as CMD of NTPC and MD of BGR Energyin the past. Also worked at BHEL
9
Lasya. Y, Independent DirectorPost Graduate in Management from ISB, MS in Electricalengineering from university of Texas. She has 15 years ofexperience in IT Project Management and delivery , clientengagement
Professional and Experienced Management TeamS Kodandaramaiah, Director – Business DevelopmentPost graduate in mechanical engineering. More than 4 decades ofexperience in power and industry sector related to EPC, Construction,project management, Business Development. Worked in BHEL, GE.
Janardhan Kar, Director O&MRich experience of more than 40 years in the field of Power Sector. Hewas associated with NTPC & Chattisgarh State Power Generation Co.
M. Rajendran, COODegree in Civil Engineering. He has more than 38 years ofexperience in construction & project management in power &industrial sector. He was associated with BHEL .
G. Srinivasulu – Executive Director (Non Board)Has more than three decades of rich experience in the PowerSector dealing in Project & Construction Management,Erection & Commissioning.
S Amarnath: Executive Director (Non Board)Diploma in Civil Engineering with 35 years of experience in Power andIndustrial Construction. Previously he was associated with IndwellConstructions.
J. Satish , CFOMBA, Chartered Accountant by Profession. He has got more than 18years of experience in the field of Finance & Accounts. He has workedwith PWC, Deloitte, Kerzner International, Indu Projects & Emaar .
Anantha Reddy, VP- Electrical T&DMBA in Project Management, B.E.E. (AMIE) Kolkatta & Diploma inElectrical Engineering. 28 Years of Experience in BusinessDevelopment, Project Management and Site Execution of T&D.
Arbind Koul, MD Hydro Magus P.Ltd38 years of experience in installing, maintaining, and repairingHydro Generators and Hydro Turbines. He was associated withBHEL and BC Hydro Britsh Columbia, Canada.
K Ajay Kumar, Sr.VP – O&MBE Mechanical, he has more than 23 years of experience inOperation & Maintenance, Business Development. Previouslyhe was associated with Indwell Constructions.
Biswajit Das - VP – O&MB Sc Engineering (Electrical). With more than 30 years ofexperience in erection, commissioning and maintenance oflarge power plants. He was with Lanco Infratech .
10
Key ShareholdersShareholding Pattern
7.21%
S No Name Shares Category Percentage
1 Promoters & Family 92,83,955 Promoter 63.11%
2 HDFC Small Cap Fund 10,03,126 MUT 6.82%
3 IDFC Multi Cap Fund 4,17,737 MUT 2.84%
2.692.73 3.76
0.652.71
Promoters
Resident Individuals
Mutual funds7.21%
11
3
4 Banyan Tree Growth Capital II LLC 3,56,051 FPI 2.42%
5 Bekem Infra 1,24,203 LTD 0.84%
6 First Water Fund 40,000 FPC 0.27%
7 Adesh Ventures LLP 36,875 LTD 0.25%
8 NRI Vantage Equity Fund 27,281 AIF 0.19%
9 Long Term Equity Fund 22,152 AIF 0.15%
63.1114.69
9.66Mutual funds
AIFs
FP-Corp
Bodies Corporate
NRI
Others
Established Relationships with Clients – Domestic Projects
12
Established Relationships with Clients – International Projects
13
Large constructionequipment base
Large constructionequipment base
Primavera&
MS Project-Application
SAPSite level, Support
functionsProductivity
Infra for Project Management
Primavera&
MS Project-Application
8,700 HR BaseEngineers, Supervisors,Technicians, HSE, FQA
Other Staff
SBU HeadsFor Project
Responsibility
SAPSite level, Support
functionsProductivity
Capability CentersConstruction, Quality, Safety, Facility Engineering
14
Business StrategyExpanding the services footprint & leveraging technical expertise to target higher margin contracts
Back ward and forwardintegration has been at the core
of the Company’s businessconsolidation and growth, and
this motto continues to drive thefuture endeavors
Expanding O&M profile andincreased penetration in thedomestic sector of IPP base,
Utility sector of Central and Stateutilities, Captive Thermal powerbase, and integrating the spares
business
Entering into value added servicesby synergizing the existing ETC
capabilities into non-power sectorfor increased business growth in
metal, steel, minerals,petrochemicals etc.
To integrate the constructioncapabilities with EPC
opportunities available in materialhandling jobs using the strong
Civil and ETC base alreadyestablished for improved growth
15
Further geographical expansion inexport space and consolidation of
business in Middle East, Africa,Bangladesh for new investments
in petro chemicals, refineries,desalination plants
Identifying feasible and rewardingEPC contracts in infra segment in
Railway, Roads, Urban InfraDevelopment, Energy,
Transmission and Distribution
Continued efforts to foray intoFGD retrofit investments takingplace with suitable tie ups with
EPC players and technologyproviders
Enhancing project executioncapabilities and project deliverymechanism for better utilization
of existing assets, human andcapital resources for improved
asset turnover, and strengtheningIT infra for real time project
execution and timely execution ofprojects.
O&M(AMC, R&M,
Troubleshooting
etc)
Solar
ThermalDomesticHydro
Expanding of O&M service into other sectors & new horizons
O&M(AMC, R&M,
Troubleshooting
etc)
GAS(Power)
Exports(Thermal)
Refinery &Petro
Chemicals
CaptivePower
Steel
Fully developed
To be developed
Partially developed
16
Expanding Horizons……
…..Broadening Capabilities
Expanding Horizons……
…..Broadening Capabilities17
Q3 FY21 – YoY Consolidated Financial PerformanceTotal Income EBIDTA PAT
INR in million
5,474
5,179
5,000
5,100
5,200
5,300
5,400
5,500742
315
-
200
400
600
800
13.6%
6.1%
364
31
-
100
200
300
400
6.6%
0.6%
Erection Civil & Other WorksO&M Electrical Works
Q3 Revenue
18Note: Covid impacted operations significantly, hence the current results are not comparable with previous quarter performance
Q3FY20 Q3FY21 Q3FY20 Q3FY21 Q3FY20 Q3FY210.6%
2,015
1,330
-
500
1,000
1,500
2,000
2,500
Q3FY20 Q3FY21
1,626
1,714
1,550
1,600
1,650
1,700
1,750
Q3FY20 Q3FY21
340
192
-
100
200
300
400
Q3FY20 Q3FY21
1,4731,836
-
500
1,000
1,500
2,000
Q3FY20 Q3FY21
9M FY21 – YoY Consolidated Financial PerformanceTotal Income EBIDTA PAT
INR in million
15,760
11,423
-
5,000
10,000
15,000
20,000
9MFY20 9MFY21
2,115
(211)(500)
-
500
1,000
1,500
2,000
2,500
9MFY20 9MFY21
13.4%
999
(800)(600)(400)(200)
-200400600800
1,0001,200
9MFY20 9MFY21
6.3%
-7.1%
Erection Civil & Other WorksO&M Electrical Works
9M Revenue
19Note: Covid impacted operations significantly, hence the current results are not comparable with previous quarters performance
9MFY20 9MFY21 (211)(500) 9MFY20 9MFY21 -1.8% (813)(1,000)(800)
5,597
2,805
-1,0002,0003,0004,0005,0006,000
9MFY20 9MFY21
4,741
4,376
4,1004,2004,3004,4004,5004,6004,7004,800
9MFY20 9MFY21
1,048
499
-200400600800
1,0001,200
9MFY20 9MFY21
4,286
3,583
3,2003,4003,6003,8004,0004,2004,400
9MFY20 9MFY21
12M FY20 – YoY Consolidated Financial PerformanceTotal Income EBIDTA PAT
INR in million
22,754
21,740
21,000
21,500
22,000
22,500
23,000
12MFY19 12MFY20
3,049
2,801
2,600
2,700
2,800
2,900
3,000
3,100
13.4%
12.9%
1,216
1,313
1,150
1,200
1,250
1,300
1,350
5.3%
6.0%
Erection Civil & Other WorksO&M Electrical Works
12M FY 20 Revenue
20
12MFY19 12MFY20 12MFY19 12MFY201,150
12MFY19 12MFY20
7,440
7,492
7,400
7,420
7,440
7,460
7,480
7,500
12MFY19 12MFY20
5,660
6,475
5,000
5,500
6,000
6,500
7,000
12MFY19 12MFY20
1,041
1,470
-200400600800
1,0001,2001,4001,600
12MFY19 12MFY20
8,425
6,167
-
2,000
4,000
6,000
8,000
10,000
12MFY19 12MFY20
13,778 13,344 15,439 22,566 21,604
Contract Revenue
FY20 Financial Performance (consolidated) INR in million
Revenue mix with high-margin O&M services segment
5%2%
Profit After Tax inching higherEBITDA Margins continue to remain healthy….
21
FY20 Financial Performance (consolidated) INR in million
High Asset Turnover … testament to higher efficiencyHealthy net debt equity ratio provides significant headroom for growth
22
Robust Order Book: Stronger Revenue visibility for next 3 years
49 %
85%
15%
INR in million
27,715
35,23837,050
42,677
47,83045,748
30,000
40,000
50,000
60,000
Contract Revenue
34%
55%
23
Note: 1. Projects cancelled / suspended / on hold are excluded from the above2. Order back log as on 31st March 2020 Rs 45,748 Mn3. Order back log as on 31st Dec 2020 Rs 62,846 Mn4. Order back log as on 16th Feb 2021 Rs 73,530 Mn (excluding execution post 31st Dec 2020)
13,778 13,34415,439
22,566 21,604
15,37517,950
21,064
27,715
19,523
-
10,000
20,000
30,000
FY 16 FY 17 FY 18 FY 19 FY 20
Order Inflow
Order Back Log
Robust Order Book: Stronger Revenue visibility for next 3 years (cont..)Order backlog as on 31st March 2020 Rs. 45,748 Mn
INR in million
Order Inflow during 12 M FY 20 (up to 31st March 2020) Rs. 19,523 Mn
5,818
6,591-
7,114Erection
O&M
Electrical Works
Civil & Other Works
30 %
34 %
36 %
Power : 83% & Non Power 17%
20,541
2,975
12,273 Erection
O&M
Electrical Works
Civil & Other Works
45 %
7 %
26 %
24
Order Inflow up to 31st Dec 2020 Rs. 28,362 Mn Order backlog as on 31st Dec 2020 Rs. 62,846 Mn #
Power : 44% & Non Power 56%
# 1. Order back log as on 16th Feb 2021 Rs 73,530 Mn (excluding execution post 31st Dec 2020) .2. Back log oder book exclude projects cancelled / suspended / on hold
6,591 Power : 83% & Non Power 17% 9,95922 %
7 %
Power : 70% & Non Power 30%
5,562
2,621-
20,179
Erection
O&M
Electrical Works
Civil & Other Works
20%
9%
71%
23,299
8,2022,476
28,869Erection
O&M
Electrical Works
Civil & Other Works
37%
13%4%
46%
Power : 59% & Non Power 41%
INR in millionBalance Sheet (Consolidated)Income Statement (Consolidated)
Financial Snapshot | Consolidated Income Statement & Balance Sheet
Particulars FY16 FY17 FY18 FY19 FY20 H1 FY21
Assets
Fixed Assets 1,978 2,062 2,025 1,899 1,787 1,631
CWIP (incl. unallocated capex) 220 119 60 33 26 39
Non-current investments - 9 1 313 329 283
Other Non Current Assets 1,872 1,936 1,966 2,663 2,579 2,764
Total Current Assets 8,305 8,697 10,396 13,078 17,481 16,278
Particulars FY16 FY17 FY18 FY19 FY20 H1 FY21
Revenue from operations 13,782 13,382 15,478 22,613 21,647 6,204
Other Income 55 77 67 141 93 40
Total Income 13,837 13,459 15,546 22,754 21,740 6,244
Cost of materials 1,145 1,245 1,964 3,264 3,239 851
Change in inventories 5 -29 -85 31 -120 -47
Contract execution exp. 8,989 7,928 8,145 12,151 12,302 4,372
Personnel Cost 1,549 2,265 3,122 3,932 3,248 1,462
25
Less: Current Liab. & Prov. 6,343 6,273 7,623 9,418 12,748 12,983
Net Current Assets 1,962 2,424 2,774 3,660 4,733 3,295
Cash & bank 686 805 1,397 1,284 1,193 1,704
Total 6,718 7,355 8,222 9,852 10,647 9,716
Liabilities
Long Term Borrowings 214 155 277 452 298 181
Deferred Tax Liabilities 42 21 - - -
Other Non Current Liabilities 910 950 822 1,125 756 823
Minority Interest 4 21 138 81 81 46
Shareholder's Fund 5,548 6,207 6,985 8,194 9,512 8,666
Total 6,718 7,355 8,222 9,852 10,647 9,716
Personnel Cost 1,549 2,265 3,122 3,932 3,248 1,462
Other expenses 275 313 310 327 270 131
Sub-total 11,963 11,722 13,456 19,705 18,939 6,769
EBIDTA 1,875 1,737 2,090 3,049 2,801 -525
Finance costs 329 329 359 551 741 389
Depreciation and amort. 390 410 428 458 394 179
Share of profit from JV’s 3 6 -2 15 16 -49
PBT 1,158 1,004 1,300 2,056 1,682 -1,142
PAT (before MI) 757 651 908 1,432 1,307 -878
Minority Interest 2 0 113 216 -6 -34
Restated PAT (after MI) 755 651 795 1,216 1,313 -844
PAT Margin 5.50% 4.80% 5.10% 5.30% 6.00% -13.50%
Our ProjectsOur Projects
26
INDUSTRIAL CONSTRUCTION: DOMESTIC PROJECTS (ERECTION, TESTING & COMMISSIONING)
1X660 MW TPP, BTG, HARDUAGANJ, DOOSAN 3X660 MW ,BOILER, ESP,CP, STRUCTURE & STG,NABINAGAR, BHEL
2X500 MW STPP,BOILER, ESP STG,VINDHYACHAL, BHEL (COMPLETED)
BOILER, ESP, TG AUXILIARIES, UMPP800 MW, GUJARAT, TATA POWER(COMPLETED)
BOILER, ESP, STRUCTURE, TGAUXILIARIES,UMPP 6X660MW, SASAN, RINFRA (COMPLETED)
3X800MW, BOILER, ESP, PIPING, STGKUDGI , DOOSAN, L&T & TOSHIBA
2X600MW TPP, BOILER &STG, MANGALORE, LANCO (COMPLETED)
2X660 MW IBTPS, STRUCTURE &STG, BANHARPALLI, BHEL
2X660 MW JTPP, BOILER,ESP &CP, JHAJJAR, STEPC (COMPLETED)
2X660 MW STPP, BOILER, ESPU#1&2, SOLAPUR, BGRESL
3X660 MW STPP, BOILER & CRITICALPIPING, U#1,2&3, BARH, DOOSAN
BLAST FURNACE, STEEL PLANTWORK, JSPL, ANGUL
R-LNG PIPELINE FROM ENNORELNG TERMINAL TO MFL-ENNORE, IOCL
366 MW REFINARY, GTG, STG, HRSG& PIPING, PARADIP, BHEL
2X660 MW STPP, BOILER , ESP, STRUCTURE &STG U#7&8, SURATGARH, BHEL
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1X800 MW TPSS, CIVIL, STRUCTURAL ANDARCHITECTURAL WORK UNIT-12, KOTHAGUDEM, BHEL
1X800 MW TPSS, CIVIL, STRUCTURAL ANDARCHITECTURAL WORK STAGE-3, NORTHCHENNAI, BHEL
GDV-MTM 37 ,DOUBLING &ELECTRIFICATION WORKS , RVNL
1X500MW, FGUTTP, CIVIL, STRUCTURALAND ARCHITECTURAL WORK FORBTP, BOP & CHP, UNCHAHAR, NBPPL
2X800 MW, YTPS, CIVIL, STRUCTURALAND ARCHITECTURAL WORKSRAICHUR, BHEL (COMPLETED)
INFRASTRUCTURE CONSTRUCTION : CIVIL, ARCHITECTURAL & RAILWAY WORKS
3X366 MW CCPP, CIVIL, STRUCT.& ARCH. WORK, IOCLPARADIP, BHEL
1X100 MW CCPP, BALANCE CIVIL &STRUCTUAL WORKS, NAMRUP, BHEL(COMPLETED)
2X660 MW TP9, CIVIL, STRUCTURAL &ARCHITECTURAL WORK UNIT-7 &8, SURTGARH, BHEL
3X660 MW, STPP, STG,BOP ,NORTHKARNAPURA, BHEL
1X110 MW, CIVIL AND STRUCTURALWORKS ,R&M OF MAINPLANT, BATHINDA, BHEL(COMPLETED)
1X800 MW TPSS , CIVIL, STRUCTURALWORKS, NORTH CHENNAI, BHEL
1X500 MW, FGUTTP, CIVIL, STRUCTURALAND BOP & CHP, UNCHAHAR, NBPPL
INFRASTRUCTURE DEVELOPMENTWORK, AP MEDI TECH ZONE, VIZAG
INFRASTRUCTURE DEVELOPMENTWORK, AP MEDI TECH ZONE, VIZAG
KALWESHWARAM CANALPROJECT, 54 KM RAMAYAMPET
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INTERNATIONAL OPERATIONS
250 MW SABIYA CCPP, KUWAITINSTALLATION OF HRSG
2X157 MW GT POWER PLANT, LIBYA(COMPLETED)
6X200 MW HEP, BHUTANINSTALLATION OF HYDROTURBINE & GENERATOR
1800 MW ALBA CCPP, BAHRAINETC OF GTG,STG,HRSG & BOP
360MW BHERAMARACCPP, BANGLADESH INSTALLATIONOF GTG, STG & HRSG
1516 MW IBRI CCPP, OMAN ETCHRSG,TG
1516 MW IBRI CCPP, OMAN ETC HRSG,TG 1390MW WAAD ALSHAMALISCCPP, SAUDI ARABIAETC OF HRSG
228MW, STEAMTURBINE,SABIYA,KUWAIT, MAIN OIL PUMPOVERHAULING
1519 MW FADHILI COMBINED HEATAND POWER (CHP) PLANT KSA
2X640 MW SHUQAIQ THERMAL POWERPLANT, SAUDI ARABIA (COMPLETED)
35 MW GT POWER PLANT, KAZAKSTHAN 1519 MW FADHILI CCPP, SAUDIARABIA GTG,STG & BOPINSTALLATION
1390MW WAAD ALSHAMALISCCPP, SAUDI ARABIA ETCOf HRSG
3X 126 MW, KHOMS, GECOL, LIBYATOP CASING LIFTING
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SIEMENS -138MW GAS TURBINEPAGUTHAN
TG OVERHAUING 600MW JHARSUGUDAVEDANTA
BEARING DIASSEMBLY AT NTPC-SIMHADRI CONTROL & STOP VALVES OVERHAULINGSIPAT 660MW
OPERATION AND MAINTANENCE
MAIN TURBINE OVERHAULING ,660 MWKAWAI
TURBINE AOH, 600 MW UDIPI ID FAN AOH,800 MW CGPL MUNDRA UREA REACTOR TANK INSTALLATION ATRAMAGAUNDAM, TELANGANA
CAPITAL OVERHAULING OF TURBINE63MW, SV POWER , KORBA - ROTOR LIFTING-3
HP HEATER REPLACEMENT 800MW ,CGPLMUNDRA2
CUPLOCK SCAFFOLDING ERECTION800MW,MUNDRA
MSH LINE MODIFICATION, 600 MWSINGARENI
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MANUFACTURING UNIT (NOIDA) CNC SECTION (NOIDA) SR FURNACE (NOIDA) CNC OXY FUEL CUTTING (NOIDA)
MANUFACTURING FACILITY & HYDRO POWER SERVICES
HYDRO GENERATOR UNDER ASSEMBLY FORSUNDARIJAL HYDRO PROJECT, NEPAL
FRANCIS RUNNER ASSEMBLY UNDERGOINGNDT TESTING FOR UPPER KALLAR HYDROPROJECT, KERALA
TURBINE EQUIPMENT ASSEMBLYSUNDARIJAL HYDRO PROJECT, NEPAL
NEWLY REWOUND 30MW HYDRO GENERATORAT UMIAM STG-III HYDRO PROJECT
HEAVY DUTY CENTRE LATHES( NOIDA) VTL(MANUAL+CNC (NOIDA) PLANO MILLER, CND (NOIDA) 3 ROLL PLATE BENDING MACHINE (NOIDA)
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21 Investor Presentation
Thank You
21 Investor Presentation
For investor queries, please contact:Ph: +91-040-30444418Email: [email protected]
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