Wendt India Limited · NSE:WENDT
Wendt India — Investor Presentation (March 2025)
32 slides from Wendt India's investor presentation, Mar 3, 2025
Slide 1: Exchange cover letter on investor presentation
WENDT (INDIA) LIMITED No. 69/70, Sipcot, Hosur 635 126, Tamilnadu, INDIA CIN : L85110KA1980PLC003913 Telephone: + 91 4344.405500 Telefax : + 91 4344 405620 / 405630 E-mail : wil@wendtindia.com Web : www.wendtindia.com 3rd March 2025 BSE Limited 25th Floor, Phiroze Jeejeebhoy Towers Dalal Street, For
Slide 2: Wendt (India) Limited Investor Presentation
Wendt (India) Limited Investor Presentation February 2025
Slide 3: Disclaimer
Disclaimer This presentation contains statements relating to future business developments and economic performance that could constitute 'forward looking statement'. While these forward-looking statements represent the Company's judgments and future expectations, several factors could cause actual d
Slide 4: Table of Contents
Table of Contents Financial Transaction Update Company Overview Business Segments Performance & Others 01 02 03 04 3 RESTRICTED
Slide 5: 1. Company Overview
1. Company Overview
Slide 6: Market leader in super abrasives and grinding solution provider
Wendt (India) Limited (WIL) is a market leader in super abrasives and a reliable grinding solution provider with a track record of over four decades Provides grinding solutions & high-end manufacturing services to various high-tech industries 1980 ₹ 22,482 lakhs 24.7% Year of FY24 Net Revenue FY24 E
Slide 7: WIL - Long operating track record
WIL - Long operating track record FY80 FY83 FY91 FY05 FY06 FY08 FY10 FY16 Incorporated as a Listed on BSE Cumi Murugappa Set up 100% Listed on NSE EP1 facility Wendt GmbH's Acquired the JV between acquired the subsidiary in upgradation. parent firm Diamond Dresser Wendt GmbH Khatau’s stake in Thaila
Slide 8: WIL's fundamental strengths and solutions
WIL’s fundamental strengths and solutions Our manufacturing program One of the market leaders well poised to 1 2 3 leverage growth from industry tailwinds From tools… …to machines… …to components Comprehensive product range State-of-the-art manufacturing process High level of customization Sound fin
Slide 9: The India opportunity - Well poised for long term growth
The India opportunity - Well poised for long term growth Strong economic outlook Strong policy outlook Other favorable trends 5th largest economy, with a GDP of Growing middle class (3x2 households USD3.7tn Make in India and Atmanirbhar Bharat with >USD30k annual income by 2030) Among the fastest gr
Slide 10: Global super abrasive market expected to grow at ~9% CAGR
Global super abrasive market expected to grow at ~9% CAGR and reach USD14bn Global super abrasives market outlook Growing demand for high end technology and their benefits USDbn Conventional abrasives are being substituted by super abrasives for difficult 14.0 to grind materials CAGR: 9% Global supe
Slide 11: Well diversified product offering with market leadership in Super Abrasives
Well diversified product offering with market leadership in Super Abrasives segment 1 2 3 Super Abrasives Machines and Accessories Precision Products (59% of total FY24 Net revenue1) (21% of total FY24 Net revenue1) (12% of total FY24 Net revenue1) Wide range of Diamond & CBN2 products for Precision
Slide 12: Established end markets
Supporting a diversified set of end-markets including high growth sectors SA1 MTD2 PP3 End market industry Electro- Vitrified Dressing Precision Resin Bond Metal Bond Hones Segments D&ST4 PCD5/PCBN6 Brazed Bond Machines plated Bond Rolls Products Automotive Cutting tools Established end markets Engi
Slide 13: State-of-the-art manufacturing facilities and global distributor network
State-of-the-art manufacturing facilities and global distributor network Manufacturing facilities Global footprint 30.2% FY24 Revenue1 69.8% Domestic Exports 16.38 acres 490+ Hosur, India of area team strength New block for New block for TQM Shrine purchase stores Capacity utilization at Hosur plant
Slide 14: R&D competencies and latest initiatives
R&D competencies and latest initiatives to capture the future growth trend Total R&D investments (₹ lakhs) R&D projects in progress for Super Abrasives segment % of sales 0.9% 2.2% 1.3% Automotive and others • Wheels for fettling application • Combi rolls 421 • Single pass honing tool for automotive
Slide 15: Select new product development on the back of strong R&D investments
Select new product development on the back of strong R&D investments Super Abrasives Machines Precision products Precision Creep Feed TC Ring Grinding Machine- Fiuting & Gashing Razor Blade Grinding Wheel Middle Plate Lower Bearing Grinder Procta-300 Delta 350 Profiling & Dressing Machine- Lower Cha
Slide 16: Strong governance is the key pillar
Strong governance is the key pillar Board of Directors Senior Management Mr. Bhagya Chandra Rao Mr. Ramkumar Mr. Sridharan Rangarajan Mr. Ninad Gadgil Mr. Mukesh Kumar Mr. Uday RB Chairman Lakshminarayanan Non-Executive Non- Executive Director Hamirwasia Sales & Marketing - Head Independent Director
Slide 17: ESG principles are at the core of our business operations
Environment, Social and Governance (ESG) principles are at the core of our business operations Environment Initiatives Social Initiatives Governance Initiatives CSR donation to government Skill development program Effluent Treatment Plant Zero Discharge school at Zuzuvadi for set up in 2012 with ICA
Slide 18: Awards and Certifications
Awards and Certifications validating WIL’s industry leading competency Management standard systems Awards ISO 9001 : 2015 ISO 14001 : 2015 ISO 45001 : 2018 EN13236 : 2019 ICMAI Award for Excellence in Cost management for FY21-22 EN9100 : 2018 IATF 16949 : 2016 ICAI Silver Award for Excellence in BRS
Slide 19: 2. Business Segments
2. Business Segments
Slide 20: Super Abrasive (1/2)
Super Abrasive (1/2) Overview Geographic split % Revenue (₹ in lakhs) ▪ Offers customized diamond / CBN1 grinding wheels in various bonding systems, rotary dressers, stationary dressers, hones and segmented products 13,599 13,315 17% 11,255 10,699 ▪ Recorded sales of ₹ 13,315 lakhs in FY24 2% 2% ▪ I
Slide 21: Super Abrasive (2/2)
Super Abrasive (2/2) Product range Resin Bond Metal Bond Hybrid wheels Vitrified & Galvanic Bond Rotary Diamond Dresser Fine Grinding wheels Brazed products Diamond segments & pellets 20 RESTRICTED
Slide 22: Machines and Accessories (1/2)
Machines and Accessories (1/2) Overview Geographic split % Revenue (₹ in lakhs) ▪ Offers CNC1 Horizontal & Vertical Honing Machines, Cylindrical 3% 1% 1% 2% 4,732 Grinders, Creep Feed Grinding, Rotary Surface Grinding - Horizontal & Vertical 3% 2,454 2,776 ▪ Majority of the machines are sold to stee
Slide 23: Machines (2/2)
Machines (2/2) Product range Tool and cutter griding Wheel dressing & profiling Surface grinding Cylindrical grinding machine machines CNC profiling dressing Double side fine grinding TC Roll & Guide Roll machines machine Grinding machine Note: 1) CNC: Computerized Numerical Control 22 2) TC: Tungst
Slide 24: Precision Products (1/2)
Precision Products (1/2) Overview Geographic split % Revenue (₹ in lakhs) ▪ Existing product offering includes vanes, distance piece, TP blade1, inserts 6% 2,863 ▪ Expanding into new products like silicon nitride roller, rotors 2,307 2,733 and rings etc. and started regular billing 1,946 FY24 ▪ Reco
Slide 25: Precision products (2/2)
Precision products (2/2) Product range Vanes Distance piece CB 18 sub assembly pump Grinding of inserts and Ceramics Transfer blades Shoe cam roller 24 RESTRICTED
Slide 26: 3. Financial Performance
3. Financial Performance \/
Slide 27: Consolidated Financials Performance (1/2)
Consolidated Financials Performance (1/2) Total Income1 (₹ in lakhs) Net Revenue (₹ in lakhs) 22,482 23,395 20,761 21,523 17,724 18,268 15,620 16,477 FY22 FY23 FY24 9M'FY25 FY22 FY23 FY24 9M'FY25 Operating EBITDA2 (₹ in lakhs) PAT (₹ in lakhs) 15.3% 19.3% 18.2% 17.0% 23.5% 27.0% 24.7% 21.9% 4,009 4,
Slide 28: Consolidated Financials Performance (2/2)
Consolidated Financials Performance (2/2) Earnings Per Share (₹ share) Dividend per share (₹ share) 200.5 204.8 Dividend %3 650% 800% 500% 300% 80.0 135.3 132.9 65.0 50.0 30.0 FY22 FY23 FY24 9M'FY25 FY22 FY23 FY24 9M'FY25 Net Working Capital Days1 ROCE2 and ROE2 27.9% 25.4% 22.6% 22.9% 20.4% 93 78 7
Slide 29: 4. Transaction update & Others
4. Transaction update & Others
Slide 30: Transaction background and update
Transaction background and update JV between Wendt GmbH Wendt GmbH’s stake sale Post stake sale scenario (3M’s subsidiary) and CUMI December 2010 January 2025 Post transaction Wendt GmbH (3M) will cease to 3M acquired 98.5% stake in Wendt GmbH intimated WIL of its be a JV partner with CUMI if the Wi
Slide 31: Significant value creation since WIL's inception for its shareholders
Significant value creation since WIL’s inception for its shareholders Total shareholder return Purchase price Total shareholder Bonus shares Dividend paid Current price return1 (In times) at inception 1981 1996-97 Since inception As of 29th January 2025 As of 29th January 2025 Shareholder investment
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