Pritika Auto Industries Ltd · NSE:PRITIKAUTO
Pritika Auto Industries — Q4 FY22 Earnings Presentation
31 slides from Pritika Auto Industries's earnings presentation, May 9, 2022
Slide 1: Pritika Auto Industries Limited Result Update Presentation Q4 & FY22
Pritika Auto Industries Limited Result Update Presentation Q4 & FY22
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Pritika Auto 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 wi
Slide 3: Executive Summary
Executive Summary Company Overview Financial Highlights (FY22) ▪ Pritika Auto Industries is among leading manufacturers of machined castings in India ▪ Incorporated in 1973, Company manufactures components for tractors and commercial vehicles Operating Revenue ▪ Total installed capacity of over 50,0
Slide 4: Vision and Mission of Company
Vision and Mission of Company ▪ To be First choice among Original Vision Equipment’s Manufacturers for Machined Castings ▪ To be One of the Largest Producers of Machined Castings in India ▪ Installed capacity of 1,00,000 tons of Machined Castings by Year 2025 Missions 4
Slide 5: Company Overview
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Slide 6: About Us
About Us Leading manufacturer of tractor components in India ▪ Incorporated in 1973 by Mr. R.S. Nibber ▪ About five decades of experience in Tractor/Auto Component manufacturing Diversified Portfolio Modern Manufacturing Facilities ▪ Axle Housings, Wheel Housings, ▪ Punjab and Himachal Pradesh Hydra
Slide 7: Journey So Far…
Journey So Far… 2007 2012-15 2019-21 ▪ 2012- Expansion of ▪ Won 1,200 tons pa order for low HP 1973-75 ▪ Started First integrated tractor components Foundry & Machine capacity by 4,800 tons ▪ Started by Mr. R. S. ▪ Received 2,400 tons pa order of rear Nibber in 1973 as 1999 Shop in Village Bathri pa
Slide 8: Leadership Team to drive Growth...
Leadership Team to drive Growth... Raminder Singh Nibber Harpreet Singh Nibber Chairman Managing Director ▪ Mechanical Engineer started career with ▪ Mechanical Engineer worked for more than 2 Escorts Limited for 10 years years in reputed tractor manufacturing ▪ Awarded “UDYOG PATRA” for Self Made C
Slide 9: ... Backed by Professional Management
... Backed by Professional Management Mr. Narinder Kumar Tyagi Sri Ajay Kumar Rai Sri Navpreet S. Sujlana Chief Financial Officer Executive Director Deputy General Manager- Sales & Marketing ▪ Chartered Accountant ▪ Graduate in Mechanical Engineering ▪ Graduated in Mechanical with more than 25 years
Slide 10: Business Overview
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Slide 11: Diverse Product Offerings
Diverse Product Offerings Rear Axle Housings 11
Slide 12: Diverse Product Offerings
Diverse Product Offerings Hydraulic Lift Covers/ Housing Differential Case Clutch & Fly Wheel Engine Covers Plate Diff. Carriers Bull Cages Housings 12
Slide 13: Diverse Product Offerings
Diverse Product Offerings Wheel Hubs Front Engine/Axle Support Crank Case, Cylinder Blocks & Cam Shafts Brake Housings, End Covers & Actuating Disc 13
Slide 14: Market Share – Major Products
Market Share – Major Products Axle Housings Differential Case 28% Market share 25% Market share Brake Housings Source : Company 20% Market share 14
Slide 15: Wide Application of Products
Wide Application of Products 15
Slide 16: Key Customers
Key Customers PRITIKA Group of Industries Casting | Forging | Machining ams | © | ...&.. SwaRay HEME py GH mit ncaa | TAFE <Sana> adaee ne... A>7 ga
Slide 17: Key Strengths
Key Strengths Over five decade old strong & established brand ▪ Among leading manufacturers of tractor components in India Diversified Product offerings Reputed and established ▪ Manufactures diverse range of Management products ▪ Dynamic Experienced Leadership ▪ Continual expansion of product ▪ Vas
Slide 18: Awards & Recognitions
Awards & Recognitions AWARDS YEAR ORGANIZATION CII – SIDBI India Engineering Trade Best Quality 2001 Fair Centre for International Trade & 2nd Best Display Award 2005 Industry at Made in Punjab Show Best Quality Performance 2010-11 Swaraj Ltd. Award For Casting Commodity 2012 Mahindra & Mahindra Bes
Slide 19: Chairman’s Message
Chairman’s Message
Slide 20: Chairman’s Message
Chairman’s Message “Our full year performance is in line with expectations and reflects our sustained growth. Despite market uncertainties during this period, we are witnessing a strong and sustainable order book. The past year also faced headwinds from continued impacts of the pandemic, especially
Slide 21: Key Recent Developments during the year
Key Recent Developments during the year Strategy – To expand capacity organically and through acquisitions, on back of strong order book, while expanding export opportunities ➢ Added a new reputed domestic client ➢ Won additional order for axle housings worth Rs. 10 cr per annum ➢ Won repeat export
Slide 22: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 23: Quarterly Financial Highlights – Q4 FY22
Quarterly Financial Highlights – Q4 FY22 Production Volume (TPA) Revenue (Rs. Cr) 10,123 10,723 79.6 85.5 9,807 72.7 56.0 57.0 5,938 5,885 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 EBITDA (Rs. Cr) / Margin (%) 12 20% 10 12.5% 11.3% 11.8% 9.1 16% 8 9.0 8.6 10.7%
Slide 24: Quarterly Financial Highlights
Quarterly Financial Highlights Rs. Cr Q4 FY22 Q4 FY21 Y-o-Y Q3 FY22 Total Income from operations 57.00 79.63 55.98 Other Operating revenue 0.00 0.00 0.00 Net Revenue 57.00 79.63 (28.43%) 55.98 Raw Materials 34.36 47.85 34.67 Employee Cost 4.83 4.25 4.19 Other Cost 10.68 18.55 11.92 Total Expenditure
Slide 25: Annual Financial Highlights – FY22
Annual Financial Highlights – FY22 Volumes (Tons) Revenue (Rs. Cr) 33,110 31,206 32,353 225.7 271.2 26,257 209.7 168.0 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 40 20% 15 8% 35 6.7% 14.4% 11.1% 16% 14.1 14.4 7% 30 12 12.5% 5.3% 6% 30.2 30.0 25 10.
Slide 26: Annual Financial Highlights – FY22
Annual Financial Highlights – FY22 Rs. Cr FY22 FY21 YoY% Total Income from operations 271.23 225.69 Other Operating Income 0.00 0.00 Net Revenue 271.23 225.69 20.18% Raw Materials 166.10 134.76 Employee Cost 17.74 13.59 Other Cost 57.35 53.56 Total Expenditure 241.20 201.91 EBITDA 30.02 23.78 26.26%
Slide 27: Balance Sheet as on 31st March 2022
Balance Sheet as on 31st March 2022 Rs. Cr As on 31st Mar ‘21 As on 31st Mar ‘22 Rs. Cr As on 31st Mar ’21 As on 31st Mar ’22 Equity 127.71 139.01 Non-current Assets 133.17 134.64 Property, Plant and Equipment 101.08 115.18 Equity Share Capital 17.73 17.73 Capital work in progress 10.53 2.42 R&S 109
Slide 28: Key Ratios
Key Ratios RoE (%) RoA (%) 12.2% 6.1% 8.1% 3.9% 5.1% 5.8% 2.6% 2.6% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 RoCE (%) Net Debt/Equity (x) 0.57 14.9% 0.51 0.51 12.7% 0.47 8.3% 8.5% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Preferential issue of 1,75,000 equity shares during Q4 FY19 RoA = Net Profit/Tota
Slide 29: Way Ahead
Way Ahead
Slide 30: Way Ahead....
Way Ahead.... Geographical Diversification 01 ▪ Expand in Geographically strategic locations of India ▪ Continue to focus on export opportunities and increase export contribution in revenues New Product Development 02 ▪ Continued focus to keep adding new products in basket of products Export Opportu
Slide 31: Thank You
Thank You For further information, please contact: Pritika Auto Industries Limited. Bridge Investor Relations Pvt. Ltd. Ms. Nisha Saini Mr. Amit Sharma EA to MD amit@bridge-ir.com nisha@pritikagroup.com Mr. Rahul Trivedi rahul@bridge-ir.com www.pritikagroup.com www.bridge-ir.com 31
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