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Pricol Limited Investor Presentation 2021
62089_rns_2021-03-25_3e62f60d-75ad-4d9a-9c4d-e4dd54f64218.pdf
Investor Presentation
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PR/COL LIMITED Passion to Excel
109, Race Course, Coimbatore 641018, India
. +91 422 4336000 Im! +91 422 4336299 ~ [email protected]. in e pricol.com
CIN:L34200TZ2011PLC022194
PL/SEC/TGT/2020-2021/ 128 Thursday, 25th March, 2021
)... CUSTOMERS J.. EMPLOYEES ).. SHAREHOLDERS ).. SUPPLIERS
| Listing Department | Corporate Relationship Department |
|---|---|
| National Stock Exchange of India Limited | BSE Limited |
| "Exchange Plaza', C-1, Block G | 1st Floor, New Trading Ring |
| Bandra-Kurla Complex, | Rotunda Building, P J Towers, |
| Bandra (E), Mumbai -400051 | Dalal Street, Fort, Mumbai 400 001 |
| Script Code: PRICOLLTD | Script Code: 540293 |
Dear Sir,
Sub: INVESTOR PRESENTATION
Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we herewith submit the presentation to be used for the Investor Conference call, to be held today, 25th March 2021.
This is for your information and records.
Thanking you
Yours faithfully, For Pricol Limited
7?
.{ G.Thamizhanban Company Secretary ICSI M.No: F7897
Encl: as above
INVESTOR MEET DATE : 25 MAR 2021
DISCLAIMER
The contents of this presentation are for informational purposes only and for the reader's personal non-commercial use. The contents are intended but not guaranteed to be correct compete or absolutely accurate. This presentation also contains forward-looking statements based on the currently held beliefs and assumptions of the Management of the Company, which are expressed in good faith and in their opinion are reasonable. Forward looking statements involve known and unknown risks, contingencies, uncertainties, market conditions and other factors which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. The Company disclaims any obligation or liability to any person for any loss or damage caused by errors or omissions whether arising from negligence, accident or any other cause. Recipients of this presentation are not to construe its contents or any prior or subsequent communications from or with the Company or its representatives as investment advice. In addition this presentation does not purport to be all inclusive or to contain all the information that may be required to make a full analysis of the Company and of the relevance and adequacy of the information and should make such other investigations as they deem necessary.
Copyright © PRICOL Limited Slide 3
- Pricol Limited commenced operations in 1974 with headquarters in Coimbatore, India
- 10 Manufacturing Locations
9 Manufacturing Locations in India
1 Manufacturing Location in Indonesia
• 2 International Offices in Tokyo & Singapore
•ISO 14001:2015 •ISO 45001:2018. (Obtained ISO 9001 in the year 1993)
Share Holding Pattern – December 31, 2020
Turn Over Details (In Lakhs)
FY 2019-20 : 114200
FY 2020-21 (Apr to Dec) : 91467
Pricol Corporate Profile
Copyright © PRICOL Limited Slide 4
Global Presence
Copyright © PRICOL Limited Slide 5
Camshaft/ Crankshaft
Product Verticals
Income – Standalone for the Quarter and Nine Months Ended 31st December 2020 Rs. In Lakhs
| 2020-21 | 2019-20 |
|---|---|
| (Apr - Dec) | (Apr - Dec) |
| 2020-21 | 2019-20 | 2020-21 | 2019-20 | |
|---|---|---|---|---|
| (Oct - Dec) | (Oct - Dec) | (Apr - Dec) | (Apr - Dec) | |
| Revenue from Operations | 43,894.83 | 27,088.99 | 91,521.03 | 87,566.14 |
| Growth % | 62.04% | -14.32% | 4.52% | -10.76% |
| Other Operating Revenue | 1,560.78 | 1,523.58 | 3,770.58 | 4,738.12 |
| Other Income | 26.88 | 107.33 | 670.07 | 304.29 |
| Total Revenue | 45,482.49 | 28,719.90 | 95,961.68 | 92,608.55 |
Profit from operations – Standalone for the Quarter and Nine Months Ended 31st December 2020 Rs. In Lakhs
| 2020-21 | 2019-20 | 2020-21 | 2019-20 | |
|---|---|---|---|---|
| (Oct - Dec) | (Oct - Dec) | (Apr - Dec) | (Apr - Dec) | |
| Profit / (Loss) Before Tax | 3,114.12 | (5,739.08) | 1,975.41 | (9,424.42) |
| Add : Amortisation of Intangibles | 570.17 | 568.61 | 1,704.30 | 1,699.64 |
| Add : Provision for Impairment - Non Current Investments | - | 4,313.22 | - | 6,369.72 |
| Profit / (Loss) from Operations before other Comprehensive Income | 3,684.29 | (857.25) | 3,679.71 | (1,355.06) |
| Other Comprehensive Income / (Expense) | 81.14 | 12.90 | 243.44 | 38.70 |
| Profit / (Loss) from Operations | 3,765.43 | (844.35) | 3,923.15 | (1,316.36) |
EBITDA
| 2020-21 | 2019-20 | 2020-21 | 2019-20 | |
|---|---|---|---|---|
| (Oct - Dec) | (Oct - Dec) | (Apr - Dec) | (Apr - Dec) | |
| Profit / (Loss) from Operations | 3,765.43 | (844.35) | 3,923.15 | (1,316.36) |
| Depreciation | 1,707.62 | 1,782.35 | 5,191.58 | 5,256.11 |
| Interest | 1,145.16 | 742.14 | 3,186.06 | 2,035.34 |
| EBITDA | 6,618.21 | 1,680.14 | 12,300.79 | 5,975.09 |
| Revenue from Operations | 43,894.83 | 27,088.99 | 91,521.03 | 87,566.14 |
| EBITDA % on Revenue from Operations | 15.08% | 6.20% | 13.44% | 6.82% |
Cash Profit and Free Cash Flow – Standalone for the Quarter and Nine Months Ended 31st December 2020 Rs. In Lakhs
CASH PROFIT
| 2020-21 | 2019-20 | 2020-21 | 2019-20 | |
|---|---|---|---|---|
| (Oct - Dec) | (Oct - Dec) | (Apr - Dec) | (Apr - Dec) | |
| EBITDA | 6,618.21 | 1,680.14 | 12,300.79 | 5,975.09 |
| Less : Interest | 1,145.16 | 742.14 | 3,186.06 | 2,035.34 |
| Cash Profit | 5,473.05 | 938.00 | 9,114.73 | 3,939.75 |
FREE CASH FLOW
| 2020-21 | 2019-20 | 2020-21 | 2019-20 | |
|---|---|---|---|---|
| (Oct - Dec) | (Oct - Dec) | (Apr - Dec) | (Apr - Dec) | |
| Cash Profit | 5,473.05 | 938.00 | 9,114.73 | 3,939.75 |
| Less : Capex | 707.97 | 1,408.26 | 1,926.05 | 4,572.96 |
| FREE CASH FLOW AFTER CAPEX | 4,765.08 | (470.26) | 7,188.68 | (633.21) |
Standalone Balance Sheet as on 31st December 2020 Rs. In Lakhs
I. ASSETS
(1) Non-current Assets
- (h) Financial Assets
| Particulars | 31-12-2020 | 31-3-2020 | |
|---|---|---|---|
| ` Lakhs | ` Lakhs | ||
| I. ASSETS | |||
| (1) Non-current Assets | |||
| (a) Property, Plant and Equipment | 36,230.59 | 39,569.95 | |
| (b) Right of Use | 3,006.76 | 3,307.93 | |
| (c) Capital Work-in-progress | 1,744.62 | 2,025.41 | |
| (d) Investment Property | 1,739.68 | 951.74 | |
| (e) Goodwill | 9,185.55 | 9,934.00 | |
| (f) Other Intangible assets | 12,748.21 | 14,036.10 | |
| (g) Intangible Assets under Development | - | 35.03 | |
| (h) Financial Assets | |||
| i) Investments | 5,146.90 | 4,671.90 | |
| ii) Others | 651.83 | 599.65 | |
| (i) Other Non-Current Assets | 4,727.02 | 5,907.95 | |
| Total Non-current Assets | 75,181.16 | 81,039.66 | |
| (2) Current Assets | |||
| (a) Inventories | 23,640.87 | 17,066.02 | |
| (b) Financial Assets | |||
| i) Investments | - | 470.94 | |
| ii) Trade Receivables | 17,555.28 | 16,927.96 | |
| iii) Cash and Cash equivalents | 8,643.98 | 233.11 | |
| iv) Bank Balances other than (iii) above | 1,181.22 | 1,256.95 | |
| v) Loans | - | 175.00 | |
| vi) Others | 168.03 | 99.87 | |
| (c) Other Current Assets | 1,993.20 | 1,532.81 | |
| Total Current Assets | 53,182.58 | 37,762.66 | |
| TOTAL ASSETS | 128,363.74 | 118,802.32 |
(2) Current Assets
- (b) Financial Assets
Standalone Balance Sheet as on 31st December 2020 Rs. In Lakhs
| Particulars | 31-12-2020 | 31-3-2020 |
|---|---|---|
| ` Lakhs | ` Lakhs | |
Standalone Borrowings
Rs. In Lakhs
| As on | As on | Increase / | |
|---|---|---|---|
| Particulars | 31.12.2020 | 28.02.2021 | (Decrease) |
| Long Term Borrowings | 24,419.27 | 23,140.67 | (1,278.60) |
| Short Term Borrowings | 3,427.26 | 3,391.59 | (35.67) |
| TOTAL | 27,846.53 | 26,532.26 | (1,314.27) |
Consolidated Borrowings
Rs. In Lakhs
| As on | As on | Increase / | |
|---|---|---|---|
| Particulars | 31.12.2020 | 28.02.2021 | (Decrease) |
| Long Term Borrowings | 26,258.05 | 24,851.94 | (1,406.11) |
| Short Term Borrowings | 3,683.86 | 3,428.57 | (255.29) |
| TOTAL | 29,941.91 | 28,280.51 | (1,661.40) |
Consolidated – Total Income from Continued Operations for the Quarter and Nine Months Ended 31st December 2020
Rs. In Lakhs
| 2020-21(Apr - Dec) | 2019-20(Apr - Dec) |
|---|---|
| 2020-21(Oct - Dec) | 2019-20(Oct - Dec) | 2020-21(Apr - Dec) | 2019-20(Apr - Dec) | |
|---|---|---|---|---|
| Revenue from Operations | 44,664.30 | 27,985.94 | 92,923.92 | 90,905.21 |
| Other Operating Revenue | 1,560.78 | 1,523.58 | 3,770.58 | 4,738.12 |
| Other Income | 39.56 | 115.52 | 674.85 | 369.33 |
| Total Revenue | 46,264.64 | 29,625.04 | 97,369.35 | 96,012.66 |
Consolidated Profit from operations for the Quarter and Nine Months Ended 31st December 2020 Rs. In Lakhs
| 2019-20 | 2020-21 | 2019-20 |
|---|---|---|
| (Oct - Dec) | (Apr - Dec) | (Apr - Dec) |
| 2020-21 | 2019-20 | 2020-21 | 2019-20 | |
|---|---|---|---|---|
| (Oct - Dec) | (Oct - Dec) | (Apr - Dec) | (Apr - Dec) | |
| Profit / (Loss) Before Tax | 3,394.96 | (1,656.15) | 2,416.06 | (3,347.71) |
| Add : Amortisation of Intangibles | 570.17 | 568.61 | 1,704.30 | 1,699.64 |
| Profit from Operations before other Comprehensive Income | 3,965.13 | (1,087.54) | 4,120.36 | (1,648.07) |
| Other Comprehensive Income / (Expense) | 81.14 | 12.90 | 243.44 | 38.70 |
| Profit / (Loss) from Operations | 4,046.27 | (1,074.64) | 4,363.80 | (1,609.37) |
EBITDA
| 2020-21 | 2019-20 | 2020-21 | 2019-20 | |
|---|---|---|---|---|
| (Apr - Dec) | (Apr - Dec) | (Apr - Dec) | (Apr - Dec) | |
| Profit / (Loss) from Operations | 4,046.27 | (1,074.64) | 4,363.80 | (1,609.37) |
| Depreciation | 1,796.80 | 1,869.12 | 5,437.63 | 5,510.02 |
| Interest | 1,228.09 | 816.75 | 3,376.23 | 2,258.16 |
| EBITDA | 7,071.16 | 1,611.23 | 13,177.66 | 6,158.81 |
| Revenue from Operations | 44,664.30 | 27,985.94 | 92,923.92 | 90,905.21 |
| EBITDA % on Revenue from Operations | 15.83% | 5.76% | 14.18% | 6.77% |
QUARTERLY SALES DETAILS (OCT – DEC 2019 Vs 2020)
Values & Numbers in Lakhs
| QUARTERLY SALES FROM OCT TO DEC 2019 Vs2020 | ||||||
|---|---|---|---|---|---|---|
| Vehicle Production -Quantity | Pricol Sales -Value | |||||
| Segment | Oct to Dec' 19 | Oct to Dec ' 20 | Growth | Oct to Dec' 19 | Oct to Dec ' 20 | Growth |
| A | B | % | C | D | % | |
| 2 / 3 Wheelers | 52.99 | 60.89 | 14.90% | 18245 | 28466 | 56.02% |
| 4 Wheelers | 7.95 | 9.51 | 19.65% | 902 | 1675 | 85.70% |
| Commercial Vehicles | 1.90 | 2.13 | 12.05% | 1421 | 3603 | 153.59% |
| Off Road Vehicles | 1.13 | 1.50 | 32.76% | 1446 | 2086 | 44.30% |
| Tractors | 2.04 | 2.58 | 26.60% | 1177 | 1766 | 50.10% |
| OEM | 66.02 | 76.62 | 16.06% | 23190 | 37597 | 62.12% |
| After Market + Xenos | 1359 | 2171 | 59.75% | |||
| Asset Management Solutions | 105 | 206 | 96.19% | |||
| SCMS -Domestic | 281 | 328 | 16.96% | |||
| Exports | 1909 | 3042 | 59.34% | |||
| Others (ME Tool Sales) | 245 | 550 | 124.49% | |||
| Total | 27089 | 43894 | 62.04% |
Vehicle Production : 2019 & 2020 - SIAM Data.
Vehicle Production : Tractor volumes - ACMA Data.
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