Sansera Engineering Limited has informed the Exchange about Investor Presentation
August 6, 2022
The National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra – Kurla Complex Mumbai 400051
The Department of Corporate Services BSE Limited, P.J. Towers, Dalal Street Mumbai 400001
Scrip Symbol: SANSERA
Scrip Code: 543358
Dear Sir/ Madam
Subject: Investors Presentation
Please find attached a copy of Investors presentation that would be used in the earnings call on August 8, 2022 at 10.00 am (IST) on the Unaudited financial results of the Company for the quarter ended June 30, 2022.
The above presentation will also be made available on the website of our Company at www.sansera.in.
Kindly take the same in your record.
Thanking you,
for Sansera Engineering Limited
Rajesh Kumar Modi Company Secretary and Compliance Officer M.No. F5176
Encls: a/a
SANSERA ENGINEERING LIMITED (Formerly Sansera Engineering Pvt Ltd) Reg Off: No. 143/A, Jigani Link Road, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309 E-mail id: info@sansera.in Website: www.sansera.in CIN: L34103KA1981PLC004542
DIVERSIFICATION. EXPANSION. PROGRESSION.
SANSERA ENGINEERING LIMITED
INVESTORS PRESENTATION
AUGUST 2022 1
Safe harbour
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sansera Engineering 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.
This presentation contains certain forward looking statements concerning the Company’s future business prospects and business
profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward
looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding
fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and
abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international
operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company
does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or
update any forward looking statements made from time to time by or on behalf of the Company.
2
Quarterly Highlights
Quarterly Highlights
Rs in Mln
Margins
Total Revenues
EBITDA
PAT
16.3%
17.3%
4.8%
6.5%
35%
5,329
3,951
43%
922
645
84%
348
189
Q1FY22
Q1FY23
Q1FY22
Q1FY23
Q1FY22
Q1FY23
›
›
In the current scenario, Sansera registered a healthy 35% YoY growth in total revenues
In line with our long term strategy, revenue improved by 4% to reach 20% of total revenue
share of auto tech agnostic, xEV and non auto
› With better capacity utilization, the company’s EBITDA margin improved from 16.3%
(Q1FY22) to 17.3% (Q1FY23)
›
PAT for the quarter increased by 84% to Rs. 347.8 Mln and margin increased from 4.8% to 6.5%
› As on 31-Jul-22, our order book with annual peak revenues stood at Rs 11.12 bn
Toyota Industries Best Target Achieved Supplier in Delivery of the year 2021
4
Group CEO’s Message
Mr. B R Preetham Group CEO
Commenting on the performance Mr. B R Preetham Group CEO, Sansera Engineering Limited said,
“With a 35% yoy growth in our topline of Rs. 5,329 Mn, once again, Sansera reported a healthy set of numbers. As the precision
forged and machined components supplier with the comprehensive capabilities, we have created a unique value proposition for
our customers. As a result, we have added new customers and our existing customers are expanding their product basket with us.
Slowly and steadily, our product portfolio is shifting towards our long-term vision which we have set forth. In Q1 FY23, Auto-Tech
Agnostic & xEV products contributed 9% of the topline vs 4% in Q1FY22 and 6% in FY22. As on 31-Jul-22, our orderbook with annual
peak revenues stood at Rs 11.1 bn, with auto ICE contributing Rs 5.3 bn/ 48%, auto tech-agnostic adding Rs 3.4 bn/ 31% and non-
auto accounting for Rs 2.4 bn/ 22%. This orderbook also echoes our evolving product mix and customer base. Going forward, our
growth will come on both auto and non-auto side
The Indian auto-ancillary manufacturers are well positioned and appreciated for their work in the areas of robust component
development, consistent quality and clear-cut price advantage. Besides, China Plus one strategy has also been helpful in acquiring
more and more businesses. Sansera is well equipped to capture these growth opportunities with long history of operational
excellence.
We also see strong growth opportunities in the new technologies, new materials and we are committed to grow in these areas while
mitigating business risks. We expect technology agnostic and non-auto components to grow by around 50% in FY23, with our new
facility coming on stream, aerospace & defence would be a major contributor to this growth. I am confident that the investments
we have been making on aerospace and defense side will help us tremendously as this long-anticipated industry recovery arrives.”
5
Strong and diverse business pipeline for future growth
276 LOIs/Purchase Orders from 74 customers in the auto and 34 customers in the non-auto sector
Strong pipeline…
…with 276 LOIs/Purchase Orders
…and rising peak annual revenues
Automotive customers (#)
Rs. 14.9 Bn
Rs. 11.1 Bn
International
10 xEV Customers
5 (2W)
3 (PV)
2 (CV)
74
Indian
Non – automotive customers (#)
International
34
Indian
Non-Auto
39%
Auto - ICE
36%
24%
Auto-Tech Agnostic & xEV
16%
21%
62%
22%
31%
48%
Non-auto
Auto-Tech Agnostic & xEV
Auto-ICE
Auto-ICE
24% (PV & CV)
24% (2W)
Apr-22
Jul-22
39%
61%
60%
40%
Domestic
Global
In April-22, we had a won a framework order from a leading North American OEM for development, manufacturing and supply of connecting rods starting July 2025 worth Rs. 3.0 Bn. As intimated on 26-Jul-22, basis recent review of business plan/ strategy, our customer has decided to drop this project, consequent to which, the contract awarded to the company by the aforesaid OEM stands withdrawn
6
Represents LOIs / POs for which production has started beyond 1-Apr-2022 or is yet to start.
Sales Mix
Sales mix (%)
Q1FY23
Q1FY22
FY22
FY21
By End-Use Segments
Auto – ICE
Auto-Tech Agnostic & xEV
Non-Auto
TOTAL
By Geographies
India
Europe
USA
Other Foreign Countries
International
Exports from India
Sweden Sales
80%
9%
11%
100%
71%
17%
9%
3%
29%
22%
7%
84%
4%
12%
83%
6%
11%
83%
5%
12%
100%
100%
100%
Q1FY23 – Auto – ICE breakdown
59%
26%
11%
4%
41%
31%
10%
63%
24%
9%
4%
37%
28%
9%
65%
25%
7%
3%
35%
26%
9%
2W-Scooters
3W 1%
8%
CV
10%
36%
2W-Motorcycles
25%
PV
% reflect percentage of total sales
7
TOTAL
100%
100%
100%
100%
Consolidated Profit & Loss Account
Particulars (Rs. in Mln)
Total Revenue
Cost of goods sold (incl power & fuel cost)
Gross Profit
Gross Profit Margin
Employee benefit expenses
Other Expenses
EBITDA
EBITDA Margin
Depreciation and amortisation expense
EBIT
EBIT Margin
Finance Cost
Profit before Tax
Tax
Profit After Tax
Profit After Tax Margin
EPS – Basic (Rs.)
EPS – Diluted (Rs.)
Q1FY23
Q1FY22
5,329.3
3,084.6
2,244.7
42.1%
774.4
548.4
921.9
17.3%
307.2
614.7
11.5%
136.7
478.1
130.2
347.8
6.5%
6.52
6.34
3,951.0
2,279.9
1,671.1
42.3%
634.5
392.1
644.5
16.3%
275.3
369.2
9.3%
116.3
252.9
64.3
188.7
4.8%
3.63
3.50
YoY
35%
34%
43%
66%
89%
84%
FY22
20,045.3
11,895.9
8,149.4
40.7%
2,773.6
1,885.0
3,490.8
17.4%
1,197.0
2,293.8
11.4%
510.1
1,783.7
464.8
1,318.9
6.6%
25.27
24.36
FY21
15,723.6
9,167.2
6,556.4
41.7%
2,137.5
1,466.8
2,952.1
18.8%
1,016.8
1,935.4
12.3%
473.9
1,461.5
362.8
1,098.6
7.0%
21.02
20.55
YoY
27%
24%
18%
19%
22%
20%
8
Company Overview
Sansera Engineering Ltd.: Today
An engineering-led integrated manufacturer of complex and critical precision forged and machined components catering to OEMs globally
Well diversified business across……
Ready to capture upcoming opportunities with….
End-user applications
89%
Automotive
11%
Non-automotive
Products
43% 18% 16% 5% 4% 3% 1% 10% Others Connecting rods
Crank shaft assembly
Aerospace products
Gear shifter forks
Integral crankshaft
Rocker arms
Stem comp
Geographies
63%
India
Customers
37%
International
50
Auto
28
Non-Auto
78
Total
25
Countries
Integrated manufacturing facilities
›
Entire manufacturing process being carried out in- house & supported via concurrent engineering capabilities.
› Modular and fungible production lines
Strong in-house engineering capabilities
› High focus on engineering, machine building,
automation
17
Facilities
249
Dedicated team
Professional management
› Distinguished board and experienced management team
› Professional leadership – CEO, CFO & Head of Operations
Resilient financial performance & strong profitability
Q1 FY23 (Rs. Mln)
FY22 (Rs. Mln)
5,329 Total Revenues
922(17.3%) 20,045 3,491(17.4%) Total Revenues
EBITDA
EBITDA
Sales mix for FY22 Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
10
General Motors
30th annual
supplier
of the year 2021
HMSI
Honda Motorcycle & Scooter India Pvt. Ltd.
award for Environmental initiatives
well recognized by vendors
Knorr-Bremse
award for Technology support
11
Sansera’s Vision
Sansera plans to continue to improve its market share, participate in the growing xEV opportunity and diversify into technology agnostic components and non-auto sectors
Auto-Tech Agnostic & xEV
15%
Auto-Tech Agnostic & xEV
Non-auto
6%
11%
FY22
83%
Auto-ICE
2W-Scooters
3W 1%
7%
HCV
13%
36%
2W-Motorcycles
26%
PV
% reflect percentage of total sales
Non-Auto
25%
Long term (5 years)
60%
Auto-ICE
ICE:
Internal Combustion Engine
12
Leading supplier of precision forged and machined components
The critical applications of Sansera’s products and stringent quality requirements, act as a strong competitive advantage for the company
Indian market
International market (Connecting Rods)
Sansera’s Market Share (LV)
Two wheelers
Light Vehicles
Light Vehicles
Largest supplier of connecting rods, rocker arms and gear shifter forks
Largest supplier of connecting rods and rocker arms
Commercial Vehicles
Top 10 supplier of connecting rods
1.1%
0.9%
2.3%
1.9%
1.6%
1.8%
Connecting Rods Rs. 11 bn
12% FY21 – 26 CAGR
Rocker arm Rs. 5 bn
10% FY21 – 26 CAGR
Connecting Rods(LV) 289 mn units
3% FY21 – 26 CAGR
Gear shifter forks Rs. 3 bn
13% FY21 – 26 CAGR
Crankshaft Rs. 17 bn
13% FY21 – 26 CAGR
Connecting Rods(CV) 35 mn units
1% FY21 – 26 CAGR
e z i s
t
e k r a M
CY15
CY16
CY17
CY18
CY19
CY20
Sansera’s Market Share (CV)
3.3%
3.0%
3.1%
3.0%
1.7%
0.9%
Stem Comp Rs. 8 bn
14% FY21 – 26 CAGR
Source: Prospectus, Ricardo report, CRISIL report.
CY15
CY16
CY17
CY18
CY19
CY20
13
Emphasis on diversification for four decades
Over the decades, adaptation and diversification into wider market has been the key for Sansera’s growth
Received first purchase order from Maruti Udyog Limited
1 8 9 1
Received investment from Monsoon India Inflection Equity Fund
1 9 9 1
8 0 - 4 0 0 2
Commenced supply of machined connecting rods to Kirloskar Toyota
4 1 0 2
Commenced operations of the dedicated facility for Aerospace
7 1 0 2
Commissioned • biggest plant in Bidadi,
Bengaluru
• manufacturing lines for
aluminium forged products
Commenced supplies of suspension products
0 2 0 2
• Commenced development of components for PV braking assembly and BEV (Battery Electric Vehicle) drivetrain Signed lease for a new facility (>3x current facility area) for aerospace & defence Secured business for machining of aircraft engine casings
•
•
Incorporated by Mr. S. Sekhar Vasan
6 8 9 1
Joining of 3 promoters (F R Singhvi, Unni Rajgopal & D Devaraj)
6 0 0 2
Commenced operations at new plants in Haryana, Maharashtra and Uttarakhand
3 1 0 2
Investment by Client Ebene and CVCIGP II Employee Ebene
5 1 0 2
Acquired Mape Sweden, European manufacturer of engine components for HCV
9 1 0 2
Commenced development of : suspension and drive train • components for a domestic e-2W OEM
• multiple drive train
components for Hybrid PVs and steering components for PVs
• braking assembly & chassis
components for HCVs
1 2 0 2
14
Wide range of product offerings: Auto
Sansera has a track record of developing complex and critical precision engineered components for the automotive sector over multiple decades. Most of the products are sold directly to OEMs in finished (forged and machined) condition, resulting in significant value addition by us
Two - Wheelers
Passenger Vehicles
Commercial Vehicles
Product Offerings
Sales Mix FY22
Q1FY23
Roller RA
Integral CR
Crankshaft
GSF
Fractured CR
Split CR
Fractured CR
Split CR
Gear Shifter Fork
Stem Comp (Suspension)
Aluminium forged Comp. (Chassis)
Integral Crankshaft
Rocker Arm (DLC)
Gear Shifter Fork
Integral Crankshaft (Braking System)
Cabin Tilt System Comp. (Chassis)
Motorcycles 37%
36%
Scooters 10%
14%
28%
27%
13%
11%
Key Customers (Indian and Global)
Indian › 9 out of Top 10 Two
Wheeler OEMs
Global › European, US and
Japanese premium Two Wheeler OEMs
Indian › Major Japanese and European PV OEMs Indian multinational automotive manufacturing company
›
Global › Leading North American and European PV OEMs
› Global Tier 1
Supplier
Indian › Leading Indian and European OEMs › Global supplier of
actuation and motion control systems
Global › Leading European, Japanese and US OEMs
› Global suppliers of braking systems
Note: The remaining 1% of the auto segment’s revenues was contributed by Three-Wheelers in both FY22 and Q1FY23
CR: RA:
Connecting Rods Rocker Arms
15
Wide range of product offerings: Non-Auto
Over the years, the company leveraged its existing capabilities to manufacture precision components for several non- automotive sectors and established its presence in the aerospace, off-road and agriculture sectors
Aerospace
Off-road
Agriculture
Others
Product Offerings
Sales Mix FY22
Q1FY23
Speciality Seating
Aerostructure
Equipment - Housings
Fractured Split
Gear Shifter Fork
Fractured CR
Cam Shaft
Cargo Systems
Actuation parts
Lighting parts
Crankshaft
Rocker Arms
3%
3%
3%
4%
Pump Barrel
3%
3%
Fractured CR
Split CR
Integral Crankshaft (Stationary Engine)
Crankshaft
Pump Barrel
2%
1%
Key Customers (Indian and Global)
Indian › Leading
Indian Tier 1 supplier
Global › Global Tier 1 suppliers › Global European aircraft
OEM
› Global North American
aircraft OEM
› Global Recreational Vehicle OEM
›
›
Indian arm of a global supplier of fuel injection systems Indian arm of a global engine-based fuel and air management systems manufacturer
› Global OEM of Earth Moving
›
Equipment Indian arm of a global manufacturing and supply chain management co.
› Subsidiary of a leading global power
tools manufacturer
› Global marine engine manufacturer
16
CR:
Connecting Rods
Consistent track record of product development
New products coupled with addition of product capabilities laying a strong foundation for future growth
GSF (2W)
Split Connecting Rod (PV)
Fractured Connecting Rod (PV)
GSF (PV)
Integral Crankshaft (2W)
Suspension parts (2W)
Non-Auto (Agri, Industrial)
Cabin Tilt System (HCV)
Non-Auto/ (Engg. & Capital Goods)
Braking Assembly parts (PV, HCV)
Drive train parts (2W EV)
Fiscal year
1987
1997
2004
2006
2008
2010
2014
2016
2017
2018
2019
2020
2020
2021
2021
2022
Rocker Arms (PV)
Connecting Rod (2W)
Crankshaft (2W)
Aerospace parts
Drive Train / Chassis parts (PV)
Connecting Rod, Valve Bridge (HCV)
Aluminium Forged Parts (2W)
Drive train components (Hybrid EVs)
Rotor Parts (2W EV)
Steering parts (PV)
Engine Casing (Aerospace)
Suspension parts (Off-road) / Power transmission (Non-auto)
17
Diverse reach and customer base
Within India, relationship with 9 out of top 10 2 W OEMs
Globally, relationship with 6 out of top 10 LV OEMs
Globally, relationship with 3 out of top 10 MHCV OEMs
30+ years of relationship with the Leading PV OEM in India
Others
4%
USA
9%
Europe
24%
Sales Mix (FY22) (1)
Customer Relationship
Customer 1
17%
Others
46%
12%
Others
Integral CSFT Aerospace
10%
Stem comp
3%
4%
1%
GSF
5%
4+ Years
40%
CR
43%
20+ Years
20%
63%
India
7%
Customer 5
Customer 4
Customer 2
10%
Customer 3
CSFT Assembly
16%
8%
By Geography
By Customer
18%
RA
By Product
40%
10+ Years
Top 20 Customers
A wide portfolio of products across 70+ product families catering to auto and non-auto customers across 25 countries
Source: Ricardo report, CRISIL report. 1. Based on sale of products
18
Strong in-house engineering capabilities (1/2)
249 personnel working on design, engineering, machine building, automation & technical support functions
In- House Machine Building Capabilities
Automated Cells
Internal grinding machines
4 station special propose machines
Double disc grinding machines
Vertical honing machines
Highlights
› 975+ CNC Machines built in-house
› 49 machines manufactured in 2021-22
› 56 dedicated personnel in machine
building division
Outcomes
› Capital and operating efficiency
› Reduced reliance on third party
suppliers
› High responsiveness to customer needs
51
58
69
75
Automation Capabilities
32 Dedicated personnel in the automation division
Automated fracture and bolt assembly cells
Robotic final inspection cells
170 Robots installed across all facilities
Outcomes
›
›
Increased Productivity
Increased Cost Control
› Consistent Product Quality
19
d e
i l
p p u S
s e
i l i
m a F
t c u d o r P
Strong in-house engineering capabilities (2/2)
Improved Productivity, Increased Automation, Reduced Manpower
Case Study: Evolution of fractured connecting rod (CR) lines over six generations over 8 years
Manpower / Shift
“Takt” Time(1)”
(# / shift)
23
(seconds)
18
15
13
Output per day
(# of pieces)
4200
4500
5200
12
8
CR Line - 1 (Dec-10)
CR Line - 4 (Feb-17)
CR Line - 6 (Jan-19)
CR Line - 1 (Dec-10)
CR Line - 4 (Feb-17)
CR Line - 6 (Jan-19)
CR Line - 1 (Dec-10)
CR Line - 4 (Feb-17)
CR Line - 6 (Jan-19)
Interchangeable capacity and product mix across all products categories (auto and non- auto) optimising productivity & efficiency
Designed and built automated gantry lines for suspension component - stem comp
Plan to deploy the automation capabilities across other manufacturing lines
Note: 1. takt time – average time between the start of production of one piece and the start of production of the next piece.
20
Integrated manufacturing facilities
Sansera has 16 plants under operation across India, 1 in Sweden and 1 under construction in India All its facilities are located in close proximity to the client production facilities
Manesar (Gurgaon) (1)
Pantnagar (1)
Shorter product development and delivery times
Mehsana (1)
Chakan (Pune) (1)
Greater control over key inputs & processes
Streamlined production processes
Fungible production lines Interchangeable capacity across sectors (auto & non- auto) and various product lines therein
Bengaluru and Bidadi (9)
Tumkur (3)
Better capex management
Lower inventory
Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
21
Environment & Social Governance
Environment
› Waste Management
› Rejuvenation of Bommasandra Lake
›
›
Scholarship programme
Science kit support
›
Infrastructure support to Begur school
Education
› Renovation of Gurubhavan
›
School bus donated to Shivanahalli Vivekananda Ashram
› 5S implementation in School
› Distributed food packets
during COVID-19
› Donated Oxygen Concentrators
› Donated beds and ECG
› Encouraged blood donation
Healthcare
Machine to Corona Primary Health Care Centre
› Provided Oxygen
Concentrators & Bipap Donation
by Sansera employees
›
Supported Government Primary Healthcare centre
22
Way Forward
Clear path to accelerate growth
Diversify into tech-agnostic products and cater to the xEV opportunity
Consolidate and strengthen global market share in existing portfolio and diversify into technology agnostic products
Continue to leverage existing capabilities to diversify further into non-automotive businesses and expand addressable market
Retain and strengthen technological leadership through continued focus on engineering capabilities
24
Diversify into tech-agnostic products and cater to the xEV opportunity
Technologically agnostic and EV / Hybrid components developed / under development for each segment
2W / e-2W
PV / Hybrid / B-EV
CV
Drive Train Components
Suspension Components
›
›
LoI from a leading electric 2W OEM in FY21
SOP commenced from Oct-21
Steering parts
Drive Train Components
Braking System Components
Chassis Components (Cabin Tilt System)
Braking System Components
›
Supply of steering components started from Jun-21
› Developing proto samples for a
leading global BEV OEM
› Drivetrain components SOP
started from Jun-22
›
Supply of braking assembly components to start in FY23
›
›
Supply of cabin tilt system components started in FY21
Supply of braking system components started from Jul-22
Phase 1 of setting up a dedicated facility for hybrid and electric components within our existing Plant at Bengaluru has completed. Production lines for 2W-xEV and hybrid-PVs have begun mass production in Q4FY22
25
Leverage existing capabilities to diversify into non- automotive businesses & expand addressable market
Engine Casing
Suspension Components
Common Rail
›
›
›
Supply of machined engine casings to Aerospace segment started from FY22
Supply of suspension components for off-road started in FY22
Supply of common rail systems for agriculture to start in FY23
Aerospace / Defence
Bicycles
› Dedicated facility for aerospace & defence under construction in Bengaluru
Key Initiatives
›
›
Secured orders from defence sector for applications in radar system and space telescope
Secured order for supply of premium Bicycle parts from North American customer
› High potential in this growing market for forged (Aluminium, Steel) and machined parts
› Developed multiple components including CR for industrial engines & construction equipment
Other sectors
› Developed precision components for power transmission & railways segment
›
Supply power tool components used in residential & industrial sectors
26
Strengthen technological leadership
Sansera focuses on providing high value-added and technology-driven components to capture shifts in customer preferences as well as evolving regulatory requirements, such as heightened emissions control standards. Further, this would increase opportunities for us to become a preferred supplier to our customers and consolidate our position
Leveraging engineering know-how in product design
Continued focus to enhance engineering capabilities
Multiple Drive Train Components
Hybrid and BEV Transmission Systems
Business from Global Japanese OEM
Commissioned Aluminium Forging Lines
Capitalise on growing demand for light-weight and environmentally friendly components
`
Five-axis Machining Capabilities
Aluminium Forged
Intricately shaped components for ICE and Electric 2W
GSF with Moly Coating
Finger Followers with diamond like coating
For Multiple Global OEMs
PVs
For machining large structural components for aerospace
Fatigue Testing Machine
Enhance product reliability, durability and performance
27
Historical Performance
Historical Performance Highlights
Total Revenues
EBITDA
PAT
18.6%
14.4%
16.3%
14.4%
18.8%
17.4%
6.0%
5.4%
7.0%
6.6%
16,408
14,731
15,724
20,045
3,055
2,952
2,407
3,491
981
799
1,319
1,099
Rs in Mln
Margins
FY19
FY20
FY21
FY22
FY19
FY20
FY21
FY22
FY19
FY20
FY21
FY22
Net Debt / Equity
ROCE(%)
ROE(%)
0.82
0.74
18.5%
15.3%
0.55
0.57
11.4%
14.4%
15.3%
13.4%
13.7%
11.0%
FY19
FY20
FY21
FY22
FY19
FY20
FY21
FY22
FY19
FY20
FY21
FY22
ROCE : TTM EBIT / Average Opening & Closing Capital Employed (Equity + Net debt) ROE : TTM PAT / Average Opening & Closing Networth
29
Consolidated Statement of Profit and Loss
Particulars (Rs. in Mln)
Total Revenue
Cost of goods sold (incl power & fuel cost)
Gross Profit
Gross Profit Margin
Employee benefit expenses
Other Expenses
EBITDA
EBITDA Margin
Depreciation and amortisation expense
EBIT
EBIT Margin
Finance Cost
Exceptional items
Profit before Tax
Tax
Profit After Tax
Profit After Tax Margin
EPS – Basic (Rs.)
EPS – Diluted (Rs.)
FY22
20,045.3
11,895.9
8,149.4
40.7%
2,773.6
1,885.0
3,490.8
17.4%
1,197.0
2,293.8
11.4%
510.1
-
1,783.7
464.8
1,318.9
6.6%
25.27
24.36
FY21
15,723.6
9,167.2
6,556.4
41.7%
2,137.5
1,466.8
2,952.1
18.8%
1,016.8
1,935.4
12.3%
473.9
-
1,461.5
362.8
1,098.6
7.0%
21.02
20.55
FY20
14,731.4
8,811.1
5,920.3
40.2%
2,134.2
1,379.4
2,406.7
16.3%
939.0
1,467.7
10.0%
580.9
-
886.8
87.7
799.1
5.4%
15.63
15.28
FY19
16,408.1
9,869.4
6,538.7
39.9%
2,174.1
1,309.8
3,054.8
18.6%
757.5
2,297.2
14.0%
512.8
134.9
1,649.5
668.9
980.6
6.0%
18.73
18.31
Note: Restated financial statements for FY19, FY20 and FY21
30
Consolidated Balance Sheet
Assets (in Rs. Mln)
Non - Current Assets
Mar-22
Mar-21
Mar-20
Mar-19
Equity & Liabilities (in Rs. Mln)
Mar-22
Mar-21
Mar-20
Mar-19
14,264.4
12,461.6
11,899.8
11,213.7
Total Equity
10,353.2
8,887.4
7,768.6
6,945.2
Property Plant & Equipments
11,040.5
10,000.1
9,421.3
8,890.7
Share Capital
104.3
93.9
93.9
93.9
CWIP
Goodwill
Other Intangible assets
Right of use asset
Financial Assets
i) Investments
ii) Loans
iii) Other Financial Assets
Tax assets for current taxes (net)
Other Non-Current Assets
Current Assets
Inventories
Financial Assets
(i) Investments
(ii) Trade receivables
1,224.3
352.3
24.0
977.3
104.9
15.7
288.0
28.3
209.3
604.2
358.4
19.2
892.4
36.9
284.5
14.1
27.1
224.7
683.4
323.6
25.7
873.0
36.9
267.1
34.8
29.3
204.7
488.6
324.2
32.5
896.6
-
257.3
34.2
62.5
227.0
7,945.3
6,827.3
6,382.6
2,776.0
2,485.7
2,389.2
6,241.2
2,434.6
6.0
5.6
3.5
5.3
4,085.6
3,129.8
2,591.2
2,712.4
Instruments entirely equity in nature
-
105.0
105.0
105.0
Other Equity
Non-Controlling Interest
Non-Current Liabilities
Financial Liabilities
10,129.5
8,583.6
7,482.9
6,655.0
119.3
105.0
86.8
91.4
4,479.7
3,923.8
3,622.9
4,226.6
(i) Non-current borrowings
2,335.0
1,876.5
1,718.3
2,133.8
(ii) Lease liabilities
910.6
810.3
788.6
805.7
(iii) Other Financial Liabilities
Non-current provisions
Deferred Tax Liabilities
Other Non Current Liabilities
Current Liabilities
Financial Liabilities
-
-
82.2
641.9
509.8
151.8
618.0
467.2
11.0
126.9
552.3
425.9
76.9
85.8
703.0
421.3
7,376.9
6,477.7
6,890.9
6,283.1
(i) Current borrowings
4,116.4
2,552.3
3,554.1
3,043.1
(iii) Cash and cash equivalents
383.4
365.0
(iv) Bank balances other than cash and cash
equivalents
(v) Loans
(vi) Other Financial Assets
Other Current Assets
Total Assets
119.8
286.4
25.2
201.7
347.5
29.3
193.6
331.9
600.1
116.4
236.5
445.7
239.3
76.7
(ii) Lease liabilities
(iii) Trade payables
(iv) Other financial liabilities
-
-
Other Current Liabilities
256.5
516.4
Current Provisions
Current tax liabilities (net)
102.5
110.9
96.9
86.5
2,653.0
2,270.5
1,729.0
1,865.6
121.8
263.5
111.1
8.5
1,236.7
1,218.3
1,002.4
207.6
164.5
137.6
99.1
0.6
98.5
29.5
65.4
82.5
22,209.7
19,288.8
18,282.4
17,454.8
Total Equity & Liabilities
22,209.7
19,288.8
18,282.4
17,454.8
31
Note: Restated financial statements for FY19, FY20 and FY21
Consolidated Cash Flow Statement
Particulars (in Rs. Mln)
Net Profit Before Tax
Adjustments to reconcile profit before tax to net cash flows:
Operating profit before working capital changes
Changes in working capital
Cash generated from Operations
Income taxes paid, net
Net Cash from Operating Activities
Net cash used in investing activities
FY22
1,784.6
1,713.0
3,497.6
(937.8)
2,559.9
(429.2)
2,130.7
FY21
1,461.5
1,375.4
2,836.9
54.1
2,891.0
(330.6)
2,560.4
FY20
886.8
1,522.7
2,409.4
257.6
2,667.0
(254.9)
2,412.1
FY19
1,649.5
1,266.6
2,916.1
(316.6)
2,599.5
(415.0)
2,184.5
(2,553.1)
(1,394.7)
(1,770.9)
(2,376.1)
Net cash (used in)/generated from financing activities
Net Decrease in Cash and Cash equivalents
Add: Cash & Cash equivalents at the beginning of the year
Effect of exchange differences on translation of foreign currency cash and cash equivalents
465.5
43.0
365.0
(24.5)
(226.3)
600.1
(8.8)
(1,392.0)
(289.2)
Cash & Cash equivalents at the end of the year
383.4
365.0
352.0
239.3
8.8
600.1
144.7
(48.1)
343.4
(56.0)
239.3
Note: Restated financial statements for FY19, FY20 and FY21
32
Annexure
Experienced Professional Management Team
Sansera is an employee driven, professionally managed organization. Majority of the senior management has been with the Company for more than 10 years and have led the expansion of our product families and customer base, resulting in business growth and diversification
B R Preetham Group CEO
Vikas Goel CFO
Praveen Chauhan Vice President (Group Operations)
› 29+ years of experience and has oversight across all areas of business including developing and maintaining relationships with suppliers
›
›
› Bachelor of Engineering from Bangalore University
29+ years of experience
Previously worked with Ingersoll-Rand, Stanley Black & Decker, Weir and Motherson Sumi
› Member of ICAI; Associate member of ICWAI;
Bachelor of commerce from the University of Delhi
› 35+ years of experience, ~17 years at Sansera
› Previously worked with Maruti Udyog Limited
› Diploma in Automobile Engineering from Board of
Technical Education Delhi
Satish Kumar Head Business Development
Vidyadhar Janginamath Head Engineering Design
Rajesh Kumar Modi Head Legal & Secretarial
›
›
›
›
›
34+ years of experience in Operations, Business Development. 23+ years at Sansera
Bachelor of Engineering from Bangalore University
P R Suresh Head Corp. Training & Quality system
28+ years of experience in the fields of quality systems management
Supervises the corporate training and quality systems department
Bachelor of Engineering from University of Mysore and an MBA from Indira Gandhi National Open University
›
›
›
›
›
28+ years of experience, 14+ years at Sansera
Responsible for the engineering department
Bachelor of engineering from Karnataka University
›
›
22+ years of experience in the legal and secretarial field, 3+ years at Sansera
Bachelor of law and MBA from Barkatullah University, Bhopal, Member of ICSI
Rakesh S B Head Aerospace Division
19+ years pf experience in various fields including sales, marketing and aerospace engineering, 6+ years at Sansera
Bachelor of engineering from University of Mysore
34
Distinguished Board of Directors
S Sekhar Vasan Chairman and Managing Director
F R Singhvi Joint Managing Director
Raunak Gupta Non-Executive, Nominee Director
› 39 years of experience in the field of manufacturing
› 39+ years of professional experience with 15+ years
› Director at TRG Advisors
of precision products, with Sansera since incorporation
at Sansera guiding automobile and aerospace business
› PGDM from IIM Bengaluru and Bachelor of
› Previously with M/s. Singhvi, Dev & Unni (C.A.)
Technology from IIT Madras
Chartered Accountant
Muthuswami Lakshminarayan Non-Executive, Independent Director
Revathy Ashok Non-Executive, Independent Director
› Previously, held the position of MD at Bosch and
Harman International
› Masters’ degree in Technology from IIT Bombay
› Previously with Tishman Speyer & CFO of Syntel
› Awarded ‘Faculty medal for Best Performance’ –
Habitat & Environmental Studies
› PGDM from IIM Bengaluru
› Previously with Citi VC, Motilal Oswal, Rabo India
Securities and Infosys
› PGDCM from IIM Calcutta and Bachelor of
Technology from IIT Delhi
Samir Purushottam Inamdar Additional director (Non-executive Independent Director)
› Over 40 years of experience
› Previously, held President & CEO position of major
businesses of General Electric in South Asia and as the CEO & Managing Director of Tyco Electronics in South Asia, for over 11 years
› PGDM from IIM Calcutta and Bachelors in
Mechanical Engineering from Mumbai University
35
2-Wheeler | Scooters
ICE scooter
Electric scooter
Suspension parts
Engine parts
STEM COM STEERING
Rocker arms
Connecting Rod
Crankshaft
Suspension Parts
Drive Line Parts
36
2-Wheeler | Motorcycle
EV ROTOR PARTS
ENGINE PARTS
TRANSMISSION PARTS
ALUMINIUM FORGED PARTS
STEERING, SUSPENSION & CHASSIS PARTS
Rocker Arms
Connecting Rod
Finger Follower
Crankshaft Assembly
Balancer Shaft
Gear Shifter Fork
Arm Relay
Step Holder Rider
Step Holder Rider
Boss Handle
Step Folder Pillion
37
4-Wheeler | ICE
ENGINE PARTS
TRANSMISSION PARTS
STEERING, SUSPENSION AND CHASSIS PARTS
Rocker Arms
Connecting Rod
Housing Shift Lever
Shaft Control
Shifter Fork
Spacer Input Gear
Shaft Propeller
Attachment Lower Ball Joint (LH & RH)
Piece 5R Shift
Adapter
Sprocket
Housing Shift Lever-1
Housing Shift Lever-2
Rocker Shaft
Lever Shift
Arm Shift
Piece Back Shift
Input Shafts
38
4Wheeler | xEV
DRIVELINE PARTS
BEV
Clutch Assembly Part
HYBRID PV
TRANSMISSION PARTS
Pinion Differential Drive
Motor Generator Shaft
Gear Counter Driven
Gear Motor Counter Drive
39
Commercial Vehicle
Tilt cabin system
BRAKING ASSEMBLY PARTS
Crankshaft
Guide Bush
ENGINE PARTS
TRANSMISSION PARTS
Connecting Rod
Bracket
Support Injector
Valve Bridge
Gear shifter Fork
TRANSMISSION Intermediate Ring
40
AERO STRUCTURE PARTS
CARGO PARTS
Aerospace
LIGHTING PARTS
SEATING PARTS
ENGINE AUXILLARY
ENGINE PART
EQUIPMENT HOUSING PART
41
Off Road
ATV
ENGINE PARTS
Crankshaft Assembly
Connecting Rod Balancer Shaft
SUSPENSION PARTS
TRANSMISSION PARTS
Taper Housing
Bearing Housing
42
Agricultural and Other Non-Automotive Applications
AGRICULTURE
ENGINEERING & CAPITAL GOODS
Cam Shafts
Pump Housing
Connecting Rod
Common Rail
Body Flange
Valve Bridge
Integral Crank
Hub
POWER TOOLS
OTHERS (POWER TRANSMISSION)
Hand Tools (Residential and Industrial Applications)
Fuse cap
43
Thank You
For more information please contact: Company:
Investor Relations Advisor:
Sansera Engineering Limited CIN: L34103KA1981PLC004542 Mr. Rajesh Kumar Modi, Company Secretary & Compliance Officer Email id: rajesh.modi@sansera.in
Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Shikha Puri / Hinal Kothari Email id: shikha.puri@sgapl.net / hinal.kothari@sgapl.net Tel No: +91 9819282743 / +91 9930133428