Slides
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Q3 & 9M FY25 Investor Presentation January 2025 Bansal Wire Industries Limited
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Agenda 2 Company Overview Quarterly Snapshot Way Forward Annexure Bansal Wire Industries Limited Q3 FY25 Investor Presentation
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MD & CEO’s Message 3 We are proud to share another quarter of resilient financial performance and strong operational execution. This quarter, our focus was on ramping up newly established lines for value-added products and enhancing utilization levels. As we progress, our emphasis remains on value-driven volume expansion and leveraging growth initiatives to sustain operational and financial excellence through the year. In the Indian steel wire market, we are driving innovation and sustainability, with 70% renewable energy powering some plants and progress toward water positivity. We are also exploring green steel for new products. Leveraging our expertise in the automotive sector, we are introducing advanced products to enhance tyre efficiency, rolling resistance, and fuel economy. While challenges like fluctuating raw material prices and geopolitical risks persist, international expansion in the US and Europe presents significant opportunities We remain committed to quality and are confident in sustaining this momentum, with the soon to be established India’s first dedicated in- house R&D wing for new product development, further contributing to India’s sustainable development goals. Bansal Wire Industries Limited Q3 FY25 Investor Presentation 3
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44Bansal Wire Industries Limited Q3 FY25 Investor Presentation Company Overview
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3,000+ SKUs – highest among all steel wire manufactures in India 5,000+ Customers across various industries 2nd Largest Steel Wire manufacturer in India by volume Largest Stainless Steel Wire manufacturer in India by volume 84% Capacity Utilization Dadri Plant Largest single location plant in India 50+ Countries of export 89.56% Client retention in Top 300 customers (Average FY22-24) 5 Manufacturing Facilities 479,000 MTPA Steel Wire installed capacity INR 25,736 Mn Total Income INR 2035 Mn EBITDA 17.79 % RoE 20.06% RoCE Financial and operational highlights 9M FY25 Leadership at scale with high RoCE and RoE % Highly reputed brand in existence for more than 85 years 5 Key highlights Bansal Wire Industries Limited Q3 FY25 Investor Presentation Mn- “ Millions” MTPA- “Metric tons per annum”
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66Bansal Wire Industries Limited Q3 FY25 Investor Presentation Quarterly Snapshot
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Robust quarterly performance Bansal Wire Industries Limited Q3 FY25 Investor Presentation 7 ₹ millions unless otherwise stated ₹ 9,246.1 Top-line (Revenue) 52.6 % YoY 12.0 % QoQ ₹ 731.3 Operating (EBITDA) 98.7% YoY 7.4 % QoQ ₹ 416.8 Profitability (PAT) 171.9% YoY 4.0% QoQ Revenue, EBITDA and Profitability surges on sustained cost-control measures and higher volume ₹ 25,669.7 Top-line (Revenue) Strong nine-months performance 46.1 % YoY ₹ 2,034.8 Operating (EBITDA) ₹ 1,132.5 Profitability (PAT) 123.1 % YoY 99.0 % YoY
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation 8 ₹ million unless otherwise stated Financial Highlights FY 23 are Standalone Numbers 24,130 24,660 25,670 FY23 FY24 9M FY25 Revenue 1,148 1,493 2,035 FY23 FY24 9M FY25 EBITDA 599 752 1133 FY23 FY24 9M FY25 PAT 6,061 8,255 9,246 Q3 FY24 Q2 FY25 Q3 FY25 Consolidated Revenue 368 681 731 Q3 FY24 Q2 FY25 Q3 FY25 Consolidated EBITDA 153 401 417 Q3 FY24 Q2 FY25 Q3 FY25 Consolidated PAT
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation 9 ₹ million unless otherwise stated Profitability Indicators remain robust 29.94 23.40 20.14 17.79 FY22 FY23 FY24 9M FY25 ROE % 19.43 17.88 22.49 20.06 FY22 FY23 FY24 9M FY25 ROCE % 3.94 4.39 4.82 7.47 FY22 FY23 FY24 9M FY25 Interest Coverage 5.13 4.74 6.04 7.91 FY 22 FY 23 FY 24 9M FY25 EBITDA Margin % 3.02 2.85 3.59 5.15 FY 22 FY 23 FY 24 9M FY25 Cash Profit Margin % 2.64 2.48 3.05 4.40 FY 22 FY 23 FY 24 9M FY25 PAT Margin %
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1010Bansal Wire Industries Limited Q3 FY25 Investor Presentation Way Forward
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation Bansal Wire Industries Limited Q3 FY25 Investor Presentation 11 Five-pronged strategy for robust growth trajectory 01 Introducing newer products to tap domestic market opportunity 02 Introduce higher margin products in fast growing sectors – Automotive and Infrastructure 03 Entering B2C segment with focus on Agriculture 04Ramping up India’s largest steel wire plant – to positively impact margins 05 Strategic focus on increasing geographical presence and increasing margins Strengthening presence in Western, Eastern and Southern markets through expansion of value added products
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation Bansal Wire Industries Limited Q3 FY25 Investor Presentation 12 Scale exports through globally accredited product portfolio 20004 20569 2,839 2,495 FY24 9MFY25 Domestic Vs Export Sales Domestic Exports • Focus more on regulated markets – US & Europe • Export has arisen during the current year against the last year • Geopolitical situation is a concern in short-term; but good traction seen over next few years as we expand our capacity with newer products • Set up warehouses and increasing global representatives to grow exports ₹ millions unless otherwise stated
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation Bansal Wire Industries Limited Q3 FY25 Investor Presentation 13 Higher margin products in fast growing sectors – Automotive & Infrastructure Launched ‘Hose Wire’ (Brass Coated Hose Reinforcement Wire) to cater to the domestic market demand Launched ‘Bead Wire’ – the industrial product for tyre manufacturing companies in domestic market Strengthened supply chain through vertical integration plans Establishing pilot project with capacity of 50,000 tons with estimated market size of product to be 450,000 tons per annum Hose wire & Bead wire capacity to establish Company as sole manufacturer in India; thereby helping in curbing imports
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation Bansal Wire Industries Limited Q3 FY25 Investor Presentation 14 Dadri – India’s largest steel wire plant – to positively impact margins • Deployed high-capacity machines (2- 2.5x) to enhance output and streamline manpower • Integrated advanced technologies to elevate efficiency and quality in manufacturing • Optimized product mix and versatile plant capabilities to seamlessly adapt to shifting industry demands
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1515Bansal Wire Industries Limited Q3 FY25 Investor Presentation Annexure
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Consolidated Quarterly P&L Bansal Wire Industries Limited Q3 FY25 Investor Presentation 16 ₹ million unless otherwise stated Particulars Q3 FY25 Q2 FY25 QoQ (%) Q3 FY24 YoY% 9M FY25 9M FY24 YoY% Revenue from Operations 9,246 8,255 12% 6,061 53% 25,670 17,574 46% Other Income 11 42 -74% 9 28% 6 36 87% Total Income 9,257 8,297 12% 6,070 53% 25,736 17,610 46% EBITDA 731 681 7% 368 99% 2,035 1,023 99% Profit Before Tax (PBT) 581 569 2% 268 116% 1,596 783 104% Profit After Tax (PAT) 417 401 4% 153 172% 1,133 508 123% Basic and diluted EPS (in ₹) (Not annualised) 2.66 2.85 1.20 7.64 3.94
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation 17 Bansal Wire — Consolidated Balance sheet Assets FY24 9M FY25 Non Current Assets 4,918.12 7,144.61 Property. plant and equipment 2,293.06 5,386.07 Capital Work in Progress 2,118.64 1,196.04 Other non-current assets 506.43 562.50 Current assets 7,718.03 11,978.01 Inventories 3,136.23 5,314.49 Trade receivables 3,575.32 5,110.82 Other current assets 1,006.48 1,552.69 Total Assets 12,636.15 19,122.61 Liabilities FY24 9M FY25 Equity share capital 637.27 782.78 Other equity 3,586.43 11,578.20 Non Controlling Interest 387.70 - Total Equity 4,611.40 12,360.98 Non-current liabilities 3,214.02 1,486.08 Borrowings 3,041.17 1,255.14 Provisions 51.12 60.68 Deferred tax Liabilities (net) 121.73 170.26 Current liabilities 4,810.74 5,275.55 Borrowings 3,770.26 3,038.65 Trade payables 590.81 1,683.60 Other current liabilities 449.67 553.31 Total Equity and Liabilities 12,636.15 19,122.61 ₹ million unless otherwise stated
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation 18 Bansal Wire — Standalone Balance sheet Assets FY23 FY24 9M FY25 Non Current Assets 2,037.36 4,474.32 7,848.70 Property. plant & equipment 1,155.08 1,416.36 4,530.60 Capital Work in Progress 378.73 2,017.98 858.65 Other non-current assets 503.56 1,039.97 2,459.45 Current assets 5,488.45 6,045.78 9,614.53 Inventories 2,438.76 2,550.12 3,780.96 Trade receivables 2,523.57 2,727.05 4,540.14 Other current assets 300.82 768.62 1,293.43 Total Assets 7,525.81 10,520.10 17,463.23 Liabilities FY23 FY24 9M FY25 Equity share capital 91.04 637.27 782.78 Other equity 2,769.66 2,903.37 10,753.27 Total Equity 2,860.70 3,540.65 11,536.05 Non-current liabilities 2,059.95 2,983.28 1,217.35 Borrowings 1,970.73 2,889.17 1,091.00 Provisions 26.86 31.67 36.17 Deferred tax Liabilities (net) 62.36 62.44 90.18 Current liabilities 2,605.17 3,996.17 4,709.83 Borrowings 2,251.22 3,144.07 2,724.61 Trade payables 139.19 581.55 1,599.18 Other current liabilities 214.76 270.55 386.04 Total Equity and Liabilities 7,525.81 10,520.10 17,463.23 ₹ million unless otherwise stated
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation 19 Manufacturing facilities Strong presence in Northern states with manufacturing facilities located across NCR Integrated ecosystem for manufacturing, storage and transportation of raw materials and finished products Mild steel wire division Stainless steel wire division Bahadurgarh Facility Super fine wire division Enjoys benefits of economies of scale as being one of the largest steel wire manufacturer Installed capacity of 479,000 MTPA* Five manufacturing plants across National Capital Region (NCR)* Exclusive transport contractors for transportation In-house godowns and training centre * Includes additional commissioned capacity of 220,000 MTPA at Dadri plant. Dadri Facility
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Bansal Wire Industries Limited Q3 FY25 Investor Presentation 20 Disclaimer This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but 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. This presentation may contain, words or phrases like “will” , “aim” “believe” , “expect” , “projects” , “plans” , “will continue” , “anticipate” , “intend” , “estimate” and similar expressions or variations of these expressions, that are “forward-looking statements that involve risks and uncertainties and are based on certain beliefs, plans and expectations of the Company. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Bansal Wire Industries Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
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21 We express our heartfelt gratitude to all our stakeholders for their trust and solicit their continued patronage to make Bansal Wire Industries Limited grow exponentially in the coming years. THANK YOU