TRITON VALVES LIMITED Q3FY15 Investor Presentation Jan 30, … · 2018. 2. 28. · Q3FY15 Investor...
Transcript of TRITON VALVES LIMITED Q3FY15 Investor Presentation Jan 30, … · 2018. 2. 28. · Q3FY15 Investor...
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TRITON VALVES LIMITED
Q3FY15 Investor Presentation
Jan 30, 2015
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Disclaimer
• This note has been prepared exclusively for the benefit and internal use of the recipient and does not carry any right of reproduction or disclosure. Neither this note nor any of its contents maybe used for any other purpose without the prior written consent of Triton Valves Limited.
• In preparing this note, we have relied upon and assumed, without any independent verification, the accuracy and completeness of all information available from public sources or which was otherwise reviewed by us.
• This note contains certain assumptions, which Triton Valves Limited considers reasonable at this time and our views as of this date and are accordingly subject to change. Computations adopted in this note are indicative and are based on current prevailing market prices and general market sentiment. No representation or warranty is given by Triton Valves Limited as to the achievement or reasonableness or completeness of any idea and/or assumptions.
• This note does not purport to contain all the information that the recipient may require. Recipients should not construe any of the contents herein as advice relating to business, financial, legal, taxation, or investment matters and are advised to consult their own business, financial, legal, taxation and other advisors concerning the company.
• This note does not constitute an offer for sale, or an invitation to subscribe for, or purchase equity shares or other assets or securities of the company and the information contained herein shall not form the basis of any contract. It is also not meant to be or to constitute any offer for any transaction.
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Q3FY15 Results Overview
in Rs. Lakhs Q3FY15 Q3FY14 % YoY Q2FY15 % QoQ
Revenue 4376 4095 7% 4460 -2%
EBITDA 638 410 55% 715 -11%
% margin 15% 10% 16%
PBT 299 74 303% 339 -12%
PAT 145 48 202% 234 -38%
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Q-o-Q Performance - Q3FY15
• Sales volumes of valve grew 3% while core volumes dropped 4.5%
• Net Sales down 2% due to change in product mix (lower sales of truck & bus and higher sales of two wheeler valves)
• Drop in Truck & Bus valve segment was 18% • Two wheeler segment grew 11%+ • Increase in employee cost and other costs due to
increased production and stock build up for Q4 • RM cost increased 9.6% due to commodity spike and
depreciation of rupee against the dollar
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Y-o-Y Performance – Q3FY15
• Net Sales up 7% on increased volumes in both valves (12%) and cores (8%)
• Product mix was slightly skewed towards two wheeler segment due to which value growth was lower than volume growth
• Fastest growing segments were Truck & Bus and Two Wheeler segments which grew at 18%+
• Passenger valve sales grew only 4.28% • Finance cost steadily dropping due to Long Term
Debt being repaid and improved treasury management
• PBT quadrupled to almost Rs. 3cr but PAT tripled to Rs.1.45 cr due to higher tax provisioning
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Net Sales & Operating Margins- Quarterly Trend
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4095
4324
4168
4460
4376
10%
11%
14%
16%
15%
4000
4050
4100
4150
4200
4250
4300
4350
4400
4450
4500
8%
10%
12%
14%
16%
18%
Q3FY14 Q4FY14 Q1FY15 Q2FY15 Q3FY15
Net Sales Margin
Ope
ratin
g m
argi
n %
Sale
s in
Rs. l
akhs
.
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Operating Profit Distribution- Quarterly Trend
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0
100
200
300
400
500
600
700
800
Q3FY14 Q4FY14 Q1FY15 Q2FY15 Q3FY15
169 172 196 202 197
167 201 166 174 143
74 124
227
339 299
Surplus Finance Cost Depreciation
In R
s. L
akhs
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Net Sales & PAT- Quarterly Trend
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3600
3800
4000
4200
4400
4600
4800
Q3FY14 Q4FY14 Q1FY15 Q2FY15 Q3FY15
4095
4324 4168
4460 4376
48
120
154
234
145
PAT Net Sales
In R
s. L
akhs
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Return On Capital Employed
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COMPANY OVERVIEW
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PRODUCT CLASSIFICATION
LARGE BORE CORES
VALVES CORES
TUBE VALVES TUBELESS VALVES STANDARD CORES
ACCESSORIES
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WATER FILLING ADAPTERS
BICYCLE VALVES
MAJOR PRODUCTS
MOTORCYCLE VALVES SCOOTER VALVES
PASSENGER CAR VALVES
PASSENGER CAR TUBELESS VALVES
TRACTOR VALVES
TRUCK & BUS VALVES
INDUSTRIAL VEHICLE VALVES
CURING BAG VALVES VALVE CORES
VALVE CORES TIGHTNERS
SCOOTER TUBELESS VALVES
VALVE CAPS BRIDGE WASHERS
RIM NUTS
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VEHICLE OE CUSTOMERS
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TYRE CUSTOMERS
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WHEEL CUSTOMERS
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CONSTRUCTION EQUIPMENT CUSTOMERS
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EXPORT CUSTOMERS
Thailand
Indonesia
Taiwan
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RECENT CUSTOMER AWARDS
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RECENT CUSTOMER AWARDS
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MANUFACTURING FACILITY – PRODUCTION SHOPS
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Scrip Movement Q3FY15
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75
85
95
105
115
125
135
145
155
165
175
1-O
ct-1
4
16-O
ct-1
4
31-O
ct-1
4
15-N
ov-1
4
30-N
ov-1
4
15-D
ec-1
4
30-D
ec-1
4
Triton Valves BSE Small Cap
* Rebased to 100 (Normalised)
During the quarter Triton scrip has delivered a 53.6% return as compared to BSE Small Cap Index delivering 4.2% return.
Source: BSE website
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THANK YOU
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Company Identification Number (CIN) : L25119KA1975PLC002867 Sunrise Chambers, 22 Ulsoor Road, Bangalore, Karnataka, India
T: +91 80 25588965/966 F: +91 80 25586483