Vishnu prakash R Punglia LTD(VPRPL)-“Steering India’s Water Management Future”

VPRPL Q1FY25 Concall Pointers :

1. Growth Guidance:

• Revenue Growth of 15-20% on a conservative side. They should exceed this.
• Profit Growth should be much higher than the sales growth.
• Regular demand is there as these are public utility projects.
• Q1 is usually the weaker quarter.
• Revenue Breakup quarter wise:
  Q1: 10-15%
  Q2: 20%
  Q3: 35%
  Q4: 35%

2. Revenue Breakup project wise:

• Water Related Projects: 67%
• Railway Related Projects: 17%
• Road Related Projects: 6%

3. Orderbook:

• Till 30th June Order book of around 4917Cr. After June as well, got 510Cr of new orders.
• Strong Prospective pipeline of 5000Cr, bid winning rate is around 17-18%.

4. Cash Flows:

• Debtor Days is around 160days, due to election time, should go back to 60-70days.
• As Payment Cycle improves, debt will be reduced as well.

5. Cost Savings:

• Backward Integration – RMC Plant, Crusher Units, Hot Mix Plants etc helps to increase margins.

Disc: Have a tracking position, no reco.