Tirupati Forge Ltd. · NSE:TIRUPATIFL
Tirupati Forge — Investor Presentation (September 2023)
28 slides from Tirupati Forge's investor presentation, Sep 28, 2023
Slide 1: Investor Presentation
Forge Limited 2023 Investor Presentation w w w. t i r u p a t i fo rg e . c o m
Slide 2: Table of Contents
Table of Contents Company Overview Industrial Overview Business Overview Financial Highlights Competitive Strength
Slide 3: Company Overview
Company Overview 01
Slide 4: Who we are?
Forge Limited Incorporated in year 2012. Who we are ? Company holds Quality certificate namely IATF 16949:2016, ISO 9001:2015, PED AD 2000 & Canadian Registration for all provinces of Canada. Our company is engaged in manufacturing and exporting of forged and machined components like Auto Comp
Slide 5: Milestones Key Event
Milestones Key Event 2022 Company has 2017 made tie-up for supply Fittings components Initial Public Offer & with one of 2016 Listing at NSE leading USA Emerge Platform in Customer. October 2017 Received Certificate 2013 from TUV Nord for Received Award for Management Export Excellence System in acc
Slide 6: Meet Our Promoters
Meet Our Promoters Mr. Hitesh G. Thumar Mr. Bhavesh Barasia Chairman & Managing Director Whole-time Director Age 43 Years Age 41 Years Business Promotion & Development Business Development, possesses is a dynamic entrepreneur with rich 14 years of experience; leads industry experience; spearheads da
Slide 7: Board of Directors & Key Management Team
Board of Directors & Key Management Team Hitesh Thumar Bhavesh Barasia Darshna Thumar Chairman & Whole Time Director Non Executive Director Managing Director Sachin Ravani Jagruti Erda Atul Natu Independent Independent Chief Financial Officer Director Director CS Vivek Moliya R. D. Chaudhari Mayur J
Slide 8: Industrial Overview
Industrial Overview 06
Slide 9: Market Overview
Market Overview Global Forging Industry size of $375 Billion. 65% of the demand come from Auto Components At least 20% global forged products produced from India Current exports from India are in range of $3 Billion. 7
Slide 10: Growth Drivers
Consumption led capital expenditure indicates strong demand in : Growth Automobiles and Auto Components Fire and Safety Products Drivers Oil and Gas. Mining and Minerals Railway and Defense Sector Industrial Machinery Demand Outlook strong on both Global & Domestic Market Global Market Indian
Slide 11: India Supply Trends
India Supply Indian Forging Industries currently very fragmented Trends Opportunity for large well managed units to capture market share. Manpower – Cheaper and abundance Outsourcing opportunity to continue Superior Management key to sustain profitability Lower Cost base Outsourcing opport
Slide 12: Business Overview
Business Overview 10
Slide 13: Our Products
Includes End User Our Closed Die Forged Products Products Auto Components, Bearings, Automobile, Railways, Gears, Rings, Shafts etc. Agriculture, General Industries etc. Hydraulic Extrusion Spindle, Hollow Jobs, Axle, Automobile, Defense & OEM., Stub End, Long weld neck, etc. etc. Forged Flanges & F
Slide 14: Manufacturing Capacity
Manufacturing Capacity Forging Ring Rolling Hydraulic Hammer with Extrusion Induction Press Machine Paint Packing Shop Shop & Logistics 12
Slide 15: Certificate
Certificate Forge Limited 13
Slide 16: Key Clients
Key Clients Mahindra Gears & Transmission Pvt. Ltd. 14
Slide 17: Financial Highlights
Financial Highlights 15
Slide 18: Balance Sheet
Balance Sheet Rs. in Lacs Particulars FY 23 FY 22 FY 21 Share Capital 1960.00 1960.00 1120.00 Reserves & Surplus 1663.84 720.98 956.24 Net worth 3623.84 2680.98 2076.24 Share Application Money 0 0 0 pending Allotment Long term borrowing 230.26 420.69 300.08 Deferred Tax (Net) -- -- 13.95 Long-term p
Slide 19: Profit & Loss A/c
Profit & Loss A/c Rs. in Lacs Particulars FY 23 FY 22 FY 21 Total Revenue 9383.87 8930.32 3097.27 Total Expenses 8121.16 8095.11 3042.87 EBITDA 1628.89 1165.72 287.63 Depreciation 270.77 242.91 196.28 Finance Cost 107.27 87.60 37.30 PBT 1262.71 835.21 54.40 Tax 334.22 228.89 13.70 PAT 942.86 622.31
Slide 20: Financial Ratio
Financial Ratio PAT EBIDTA 1000.00 942.86 2000 1628.89 800.00 1500 622.31 1165.72 600.00 1000 400.00 200.00 500 287.63 39.38 0.00 0 2021 2022 2023 2021 2022 2023 ROCE RONW 30.00 35 24.95 31.67 29.91 25.00 30 21.42 20.00 25 20 15.00 15 10.00 10 5.00 2.99 5 2.37 0.00 0 2021 2022 2023 2021 2022 2023 18
Slide 21: Investment Highlight
Investment Highlight Objective : Align Investments with vision to generate returns Investor’s Wish List Tirupati Forge FY - 23 revenue of INR 9383.87 Lacs High Growth with Profitability with PAT Margin of INR 942.86 Lacs Promoters having wide Solid Management Team experience in forging industry. Ful
Slide 22: Financial Ratio
Financial Ratio EBIDTA margin PAT increased Increased from 151.51 % 13.17% in FY22 from Rs.622.31 lacs to To 17.70% in FY23 Rs.942.86 Lacs in FY-23 EBIDTA grow Revenue of the improve company increased 139.73% 105.08 from Rs. 1165.72 % lacs to Rs.1628.89 from Rs. 8930.32 Lacs Lacs in FY 23 PBT growth
Slide 23: Key Strengths
Fully Integrated Forging Capacity Key Forging - Capacity -> 15000 TPA. Strengths Hydraulic Extrusion - Capacity -> 6000 TPA Ring Rolling Capacity -> 7200 TPA Machining - Capacity -> 7200 TPA. Location - HADAMTALA, RAJKOT Young Visionary & Dynamic Management 5 % Duty Exemption from used pow
Slide 24: Business Model
Fully Integrated Forging Company Business Model The integrated plant - from forging to machining under one roof. Combination of Hammer and Ring Rolling Technology, resulting saving in Raw Material. Wind Mills or Solar Plant to produce power @Rs. 6.00 per unit. Modification to add capacity. Sourcing
Slide 25: Past Expansions
Past Forge Limited Expansions w w w. t i r u p a t i fo rg e . c o m Over the year, Tirupati Forge continues to invest in state-of-the-part facilities harboring World-class capacities and capabilities. Our facility includes fully Automatic Forging and Machining Lines. The largest of its kind and amo
Slide 26: Benefits of Hydraulic Extrusion Press Line
BENEFITS OF HYDRAULIC EXTRUSION PRESS LINE Semi Automatic line which reduces manpower cost. Minimum wastage during process. Minor power requires. No major competitor in this field. Huge demand in OEM, Defense etc. High profit margin. 6000 Ton TPA production capacity. Suitable to produce various prod
Slide 27: 25
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Slide 28: Corporate Information
Corporate Information Forge Limited Registered Office & Factory Plot No. 1-5, Survey No. 92/1, +91 98250 93907 Near Shan Cement, N.H. 27, Overseas : export@tirupatiforge.com Hadamtala Industrial Area, Domestic : info@tirupatiforge.com Village: Hadamtala, Tal: Kotda Sangani www.tirupatiforge.com Rajk
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