Pritika Auto Industries Ltd · NSE:PRITIKAUTO
Pritika Auto Industries — Q3 FY24 Earnings Presentation
32 slides from Pritika Auto Industries's earnings presentation, Feb 13, 2024
Slide 1: Pritika Auto Industries Limited Result Update Presentation Q3 & 9M FY24
Pritika Auto Industries Limited Result Update Presentation Q3 & 9M FY24
Slide 2: 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 3: Executive Summary
Executive Summary Company Overview Financial Highlights (Q3 FY24) Pritika Auto Industries is among leading manufacturers of machined castings in India Company manufactures components for tractors and commercial vehicles Operating Revenue Total consolidated capacity of over 50,000 tons / annum,
Slide 4: Scheme of Arrangements
Scheme of Arrangements Pritika Industries • 100% owned by Promotor Family (unlisted ltd. Company) Limited (the Demerged Company) • Only into Machining –> Procuring castings from PAIL* Demerger and vesting of the “Automotive/Tractor/Engineering Components Business Undertaking” Pritika Auto Industries
Slide 5: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights
Slide 6: Chairman’s Message
Chairman’s Message “In the face of persistent challenges impacting the tractor market in terms of industry-wide production volumes, Pritika Auto Industries Ltd. has demonstrated resilience and strategic foresight in navigating the market dynamics. Our commitment to operational excellence and adaptab
Slide 7: Quarterly Financial Highlights – Q3 FY24
Quarterly Financial Highlights – Q3 FY24 Production Volume (TPA) Revenue (Rs. Cr) 9,988 10,504 94.7 93.7 9,929 88.2 77.8 7,558 7,467 70.8 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 EBITDA (Rs. Cr) / Margin (%) 14 20% 12.0 12.2 12 8.4 11.6 16% 10 8.9 16.4% 8 12% 1
Slide 8: Nine Months Financial Highlights – 9M FY24
Nine Months Financial Highlights – 9M FY24 Production Volumes (Tons) Revenue (Rs. Cr) 362.0 39,116 31,206 32,353 271.2 259.5 27,959 225.7 FY21 FY22 FY23 9M FY24 FY21 FY22 FY23 9M FY24 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 45 16% 20% 5.5% 18 5.3% 6% 40 41.1 16% 15 4.3% 5% 35 30 11.1%
Slide 9: Quarterly Financial Highlights – Q3 FY24
Quarterly Financial Highlights – Q3 FY24 Consolidated ( Rs. Cr) Q3 FY24 Q3 FY23 Y-o-Y Q2 FY24 Total Income from operations 70.83 77.82 93.70 Other Operating revenue 0.00 0.00 0.00 Net Revenue 70.83 77.82 (8.98%) 93.70 Raw Materials 36.40 50.16 58.08 Employee Cost 7.30 4.99 5.81 Other Cost 15.52 14.2
Slide 10: Nine Months Financial Highlights – 9M FY24
Nine Months Financial Highlights – 9M FY24 Consolidated (Rs. Cr ) 9M FY24 9M FY23 YoY% Total Income from operations 259.51 273.87 Other Operating Income 0.00 0.00 Net Revenue 259.51 273.87 (5.24%) Raw Materials 140.30 176.69 Employee Cost 22.91 15.20 Other Cost 55.22 49.36 Total Expenditure 218.43 2
Slide 11: Balance Sheet as on 30th September 2023
Balance Sheet as on 30th September 2023 Rs. Cr As on 30th Sep ‘23 As on 31st March ‘23 Rs. Cr As on 30th Sep 23 As on 31st March ‘23 Equity 180.06 169.70 Non-current Assets 162.36 145.08 Equity Share Capital 17.73 17.73 Property, Plant and Equipment 120.57 118.22 R&S 151.05 143.57 Capital work in pr
Slide 12: Key Ratios
Key Ratios RoE (%) RoA (%) 4.4% 8.1% 9.14% 3.9% 5.8% 5.1% 2.6% 2.6% FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 RoCE (%) Net Debt/Equity (x) 0.57 12.7% 0.51 0.51 0.47 11.70% 8.3% 8.5% FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Preferential issue of 1,60,000 equity shares during Q4 FY19 RoA = Net Profit/Tot
Slide 13: Company Overview
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Slide 14: About Us
About Us Leading manufacturer of tractor components in India About five decades of experience in Tractor/Auto Component manufacturing Diversified Portfolio Modern Manufacturing Facilities Axle Housings, Wheel Housings, Punjab and Himachal Pradesh Hydraulic Lift Housings, End Cover, Total ins
Slide 15: Vision and Mission of Company
Vision and Mission of Company To be First choice among Original Vision Equipment’s Manufacturers for Machined Castings To be One of the Largest Producers of Machined Castings in India Installed capacity of 1,00,000 tons of Machined Castings by Year 2025 Missions 15
Slide 16: Journey So Far…
Journey So Far… 2019-24 2012-15 Won 1,200 tons pa order for low HP tractor 2007 components 1973-75 Started First integrated 2012- Expansion of Received 2,400 tons pa order of rear axle Foundry & Machine capacity by 4,800 tons Started by Mr. R. S. housings Nibber in 1973 as 1999 Shop in Vil
Slide 17: Leadership Team to drive Growth...
Leadership Team to drive Growth... Raminder Singh Nibber Harpreet Singh Nibber Chairman Managing Director Mechanical Engineer started career with Mechanical Engineer worked for more than 2 Escorts Limited for 10 years years in reputed tractor manufacturing Awarded “UDYOG PATRA” for Self Made C
Slide 18: ... Backed by Professional Management
... Backed by Professional Management Mr. Narinder Kumar Tyagi Sri Ajay Kumar Rai Sri Navpreet S. Sujlana Chief Financial Officer Executive Director Deputy General Manager- Sales & Marketing Chartered Accountant Graduate in Mechanical Engineering Graduated in Mechanical with more than 25 years
Slide 19: Business Overview
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Slide 20: Diverse Product Offerings
Diverse Product Offerings Rear Axle Housings 20
Slide 21: Diverse Product Offerings
Diverse Product Offerings Hydraulic Lift Covers/ Housing Differential Case Clutch & Fly Wheel Engine Covers Plate Diff. Carriers Bull Cages Housings 21
Slide 22: Diverse Product Offerings
Diverse Product Offerings Wheel Hubs Front Engine/Axle Support Crank Case, Cylinder Blocks & Cam Shafts Brake Housings, End Covers & Actuating Disc 22
Slide 23: Market Share – Major Products
Market Share – Major Products Axle Housings Differential Case 28% Market share 25% Market share Brake Housings Source : Company 20% Market share 23
Slide 24: Wide Application of Products
Wide Application of Products 24
Slide 25: Key Customers
Key Customers PRITIKA Group of Industries Casting | Forging | Machining smu ISUeU ‘S) Brakes & Limited swaRalJ Weecesticd’D etfs © TAFE ¥ SWaRaJ ASHOK LEYLAND Boe EICHER Mahindra © ESCORTS ga
Slide 26: Key Strengths
Key Strengths Over five decade old strong & established brand Among leading manufacturers of tractor components in India Diversified Product offerings Reputed and established Manufactures diverse range of Management products Dynamic Experienced Leadership Continual expansion of product Vas
Slide 27: Awards & Recognitions
Awards & Recognitions AWARDS YEAR ORGANIZATION CII – SIDBI India Engineering Trade Best Quality 2001 Fair Centre for International Trade & 2nd Best Display Award 2005 Industry at Made in Punjab Show Best Quality Performance 2010-11 Swaraj Ltd. Award For Casting Commodity 2012 Mahindra & Mahindra Bes
Slide 28: Way Ahead
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Slide 29: Way Ahead....
Way Ahead.... Geographical Diversification 01 Expand in Geographically strategic locations of India Continue to focus on export opportunities and increase export contribution in revenues New Product Development 02 Continued focus to keep adding new products in basket of products Develop Valu
Slide 30: Pritika Engineering Components Ltd
Pritika Engineering Components Ltd Pritika Auto Industries Limited Established Player in Castings & Forgings for Tractor & Automotive OEM industry Pritika Engineering Components Limited Niche & Comprehensive Product Portfolio 70% of Pritika Engineering Components Limited is held by to cater wider
Slide 31: Pritika Engineering Components Ltd
Pritika Engineering Components Ltd Pritika Engineering’s Product Portfolio Engine Axle Supports Covers Rear Axle Housings Front Engine Supports Crank Wheel Case Hubs Clutch housing & Fly Wheel Plate Differential Carrier housing 31
Slide 32: Thank You
Thank You For further information, please contact: Pritika Auto Industries Limited. 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 32
Pritika Auto Industries — Q3 FY24 Earnings Presentation on 6ix