AI assistant
Sandhar Technologies Limited Investor Presentation 2021
60876_rns_2021-05-21_94a14ec3-5459-4d2b-8bb9-d83f7bec38ee.pdf
Investor Presentation
Open in viewerOpens in your device viewer
Ref: STL/REG-30/BSE/NSE/ 2021-22/82
Dated: 21st May, 2021
To, To, Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers, Dalal Street C-1, G Block, Bandra Kurla Complex Mumbai- 400001 Bandra, (E), Mumbai- 4000051
BSE Limited National Stock Exchange of India Limited
BSE Code: 541163, NSE: SANDHAR
Dear Sir/ Madam,
Sub: Intimation to Stock Exchange- Investor Presentation in connection with Audited Standalone & Consolidated Financial Results for the quarter and year ended on the 31st March,2021
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Investor Presentation in connection with Audited Standalone & Consolidated Financial Results for the quarter and year ended on the 31st March, 2021, the same is uploaded on the website of the Company www.sandhargroup.com
We request you to take the same on record.
Yours faithfully,
For Sandhar Technologies Limited
Komal Malik Company Secretary & Compliance Officer Komal Malik Digitally signed by Komal Malik Date: 2021.05.21 15:20:26 +05'30'
Sandhar Technologies Limited
Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph: 012-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph: +91-11-40511800 E-mail: [email protected], website: www.sandhargroup.com; CIN-L74999DL1987PLC029553
SANDHAR TECHNOLOGIES LIMITED INVESTOR'S PRESENTATION FY 20 -21 Performance Sandhar Components, Hosur
Commencement from – FY'19
This presentation and the accompanying slides (the "Presentation"), which have been prepared by Sandhar Technologies Ltd. (the "Company"), have been prepared solely for information purposes and do 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 with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the tire industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forwardlooking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
Sandhar Technologies - Overview
Incorporated in 1987 by a first generation entrepreneur, supported by a qualified management team
Customer-centric component supplier, largely focused on vehicular safety and security systems with a pan-India presence and growing international footprint
80+ Indian and global automotive OEM customers with leading names like Honda, TVS, Tata Motors, Hero – shares relationship with Hero for 30+ years
27 product categories catering to various industry segments with leadership position in core products and focus on increasing customer spend per vehicle; Among largest supplier of Locks, Mirrors and OHV cabins in India and Al. spools in Europe
41 manufacturing facilities in India including JVs and subsidiaries, 1 in Spain, 1 inMexico and 1 in Poland
Scalable business model with high technological capabilities through in-house R&D, global tie-ups and acquisitions
FY 21 consolidated revenue of INR 1874 Crs, EBITDA of INR 199 Crs and PAT of INR 58 Crs - India business drives most of it
Backed by two PE investors in last 12 years – Actis Group in FY06 and GTI Capital in FY12 and and got listed in 2018
Sandhar Vs Industry – Q4 FY 21
Sandhar Rev. Gr % Industry Sales vol. Gr %
Sandhar Vs Industry – FY'21
Sandhar Revenue* Breakup
Segment wise Revenue Share (Rs. 1,864 Crs.)
Locking Systems (Rs. 388 Crs.) Vision Systems (Rs. 151 Crs.) Sheet Metal (Rs. 232 Crs.) Cabins (Rs. 271 Crs.) 21% 8% 12 % 15 % 21% ADC (Rs. 388 Crs.) Assemblies (Rs. 181 Crs.) 10% Others 13% (Rs. 253 Crs.)
All Rights Reserved@Sandhar 2021 *Revenue from operations excluding other income.
Q4-FY'21 Financial Snapshot (fig. in Rs. Crs)
All Rights Reserved@Sandhar 2021 5
FY'21 Financial Snapshot (fig. in Rs. Crs)
Profit & Loss Statement – Consolidated (fig. in Rs. Crs)
| Particulars | Q4FY21 | Q4FY20 | (%)YoY | Q3FY21 | (%)QoQ | FY21 | FY20 | (%)YoY |
|---|---|---|---|---|---|---|---|---|
| TotalRevenue | 64512 | 41348 | 56% | 59699 | 8% | 874341, | 953145, | -4% |
| Expenses | ||||||||
| ofmaterialsCost | 38310 | 22427 | 71% | 34788 | 10% | 109212, | 111362, | -2% |
| Labourcost | 4955 | 3838 | 29% | 5008 | -1% | 16017 | 16007 | 0% |
| Personnelexpenses | 3027 | 2997 | %1 | 3398 | -11% | 11757 | 13079 | -10% |
| Otherexpenses | 10128 | 7708 | 31% | 9265 | %9 | 30530 | 34255 | -11% |
| Totalexpenses | 56420 | 36970 | 53% | 52459 | 8% | 167516, | 174703, | -4% |
| EBITDA | 8092 | 4378 | 85% | 7240 | 12% | 19918 | 20642 | -4% |
| %EBITDA | 1254% | 1059% | 1213% | 1063% | 1057% | |||
| Financecosts | 396 | 473 | -16% | 453 | -13% | 1602 | 2046 | -22% |
| Depreciation | 2423 | 2455 | -1% | 2425 | 0% | 9395 | 9841 | -5% |
| Profitbeforetax | 5273 | 1450 | 264% | 4362 | 21% | 8921 | 8755 | 2% |
| %PBT | 17%8 | 51%3 | 31%7 | 76%4 | 48%4 | |||
| fromLossesJV | 219 | (007) | 316 | -30% | 1120 | 950 | 18% | |
| ProfitbeforeafterlossesJVtax | 5054 | 1457 | 247% | 4046 | 25% | 7802 | 7805 | 0% |
| TaxExpenses | 1029 | 246 | 318% | 1128 | -9% | 2018 | 2107 | -4% |
| profitNet | 4024 | 1211 | 232% | 2918 | 38% | 5783 | 5698 | 1% |
| ProfitNet% | 624% | 293% | 489% | 309% | 292% | |||
| Othercomprehensiveincome | (234) | 946 | (059) | (375) | 963 | |||
| Totalcomprehensiveincome | 3791 | 2157 | 76% | 2859 | 33% | 5409 | 6661 | -19% |
| ComprehensiveIncome% | 88%5 | 22%5 | 479% | 289% | 341% | |||
| Share(EPS)EarningsPer | 669 | 201 | 233% | 854 | 38% | 961 | 947 | %1 |
Profit & Loss Statement – Standalone (fig. in Rs. Crs)
| Particulars | Q421FY | Q420FY | (%)YoY | Q321FY | (%)QoQ | 21FY | 20FY | (%)YoY |
|---|---|---|---|---|---|---|---|---|
| TotalRevenue | 55240 | 34014 | 624% | 51279 | 77% | 159470, | 165015, | -3% |
| Expenses | ||||||||
| ofmaterialsCost | 35747 | 20513 | 743% | 32462 | 10% | 101856, | 103553, | 2%- |
| Labourcost | 3986 | 3040 | 311% | 4090 | 3%- | 13066 | 12989 | %1 |
| Personnelexpenses | 1866 | 2085 | 10%- | 2363 | 21%- | 7821 | 9341 | 16%- |
| Otherexpenses | 6839 | 5066 | 35% | 6412 | %7 | 20413 | 22216 | 8%- |
| Totalexpenses | 48438 | 30704 | 58% | 45328 | 7% | 143156, | 148099, | -3% |
| EBITDA | 6802 | 3310 | 106% | 5952 | 14% | 16314 | 16916 | -4% |
| EBITDA% | 1231% | 973% | 1161% | 1023% | 1025% | |||
| Financecosts | 228 | 253 | 10%- | 269 | 15%- | 909 | 1263 | 28%- |
| Depreciation | 1779 | 1854 | 4%- | 1778 | 0% | 6857 | 6075 | 9%- |
| Profitbeforetax | 9547 | 1202 | 299% | 3905 | 23% | 8548 | 8092 | 6% |
| %PBT | 68%8 | 53%3 | 61%7 | 36%5 | 90%4 | |||
| TaxExpenses | 1045 | 266 | 293% | 1008 | %4 | 2025 | 2000 | %1 |
| profitNet | 3750 | 935 | 301% | 2897 | 29% | 6523 | 6092 | 7% |
| ProfitNet% | 679% | 275% | 565% | 409% | 369% | |||
| Othercomprehensiveincome | (122) | 789 | (161) | (400) | 734 | |||
| Totalcomprehensiveincome | 3628 | 1725 | 110% | 2735 | 33% | 6123 | 6826 | -10% |
| ComprehensiveIncome% | 657% | 07%5 | 33%5 | 384% | 414% | |||
| Share(EPS)EarningsPer | 623 | 155 | 302% | 814 | 29% | 1084 | 1012 | %7 |
Balance Sheet (fig in Rs. Crs)
| Particulars | Consolidated | Standalone | |||||
|---|---|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-21 | 31-Mar-20 | ||||
| ApplicationofFunds | |||||||
| GrossFixedassets | 124113, | 115516, | 90685 | 85256 | |||
| Less:AccDepreciation | 38479 | 29084 | 29766 | 22909 | |||
| FixedwithNetCWIPassets | 85634 | 86432 | 60920 | 62347 | |||
| Non-currentinvestments | 5687 | 4502 | 11439 | 9124 | |||
| Othernon-currentassets | 1893 | 5915 | 1665 | 1339 | |||
| Inventories | 21137 | 19569 | 13397 | 12100 | |||
| Tradereceivables | 35746 | 19188 | 31286 | 16084 | |||
| OtherCurrentAssets | 9498 | 5339 | 5954 | 3217 | |||
| TotalApplicationofFunds | 1,595.94 | 1,365.89 | 1,246.60 | 1,042.11 | |||
| ofFundsSources | |||||||
| Sharecapital | 6019 | 6019 | 6019 | 6019 | |||
| andsurplusReserves | 74418 | 70226 | 74655 | 69736 | |||
| Shareholders'Funds | 804.37 | 762.45 | 806.74 | 757.55 | |||
| MinorityInterest | 369 | 363 | - | - | |||
| OtherliabilitiesNon-current | 9736 | 9167 | 2212 | 1983 | |||
| SecuredLongTermLoans | 9628 | 921 | 005 | 024 | |||
| ShortTermLoans | 12428 | 19156 | 4324 | 3902 | |||
| liabilitiesCurrent&Provisions | 4699630737 | 37444 | 22547 | ||||
| TotalofFundsSources | 1,595.94 | 1,365.89 | 1,246.60 | 1,042.11 | |||
| 1)CurrentRatio:Consolidated:1.12vs0.88LY&Standalone:1.21vs.1.19LY | |||||||
| 2)CreditRatingA1+(ST)andAA-(LT)validtillOct'21(IndiaRatings) |
Consoldiated
Cash Flow Statement (fig in Rs. Crs)
| Growth, Motivation, Better Life |
|---|
| Particulars | Consolidated | Standalone | |||
|---|---|---|---|---|---|
| FY'21 | FY'20 | FY'21 | FY'20 | ||
| CashFlowsfromOperatingActivities | |||||
| Profitbeforetax | 78.02 | 78.05 | 85.48 | 80.92 | |
| andDepreciationamortizationexpense | 93.95 | 98.41 | 68.57 | 75.60 | |
| Otheradjustments | 23.69 | 29.29 | 4.92 | 10.76 | |
| Operatingprofitbeforeworkingcapital | |||||
| changes | 195.65 | 205.75 | 158.97 | 167.29 | |
| workingcapital:Movementsin | (52.40) | 58.58 | (42.77) | 50.27 | |
| Cashgeneratedfromoperations | 143.25 | 264.33 | 116.20 | 217.56 | |
| PaidTaxes | 19.53 | 25.32 | 19.38 | 24.73 | |
| cashinflowfromNetoperating | |||||
| ()activitiesA | 123.72 | 239.01 | 96.82 | 192.82 | |
| CashFlowsfromInvestingActivities | |||||
| CapitalExpenditure | (76.97) | (87.52) | (55.87) | (57.82) | |
| Purchase/Investmentsijointventuresn | |||||
| &otherCorporates | (26.34) | (17.58) | (26.46) | (22.98) | |
| ProceedsfromSaleofinvestments | 5.15 | - | 3.62 | - | |
| OtherReciepts | 0.76 | 4.17 | 4.03 | 3.54 | |
| cashusedNetiinvestingn | |||||
| ()activitiesB | (97.40) | (100.93) | (74.69) | (77.26) | |
| CashFlowsfromFinancingActivities | |||||
| Borrowings/Repayment | 19.00 | (73.79) | 4.03 | (74.92) | |
| ofleaseliabilitiesPayment | (17.38) | (11.79) | (7.41) | (7.20) | |
| DividendPaid | (12.10) | (18.29) | (12.04) | (18.04) | |
| paidInterest | (15.76) | (20.53) | (8.83) | (13.00) | |
| cashflowusedfinancingNetin | |||||
| ()activitiesC | (26.23) | (124.39) | (24.25) | (113.15) | |
| Foreigncurrency translationgain | (0.82) | (10.68) | - | - | |
| increase/(decrease)cashNetin | |||||
| andcashequivalents(A+B+C) | 0.09 | 13.68 | (2.12) | 2.42 | |
| CashBalanceOpening | 6.70 | 3.70 | 3.00 | 0.58 | |
| Cashandequivalentstheendofthea t | |||||
| year | 5.97 | 6.70 | 0.87 | 3.00 |
WOS Performance (fig in Rs. Crs)
All Rights Reserved@Sandhar 2021
*Considered 50% 11
Sandhar Technologies Limited CIN: L74999DL1987PLC029553 Email: [email protected]
