S-3048-1 MPM Water Projects, Products, Services & Distribution. (India)

 

The company is the largest integrated platform in its industry in India. It is well established in a high growth industry, among the top three in all its product categories. Its projects industrial division has won 20 MLD desalination project worth 250 Crores. Its components division, which deals in membranes, filters, valves, etc., caters to 70%+ of systems integrators in 35 cities across India. Its services division is currently managing 40+ O&M contracts and 60+ AMCs. Its packaged and industrial plants have executed 500+ projects, built 2100+ packaged plants, and installed 1200+ water vending machines. Its consumer segment division serves purified water in 1000+ villages and 500 towns.

This 291-employee company has a best-in-class, entrepreneurial management team, led by industry veterans, supported by marquee investors and highly respected board members. It has an enviable track record of robust financial performance—CAGR for revenue and EBITDA of 58.5% and 91.9%, respectively over FY15–FY18. A world class South Asia based PE Fund is currently invested with minority stake. The company’s last audited top-line was ~740 cr. with EBITDA @ ~11% of ~80 cr. and PAT @ ~5% of ~37 cr. With sufficient working capital, it has tremendous potential to easily achieve a top-line of ~1500 cr. with EBITDA ~19%.

There is an opportunity here for a complete acquisition or purchase of a controlling stake in the entire company or any one or more of its divisions, with or without continuing the existing management.

Financial Summary (USD)
	2019	2018	2017
Gross Revenue	102 M	106 M	88 M
Net Income	12 M	11 M	6 M

Other Highlights
Location	Financials	Management Team in Place	Years in Business	SIC
India	Audited	Yes	10	1623, 4400, 4941

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Direct inquiries to:

Gottesman Company

Refer to:  S-3048-1 MPM

US Office:  718-618-5346     UK Office: +44 (0)7906786505

E-mail: dmj@gottesman-company.com