Sterling Tools Limited · NSE:STERTOOLS
Sterling Tools — Q4 & FY23 Earnings Presentation
30 slides from Sterling Tools's earnings presentation, May 8, 2023
Slide 1: PANKAJ GUPTA
PANKAJ Digitally signed by PANKAJ GUPTA DN: c=IN, st=Haryana, 2.5.4.20=91c20b2fcfe564fef4102e84306c7e087c1769bacee3205e248750 2c4ec657a3, postalCode=122018, street=MAYFIELD GARDEN, SECTOR-47 , GURGAON , Gurgaon, GUPTA pseudonym=555eab29ac1d4f98b016f433eaf886e2, serialNumber=21079ebe175ffdb60fd567a45
Slide 2: Sterling Tools Ltd Investor Presentation Q4 & FY23
STERLING TOOLS LTD INVESTOR PRESENTATION Q4 & FY23
Slide 3: Table of Content
Table of Content Page No. 01 Business Overview 04 02 Q4 & FY23 Standalone Financials 08 03 Q4 & FY23 Consolidated Financials 12 04 Historical Financials 16 05 Annexure 19
Slide 4: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the "Presentation") have been prepared by Sterling Tools Ltd (the "Company") solely for informational purposes and do not constitute an offer, recommendation, or invitation to purchase or subscribe for any securities, and shall not
Slide 5: Business Overview
Business Overview This image belongs to Fasteners plant in Bangalore
Slide 6: At a Glance
At a Glance STL Group Fasteners Business EV Component Business 40 2nd #1 Years of rich legacy Largest automotive fastener MCU supplier for high-speed manufacturer in India scooter 0.3x 4 3 1 manufacturing plant in Faridabad Manufacturing Facilities: Debt to Equity ratio 3 in Faridabad 2 R&D Centre:
Slide 7: Our Strengths
Our Strengths • We are second largest player in the automotive fastener segment • A long-standing relationship with major Auto OEM’s enables in increasing its share of Leading player in the automotive business fastener segment • SGEM is a pioneer in developing MCU’s in the 2W: • High speed scooter s
Slide 8: Well Diversified Revenue Mix
Well Diversified Revenue Mix Fasteners Business EV Component Business Channel-wise Mix Segment-wise Mix Segment-wise Mix FY23 FY23 FY23 2% 2% 1% 11% 11% 2% 1% 2% 24% 16% 20% 85% 25% 98% OEM Replacement PV Farm Equipment & Off Road Others 2W 3W LCV Exports Others 2W Retail CV Exports Note - 100% EV p
Slide 9: Q4 & FY23 Standalone Financials
Q4 & FY23 Standalone Financials
Slide 10: Standalone Financial Highlights
Standalone Financial Highlights Rs. in Crs. TOTAL INCOME EBITDA PBT* PAT* QoQ Performance 15.7% 13.3% 9.1% 5.1% 6.6% 3.3% 152 159 24 14 10 21 8 5 Q3FY23 Q4FY23 Q3FY23 Q4FY23 Q3FY23 Q4FY23 Q3FY23 Q4FY23 TOTAL INCOME EBITDA PBT* PAT* 13.3% 13.3% 7.2% 5.1% 5.5% 3.3% YoY Performance 159 21 10 8 140 19 8
Slide 11: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement Rs. in Crs. Particulars (Rs Crs) Q4FY23 Q4FY22 YoY Q3FY23 QoQ FY23 FY22 YoY Total Income 158.7 139.5 14% 151.8 5% 603.5 474.6 27% Cost of Goods Sold 73.7 61.5 64.7 254.4 189.9 Gross Profit 85.0 77.9 9% 87.1 -2% 349.2 284.8 23% Gross Profit Margin 53.5% 55.9% 57.4
Slide 12: Standalone Balance Sheet
Standalone Balance Sheet Rs. in Crs. Particulars FY23 FY22 Particulars FY23 FY22 ASSETS EQUITY AND LIABILITIES Equity Non-current assets Equity Share Capital 7.2 7.2 Property, Plant and Equipment 256.4 265.8 Other Equity 394.2 355.9 Investments 55.8 36.3 Total Equity 401.4 363.1 Others 22.1 13.9 Lia
Slide 13: Q4 & FY23 Consolidated Financials
Q4 & FY23 Consolidated Financials
Slide 14: Consolidated Financial Highlights
Consolidated Financial Highlights Rs. in Crs. TOTAL INCOME EBITDA PBT* PAT* QoQ Performance 13.8% 11.0% 8.9% 4.7% 6.7% 3.7% 208 213 29 19 14 23 10 8 Q3FY23 Q4FY23 Q3FY23 Q4FY23 Q3FY23 Q4FY23 Q3FY23 Q4FY23 TOTAL INCOME EBITDA PBT* PAT* 10.6% 11.0% 5.4% 4.7% 4.0% 3.7% YoY Performance 213 23 10 8 9 7 1
Slide 15: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Rs. in Crs. Particulars (Rs Crs) Q4FY23 Q4FY22 YoY Q3FY23 QoQ FY23 FY22 YoY Total Income 212.7 170.1 25% 208.5 2% 774.9 512.6 51% Cost of Goods Sold 111.0 88.8 110.5 388.6 224.0 Gross Profit 101.7 81.3 25% 97.9 4% 386.2 288.6 34% Gross Profit Margin 47.8% 47.8%
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. in Crs. Particulars FY23 FY22 Particulars FY23 FY22 ASSETS EQUITY AND LIABILITIES Equity Non-current assets Equity Share Capital 7.2 7.2 Property, Plant and Equipment 273.9 280.0 Other Equity 393.2 348.6 Investments 15.3 14.6 Total Equity 400.4 355.8 Others 24.5 16.8 L
Slide 17: Historical Financials
Historical Financials
Slide 18: Financial Highlights
Financial Highlights Rs. in Crs. Total Income EBITDA PBT* PAT* 18.1% 13.6% 15.4% 15.3% 10.0% 9.4% 8.4% 9.4% 8.7% 7.5% 6.3% 6.9% STANDALONE 604 92 57 41 475 68 68 73 32 30 37 40 27 370 358 34 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBITDA PBT* PAT* Total Income
Slide 19: Key Ratios
Key Ratios Debt / Equity (x) Current Ratio (x) Networth (Rs. Cr.) Fixed Asset Turnover (x) STANDALONE 0.34 2.70 401 1.79 0.31 0.31 335 363 1.49 2.05 2.01 1.92 309 1.22 1.22 0.17 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Debt / Equity (x) Current Ratio (x) Networ
Slide 20: Annexure
Annexure
Slide 21: About Us
About Us Sterling Tools Limited (STL) Sterling Gtake E-mobility Limited (SGEM) Second largest automotive fastener manufacturer in Technical Collaboration with Jiangsu Gtake Electric 01 Company Ltd. 01 India with a rich legacy of over four decades Offers a comprehensive product portfolio consisting G
Slide 22: Business Verticals
Business Verticals FASTENERS • STL is a premier producer of cold forged hi-tensile fasteners and supplies to all major auto OEMs • State of the Art manufacturing facilities to provide reliable and high-quality products • Diversified into multiple categories across Fasteners • Long standing relations
Slide 23: History & Milestones
History & Milestones 2023 • Revenue from 2020 MCUs grew 3.5x Diversification into EV from Last year Components – under 100% • MCU business subsidiary of Sterling Gtake secures more then E-Mobility Ltd. (SGEM) 15 contracts • Capacity Expansion initiated 2004 2021 - 2022 1982 - 1999 Third Plant- Prith
Slide 24: Pan India Presence
Pan India Presence Fasteners EV Component Manufacturing Plants: MCU Manufacturing Plant - Faridabad - Ballabhgarh - Faridabad - Palwal - Bangalore Warehouses at SGEM Tech Centre - Faridabad Locations - Bangalore Note – Maps not to scale. All data, information, and maps are provided “as is” without w
Slide 25: Product Range - Fasteners
Product Range - Fasteners Nuts Engine Fasteners Bolts & Screws Standard / Chassis Special Fasteners Fasteners Standards 24
Slide 26: Key Clientele - Fasteners
Key Clientele - Fasteners Wheelers Passenger Vehicles Two Commercial Vehicles Construction Exports STRONGHOLD Equipment TIER-1 Farm Aftermarket: Strong Pan-India presence with 100+ Distributors 25
Slide 27: MCU Portfolio
MCU Portfolio HCV & MUV segment PC & LCV segment 2W LS | HS & 3W segment © Sterling Gtake E-Mobility LTD- 2022 26
Slide 28: Board of Directors
Board of Directors Mr. Anil Aggarwal Mr. Atul Aggarwal Dr. Triloki Nath Kapoor Chairman-cum Managing Director Whole Time Director Director 34+ years of experience, 50+ years of experience, 38+ years of experience Expertise in Administration, Management, Expertise in Manufacturing, Project management
Slide 29: Previous Annual Results
Previous Annual Results Financial Year PDF Link FY22 FY21 FY20 FY19 28
Slide 30: For further information, please contact
For further information, please contact STL Group : Investor Relations Advisors : Sterling Tools Limited CIN: L29222DL1979PLC009668 CIN: U74140MH2010PTC204285 Mr. Pankaj Gupta (Group Chief Financial Officer) Mr. Karan Thakker Mr. Abhishek Chawla (Company Secretary) Mr. Aakash Mehta pankaj.gupta@stlf