Sterling Tools Limited · NSE:STERTOOLS
Sterling Tools — Q2 FY24 Earnings Presentation
27 slides from Sterling Tools's earnings presentation, Oct 31, 2023
Slide 1: Sterling Tools Limited – Exchange Filing Letter
STERLING TOOLS LIMITED CIN: L29222DL 1979PLC009668 WORKS : 5-A DLF Industrial Estate Faridabad - 121 003 Haryana India Tel: 91-129-227 0621 to 25/225 5551 to 53 Fax: 91-129-227 7359 E-mail . st�rling@stlfasteners.com website : stlfasteners.com By NEAPS By Listing Centre National Stock Exchange of In
Slide 2: Investor Presentation Q2 & H1 FY24
STERLING TOOLS LIMITED INVESTOR PRESENTATION Q2 & H1 FY24
Slide 3: Table of Content
Table of Content Page No. 01 Q2 & H1 FY24 Business Highlights 04 02 Financial Highlights 09 03 Historical Financials 14 04 Annexure 17
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: Q2 & H1 FY24 Business Highlights
Q2 & H1 FY24 Business Highlights 4
Slide 6: Management Commentary
MANAGEMENT COMMENTARY Commenting on the results and performance for Q2 & H1 FY24, Mr. Atul Aggarwal, Whole time Director of Sterling Tools Ltd. said: “The consolidated revenues grew by 22.8% from Rs 353.8 crore in H1FY23 to Rs. 434.4 crore in H1FY24. The EBITDA has also witnessed a growth of 12.6% t
Slide 7: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS Rs. in Crs. TOTAL INCOME EBITDA 434 54 48 354 Revenue Mix H1FY24 130 H1FY23 H1FY24 H1FY23 H1FY24 PBT before exceptional items PAT* 304 33 28 26 26 STL (Standalone) SGEM H1FY23 H1FY24 H1FY23 H1FY24 *H1FY23 includes Exceptional gain of Rs. 6.7 crores and Rs. 0.4 crore
Slide 8: Standalone Financial Highlights
STANDALONE FINANCIAL HIGHLIGHTS Rs. in Crs. TOTAL INCOME EBITDA 293 304 47 44 • As per SIAM, the Automobile Industry production has grown by H1FY23 H1FY24 H1FY23 H1FY24 ~1% YoY for the period of April-September. STL has outperformed the industry, growing by 3.7% YoY in H1FY24 PBT before exceptional
Slide 9: Well Diversified Revenue Mix
WELL DIVERSIFIED REVENUE MIX STL (Standalone) SGEM Channel-wise mix End-user segment-wise mix End-user segment-wise mix H1FY24 H1FY24 H1FY24 2% 2% 2% 10% 10% 2% 2% 27% 14% 22% 23% 86% 98% OEM Replacement PV Farm Equipment & Off Road Others 2W 3W & Others* Exports Others 2W Retail CV Exports Note - 1
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS 9
Slide 11: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Rs. in Crs. Particulars Q2FY24 Q2FY23 YoY (%) Q1FY24 QoQ (%) H1FY24 H1FY23 YoY (%) Total Income 211.5 179.1 18.1% 222.8 -5.1% 434.4 353.8 22.8% Cost of Goods Sold 109.5 80.5 116.8 226.3 167.1 Gross Profit 102.1 98.7 3.5% 106.0 -3.7% 208.1 186.6 11.5% Gross Profit
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. in Crs. Particulars Sep-23 Mar-23 Particulars Sep-23 Mar-23 EQUITY AND LIABILITIES ASSETS Equity Non-current assets Equity Share Capital 7.2 7.2 Property, Plant and Equipment 279.9 273.9 Other Equity 393.2 411.5 Investments 15.3 15.3 Total Equity 418.8 400.4 Others 20.
Slide 13: Standalone Profit & Loss Statement
STANDALONE PROFIT & LOSS STATEMENT Rs. in Crs. Particulars Q2FY24 Q2FY23 YoY (%) Q1FY24 QoQ (%) H1FY24 H1FY23 YoY (%) Total Income 155.4 154.7 0.4% 148.6 4.5% 304.0 293.0 3.7% Cost of Goods Sold 69.2 60.1 60.7 129.9 115.9 Gross Profit 86.2 94.6 -8.9% 87.9 -2.0% 174.1 177.1 -1.7% Gross Profit Margin
Slide 14: Standalone Balance Sheet
Standalone Balance Sheet Rs. in Crs. Particulars Sep-23 Mar-23 Particulars Sep-23 Mar-23 EQUITY AND LIABILITIES ASSETS Equity Non-current assets Equity Share Capital 7.2 7.2 Property, Plant and Equipment 259.4 256.4 Other Equity 405.1 394.2 Investments 55.8 55.8 Total Equity 412.3 401.4 Others 16.6
Slide 15: Historical Financials
® STERLING GTAKE E-MOBILI TY *, 2 tepey st) inne evrmnane eaeronuanona. HISTORICAL FINANCIALS
Slide 16: Consolidated and Standalone Financial Highlights
FINANCIAL HIGHLIGHTS Rs. in Crs. Total Income EBITDA PBT before exceptional items PAT 18.2% 18.9% 15.4% 15.3% 14.4% 10.0% 9.4% 8.4% 8.8% 8.0% 7.8% 6.8% 6.3% 6.9% 5.9% STANDALONE 604 92 53 41 475 68 68 73 40 30 37 34 29 370 358 24 304 44 24 18 FY20 FY21 FY22 FY23 H1FY24* FY20 FY21 FY22 FY23 H1FY24* F
Slide 17: Key Ratios
KEY RATIOS Debt / Equity (x) Current Ratio (x) Networth (Rs. Cr.) Fixed Asset Turnover (x) STANDALONE 0.34 2.70 401 412 2.06 0.31 0.31 0.29 363 1.79 2.05 2.01 309 335 1.92 1.94 1.49 1.22 1.22 0.17 FY20 FY21 FY22 FY23 H1FY24* FY20 FY21 FY22 FY23 H1FY24* FY20 FY21 FY22 FY23 H1FY24 FY20 FY21 FY22 FY23
Slide 18: Annexure
ANNEXURE 17 The image above represents one of STL (Standalone) facility in Bangalore
Slide 19: At a Glance
At a Glance STL (Standalone) C SGEM C ▪ STL is a premier manufacturer of cold forged, hi-tensile fasteners and ▪ Sterling Gtake E-mobility Limited (SGEM): Largest MCU manufacturer in supplies to all major auto OEMs India ▪ 4 Manufacturing Facilities: 3 in Faridabad, 1 in Kolar (Bangalore) ▪ Manufact
Slide 20: 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 21: Product Portfolio
PRODUCT PORTFOLIO STL (Standalone) SGEM Standard Fasteners Special Fasteners Chasis Fasteners 2W & 3W Segment Engine Fasteners Nuts and Bolts PV & LCV Segment STANDARDS M & HCV Segment 20
Slide 22: Key Clientele - STL (Standalone)
KEY CLIENTELE - STL (Standalone) Wheelers Passenger Vehicles Two Commercial Vehicles Construction Exports STRONGHOLD Equipment TIER-1 Farm Aftermarket: Strong Pan-India presence with 100+ Distributors 21
Slide 23: Pan India Presence
PAN INDIA PRESENCE STL (Standalone) 4 Manufacturing - Faridabad Plants: - Ballabhgarh - Palwal - Bangalore 21 Warehouses at 14 Locations SGEM 1 Manufacturing - Faridabad Plant: 2 Tech Centres - Faridabad - Bangalore 22 22 Note – Maps not to scale. All data, information, and maps are provided “as is”
Slide 24: Our Strengths
OUR STRENGTHS Leading player in the automotive fastener segment Credibility • We are second largest manufacturer of automotive Four decades of market presence helped the fastener segment company to build strong credibility amongst all • Long-standing relationships with major Auto OEM’s the stakehold
Slide 25: 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 26: Previous Annual Results
PREVIOUS ANNUAL RESULTS Financial Year PDF Link FY23 FY22 FY21 FY20 FY19 25 25
Slide 27: 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