Pritika Auto Industries Ltd · NSE:PRITIKAUTO
Pritika Auto Industries — Q1 FY23 Earnings Presentation
31 slides from Pritika Auto Industries's earnings presentation, Jul 21, 2022
Slide 1: Pritika Auto Industries Limited Result Update Presentation Q1 FY23
Pritika Auto Industries Limited Result Update Presentation Q1 FY23
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 (FY22) ▪ Pritika Auto Industries is among leading manufacturers of machined castings in India ▪ Incorporated in 1973, Company manufactures components for tractors and commercial vehicles Operating Revenue ▪ Total installed capacity of over 50,0
Slide 4: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights
Slide 5: Chairman's Message
Chairman’s Message “I am happy to say that we have started the new fiscal year on a strong note. This quarter’s performance has been well in line with expectations and reflects our ability to grow despite market upheavals. With good growth in volumes during this quarter, we are looking at a strong a
Slide 6: Quarterly Financial Highlights – Q1 FY23
Quarterly Financial Highlights – Q1 FY23 Production Volume (TPA) Revenue (Rs. Cr) 10,723 10,557 9,807 96.0 85.5 5,938 5,885 72.7 56.0 57.0 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 EBITDA (Rs. Cr) / Margin (%) 12 20% 10 11.8% 11.4 10.7% 16% 12.5% 11.8% 8 9.1 8.6
Slide 7: Quarterly Financial Highlights
Quarterly Financial Highlights Rs. Cr Q1 FY23 Q1 FY22 Y-o-Y Q4 FY22 Total Income from operations 96.00 72.72 57.00 Other Operating revenue 0.00 0.00 0.00 Net Revenue 96.00 72.72 32.01% 57.00 Raw Materials 63.08 44.31 34.36 Employee Cost 4.86 3.97 4.83 Other Cost 16.72 15.89 10.68 Total Expenditure 8
Slide 8: Key Recent Developments during the year
Key Recent Developments during the year Strategy – To expand capacity organically and through acquisitions, on back of strong order book, while expanding export opportunities ➢ Announced plans to issue IPO for wholly owned subsidiary, Pritika Engineering Components Ltd., for Rs. 12 cr ➢ Added a new
Slide 9: Company Overview
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Slide 10: About Us
About Us Leading manufacturer of tractor components in India ▪ Incorporated in 1973 by Mr. R.S. Nibber ▪ About five decades of experience in Tractor/Auto Component manufacturing Diversified Portfolio Modern Manufacturing Facilities ▪ Axle Housings, Wheel Housings, ▪ Punjab and Himachal Pradesh Hydra
Slide 11: 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 11
Slide 12: Journey So Far…
Journey So Far… 2019-22 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 13: 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 14: ... 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 15: Business Overview
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Slide 16: Diverse Product Offerings
Diverse Product Offerings Rear Axle Housings 16
Slide 17: Diverse Product Offerings
Diverse Product Offerings Hydraulic Lift Covers/ Housing Differential Case Clutch & Fly Wheel Engine Covers Plate Diff. Carriers Bull Cages Housings 17
Slide 18: Diverse Product Offerings
Diverse Product Offerings Wheel Hubs Front Engine/Axle Support Crank Case, Cylinder Blocks & Cam Shafts Brake Housings, End Covers & Actuating Disc 18
Slide 19: 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 19
Slide 20: Wide Application of Products
Wide Application of Products 20
Slide 21: Key Customers
Key Customers PRITIKA Group of Industries Casting | Forging | Machining ams | © | ...&.. SwaRay HEME py GH mit ncaa | TAFE <Sana> adaee ne... A>7 ga
Slide 22: 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 23: 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 24: Consolidated Annual Financial Highlights
Consolidated Annual Financial Highlights
Slide 25: Annual Financial Highlights – FY22
Annual Financial Highlights – FY22 Volumes (Tons) Revenue (Rs. Cr) 33,110 31,206 32,353 225.7 271.2 26,257 209.7 168.0 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin (%) 40 20% 15 8% 35 6.7% 14.4% 11.1% 16% 14.1 14.4 7% 30 12 12.5% 5.3% 6% 30.2 30.0 25 10.
Slide 26: Annual Financial Highlights – FY22
Annual Financial Highlights – FY22 Rs. Cr FY22 FY21 YoY% Total Income from operations 271.23 225.69 Other Operating Income 0.00 0.00 Net Revenue 271.23 225.69 20.18% Raw Materials 166.10 134.76 Employee Cost 17.74 13.59 Other Cost 57.35 53.56 Total Expenditure 241.20 201.91 EBITDA 30.02 23.78 26.26%
Slide 27: Balance Sheet as on 31st March 2022
Balance Sheet as on 31st March 2022 Rs. Cr As on 31st Mar ‘21 As on 31st Mar ‘22 Rs. Cr As on 31st Mar ’21 As on 31st Mar ’22 Equity 127.71 139.01 Non-current Assets 133.17 134.64 Property, Plant and Equipment 101.08 115.18 Equity Share Capital 17.73 17.73 Capital work in progress 10.53 2.42 R&S 109
Slide 28: Key Ratios
Key Ratios RoE (%) RoA (%) 12.2% 6.1% 8.1% 3.9% 5.1% 5.8% 2.6% 2.6% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 RoCE (%) Net Debt/Equity (x) 0.57 14.9% 0.51 0.51 12.7% 0.47 8.3% 8.5% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Preferential issue of 1,75,000 equity shares during Q4 FY19 RoA = Net Profit/Tota
Slide 29: Way Ahead
Way Ahead
Slide 30: 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 Export Opportu
Slide 31: Thank You
Thank You For further information, please contact: Pritika Auto Industries Limited. Bridge Investor Relations Pvt. Ltd. Ms. Nisha Saini Mr. Amit Sharma EA to MD amit@bridge-ir.com nisha@pritikagroup.com Mr. Rahul Trivedi rahul@bridge-ir.com www.pritikagroup.com www.bridge-ir.com 31
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