Pritika Auto Industries Ltd · NSE:PRITIKAUTO
Pritika Auto Industries — Q3 FY23 Earnings Presentation
32 slides from Pritika Auto Industries's earnings presentation, Feb 1, 2023
Slide 1: Result Update Presentation Q3 & 9M FY23
Pritika Auto Industries Limited Result Update Presentation Q3 & 9M FY23
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Pritika Auto Industries Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection wi
Slide 3: Executive Summary
Executive Summary Company Overview Financial Highlights (FY22) Pritika Auto Industries is among leading manufacturers of machined castings in India Incorporated in 1973, Company manufactures components for tractors and commercial vehicles Operating Revenue Total installed capacity of over 50,0
Slide 4: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights
Slide 5: Chairman's Message
Chairman’s Message To be updated “The Company’s performance in the third quarter has been in line with expectations, given the seasonality of our industry. We have reported our quarterly volumes at 7,558 tons in Q3 FY23, reflecting a 27.28% Y-o-Y increase, driven by continued growth in the tractor a
Slide 6: Quarterly Financial Highlights – Q3 FY23
Quarterly Financial Highlights – Q3 FY23 Production Volume (TPA) Revenue (Rs. Cr) 10,557 11,072 96.0 100.0 7,558 77.8 5,938 5,885 56.0 57.0 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 EBITDA (Rs. Cr) / Margin (%) 20% 12 11.4 12.9 10 12.5% 16% 12.9% 10.8% 11.8% 8 9
Slide 7: Quarterly Financial Highlights
Quarterly Financial Highlights Rs. Cr Q3 FY23 Q3 FY22 Y-o-Y Q2 FY23 Total Income from operations 77.82 55.98 100.04 Other Operating revenue 0.00 0.00 0.00 Net Revenue 77.82 55.98 39.03% 100.04 Raw Materials 50.16 34.67 63.45 Employee Cost 4.99 4.19 5.36 Other Cost 14.25 11.92 18.39 Total Expenditure
Slide 8: Nine Months Financial Highlights
Nine Months Financial Highlights Rs. Cr 9M FY23 9M FY22 Y-o-Y Total Income from operations 273.87 214.23 Other Operating revenue 0.00 0.00 Net Revenue 273.87 214.23 27.84% Raw Materials 176.69 131.74 Employee Cost 15.20 12.92 Other Cost 49.36 46.68 Total Expenditure 241.25 191.34 EBITDA 32.62 22.89
Slide 9: Key Recent Developments during the year
Key Recent Developments during the year Strategy – To expand capacity organically and through acquisitions, on back of strong order book, while expanding export opportunities Company announced plans to raise Rs. 30.40 cr by issuance of 1,60,00,000 fully convertible warrants to non- promoter catego
Slide 10: Company Overview
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Slide 11: About Us
About Us Leading manufacturer of tractor components in India Incorporated in 1973 by Mr. R.S. Nibber About five decades of experience in Tractor/Auto Component manufacturing Diversified Portfolio Modern Manufacturing Facilities Axle Housings, Wheel Housings, Punjab and Himachal Pradesh Hydra
Slide 12: Vision and Mission of Company
Vision and Mission of Company To be First choice among Original Vision Equipment’s Manufacturers for Machined Castings To be One of the Largest Producers of Machined Castings in India Installed capacity of 1,00,000 tons of Machined Castings by Year 2025 Missions 12
Slide 13: Journey So Far…
Journey So Far… 2019-22 2012-15 Won 1,200 tons pa order for low HP tractor 2007 components 1973-75 Started First integrated 2012- Expansion of Received 2,400 tons pa order of rear axle Foundry & Machine capacity by 4,800 tons Started by Mr. R. S. housings Nibber in 1973 as 1999 Shop in Vil
Slide 14: Leadership Team to drive Growth...
Leadership Team to drive Growth... Raminder Singh Nibber Harpreet Singh Nibber Chairman Managing Director Mechanical Engineer started career with Mechanical Engineer worked for more than 2 Escorts Limited for 10 years years in reputed tractor manufacturing Awarded “UDYOG PATRA” for Self Made C
Slide 15: ... Backed by Professional Management
... Backed by Professional Management Mr. Narinder Kumar Tyagi Sri Ajay Kumar Rai Sri Navpreet S. Sujlana Chief Financial Officer Executive Director Deputy General Manager- Sales & Marketing Chartered Accountant Graduate in Mechanical Engineering Graduated in Mechanical with more than 25 years
Slide 16: Business Overview
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Slide 17: Diverse Product Offerings
Diverse Product Offerings Rear Axle Housings 17
Slide 18: Diverse Product Offerings
Diverse Product Offerings Hydraulic Lift Covers/ Housing Differential Case Clutch & Fly Wheel Engine Covers Plate Diff. Carriers Bull Cages Housings 18
Slide 19: Diverse Product Offerings
Diverse Product Offerings Wheel Hubs Front Engine/Axle Support Crank Case, Cylinder Blocks & Cam Shafts Brake Housings, End Covers & Actuating Disc 19
Slide 20: Market Share – Major Products
Market Share – Major Products Axle Housings Differential Case 28% Market share 25% Market share Brake Housings Source : Company 20% Market share 20
Slide 21: Wide Application of Products
Wide Application of Products 21
Slide 22: Key Customers
Key Customers PRITIKA Group of Industries Casting | Forging | Machining smu ISUeU ‘S) Brakes & Limited swaRalJ Weecesticd’D etfs © TAFE ¥ SWaRaJ ASHOK LEYLAND Boe EICHER Mahindra © ESCORTS ga
Slide 23: Key Strengths
Key Strengths Over five decade old strong & established brand Among leading manufacturers of tractor components in India Diversified Product offerings Reputed and established Manufactures diverse range of Management products Dynamic Experienced Leadership Continual expansion of product Vas
Slide 24: Awards & Recognitions
Awards & Recognitions AWARDS YEAR ORGANIZATION CII – SIDBI India Engineering Trade Best Quality 2001 Fair Centre for International Trade & 2nd Best Display Award 2005 Industry at Made in Punjab Show Best Quality Performance 2010-11 Swaraj Ltd. Award For Casting Commodity 2012 Mahindra & Mahindra Bes
Slide 25: Consolidated Annual Financial Highlights
Consolidated Annual Financial Highlights
Slide 26: Annual Financial Highlights – FY22
Annual Financial Highlights – FY22 Volumes (Tons) Revenue (Rs. Cr) 33,110 31,206 32,353 271.2 209.7 225.7 26,257 168.0 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 40 20% 15 8% 35 6.7% 14.4% 11.1% 16% 14.1 14.4 7% 30 12 12.5% 5.3% 6% 30.2 30.0 25 10.
Slide 27: Annual Financial Highlights – FY22
Annual Financial Highlights – FY22 Rs. Cr FY22 FY21 YoY% Total Income from operations 271.23 225.69 Other Operating Income 0.00 0.00 Net Revenue 271.23 225.69 20.18% Raw Materials 166.10 134.76 Employee Cost 17.74 13.59 Other Cost 57.35 53.56 Total Expenditure 241.20 201.91 EBITDA 30.02 23.78 26.26%
Slide 28: Balance Sheet as on 31st March 2022
Balance Sheet as on 31st March 2022 Rs. Cr As on 31st Mar ‘22 As on 30th Sep ’22 Rs. Cr As on 31st Mar ’22 As on 30th Sep ’22 Equity 139.01 149.11 Non-current Assets 134.64 136.01 Property, Plant and Equipment 115.18 115.63 Equity Share Capital 17.73 17.73 Capital work in progress 2.42 3.12 R&S 121.
Slide 29: Key Ratios
Key Ratios RoE (%) RoA (%) 12.2% 6.1% 8.1% 3.9% 5.1% 5.8% 2.6% 2.6% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 RoCE (%) Net Debt/Equity (x) 0.57 14.9% 0.51 0.51 12.7% 0.47 8.3% 8.5% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Preferential issue of 1,75,000 equity shares during Q4 FY19 RoA = Net Profit/Tota
Slide 30: Way Ahead
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Slide 31: Way Ahead....
Way Ahead.... Geographical Diversification 01 Expand in Geographically strategic locations of India Continue to focus on export opportunities and increase export contribution in revenues New Product Development 02 Continued focus to keep adding new products in basket of products Develop Valu
Slide 32: Thank You
Thank You For further information, please contact: Pritika Auto Industries Limited. Adfactors PR Ms. Nisha Saini Mr. Amit Sharma EA to MD amit.sharma@adfactorspr.com nisha@pritikagroup.com Mr. Rahul Trivedi rahul.trivedi@adfactorspr.com www.pritikagroup.com www.adfactorspr.com 32
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