Pritika Auto Industries Ltd · NSE:PRITIKAUTO
Pritika Auto Industries — Q1 FY25 Earnings Presentation
37 slides from Pritika Auto Industries's earnings presentation, Aug 13, 2024
Slide 1: Cover letter to stock exchanges
PRITIKA AUTO INDUSTRIES LTD Regd. Office: Plot No. C-94, Phase VII, Industrial Focal Point, S.A.S. Nagar (MOHALI)–160 055 CIN : L45208PB1980PLC046738 Tel. : 0172-5008900, 5008901 13th August, 2024 The Manager The Secretary Listing Compliance Department Listing Compliance Department National Stock Ex
Slide 2: Result Update Presentation Q1 FY25
Pritika Auto Industries Limited Result Update Presentation Q1 FY25
Slide 3: Honoring the Legacy
Honoring the Legacy Late Raminder Singh Nibber Founder ▪ Strong Vison & Ethos laid down by our founder and first generation entrepreneur continues to guide the Company forward ▪ Mechanical Engineer started career with Escorts Limited for 10 years ▪ Awarded “UDYOG PATRA” for Self Made Industrialists
Slide 4: 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 5: Table of Contents
Table of Contents Company Overview Industry Overview Business Overview Financial Highlights Way Ahead 4
Slide 6: Company Overview
Company Overview
Slide 7: Company Snapshot
Company Snapshot Amongst India’s Top 5 Plants Strong 50+ years 75,000 tons Manufacturers of Strategically located Plants Pan India presence Promoter’s experience in Installed Machined Casted in North India the Industry Capacity Per Annum Components FY24 - Financial Metrics 36,772 tons ₹ 342.09 Crs ₹
Slide 8: Vision & Mission
Vision & Mission ▪ To be First choice among Original Equipment’s Manufacturers for Machined Castings ▪ To be One of the Largest Producers of Machined Castings in India Vision Mission ▪ Installed capacity of 1,00,000 tons of Machined Castings by Year 2025 7
Slide 9: Recent Demerger & Vesting
Recent Demerger & Vesting Pritika Industries Limited (the Demerged • Only into Machining –> Procuring castings from PAIL* Company) Demerger and vesting of the “Auto motive/Tractor/Engineering Components Business Undertaking” Pritika Auto Industries Limited ( the Resulting • Both into Castings & Mach
Slide 10: Company at a glance
Company at a glance Leading manufacturer of tractor components in India ▪ Incorporated in 1980 ▪ ~5 decades of experience in Castings ▪ Business of manufacturing & selling of tractors and other automotive parts, components & engineering goods Modern Manufacturing Facilities ▪ Punjab and Himachal Pra
Slide 11: Journey So Far
Journey So Far ▪ Started First ▪ Expanded integrated ▪ Expanded ▪ Expanded capacity by Foundry & capacity by capacity by 25,000 tons pa ▪ Addition of Machine Shop in ▪ Expansion 4,800 tons pa 4,800 tons pa ▪ Total installed new client Village Bathri of ▪ Total installed ▪ Total installed capacity –
Slide 12: Strong Management Team
Strong Management Team Mr. Harpreet Singh Nibber Chairman & Managing Director Mr. Narinder Kumar Tyagi Mr. Ajay Kumar Rai Mr. Navpreet S. Sujlana Director Finance & CFO Executive Director Senior General Manager- Sales & Marketing 11
Slide 13: Key Strengths
Key Strengths Over five decade old strong & established brand ▪ Among leading manufacturers of tractor components in India Reputed and established Management ▪ Dynamic Experienced Leadership ▪ Vast experience in Tractor and Auto Diversified Product offerings Components leads to maintain business ▪ M
Slide 14: Industry Overview
Industry Overview
Slide 15: Foundry / Casting Industry
Foundry / Casting Industry India Industry Overview Key Growth Drivers 2nd ~ 40% Automotive sector India ranks globally in casting production consumes country's castings 01 Vehicle Scrap Policy to greatly benefit foundry industry output ~ 5,000 Units Government's 20-25% increase in load capacity per
Slide 16: Tractor Industry Outlook
Tractor Industry Outlook Indian Foundry Industry size (USD bn ) Indian Agricultural Tractor market (USD bn) 17 3.13 2.37 12 2022 2028 F 2024 2029 F ▪ Long-term growth expected in Earth Moving & CV Industry ▪ Increased tractor demand due to good farming conditions, ▪ Government's increase in load cap
Slide 17: Business Overview
Business Overview
Slide 18: State of art manufacturing facilities
State of art manufacturing facilities ▪ State of the art manufacturing facilities situated in Derabassi, Hoshiapur and Mohali in Punjab and Tahliwal in Himachal Pradesh ▪ Pritika has installed capacity of 75,000 tons per year ▪ Fully integrated casting and machining operation in an environmentally f
Slide 19: Strategic Location
Strategic Location 1 Plant in Himachal Pradesh 2 Plant in Hoshiarpur 1 Plant in Mohali 1 Plant in Derabassi • With strategically located plants within close proximity to key OEMs, Pritika is the only major tractor components manufacturer in this region • ~60 % of India’s tractors manufactured in thi
Slide 20: Diversified Product Portfolio
Diversified Product Portfolio Rear Axle Housings Rear Axle Housings Differential Case Engine Clutch & Fly Plate Diff. Carriers Bull Cages Covers Wheel Housings Brake Housings, End Crank Case, Cylinder Wheel Hubs Blocks & Cam Shafts Front Engine/Axle Support Covers & Actuating Disc 19
Slide 21: Market Share of Major Products
Market Share of Major Products Axle Housings Brake Housings Differential Case 28% 20% 25% Market share Market share Market share 20
Slide 22: Key Customers
Key Customers me ean Smu Isuzu ©) Brakes India Private Limited swaRaj © ® ASHOK LEYLAND Case New Holland Mahindra ° SWaRal GD TAFE EICHER Mahindra rr es € ESCORTS 21
Slide 23: Awards & Recognition
Awards & Recognition AWARDS YEAR ORGANIZATION CII – SIDBI India Engineering Trade Best Quality 2001 Fair Centre for International Trade & Ind 2nd Best Display Award 2005 ustry at Made in Punjab Show Best Quality Performance 2010-11 Swaraj Ltd. Award For Casting Commodity 2012 Mahindra & Mahindra Bes
Slide 24: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights
Slide 25: CMDs Message
CMDs Message “I am happy to share that Q1FY25 marks a great beginning to the new financial year with impressive volumes on the back of recovering demand. The revenue of Rs. 88.80 crores is not comparable with same quarter of previous financial year as we merged the demerged manufacturing unit of Pri
Slide 26: Quarterly Financial Highlights – Q1 FY25
Quarterly Financial Highlights – Q1 FY25 Production Volume (tons) Revenue (Rs. Cr) 9,988 10,504 10,026 94.7 93.7 88.8 8,813 82.6 7,467 70.8 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 EBITDA (Rs. Cr) / Margin (%) 16 20% 14.4 14 12.0 12.2 11.6 11.4 16% 12 16.4% 16.
Slide 27: Yearly Financial Highlights
Yearly Financial Highlights Production Volumes (tons) Revenue (Rs. Cr) 362.0 342.1 39,116 36,772 31,206 32,353 271.2 225.7 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 60 20% 18 5.3% 4.9% 6% 15.34% 4.3% 50 15 5% 16% 11.47% 14.4 40 11.1% 12 15.7 4% 10
Slide 28: Quarterly Financial Highlights – Q1 FY25
Quarterly Financial Highlights – Q1 FY25 Consolidated ( Rs. Cr) Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Total Income from operations 88.80 94.72 82.58 Net Revenue for Q1FY25 not comparable 0.00 0.00 0.00 with Q1FY24 due to demerger of Other Operating revenue manufacturing unit from Pritika Industries Net Reve
Slide 29: Yearly Financial Highlights – FY24
Yearly Financial Highlights – FY24 Consolidated ( Rs. Cr) FY24 FY23 Y-o-Y Total Income from operations 342.09 362.03 Other Operating revenue 0.00 0.00 Net Revenue 342.09 362.03 -5.51% Raw Materials 183.25 233.09 Employee Cost 31.60 20.58 Other Cost 74.76 66.83 Total Expenditure 289.62 320.50 -9.64%
Slide 30: Balance Sheet as on 31st March 2024
Balance Sheet as on 31st March 2024 Rs. Cr As on 31st March ’24 As on 31st March ’23 Rs. Cr As on 31st March ’24 As on 31st March ‘23 Equity 224.42 169.70 Non-current Assets 238.64 145.08 Equity Share Capital 32.08 17.73 Property, Plant and Equipment 205.47 118.22 R&S 179.72 143.57 Capital work in p
Slide 31: Key Ratios
Key Ratios RoE (%) RoA (%) 4.4% 8.1% 9.1% 3.9% 3.4% 5.8% 5.1% 6.7% 2.6% 2.6% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 RoCE (%) Net Debt/Equity (x) 0.64 12.7% 11.7% 0.57 0.51 0.51 0.47 10.0% 8.3% 8.5% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 RoA = Net Profit/Total Assets \ Net D/E=
Slide 32: Other Metrics
Other Metrics Installed Capacity (tons) Growth of 50% Capacity build up in line with growth plans and being future ready 31
Slide 33: Pritika Engineering Components Limited (PECL)
Pritika Engineering Components Limited (PECL)
Slide 34: About Us
About Us Established Player in Castings Niche & Comprehensive Long standing core customer Well-Invested in Lost Foam Technology & Forgings for Tractor & Autom Product Portfolio to cater base consisting of leading to enhance the production & enhance otive OEM industry wider customers OEMs long-term g
Slide 35: Way Ahead
Way Ahead
Slide 36: Way Forward
Way Forward Geographical Diversification = Expand in Geographically strategic locations of India = Continue to focus on export opportunities and increase export contribution in revenues New Product Development = Continued focus to keep adding new products in basket of products = Develop Value Added
Slide 37: Thank You
THANK Pritika Auto Industries Limited. YOU Adfactors PR Ms. Nisha Saini Mr. Amit Sharma EA to MD amit.sharma@adfactorspr.com nisha@pritikagroup.com Mr. Rupesh Rege rupesh.rege@adfactorspr.com www.pritikagroup.com www.adfactorspr.com 36
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