triton valves limited q3fy15 investor presentation jan 30, … · 2018. 2. 28. · q3fy15 investor...

TRITON VALVES LIMITED

Q3FY15 Investor Presentation

Jan 30, 2015

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.

www.tritonvalves.com

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%


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


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

Net Sales & Operating Margins- Quarterly Trend


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

.

Operating Profit Distribution- Quarterly Trend


0

100

200

300

400

500

600

700

800


169 172 196 202 197

167 201 166 174 143

74 124

227

339 299

Surplus Finance Cost Depreciation

In R

s. L

akhs

Net Sales & PAT- Quarterly Trend


3600

3800

4000

4200

4400

4600

4800


4095

4324 4168

4460 4376

48

120

154

234

145

PAT Net Sales

In R

s. L

akhs

Return On Capital Employed


COMPANY OVERVIEW

PRODUCT CLASSIFICATION

LARGE BORE CORES

VALVES CORES

TUBE VALVES TUBELESS VALVES STANDARD CORES

ACCESSORIES


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


VEHICLE OE CUSTOMERS


http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=vnNn7a4gcyQFmM&tbnid=6hd3gEc_ikFR6M:&ved=0CAgQjRwwAA&url=http://allcarlogos.net/italian-fiat-logo-company/&ei=INOtUaHCL4PirAerqYHICw&psig=AFQjCNHT1q9Z5umJceTwIWeMmrNHNB6cdw&ust=1370432672946614�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=7FchNQktRhyDUM&tbnid=hGP_6os_dkyH-M:&ved=0CAgQjRwwAA&url=http://www.business-standard.com/article/companies/ashok-leyland-q1-net-dips-30-to-rs-86-cr-111071900142_1.html&ei=f9OtUYaRIYr3rQfjuYFI&psig=AFQjCNHnGNb_bvY7aPXcvvVDKbitjmrViQ&ust=1370432767620270�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=AV5CoHCRMLEC3M&tbnid=aNlwoRycOXk8nM:&ved=0CAgQjRwwAA&url=http://tuli-art.blogspot.com/2012/07/bajaj-logo.html&ei=q9OtUdTgLoiCrAej4IGICg&psig=AFQjCNHi1t2DVQwSz3H8qDQ-srrU0UoAXA&ust=1370432811920792�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=pSeMyfK-4Yk72M&tbnid=kgkXXWZhk2dxUM:&ved=0CAgQjRwwAA&url=http://mycarlogos.blogspot.com/2013/01/honda-logo.html&ei=pNWtUa7zH47yrQeUu4HoDQ&psig=AFQjCNHhlDVmzmrLI2pgvzXLs3T7LPIqCw&ust=1370433316599998�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=XcBthay3l3AKgM&tbnid=rJyYptvm1Hs6pM:&ved=0CAgQjRwwAA&url=http://smkassalaam.sch.id/&ei=2tWtUYCFNYiJrQeZx4DoAQ&psig=AFQjCNF8vmesNIx0_T5mCRVtYfhqtCIe-Q&ust=1370433370975192�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=tT2IgSBVsLOsWM&tbnid=WqWQRc39dFVySM:&ved=0CAgQjRwwAA&url=http://freecarlogos.blogspot.com/2013/02/suzuki-logo.html&ei=DdatUZHgNYylrQeXmIGgAQ&psig=AFQjCNEDBwOPRaJMsHFPix6S3CuH3UFSPg&ust=1370433421980542�

TYRE CUSTOMERS


http://www.google.co.in/url?sa=i&source=images&cd=&docid=v4SSDxbJjyC1YM&tbnid=cQ25evxaw2H2TM:&ved=0CAgQjRwwAA&url=http://www.pressbox.co.uk/detailed/Business/CEAT_Ltd._brings_the_50th_CEAT-PRO_Knowledge_Series_to_Mumbai_598196.html&ei=NtStUcTTFsiOrgfnsoGgBA&psig=AFQjCNGiQ6G9zcjBqpkVbj_lfkBVTBpTdA&ust=1370432950453727�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=LT6wooDjm1qHJM&tbnid=alZBHjodm-uLvM:&ved=0CAgQjRwwAA&url=http://www.panh2osolar.com/pan-naik-group/&ei=hdStUZH9BY3MrQfOjoHoDg&psig=AFQjCNFEk50J6TLxGJP_8wtl8iSfEnbGug&ust=1370433029174295�

http://www.google.co.in/url?sa=i&rct=j&q=bkt++tyres+logo&source=images&cd=&cad=rja&docid=m0dxB2OsNu6-AM&tbnid=0OYAZBYZEXTW7M:&ved=0CAUQjRw&url=http://www.terryelseytyres.co.uk/tractor-tyre-videos/&ei=W9CtUZP0EY3IrQec6oGgBQ&bvm=bv.47244034,d.bmk&psig=AFQjCNGwJu1Z2wUqM9Gvbzgx697auQz_Pg&ust=1370431952069676�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=9pwqxXN4OD6WHM&tbnid=y4pzBBsfhhokiM:&ved=0CAgQjRwwAA&url=http://www.mercurymotorsport.com.au/products/tyres/dunlop_logo2/&ei=_9StUcfyM4KKrQe3vYFw&psig=AFQjCNFNGYrC1rN0o-uISUffsN64fLbp9Q&ust=1370433151916806�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=NtFmQ5NHAS_D-M&tbnid=tYu2CdhcV82NEM:&ved=0CAgQjRwwAA&url=http://logocompany.info/goodyear-logo/&ei=Q9WtUeirLY_yrQfKtYHIBA&psig=AFQjCNHiGUjMZvKeru2uQts1jK-WOhrC_Q&ust=1370433219857480�

WHEEL CUSTOMERS


http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=XvQVjufOYMrNfM&tbnid=_s6TJibK4XmrWM:&ved=0CAgQjRwwAA&url=http://trademark.markify.com/trademarks/ctm/maxion/010825495&ei=Oc-tUYzPAsS-rgf4moDoAw&psig=AFQjCNGGVlSQWjb5zAT_3qYEhyTJwmrtfQ&ust=1370431673112928�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=aYLqlwXc8RB22M&tbnid=Xj_N8GlHW9WgXM:&ved=0CAgQjRwwAA&url=http://www.sellcraft.net/clients.php&ei=tNatUfDRH86krQexnoDwAQ&psig=AFQjCNHbMP6vuySGFUpm9C2DCJN9zXL83Q&ust=1370433588591156�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=FN0EF2u7KMdStM&tbnid=0Wmh1CGh1eaF-M:&ved=0CAgQjRwwAA&url=http://kdmmotors.in/contact.html&ei=GNqtUemtCdDnrAeh0IDwCA&psig=AFQjCNF8lijMnZIHNZgYGV5evfRVbhgCUA&ust=1370434456255434�

CONSTRUCTION EQUIPMENT CUSTOMERS


http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=2COIaZP2X7edCM&tbnid=NAWD5IJXoZeVIM:&ved=0CAgQjRwwAA&url=http://wellalogo.blogspot.com/2011/06/all-john-deere-logos.html&ei=yM6tUfHAFIyYrAeE5YDYCg&psig=AFQjCNHdwnI8KLPPM8l-WdR1bkHGBRWsbw&ust=1370431560448085�

http://www.google.co.in/url?sa=i&rct=j&q=l&t+case+holland+logo&source=images&cd=&cad=rja&docid=uEmuh-wCh2p8pM&tbnid=9TE7GQwbh69EnM:&ved=0CAUQjRw&url=http://www.dealcurry.com/20110331-L-T-Sells-Stake-In-L-T-Case-Equipment-To-JV-Partner.htm&ei=68-tUe27M8zPrQeg3oD4BA&bvm=bv.47244034,d.bmk&psig=AFQjCNEbYCZXd8UZydvNY9LWUXg-bAYI1A&ust=1370431846643568�

http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=yDt7h8bR2geuaM&tbnid=dKfHtyvIVovPUM:&ved=0CAgQjRwwAA&url=http://www.bhuwalka.co.in/bcfl/ClientTele.aspx&ei=NNKtUYX-JIiHrAexxoCQCQ&psig=AFQjCNFnAGYNFJCnYy5ymJq8cKVAhsNiZw&ust=1370432436679182�

http://www.google.co.in/url?sa=i&rct=j&q=vectra+logo&source=images&cd=&cad=rja&docid=XammIQM3HOHlXM&tbnid=juAT0nyWH2f_wM:&ved=0CAUQjRw&url=http://mail.vectraindia.com/&ei=ddqtUYKcC8HhrAeFroCQDg&bvm=bv.47244034,d.bmk&psig=AFQjCNH5H5EmSM9J5OVufiIfdKgqWnnSaQ&ust=1370434540653668�

EXPORT CUSTOMERS

Thailand

Indonesia

Taiwan


http://www.google.co.in/url?sa=i&source=images&cd=&cad=rja&docid=dnpKkKicgtUXoM&tbnid=y-bsL7cohbcUVM:&ved=0CAgQjRwwAA&url=http://www.amazon.com/Orange-Electronic-P412A-Monitoring-Navigation/dp/B003IFHDF4&ei=z9CtUYCLAs3OrQf5xIGgAw&psig=AFQjCNEabxTRcc8atwFhW7pn-EEq8teTLw&ust=1370432079115352�

RECENT CUSTOMER AWARDS


MANUFACTURING FACILITY – PRODUCTION SHOPS


Scrip Movement Q3FY15


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

THANK YOU

[email protected]


Company Identification Number (CIN) : L25119KA1975PLC002867 Sunrise Chambers, 22 Ulsoor Road, Bangalore, Karnataka, India

T: +91 80 25588965/966 F: +91 80 25586483

mailto:[email protected]�

triton valves limited q3fy15 investor presentation jan 30, … · 2018. 2. 28. · q3fy15 investor...

Documents