TVS Electronics Limited has informed the Exchange about Investor Presentation
11th December, 2023
BSE Limited Phiroze Jeejeebhoy Towers, ,Dalal Street, Mumbai - 400 001
National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra - Kurla Complex Bandra (E) Mumbai - 400 051
Dear Sir/ Madam,
Sub: Investor Presentation December, 2023
Scrip Code - 532513
Scrip Symbol - TVSELECT
Pursuant to Regulation 30(2) and other respective regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are herewith enclosing the copy of Investor Presentation of the company.
Kindly take the above information on record.
Thanking You,
For TVS Electronics Limited
K Santosh Company Secretary
TVS Electronics Limited
“Arihant E-Park”, No.117/1, 9th Floor, L.B. Road, Adyar, Chennai – 600 020. Tel.: +91-44-42005200 Registered Office: Greenways Towers, 2nd Floor, No.119, St. Mary’s Road, Abhiramapuram, Chennai – 600 018 Corporate Identity Number: L30007TN1995PLC032941 E-mail id: webmaster@tvs-e.in Website: www.tvs-e.in
1
TVS Electronics Ltd.
Investor Presentation December 2023
2
Snapshot
PRODUCTS & SOLUTIONS
CUSTOMER SUPPORT SERIVCES
OPERATIONS
FY23 FINANCIALS
Leading Transaction Automation Products company
Diversified Business & Preferred Service Partner across Global Brands
600+ Employees
Revenue: INR 3,535 Mn
3+ Decades Experience
Field Support Services
6 Branch Offices 13 Warehouses
EBITDA: INR 198 Mn
Market Leaders in Point of Sale devices
Infra Managed Services – IT, Solar
57 Drop Points 740+ Authorized Partners
Net Profit: INR 95 Mn
Pioneers in DOT Matrix Printer & Keyboards
Repair & Manufacturing Services (RMS)
345 Walk in Centres
ROCE: 13%
Products developed under ‘Make in India’ initiative
E-Auction Services
Manufacturing plant at Tumakuru
ROE: 9%
Unique edge of software bundled product solutions
Servicing over 2,00,000 customers every month,19,250+ pincodes served, Logistics coverage > 90% (of total districts)
Repair Factory: 1,500 Sq.Ft. Clean Room located in Tumakuru
Net Debt to Equity ratio (0.02)x
3
Company Overview
4
Company Overview
TVS Electronics (TVS-E) Limited was incorporated in 1986, under the leadership of Mr. Gopal Srinivasan
The company has emerged as one of the frontrunners in the IT peripherals, point-of- sale solutions, field support services and infra managed services for IT
The company caters to vast customer segments including, Retail, BFSI, Shipping & Logistics, Government.
1
2
3
4
5
It is headquarters out of Chennai, India and has 1 state-of-the-art manufacturing plant, located at Tumakuru, Karnataka.
TVS-E offers a diversified portfolio of products and solutions with more than 20 products across categories and also customer support services.
Revenue (INR Mn) & EBITDA Margins (%)
Segmental Revenue (INR Mn)
Geographical Distribution (FY23)
3,079
8.6%
3,535
5.6%
2,246
3.8%
1,820
3.5%
1,075
987
2,092
2,460
690
1,556
500
1,320
FY21 Revenue (INR in Mn)
FY22
FY23
H1-FY24
EBITDA Margin (%)
FY21 FY22 Products & Solutions
FY23
H1-FY24 Customer Support Service
10%
15%
33%
42%
South
North
West
East
5
Key Milestones
Commissioned Tumkur Factory
India’s 1st language printer launched
India’s 1st POS - TVS Sprint launched
TVS Proton- World’s quickest bill printer launched
1 Mn Keyboards sold & 0.2 Mn UPS sold
Dell Service Partnership Pan India Support Service for Laptops & PCs
Exclusive Service Centers for HTC
Support for Banktech, NCR Corporation & Diebold
Break fix services for Lenovo
Last mile support for Flipkart & Amazon
Repair services for HP
Repair services for ATOS
Installation & Demo, Break-fix, Warranty Support for Daikin, Voltas, EFL.
1986 2002
2003 2006
2007 2010
2011 2015
2016 2020
2021 Onwards
1 Mn Printers sold
Made in India - Set Top Box
Mfg. of International language printer
APAC No. 2 in Dot Matrix Printers (DMP)
Ranked No. 4 Globally in DMP
Began Service segment “Servicetec”
Repairs & Refurbishment of Sony Consumer Products
Repairs for Samsung and LG Mobile phones
Flagship Service centre for Samsung
Xiaomi – Distribution business
ISO 9001: 2015 Accreditation
Improved Market Share of Products such as Thermal Printers, Barcode Scanners, Cash counters
Investments in IT: GTID Solutions and Swiftomatics Ltd. in 2022 to offer bundled solutions
6
Board of Directors
Mr. Gopal Srinivasan (Founder and Chairman) Mr. Gopal is a graduate in commerce from Loyola College in Chennai, and a MBA graduate from the University of Michigan, US. Being a passionate entrepreneur, he is actively involved in the promotion of entrepreneurship as an angel investor in association with Chennai Angels and TiE (The Indus Entrepreneurs), where he provides guidance to budding entrepreneurs on incubating businesses. He is also the Founder, Chairman and Managing Director of TVS Capital Funds Pvt. Ltd. and a third-generation member of the TVS Family. Over an entrepreneurial career spanning 30 years, he has incubated 8 companies operating in diverse sectors including technology, financial services & auto components. He is a Governing Council member of Reserve Bank Innovation Hub (RBIH), which is a centre for idea generation and development facilitating environment stewardship, encouraging collaboration, and in turn, promoting innovation in the financial sector. He has been recently appointed as the Honorary Consul for the Kingdom of Netherlands in Tamil Nadu. He was the Chairman of the Confederation of Indian Industry (CII) Tamil Nadu State Council in 2007-08, and the Chairman of CII National for Private Equity & Venture Capital in 2010- 11.
Mrs. Srilalitha Gopal (Managing Director) She is an engineering graduate in Computer Science from IISc, Bangalore, she, was appointed as director in TVS Electronics on 10th November 2011 and she was subsequently appointed as Managing Director of the Company with effect from 11th May 2018. She has been at the forefront of the various strategic initiatives directed towards increasing the profitability of the Company and drive the growth initiatives of TVS Electronics. She provides active directional support to TVS Electronics in CSR initiatives. She is also a director of TVS Investments Private Limited, holding Company of TVS Electronics. She is also the Managing Director of M/s Harita Techserv Private Limited (HTPL) since 2008. Her direction has enabled the growth of HTPL and spurred it to become one of the most preferred design engineering and talent services partners, ensuring success for every stakeholder of HTPL.
Mr. Lakshminarayan M (Independent Director) He is a postgraduate in Management studies (MMS) from Chennai, and an attendant of Harvard Business School’s Advanced Management Programme. He is a fellow member of the Institute of Cost and Management Accountants, and has a rich experience of more than three decades in the field of Infotainment System and Automotive Sector. Currently, he is the Chairman of ZF Commercial Vehicle Control Systems India Ltd., a Member of the advisory board of VOITH Industrial Services, a Member of the Board of Directors in Sansera Engineering Limited, Suprajit Engineering Ltd., ASM Technologies Ltd. He was the Managing Director of Harman International India Pvt. Ltd., a 100% subsidiary of Harman International USA from 2009 till 2017. He also had a stint at the Karnataka State and Southern Region of Confederation of Indian Industry (CII) as Chairman, and the Bangalore Chamber of Industries and Commerce as the President. He was also appointed by the government as the Chairman of the Research Advisory Board of Central Manufacturing Technology Institute, Bangalore.
Mr. M F Farooqui (Independent Director) He is a retired IAS officer and a master's degree holder in Physics and Business Administration. He is also the Chairman of The Ramco Cements Ltd. In addition, he is a member of Dispute Resolution Committee of Ministry of New and Renewable Energy Government of India and Chairman TN Human Resources Reform Committee. He retired as the Secretary of Department of Telecommunications (DoT) and Chairman of Telecom Commission in June 2014. He was also the Secretary in the Department of Heavy Industry. While serving in the Government of Tamil Nadu, he played a crucial role in increasing the footprint in Tamil Nadu of the industry especially Electronic hardware and Automobile sectors as the Principal Secretary of the Department of Industry. He also served as Special Secretary in the Ministry of Environment and Forests, and helped in shaping critical environmental policies in the Ministry. During his career, also worked as the Joint Secretary in the Department of Economic Affairs, under the Ministry of Finance and as the Consul General of India in Jeddah, Saudi Arabia. He also had a stint as the Chief Executive and Member Secretary in the Chennai Metropolitan Development Authority (CMDA).
7
Board of Directors
Mr. R S Raghavan (Director) He is a Chartered Accountant, Cost Accountant and Company Secretary, he is the Non Executive Non Independent Director of TVS Electronics. Mr. Raghavan’s experience spans corporate finance, business performance, investment, governance, mergers & acquisitions, strategy, fund raising, Investor relations, talent/people management, legal etc. A professional with nearly 41 years experience in the manufacturing and financial services Industry like VCPE, NBFC, Wealth management, manufacturing etc., he brings deep financial experience and significant understanding of business, risk management. He is currently the Non Executive Non Independent Director of TVS Capital Funds Pvt. Ltd., a growth capital Private Equity firm. He is currently in the Boards of some of the group companies.
Mr. K Balakrishnan (Independent Director) Mr. K Balakrishnan is a graduate in Electronics and Communication from the National Institute of Technology at Surathkal, lndia. He is currently the Co-Founder and CEO of a SaaS platform start-up Autonom8 and the Chairman of the Board of Servion Global Solutions. He is also on the advisory Board of IIT- Palakkad, and Cisco’s start-up accelerator programme LaunchPad. He Co-founded Servion, and served as its Managing Director and Chief Executive Officer prior to taking over his current role. During the first decade of his career, he wore many managerial hats in Senior Product Management and Sales positions. Earlier, he was the Founder and CEO of Acqueon Technologies, which is a products company focused on Customer Experience Management domain, and was on the Board of Custommerce Service Excellence Foundation, a non-profit organization focused on improving customer service. He brings to the table a rich experience of more than 25 years in the Customer Interaction Management domain, with specialised expertise in Telecom and IT. With his rich knowledge and experience as the co-founder, he is an industry thought leader and enjoys successful associations with numerous large enterprises in the conceptualisation and design of their CEM programmes.
Mr. V Sumantran (Independent Director) He is an alumnus of the Indian Institute of Technology, Madras, a MS from Princeton University, and Ph.D. in Aerospace Engineering from Virginia Tech. He is also a Master’s degree holder in Management of Technology, and a Fellow of SAE International and the Indian National Academy of Engineers. He is a business leader, technocrat and academic, having worked in the USA, Europe, and Asia through a career spanning over 37 years. He is currently the Chairman and Managing Director of Celeris Technologies, Chairman of Interglobe Aviation Limited, and an advisor to several Fortune-100 organisations in autos, industrial equipment, defence, and aerospace sector. He was the Executive Vice-Chairman of Hinduja Automotive in the UK, and the Vice Chairman of Ashok Leyland as well. He also served as Chief Executive Officer in charge of the car business at Tata Motors in its early days. Previously, he had a 16-year-long career with General Motors with R&D operations in Detroit and subsequently served on deputation in Europe as Director-R&D at GM-Europe. He has co-authored a book, namely ‘Faster, Smarter, Greener: The Future of the Car and Urban Mobility’ which was published by the MIT Press in 2017.
Ms. Subhasri Sriram (Independent Director) She is currently the Joint Managing Director of Shriram Capital (P) Ltd., the holding company of the financial services and insurance businesses of Shriram Group. She has more than 3 decades of professional experience including 24 years in Shriram Group’s Financial Services business and during this period for more than 15 years held the position of Executive Director & CFO of one of their listed NBFC. Has handled many critical assignments related to implementing new organization structures, improving business processes, raising several rounds of equity from marquee investors across globe and raising external commercial borrowings. She has won the “Best Performing CFO in the NBFC Sector” for 2013 at the 8th edition of the awards instituted by a leading business television channel CNBC TV 18 and in 2016 she was also chosen as one of the most influential CFOs in India by CIMA. In the year 2022, won the Woman Leader of the Organization award from UBS Forums. She is a Postgraduate in Commerce, Fellow Member of the Institute of Cost Accountants of India (ICMAI) and the Institute of Company Secretaries of India (ICSI). She also holds Post Graduate Diploma in Systems Management from NIIT and Post Graduate Diploma in Cyber Laws from NALSAR, Hyderabad and is in the board of several listed and unlisted companies across industries.
8 8
Competitive Edge
In-house developed AI-ML Platform for service delivery brings together customers, brands, repair service providers
30+ years of experience manufacturing, repair and services
in design,
Service network capability across 95% of pin codes in India
Distribution network with last mile connectivity across 90% of Indian territory
Strong B2B presence across chosen sector, partnership with global brands
Proven capability that seamlessly links the entire value-chain of the entire product life- cycle management
One Stop Solution for customers with Made in India Products
9
TVS-E India Footprint
PAN India Network
1
13
REPAIR CENTRE
WAREHOUSES
6
345
BRANCH OFFICES
WALK-IN CENTRES
57
90%
DROP POINTS
DISTRICTS COVERED
2,800+
19,250+
FEET ON STREET
PIN CODE SERVED
DELHI
MUMBAI
HYDERABAD
TUMAKURU
BANGALORE
KOCHI
600+
SERVICE PARTNERS
140+
SALES PARTNERS
200 SEAT MULTI- LANGUAGE CALL CENTRE
KOLKATA
CHENNAI
Head Office - Chennai, Tamil Nadu
1 Factory, Repair Centre – Tumkur, Karnataka
6 Branch Offices
57 Drop Points
10 10
Marquee Clientele
Products & Solutions
Customer Support Services
Top 10 Customer Concentration*
RETAIL
Manufacturing
IT & Peripherals
96%
Health Care & Hospitality
Government Entities
Audio Lifestyle
41%
37%
28%
27%
FY19
FY20
FY21
FY22
FY23
*Note: Online Distribution Business segment with high volume low margin was terminated during FY19, resulted diversification
in customer
BFSI
IT IMS
Banking & Technology
Consumer Electronics
Banks
Solar
EVS Charging
11
TVS-E Accreditation
Best Project Excellence Awards from Quality Circle Forum of India (QCFI), Mumbai
Best project excellence award by Anexas Europe
Great Place to Work Certification
ISO 9001:2015 ISO 14001:2015, ISO / IEC 27001: 2013
Best workplaces in Electronics Great Place to Work Certification
PoSH Award – TVS-E recognized as one of the top 25 Safest Work Place in India
12
Industry & Strategic Overview
13
Electronics Industry and Government Schemes
Electronics Market in India (USD Bn)
540
Policy Initiatives and Recent Developments
145
FY 16
215
FY 19
FY 25P
•
India is one of the largest consumer electronics markets in Asia Pacific Region and is home to considerable talent for electronic chip design and embedded software. India has committed to reach US$ 300 billion worth of electronics manufacturing and exports of US$ 120 billion by 2025-26.
•
including
favourable FDI Policy
• Major Government initiatives such as ‘Digital India’, ‘Make in India’ and supportive policies for electronics manufacturing have simplified the process of setting up manufacturing units in India. India is the second fastest digitizing economy amongst the 17 leading economies of the world. The Government of India aims to make Electronics Goods amongst India’s 2-3 top ranking exports by 2026. Electronics design segment, growing at 20.1%, was 22% of the ESDM market size in FY19; it is anticipated to be 27% of the ESDM market size in FY25.
•
Source: IBEF, www.meity.gov.in
•
Under the (PLI) scheme for IT Hardware Products, the Ministry of Electronics and Information Technology has approved 14 qualified applicants. To manufacture these products in India, the government will offer incentives of USD 983.76 Mn over the next 4 years. In this duration, production worth USD 21.62 Bn and exports of USD 8.06 Bn are expected.
• Ministry of Electronics & Information Technology (MeitY) has announced “Scheme for Promotion of Semiconductor Eco-System” in India with a massive outlay of INR 76,000 Crore (USD 9.48 Bn) in 2022.
•
•
•
As per Union Budget 2023-24, the Ministry of Electronics and Information Technology (MeitY) has been allocated INR 16,549 Crore.
The PLI Scheme 2.0 for IT Hardware is expected to result in broadening and deepening of the manufacturing ecosystem by encouraging the localisation of components and sub-assemblies and allowing for a longer duration to develop the supply chain within the country. Additionally, the scheme provides increased flexibility and options for applicants, and is tied to incremental sales and investment thresholds to further incentivise growth. Furthermore, semiconductor design, IC manufacturing, and packaging are also included as incentivised components of the PLI Scheme 2.0 for IT Hardware.
As per the IT hardware PLI 2.0 scheme, an incentive of 5% will be provided by the government on net incremental sales over the base year, of goods manufactured in India, compared to 2% earlier. The base year is FY23. The Indian government had approved the six-year PLI scheme for IT hardware products with an outlay of ₹17,000 crore.
14
Strategic Overview
Single point solution provider • Our aim is to be the trusted single-point solution provider, offering reliable point of transaction and track and trace products to our customers in the banking, retail, Govt. shipping, and logistics.
Hardware devices with software solutions • The retail and parking sectors are undergoing a digital transformation and software solutions play a crucial role in optimizing operations. TVS-E provides total solutions by bundling hardware products with inbuilt solutions.
Customer Support Services - One stop solution • Global brands and Indian customers depend on trusted partners for post sales support. We offer end-to-end service which includes:
o Field support services: IT products /peripherals, POS products, Banking POS. o Infra Managed Services: IT devise endpoint computing to data
centers, both on-premise and in cloud
o Repair services : PCBA and display panel repair o eAuction services: disposal of scrap, machinery, excess
inventory, e-Waste and end-of-life management support for B2B customers.
o Our in-house CRM AI/ML-enabled platform to connect brands,
service partners, parts management, and logistics.
STRATEGIC PRIORITIES
Manufacturing IT Peripherals / Make in India • To capitalize on the demand, TVS-E focus is on enhancing manufacturing capabilities through SKD,CKD at Tumakuru and strengthening supply eco-system that cater to the evolving needs of our customers.
Contract Manufacturing Services for Tech Partners • Collaborating with our Technology partners presents a significant opportunity for growth. By leveraging our manufacturing capabilities and expertise, we assist our partners in bringing their products to market efficiently and cost-effectively. This strategic partnership will not only strengthen our relationships but also contribute to the "Make in India" initiative by promoting local manufacturing.
15
Business Overview
16
Business Segments
Product & Solutions Group (PSG) 73%
Track & Trace Products
Point of Transaction Products
Business Mix Percentage as on H1-FY24
Field Support Services
Repair and Manufacturing Services
Customer Support Services (CSS) 27%
IT Infrastructure Managed Services
E-Auction Services
17
Products and Solutions range
Product and Solutions Group focuses on Transaction Automation Products and Solutions focusing for Retail, BFSI, Govt. Shipping & Logistics segments. Under this category, the product range includes designed & manufactured, Semi knocked down assembly and ODM Products.
TVS-E pay is a solution designed focusing on entry level Retail customers – software bundled with our Hardware Products.
Touch POS Solutions
Dot Matrix Printers
Barcode Scanners
Label Printers
Electronic Cash Register
Cash drawer
Ke yboards
Mobile Label & Receipt Printer
Passbook Printer
Thermal Transfer Ribbon Blue
Cash Counter
Thermal Paper Roll
Thermal Receipt Printers
18
Products and Solutions
KEYBOARD
DOT MATRIX PRINTERS (DMP)
THERMAL RECEIPT PRINTERS (TRP)
•
Features: Robust and user-friendly, could be customized to 9 different vernacular language options, Fitted with mechanical switches for long life, Laser Etched Characters on Keycaps with an everlasting presence, Highly reliable, with more than 200,000 Hrs MTBF, 50 Mn strokes per key, Choice of Interfaces USB & PS2, Sculpted keycap with click on touch feeling.
• Market Share: Mechanical Keyboard: 78%
•
Features: Minimal Cost, Value for Money, Maximum Productivity, Superior Reliability, Sustained Dependability, user friendly.
compact,
• End Users: For printing letter-quality office documents such as invoices, bills, receipts and reports across Banks, Insurance company, Indian railways.
• Market Share: 46%
• TRP accelerates the billing process, by reducing transaction time and cutting back on long queues.
•
Features: Robust Build Quality, User friendly, portable, superior printing speed, easy to maintain, lower power consumption.
• End Users: Toll booths and at retail outlets, cafes, grocery stores, ticketing outlets, kiosks, etc.
• Market Share: 29%
• Market Leader in Thermal Printers
19
Products and Solutions
TRACK & TRACE PRODUCTS
TOUCH SCREEN POS MACHINE & CASH DRAWERS
PASSBOOK PRINTERS
• The scanners offers the freedom and
convenience to capture the codes effortlessly in a steadfast manner without any loss of information. The Design is developed bearing in mind the volume of operations and man hours involved in the retail business.
• Applications: Hands-Free Barcode reading for
Retail Application, Production Line, Laboratories, Jewelry Brand Stores.
• 3rd largest player in Barcode Scanners & Label
Printers
TOUCH SCREEN POS MACHINE
Features: Compact, durable, and rugged, Robust, stylish, and ideal for intensive billing, Easy to install and easily removable display.
End Users: Retail Outlets
CASH DRAWERS
•
•
Features: 5 Note and 8 Coin trays, Integrated cable with RJ12 connector, Three-position lock and Open drawer sensor.
End Users: Retail Outlets, Hospitality
•
Features: High speed and high performance with 94 columns, most productive and compact size; Reliable, fast and powerful with auto alignment function; Bi-directional printing method with logical seeking.
• End Users: Banks
Customer Support Services
Post Sales Service till end of Life management
21
Customer Support Services (CSS)
The Company provides customer support service catering to OEMs. These services include break fix, repair, installation, demo, IT infra management, remote-tech support, call center services, and eAuction services.
Centralized Master Data Management
Calls Management System
CAPABILITY ACROSS CATEGORIES
IT Products • Laptops • Printers • Servers
Banking & Retail • Card Machine • Electronic data capture terminals
Infra Management Services
• IT Products • Solar
Customer Enquiries and Automated Call Registration
Customer Centric Approach
Learning & Development
AMC Services
Remote Infrastructure Services
Partner Lifecycle Management
Data Science & Analytics
Repair Services
• PCBA repair • Panel repair
Auction Services
• Surplus Management Solutions for B2B • eAuction Services
Drivers of Customer support services segment at TVS-E: • Holistic service provider for post sales lifecycle management, such as the integration of Brands, Service partners, call center, parts management, logistics and related services tracked by in-house built Service platform - CRM (AI, ML) for a trusted customer experience.
22
Integrated Facility @ Tumakuru
• Manufacturing • Warehouse • • Call center
Repair Factory
23
Manufacturing Prowess
Tumakuru, Karnataka
The Tumakuru Industrial Township' is South India's first industrial corridor project, supported by Government investment. The township will feature world-class infrastructure, with the Mumbai-Chennai National Highway 48 adjacent to the site, the Bengaluru International Airport located approximately 100 km away, the Tumakuru Railway Station situated 25 km away, and the Mangaluru Port located 300 km away.
• Area: 26.4K Sq.m. campus & work area of 65,000 Sq. ft.
• Manufacturing and office facility: 2 Manufacturing blocks with 6 lines of Manufacturing & 1 office block
• Products Manufactured: Mechanical Key Boards, Dot Matrix Printers, POS Products and Consumables
• Our Established Capacity: Keyboard – 300K units p.a. and POS Products & DMP – 560K units p.a.
• Repair facility: Class 10000 clean room to repair PCBA and display panels
• Call Centre: 200 seats multi-language call centre
24
Financial Overview
25
Historical Income Statement
PARTICULARS (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
Exceptional Items
PBT
Tax
Profit After Tax
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR per share)
FY21
2,246
2,160
86
3.83%
21
78
19
-
10
2
8
0.36%
4
12
0.41
FY22
3,079
2,815
264
8.57%
12
63
10
5
208
57
151
4.90%
(5)
146
8.10
FY23
3,535
3,337
198
5.60%
15
71
14
0
128
33
95
2.69%
(3)
92
5.11
H1-FY24
1,820
1,756
64
3.52%
10
49
8
0
17
3
14
0.77%
4
18
0.77
26
Balance Sheet
PARTICULARS (INR Mn)
FY22
FY23
H1-FY24
PARTICULARS (INR Mn)
FY22
FY23 H1-FY24
Equity
Equity Share Capital
Other Equity
Non Current Liabilities
Financial Liabilities
(i) Borrowings
(ii) Lease Liabilities
Provisions
Other Non Current Liabilities
Current Liabilities
Financial Liabilities
(i) Borrowings
(ii) Lease Liabilities
(ii) Trade Payables
(iii) Other Financial Liabilities
Provisions
Current Tax Liabilities
Other Current Liabilities
926
186
740
45
0
27
16
2
1,018
186
832
103
62
28
11
2
999
186
813
104
75
14
13
2
1,055
1,091
1,026
37
24
679
152
84
13
66
33
14
682
148
78
0
136
2,212
38
25
626
153
86
0
98
2,129
Non Current Assets Property, Plant and Equipment Right to use Assets Capital Work In Progress Intangible Assets Intangible Assets Under Development Financial Assets (i) Investments (ii) Other financial assets Deferred Tax Assets (Net) Non Current Tax Assets (Net) Other Non-Current Assets Current Assets Inventories Financial Assets (i) Investments (ii) Trade Receivables (iii) Cash and Cash Equivalents (iv) Bank balances other than above (v) Other Financial Assets Other Current Assets GRAND TOTAL – ASSETS
558 75 51 2 136 12
10 1 10 3 258 1,468 469
336 352 104 6 106 95 2,026
669 166 44 18 132 13
11 6 12 9 258 1,543 619
113 465 91 23 96 136 2,212
489 214 42 11 151 2
13 14 11 23 8 1,640 520
241 552 32 23 122 150 2,129
GRAND TOTAL - EQUITIES & LIABILITES
2,026
27 27
Financial Highlights
Operational Revenue (INR Mn)
EBITDA (INR Mn) & EBITDA Margins (%)
PAT (INR Mn) & PAT Margins (%)
3,535
3,079
2,246
1,820
264
8.57%
86
3.83%
198
5.60%
64
3.52%
FY21
FY22
FY23
H1-FY24
FY21
FY22
FY23
H1-FY24
151
4.90%
95
8
0.36%
2.69%
14
0.77%
FY21
FY22
FY23
H1-FY24
ROE AND ROCE (%)
Net Debt to Equity (x)
Net Worth (INR Mn)
ROE (%)
ROCE (%)
22%
16%
FY22
3%
1%
FY21
0.06
818
926
1,018
999
13%
9%
FY23
FY21
FY22
FY23 -0.02
H1-FY24
-0.08
-0.11
FY21
FY22
FY23
H1 FY24
28
Capital Market Data
Stock Market Performance (As on 30th September, 2023)
80%
60%
40%
20%
0%
-20%
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
TVS Electronics
BSE Sensex
Price Data (As on 30th September, 2023)
Face Value
Market Price
52 Week H/L
Market Cap (Mn)
Equity Shares Outstanding (Mn)
1 Year Avg Trading Volume (‘000)
INR
10.0
345.95
448.0/239.9
6,452.08
18.6
376.7
Shareholding Pattern (As on 30th September, 2023)
Public 40.08%
Promoter & Promoter Group 59.91%
FPI/FII/DII 0.01%
29
Disclaimer
TVS Electronics Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of TVS Electronics Limited (Company), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.
Forward-looking statements involve known and unknown risks, uncertainties 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, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.
This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.
Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and 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. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.
For further details, please feel free to contact our Investor Relations Representatives:
Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: tvs-e@valoremadvisors.com Investor Kit-Link: https://www.valoremadvisors.com/tvs-e
30
Thank You