indu group profile
TRANSCRIPT
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Indu Projects LtdIndu Projects Ltd
Corporate Profile
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Highlights
Established in 2001 by I. Syam Prasad Reddy
To be a premier infrastructure
company
that builds value through
Vision
*unaudited
Investment by Credit Suisse, Citigroup and IDFC
at the entity level
Revenues FY08 Rs. 13,065 million
Revenues FY09 Rs. 19,600 million* innovation & next practices
and seeks to grow by
caring and sharing
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2007-2008
2009-2012
Diversified core-
Large scale Technology
driven core-infraprojects in the areas of:
Growth Path
Foray into real estate
developments
Core infra projects
(water, irrigation, roads)Third party construction
contractors for
Government urban-infrastructure projects
2001-2003
2003-2006
infrastructure
capabilities
End-to-end solutions
provider
Launched Premium and
Middle size real estate
projects
Special Economic
Zones of IT/ITES
Domain
NHAI Highways
construction
ower
Generation
Transmission
Distribution
Contract Coal
Mining
ProposedDedicated Rail
Freight Corridor
(DRFC) projects
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Business Strengths
Proven Execution
Capability
Successful 7 year track record
In-house design and construction capabilities
Strong brand name
Management Track Record
Experience
First generation entrepreneurs
Strong and experienced management teams
Well Diversified
Business Model
Focus on Infrastructure
Offers endtoend services for value maximization
Diversity lends stability to earnings and hedge against risks
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Geographical Spread
Delhi
Lucknow
Jhansi
Increasing
presence in high
growth
geographies
Bhusawal
Pune
Nagpur
Hyderabad
Krishnapatnam
Srikakulam
Bhubaneshwar
Rajahmundry
Trichy
Bengaluru
Mangalore
Chhatisgarh
Tirupati
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Current External Outstanding Order Book INR 41,181 Mn
Outstanding Order Book
20,000
25,000
Order Backlog 1.04.09 (INR Mn)
Buildings 10700 MnCore Infra 21010 Mn
51.7%
Future Strategy entry into high growth areas
-
5,000
10,000
15,000
Buildings Core Infra Energy
Energy 9881 Mn
Total - INR 41,591 Mn
.
21.9%
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Contribution of sectors to Order Book
Outstanding Order Book
1
2
3
4
1
2
3
4
Current 2010 Estimated %
Buildings 26 10700 09 5820
Core Infra 51 21010 38 24430
Energy 22 9471 47 30880
Mining 01 410 06 3900
TOTAL 41591 65030
Current % Fig. in Rs Mn 2010 Estimated % Fig. in Rs Mn
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Focus Domains
Transportation
NH 45 Road project, TN
DSSIDC Infra-Development
ONGC Site-Develo ment
Industrial Projects
Airport Passenger Terminal
Building, Lucknow
Railway Flash Butt Welding for
SC and Central Railway
DMRC Project
Mangalore
Civil works for Blast Furnace of
SAIL, Rourkela.
EPC Integrated Sugar Complex,
Karnataka.
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Focus Domains
Energy
Civil & Structural works for
MAHAGENCOs Bhusawal
2x500MW Thermal Power Plant
Irrigation & Public Health
Irrigation
Pranhita Chevella, Pkg 22
Mining
Coal mine exploration work underCMPDIL in Jharkhand &
Chhattisgarh.
Civil works for APGENCOs
Krishnapatnam 2x800MW
Thermal Power Plant
T & D Works with EHV OH
Transmission lines, XLPE UG
Cabling & GIS/Conventional Sub
Stations
,
Tadipudi Lift Irrigation, AP
Public Health
City drinking water transmission forPCMC
Nanded Sewerage Projects
Contract Coal mining - MDO.
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Energy BOP- Civil and Structural Works
Identified companies from Hong Kong,
France, US, Spain & Korea with past
experience in Power Generation,
Transmission & Distribution.
Our Emphasis
Mining
Water
Irrigation Barrages, Canals & LIS
Tunneling Works
Formation of Flood Banks
Public Health Engineering
Coal mine exploration work
Contract Coal mining
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Energy : Key Projects
Contract Contract ValueBalance Order as of
1.04.2009
Entire Civil & Structural work for 2X500
MW Bhusawal Thermal Power Project
5,054 4,071
Figures in INR Million
Civil Works for 2X800 MW
Krishnapatnam Thermal Power
Plant
5,400 5,400
Total Contract Value INR 10,454 Mn Order Backlog INR 9,471 Mn
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Energy Projects In PipelinePower Plants
Civil & Structural works for the BOP and Cooling Towers & Chimneys for
- 2X500 Marwah Thermal Power Plant
- 1x500 MW Korba West Thermal Power Plant
Civil and Structural works for the Main Plant (BTG package) of
- 2X500 Marwah Thermal Power Plant &
- 1x500 MW Korba West Thermal Power Plant
Civil and Structural Works for 2X250 MW Satpura TPP under MPGENCO
Transmission & Distribution
Underground EHV Cabling for Hyderabad City
Augmentation of T&D Infrastructure in Maharashtra, MSETCL in Joint
Venture with Cobra Group
T & D Opportunities in UP, Uttaranchal and Orissa
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Current Contracts External Contract Value Balance Order as of 1.04.2009
Paramedical College, Jhansi 2,550 2,550
PCMC Slum Rehabilitation Housing with Al-Form 1,779 1,550
Staff Colony for TTD at Tirupati 1,260 1,260
Ascendas IT Complex, Bangalore 680 680
Buildings Major Third Party Projects
, ,
(Figures - INR Million)
*incl. Major Third Party Contract figures
Total Contract Value INR 15,458 Mn* Order Backlog INR 10,700 Mn*
JNNURM - reform linked initiative of Central Govt entailing a total budget of
INR 1,200 Bn
Objective is urban infra development in 63 cities with focus on Slum
Rehabilitation, Water Supply, Solid Waste Management, Rapid Transport
Systems, etc.
Have identified low cost housing as an opportunity
Going forward we intend to focus more on:
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500
1000
1500
2000
2500
EBITDA Margin
EBITDA
Robust Financial Performance
0
5000
10000
15000
20000
25000
CAGR
Turnover
CAGR 101%
8%
15% 15% 16%
9%
Figures in Rs. Million
12863151
5798
14108
19600
101
457
900
2241
1857
0
2004-05 2005-06 2006-07 2007-08 2008-09
0
200
400
600
800
1000
1200
1400
2004-05 2005-06 2006-07 2007-08 2008-09
PAT Margin
PAT
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
2004-05 2005-06 2006-07 2007-08 2008-2009
RONWNet Worth
2004-05 2005-06 2006-07 2007-08 2008-09
4%
8% 8% 8%
3%15%
21%14%
23%
8%55.56
257
479
1150
616
363
1222
3393
5010
7854
PAT Includes one time gain of Rs 650 million on sale of land
*
Unaudited figure*
*
**#
#
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INR Million Mar-09 Mar-10E Mar-11E
Operations
Sales 19,600 23,273 27,882
EBIDTA 1,857 2,523 2,983
PAT 616 829 1,214
Financials
Share Capital 1,534 1,541 1,541
Networth 7,854 8,775 9,989
Debt
Financial Projections of IPL
*
Long Term Debt 3,697 4,717 4,315
Working Capital 3,179 3,620 2,141
Net Block 1,272 1,738 2,284
Net Current Assets 10,856 11,262 10,050
Ratios
EBITDA Margin (%) 10% 11% 11%
Net Profit Margin (%) 3% 4% 4%
Debt/Equity 0.87 1.0 0.6
Current Ratio 1.09 2.1 1.8
RoCE (pre-tax) 12% 14% 17%
Unaudited figure*
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