Macpower CNC Machines Limited · NSE:MACPOWER
Macpower CNC Machines — IPO Roadshow (March 2018)
44 slides from Macpower CNC Machines's IPO roadshow presentation, March 2018
Slide 1: Macpower CNC Machines Limited
MACPOWER CNC MACHINES LIMITED www.macpowercnc.com
Slide 2: Disclaimer
DISCLAIMER This Investor Presentation has been prepared by Macpower CNC Machines Limited in consultation with Pantomath Capital Advisors Private Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or
Slide 3: Company Overview
eo COMPANY OVERVIEW
Slide 4: About the Company
ABOUT THE COMPANY • Established in 2003 Macpower CNC Machines Limited is engaged in manufacturing of Years since Inception CNC (Computer Numerical Control) Turning Centers, Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill
Slide 5: Our Milestones
OUR MILESTONES 2017 Expanding Horizons Supplies to Defence, Aeronotics & PSUs 2016 Expansion of existing manufacturing facilities 2015 Introduction of higher and machine like as HMC & Robotic Automation 2013 Launching of Multi Tasking Machine in EMO - Germany 2011 Maximum industry segments cover 200
Slide 6: Industry Overview
Eo INDUSTRY OVERVIEW
Slide 7: Metal Cutting Machine Tool Industry in India
METAL CUTTING MACHINE TOOL INDUSTRY IN INDIA Source : Indian Machine Tools Manufacturing Association
Slide 8: Metal Cutting Machine Tool Industry in India
METAL CUTTING MACHINE TOOL INDUSTRY IN INDIA 64% Growth Value in Rs. Lacs DATA : APR to SEPT 2017 Change In % : Consumption : 20%, Production : 24%, Imports : 13% Source : Indian Machine Tools Manufacturing Association
Slide 9: Business Overview
Eo BUSINESS OVERVIEW
Slide 10: Product Range
PRODUCT RANGE DRILL TAP CENTER CYLINDRICAL GRINDER TURNING CENTER TWIN SPINDLE VMC HORIZONTAL MACHINING CENTER VERTICAL MACHINING CENTER VERTICAL TURNING LATHE ROBOTIC AUTOMATION TURN MILL CENTER
Slide 11: Product Profile
PRODUCT PROFILE Category Sectors Served Application Turning BEARING, VALVE, PUMP INDUSTRY, TOOL ROOM, Center AUTOMOBILE, PROCESS PLANT COMPONENTS, AGRICULTURE, TEXTILE, PIPING INDUSTRY Vertical TOOL ROOM, DIE AND MOULD, Machining AUTOMOBILE, PATTERN, DEFENCE, Center POWER, RAILWAYS Turn Mill SPECIAL
Slide 12: Product Profile
PRODUCT PROFILE Category Sectors Served Application Horizontal AUTOMOBILE, DIE AND MOULD, Machining DEFENCE, AERONAUTICS, TEXTILE, Center MEDICAL, RAILWAYS Drill Tap ELECTRONICS, AUTOMOBILE, Center TEXTILE Twin Head AUTOMOBILE & TEXTILE VMC Cylindrical SPECIAL PURPOSE COMPONENTS, Grinder AGRICULTURE
Slide 13: Product Profile
PRODUCT PROFILE Category Factories / Institutes Served Machines HVF Avadi, Gun & Shell Factory Cossipore, Rifle Factory Ishapore, Defence Ordnance Factory Dumdum, Opto Electronics Dehradun, Fieldgun Factory Kanpur, HAPP Trichy CIPET, IIT Roorkee, ITI Karnataka, DTE Orissa, MITI Nainital, Education I
Slide 14: Manufacturing Plant
MANUFACTURING PLANT CORPORATE OFFICE AERIAL VIEW OF PLANT FINAL ASSEMBLY SHOP SUB ASSEMBLY SHOP VMC ASSEMBLY SHOP
Slide 15: Manufacturing Process
MANUFACTURING PROCESS Dispatch to Customers 10 1 Obtaining Order / Contract Testing and Trials 9 2 Preparation of Production Plan Assembly 8 3 Review of Design Inspection of Material 7 4 Verification of Design Procurement of Material 6 5 Process Identification
Slide 16: Tech Centers
TECH CENTERS PUNE HYDERABAD AHMEDABAD
Slide 17: Our Network: Worldwide Presence
OUR NETWORK WORLDWIDE PRESENCE
Slide 18: Sales Analysis
Sales Analysis Category Wise Sales (2015-16) INR in lakhs Category Wise Sales (2016-17) INR in lakhs 3,410.11 3,662.41 3500 4000 3000 3500 3000 2,740.27 2500 1,989.99 2500 2000 2000 1500 1500 1000 501.86 1000 500 113.05 136.16 115.00 500 199.24 65.45 22.00 37.95 96.00 0 0 Multi Turn Mill Turning Ver
Slide 19: Order Statistics
ORDER STATISTICS Description Number Value (Rs. In Lacs) Pending Order/ 295 5244/302 Advance (Private) Govt. Supply 125 7069 L1/Order Recd. 15 1059 Tender Filed 316 26855
Slide 20: Key Clientele
KEY CLIENTELLE AUTOMOBILE SECTOR ENGINEERING SECTOR Kalyani Forge Varroc Seinumero Nirman Kanemitsu Graphite India Nirlep Eneroil JPan Tubular Supreme Offshore Industries TRW Fuji Serina, SSB Engineers Vinayak Chemtron CEASE FIRE Kone Cranes Parshuram Meenakshi Thailand Engineers Science Technocraft
Slide 21: Key Clientele
KEY CLIENTELLE DEFENCE SECTOR AGRICULTURE SECTOR Mitter Rinox Fasteners Engineering Gun And Shell HVF, Avadi Ordnance Factory DRDO TBRL Factory Medak DIE MOULD SECTOR Rifle Factory, Opto Indian Ordnance Ishapore Electronics Factories Sigmarq Axis Tools Plasma Alloys EXPORT SECTOR Hinkell, UK Marla M
Slide 22: Organisation Structure
ORGANISATION STRUCTURE CHAIRMAN & MD MR. RUPESH MEHTA WHOLE-TIME DIRECTOR DIRECTOR MR. NIKESH MEHTA MRS. RIYA MEHTA MECHANICAL ASSEMBLY ELECTRICAL ASSEMBLY HR PPC APPLICATION MACHINE SHOP PURCHASE CFO MR. RAJNIKANT RAJA STORES QC & QA R&D MR. JITENDRA MEHTA TENDERS SERVICE GUJARAT - RAJKOT, AHMEDABA
Slide 23: Key Management
KEY MANAGEMENT Mr. Rupesh Mehta Promoter, Chairman & Managing Director Rupesh Mehta has experience of more than 25 years in the Machine Tool Industry. Rupesh Mehta holds a degree in Bachelor of Commerce from Saurashtra University. He looks after all the corporate decision and is responsible for the
Slide 24: Key Management
KEY MANAGEMENT Mr. Rajendra Bhanderi, Additional Independent Director Riya Mehta, Director Mr. Rajendrabhai Bhanderi holds Matriculation Certificate Riya Mehta has been on the Board of our Company since from Secondary Education Board of Gandhinagar. Mr. April 01, 2004. She holds Matriculation Certif
Slide 25: Awards and Recognitions
AWARDS AND RECOGNITIONS ftacpower Fess FIE Foundation Award at IMTEX 2017 for Twin Head VMC FIE Foundation Award at IMTEX 2015 for Turn Mill Center with ¥ axis and Sub Spindle Best Product Award fortxX200 | Superat Engineering Expo in 2004. off FIE FOUNDATION AWARD
Slide 26: New Plant Overview
eo NEW PLANT OVERVIEW
Slide 27: New Powder Coating Plant layout
NEW POWDER PAINT EXISTING COATING PLANT SHOP MACHINE SHOP EXISTING ASSEMBLY SHOP 2 (TURNING) EXISTING VMC ASSEMBLY SHOP EXISTING ASSEMBLY SHOP 1 (TURNING) PROPOSED R & D CENTER EXISTING ELECTRIC WORKSHOP NEW ASSEMBLY SHOP GROUND & 1ST FLOOR NEW MACHINE SHOP AT GROUND FLOOR NEW STORE 2 NEW FABRICATIO
Slide 28: New Plant Overview
NEW PLANT OVERVIEW FACILITY • Multi-storeyed Assembly Area • Additional 600 Machines per year assembly capacity (existing capacity 600 machines per year) Total capacity of plant will be 1200 Machines per year • State of the art temperature controlled Assembly Shop. • State of the art imported mother
Slide 29: Financial Overview
Eo FINANCIAL OVERVIEW
Slide 30: Financial Performance Graphs
FINANCIAL PERFORMANCE GRAPHS INR in lakhs INR in lakhs PAT Total Revenue 300 250.41 8000 6954.92 6426.26 6416.13 200 79.39 6000 4237.42 4645.32 100 48.95 3757.16 27.57 28.74 4000 0 2000 2013 2014 2015 2016 2017 30-Sep-17 -100 0 -122.41 2013 2014 2015 2016 2017 30-Sep-17 -200 INR in lakhs INR in lakh
Slide 31: Balance Sheet
BALANCE SHEET INR in lakhs For the period ended For the period ended 31st March Particulars September 30, 2017 2017 2016 2015 2014 2013 Equity & Liabilities Shareholder’s Funds: Share Capital 72.00 60.00 60.00 50.00 50.00 50.00 Reserves & Surplus 609.03 305.82 226.43 137.48 151.62 124.04 Non-current
Slide 32: Profit & Loss Statement
PROFIT & LOSS STATEMENT INR in lakhs For the period ended 31st March For the period ended Particulars September 30, 2017 2017 2016 2015 2014 2013 Revenue from operations 4,637.20 6,932.23 6,387.46 6,373.21 4,194.75 3,717.05 Other income 8.12 22.69 28.67 53.05 42.67 40.11 Total Revenue 4645.32 6954.9
Slide 33: Cashflow Statement
CASHFLOW STATEMENT For the period ended For the period ended 31st March INR in lakhs Particulars September 30, 2017 2017 2016 2015 2014 2013 CASH FLOW FROM OPERATING ACTIVITIES Restated Net profit Before Tax and Extraordinary Items 374.08 106.96 74.44 22.95 41.30 (177.43) Adjustments For: Depreciati
Slide 34: Accounting Ratios
ACCOUNTING RATIOS For the period ended 31st March For the period ended Particulars September 30, 2017 2017 2016 2015 2014 2013 PAT Margin 5.39% 1.14% 0.76% 0.45% 0.65% (3.26)% EBITDA Margin 9.39% 2.97% 3.81% 3.31% 3.04% (2.73)% ROCE 49.21% 19.22% 22.32% 8.82% 6.68% (42.64)% RONW 36.77% 21.70% 17.09%
Slide 35: IPO Highlights
IPO HIGHLIGHTS
Slide 36: IPO Highlights
IPO HIGHLIGHTS Details Particulars Issuer Macpower CNC Machines Limited Issue Type Book Building Process Price Brand Floor Price: Rs. 126 per equity share Cap Price: Rs. 140 per equity share Minimum Lot Size 1000 equity share Bid / Offer Opens on March 12, 2018 Bid / Offer Closes on March 14, 2018 I
Slide 37: IPO Structure
IPO STRUCTURE Aggregate Nominal Price Particulars No. of Equity Shares (INR In Lakhs) Issue, Subscribed and Paid up capital 67,68,000 676.80 Pre-IPO Shares 4,25,000 425.00 Fresh Public Issue 26,15,000 261.50 Issue, Subscribed and Paid up capital after the Issue 98,08,000 980.80 SHAREHOLDING DETAILS:
Slide 38: Objects of the Issue
OBJECTS OF THE ISSUE We intend to utilized the Net Proceeds towards the following objects: • Setting Up Backward Integration Facility. • General Corporate Purpose. (((Rs. In Lakhs) Sr. No. Particulars Estimated Amount 1. Setting Up Backward Integration Facility 3290.21 2. General Corporate Purpose [
Slide 39: Competitive Strengths
Eo COMPETITIVE STRENGTHS
Slide 40: Our Competitive Strengths
OUR COMPETITIVE STRENGTHS Experienced Promoters and management team Diversified Customer Base Research and Development Sales & Service Quality Check
Slide 41: Investment Rationale
INVESTMENT RATIONALE 1. Conversion from conventional machine users to CNC machine users 2. Development of import substitute machines like HMC, Turnmill center and providing entire range of product basket 3. Sectoral growth of different industrial segments help in boosting additional product demand 4
Slide 42: SWOT Analysis
SWOT ANALYSIS Strength Weakness Opportunities Threats • Serving 60 plus models catering 27 • Increase in price of raw material Product Categories • Logistics time of Raw Material • Expanding New Geographical • Assembling Time Markets • Technological Investment • Research & Development • Possible ent
Slide 43: Peer Comparison
PEER COMPARISION Source : BSE India Ltd.
Slide 44: Contact details
MACPOWER CNC MACHINES LIMITED PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED Plot No. 2234, Near Kranti Gate, GIDC, 406-408 Keshava Premises, Bandra Kurla Metoda - 360021. Rajkot, Gujarat. (INDIA) Complex, Bandra East, Mumbai – 400 051 WWW.RCSGRAPHIC.COM Created by: