Uravi Defence And Technology Limited · NSE:URAVIDEF
Uravi Defence And Technology — H1 FY25 Earnings Presentation
46 slides from Uravi Defence And Technology's earnings presentation, November 2024
Slide 1: Uravi Defence & Technology Limited H1 FY25 Investor Presentation
Uravi Defence & Technology Limited H1 FY25 Investor Presentation
Slide 2: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Uravi Defence and Technology Limited (formerly known as Uravi T and Wedge Lamps Limited) (Uravi, The Company) solely for information purposes and do not constitute any offer, recomm
Slide 3: H1 FY25 Operational & Financial Highlights
H1 FY25 Operational & Financial Highlights
Slide 4: Strategic Acquisition Of SKL (India) Private Limited
Strategic Acquisition Of SKL (India) Private Limited Strategic Alliance with SKL India Strengthens Power Systems and Defense Capabilities SKL India Private Limited, established on July 15, 1994, is a Mumbai-based company specializing in the design and manufacture of Power Systems, AMF Panels, Distri
Slide 5: Product Portfolio Of SKL (India) Private Limited
Product Portfolio Of SKL (India) Private Limited Auxiliary Power Units Combined Electrical & Hydraulic APU MIL approved Gensets AMF Control Panels, Synchronizing Portable & Canopied Hydraulic Power Li Based Battery Systems and Hybrid Panels and Distribution Panels. Packs Electric Power Supply System
Slide 6: H1 FY25 Key Financial Highlights
H1 FY25 Key Financial Highlights Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin 7 18.04 22.49 6.05 6 14.95 5 4 3.34 3 19.76 2 3.56 3.36 1.19 0.75 1 0 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 All Figures In ₹ Cr & Margin In % Investor Presentation 6
Slide 7: H1 & Q2 FY25 Financial Highlights
H1 & Q2 FY25 Financial Highlights In ₹ Cr Particulars Q2 FY25 Q2 FY24 Y-O-Y H1 FY25 H1 FY24 Y-O-Y Revenues 11.12 10.62 22.22 19.38 Other Income 0.07 0.19 0.27 0.38 Total Income 11.19 10.82 3.47% 22.49 19.76 13.80% Raw Material Expenses 5.76 4.96 10.76 8.72 Employee costs 2.52 2.33 5.10 4.36 Other ex
Slide 8: Company Overview
Company Overview
Slide 9: Uravi Defence & Technology @ Glance
Uravi Defence & Technology @ Glance Incorporated in 2004, Uravi Defence and Technology Limited (formerly known as Uravi T and Wedge Lamps Limited) (The Company) is the leading manufacturer and supplier of incandescent and wedge-based automotive lamps. The company is specialized in delivering tailore
Slide 10: Key Facts
Key Facts 19+ 50+ 150+ 300+ 7,000+ Years Of Experience Products Available Dealers Across India Employees Sq. Mtrs Manufacturing Unit Spread Across FY24 ₹ 42.68 Cr ₹ 7.11 Cr ₹ 2.13 Cr Total Revenue EBITDA PAT Investor Presentation 10
Slide 11: A Timeline Of Uravi Defence and Technology Limited
A Timeline Of Uravi Defence and Technology Limited 2004 2006 2008 2010 o Company was incorporated as o One more production line for T-10 lamps o The Company received ISO/TS 16949:2002 o Q5- Rajlaxmi technopark sonale, NH3 Road Uravi T and Wedge Lamps Private started at Rabale MIDC. certification. Bh
Slide 12: A Timeline Of Uravi Defence and Technology Limited
A Timeline Of Uravi Defence and Technology Limited 2012 2014 2017 2019 2023 o New building construction o Quality management system o Received IATF QMS o Migrated to the Main Boards of o Lamp coating plant started in J3- attached to main building – ISO/TS 16949:2009 re- Certification NSE & BSE Rajla
Slide 13: Approved By Major OEM's
Approved By Major OEM’s Investor Presentation 13
Slide 14: Strong Customer Base: Tier 1 Supplier To Major OEM Suppliers
Strong Customer Base: Tier 1 Supplier To Major OEM Suppliers The top five customers have accounted for approximately 45% of our revenue over the past three years. Investor Presentation 14
Slide 15: Manufacturing Facilities: Fostering Innovation & Delivering Manufacturing Excellence
Manufacturing Facilities: Fostering Innovation & Delivering Manufacturing Excellence The Company has 3 manufacturing Units, 1 located at Bhiwandi, Thane in Maharashtra and the other 2 at Kathua in Jammu and Kashmir Bhiwandi Manufacturing Unit (“UNIT – I”) This Unit is spread across 32,460 square fee
Slide 16: Production Capacity & Utilization
Production Capacity & Utilization For the Financial Year Product Particulars 2024 2023 2022 Installed Capacity (Units/year) 6,96,00,000 11,28,00,000 11,28,00,000 UNIT – I Utilised Capacity (Units/year) 4,98,31,400 6,63,42,350 6,50,22,960 (Bhiwandi Unit) Utilization Capacity (%) 71.60 58.81 57..64 In
Slide 17: Elevating Quality Standards With Certifications
Elevating Quality Standards With Certifications Investor Presentation 17
Slide 18: Quality Assurance: The Mark of Excellence
Quality Assurance: The Mark of Excellence The company aims to be a reliable and customer-focused supplier, exceeding expectations and fulfilling all customer needs. Poke Yoke Load pressure testing Polariscope Impulse voltage testing Photometric testing Vibration Tester from LDS - UK Chromaticity & C
Slide 19: Empowering Progress Through Efficiency: Competitive Advantages
Empowering Progress Through Efficiency: Competitive Advantages 01 02 03 Lean organization Strategically located Well-established supply structure facilitates in manufacturing units to chain faster implementation of cater to customers growing policy decisions needs 04 05 06 Good relations with all ou
Slide 20: Fortifying Success Through Strengths-Based Foundations
Fortifying Success Through Strengths-Based Foundations Experienced Certifications Our range of QA / QC and Management and products – R&D for Team Compliance Wedge Lamps, Quality Control Established with Quality Strategic Stop and Tail Consistency in Marketing Standards Location of Lamps and LED Qual
Slide 21: CSR Activities
CSR Activities The company aims to fulfill its environmental commitments through the following broad-level actions. ✓ The company is driven by a strong belief in making a positive impact on society, particularly in improving the living conditions of the less fortunate. ✓ Their commitment to this cau
Slide 22: Business Overview
Business Overview
Slide 23: Overview Of UVAL's Product Portfolio
Overview Of UVAL’s Product Portfolio The company manufactures lamps for instrument clusters in automobiles, including 2-wheelers, 4-wheelers, and tractors. Automobile Lamps Automobile Led Lamps Incandescent Head Lamps Halogen Head Lamps Stop, Tail & Indicators Indicator, Stop, Tail & Head Lamps s1 (
Slide 24: UVAL's Product Description
UVAL’s Product Description Category Wedge Based Lamps Stop/Tail/Indicator Lamps LED Lamps Automotive Lamps HomeAppliance Applications Speedometer Indicator No. of SKU 27 9 9 1 The company offers a diverse selection of wedge lamps with Stop Tail Lamps are utilized for wattages ranging from 1.2 Watts
Slide 25: Glimpse Of Product Portfolio
Glimpse Of Product Portfolio LED Lamps Incandescent & Wedge Base Lamps Halogen Lamps Wedge Base Lamps Halogen Fog Lamps Cool White HS1 LED Cool White LED Head T10 Amber T13 Lamp Clear H3 Clear PK22 H3 Ultra Blue PK22s Head lamp Bulb Lamp (BA20d) Stop, Tail, and Indicator Lamps Halogen Head Lamps Coo
Slide 26: Segment Wise Break Up
Segment Wise Break Up In % FY22 FY23 FY24 2.21 2.74 2.01 1.62 0.25 0.65 0.56 97.54 96.61 95.81 OEM Aftermarket Export Other Particulars FY22 FY23 FY24 OEM (%) 97.54 96.61 95.81 Aftermarket (%) 2.21 2.74 2.01 Export (%) 0.25 0.65 0.56 Other (%) - - 1.62 Total Turnover (In ₹ Cr) 32.12 34.62 42.68 Inve
Slide 27: Management Overview
Management Overview
Slide 28: Board Of Directors
Board Of Directors Mr. Niraj D. Gada Managing Director & Ceo o He is the founding promoter and director of the Company. o Having been in the industry for over 2 decades; he has acquired the requisite experience, skill and networking to smoothly conduct the business of the Company. o Over the years h
Slide 29: Board Of Directors
Board Of Directors Mr. Niken Ravin Shah Non-Executive Independent Director o He holds a bachelor’s degree in commerce from theUniversity of Mumbai and is also a member of the Bachelor of Legislative Law. o He has over 07 years of specialising in non-litigation property matters such as drafting of va
Slide 30: Industry Overview
Industry Overview
Slide 31: Navigating Growth: Global Automotive Lighting Market Insights
Navigating Growth: Global Automotive Lighting Market Insights The global automotive lighting market is projected to reach $58.59 billion by 2030, registering a CAGR of 6.3% from 2021 to 2030. Automotive Lighting Market Market Potential (US$ Bn) (By Light Type) The global automotive lighting market w
Slide 32: Revving Towards Success: India's Auto Component Industry Drives Growth
Revving Towards Success: India's Auto Component Industry Drives Growth India is the third-largest automobile market globally, With plans to reduce auto components’ import dependence, domestic players are expected to witness a demand surge. In FY24 the Indian auto component industry achieved the high
Slide 33: Financial Overview
Financial Overview
Slide 34: Financial Highlights
Financial Highlights Total Income EBITDA EBITDA Margin PAT PAT Margin 6.00 16.60 16.65 15.95 5.00 5.00 42.68 4.00 34.62 32.12 3.00 7.11 2.52 2.13 5.52 2.28 5.33 2.00 0.87 0.73 1.00 0.00 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Figures In ₹ Cr & Margin In % Investor Presentation 34
Slide 35: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particulars FY24 FY23 FY22 Revenues 41.99 33.91 31.36 Other Income 0.69 0.71 0.76 Total Income 42.68 34.62 32.12 Raw Material Expenses 19.57 15.49 14.04 Employee costs 9.55 8.19 7.33 Other expenses 6.46 5.42 5.42 Total Expenditure 35.58 29.10 26.79 EBITDA 7.11 5.52 5.
Slide 36: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY24 FY23 FY22 Assets FY24 FY23 FY22 Equity 11.00 11.00 5.50 Non Current Assets Other Equity 14.52 12.43 17.13 Fixed Assets 17.27 17.87 15.49 Net Worth 25.52 23.43 22.63 Non Current Investments 0.00 0.01 0.92 Non Current Liabilities Other Non Current Fina
Slide 37: Cash Flow Statement
Cash Flow Statement In ₹ Cr Particulars FY24 FY23 FY22 Cash from Operation 0.63 4.73 3.08 Cash from Investments 0.00 -2.39 -1.23 Cash from Financing -0.53 -2.36 -2.10 Investor Presentation 37
Slide 38: Key Ratios
Key Ratios In % In % ROE ROCE 8.36 9.51 7.14 7.22 3.72 3.24 FY22 FY23 FY24 FY22 FY23 FY24 Debt to Equity In Time Interest Coverage In Time 1.00 2.10 1.53 1.62 0.96 0.95 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 38
Slide 39: Key Ratios
Key Ratios Fixed Asset Turnover In Time Current Ratio In Time 1.48 1.48 2.43 2.02 1.90 1.44 FY22 FY23 FY24 FY22 FY23 FY24 Book Value In ₹ EPS In ₹ 23.20 1.94 21.30 20.57 0.79 0.67 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 39
Slide 40: The Way Forward
The Way Forward
Slide 41: Navigating Toward Profitability- Strategic Path Forward
Navigating Toward Profitability- Strategic Path Forward Shifting manufacturing of some low Diversifying its product portfolio by margin products to its Jammu Units adding LEDs and EV chargers’ segment Targeting the export segment Decreasing RM consumption by and increasing B2C improving product qual
Slide 42: Growth Unleashed: Unlocking Doors To Endless Possibilities
Growth Unleashed: Unlocking Doors To Endless Possibilities Growth In Business Increase In Number Geographical Geographical From Existing Of Vertical Expansion Within Expansion Outside Customers Addressed India India Development Across Reciprocal Business Product Scope Trade Lanes From Network Expans
Slide 43: Investment Rationale
Investment Rationale The global automotive lighting market is projected to reach Uravi’s aftermarket and export business contributes about 3- $58.59 billion by 2030, driven by rising emphasis on road 4% of its total revenue. The company is eyeing South safety, increasing government regulations, and
Slide 44: Annexures
Annexures
Slide 45: Stock Data
Stock Data As on 13-11-2024 As on 30-09-2024 NSE: URAVI ISIN: INE568Z01015 Share Holding Pattern Share Price (₹) 465.00 Market Capitalization (₹ Cr) 511.50 27.27% Promoter & Promoter Group No. of Shares Outstanding 1,10,00,000 Public 72.73% Face Value (₹) 10.00 52 Week High-Low (₹) 666.00 – 253.90 S
Slide 46: Thank You
Thank You Q-6, RajLaxmi Techno Park, Sonale Village, 713-B, Lodha Supremus II, Wagle Estate, NH3 - Nashik Bhiwandi Bypass, Thane West – 400 604. Tal: Bhiwandi Dist. Thane 421 302. India. Phone: 022 4100 2455 info@kirinadvisors.com Phone: +91 90042 62048 Email: info@kirinadvisors.com Email: siddhant.
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