Sterling Tools Limited · NSE:STERTOOLS
Sterling Tools — Q3 FY23 Earnings Presentation
31 slides from Sterling Tools's earnings presentation, Feb 1, 2023
Slide 1: PANKAJ GUPTA
PANKAJ Digitally signed by PANKAJ GUPTA DN: c=IN, st=Haryana, 2.5.4.20=91c20b2fcfe564fef4102e84306c7e087c1769bacee3205e2 487502c4ec657a3, postalCode=122018, street=MAYFIELD GARDEN, SECTOR-47 , GURGAON , Gurgaon, GUPTA pseudonym=555eab29ac1d4f98b016f433eaf886e2, serialNumber=21079ebe175ffdb60fd567a45
Slide 2: Sterling Tools Limited Q3 & 9MFY23
STERLING TOOLS LIMITED Q3 & 9MFY23
Slide 3: Table of Content
Page No. Q3 & 9M Table of Content 01 Company Overview 3 02 Q3 & 9M FY23 – Quarterly Highlights 18 03 Historical Financials 26
Slide 4: Company Overview
Company Overview |
Slide 5: About Sterling Tools Limited (STL)
About Sterling Tools Limited (STL) Pioneer with a Legacy 01 Second largest automotive fastener manufacturer in India with a rich legacy of over four decades Product Portfolio Offers a comprehensive product portfolio consisting of Standard, Chassis, Special and Engine Fasteners 02 Manufacturing Facil
Slide 6: About Sterling Gtake E-mobility Limited (SGEM)
About Sterling Gtake E-mobility Limited (SGEM) 1 Partnership with Jiangsu Gtake Electric Company Ltd. which led to Sterling Gtake E-mobility Ltd. (SGEM) 2 Gtake is a technology leader in motor control units for electric and hybrid vehicles and has a dominant market share in the electric CV space in
Slide 7: Our Mission, Vision and Goals
Our Mission, Vision and Goals We provide reliable and superior quality auto components to our customers by harnessing best-in-class manufacturing practices, clean and green technology, entrepreneurial spirit, and passion of our people Vision ✓ Be the most trusted brand for our customers ✓ Maximize v
Slide 8: Business Verticals
Business Verticals FASTENERS • STL is a premier producer of cold forged hi-tensile fasteners and supplies to all major auto OEMs • State of the Art manufacturing facilities to provide reliable and high-quality products • Diversified into multiple categories across Fasteners • Long standing relations
Slide 9: History & Milestones
History & Milestones 2022 • Fasteners 2020 business has Diversification to Electric outgrown Vehicle Components – industry growth under 100% subsidiary of • Substantial Sterling Gtake E-Mobility growth in EV Ltd. (SGEM) business 2021 2004 SGEM secured 1982 - 1999 Third Plant- Prithla an order worth
Slide 10: Pan India Presence
Pan India Presence 1 2 4 MCU Manufacturing Plant SGEM Tech Centre Fasteners Manufacturing Plants - Faridabad - Faridabad & Bangalore - Faridabad, Ballabhgarh, Palwal & Bangalore 18 Warehouses at 14 Locations Ahirabad Mehsana Ahmedabad Nagpur Altible Nashik Bhiwandi Pithampur Faridabad (3 Locations)
Slide 11: 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 Dr. Triloki Nath Kapoor Mr. Chhotu Ram Sharma Ms. Mali
Slide 12: Awards & Recognition
Awards & Recognition Certificate of Appreciation from Consistent Quality Supply Chain award Daimler Truck for performer award from Volvo Eicher being a reliable from Ashok Leyland Commercial Vehicle Partner and achieving 100% delivery 11
Slide 13: Product Range - Fasteners
Product Range - Fasteners Nuts Engine Fasteners Bolts & Screws Standard / Chassis Special Fasteners Fasteners Standards 12
Slide 14: About Motor Control Unit (MCU)
About Motor Control Unit (MCU) A Motor Control Unit ( is an electronic module that interfaces with the Motor as well as the Battery Pack to control the electric vehicle’s speed, acceleration and range based on the throttle input MCUs are one of the most important components of an EV and require a co
Slide 15: Product Range – Motor Control Unit (EV)
Product Range – Motor Control Unit (EV) Product: D00 Product: D06 Application: Low Speed Scooter Application: High Speed Scooter Localization in CY23 Localized Product: D03 Product: D04 Application: Performance Scooter & 3W Application: Light Commercial Vehicles Localized Localization in CY23 Produc
Slide 16: 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 15
Slide 17: MCUs (EV)
MCUs (EV) SGEM is the sole supplier of MCU’s to India’s largest EV 2 wheeler manufacturer SGEM has purchase orders from 14 EV OEM’s More than 30 automotive electric vehicle original equipment manufacturers are in advanced stages of discussion with SGEM regarding their MCU requirements for different
Slide 18: Our Strategy Going Ahead
Our Strategy Going Ahead • To improve the overall • To develop multiple product mix that is new products and margin accretive aspire to become a • To add new clients one stop shop for • To focus on value • To enhance Technical EV’s • To explore inorganic and expand into added products which capabili
Slide 19: Q3 & 9M FY23 Quarterly Highlights
Q3 & 9M FY23 Quarterly Highlights
Slide 20: Business Highlights
Business Highlights We are delighted to share that the company has reported a robust revenue growth of 33% in 9MFY23 to Rs. 443 crores as compared to corresponding period last year. The growth was primarily driven by increase in content per vehicle, overall robust industry demand & parts SOB increas
Slide 21: Industry Highlights
Industry Highlights Passenger Vehicles • The passenger vehicles reported a 31% growth in 9MFY23 as compared to 9MFY22 • The growth is mainly attributed to robust festive demand, new launches and adequate supply of vehicles Two-wheeler • The two-wheeler vertical registered a 13% growth YoY between Ap
Slide 22: Key Financial Highlights For Q3 & 9MFY23 - Standalone
Key Financial Highlights For Q3 & 9MFY23 - Standalone Rs. in Crs TOTAL INCOME EBITDA PBT PAT 15.1% 15.7% 8.0% 9.1% 5.7% 6.6% Performance 151.8 23.8 13.9 10.1 Quarterly 116.1 17.6 9.3 6.6 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 TOTAL INCOME EBITDA PBT* PAT Performance 16.3% 16.0% 8.9%
Slide 23: Key Financial Highlights For Q3 & 9MFY23 - Consolidated
Key Financial Highlights For Q3 & 9MFY23 - Consolidated Rs. in Crs TOTAL INCOME EBITDA PBT PAT 13.7% 13.8% 6.5% 8.9% 4.5% 6.7% Performance 208.5 28.7 18.5 13.9 Quarterly 122.5 16.8 8.0 5.5 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 TOTAL INCOME EBITDA PBT* PAT Performance 15.1% 13.7% 7.
Slide 24: Well Diversified Revenue Mix
Well Diversified Revenue Mix Fasteners Business EV Business Channel-wise Mix – 9MFY23 Segment-wise Mix – 9MFY23 Segment-wise Mix – 9MFY23 2% 1% 11% 2% 11% 2% 1% 24% 17% 21% 87% 23% 98% OEM PV Retail 2W 3W LCV Exports 2W Exports Replacement CV Others Farm Equipment & Off Road 23
Slide 25: Profit and Loss Statement - Standalone
Profit and Loss Statement - Standalone Rs. in Crs Particulars Q3FY23 Q3FY22 YoY (%) Q2FY23 QoQ (%) 9MFY23 9MFY22 YoY (%) Revenue from Operations 151.3 115.5 31.1% 153.9 -1.7% 442.6 332.8 33.0% Other income 0.5 0.6 0.8 2.3 2.4 Total Income 151.8 116.1 30.8% 154.7 -1.9% 444.8 335.2 32.7% Cost of Goods
Slide 26: Profit and Loss Statement - Consolidated
Profit and Loss Statement - Consolidated Rs. in Crs Particulars Q3FY23 Q3FY22 YoY (%) Q2FY23 QoQ (%) 9MFY23 9MFY22 YoY (%) Revenue from Operations 207.8 122.0 70.4% 178.6 16.4% 560.3 340.2 64.7% Other income 0.6 0.5 0.5 1.9 2.4 Total Income 208.5 122.5 70.2% 179.1 16.4% 562.2 342.5 64.1% Cost of Goo
Slide 27: Historical Financials
Historical Financials
Slide 28: Key Ratios
Key Ratios Debt / Equity (x) Current Ratio (x) Networth (Rs Cr) Fixed Asset Turnover (x) 0.31 0.30 2.05 2.09 2.15 386 1.49 0.29 363 Standalone 1.89 335 309 1.22 1.22 0.17 0.88 FY20 FY21 FY22 H1FY23 FY20 FY21 FY22 H1FY23 FY20 FY21 FY22 H1FY23 FY20 FY21 FY22 *H1FY23 Debt / Equity (x) Current Ratio (x)
Slide 29: Previous Annual Results
Previous Annual Results Financial Year PDF Link FY22 FY21 FY20 FY19 28
Slide 30: 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 31: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Sterling Tools Limited CIN: L29222DL1979PLC009668 CIN: U74140MH2010PTC204285 Mr. Pankaj Gupta (Chief Financial Officer) / Mr. Karan Thakker / Mr. Aakash Mehta Mr. Abhishek Chawla (Manager – Legal & Secretarial) karan.tha