Pritika Auto Industries Ltd · NSE:PRITIKAUTO
Pritika Auto Industries — Q1 FY21 Earnings Presentation
31 slides from Pritika Auto Industries's earnings presentation, 2020
Slide 1: Pritika Auto Industries Limited Result Update Presentation Q1 FY21
Pritika Auto Industries Limited Result Update Presentation Q1 FY21
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: Table of Contents
Table of Contents 01 Chairman’s Message 02 Consolidated Financial Highlights 03 Company Overview 04 Business Overview 05 Way Ahead 3
Slide 4: Chairman's Message
. J PRITIKA Group of Industries Casting | Forging | Machining 1 Chairman’s Message ”
Slide 5: Chairman's Message
Chairman’s Message “The past few quarters have been challenging for the auto sector as well as overall economy. However, Pritika Auto has been resilient in the face of market headwinds. Our revenue for Q1 FY21 stood at Rs. 22.81 crore, while EBITDA was Rs. 0.21 crore. The entire automotive value cha
Slide 6: Key Recent Developments
Key Recent Developments Strategy – To expand capacity organically and through acquisitions, on back of strong order book, while expanding export opportunities ➢ Company temporarily suspended production and all operations in March-April 2020 as per the Government directives, in light of the outbreak
Slide 7: Consolidated Financial Highlights
2 Consolidated Financial Highlights
Slide 8: Quarterly Financial Highlights – Q1 FY21
Quarterly Financial Highlights – Q1 FY21 Production Volume (TPA) Revenue (Rs. Cr) 48.6 7,209 7,682 44.7 39.9 6,170 34.8 5,196 22.8 3,225 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 EBITDA (Rs. Cr) / Margin (%) 12 20% 10 14.2% 13.2% 16% 12.3% 9.9% 8 12% 6 6.3 6.0 8
Slide 9: Quarterly Financial Highlights
Quarterly Financial Highlights Rs. Cr Q1 FY21 Q1 FY20 Y-o-Y Q4 FY20 Total Income from operations 22.81 44.70 34.79 Other Operating revenue 0.00 0.00 0.00 Net Revenue 22.81 44.70 (48.97%) 34.79 Raw Materials 14.31 25.29 19.87 Employee Cost 1.71 3.43 3.62 Other Cost 6.58 9.66 7.86 Total Expenditure 22
Slide 10: Annual Financial Highlights – FY20
Annual Financial Highlights – FY20 Production Volume (TPA) 33,110 Revenue (Rs. Cr) 28,813 25,500 26,257 209.7 170.0 168.0 145.6 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 40 20% 15 6.7% 8% 35 6.5% 7% 14.6% 14.4% 16% 30 12 12.2% 12.5% 14.1 6% 30.2 2
Slide 11: Annual Financial Highlights – FY20
Annual Financial Highlights – FY20 Rs. Cr FY20 FY19 YoY% Total Income from operations 167.95 209.71 Other Operating Income 0.00 0.00 Net Revenue 167.95 209.71 (19.91%) Raw Materials 96.43 122.76 Employee Cost 13.89 12.72 Other Cost 36.65 44.06 Total Expenditure 146.97 179.54 EBITDA 20.98 30.17 (30.4
Slide 12: Balance Sheet as on 31st March 2020
Balance Sheet as on 31st March 2020 Rs. Cr As on 31st Mar ‘20 As on 31st Mar ’19 Rs. Cr As on 31st Mar ’20 As on 31st Mar ’19 Equity 120.37 115.41 Non-current Assets 118.65 105.47 Property, Plant and Equipment 82.47 78.40 Equity Share Capital 17.73 17.73 Capital work in progress 14.59 8.88 R&S 102.6
Slide 13: Key Ratios
Key Ratios RoE (%) RoA (%) 11.6% 6.1% 10.5% 12.2% 5.8% 3.3% 2.6% 5.1% FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 RoCE (%) Net Debt/Equity (x) 0.93 16.1% 14.9% 13.4% 0.49 0.47 0.51 8.3% FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Preferential issue of 1,75,000 equity shares during Q4 FY19 RoA = Net Profit/T
Slide 14: Company Overview
PRITIKA Group of Industries Casting | Forging | Machining
Slide 15: About Us
About Us Leading manufacturer of tractor components in India ▪ Incorporated in 1973 by Mr. R.S. Nibber ▪ Nearly five decades of experience in Tractor/Auto Component manufacturing Modern Manufacturing Facilities ▪ Punjab and Himachal Pradesh ▪ Total installed machined capacity 50,000 tons pa Among bi
Slide 16: Journey So Far…
Journey So Far… ▪ Acquired foundry capacity of 12,000 tons pa of Amrit Duraparts ▪ Started by Mr. R. S. ▪ Started First integrated ▪ 2012- Expansion of ▪ Total 50,000 tons pa Nibber in 1973 as ▪ Expanded Foundry by Foundry & Machine Shop capacity by 4,800 tons pa ▪ Won 1,200 tons pa order for low sm
Slide 17: Leadership Team to drive Growth...
Leadership Team to drive Growth... Chairman Raminder Singh Nibber ▪ Aged 75 years: Mechanical Engineer started career with Escorts Limited for 10 years ▪ Awarded “UDYOG PATRA” for Self Made Industrialists by Institute of Trade and Industrial Development in July 2003 ▪ Chairman of Confederation of In
Slide 18: ... Backed by Professional Management
... Backed by Professional Management ▪ Chartered Accountant with more than 25 years of experience in finance and accounts Mr. Narinder Kumar Tyagi functions Chief Financial Officer ▪ Worked with various reputed public and private sector organizations like Nahar Spinning Mills Limited, TDT Copper Lt
Slide 19: Business Overview
. J PRITIKA Group of Industries Casting | Forging | Machining Business Overview ”
Slide 20: Diverse Product Offerings
Diverse Product Offerings Rear Axle Housings 20
Slide 21: Diverse Product Offerings contd...
Diverse Product Offerings contd... Hydraulic Lift Covers/ Housing Differential Case Clutch & Fly Wheel Engine Covers Plate Diff. Carriers Bull Cages Housings 21
Slide 22: Diverse Product Offerings contd...
Diverse Product Offerings contd... 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 28% Market share Differential Case 25% Market share Brake Housings 20% Market share Source : Company 23
Slide 24: Wide Application of Products
Wide Application of Products 24
Slide 25: Key Customers
PRITIKA Group of Industries Key Customers Casting | Forging | Machining Pon . Ve smu + CD ISU2U EICHER Mahindra | SIGMA] vibracoustic Ab) Case New Holland : SWaRal 8 © TAFE ¥ Brakes India Private Limited ASHOK LEYLAND | CGD _ RS © \ DANA \ ESCORTS Se SS Se ee 25
Slide 26: Key Strengths
Key Strengths Over five decade old strong and established brand Reputed and established Management ▪ Among leading manufacturers of ▪ Dynamic Experienced Leadership tractor components in India ▪ Vast experience in Tractor and Auto Components - indicates strong ability to maintain business viability
Slide 27: Awards & Recognitions
Awards & Recognitions AWARDS YEAR ORGANIZATION Best Quality 2001 CII – SIDBI India Engineering Trade 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
roup of Industri Casting | Forging | Machining
Slide 29: Vision and Mission of Company
Vision and Mission of Company Our Vision To be First choice among Original Equipment’s Manufactures for Machined Castings To be One of the Largest Producers of Machined Castings in India Our Mission Installed capacity of 1,00,000 of Machined Castings by Year 2023 29
Slide 30: Way Ahead....
Way Ahead.... ✓ Improve operational efficiencies Key Focus Areas ✓ Margin expansion ✓ Gain in Market Share ✓ Fully equipped manufacturing facilities of global standards – Export Opportunities to provide opportunity for exports to global OEMs ✓ Incremental Capex, partially, to be dedicated towards ex
Slide 31: Thank You
Thank You PRITIKAUTO PAUTO IN PITI.BO For further information, please contact: Company : Investor Relations Advisors : Pritika Auto Industries Limited. Bridge Investor Relations Pvt. Ltd. Ms. Nisha Saini Mr. Amit Sharma EA to MD amit@bridge-ir.com nisha@pritikagroup.com Mr. Rahul Trivedi www.pritika
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