Pritika Auto Industries Ltd · NSE:PRITIKAUTO
Pritika Auto Industries — H1 FY24 Earnings Presentation
31 slides from Pritika Auto Industries's earnings presentation, Nov 10, 2023
Slide 1: Pritika Auto Industries Limited Result Update Presentation Q2 & H1 FY24
Pritika Auto Industries Limited Result Update Presentation Q2 & H1 FY24
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 (Q2 FY24) Pritika Auto Industries is among leading manufacturers of machined castings in India Company manufactures components for tractors and commercial vehicles Operating Revenue Total consolidated capacity of over 50,000 tons / annum,
Slide 4: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights
Slide 5: Chairman’s Message
Chairman’s Message “During a challenging quarter marked by a persistently subdued tractor market, our steadfast commitment to resilience has allowed us to maintain stability despite industry headwinds. The decline in overall revenue year- over-year mirrors the wider trend within the tractor industry
Slide 6: Quarterly Financial Highlights – Q2 FY24
Quarterly Financial Highlights – Q2 FY24 Production Volume (TPA) Revenue (Rs. Cr) 11,072 10,504 9,929 9,988 100.0 94.7 93.7 7,558 88.2 77.8 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 EBITDA (Rs. Cr) / Margin (%) 14 12.9 20% 12.0 12.2 12 16% 10 8.4 8.9 8 12% 12.9%
Slide 7: Annual Financial Highlights – FY23
Annual Financial Highlights – FY23 Production Volumes (Tons) Revenue (Rs. Cr) 362.0 39,116 31,206 32,353 271.2 225.7 188.4 20492 FY21 FY22 FY23 H1 FY24 FY21 FY22 FY23 H1 FY24 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 45 13% 16% 5.3% 18 5.3% 6% 40 11.1% 11.47% 15 4.3% 5% 35 10.5% 12% 30
Slide 8: Quarterly Financial Highlights – Q2 FY24
Quarterly Financial Highlights – Q2 FY24 Rs. Cr Q2 FY24 Q2 FY23 Y-o-Y Q1 FY24 Total Income from operations 93.70 100.04 94.72 Other Operating revenue 0.00 0.00 0.00 Net Revenue 93.70 100.04 (6.34%) 94.72 Raw Materials 58.08 63.45 59.91 Employee Cost 5.81 5.36 5.25 Other Cost 17.59 18.39 17.55 Total
Slide 9: Half Yearly Financial Highlights – H1 FY24
Half Yearly Financial Highlights – H1 FY24 Rs. Cr H1 FY24 H1 FY23 YoY% Total Income from operations 188.42 196.05 Other Operating Income 0.00 0.00 Net Revenue 188.42 196.05 (3.89%) Raw Materials 117.99 126.53 Employee Cost 11.07 10.21 Other Cost 35.14 35.10 Total Expenditure 164.20 171.85 EBITDA 24.
Slide 10: Balance Sheet as on 30th September 2023
Balance Sheet as on 30th September 2023 Rs. Cr As on 30th Sep ‘23 As on 31st March ‘23 Rs. Cr As on 30th Sep 23 As on 31st March ‘23 Equity 180.06 169.70 Non-current Assets 162.36 145.08 Equity Share Capital 17.73 17.73 Property, Plant and Equipment 120.57 118.22 R&S 151.05 143.57 Capital work in pr
Slide 11: 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 12: Company Overview
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Slide 13: About Us
About Us Leading manufacturer of tractor components in India About five decades of experience in Tractor/Auto Component manufacturing Diversified Portfolio Modern Manufacturing Facilities Axle Housings, Wheel Housings, Punjab and Himachal Pradesh Hydraulic Lift Housings, End Cover, Total ins
Slide 14: 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 14
Slide 15: Journey So Far…
Journey So Far… 2019-24 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 16: 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 17: ... 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 18: Business Overview
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Slide 19: Diverse Product Offerings
Diverse Product Offerings Rear Axle Housings 19
Slide 20: Diverse Product Offerings
Diverse Product Offerings Hydraulic Lift Covers/ Housing Differential Case Clutch & Fly Wheel Engine Covers Plate Diff. Carriers Bull Cages Housings 20
Slide 21: Diverse Product Offerings
Diverse Product Offerings Wheel Hubs Front Engine/Axle Support Crank Case, Cylinder Blocks & Cam Shafts Brake Housings, End Covers & Actuating Disc 21
Slide 22: 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 22
Slide 23: Wide Application of Products
Wide Application of Products 23
Slide 24: 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 25: 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 26: 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 27: Way Ahead
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Slide 28: 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 29: 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 70% of Pritika Engineering Components Limited is held by to cater wider
Slide 30: 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 30
Slide 31: 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 31
Pritika Auto Industries — H1 FY24 Earnings Presentation on 6ix