Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q3 FY25 Earnings Presentation
56 slides from Gabriel India's earnings presentation, Jan 29, 2025
Slide 1: Regulation 30 disclosure cover letter to exchanges
Date: January 29, 2025 BSE Limited National Stock Exchange of India Limited 25th Floor, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), MUMBAI – 400 001 MUMBAI – 400 051 (Company Code: 505714) (Company Code: GABRIEL) Sub: Disclosure under Regulation 30(2) of SEBI (Listi
Slide 2: Gabriel India Ltd. Investor Presentation January 2025
Gabriel India Ltd. Investor Presentation January 2025 Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 1
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form th
Slide 4: Table of Contents
TABLE OF CONTENTS 1 Q3 & 9M FY25 Result Update 2 Corporate Overview 3 Business Overview 4 Strategy Going Forward Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 3
Slide 5: Q3 & 9M FY25 Result Update
Q3 & 9M FY25 Result Update Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 4
Slide 6: Financial Highlights – Q3 FY25
FINANCIAL HIGHLIGHTS – Q3 FY25 Q3 FY25 Revenue EBITDA PBT Rs. 794 Mn Rs. 708 Mn Rs. 9,242 Mn 8.6% 7.7% Q2 FY25 Rs. 9,240 Mn Q2 FY25 Rs. 804 Mn / 8.7% Q2 FY25 Rs. 700 Mn / 7.6% Q3 FY24 Rs. 8,138 Mn Q3 FY24 Rs. 720 Mn / 8.8% Q3 FY24 Rs. 593 Mn / 7.3% Note: EBITDA computed based on operating income & o
Slide 7: Financial Highlights – Q3 FY25
FINANCIAL HIGHLIGHTS – Q3 FY25 Revenue EBITDA PBT Rs. 9,242 Mn Rs. 794 Mn [8.6%] Rs. 708 Mn [7.7%] Q2 FY 25 : 9,240 Mn [+0.02%] Q2 FY 25 : 804 Mn [-1.3%] Q2 FY 25 : 700 Mn [+1.1%] Q3 FY 24 : 8,138 Mn [+13.6%] Q3 FY 24 : 720 Mn [+10.3%] Q3 FY 24 : 593 Mn [+19.3%] Balance Sheet Cash Flow Capex Net Cas
Slide 8: Financial Highlights – 9M FY25
FINANCIAL HIGHLIGHTS – 9M FY25 Revenue EBITDA PBT Rs. 27,124 Mn Rs. 2,374 Mn [8.8%] Rs. 2,099 Mn [7.7%] 9M FY 24 : 24,840 Mn [+9.2%] 9M FY 24 : 2,162 Mn [+9.8%] 9M FY 24 : 1,800 Mn [+16.6%] Balance Sheet Cash Flow Capex Net Cash position of Rs. 2,960 Mn Cash Flow from operations to the Capex incurre
Slide 9: Financial Track Record
FINANCIAL TRACK RECORD P&L (Rs. Mn) Q3 FY25 Q3 FY24 YoY Q2 FY25 QoQ FY24 FY23 YoY Revenue from Operations 9,242 8,138 13.6% 9,240 0.02% 33,426 29,717 12.5% Gross Margin (%) 25.1% 25.5% -0.4% 25.2% -0.1% 25.1% 23.7% 1.4% EBITDA Margin (%) 8.6% 8.8% -0.2% 8.7% -0.1% 8.8% 7.2% 1.6% Net Margin (%) 5.8%
Slide 10: Quarterly Performance Trend
QUARTERLY PERFORMANCE TREND Revenue (Mn) Margins 9.0% 9.0% 8.6% 8.7% 8.8% 8.7% 8.6% 8.1% 7.7% 7.4% 33,426 7.0% 7.3% 7.1% 7.2% 7.1% 6.9% 5.9% 5.8% 6.7% 5.5% 5.1% 5.4% 6.1% 29,717 4.6% 5.3% 8,586 3.9% 5.7% 4.6% 4.6% 5.3% 5.0% 4.2% 4.2% 4.1% 4.5% 7,370 2.7% 23,320 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3F
Slide 11: Financial Track Record
FINANCIAL TRACK RECORD Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT 33,426 3,500 8.8% 8.8% 10.0% 1578 29,717 27,124 1852 3,000 7.2% 23,320 2,374 8.0% 2,500 6.0% 6.3% 2,930 16,948 2,137 6.0% 1,324 2,000 1,459 1,500 4.0% 895 +18.5% 1,025 1,000 +32.4% 2.0% 603 500 - 0.0% FY21 FY22 FY23 FY24 9
Slide 12: Key Ratios
KEY RATIOS Return on Equity (%) Return on Assets (%) Fixed Asset Turnover (x) 12.4 19.4 9.3 11.5 7.3 15.2 18.4 7.2 6.6 5.7 6.6 11.7 6.0 8.7 4.4 FY21 FY22 FY23 FY24 9M FY25 FY21 FY22 FY23 FY24 9M FY25 FY21 FY22 FY23 FY24 9M FY25 Current Ratio (x) Debt : Equity Ratio Dividend (Rs/share) & Pay-out (%)
Slide 13: Revenue Mix (Inc. Trading)
REVENUE MIX (INC. TRADING) Segment Mix Channel Mix Aftermarket 2% 2% 2% 2% 2% 2% 2% 15% 14% 13% 13% 14% 12% 12% 12% 12% 12% 12% 12% 12% 10% 11% 12% 12% 10% 10% 16% 13% 9% 8% 10% 10% 10% 8% 7% 21% 22% 23% 24% 23% 25% 24% 35% 36% 37% 36% 37% 34% 36% 85% 86% 87% 87% 86% 88% 88% 67% 65% 63% 65% 64% 61%
Slide 14: Balance Sheet
BALANCE SHEET Assets (Rs. Mn.) Dec-24 Mar-24 Mar-23 Equity and Liabilities Dec-24 Mar-24 Mar-23 (Rs. Mn.) Non-current assets 5,939 5,577 4,857 Equity 11,043 10,086 8,703 Current assets 11,377 10,543 9,423 Non-Current Liabilities 305 356 384 Current liabilities 5,968 5,678 5,193 Total Assets 17,316 1
Slide 15: Cash Flows
CASH FLOWS Cash Flow from Operations (Rs. Mn) Cash Flow used in Investing (Rs. Mn) Cash Flow used in Financing (Rs. Mn) 2,039 636 1889 1,701 523 1,364 950 1,197 337 1,117 1,038 217 241 428 441 FY 21 FY 22 FY23 FY24 9M FY25 FY 21 FY 22 FY23 FY24 9M FY25 FY 21 FY 22 FY23 FY24 9M FY25 3,500 80 6,500 15
Slide 16: Vision 2025
VISION 2025 Exports Domestic Dominance Mergers & Acquisitions Technology Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 15
Slide 17: Our Strategic Business Drivers: Exports
OUR STRATEGIC BUSINESS DRIVERS Exports Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 16
Slide 18: Creating Global Presence Through Exports
CREATING GLOBAL PRESENCE THROUGH EXPORTS Export Sales - Quarter 316 321 Leveraging 303 290 286 Resource in Europe for Export order from DAF 276 285 relationship with exploring Netherlands 251 228 218 237 232 234 Global OEMs in India opportunities in 204 196 to penetrate their Overseas Markets
Slide 19: Our Strategic Business Drivers: Domestic Dominance
OUR STRATEGIC BUSINESS DRIVERS Domestic Dominance Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 18
Slide 20: YTD Segment Performance – 2W&3W (Incl. AM)
YTD SEGMENT PERFORMANCE – 2W&3W (INCL. AM) Performance • 9M FY25 vs 9M FY24 sales value growth was 13.02%. This growth was contributed by good sales performance in OLA and TVS where we have high SOB. Recent Launches • TVS Apache 160 4V 64% % to Total Sales 30% Market Share • TVS Max King (3W EV) • T
Slide 21: Well-Entrenched Amongst All 2W/3W EV Players
GABRIEL INDIA LTD: WELL– ENTRENCHED AMONGST ALL 2W/3W EV PLAYERS Top EV Manufacturers GIL Presence 1. Bajaj Auto 2. TVS Motor Co 3. Ola Electric 4. Ather Energy 5. Greaves Electric 6. BGauss Auto 7. Pur Energy Source: smev.in/fy-24-25 13% 23% 103% GIL Market Share GIL growth - EV-2W Q3 GIL growth -
Slide 22: E-Bike Fork Business
E-BIKE FORK BUSINESS MTB Front fork Product Baskets in Development Highlights 1. Developed two products in the segment 2. Hired product technology consultant to work on advance bicycle suspension. 3. Hired a business consultant in Europe for Sales and Business Development of the 2. Mountain Bicycles
Slide 23: YTD Segment Performance – Passenger Vehicles (Incl. AM)
YTD SEGMENT PERFORMANCE – PASSENGER VEHICLES(INCL. AM) Performance • 9M FY25 vs 9M FY24 sales value growth was 4.2%. This growth 24% % to Total Sales 24% Market Share was contributed by good sales performance in MSIL and Skoda where we have high SOB. Market Update • As per SIAM data, the sale of Pas
Slide 24: Gabriel Presence: Utility Vehicles / SUV-Coupe
GABRIEL PRESENCE: UTILITY VEHICLES/ SUV-COUPE • Manufacturing Facility: Chakan & Khandsa • R&D Centre: Pune • Product Portfolio: McPherson struts, Gas Chock Absorbers, Volkswagen Taigun Skoda Kushaq Tata Curvv ICE/ EV Steering Dampers • Commenced the technology of FSD (Frequency Selective Damping) &
Slide 25: YTD Segment Performance – Commercial Vehicles
YTD SEGMENT PERFORMANCE – COMMERCIAL VEHICLES (INCL. AM & RAILWAYS) Performance 11% % to Total Sales 88% Market Share • CV segment degrew by 6.6% over the same period last year. New Program Mahindra – UPP E1 , TML – Prima Axle damper, Coral , TVS – 4W, Pinnacle E Mobility Market Update • As per SIAM
Slide 26: Gabriel Presence – Railways
GABRIEL PRESENCE- RAILWAYS 2024 2007 2022 2016 2019 1978 2021 Conventional Coach EMU Coach LHB Coach Train 18 Coach Electric Locomotive Vande Bharat Coach Siemens E Loco Shox – 2 Variant Shox – 8 Variant Shox – 6 Variant Shox – 4 Variant Shox – 4 Variant Shox – 4 Variant Shox – 4 Variant 4 Nos / Coa
Slide 27: Aftermarket
AFTERMARKET Strong Brand Extensive Distribution Recent Widest Presence Through Equity Network Highlights Product Range Allied Products • Brand “Gabriel” • 10 CFA locations & 700+ • Achieved 11% growth over Q3 • Only Company present in all • Leveraging Brand 23-24. Sale Q3 (24-25) – 1155 the segments
Slide 28: Our Strategic Business Drivers: Merger & Acquisition
OUR STRATEGIC BUSINESS DRIVERS Merger & Acquisition Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 27
Slide 29: IGSSPL Plant
IGSSPL PLANT Plant Location Assembly Line PU Line Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 28
Slide 30: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Mn) Q3 FY25 Q3 FY24 Q2 FY25 Consolidated P&L Revenue from Operations 10,166 8,154 10,271 Raw Material 7,557 6,076 7,603 Raw Material % to Sales 74.3% 74.5% 74.0% Employee Expenses 652 526 644 Employee Expenses % to Sales 6.4% 6.4% 6.3% Other Expe
Slide 31: Our Strategic Business Drivers: Technology
OUR STRATEGIC BUSINESS DRIVERS Technology Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 30
Slide 32: Gabriel Europe Engineering Centre (GEEC)
GABRIEL EUROPE ENGINEERING CENTRE (GEEC) • Competence Centre for knowledge transfer and training • Centre of Excellence aiming to become Best in Class on Global Suspension Market • Joint development of Gabriel Next Generation Technologies with GIL R&D and global external partners • Located at Thor P
Slide 33: Gabriel Pune Tech Centre: IGBC Certified Green Building
GABRIEL PUNE TECH CENTRE: “IGBC” CERTIFIED GREEN BUILDING Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 32
Slide 34: Gabriel Tech Centre: Powering Our Future, Driving Possibilities
GABRIEL TECH CENTRE: POWERING OUR FUTURE, DRIVING POSSIBILITIES In-house facility for customers for ride tuning of vehicles Advanced damper technology for the enhanced user experience CO2 footprint reduction through product light weighting and use of green technologies Virtual analysis for s
Slide 35: Achieving Engineering Excellence
ACHIEVING ENGINEERING EXCELLENCE Laser Welding Technology, Friction Designed & Developed Remote Welding Technology, Water based Canister Shock Absorber Autophoretic Paint System Adjustable Electronic-Hydraulic Shock Absorbers with Shock Absorber for a leading SUV Floating Piston vehicle in Aftermark
Slide 36: R&D, Innovation and Technology: Essential Components for Strategic Evolution
R&D, INNOVATION AND TECHNOLOGY: ESSENTIAL COMPONENTS FOR STRATEGIC EVOLUTION At Gabriel India, our constant endeavors towards investing in R&D, innovation and technology are considered integral to our continuous improvement process. Our R&D technology centres at Hosur and Chakan ( recently launched)
Slide 37: CORE 90 Cost Reduction Drive
CORE 90 (COST REDUCTION IN 90 DAYS) CORE 90 COST REDUCTION DRIVE Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 36
Slide 38: Awards & Accolades
Awards & Accolades Supplier of the Year and Quality Achievement (10 PPM) “Super Platinum” Quality Award received from Bajaj Auto Award by DAF PACCAR Inc Limited 37
Slide 39: Awards & Accolades
Awards & Accolades Quality Excellence Award by Tata Motors 38
Slide 40: Corporate Overview
Corporate Overview Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 39
Slide 41: Gabriel at a Glance
GABRIEL AT A GLANCE Corporate Profile • Incorporated in 1961 • Pioneer of Ride Control Products in India with state-of-the-art integrated operations • Strong R&D focus, employing 72 specialists, highest in the industry • Experienced, professional management team and Board of Directors • Marquee clie
Slide 42: Strategic Manufacturing Footprint
STRATEGIC MANUFACTURING FOOTPRINT Khandsa - PC Parwanoo - 2W,CV,AM Dewas - CV,3W Sanand – 2W Nashik – 2W GIL Plants Chakan – PC,CV,3W GIL Satellite Locations IGSSPL Plant IGSSPL Chennai – 4W *Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representati
Slide 43: Strategic Manufacturing Footprint
STRATEGIC MANUFACTURING FOOTPRINT Sanand 2023 Chakan Tata Motors, HMSI, Volkswagen, M&M, Toyota, Tata Motors, Bajaj 1997 2010/ Auto, Piaggio, DAF & Indian Railways . 2019 IGSSPL, Chennai Hyundai, Kia, Hyundai Dewas Hosur Tata Motors, M&M, 1992 TVS, HMSI, Royal 1997 Daimler, Force Motors, Enfield, Ya
Slide 44: Competitive Advantages
COMPETITIVE ADVANTAGES Strong Parentage of Anand Group Quality at Competitive Price • Flagship company of ANAND Group, a one-stop • 8 state-of-the-art facilities & 3 satellite plants in solution provider for customers proximity to OEMs ensures just-in-time supply as per • Leverage partnerships, syst
Slide 45: Relationships with Marquee OEM Customer Base
RELATIONSHIPS WITH MARQUEE OEM CUSTOMER BASE 2/3 Wheelers Passenger Cars CV & Railways Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 44
Slide 46: Safety Focus
SAFETY FOCUS Collaboration for training with British Safety Council Dexterity Centre for induction training App Based abnormality reporting Online work permit monitoring Safety House Standardization: Communication Training & Skill Continual Technology R&R and Consequence Development Improvem
Slide 47: Human Resources
HUMAN RESOURCES In-depth sectoral knowhow Mar’ Mar' Mar’ Mar’ Key Metrics Seasoned Resources 24 23 22 21 Revenue per employee 0.72 0.66 0.61 0.43 (Rs Cr) Strong employee Average employee experience 8.0 8.0 8.0 9.0 connect (person years) Investment in training programmes 2.48 1.94 1.05 0.42 Partnersh
Slide 48: Great Place to Work – Five Consecutive Years
“GREAT PLACE TO WORK” – FIVE CONSECUTIVE YEARS 2019 • Rank #90 among Top 100 Companies to work for in India 2018 • Rank #89 among Top 100 Companies to work for in India 2017 • Ranked in Top 25 workplaces in • Ranked #2 in Auto & Auto manufacturing in India Component Industry • Rank #52 among Top 100
Slide 49: Sustainability Mission
SUSTAINABILITY MISSION CUSTOMER VALUE Mission TO BE CARBON & WATER NEUTRAL BY 2025 WITH ZERO WASTE TO LANDFILL Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 48
Slide 50: Sustainability
SUSTAINABILITY Reduction in Carbon Footprint 45 0.89 42.7 40 36.0 35.3 0.90 0.78 33.9 35 31.3 31.2 28.1 0.80 30 26.2 26.7 CUSTOMER 0.65 24.9 0.66 25 0.70 VALUE 21.7 21.5 19.5 20.0 20 17.3 15.6 14.1 15.5 13.5 0.49 0.60 0.54 15 0.48 0.47 12.9 0.48 23.4 0.46 15.4 0.50 0.50 10 13.4 12.5 13.3 0.37 12.8 5
Slide 51: Sustainability Report Launch
SUSTAINABILITY REPORT LAUNCH GABRIEL Launched its Second ‘Sustainability Report’ for 2023-24 Pillar Focus Area Ambition Governing Cyber Security By 2024, all sites to be ISO 27001 certified Integrity Ethical Business By 2024, train all employees on Human Rights issues. conduct Abating Waste Manageme
Slide 52: Biodiversity Assessment Report
Biodiversity Assessment Report Driving Sustainability: Gabriel India's Commitment to Biodiversity and Beyond Gabriel India Limited has completed biodiversity assessments at its Chakan and Dewas plants, identifying a diverse range of flora, birds, and fauna. The Chakan plant recorded 143 plant specie
Slide 53: CSR Initiatives 2023-24
CSR INITIATIVES 2023-24 Focus Parwanoo Gurugram Rewari Jawai Dewas Nashik Hosur Area Provide scholarships - - Engage with 09 govt. Engage with 4 govt. Engage with 10 govt. Engage with 02 govt. to ten girls to schools (1K+ schools (400 students) schools (800 students) to schools (300 continue their s
Slide 54: Board of Directors
BOARD OF DIRECTORS Anjali Singh Mahendra K Goyal Jagdish Kumar Atul Jaggi Executive Chairperson Group President & Group CEO Group President & Group CFO Managing Director Gabriel India ANAND Group ANAND Group Gabriel India Mahua Acharya Matangi Gowrishankar Pallavi Joshi Bakhru BVR Subbu Non-Executiv
Slide 55: Executive Leadership
EXECUTIVE LEADERSHIP Atul Jaggi Managing Director Amitabh Srivastava Rishi Luharuka Vinod Razdan Koen Reybrouck Anand Sontakke R. Vasudevan Prashant Shah Abdul Wahid Chief Operating Officer, Chief Financial Officer, Chief Human Chief Technical Chief Operating Officer Chief Marketing Officer Chief Pu
Slide 56: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Nilesh Jain Mr. Jigar Kavaiya / Pratik Shah secretarial@gabriel.co.in jigar.kavaiya@sgapl.net / p.s.shah