Pritika Auto Industries Ltd · NSE:PRITIKAUTO
Pritika Auto Industries — Q4 FY23 Earnings Presentation
32 slides from Pritika Auto Industries's earnings presentation, May 22, 2023
Slide 1: Result Update Presentation Q4 & FY23
Pritika Auto Industries Limited Result Update Presentation Q4 & 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 (FY23) ▪ 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 consolidated capacity of over 5
Slide 4: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights
Slide 5: Chairman's Message
Chairman’s Message ““The Company’s performance in the Fourth quarter has been in line with expectations, given the sharp fluctuations in raw material price. We have reported quarterly volumes of 9,929 tons in Q4 FY23, reflecting a 68.72% Y-o-Y increase, driven by continued growth in the tractor and
Slide 6: 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 7: Quarterly Financial Highlights – Q4 FY23
Quarterly Financial Highlights – Q4 FY23 Production Volume (TPA) Revenue (Rs. Cr) 10,557 11,072 9,929 96.0 100.0 7,558 88.2 77.8 5,885 57.0 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 EBITDA (Rs. Cr) / Margin (%) 14 12.9 20% 12 11.4 7.1 16% 10 8.9 8.4 8 12% 12.5%
Slide 8: Annual Financial Highlights – FY23
Annual Financial Highlights – FY23 Production Volumes (Tons) Revenue (Rs. Cr) 362.0 39,116 31,206 32,353 271.2 26,257 225.7 168.0 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 45 11.47% 16% 5.3% 18 4.3% 6% 40 12.5% 41.5 35 10.5% 11.1% 12% 15 5% 30 12
Slide 9: Quarterly Financial Highlights
Quarterly Financial Highlights Rs. Cr Q4 FY23 Q4 FY22 Y-o-Y Q3 FY23 Total Income from operations 88.1648 56.99 77.82 Other Operating revenue 0.00 0.00 0.00 Net Revenue 88.16 56.99 54.68% 77.82 Raw Materials 56.40 34.36 50.16 Employee Cost 5.38 4.83 4.99 Other Cost 17.47 10.68 14.25 Total Expenditure
Slide 10: Annual Financial Highlights – FY23
Annual Financial Highlights – FY23 Rs. Cr FY23 FY22 YoY% Total Income from operations 362.03 271.23 Other Operating Income 0.00 0.00 Net Revenue 362.03 271.23 33.48% Raw Materials 233.09 166.10 Employee Cost 20.58 17.74 Other Cost 66.83 57.35 Total Expenditure 320.50 241.20 EBITDA 41.53 30.02 38.33%
Slide 11: Balance Sheet as on 31st March 2023
Balance Sheet as on 31st March 2023 Rs. Cr As on 31st Mar ‘22 As on 31st March ‘23 Rs. Cr As on 31st Mar 22 As on 31st March ‘23 Equity 139.01 169.70 Non-current Assets 134.64 145.08 Equity Share Capital 17.73 17.73 Property, Plant and Equipment 115.18 118.22 R&S 121.27 143.57 Capital work in progre
Slide 12: Key Ratios
Key Ratios RoE (%) RoA (%) 4.4% 8.1% 9.14% 3.9% 5.8% 5.1% 2.6% 2.6% FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 RoCE (%) Net Debt/Equity (x) 0.57 12.7% 0.51 0.51 0.47 11.70% 8.3% 8.5% FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Preferential issue of 1,60,000 equity shares during Q4 FY19 RoA = Net Profit/Tot
Slide 13: Company Overview
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Slide 14: 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 15: 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 15
Slide 16: Journey So Far…
Journey So Far… 2019-23 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 17: 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 18: ... 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 19: Business Overview
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Slide 20: Diverse Product Offerings
Diverse Product Offerings Rear Axle Housings 20
Slide 21: Diverse Product Offerings
Diverse Product Offerings Hydraulic Lift Covers/ Housing Differential Case Clutch & Fly Wheel Engine Covers Plate Diff. Carriers Bull Cages Housings 21
Slide 22: Diverse Product Offerings
Diverse Product Offerings Wheel Hubs Front Engine/Axle Support Crank Case, Cylinder Blocks & Cam Shafts Brake Housings, End Covers & Actuating Disc 22
Slide 23: 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 23
Slide 24: Wide Application of Products
Wide Application of Products 24
Slide 25: Key Customers
Key Customers PRITIKA Group of Industries Casting | Forging | Machining Smu ISU2U © ® Brakes India Private Limited swaRalJ easoaticd > ae © TAFE ¥ SWaRaJ ASHOK LEYLAND an Ae GD Se EICHER | mahinera € ESCORTS ga
Slide 26: 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 27: 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 28: Way Ahead
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Slide 29: 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 30: Pritika Engineering Components Ltd
Pritika Engineering Components Ltd Pritika Auto Industries Limited Established Player in Castings & Forgings for Tractor & Automotive OEM industry Pritika Engineering Components Limited Niche & Comprehensive Product Portfolio ▪ Wholly – owned subsidiary of Pritika Auto Industries Ltd, which to cater
Slide 31: Pritika Engineering Components Ltd
Pritika Engineering Components Ltd Pritika Engineering’s Product Portfolio Engine Axle Supports Covers Rear Axle Housings Front Engine Supports Crank Wheel Case Hubs Clutch housing & Fly Wheel Plate Differential Carrier housing 31
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. Rupesh Rege rupesh.rege@adfactorspr.com www.pritikagroup.com www.adfactorspr.com 32
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