Sterling Tools Limited · NSE:STERTOOLS
Sterling Tools — Q3 FY24 Earnings Presentation
26 slides from Sterling Tools's earnings presentation, Feb 1, 2024
Slide 1: Cover letter to stock exchanges
STERLING TOOLS LIMITED CIN : L29222DL1979PLC0O09668 WORKS : 5-A DLF Industrial Estate Faridabad - 121 003 Haryana India Tel : 91-129-227 0621 10 25/225 5551 to 53 Fax : 91-129-227 7359 E-mail . starling@3tifasteners com website : stifasteners com By NEAPS By Listing Centre National Stock Exchange of
Slide 2: Investor Presentation February 2024
DRIVING TRANSFORMATION, POWERING THE FUTURE Sterling Tools Limited Investor Presentation February 2024
Slide 3: Table of Contents
TABLE OF CONTENTS Page No. 1 Q3 & 9M FY24 Business Highlights 04 2 Financial Highlights 09 3 Historical Financials 12 4 Annexure 16 DRIVING TRANSFORMATION, POWERING THE FUTURE
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: Q3 & 9M FY24 Business Highlights
Q3 & 9M FY24 Business Highlights
Slide 6: Management Commentary
MANAGEMENT COMMENTARY Commenting on the results and performance for Q3 & 9M FY24, Mr. Atul Aggarwal, Whole time Director of Sterling Tools Ltd. said: “The Sterling Group continues to exhibit steady performance, in 9M FY24 consolidated total income grew by 19% to Rs. 668 crores against Rs. 562 crores
Slide 7: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS Rs. in Crs. Total Income EBITDA 234.0 668.3 13.8% 12.0% 13.7% 12.3% 208.5 562.2 28.7 28.1 82.5 77.0 REVENUE MIX 9M FY24 221.6 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 PBT before exceptional items PAT 446.7 8.9% 7.5% 8.3% 7.6% 6.7% 5.8% 7.1% 5.9% 18.5
Slide 8: Standalone Financial Highlights
STANDALONE FINANCIAL HIGHLIGHTS Rs. in Crs. Total Income EBITDA 444.8 446.7 15.7% 14.9% 16.0% 14.6% 71.2 65.0 151.8 142.7 23.8 21.3 • The top-line has grown marginally during 9M Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 FY24, however, growth in subsequent periods will be aided on the b
Slide 9: Well Diversified Revenue Mix
WELL DIVERSIFIED REVENUE MIX STL (Standalone) SGEM Channel-wise mix End-user segment-wise mix End-user segment-wise mix 9M FY24 9M FY24 9M FY24 2% 2% 11% 11% 2% 28% 13% 22% 24% 87% 98% OEM PV Farm Equipment & Off Road 2W 3W & Others* Exports 2W Retail Replacement CV Exports Note - 100% EV products s
Slide 10: Financial Highlights
R STERLING GTAKE E-MOBILITY “ ° *erewe™ S) FINANCIAL HIGHLIGHTS :e
Slide 11: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Rs. in Crs. Particulars (Rs Crs) Q3FY24 Q3FY23 YoY (%) Q2FY24 QoQ (%) 9MFY24 9MFY23 YoY (%) Total Income 234.0 208.5 12.2% 211.5 10.6% 668.3 562.2 18.9% Cost of Goods Sold 120.9 110.5 109.5 347.1 277.7 Gross Profit 113.1 97.9 15.5% 102.1 10.8% 321.2 284.5 12.9% G
Slide 12: Standalone Profit & Loss Statement
STANDALONE PROFIT & LOSS STATEMENT Rs. in Crs. Particulars (Rs Crs) Q3FY24 Q3FY23 YoY (%) Q2FY24 QoQ (%) 9MFY24 9MFY23 YoY (%) Total Income 142.7 151.8 -6.0% 155.4 -8.2% 446.7 444.8 0.4% Cost of Goods Sold 53.4 64.7 69.2 183.2 180.7 Gross Profit 89.3 87.1 2.6% 86.2 3.7% 263.4 264.2 -0.3% Gross Profi
Slide 13: Historical Financials
STERLING GTAKE E-MOBILITY “ 2 HISTORICAL FINANCIALS
Slide 14: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS Rs. in Crs. Total Income EBITDA 18.1% 18.1% 13.6% 13.6% 13.7% 12.3% 775 100 668 83 562 77 513 67 65 70 371 359 FY20 FY21 FY22 FY23 9MFY23 9MFY24 FY20 FY21 FY22 FY23 9MFY23 9MFY24 PBT before exceptional items PAT 9.7% 8.5% 6.8% 7.7% 8.3% 7.6% 8.2% 6.6% 5.0% 6.2% 7.1%
Slide 15: Standalone Financial Highlights
STANDALONE FINANCIAL HIGHLIGHTS Rs. in Crs. Total Income EBITDA 18.2% 18.9% 15.4% 15.3% 16.0% 14.6% 604 92 475 445 447 73 71 68 68 65 370 358 FY20 FY21 FY22 FY23 9MFY23 9MFY24 FY20 FY21 FY22 FY23 9MFY23 9MFY24 PBT before exceptional items PAT 10.0% 9.4% 8.4% 8.8% 9.4% 8.0% 7.8% 6.8% 6.3% 6.9% 8.1% 6
Slide 16: Key Ratios
KEY RATIOS Debt / Equity (x) Current Ratio (x) Networth (Rs. Cr.) Net Fixed Asset Turnover (x) STANDALONE 0.34 2.70 401 412 2.23 2.30 0.31 0.31 0.29 363 2.05 309 335 1.76 2.01 1.92 1.94 1.43 1.45 0.17 FY20 FY21 FY22 FY23 H1FY24 FY20 FY21 FY22 FY23 H1FY24* FY20 FY21 FY22 FY23 H1FY24 FY20 FY21 FY22 FY
Slide 17: Annexure
STERLING GTAKE E-MOBILITY ANNEXURE
Slide 18: At a Glance
AT A GLANCE Sterling Tools Limited (STL) is a premier manufacturer 1 of cold forged, hi-tensile fasteners and supplies to all major auto OEMs STL’s state of the art manufacturing facilities to 2 provide reliable and high-quality products STERLING GROUP One of the leading Auto Component Player with a
Slide 19: History & Milestones
HISTORY & MILESTONES 2023 - 2024 ▪ SGEM secured 2020 - 2022 business from 20 customers ▪ Diversification into ▪ Capacity Expansion 1999 - 2019 EV Components – to 600,000 through 100% units/pa initiated 1982 - 1999 subsidiary Sterling ▪ Working to launch ▪ Second Plant - Wire Gtake E-Mobility drawing
Slide 20: Product Portfolio
PRODUCT PORTFOLIO Wide Range Competitive Preferred supplier Quality & Reliability Certified Products Applications Pricing to OEM BRAND ADVANTAGE (STANDALONE) STANDARDS INDIAN AMERICAN STANDARD FASTENERS SPECIAL FASTENERS STANDARDS STANDARDS STL GERMAN JAPANESE BRITISH CHASIS FASTENERS ENGINE FASTENE
Slide 21: Key Clientele – STL (Standalone)
KEY CLIENTELE – STL (STANDALONE) Passenger Wheelers Vehicles Two Commercial Vehicles Construction Equipment Farm Aftermarket Exports Strong Pan-India presence with 100+ Distributors STRONGHOLD DRIVING TRANSFORMATION, POWERING THE FUTURE 20
Slide 22: Pan India Presence
PAN INDIA PRESENCE STL (STANDALONE) 4 Manufacturing Plants • Faridabad • Ballabhgarh • Palwal • Bangalore 21 Warehouses at 14 Locations SGEM 1 Manufacturing Plant • Faridabad 2 Tech Centres • Faridabad • Bangalore Note – Maps not to scale. All data, information, and maps are provided “as is” without
Slide 23: Our Key Strengths
Our Key Strengths To partner and First Mover Leading player in Sustainable growth Team Credibility explore possible Advantage in EV the automotive and profitability synergies Component fastener segment To explore growth SGEM is a pioneer in We are second largest Four decades of The Company is opport
Slide 24: Board of Directors
BOARD OF DIRECTORS Mr. Anil Aggarwal, Chairman-cum Managing Director 38+ years of experience, Expertise in Manufacturing, Project management, Administration, Product and Project development and Quality control for auto components Mr. Atul Aggarwal, Whole Time Director Dr. Triloki Nath Kapoor, Direct
Slide 25: Previous Annual Results
PREVIOUS ANNUAL RESULTS Financial Year PDF Link FY23 FY22 FY21 FY20 FY19 DRIVING TRANSFORMATION, POWERING THE FUTURE 24
Slide 26: 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