Stove Kraft Ltd. · NSE:STOVEKRAFT
Stove Kraft — Q4 FY23 Earnings Presentation
26 slides from Stove Kraft's earnings presentation, May 30, 2023
Slide 1: Exchange filing cover letter for investor presentation
30TH May 2023 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 543260 NSE Symbol: STOVEKRAFT Dear Sir/Madam, Sub: Investor Presentation for C
Slide 2: Stove Kraft Limited Q4 & FY23 Investor Presentation
STOVE KRAFT LIMITED Q4 & FY23 INVESTOR PRESENTATION
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Stove Kraft Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induce
Slide 4: Q4 & FY23 Financial Performance
“ ” The only way to do great work is to love what you do - Steve Jobs Q4 & FY23 FINANCIAL PERFORMANCE 3
Slide 5: FY23 Performance (Y-o-Y)
FY23 Performance (Y-o-Y) FY23 FY23 FY23 Revenues Gross Profit EBITDA INR 1283.8 crores INR 420.4 crores INR 99.0 crores +13.0% Y-o-Y + 15.8% Y-o-Y +4.4% Y-o-Y Annual growth in Product Category Revenue Breakup: FY23 Y-o-Y Product Category Growth 23.5% 30.8% Cooker 19.6 % Induction Cooktops 13.4 %
Slide 6: Q4FY23 Performance (Y-o-Y)
Q4FY23 Performance (Y-o-Y) Q4FY23 Q4FY23 Q4FY23 Revenues Gross Profit EBITDA INR 278.1 crores INR 89.4 crores INR 5.9 crores +6.4 % y-o-y +14.0% Y-o-Y -62.0% Y-o-Y Quarterly growth in Product Category Revenue Breakup: Q4 FY23 Q-o-Q Product Category Growth 25.6% Cooker 22.0% 35.8% Induction Cookt
Slide 7: Profit & Loss Statement – Q4 & FY23
Profit & Loss Statement – Q4 & FY23 Profit & Loss Statement (Rs. Crs.) Q4 FY23 Q4 FY22 Y-o-Y FY23 FY22 Y-o-Y Revenue from Operations 278.1 261.3 6.4% 1,283.8 1,136.4 13.0% Cost of Materials Consumed 161.0 149.5 746.1 702.6 Purchase of stock-in-trade 17.3 20.1 113.8 110.9 Changes in Inventories of Fi
Slide 8: Balance Sheet as on 31st March 2023
Balance Sheet as on 31st March 2023 Equity and Liabilities (Rs. Crs.) 31-Mar-23 31-Mar-22 Assets (Rs. Crs.) 31-Mar-23 31-Mar-22 Equity share capital 33.0 32.9 Property, plant and equipment 362.4 309.4 Other equity 370.3 331.1 Capital work-in-progress 9.5 9.2 Total Equity 403.4 364.0 Intangible Asset
Slide 9: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Crs.) Mar-23 Mar-22 Cash Flow from Operating Activities Profit before Tax 47.3 62.5 Adjustment for Non-Operating Items 52.9 45.9 Operating Profit before Working Capital Changes 100.1 108.5 Changes in Working Capital -12.6 -104.8 Cash Generated from Operat
Slide 10: About Stove Kraft Limited
“ ” Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill ABOUT STOVE KRAFT LIMITED
Slide 11: Key Milestones
Key Milestones Granted trademark Investments by SIDBI Commenced exports to Achieved sales of 9.1 IPO with listing on registrations for Gilma Commenced production at retailers in the USA million units NSE and BSE Harohalli facility 2001 2008 2014 2018 2021 1999 2003 2010 2015 2019 Incorporated Stove
Slide 12: Diverse range of products across consumer preferences
Diverse range of products across consumer preferences… Cookware–Pressure cooker, wonder cast cookware, non-stick cookware, electric rice cookers and titanium hard anodized LPG Stoves Small appliances – Food cookware processors, juicers, hand LED bulbs Massage apparatus blenders, hand mixers, mini Co
Slide 13: State of the Art Manufacturing Facilities with focus on quality
State of the Art Manufacturing Facilities with focus on quality Baddi, Himachal Pradesh Comprising of 13 personnel and tie-ups Dedicated in-house with foreign companies for technology R&D facility enablement Focus on quality is Sourcing of raw materials ISO 9001:2015 certified maintained at all Prod
Slide 14: Professional Management
Professional Management Mr. Rajendra Gandhi Mr. A.S. Balaji Mr. Rohit Mago Mr. Vikash Gupta Managing Director Chief Financial Officer Chief Revenue Officer Chief Operating Officer • Founder of Stove Kraft with over 22 years • Chartered Accountant and Cost • B Sc, Government Autonomous Science • He w
Slide 15: Backed by Experienced Board
Backed by Experienced Board Mr. Rajendra Gandhi Ms. Neha Gandhi, Mr. Natrajan Ramakrishna Managing Director Executive Director Independent Director • Founder of Stove Kraft with over 22 years of experience • Holds a Bachelor’s Degree in Business Administration • He is a qualified Chartered Accountan
Slide 16: Shift in Consumption Patterns and Favorable Governments Policies
Shift in Consumption Patterns and Favorable Governments Policies Indian Consumer Appliance Market expected to grow @CAGR of ~9% Key Growth Drivers (INR Bn) Indian Appliance and Kitchen Appliances Market Consumer Electronics (ACE) Market LCA SCA Non Stick Cookware 01 Moving towards Aspirational Lifes
Slide 17: Indian Large & Small Cooking Appliance Market
Indian Large & Small Cooking Appliance Market Increasing Market for Large Cooking Appliances (LAC) Increasing Trend by Sub Segments – Value (INR Billion) Large Cooking Appliances 8 21,761 7 52 18,313 19,955 6 45 15,453 16,817 6 39 14,209 5 34 53 202 5 29 46 SKL is the market 179 25 34 39 159 30 lead
Slide 18: Non-Stick Cookware and Indian Household Utility Products
Non – Stick Cookware and Indian Household Utility Products Increasing Market for Non-Stick Cookware Types of Non-Stick Cookware Used (%) in 2020 11,389 16.8% 74.1% 10,367 67.0% 9,437 9.9% 8,590 56.2% 7,819 7,117 35.1% 21.0 18.0 6.4% 13.2 15.4 1.9% 1.3% 9.7 11.3 Paniyarakk Appachetty Frying Pan Cookw
Slide 19: Historical Financials
“ ” Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill Historical Financials
Slide 20: Consolidated Operating Performance
Consolidated Operating Performance Revenues (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 1,284 114 81 1,136 95 99 859 56 670 36 34 3 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Gross Profit Margins EBITDA Margins PAT Margins 34.0% 35.0% 13.2% 9.5% 31.9% 32.7% 8.3% 7.7% 4.9% 5.0% 2.8%
Slide 21: Key financial metrics
Key financial metrics RoCE 28.9% Working Capital (in Days) 16.7% 12.0% 9.2% Working 38 37 32 38 Capital (in Days) Mar-20 Mar-21 Mar-22 Mar-23 82 75 Cash Flow from Operations (Rs. 66 70 68 69 71 64 Crs.) 56 110 36 40 30 76 16 Mar-20 Mar-21 Mar-22 Mar-23 -5 Inventory Debtors Creditors Mar-20 Mar-21 Ma
Slide 22: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) FY23 FY22 FY21 FY20 Revenue from Operations 1,283.8 1,136.4 859.0 669.9 Cost of Materials Consumed 746.1 702.6 442.4 323.2 Purchase of stock-in-trade 113.8 110.9 125.2 128.8 Changes in Inventories of Finished Goods and Work in Pro
Slide 23: Historical Balance Sheet- 1/2
Historical Balance Sheet- 1/2 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 Equity share capital 33.0 32.9 32.6 24.7 Other equity 370.3 331.1 270.1 -83.4 Total Equity 403.4 364.0 302.7 -58.7 Financial liabilities Borrowings 10.0 15.3 20.7 204.8 Lease Liabilities 32.3 0.0
Slide 24: Historical Balance Sheet- 2/2
Historical Balance Sheet- 2/2 ASSETS (Rs. Crs.) 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 Property, plant and equipment 362.4 309.4 217.7 193.4 Capital work-in-progress 9.5 9.2 19.1 4.2 Intangible assets 4.0 3.0 3.2 3.6 Right to Use Assets 35.6 0.0 0.0 0.0 Goodwill on Amalgamation 0.1 0.0 0.0 0.0 Fina
Slide 25: Historical Cash Flow Statement
Historical Cash Flow Statement Cash Flow Statement (Rs. Crs.). Mar-23 Mar-22 Mar-21 Mar-20 Cash Flow from Operating Activities Profit before Tax 47.3 62.5 81.2 2.8 Adjustment for Non-Operating Items 52.9 46.0 36.8 34.4 Operating Profit before Working Capital Changes 100.1 108.5 117.9 37.2 Changes in
Slide 26: Thank You
Thank You Investor Relations Advisors : CIN: L29301KA1999PLC025387 Contact Person: Mr. Irfan Raeen Devansh Dedhia Email Address: +91 9930 147479 +91 97737 78669 Mr. Shrinivas P H - Company Secretary shrinivas.ph@stovekraft.com irfan.raeen@linkintime.co.in Devansh.Dedhia@linkintime.co.in