Sterling Tools Limited · NSE:STERTOOLS
Sterling Tools — Q1 FY25 Earnings Presentation
26 slides from Sterling Tools's earnings presentation, Aug 13, 2024
Slide 1: ABHISHEK CHAWLA
Digitally signed by ABHISHEK CHAWLA DN: c=IN, st=Haryana, ABHISHEK 2.5.4.20=a299119baa0999f38488ec74a9814e9f61 2f049bc10c5ed07f0ab6af5ee520d5, postalCode=121002, street=NEARPRESCHOOLSECTOR88KheriKalan113 Faridabad, CHAWLA pseudonym=ab713916ffa746d4a779e97fb3bb421 1, serialNumber=54961b3c3cdc2561b173
Slide 2: Driving Transformation, Powering the Future
DRIVING TRANSFORMATION, POWERING THE FUTURE Sterling Tools Limited Investor Presentation August 2024
Slide 3: Table of Contents
TABLE OF CONTENTS Page No. 1 Q1 FY25 Business Highlights 04 2 Financial Highlights 09 3 Historical Financials 12 4 Annexure 16 DRIVING TRANSFORMATION, POWERING THE FUTURE
Slide 4: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and the accompanying slides (the "Presentation") have been prepared by Sterling Tools Ltd (the "Company") solely for informational purposes and do not constitute an offer, recommendation, or invitation to purchase or subscribe for any securities, and shall not
Slide 5: Q1 FY25 Business Highlights
QI FY25 Business Highlights ee alle “Dt =
Slide 6: Management Commentary
Management Commentary Commenting on the results and performance for Q1 FY25, Mr. Atul Aggarwal, Managing Director of Sterling Tools Ltd. said: “Total Income from our standalone business grew by 9.6% to Rs 162.9 crore on a YoY basis. The EBITDA has increased by 14.5% YoY and margins improved to 14.8%
Slide 7: Consolidated Financial Highlights
Consolidated Financial Highlights Rs. in Crs. Total Income Adjusted EBITDA# 283.7 12.4% 13.1% 222.8 REVENUE MIX Q1 FY25** 37.1 27.7 Q1FY24 Q1FY25 Q1 FY24 Q1 FY25 120.8 PBT before exceptional items PAT* 162.9 7.7% 8.4% 5.9% 6.5% 23.9 18.4 17.1 13.1 STL (Standalone) SGEM **Includes other income Q1 FY2
Slide 8: Standalone Financial Highlights
Standalone Financial Highlights Rs. in Crs. Total Income EBITDA 162.9 14.1% 14.8% 148.6 24.1 21.0 Comment • Revenue growth in Q1FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 versus Q1FY24 is primarily driven by good demand in two-wheeler business and PBT before exceptional items PAT* stable demand in passeng
Slide 9: Well Diversified Revenue Mix
Well Diversified Revenue Mix STL (Standalone) SGEM Channel-wise mix End-user segment-wise mix End-user segment-wise mix Q1 FY25 Q1 FY25 Q1 FY25 3% 11% 11% 7% 3% 26% 13% 20% 27% 86% 93% OEM PV Farm Equipment & Off Road 2W 3W & Others Exports 2W Retail Replacement CV Exports Note - 100% EV products su
Slide 10: Financial Highlights
S) FINANCIAL HIGHLIGHTS :e
Slide 11: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Rs. in Crs. Particulars (Rs Crs) Q1FY25 Q1FY24 YoY (%) Q4FY24 QoQ (%) FY24 Total Income 283.7 222.8 27.3% 271.0 4.7% 938.5 Cost of Goods Sold 149.7 116.8 145.2 492.4 Gross Profit 134.0 106.0 26.4% 125.8 6.5% 446.1 Gross Profit Margin 47.2% 47.6% 46.4% 47.5% Total
Slide 12: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Rs. in Crs. Particulars Q1 FY25 Q1 FY24 YoY (%) Q4 FY24 QoQ (%) FY24 Total Income 162.9 148.6 9.6% 167.0 -2.5% 613.7 Cost of Goods Sold 63.0 60.7 65.5 248.7 Gross Profit 100.0 87.9 13.7% 101.6 -1.6% 365.0 Gross Profit Margin 61.4% 59.2% 60.8% 59.5% Total Expenses 7
Slide 13: Historical Financials
STERLING GTAKE E-MOBILITY “ ° ano. suet HISTORICAL FINANCIALS
Slide 14: Consolidated Financial Highlights
Consolidated Financial Highlights Total Income Rs. in Crs. Adjusted EBITDA# 938.5 18.1% 18.1% 13.6% 13.0% 12.4% 774.9 116.3 512.6 100.4 370.5 358.5 67.1 64.8 69.6 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 PBT before exceptional items PAT* 9.7% 8.5% 6.8% 7.7% 7.7% 8.2% 6.6% 5.0% 6.2% 5.9% 71.
Slide 15: Standalone Financial Highlights
Standalone Financial Highlights Rs. in Crs. Total Income EBITDA 603.5 613.7 18.2% 18.9% 15.4% 15.3% 14.8% 474.6 92.3 90.6 370.3 358.1 73.3 67.5 67.5 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 PBT before exceptional items PAT* 10.0% 9.4% 8.4% 8.8% 8.4% 7.8% 6.8% 6.3% 6.9% 6.3% 53.3 51.7 41.4 3
Slide 16: Key Ratios
Key Ratios Debt / Equity (x) Current Ratio (x) Networth (Rs. Cr.) Net Fixed Asset Turnover (x) STANDALONE 0.34 2.70 431.6 2.39 0.31 0.31 401.4 2.23 2.25 363.1 2.05 2.01 1.92 308.7 334.6 1.76 0.23 1.43 1.45 0.17 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22
Slide 17: Annexure
STERLING GTAKE E-MOBILITY ANNEXURE
Slide 18: At A Glance
At A Glance Sterling Tools Limited (STL) is a premier manufacturer 1 of cold forged, hi-tensile fasteners and supplies to all major auto OEMs STL’s state of the art manufacturing facilities to 2 provide reliable and high-quality products STERLING GROUP One of the leading Auto Component Player with a
Slide 19: History & Milestones
History & Milestones 2023 - 2024 ▪ SGEM secured 2020 - 2022 business from 20 customers ▪ Capacity Expansion ▪ Diversification into 1999 - 2019 to 6,00,000 EV Components – units/pa initiated through 100% ▪ Second Plant - Wire subsidiary Sterling ▪ Signed MoU with 1982 - 1999 Gtake E-Mobility Yongin E
Slide 20: Product Portfolio
Product Portfolio Wide Range Competitive Preferred supplier Quality & Reliability Certified Products Applications Pricing to OEM BRAND ADVANTAGE (STANDALONE) STANDARDS INDIAN AMERICAN AXLE BOLTS ENGINE BOLTS SPECIAL FASTENERS STANDARDS STANDARDS STL GERMAN JAPANESE BRITISH STANDARD BOLTS WHEEL BOLTS
Slide 21: Key Clientele – STL (Standalone)
Key Clientele – STL (Standalone) Passenger Wheelers Vehicles Two Commercial Vehicles Construction Exports STRONGHOLD Equipment Tier - 1 Farm Aftermarket: Strong Pan-India presence with 100+ Distributors DRIVING TRANSFORMATION, POWERING THE FUTURE 20
Slide 22: Pan India Presence
Pan India Presence STL (STANDALONE) 4 Manufacturing Plants • Faridabad • Ballabhgarh • Palwal • Bangalore 18 Warehouses at 14 Locations SGEM 1 Manufacturing Plant • Faridabad 2 Tech Centres • Faridabad • Bangalore Note – Maps not to scale. All data, information, and maps are provided “as is” without
Slide 23: Our Key Strengths
Our Key Strengths To partner and First Mover Leading player in Sustainable growth Team Credibility explore possible Advantage in EV the automotive and profitability synergies Component fastener segment To explore growth SGEM is a pioneer in We are second largest Four decades of The Company is opport
Slide 24: Board Of Directors
Board Of Directors Mr. Anil Aggarwal, Chairman & Whole Time Director Mr. Atul Aggarwal, Managing Director 38+ years of experience, Expertise in 34+ years of experience, Expertise in Marketing, Manufacturing, Project Mgmt, Administration, Banking, Finance, Corporate Affairs, Information Product and P
Slide 25: Annual Results
Annual Results Financial Year PDF Link FY24 FY23 FY22 FY21 FY20 DRIVING TRANSFORMATION, POWERING THE FUTURE 24
Slide 26: For further information, please contact
For further information, please contact STL Group : Investor Relations Advisors : Sterling Tools Limited CIN: L29222DL1979PLC009668 CIN: U74140MH2010PTC204285 Mr. Pankaj Gupta (Group Chief Financial Officer) Mr. Karan Thakker Mr. Abhishek Chawla (Company Secretary) Mr. Aakash Mehta pankaj.gupta@stlf