Dixon Technologies (india) Ltd. · NSE:DIXON
Dixon Technologies (india) — Q4 FY2020 Earnings Presentation
28 slides from Dixon Technologies (india)'s earnings presentation, Jun 11, 2020
Slide 1: Outcome of Board Meeting - Dixon Technologies
Dixon* Dixon Technologies (India) Ltd. 11 June, 2020 To Ty Secretary ecretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai - 400 051 Dalal Street, Mum
Slide 2: Board meeting outcome letter (continued)
Dhawan & Co. Chartered Accountants, Statutory Auditors of the Company are enclosed. The Results along with the Un-modified Auditors' Report is also being uploaded on the website of the Company www.dixoninfo.com . We hereby declare that the reports of the Auditors are with un-modified opinion with re
Slide 3: Independent Auditor's Report - Standalone
LN . D haw an & CO LL P Chartered A ccoun ta nts Independent Auditor's Report To the Board of Directors of DIXON TECHNOLOGIES (INDIA) LIMITED Report on the Audit of Standalone Financial Results Opinion We have audited the Standalone Financial Results of Dixon Technologies (India) Limited ("the Compa
Slide 4: Auditor's report - management responsibilities
application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, re
Slide 5: Auditor's report (continued)
the date of our auditor's report. However, future events or conditions may cause the Company cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the Standalone Financial Results r
Slide 6: Statement of Standalone Audited Financial Results
DIXON TECHNOLOGIES sips kidtneal REGISTERED OFFI Bia & 15,PHASE 11, on UTTAR PRADESH-201305 CIN: L32101UP1993PLCO66581, Website: www.dixoninio:com STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH , 2020 (Rupees in Lakhs) So. [Particulars juarter ended Year
Slide 7: Standalone Balance Sheet
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH- 201305 CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com STANDALONE BALANCE SHEET AS AT 31ST MARCH, 2020 (Rs. in Lakhs unless otherwise stated) As at As at Audited i ASSETS Audited Non-Current Assets a.
Slide 8: Standalone Cash Flow Statement
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE Il, NOIDA UTTAR PRADESH-201305 CIN (32101UP1993PLC066581, Website: www.dixoninfo.com __STANDALONE CASH FLOW STATEMENT (Rs. in Lakhs unless otherwise stated) Year ended Year ended 20 34st March, 2019 _ Audited Audited Cash flow from
Slide 9: Independent Auditor's Report - Consolidated
LN •D haw an & co LLP Chartered Accountants Independent Auditor's Report To the Board of Directors of DIXON TECHNOLOGIES {INDIA) LIMITED Report on the Audit of Consolidated Financial Results Opinion We have audited the Consolidated Financial Results of Dixon Technologies {India) Limited ("the Holdin
Slide 10: Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Statement section of our report . We are independent of the Gr
Slide 11: Auditor's responsibilities
they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results . As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: • Identify and
Slide 12: Other Matters
them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguard s. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent
Slide 13: Statement of Consolidated Audited Financial Results
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE. 814 & 15,PHASE 1, NOIOA S.No. [Particulars Quarter ended Year Ended 3i-Mar-20 is Ex Audited Unaudited Audited Audited ‘Audited 1 |Revenue from operations 85.741 es.82 440,012 298,465 2 [Other income (c)) = $20 563) 3_[Total income (442) 85,738 86
Slide 14: Consolidated Balance Sheet
ECH REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2020 ASSETS Non-Current Assets Property, plant and equipment Capital work-in-progress Intangible assets Right of use assets Goodwill
Slide 15: Consolidated Cash Flow Statement
REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com CONSOLIDATED CASH FLOW STATEMENT A. Cash flow from operating activities Profit before tax Adjustments for ; Depreciation and amortisation expense Finance costs (Gain) /Loss on Excha
Slide 16: RISE - Q4 & FY 19-20
R I S E Research Innovation Scale Excellence EARNINGS PRESENTATION Q4 & FY 19-20
Slide 17: Disclaimer
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 s
Slide 18: Table of contents
Table of contents Key highlights of Q4 & FY 19-20 04 Consolidated Results Summary 05 Segment Wise Performance 06-07 ODM Revenue Share & Segment Wise ROCE 08 Expenditure Analysis 09 Balance Sheet 10 Cash Flow 11 Key Financial Ratios 12 3
Slide 19: Key highlights of Q4 & FY 19-20
Key highlights of Q4,FY 19-20 * Revenue (Rs Lacs)* Growth % EBITDA (Rs Lacs) Margin % PBT (Rs Lacs) Margin % PAT (Rs… Margin % 86,070 Growth % Growth % Growth % 3,726 2,758 -0.4% 5,585 85,738 3,938 53% 2,441 42% 1,653 67% 4.6% 6.5% 2.8% 4.3% 1.9% 3.2% Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY2
Slide 20: Consolidated Results Summary
Consolidated Results Summary Particulars (INR Lacs) Q4, FY 19-20 Q4, FY 18-19 % Change FY 19-20 FY 18-19 % Change Income 85,741 85,882 -0.2% 440,012 298,445 47% Expenses 80,153 82,132 -2% 417,705 284,958 47% Operating Profit 5,588 3,750 49% 22,307 13,487 65% Operating Profit Margin 6.5% 4.4% 2.1% 5.
Slide 21: Segment Wise Performance: Q4 FY 19-20 vs Q4 FY 18-19
Segment Wise Performance : Q4,FY 19-20 vs Q4,FY 18-19 Particulars (INR Lacs) Q4, FY 19-20 Q4, FY 18-19 % change Q4, FY 19-20 Q4, FY 18-19 % change Revenues % of Total Revenue Consumer Electronics* 39,297 32,325 22% 46% 38% 8% Lighting Products 25,478 30,489 -16% 30% 36% -6% Home Appliances 9,002 9,2
Slide 22: Segment Wise Performance: FY 19-20 vs FY 18-19
Segment Wise Performance : FY 19-20 vs FY 18-19 Particulars (INR Lacs) FY 19-20 FY 18-19 % change FY 19-20 FY 18-19 % change Revenues % of Total Revenue Consumer Electronics* 209,522 119,365 76% 48% 40% 8% Lighting Products 113,969 91,935 24% 26% 31% -5% Home Appliances 39,631 37,437 6% 9% 13% -4% M
Slide 23: ODM Revenue Share and Segment Wise ROCE
ODM Revenue Share (%) – Q4 & FY, 19-20 Vs Q4 & FY 18-19 Revenue (%) Q4, FY 19-20 Q4, FY 18-19 % change FY 19-20 FY 18-19 % change Consumer Electronics 2% 5% -3% 6% 9% -3% Lighting Products 94% 89% 5% 87% 71% 16% Home Appliances 100% 100% - 100% 100% - Segment Wise – ROCE (%) Capital Employed ROCE *
Slide 24: Expenditure Analysis
Expenditure Analysis : Q4,FY 19-20 vs Q4,FY 18-19 Particulars (As a % of operating revenues) Q4 FY 19-20 Q4, FY 18-19 % Change Cost of Material Consumed 84.2% 87.6% -3.4% Employee benefit expenses 3.6% 3.2% 0.4% Finance Cost 0.9% 1.0% -0.1% Depreciation and Amortization Expense 1.3% 0.7% 0.6% Other
Slide 25: Balance sheet
Balance sheet Particulars (INR Lacs) 31st Mar ’20 31st Mar ’19 (0.02) 0.26 Net Fixed Assets (A) 42,364 25,971 Other Non Current Assets (B) 2,740 16,335 Cash & bank balance (C) 10,016 4,433 54,133 37,822 Equity Current Assets Net Debt Trade Receivables 51,512 51,674 (1,349) 9,692 Inventories 49,783 4
Slide 26: Cash Flow
Cash Flow Particulars (Rs Lacs) FY 19-20 PBT 15,677 Depreciation & Amortization 3,653 Others ( Net interest expenses, ESOP expenses etc.) 4,467 Working capital change 4,233 Taxes Paid (4,294) *Strong Free Cash flow Cash Flow from Operating Activities (A) 23,736 generation of Rs 9,151 Lacs Capital ex
Slide 27: Key Financial Ratios
Key Financial Ratios As on Particulars th 31 Mar 2020 Inventory days (A) 41 Debtors Days (B) 43 Creditors days (C) 88 Cash Conversion Cycle / Working Capital Days (A+B-C)* (4) ROCE (%)* 33.0% ROE (%) ** 26.2% *ROCE = EBIT/Average Net Capital Employed based on the Capital employed as on 31 st Mar 20
Slide 28: Dixon
Dixon 13
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