Pavna Industries Limited · NSE:PAVNAIND
Pavna Industries — Q2 FY24 Earnings Presentation
33 slides from Pavna Industries's earnings presentation, Jan 2, 2024
Slide 1: Covering letter to stock exchanges
Date: 02/01/2024 To, BSE Limited, The National Stock Exchange of India Ltd, P.J. Towers, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Kala Ghoda, Fort, Bandra (East), MUMBAI-400001 MUMBAI-400 051 Scrip Code: 543915 Scrip Code: PAVNAIND ISIN: INE07S101020 Sub: Investor Presentation for Q2 FY24
Slide 2: Result Update Presentation Q2 & H1 FY24
Pavna Industries Limited Result Update Presentation Q2 & H1 FY24
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Pavna Industries Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any
Slide 4: Contents
01 Financial Highlights CONTENTS 02 Company Overview 03 Business Overview 04 Industry Overview 05 Way Ahead 3
Slide 5: Financial Highlights
01 Financial Highlights
Slide 6: Management Comment
Management Comment Commenting on the result, Mr. Swapnil Jain, Managing Director said- “For this quarter, quarterly financial analysis has been made on a sequential basis and not on year on year due to a major change in our corporate structure. In Q2 FY23, Pavna Goyam Auto Private Ltd. (PGAPL) playe
Slide 7: Q2 FY24 Financial Highlights
Q2 FY24 Financial Highlights Particulars (Rs. Cr.) Q2 FY24 Q2 FY23 Y-o-Y (%) Q1 FY24 Q-o-Q (%) Revenue from Operations 76.16 104.20 79.41 Other Operating Income 0.00 0.00 0.00 Total Income 76.16 104.20 (26.91%) 79.41 (4.09%) Total Raw Materials 47.68 69.75 52.32 Employee Cost 8.60 10.95 7.74 Other E
Slide 8: Half Yearly Financial Highlights
Half Yearly Financial Highlights Particulars (Rs. Cr.) H1 FY24 H1 FY23 Y-o-Y (%) Revenue from Operations 155.57 188.77 Other Operating Income 0.00 0.00 Total Income 155.57 188.77 (17.59%) Total Raw Materials 99.99 124.84 Employee Cost 16.34 20.57 Other Expenses 22.21 31.44 Total Expenditure 138.54 1
Slide 9: Financial Highlights
Financial Highlights Revenue from Operations ( Rs. Cr) 362.2 315.6 219.4 179.7 155.6 FY20 FY21 FY22 FY23 H1 FY24 EBITDA (Rs. Cr)* PAT (Rs. Cr) 35 10 30 9 8 9.2 8.6 9.1 25 7 20 32.8 6 7.21 5 6.31 15 29.7 4 10 18.6 19.9 17.0 3 2 5 1 0 0 FY20 FY21 FY22 FY23 H1 FY24 FY20 FY21 FY22 FY23 H1 FY24 *excludin
Slide 10: Balance Sheet as on 30th September'23
Balance Sheet as on 30th September’23 Particulars (Rs. Cr) As on Sept’ 23 As on Mar’23 Particulars (Rs. Cr) As on Sept’ 23 As on Mar’23 Shareholders Funds 78.82 74.11 Non Current Assets 79.31 100.35 Share Capital 12.18 12.18 PPE 67.06 85.94 Reserves & Surplus 55.69 49.48 Minority Interest 10.95 12.4
Slide 11: Balance Sheet Ratios
Balance Sheet Ratios Working Capital Days Debt to Equity 117 107 2.22 2.27 1.72 1.15 12 23 FY20 FY21 FY22 FY23 FY20 FY21* FY22 FY23** RoCE RoE 15.91% 17.13% 22.09% 14.55% 17.60% 13.01% 13.19% 11.97% FY20 FY21* FY22 FY23** FY20 FY21* FY22 FY23** RoCE = EBIT/(Shareholders Fund + Total Debt- Non Curren
Slide 12: Company Overview
02 Company Overview
Slide 13: About Us
About Us Amongst leading manufacturers of Automotive Components for two & three wheeler industry Incorporated in 1971 by Mr. Pawan Jain About five decades of experience in Auto Components manufacturing for well-known OEMs Diversified Portfolio Ultra-Modern Manufacturing Switches, Fuel Tank Cap
Slide 14: Company Structure
Company Structure Holding Company: Pavna Industries Limited Aligarh (Uttar Pradesh), Pantnagar (Uttarakhand), Aurangabad (Maharashtra) Subsidiary Company: Subsidiary Company: Subsidiary Company: Pavna Marketing Pavna Auto Subsidiary Company: Pavna Sunworld Pvt. Ltd. Engineering Pvt. Ltd. Swapnil Swi
Slide 15: Journey So Far
Journey So Far EVAP Technology Inception of business developed and Joint venture with Acquired subsidiary for supply of die – Commences supply of ISO 18001:2010 Migrated to NSE implemented in Sunworld, Taiwan company Pavna Auto casting components Auto Locks to OEM’s certification Main Board and Fuel
Slide 16: Experienced and Professional Management…
Experienced and Professional Management… More than two decades of experience in strategy and business development, also responsible for Pavna’s growth Mr. Swapnil Jain He has established Pavna Sports Pvt. Ltd., which is well equipped to groom sportsmen of that area (Managing Director) General
Slide 17: …Experienced and Professional Management
…Experienced and Professional Management Mr. Pankaj Aggarwal More than 32+ years of experience with more than 30 years of experience in manufacturing sector (Assistant Vice President) Possesses a post-graduate qualification as PGDBM – Operations Has rich experience of over 8+ years wowing with
Slide 18: Our Vision, Our Mission
Factors Driving Company’s Growth OUR VISION OUR MISSION Build entrepreneurial organizations, making To retain and reinforce our position as leading Indian difference to society through creation of value manufacturer of automotive genuine spare parts, to meet aspirations of customers in domestic and
Slide 19: Key Strengths
Key Strengths Our success is attributed to teamwork, continuous R&D and commitment of every member of Company Best ‘Speed to Market’ in Industry Cost efficiency Updated technology Global scale of operations Product range and expansion lend scalability to operations Comprehensive CAD/CAM and product
Slide 20: Business Overview
03 Business Overview
Slide 21: Diverse Product Offerings…
Diverse Product Offerings… Steering cum Ignition Switches For 2 Wheeler For 3 Wheeler For 4 Wheeler Steering cum Ignition Penta Lock Switch assembly with Bracket Fuel Tank Caps For 2 Wheeler For 3 Wheeler For LCV For Tractor 20
Slide 22: …Diverse Product Offerings…
…Diverse Product Offerings… Fuel Cocks & Pumps Engine Components Manual Fuel Cock Fuel Pump for 4 stroke Carburetor Throttle Body Water Pump Fuel Pump for 2 stroke Auto/ Vacuum fuel cock Casting Components Cover Megneto Grab Handle Coupling with Grab Handle Step Holder Clutch & Brake Cover Rear Spro
Slide 23: …Diverse Product Offerings…
…Diverse Product Offerings… Switches 12V Power Reverse Break Hazard Warning Head Lamp 12V Power Handle Bar USB Mobile Charger LH/RH Handle Bar Socket for 3 Wheeler Switch for 4 Leveling Switch Socket Switch for 3 for 3 Wheeler Switch for 2 Wheeler Wheeler for 4 Wheeler Wheeler Handle and Latches Out
Slide 24: …Diverse Product Offerings…
…Diverse Product Offerings… Automotive Electrical Products Steering cum Ignition Handle Bar Lever Side Stand LCM Light Magnet Termination Regulator Rectifier Ignition Lock Switch Switch LH & Assembly LH Sensor Control Holder Unit Unit Assembly RH & RH Accessories Wheel Lock Helmet Lock Disc Brake Lo
Slide 25: …Diverse Product Offerings
…Diverse Product Offerings New Arrivals Headlights Helmets Mirrors Horns Clutch Plate Control Cable Brake Shoe Blinkers Wire Harness Air Filters 24
Slide 26: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities Total 9 units at 3 different locations: 6 units located at Aligarh • 2 manufacturing units and other units involved in assembly and marketing 2 units located at Aurangabad (Assembly Units) 1 unit located at Uttarakhand (Assembly Unit) Total capacity: 50
Slide 27: Geographical Presence
Geographical Presence Company has 9 facilities at 3 locations - Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), & Pantnagar (Uttarakhand) Strategically located Distribution network in 17 states Distribution Network Manufacturing Plants & Offices 26
Slide 28: Marquee Clients
Piven Marquee Clients GROUP OF INDUSTRIES Ss eet !]Y 72m? FP E BAJAJ Kawasaki SSIS PA Mahindra TATA a COS Ss ts Ksbora Rov © iis sso nme Sieenuwe, G@puccio Ghia ENFIELD FORCE INTERNATIONAL ~ € H @ a => stn <> HINDUIATECH yOwkes S#rS ATUL HIMETIC JOHN DEERE PGLARIS AUTO LIMITED BISEACONES ¢Sinoo FARM
Slide 29: Industry Overview
01 Industry Overview
Slide 30: Industry Overview
Industry Overview Domestic Market Potential (US$ bn) Export Market Potential (US$ bn) 200.0 30.0 19.0 15.2 14.5 13.3 51.2 57.0 49.3 43.6 FY17 FY18 FY19 FY20 FY26E FY19 FY20 FY21 FY22 FY26E Share in Turnover of Auto Share of Export Components Industry (FY22) by Geography (FY22) 1.20% 12% 17.70% 31% E
Slide 31: Way Ahead
05 Way Ahead
Slide 32: Way Forward
Way Forward Key Focus Areas Improve operational efficiencies Margin expansion Gain in Market Share New Product Development Continued focus to keep adding new products in basket of products Developing Value Added products Export Opportunities Fully equipped manufacturing facilities of glo
Slide 33: Thank You
Thank You Company : Investor Relations Advisors : Pavna Industries Limited. Adfactors PR Pvt. Ltd. Ms. Mugdha Buchake Ms. Savli Mangle / Ms. Disha Shah finance@pavnagroup.com savli.mangle@adfactorspr.com disha.shah@adfactorspr.com www.pavna.in www.adfactorspr.com 32