Grindwell Norton Limited · NSE:GRINDWELL
Grindwell Norton — Investor Presentation (May 2019)
21 slides from Grindwell Norton's investor presentation, May 31, 2019
Slide 1: Grindwell Norton Ltd. Investor Meet
Grindwell Norton Ltd. Investor Meet 31st May 2019
Slide 2: Key Indicators and Trends
GNO-Key Indicators Key Indicators and Trends and Trends 2
Slide 3: Key Financial Indicators
KEY FINANCIAL INDICATORS (Rs. Crores) Key Financials (as published) FY 18-19 FY 17-18 Growth % Revenue from Operations 1598 1454 9.9% Operating Profit (PBIT) 262 229 14.4% Profit Before Tax 260 228 14.2% Net Profit for the period 169 151 11.7% Revenue from Operations (net of Excise Duty) 1598 1431 1
Slide 4: Revenue from Operations bridge
Revenue from Operations bridge Apr-Mar 18* Apr-Mar 19 Rs. 1431 Rs. 1598 Increase Rs.167 crores (+11.7%) (Rs. Crores) PCR 29.3% PPL 14.5% Abrasives 9.2% 5.9% 5.3% 0.6% *FY 2017-18 numbers are net of excise duty
Slide 5: Revenue from Operations bridge
Revenue from Operations bridge FY 2016-17* FY 2017-18* FY 2018-19 Rs. 1263 Rs. 1431 Rs. 1598 (+13.3%) (+11.7%) (Rs. Crores) Abrasives ~ 4% *FY 2016-17 and FY 2017-18 numbers are net of Excise duty 5
Slide 6: Revenue from Operations bridge
Revenue from Operations bridge Apr- Mar 18* Apr- Mar 19 Rs. 1431 Rs. 1598 Increase Rs.167 crores (+11.7%) (Rs. Crores) 4.5% 1.3% 4.4% 1.0% 0.5% *FY 2017-18 numbers are net of Excise duty
Slide 7: Revenue from Operations bridge
Revenue from Operations bridge FY 2016-17* FY 2017-18* FY 2018-19 Rs. 1263 Rs. 1431 Rs. 1598 (+13.3%) (+11.7%) (Rs. Crores) Abrasives ~ 4% 7*FY 2016-17 and FY 2017-18 numbers are net of Excise duty
Slide 8: Abrasives - Revenue from Operations bridge
Abrasives - Revenue from Operations bridge FY 2017-18* FY 2018-19 Rs. 893 Increase Rs. 82 crores ( +9.2%) Rs. 975 (Rs. Crores) Abrasives ~ 4% *FY 2017-18 number is net of Excise duty 8
Slide 9: GNO: Domestic & Export Sales of Products
GNO: DOMESTIC & EXPORT SALES OF PRODUCTS (NET OF EXCISE UPTO FY 2017-18) (Rs. Crores) 1,479 1,510 GNO Total Sales CAGR: GNO (Total) Domestic 2005 to 2018-19 : 12.6% 1333 1,260 Exports 1186 1,300 1084 1088 1,184 1,010 915 923 884 1,062 781 946 957 760 820 813 790 562 CAGR (2005 to 2018-19): 502 710 5
Slide 10: GNO, Abrasives, C&P Sales of Products
GNO, ABRASIVES, C&P SALES OF PRODUCTS (NET OF EXCISE UPTO FY 2017-18) (Rs. Crores) 1,500 (Rs. Crores) GNO Total Sales CAGR: 1479 GNO (Total) 2005 to 2018-19 : 12.6% 1333 Abrasives 1186 1,200 C&P 1084 1088 915 923 CAGR 2005 to 2018-19 : 884 900 968 - Abrasives : 11.5% 781 887 - C&P : 16.4% 827 562 73
Slide 11: Key Financial Indicators
KEY FINANCIAL INDICATORS (Rs. Crores) Key Financials (as published) FY 18-19 FY 17-18 Growth % Revenue from Operations 1598 1454 9.9% Operating Profit (PBIT) 262 229 14.4% Profit Before Tax 260 228 14.2% Net Profit for the period 169 151 11.7% Revenue from Operations (net of Excise Duty) 1598 1431 1
Slide 12: Operating Profit bridge
Operating Profit bridge Apr-Mar 18 Apr-Mar 19 Rs. 229 Rs. 262 Increase Rs. 33 crores (+14.4%) (Rs. Crores)
Slide 13: Operating Profit bridge
Operating Profit bridge FY 2016-17 FY 2017-18 FY 2018-19 Rs.182 Rs. 229 Rs.262 (+25.8%) (+14.4%) (Rs. Crores) Abrasives ~ 4% 13
Slide 14: Operating Profit bridge
Operating Profit bridge Apr-Mar 18 Apr-Mar 19 Rs. 229 Rs. 262 Increase Rs. 33 crores (+14.4%) (Rs. Crores) RM Rate (24) Exchange impact (24) Energy (10)
Slide 15: Operating Profit bridge
Operating Profit bridge FY 2016-17 FY 2017-18 FY 2018-19 Rs.182 Rs. 229 Rs.262 (+25.8%) (+14.4%) (Rs. Crores) Abrasives ~ 4% 15
Slide 16: GNO, Abrasives, C&P – Operating Profit (PBIT)
GNO, ABRASIVES, C&P – OPERATING PROFIT (PBIT) (Rs. Crores) GNO (Total) Abrasives C &P 262 245 GNO Op. Profit CAGR: 229 2005 to 2018-19 : 13.0% 195 182 CAGR 2005 to 2018-19: - 164 Abr. : 11.1% 157 149 145 C&P : 14.4% 134 126 139 126 125 112 98 97 100 101 88 88 95 83 80 78 75 69 59 61 60 54 52 49 47 4
Slide 17: GNO Profits – Operating Profit (PBIT) & PAT
GNO PROFITS – OPERATING PROFIT(PBIT) & PAT 300 (Rs. Crores) GNO Op. Profit CAGR: GNO PAT CAGR - 2005 to 2018-19: 13.0% 262 2005 to 2018-19: 12.8% 250 229 200 PBI T PAT 182 157 164 149 150 139 126 125 169 98 151 100 83 80 121 69 106 54 104 97 103 50 86 84 57 55 64 46 0 35 2006 2005 2007 2008 15/16* 0
Slide 18: GNO Profitability – ROCE & OP Margin
GNO PROFITABILITY – ROCE & OP MARGIN (%) ROCE Operating Margin 40 20 18.7 ROCE% 18.7 OP Margin 35 18 17.1 16.2 16.4 16.0 15.7 30 16 30.7 29.2 14.5 14.4 29.2 15.1 13.5 13.9 25 26.8 14 24.9 23.9 23.9 23.6 22.8 20 20.9 12 20.1 19.5 15 10 2007 2008 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 1
Slide 19: GNO: Capex in Rs. Crores & as % Sales
GNO: CAPEX IN RS. CRORES & AS % SALES 130 12 Capex % 107 97 Capex value 110 12.1 10 10.6 90 9.7 Crores Capex in Rs. 8 59 62 70 Capex % 6 7.3 47 43 41 50 37 4.6 36 3.7 4 25 29 4.6 30 3.8 4.2 33 3.3 3.5 2 2.7 10 0 (10) 2007 2008 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 Source: Inter
Slide 20: GNO – Dividend per Share & Dividend Payout
GNO – DIVIDEND PER SHARE & DIVIDEND (+ DDT) PAYOUT (%) 8.0 51% 48% 50% 47% 45% 43% 45% 43% 43% 45% 7.0 42% 43% 39% 40% 40% 40% 38% 6.0 6.00 5.0 30% 5.00 4.0 4.00 20% 4.00 3.25 3.25 3.25 3.0 3.00 3.00 3.25 3.25 2.0 10% 2.00 Dividend (+DDT) Payout (%) 1.75 1.0 1.25 1.40 Dividend Per Share (Rs.)** 0% 0
Slide 21: Thank You
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