Vilas Transcore Limited · NSE:VILAS
Vilas Transcore — Investor Presentation (June 2024)
29 slides from Vilas Transcore's investor presentation, Jun 24, 2024
Slide 1: Investor Presentation FY24
g The Core People (An ISO 9001 : 2008 certified company) INVESTOR PRESENTATION FY24
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vilas Transcore Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 3: Table of Content
Table of Content 1 Company Overview 2 Growth Enablers 3 Financial Performance 4 Annexure 3 Investor Presentation - FY24
Slide 4: Company Overview
Company Overview
Slide 5: Company Overview
Company Overview Nearly 3 decades of expertise in manufacturing and Product Portfolio supply of mission critical components used in the Power Distribution And Transmission Sector 1. CRGO* Mother Coils 2. CRGO* Slitted Coils 3. Toroidal Core High Voltage CT Used in small transformers, distribution tr
Slide 6: Well Experienced Management at the Helm
Well Experienced Management at the Helm Vipul Kumar Patel Whole Time Director and CFO Qualification: Bachelors of Commerce and Bachelors of Education from Gujarat University Experience: 16 years Natasha Patel Non-Executive Director Qualification: International bachelor of business administration with
Slide 7: Key Business Strengths
Key Business Strengths 01 02 03 04 30+ Years of Delivering State of the Art Long-standing Strong Track record of engineering excellence Manufacturing relationships with Financial Performance Capabilities marquee customers Deep expertise in ISO 9001:2015 certified Consistent delivery of Efficient Busin
Slide 8: 30+ Years of Delivering Engineering Excellence – Product Range
30+ Years of Delivering Engineering Excellence – Product Range… 1. CRGO Transformer Lamination Eu iron-silicon alloys that provide low core loss and high permeability needed for more efficient and economical electrical transformers. Capable of manufacturing distribution & power transformer laminations
Slide 9: Having Critical Usage in Transformers and Electrical Equipments
…Having Critical Usage in Transformers and Electrical Equipments Product Criticality of Components Use Cases & Sectors ▪ Essential in the T&D sector to Enhance Transformer CRGO Efficiency Transformers that power heavy Transformer machinery, ensuring efficient energy use ▪ Minimizes Losses caused by
Slide 10: Existing State-of-the-Art Manufacturing Facilities
Existing State-of-the-Art Manufacturing Facilities ✓ Two Manufacturing Units ISO 9001:2015 certified, spread over ~142,000 sq. ft., having a combined capacity of 12,000 MTPA ✓ Strategically located on NH 8 (at Por near Vadodara, Gujarat), connecting Delhi and Mumbai which provides easy access to key
Slide 11: Long-standing Relationships with Marquee Customers
Long-standing Relationships with Marquee Customers ✓ Consistent delivery of quality and cost competitive products and ability to continuously engineer products ✓ Undertake product development initiatives enabling deepened customer relationships through cost optimization and reduction of development
Slide 12: Track Record of Robust Financial Performance
Track Record of Robust Financial Performance Revenue from Operations (Rs Mn) EBITDA* (Rs Mn) & Margin (%) PAT (Rs Mn) & Margin (%) 12.3% 11.1% 11.0% 7.7% 7.2% 7.3% 3,097 8.1% 2,826 346 231 2,330 289 315 4.0% 202 179 1,327 109 52 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 EBITDA EBIT
Slide 13: Growth Enablers
y= Growth Bic Enablers
Slide 14: Key Business Strategies
Key Business Strategies Expanding Capacity Enhancing Product Offerings to cater fast-growing demand in the sector to garner higher wallet share (current capacity at full utilization of ~90%) (through Engineering, Innovation and Design Competence) Expanding Customer Base Focus on Enhancing Operating
Slide 15: New Greenfield Project – Tripling of Manufacturing Capacity
New Greenfield Project – Tripling of Manufacturing Capacity... ❑ Plant Location and Capacity: Vadodara, Gujarat with a Total Capacity of 24,000 MTPA ❑ Project Funding: IPO proceeds used for Building Construction and Plant & Machinery ❑ Current Status: Construction work has started; Machinery to be o
Slide 16: Backed by IPO Funding - Deployment Status
...Backed by IPO Funding - Deployment Status Successfully completed the IPO of INR 952.6 Mn Listed on NSE SME with effect from 3rd June 2024 Objects of the IPO As per Prospectus Incurred* Balance* Remark Strategic Acquisition Rs 50 Mn - Rs 50 Mn Drive Strategic Growth Building Construction Rs 201 Mn
Slide 17: Industry Overview
Industry Overview Total Generation in India (including renewable sources- BU) • With a generation capacity of 423.35 GW, India is the third-largest producer and consumer of electricity in the world. • India ranked fourth in wind power capacity and solar power capacity, 1,624 and renewable energy fou
Slide 18: Advantage to India
Advantage to India Growing Demand • Expansion in industrial activity, growing population along with increasing electrification and per-capita usage to to boost demand for electricity. • Power consumption in India in FY23 logged a 9.5% growth to 1,503.65 billion units (BU), as compared to 1,374.02 BU
Slide 19: Financial Performance
Financial Performance a
Slide 20: From the Chairman's Desk
From the Chairman’s Desk Mr Nilesh Jitubhai Patel Chairman & Managing Director “We are pleased to be able to continue our growth momentum in the fiscal gone by, although the growth was capped due to capacity constraints as we operated at near full capacity. Our financial foundation stands strong wit
Slide 21: FY24 - Business Update
FY24 - Business Update Revenue from Operations EBITDA* PAT Rs 3,097 Mn Rs 346 Mn Rs 231 Mn 10% YoY 10% YoY 14% YoY • Limited growth in FY24, on account of capacity constraint (current utilisation at ~90%) Capacity & Production (MTPA) • Profitability remained stable with EBITDA Margin at 11% and PAT
Slide 22: Profit and Loss
Profit and Loss Particulars (Rs Mn) FY21 FY22 FY23 FY24 CAGR (FY21-24) Revenue From Operation 1,327 2,330 2,826 3,097 Other Income 22 22 22 42 Total Income 1,349 2,352 2,848 3,139 33% Cost of Materials Consumed 1,180 2,118 2,243 2,316 Changes in Inventories of Finished Goods Work-In- Progress -57 -3
Slide 23: Balance Sheet
Balance Sheet Liabilities (Rs Mn) FY21 FY22 FY23 FY24 Assets (Rs Mn) FY21 FY22 FY23 FY24 Share Capital 30 30 30 180 Property, Plant & Equipment and 381 371 345 327 Intangible Assets Reserves & Surplus 973 1,145 1,340 1,414 Other Non-Current Assets 2.4 2.6 12.6 17.3 Shareholders' Funds 1,003 1,175 1,
Slide 24: Cash Flow Extract
Cash Flow Extract Particulars (Rs Mn) FY21 FY22 FY23 FY24 (A) Net Cash Flow from Operating Activities 198 129 132 492 (B) Net Cash Flow from Investing Activities -5 -18 -106 -100 (C) Net Cash Flow from Financing Activities -12 -67 -5 -64 Net (Decrease)/ Increase in Cash & Cash Equivalents (A+B+C) 18
Slide 25: Annexure
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Slide 26: Manufacturing Process - CRGO Lamination
Manufacturing Process - CRGO Lamination 2 4 6 Testing of Testing & Slitting Finished Goods Inspection Produced 1 3 5 6 Raw Material Production Cut to Packaging Purchase Planning Length & Dispatch 26 Investor Presentation - FY24
Slide 27: Manufacturing Process - Wound Core/ Toroidal Core
Manufacturing Process - Wound Core/ Toroidal Core 2 4 6 8 Testing Painting of & Slitting Annealing Inspection Impregnation 1 3 5 7 9 Raw Material Production Testing of Packaging & Winding Purchase Planning Core Product Dispatch 27 Investor Presentation - FY24
Slide 28: Key Milestones for the Company
Key Milestones for the Company Over 30 Years of Delivering Excellence • Installed Automatic cut to length M/C (SDRI-China) for Precise cutting with auto stacking facility 2011-2024 • Installed slitting M/C (SDRI - China) for accurate slitting width upto 1200mm. • Installation of additional 4 Nos. E.
Slide 29: Let's Connect
Let’s Connect Vilas Transcore Limited Stellar IR Advisors Pvt. Ltd. CIN No. : U31102GJ2006PLC049469 Pooja Sharma / Akhilesh Gandhi Ms Gandhali Paluskar pooja.sharma@stellar-ir.com / akhilesh@stellar-ir.com cs@vilastranscore.com Phone: +91 22 62398024