Slide 1: Exchange covering letter for Investor Presentation Q1 FY24
STERLING TOOLS LIMITED 5 ® CIN : L29222DL1979PLCO09668 WORKS : 5-A DLF Industrial Estate Faridabad - 121 003 Haryana India s Tel : 91-129+227 0621 to 25/225 5551 to 53 STENE Fax : 91-129-227 7359 E-mail : sterling@stlfasteners.com website : stlfasteners.com By NEAPS By Listing Centre National Stock
Slide 2: Sterling Tools Limited Investor Presentation Q1FY24
STERLING TOOLS LIMITED INVESTOR PRESENTATION Q1FY24
Slide 3: Table of Content
Table of Content Page No. 01 Business Overview 04 02 Financial Highlights 09 03 Historical Financials 12 04 Annexure 15
Slide 4: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and the accompanying slides (the "Presentation") have been prepared by Sterling Tools Ltd (the "Company") solely for informational purposes and do not constitute an offer, recommendation, or invitation to purchase or subscribe for any securities, and shall not
Slide 5: Business Overview
STERLING GTAKE E-MOBILITY ®) E-MOBILITY g STERLING GTAKE BUSINESS OVERVIEW % < RELIABLE. SUSTAINABLE. TRANSFORMATIONAL Srent
Slide 6: At a Glance
At a Glance FastenersC Business EV Component C Business ▪ STL is a premier producer of cold forged hi-tensile fasteners and ▪ Sterling Gtake E-mobility Limited (SGEM) : Largest MCU manufacturer supplies to all major auto OEMs for Hi-speed scooters in India ▪ 4 Manufacturing Facilities: 3 in Faridaba
Slide 7: Management Commentary
MANAGEMENT COMMENTARY Commenting on the results and performance for Q1 FY24, Mr. Atul Aggarwal, Whole time Director of Sterling Tools Ltd. said: "We are pleased to share that the overall growth has been on a positive trajectory, with a topline growth of 27.6% and PAT growth of 36.4% on a YoY basis.
Slide 8: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS Rs. in Crs. EBITDA TOTAL INCOME 12.4% 13.0% 11.0% 213 223 28 175 23 23 Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24 PBT* PAT* 17 13 13 10 10 8 Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24 * Note – Estimated interest liability of Rs.20.39L recognised by the company on fore
Slide 9: Well Diversified Revenue Mix
WELL DIVERSIFIED REVENUE MIX Fasteners Business EV Component Business Channel-wise Mix Segment-wise Mix Segment-wise Mix Q1FY24 Q1FY24 Q1FY24 2% 2% 2% 10% 10% 2% 2% 27% 15% 21% 86% 24% 98% OEM Replacement PV Farm Equipment & Off Road Others 2W 3W & Others* Exports Others 2W Retail CV Exports Note -
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS 9
Slide 11: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Rs. in Crs. Particulars (Rs Crs) Q1FY24 Q1FY23 YoY Q4FY23 QoQ FY23 Total Income 222.8 174.6 27.6% 212.7 4.8% 774.9 Cost of Goods Sold 116.8 86.7 111.0 388.6 Gross Profit 106.0 88.0 20.5% 101.7 4.2% 386.2 Gross Profit Margin 47.6% 50.4% 47.8% 49.8% Total expenses
Slide 12: Standalone Profit & Loss Statement
STANDALONE PROFIT & LOSS STATEMENT Rs. in Crs. Particulars (Rs Crs) Q1FY24 Q1FY23 YoY Q4FY23 QoQ FY23 Total Income 148.6 138.3 7.4% 158.7 -6.3% 603.5 Cost of Goods Sold 60.7 55.9 73.7 254.4 Gross Profit 87.9 82.5 6.6% 85.0 3.5% 349.2 Gross Profit Margin 59.2% 59.6% 53.5% 57.9% Total expenses 66.9 60
Slide 13: Historical Financials
® STERLING GTAKE E-MOBILI TY *, 2 tepey st) inne evrmnane eaeronuanona. HISTORICAL FINANCIALS
Slide 14: Consolidated and Standalone Financial Highlights
FINANCIAL HIGHLIGHTS Rs. in Crs. Total Income EBITDA PBT* PAT* 18.1% 13.6% 15.4% 15.3% 10.0% 9.4% 8.4% 9.4% 8.7% 7.5% 6.3% 6.9% STANDALONE 604 92 57 41 475 68 68 73 32 30 37 40 27 370 358 34 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBITDA PBT* PAT* Total Income
Slide 15: Key Ratios
KEY RATIOS Debt / Equity (x) Current Ratio (x) Networth (Rs. Cr.) Fixed Asset Turnover (x) STANDALONE 0.34 2.70 401 1.79 0.31 0.31 335 363 1.49 2.05 2.01 1.92 309 1.22 1.22 0.17 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Debt / Equity (x) Current Ratio (x) Networ
Slide 16: Annexure
ANNEXURE 15 The image above represents our fasteners facility in Bangalore
Slide 17: History & Milestones
HISTORY & MILESTONES Customer Acquisition Swaraj Tractors Ashok Leyland First Plant- DLF Eicher Group of Isuzu motors Second Plant- Wire drawing Third Plant- Prithla Incorporation (Faridabad) Punjab Tractors Maruti unit at Ballabhgarh (Palwal) Escorts M&M (Faridabad) Hero Tata Motors HMSI 1979 1981
Slide 18: Product Portfolio
PRODUCT PORTFOLIO FASTENERS EV COMPONENT / MCU Standard Fasteners Special Fasteners Chasis Fasteners 2W & 3W Segment Engine Fasteners Nuts and Bolts PV & LCV Segment STANDARDS M & HCV Segment 17
Slide 19: Key Clientele - Fasteners
KEY CLIENTELE - FASTENERS Wheelers Passenger Vehicles Two Commercial Vehicles Construction Exports STRONGHOLD Equipment TIER-1 Farm Aftermarket: Strong Pan-India presence with 100+ Distributors 18
Slide 20: Pan India Presence
PAN INDIA PRESENCE Fasteners 4 Manufacturing - Faridabad Plants: - Ballabhgarh - Palwal - Bangalore 18 Warehouses at 14 Locations EV Component 1 MCU Manufacturing Plant: - Faridabad 2 SGEM R&D Centre - Faridabad - Bangalore Note – Maps not to scale. All data, information, and maps are provided “as i
Slide 21: Our Strengths
OUR STRENGTHS Leading player in the automotive fastener segment Credibility • We are second largest player in the automotive • Four decades of market presence helped the fastener segment company to demonstrate strong credibility • A long-standing relationship with major Auto OEM’s amongst all the st
Slide 22: Board of Directors
BOARD OF DIRECTORS Mr. Anil Aggarwal, Chairman-cum Managing Director 38+ years of experience, Expertise in Manufacturing, Project management, Administration, Product and Project development and Quality control for auto components Mr. Atul Aggarwal, Whole Time Director Dr. Triloki Nath Kapoor, Direct
Slide 23: Previous Annual Results
PREVIOUS ANNUAL RESULTS Financial Year PDF Link FY23 FY22 FY21 FY20 FY19 22 22
Slide 24: For further information, please contact
For further information, please contact STL Group : Investor Relations Advisors : Sterling Tools Limited CIN: L29222DL1979PLC009668 CIN: U74140MH2010PTC204285 Mr. Pankaj Gupta (Group Chief Financial Officer) Mr. Karan Thakker Mr. Abhishek Chawla (Company Secretary) Mr. Aakash Mehta pankaj.gupta@stlf