Tirupati Forge Ltd. · NSE:TIRUPATIFL
Tirupati Forge — Investor Presentation (December 2022)
29 slides from Tirupati Forge's investor presentation, Dec 12, 2022
Slide 1: Cover letter to National Stock Exchange
December 12, 2022 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G - Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol : TIRUPATIFL Series : EQ Dear Sir/Madam, Subject: Investor Presentation With reference to the captioned subject we,
Slide 2: Investor Presentation 2022
Forge Limited 2022 Investor Presentation w w w. t i r u p a t i f o r g e . c o m
Slide 3: Table of Contents
Table of Contents Company Overview Industrial Overview Business Overview Financial Highlights Competitive Strength
Slide 4: Company Overview
Company Overview 01
Slide 5: Who we are?
Forge Limited Incorporated in 2012. Who we are ? Company holds Quality certificate namely IATF 16949:2016, ISO 9001:2015, PED AD 2000 & Canadian Registration for all provinces of Canada. Our company is engaged in manufacturing & exporting of forged and machined components like Auto Components,
Slide 6: Milestones Key Event
Milestones Key Event 2021 Company has 2017 made tie-up for supply fire protection items Initial Public Offer & in bulk qty to 2016 Listing at NSE one of leading Emerge Platform in USA Customer. October 2017 Received Certificate 2013 from TUV Nord for Received Award for Management Export Excellence S
Slide 7: Meet Our Promoters
Meet Our Promoters Mr. Hitesh G. Thumar Mr. Bhavesh Barasia Chairman & Managing Director Whole-time Director Age 42 Years Age 40 Years Business Promotion & Development Business Development, possesses is a dynamic entrepreneur with rich 13 years of experience; leads industry experience; spearheads da
Slide 8: Board of Directors & Key Management Team
Board of Directors & Key Management Team Hitesh Thumar Bhavesh Barasia Darshna Thumar Chairman & Whole Time Director Non Executive Director Managing Director Sachin Ravani Jagruti Erda Atul Natu Independent Director Independent Director Chief Financial Officer CS Vivek Moliya R. D. Chaudhari Mayur J
Slide 9: Industrial Overview
Industrial Overview 06
Slide 10: Market Overview
Market Overview Global Forging Industry size of $375 Billion. 65% of the demand come from Auto Components At least 20% global forged products produced from India Current exports from India are in range of $3 Billion. 7
Slide 11: Growth Drivers
Consumption led capital expenditure indicates strong demand in : Growth Automobiles and Auto Components Fire and Safety Products Drivers Oil and Gas. Mining and Minerals Railway and Defense Sector Industrial Machinery Demand Outlook strong on both Global & Domestic Market Global Market Indian
Slide 12: India Supply Trends
India Supply Indian Forging Industries currently very fragmented Trends Opportunity for large well managed units to capture market share. Manpower – Cheaper and abundance Outsourcing opportunity to continue Superior Management key to sustain profitability Lower Cost base Outsourcing opport
Slide 13: Business Overview
Business Overview 10
Slide 14: Our Products
Includes End User Our Closed Die Forged Products Products Auto Components, Bearings, Automobile, Railways, Gears, Crank Shaft Agriculture, etc. Hydraulic Extrusion Spindle, Hollow Jobs, Axle, Defense & OEM., etc. Stub End, Long weld neck, etc. Forged Flanges & Fittings Carbon Steel & Stainless Oil a
Slide 15: Manufacturing Capacity
Manufacturing Capacity Forging Ring Rolling Hydraulic Hammer with Extrusion Induction Press Machine Paint Packing Shop Shop & Logistics 12
Slide 16: Certificate
Certificate Forge Limited 13
Slide 17: Key Clients
Key Clients Mahindra Gears & Transmission Pvt. Ltd. 14
Slide 18: Financial Highlights
w eal ights ial Highl Financ
Slide 19: Balance Sheet
Balance Sheet Rs. in Lacs Particulars FY 22 FY 21 FY 20 F Share Capital 1960.00 1120.00 1032.00 10 Reserves & Surplus 720.98 956.24 754.15 75 Net worth 2680.98 2076.24 1786.15 17 Share Application Money 0 0 65 pending Allotment Long term borrowing 420.69 300.08 226.81 22 Deferred Tax (Net) -- 13.95
Slide 20: Profit & Loss A/c
Profit & Loss A/c Rs. in Lacs Particulars FY 22 FY 21 FY 20 Total Revenue 8930.32 3097.27 2796.95 Total Expenses 8095.11 3042.87 2758.58 EBITDA 1165.72 287.63 264.88 Depreciation 242.91 196.28 181.75 Finance Cost 87.60 37.30 50.35 PBT 835.21 54.40 38.37 Tax 228.89 13.70 8.55 PAT 622.31 39.38 27.50 B
Slide 21: Financial Ratio
Financial Ratio PAT EBIDTA 700.00 622.31 1400 1165.72 600.00 1200 500.00 1000 400.00 800 300.00 600 400 287.63 200.00 264.88 100.00 200 27.50 39.38 0 0.00 2020 2021 2022 2020 2021 2022 ROCE RONW 25.00 35 31.67 21.42 30 20.00 25 15.00 20 15 10.00 10 5.00 3.46 2.99 2.18 5 2.37 0.00 0 2020 2021 2022 20
Slide 22: Investment Highlight
Investment Highlight Objective : Align Investments with vision to generate returns Investor’s Wish List Tirupati Forge FY - 22 revenue of INR 8930.32 Lacs High Growth with Profitability with PAT Margin of INR 622.31 Lacs Promoters having wide Solid Management Team experience in forging industry. Ful
Slide 23: Financial Ratio
Financial Ratio EBIDTA margin PAT increased Increased from 1580.26 % 9.35% in FY21 from Rs. 39.38 lacs to To 13.17% in FY22 Rs. 622.31 Lacs in FY-22 EBIDTA grow Revenue of the improve company increased 404.79% 288.33 from Rs. 287.98 lacs % to Rs.1165.72 Lacs from Rs. 3097.27 Lacs in FY 22 PBT growth
Slide 24: Key Strengths
Fully Integrated Forging Capacity Key Forging - Capacity -> 18000 TPA. Strengths Hydraulic Extrusion - Capacity -> 6000 TPA Ring Rolling Capacity -> 7200 TPA Machining - Capacity -> 7200 TPA. Location - HADAMTALA, RAJKOT Young Visionary & Dynamic Management 5 % Duty Exemption from used pow
Slide 25: Business Model
Fully Integrated Forging Company Business Model The integrated plant - from forging to machining under one roof. Combination of Hammer and Ring Rolling Technology, resulting saving in wastage Wind Mills or Solar Plant to produce power @Rs. 4.50 per unit. Modification to add capacity. Sourcing Proces
Slide 26: Recent Expansions
Recent Forge Limited Expansions w w w. t i r u p a t i f o r g e . c o m Over the year, Tirupati Forge continues to invest in state-of-the-part facilities harboring World-class capacities and capabilities. Our facility includes fully Automatic Forging and Machining Lines. The largest of its kind and
Slide 27: Benefits of Hydraulic Extrusion Press Line
BENEFITS OF HYDRAULIC EXTRUSION PRESS LINE Fully Automatic line which reduces manpower cost. Zero wastage during process. Minor power requires. No major competitor in this field. Huge demand in OEM and Defense. High profit margin. 6000 Ton TPA production capacity will increase. Suitable to produce v
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Slide 29: Corporate Information
Corporate Information Forge Limited Registered Office & Factory Plot No. 1-5, Survey No. 92/1, +91 98250 93907 Near Shan Cement, N.H. 27, Overseas : export@tirupatiforge.com Hadamtala Industrial Area, Domestic : info@tirupatiforge.com Village: Hadamtala, Tal: Kotda Sangani www.tirupatiforge.com Rajk
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