V-guard Industries Limited · NSE:VGUARD
V-guard Industries — Q2 FY22 Earnings Presentation
18 slides from V-guard Industries's earnings presentation, Oct 28, 2021
Slide 1: Stock exchange submission cover letter
October 28, 2021 The Manager The Manager Listing Department, Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited, Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, Mumbai- 400 001 G Block, Bandra-Kurla Complex, Bandra- East, Mumbai- 400 051 Ref:-
Slide 2: V-Guard Industries Q2 FY22 Earnings Presentation
V-Guard Industries Q2 FY22 Earnings Presentation
Slide 3: Disclaimer
Disclaimer 2 Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 4: Table of Contents
Table of Contents 3 MD’s Message 04 Key Highlights 05 Financial Highlights 6-9 Segment-wise/Geographical Breakup of Revenues 10-12 Annexure 13-15
Slide 5: Managing Director's Message
4 Managing Director’s Commenting on the performance for Q2 FY22, Mr. Mithun Chittilappilly, Managing Director – Message V-Guard Industries Limited said, “During the second quarter, we have executed well to pick up further on the growth momentum seen in Q1 to post the highest ever quarterly turnover.
Slide 6: Key Highlights – Q2 FY22
Key Highlights – Q2 FY22 5 Revenue increased by • Q2 FY22 revenue increased by 46.4% YoY to Rs. 902.9 crore as markets recovered from the covid impact in Q1 46.4% YoY in Q2 • South and Non-South markets witnessed YoY growth of 44.9% and 48.8%, respectively FY22 • Non-South markets contributed to 39.
Slide 7: P&L Snapshot
P&L Snapshot 6 P&L Statement Q2 FY22 Q2 FY21 Change Q1 FY22 H1 FY22 H1 FY21 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue 902.96 616.66 46.4% 560.72 1,463.69 1,022.49 43.1% COGS 623.65 421.96 47.8% 375.57 999.22 709.22 40.9% Gross Margin 30.9% 31.6% -0.6% 33.0% 31.7
Slide 8: Financial Highlights (Q2 FY22 vs. Q2 FY21)
Financial Highlights (Q2 FY22 vs. Q2 FY21) 7 Total Income (Rs. crore) Gross Profit 903 279 617 195 Key ratios (%) Q2 FY22 Q2 FY21 Gross Margin 30.9% 31.6% 46.4% 43.5% EBITDA Margin (excl. other income) 10.4% 12.0% Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY22 Net Margin 6.5% 8.1% Ad & Promotion Exp. (excl. scheme
Slide 9: Financial Highlights (H1 FY22 vs H1 FY21)
Financial Highlights (H1 FY22 vs H1 FY21) 8 Total Income (Rs. crore) Gross Profit 1,464 465 1023 313 Key ratios (%) H1 FY22 H1 FY21 Gross Margin 31.7% 30.6% 43.1% 48.3% EBITDA Margin (excl other income) 9.4% 8.1% H1 FY21 H1 FY22 H1 FY21 H1 FY22 Net Margin 5.7% 5.2% Ad & Promotion Exp. (excl. schemes
Slide 10: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective 9 Balance Sheet Snapshot (Rs. Cr) 30 September 2021 30 June 2021 30 September 2020 Net Worth 1249.0 1,236.1 1050.2 Gross Debt 10 10 10.0 Current Investments 5.02 0.0 0.0 Cash & Cash Equivalents (inc. bank balance) 189.9 164.0 462.7 Net Cash Position (
Slide 11: Segment-wise Breakup – Q2 FY22 vs. Q2 FY21
Segment-wise Breakup – Q2 FY22 vs. Q2 FY21 10 Q2 FY22 Q2 FY21 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 209.2 23.2% 171.0 27.7% 22.3% Electricals 414.4 45.9% 282.3 45.8% 46.8% Consumer Durables 279.4 30.9% 163.4 26.5% 71.0% Grand Total 903.0 100.0
Slide 12: Segment-wise Breakup – H1 FY22 vs H1 FY21
Segment-wise Breakup – H1 FY22 vs H1 FY21 11 H1 FY22 H1 FY21 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 368.1 25.2% 308.7 30.2% 19.3% Electricals 666.4 45.5% 465.0 45.5% 43.3% Consumer Durables 429.1 29.3% 248.9 24.3% 72.4% Grand Total 1,463.7 100.
Slide 13: Geographical Breakup of Revenues
Geographical Breakup of Revenues 12 Q2 FY22 Q2 FY21 YoY growth Region Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) South 547.3 60.6% 377.6 61.2% 44.9% Non-South 355.6 39.4% 239.0 38.8% 48.8% Total Revenue 903.0 100% 616.7 100% 46.4% H1 FY22 H1 FY21 YoY growth Region Contribution (%) Contr
Slide 14: Annexure
V-GUARD Annexure
Slide 15: Market Overview of V-Guard's Product Portfolio
Market Overview of V-Guard’s Product Portfolio 14 Total Market Size Indicative Org. Industry Growth VG Share in Electronics Product Key Players (Rs. Crs.) Market Size (%) Rate (%) Org. Market (%) Microtek, Livguard, Stabilizers 1,700-1,800 55-60% 7-8% 42-45% Bluebird Luminous, Microtek, DUPS & Batte
Slide 16: Market Overview of V-Guard's Product Portfolio
Market Overview of V-Guard’s Product Portfolio 15 Total Market Size Indicative Org. Industry Growth VG Share in Appliances Product Key Players (Rs. Crs.) Market Size (%) Rate (%) Org. Market (%) Water Heaters 2,500-2,600 65-70% 10-12% 14-16% Havells, Bajaj, Crompton, Racold Crompton, Usha, Havells,
Slide 17: About V-Guard Industries
About V-Guard Industries 16 V-Guard Industries Limited (BSE:532953, NSE: VGUARD) is a Kochi based company, founded in 1977 by Kochouseph Chittilapilly to manufacture and market Voltage stabilizers. The Company has since then established a strong brand name and aggressively diversified to become a mu
Slide 18: Thank You
THANK YOU