V-guard Industries Limited · NSE:VGUARD
V-guard Industries — Q3 FY22 Earnings Presentation
18 slides from V-guard Industries's earnings presentation, Feb 2, 2022
Slide 1: Exchange submission cover letter
February 2, 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:-
Slide 2: V-Guard Industries Q3 FY22 Earnings Presentation
V-Guard Industries Q3 FY22 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 6-9 Segment-wise/Geographical Breakup of Revenues 10-12 Annexure 13-15
Slide 5: Managing Director's Message
4 Managing Director’s Commenting on the performance for Q3 FY22, Mr. Mithun Chittilappilly, Managing Director – Message V-Guard Industries Limited said, “During the third quarter, we have delivered 16% year-on-year revenue growth. While the quarter started on a strong note with positive demand momen
Slide 6: Key Highlights – Q3 FY22
Key Highlights – Q3 FY22 5 Revenue increased by • Q3 FY22 revenue increased by 16.1% YoY to Rs. 960.7 crore despite the impact of the third wave in the post-festive season period 16.1% YoY in Q3 • South and Non-South markets witnessed YoY growth of 15.0% and 17.7%, respectively FY22 • Non-South mark
Slide 7: P&L Snapshot
6 P&L Snapshot P&L Statement Q3 FY22 Q3 FY21 Change Q2 FY22 9M FY22 9M FY21 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue 960.70 827.41 16.1% 902.96 2,424.39 1,849.91 31.1% COGS 666.37 557.28 19.6% 623.65 1,665.59 1,266.49 31.5% Gross Margin 30.6% 32.6% -2.0% 30.9%
Slide 8: Financial Highlights (Q3 FY22 vs Q3 FY21)
7 Financial Highlights (Q3 FY22 vs Q3 FY21) Total Income (Rs. crore) Gross Profit 294 961 270 827 Key ratios (%) Q3 FY22 Q3 FY21 Gross Margin 30.6% 32.6% 16.1% 9.0% EBITDA Margin (excl. other income) 8.8% 13.7% Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Net Margin 5.5% 9.3% Ad & Promotion Exp. (excl. schemes)/
Slide 9: Financial Highlights (9M FY22 vs. 9M FY21)
8 Financial Highlights (9M FY22 vs. 9M FY21) Total Income (Rs. crore) Gross Profit 2,424 759 1,850 583 Key ratios (%) 9M FY22 9M FY21 Gross Margin 31.3% 31.5% 31.1% 30.1% EBITDA Margin (excl other income) 9.1% 10.6% 9M FY21 9M FY22 9M FY21 9M FY22 Net Margin 5.6% 7.1% Ad & Promotion Exp. (excl. sche
Slide 10: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective 9 Balance Sheet Snapshot (Rs. Cr) 31 December 2021 30 September 2021 31 December 2020 Net Worth 1,305.7 1,249.0 1,133.0 Gross Debt 10.0 10.0 10.0 Current Investments 0.0 5.02 0.0 Cash & Cash Equivalents (inc. bank balance) 35.8 189.9 492.3 Net Cash Po
Slide 11: Segment-wise Breakup – Q3 FY22 vs. Q3 FY21
10 Segment-wise Breakup – Q3 FY22 vs. Q3 FY21 Q3 FY22 Q3 FY21 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 199.9 20.8% 207.4 25.1% -3.7% Electricals 422.5 44.0% 355.9 43.0% 18.7% Consumer Durables 338.4 35.2% 264.1 31.9% 28.1% Grand Total 960.7 100.0
Slide 12: Segment-wise Breakup – 9M FY22 vs 9M FY21
11 Segment-wise Breakup – 9M FY22 vs 9M FY21 9M FY22 9M FY21 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 568.0 23.4% 516.1 27.9% 10.1% Electricals 1,088.9 44.9% 820.8 44.4% 32.7% Consumer Durables 767.5 31.7% 513.0 27.7% 49.6% Grand Total 2,424.4 10
Slide 13: Geographical Breakup of Revenues
12 Geographical Breakup of Revenues Q3 FY22 Q3 FY21 YoY growth Region Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) South 559.3 58.2% 486.3 58.8% 15.0% Non-South 401.4 41.8% 341.1 41.2% 17.7% Total Revenue 960.7 100% 827.4 100% 16.1% 9M FY22 9M FY21 YoY growth Region Contribution (%) Contr
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Slide 15: Market Overview of V-Guard's Product Portfolio
14 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 16: Market Overview of V-Guard's Product Portfolio
15 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 17: About V-Guard Industries
16 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 18: Thank You
THANK YOU