Tube Investments Of India Limited · NSE:TIINDIA
Tube Investments Of India — Q1 FY2025 Earnings Presentation
60 slides from Tube Investments Of India's earnings presentation, August 2024
Slide 1: Tube Investments of India Limited Corporate Presentation Q1 FY 2024-25
TUBE INVESTMENTS OF INDIA LIMITED Corporate Presentation Q1 FY 2024-25
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements,” including those relating to general business plans and strategy of Murugappa Group and Group Companies, future outlook and growth prospects, and future
Slide 3: Group Overview
Group Overview |
Slide 4: Group Companies – Listed & Unlisted
Group Companies – Listed & Unlisted Agriculture CG Semi Engineering Pvt Ltd. CG Power Financial Services TI Clean IPL Tech Mobility Pvt Ltd TI Volt Jayem Electric Vehicles Others MoShine Electronics
Slide 5: Other Group Companies & JVs
Other Group Companies & JVs Volzhsky Abrasive Works
Slide 6: The Philosophy We Cherish
The Philosophy We Cherish @ G roup “The fundamental principle of economic activity is that Philosophy | 37203°°°3".. - An excerpt from
Slide 7: About TII
About TII
Slide 8: TII in Nutshell
TII in Nutshell o Largest manufacturer of cold drawn welded steel tubes in India Tube Products of India TI Cycles of India Industrial Chains (TICI) o Market leader of transmission chains (TPI) (IC) in India & 2nd largest manufacturer of cycles transmission chains in India 3-Wheeler,Tractor HCV Jayem
Slide 9: Market Capitalisation
Market Capitalisation INR Crores CAGR +61% 82,376 72,267 49,173 31,258 22,984 4,171 7,189 5,148 Mar’18 Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 Mar’24 Jun’24 Share Price as at ₹222 ₹383 ₹274 ₹1,192 ₹1,620 ₹2,547 ₹3,737 ₹4,259 period end
Slide 10: Shareholding Pattern
Shareholding Pattern As of 30th Jun’24 Others 12% Mutual funds/AIF 16% Promoter & 45% Promoter Group 27% FII Promoter Shareholding of 45% includes Ambadi Investment Limited 36% and Others 9%
Slide 11: TII Performance Trends
TII Performance Trends INR Crores Revenue Profit Before Tax (before exceptional items) 7,236 7,611 928 970 6,359 4,256 628 1,960 381 208 FY21 FY22 FY 23 FY 24 Q1 FY 25 FY21 FY22 FY 23 FY 24 Q1 FY 25 FCF & FCF/PAT% ROIC% (pre-tax) 195% 91% 43% 51% 27% 608 47 55 54 47 533 376 32 205 42 FY21 FY22 FY23
Slide 12: TII Standalone Performance
TII Standalone Performance INR Crores Revenue PBT & PBT% (before exceptional items) 11.1% 10.6% 1,780 1,960 198 208 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 FCF & FCF/PAT% ROIC% (pre-tax) 66% 27% 56 47 97 42 Q1 FY 24 Q1 FY 25 Q1 FY24 Q1 FY25
Slide 13: Business Segments
Business Segments Metal Formed Products Engineering Business TI Metal Forming is pioneer in Sheet Metal Formed Products, Fine Blanked Tube Products of India (TPI) - Most Components, Industrial Chains, Motor preferred supplier of precision tubes, Casings, etc. ERW and CDW to major automotive companie
Slide 14: Engineering Division
❑ One of the World’s Largest manufacturer of Cold Drawn Welded Precision Tubes ❑ One of the leading precision tube manufacturer for Engineering the automotive industries Division ❑ Specially designed tubes for the hydraulic and pneumatic applications ❑ Precisely develop products based on the needs o
Slide 15: Products, Location & Strengths
Products, Location & Strengths Products Key Strengths Electric Resistant Cold Drawn • Market leader and preferred Indian Welded Tubes Welded Tubes supplier in CDW Tubes. Strengths Products • Major manufacturer with the engineering expertise to offer customized, application specific Tubular Cold Roll
Slide 16: Engineering Division Performance
Engineering Division Performance INR Crores Revenue PBIT & PBIT% 12.0% 12.4% 1,142 1,265 135 157 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 FCF & FCF/PAT% ROCE% 22% 7% 64 23 55 6 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25
Slide 17: Metal Formed Products
—_ NEUNGS. — Metal Formed Products
Slide 18: Metal Formed Products
Metal Formed Products ❑ Specialized in manufacturing Cold roll formed sections and components ❑ Preferred supplier of Auto OEMs in various segments. Leader in manufacturing of car doorframes in India, servicing major OEMs in India. ❑ Has diversified product segments like Auto components (Chains, Kit
Slide 19: Products, Location & Strengths
Products, Location & Strengths Products Key Strengths • Market leader in automotive drive and cam chains. • Preferred supplier for roll formed car Auto Kits (Rombo Auto Chains & Diamond Brand) doorframes in India. Strengths Products • Capability to offer just-in-time service and last mile connectivi
Slide 20: Products
Products Door Frames Side Impact Beams Divisional Channels Cowl Cross Beam Cam Chains After Market Brands Railways Fine Blanked Products
Slide 21: Customer visit and Vendor visits
Customer visit and Vendor visits NSK Steering Systems “Visit to Qcision- Qcision” Strategic Customer visit - IMOP America Inc Canada Supplier Engagement (formally visited our TNR plant. Feintool Technologies AG)
Slide 22: Participation & Appreciation
Participation & Appreciation Received award from Royal Enfield for 100% SPD parts supply 22
Slide 23: Metal Formed Products Division Performance
Metal Formed Products Division Performance INR Crores Revenue PBIT & PBIT% 13.0% 10.1% 342 358 44 36 Q1 FY 24 Q1 FY 25 Q1 FY24 Q1 FY25 FCF & FCF/PAT% ROCE% 54% 27% 56 12 41 8 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25
Slide 24: Mobility Division
Mobility Division
Slide 25: Bicycles Business
Bicycles Business ❑ Manufactures a wide range of Bicycles and accessories from Standard to Premium bicycles, including Performance bicycles for the fitness and adventure space o Special bicycles catering to all ages and customer profiles: kids, adolescent boys & girls, urban adults and performance c
Slide 26: Products, Location & Strengths
Products, Location & Strengths Products Key Strengths • Pioneer in Retail format of experiential stores - Track & Trail Urban, Track & Premium Cycles Trail Sport and BSA Strengths Products Hercules Rural outlets. • Omni-channel presence Standards with unified online and in- Specials store experience
Slide 27: Track & Trail Experience
Track & Trail Experience
Slide 28: Glimpse of Brand Award
Glimpse of Brand Award Hercules & BSA won the Super Brands for the year 2023
Slide 29: Mobility Division Performance
Mobility Division Performance INR Crores Revenue PBIT & PBIT% 1.0% 0.9% 187 181 2 2 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 FCF & FCF/PAT% ROCE% 32 9 7 -2 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25
Slide 30: Others
Others
Slide 31: Industrial Chains
Industrial Chains ❑ Manufacturer of Various classes of Industrial Chains – Roller Chains, Extended pitch chains, Rubber top chains, Hollow pin chains, Leaf chains, Attachment chains, Extended pin chains, Stainless steel chains, Accumulator chains Power transmission and Engineering Class Chains Conve
Slide 32: Others Performance (including Industrial Chains)
Others Performance (including Industrial Chains) INR Crores Revenue PBIT & PBIT% 13.0% 6.1% 247 178 16 15 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 FCF & FCF/PAT% ROCE% 46 42 37 -30 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25
Slide 33: Expo’s & Seminars
Expo’s & Seminars Participated in Intec 2024 (International Machine Tools & Industrial Trade Fair – Coimbatore (Jun24) •Customer Connect Program jointly with M/s. Shanthi Gears Team focusing on Hospet Metal Customers •Technical Seminar at M/s. MSP Steel & Power Ltd., Raigarh Chattisgarh
Slide 34: Training & Activities
Training & Activities 34
Slide 35: Subsidiaries and Associates
Subsidiaries and Associates
Slide 36: TI Clean Mobility Private Limited
TI Clean Mobility Private Limited TIVolt
Slide 37: TI Clean Mobility Private Limited
TI Clean Mobility Private Limited Product Segment ✓ Electric 3W Auto ✓ Electric Tractors ✓ Electric M & HCV (through its Subsidiary IPLTech Electric Pvt Ltd) ✓ Electric SCV (through its Subsidiary TIVolt Electric Vehicles Pvt Ltd) Funding ✓ TII has invested Rs. 250 Cr. in to TICMPL as Equity and Rs.
Slide 38: Value Proposition for the Consumer
EMOTIONAL VALUE - SUPERIOR PRODUCT DESIGN ATTRACTIVE PRODUCT DESIGN & - CATERGORY FIRST TELEMATICS & UI/UX TECH INNOVATIONS EXPERIENCES - IMPROVED DRIVER / OWNER / PASSENGER VALUE PROPOSITION FOR THE CONSUMER USAGE EXPERIENCES FUNCTIONAL VALUE - CATERGORY FIRST TELEMATICS WITH DRIVER ASSISTANCE SERV
Slide 39: Glimpse of Design Award - Electric 3W
Glimpse of Design Award - Electric 3W Montra Electric has won the prestigious International Red Dot Design Award in the “Design Concept” category held in Singapore. The accolade was bestowed upon Montra Electric for its revolutionary Three Wheeler Super Auto, recognized as an “Innovative Last Mile M
Slide 40: E Tractor
E Tractor INDIA’S 1ST ELECTRONIC TRACTOR TICMPL, Tractor segment, is India’s First Manufacturer of Electric Tractors. Our goal is to revolutionize eMobility in India by producing innovative automobiles that address sustainability and efficiency. Our E-tractors are cost effective, pollution free, mai
Slide 41: IPL Tech Electric Pvt Ltd (IPLT)
IPL Tech Electric Pvt Ltd (IPLT) IPLT is a manufacturer of electric heavy commercial vehicles, which launched India’s first electric truck – RHINO 5536. During the Q1 FY 2024-25, TI Clean Mobility Pvt Ltd (TICMPL) has increased its equity shareholding to 89.46 % from 65.76%
Slide 42: TIVOLT Electric Vehicles Private Limited
TIVOLT ELECTRIC VEHICLES PRIVATE LIMITED • TICMPL, a subsidiary of the TII, entered into an agreement with Mr. Anand Jayachandran for pursuing electric small commercial vehicle business ("e-SCV') through a subsidiary to be incorporated by TICMPL. • During FY 2023-24, TICMPL has incorporated a subsid
Slide 43: Jayem Automotives
Jayem Automotives • TICMPL acquired 50% stake with Primary Investment of Rs. 30 Cr. and Secondary Investment of Rs. 176 Cr. • Jayem is an automotive research & development company engaged in design, development, testing and manufacturing of a wide range of automotive components, systems and prototyp
Slide 44: CG Power
CG Power ❑ Over 8 decades of presence in India ❑ One of top 10 World’s Transformer Manufacturer ❑ #1 motors manufacturer in India ❑ One of the largest manufacturers of Transformers & Switchgears in India
Slide 45: Key Business Verticals
Key Business Verticals POWER INDUSTRIALS Sub-segments Sub-segments Transformers and Drives & Switchgear EPD Railways Motors Stampings Reactors Automation Key Clientele Key Clientele
Slide 46: Railways
Industrials: Consistently among the top players Products Peers Customers LT Motors ABB, Siemens OEMs of Pumps, Compressors, Gear Box and Construction Motors Large Motors Bhel, ABB Equipment and industries such as power, transmission, oil and gas, cement, metals & mining and in railways transportatio
Slide 47: Switchgears Transformers
Power: Consistently among the top players Products Peers Customers EHV Instrument GE, ABB, BHEL Transformers Surge Arresters OBLUM, Lamco ❖Power Grid Corporation of India Limited (PGCIL) Gas Circuit Switchgears GE, Siemens Breakers ❖Nuclear Power Corporation of India Limited (NPCIL) MV Switchgear AB
Slide 48: CG Power – Financials
CG Power –Financials INR Crores Standalone Consolidated Particulars Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 Revenue 1,766 2,106 1,874 2,228 PBIT 256 326 263 336 Interest 1 1 1 1 PBT (before exceptional) 256 325 263 336 Exceptional Item 0 0 1 0 PBT (after exceptional) 256 325 263 336 PAT before discontin
Slide 49: CG Semi Private Limited
CG Semi Private Limited ❑ The Company has been incorporated to focus on establishing an Outsourced Semiconductor Assembly and Test ('OSAT') facility. ❑ The estimated investment on the project over new few years is Rs. 7,600 crs and the same is expected to be funded by a combination of government sub
Slide 50: Shanthi Gears
Shanthi Gears ❑ Pioneer in gear manufacturing and ranks amongst India’s top gear manufacturers. ❑ Offers a comprehensive range of products and services – cutting edge gear solutions for a wide range of applications and specialized gear reconditioning services ❑ Has been the preferred name for gear a
Slide 51: Gear Business
Helical; Gears & Pinions; Worm Gear Box; Worm Spares; Products for Textiles & Foundry Gear David Brown Bharath Forge; GE; BHEL; Caterpillar, Siemens; TATA; Indian Railways; Business Areva; ELGI; Kone Cranes; Cummins; UniGear; Clean Energy; L&T; Voith etc… 3 manufacturing units in Coimbatore
Slide 52: Products
Products Spur/ Helical Internal Worm and Straight Pinion Shaft Spiral Bevel Gear Gear Wheel Bevel Worm Gearboxes- Adaptable Worm Gearboxes- Standard Worm Gearboxes- Special Helical Gearboxes Bevel Helical Gearboxes
Slide 53: Shanthi Gears Limited Performance
Shanthi Gears Limited Performance INR Crores Revenue PBIT & PBIT% 20.0% 21.0% 121 139 29 24 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 FCF & FCF/PAT% ROIC% 190% 97% 54 52 34 21 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25
Slide 54: SEDIS
SEDIS ❑ Specialized in designing chains for transmission, agricultural, lifting, adapted and conveyor. ❑ With more than 500 technical distribution points in France, Sedis currently has the Number One distribution network for French industrial chains.
Slide 55: Moshine Electronics Pvt Ltd (MEPL)
Moshine Electronics Pvt Ltd (MEPL) Moshine Electronics is a manufacturer of camera modules for mobile phones. Tube Investments of India Ltd (TII) acquired 76% equity stake in MEPL and became a subsidiary of TII.
Slide 56: Medical Business
Medical Business • TI Medical Private Limited (Previously known as LOTUS Surgicals Private Limited) is an established company engaged in the business of manufacturing and supply of medical and surgical consumables. • TII Invested Rs. 233 Cr. to acquire 67% of equity share capital of TI Medical and b
Slide 57: CDMO Business
CDMO Business • TII entered into an agreement with Mr. N Govindarajan (NG) and incorporated a subsidiary named "3xper Innoventure Limited" • Company will engage in Contract Development and Manufacturing Operation (CDMO) and active pharmaceutical ingredients business • TII will be investing Rs. 285 C
Slide 58: Our Values
‘The light of INSEEGRITY that gives us the courage to always do the right thing The light of ‘The light of RESPONSIBILITY PASZION that gives us the humility to that provides us with think about the world around us the desire to win The light of ‘The light of PRESPECT QUALITY that inspires people whi
Slide 59: Contact us
Contact us Registered Office Tube Investments of India Ltd. 'Chola Crest', C 54 & C 55, Super B-4, Thiru Vi Ka Industrial Estate, Guindy, Chennai - 600 032 Phone: +91 44 42177770-6 www.tiindia.com Email ID S Krithika – Company Secretary KrithikaS@tii.murugappa.com AN Meyyappan – Chief Financial Offi
Slide 60: Thank you
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