V-guard Industries Limited · NSE:VGUARD
V-guard Industries — Q4 FY21 Earnings Presentation
18 slides from V-guard Industries's earnings presentation, May 26, 2021
Slide 1: Exchange submission cover letter
May 26, 2021 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:- Scr
Slide 2: V-Guard Industries Q4 FY21 Earnings Presentation
V-Guard Industries Q4 FY21 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 Message Commenting on the performance for Q4 FY21, Mr. Mithun Chittilappilly, Managing Director – V-Guard Industries Limited said, “I am pleased to report a very encouraging financial performance by V-Guard in what has been the most challenging period in recent memory for both
Slide 6: Key Highlights – Q4 FY21
Key Highlights – Q4 FY21 5 • Q4 FY21 revenue increased by 58.2% YoY to Rs. 849.10 crore Revenue increased by 58.2% YoY in Q4 • South and Non-South markets witnessed YoY growth of 49.6% and 70.9%, respectively FY21 • Non-South markets contributed to 43.7% of total revenue in Q4 FY21 as compared to 40
Slide 7: P&L Snapshot
6 P&L Snapshot P&L Statement Q4 FY21 Q4 FY20 Change Q3 FY21 FY21 FY20 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue 849.10 536.63 58.2% 827.41 2,699.00 2,481.96 8.7% COGS 582.24 357.75 62.7% 557.28 1,848.73 1,658.20 11.5% Gross Margin 31.4% 33.3% -1.9% 32.6% 31.5% 3
Slide 8: Financial Highlights (Q4 FY21 vs. Q4 FY20)
7 Financial Highlights (Q4 FY21 vs. Q4 FY20) Total Income (Rs. crore) Gross Profit 849 267 179 537 Key ratios (%) Q4 FY21 Q4 FY20 Gross Margin 31.4% 33.3% 58.2% 49.2% EBITDA Margin (excl. other income) 12.9% 8.4% Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 Net Margin 8.0% 6.1% Ad & Promotion Exp. (excl. schemes
Slide 9: Financial Highlights (FY21 vs. FY20)
8 Financial Highlights (FY21 vs. FY20) Total Income (Rs. crore) Gross Profit 2,699 824 850 2,482 Key ratios (%) FY21 FY20 Gross Margin 31.5% 33.2% 8.7% 3.2% EBITDA Margin (excl other income) 11.4% 10.2% FY20 FY21 FY20 FY21 Net Margin 7.4% 7.5% Ad & Promotion Exp. (excl. schemes)/ 1.0% 2.3% EBITDA (R
Slide 10: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective 9 Balance Sheet Snapshot (Rs. Cr) 31 March 2021 31 December 2020 31 March 2020 Net Worth 1,207.8 1,133.0 993.8 Gross Debt 10.0 10.0 10.0 Current Investments 0.0 0.0 36.0 Cash & Cash Equivalents (inc. bank balance) 281.1 492.3 111.5 Net Cash Position (
Slide 11: Segment-wise Breakup – Q4 FY21 vs. Q4 FY20
10 Segment-wise Breakup – Q4 FY21 vs. Q4 FY20 Q4 FY21 Q4 FY20 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 242.8 28.6% 150.3 28.0% 61.5% Electricals 382.7 45.1% 242.2 45.1% 58.0% Consumer Durables 223.7 26.3% 144.1 26.9% 55.2% Grand Total 849.1 100.0
Slide 12: Segment-wise Breakup – FY21 vs. FY20
11 Segment-wise Breakup – FY21 vs. FY20 FY21 FY20 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 758.9 28.1% 754.5 30.4% 0.6% Electricals 1,203.5 44.6% 1,053.0 42.4% 14.3% Consumer Durables 736.7 27.3% 674.5 27.2% 9.2% Grand Total 2,699.0 100.0% 2,482.
Slide 13: Geographical Breakup of Revenues
12 Geographical Breakup of Revenues Q4 FY21 Q4 FY20 YoY growth Region Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) South 477.9 56.3% 319.4 59.5% 49.6% Non-South 371.1 43.7% 217.2 40.5% 70.9% Total Revenue 849.1 100% 536.6 100% 58.2% FY21 FY20 YoY growth Region Contribution (%) Contributio
Slide 14: UARD
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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
=< V-GUARD THANK YOU