Slide 1: Cover letter to stock exchanges
February 06, 2025 To, To, The Manager (Listing) The Manager (Listing) BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 533581 Scrip Symbol: PGEL Sub: Inve
Slide 2: PG Electroplast Company Update 3Q FY2025, Dec 2024
PG Electroplast Company Update 3Q FY2025, Dec 2024
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus, Offering circular or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation from the basis of,
Slide 4: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 3
Slide 5: About PG Electroplast
About PG Electroplast ▪PG Electroplast Limited (PGEL) is the flagship company of PG Group, which had started its journey in 1977. PG Electroplast, formally set up in 2003, and is a leading, diversified Indian Electronic Manufacturing Services provider. ▪PGEL specializes in Original Design Manufactur
Slide 6: Industries Served
Industries Served Air Washing LED Air Coolers Automotive Bathroom Consumer Conditioners Machines Televisions Components Fittings Electronics 5
Slide 7: Key Financials
• The Company has grown more than 10x in Eight years from a revenue of INR 263 Key Financials crores in 2015-16, to INR 2747 crores in 2023-2024 at a 34% CAGR with the EBITDA increasing at a 38% CAGR. • Over the past eight years, the company has done a cumulative Capital Expenditure of over INR 800
Slide 8: Our Business Verticals
Our Business Verticals Operating Revenue Breakup Across Verticals Products Plastic Moulding and Figures in INR Crores 3000 Others 2747 11.6 Consumer Durables Products • Indoor Units Sanitaryware 2500 Plastic & Others 373 Room Air • Outdoor Units Conditioners • Window Units Automotive Electronics 216
Slide 9: Key Clients
Key Clients - . @ : ° @atomberg SCEF anua AMSTIAD Smith oom, ASTRAL [EMER Bajaj Electricals Ltd. @ GED Olided CrOMA Crompton PpasKIN Flipkart Foxconn GY | Haier | © Honeywell HYUNDAI JABIL Jaguar HAVELLS Ketviztntor € KOHLER. LAVA. @ LG e Lumax™ motherson all orient RBSIEE Refncedigital Seleamp s/SA
Slide 10: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 9
Slide 11: Summary of Consolidated Results
Particulars Q3 Q3 % 9M 9M % (INR Crores) FY2024 FY2025 Change FY2024 FY2025 Change Sales 531.88 967.69 81.9% 1669.92 2959.67 77.2% CORM 423.80 759.29 79.2% 1344.21 2364.77 75.9% % of Sales 79.7% 78.5% 80.5% 79.9% Gross Contribution 108.08 208.40 92.8% 325.71 594.90 82.6% Summary of % of Sales 20.3%
Slide 12: Expenditure Analysis
Expenditure Analysis Particulars Q3 Q3 9M 9M Change % Change % (As a % of Operating Revenues) FY2024 FY2025 FY2024 FY2025 Cost of Raw Material (CoRM) 79.68% 78.46% -1.22% 80.50% 79.90% -0.60% Employee Expenses 7.42% 6.89% -0.54% 6.66% 6.06% -0.60% Finance Cost 1.83% 2.32% 0. 49% 2.15% 1.88% -0.27% D
Slide 13: Balance Sheet
Balance Sheet Particulars (INR Crores) 31st Dec’23 31st Dec’24 31st Mar’24 Net Fixed Assets A 547.66 830.49 711.88 Right-of-use-Assets B 40.27 92.28 69.45 Other Non-current Asset C 154.17 312.72 120.89 Cash & Bank Balance D 163.52 1,170.66 182.42 Current Assets Trade Receivables i 295.76 747.00 553.
Slide 14: Key Ratios
Key Ratios Particulars 31st Dec’23 31st Dec’24 31st Mar’24 Net Fixed Assets 587.92 922.77 781.33 Fixed Asset Turns 4.45 5.34 4.05 Fixed Asset Turns Revenues/Average Net Fixed Assets Receivables 295.76 747.00 553.03 Average Receivables Days 39.77 47.14 65.84 Average Receivables Days (Average Receivab
Slide 15: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 14
Slide 16: Major Highlights of 9MFY25
• 9MFY2025 has been a robust growth period as Consolidated Revenues grew 77.2% and closed at INR 2959.67 crores for the company. • The Product business contributed 68% of the total revenues in 9MFY2025. Room AC business at INR 1636 crores grew 154% during the period while the Washing Machines busine
Slide 17: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 16
Slide 18: Industry Outlook
Industry Outlook The Rapid rate of urbanization, Low penetration levels, falling Government reforms such as growth of young population with prices of durables and electronics Digital India, Make in India, Power rising income levels is leading to and changing lifestyle of the for all and Jan Dhan-Aad
Slide 19: Future Growth Strategy
Future Growth Strategy • Washing Machines Company foresees large • Room Air conditioner opportunities in plastic • Refrigerators moulding and in consumer durables like: • Ceiling Fans • Sanitaryware products • Air coolers Opportunities in the ODM • Washing machines space for products like: • Room Ai
Slide 20: Future Outlook
Gradual improvement in margins due to better operational efficiencies and Future Outlook higher operating leverage Improving • Product business to drive profitability and growth for the company higher cash- flows, will lead to better capital • Company is developing new efficiency and stronger balanc
Slide 21: Guidance for FY25
Guidance for ▪ For PGEL Consolidated Revenue guidance is of at least INR 4550 crores which is a growth of 65.7% over FY2024 FY25 Revenues of INR 2746.5 crores. This is despite TV business revenues shifting to JV company Goodworth Electronics Ltd. ▪ For Goodworth, Revenues we expect at INR 550 crores
Slide 22: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 21
Slide 23: Profit & Loss Statement
Profit & Loss Statement Figures in INR Crores FY18 FY19 FY20 FY21 FY22 FY23 FY24 Operating Revenues 399.4 508.4 639.4 703.2 1111.6 2159.9 2746.5 Growth (%) 9.0% 27.3% 25.8% 10.0% 58.1% 94.3% 27.2% Expenditure Increase/Decrease in Stock -10.9 -4.1 -7.0 3.2 -29.1 -28.3 -72.7 Raw Material Consumed 320.
Slide 24: Balance Sheet
Balance Sheet (Figures in INR crores) As on 31st March As on 31st March A. EQUITY AND B. ASSETS LIABILITIES 2018 2019 2020 2021 2022 2023 2024 2018 2019 2020 2021 2022 2023 2024 (a) Share capital 16.4 18.7 19.5 19.7 21.2 22.7 26.0 (a) Fixed assets 178.5 192.1 253.2 273.1 441.0 577.8 784.7 (b) Capita
Slide 25: Thank You!
Thank You! We look forward to working with you!