V-guard Industries Limited · NSE:VGUARD
V-guard Industries — Q1 FY23 Earnings Presentation
16 slides from V-guard Industries's earnings presentation, Jul 27, 2022
Slide 1: Exchange filing cover letter for investor presentation
July 27, 2022 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:- Sc
Slide 2: V-Guard Industries Q1 FY23 Earnings Presentation
V-Guard Industries Q1 FY23 Earnings Presentation
Slide 3: Disclaimer
2 Disclaimer 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
3 Table of Contents MD’s Message 04 Key Highlights 05 Financial Highlights 06-08 Segment-wise/Geographical Breakup of Revenues 09-10 Annexure 11-13
Slide 5: Managing Director's Message
4 Managing Director’s Message Commenting on the performance for Q1 FY23, Mr. Mithun Chittilappilly, Managing Director – V- Guard Industries Limited said, “We are pleased to report a robust start to the fiscal year with consolidated net revenues of Rs. 1,018 crore in Q1, carrying forward the momentum
Slide 6: Key Highlights – Q1 FY23
Key Highlights – Q1 FY23 5 Revenue increased by • Q1 FY23 revenue increased by 80.1% YoY to Rs. 1,009.6 crore. 80% YoY in Q1 FY23 • South and Non-South markets witnessed YoY growth of 68.2% and 95.7%, respectively • Non-South markets contributed to 46.9% of total revenues in Q1 FY23 as compared to 4
Slide 7: P&L Snapshot
6 P&L Snapshot P&L Statement Q1 FY23 Q1 FY22 Change Q4 FY22 FY22 FY21 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue 1,009.64 560.72 80.1% 1,050.27 3,474.66 2,699.00 28.7% COGS 709.27 375.57 88.9% 748.37 2,413.95 1,848.73 30.6% Gross Margin 29.8% 33.0% -3.3% 28.7% 30
Slide 8: Financial Highlights (Q1 FY23 vs. Q1 FY22)
7 Financial Highlights (Q1 FY23 vs. Q1 FY22) Total Income (Rs. crore) Gross Profit 300 1,010 185 Key ratios (%) Q1 FY23 Q1 FY22 561 Gross Margin 29.8% 33.0% 80.1% 62.2% EBITDA Margin (excl. other income) 8.1% 7.7% Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Net Margin 5.4% 4.4% Ad & Promotion Exp./ Total Revenu
Slide 9: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective 8 Balance Sheet Snapshot (Rs. Cr) 30 June 2022 31 March 2022 30 June 2021 Net Worth 1,460.7 1,402.5 1,236.1 Gross Debt 10.0 10.0 10 Cash & Cash Equivalents (inc. bank balance) 113.1 53.9 164.0 Net Cash Position (Rs. crore) 173.2 43.9 154.0 Fixed Asset
Slide 10: Segment-wise Breakup – Q1 FY23 vs. Q1 FY22
9 Segment-wise Breakup – Q1 FY23 vs. Q1 FY22 Q1 FY23 Q1 FY22 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 303.4 30.0% 159.0 28.4% 90.8% Electricals 407.2 40.3% 252.0 44.9% 61.6% Consumer Durables 299.1 29.6% 149.7 26.7% 99.7% Grand Total 1009.6 100.0
Slide 11: Geographical Breakup of Revenues
10 Geographical Breakup of Revenues Q1 FY23 Q1 FY22 YoY growth Region Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) South 535.6 53.1% 318.4 56.8% 68.2% Non-South 474.0 46.9% 242.3 43.2% 95.7% Total Revenue 1,009.6 100% 560.7 100% 80.1%
Slide 12: Annexure
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Slide 13: Market Overview of V-Guard's Product Portfolio
12 Market Overview of V-Guard’s Product Portfolio 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 14: Market Overview of V-Guard's Product Portfolio
13 Market Overview of V-Guard’s Product Portfolio 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 15: About V-Guard Industries
14 About V-Guard Industries 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 16: Thank You
THANK YOU