Transformers And Rectifiers (India) Limited has informed the Exchange about Investor Presentation
An ISO 9001:2015, ISO 14001:2015 & ISO 45001 : 2018 CERTIFIED
Q4 - FY 2020-21 - Presentation 25th May, 2021
DISCLAIMER
This presentation and the discussion that follows may contain certain words or phrases that are
forward - looking statements, based on current expectations of the management of Transformers and
Rectifiers (India) Limited or any of its subsidiaries and associate companies (“TRIL”). Actual results may
vary significantly from the forward-looking statements contained in this presentation due to various risks
and uncertainties. These risks and uncertainties include the effect of economical and political conditions
in and outside India, volatility in interest rates and the securities market, new regulations and
Government policies that may impact the businesses of TRIL as well as its ability to implement the
strategy.
The information contained herein is as of the date referenced and TRIL does not undertake any obligation
to update these statements. TRIL has obtained all market data and other information from sources
believed to be reliable or its internal estimates, although its accuracy or completeness can not be
guaranteed. This presentation is for information purposes only and does not constitute an offer or
recommendation to buy or sell any securities of TRIL. This presentation also does not constitute an offer
or recommendation to buy or sell any financial products offered by TRIL. Any action taken by you on the
basis of the information contained herein is your responsibility alone and TRIL or its Directors or
employees will not be liable in any manner for the consequences of such action taken by you. TRIL
and/or its Directors and/or its employees may have interests or positions, financial or otherwise, in the
securities mentioned in this presentation.
ISO 45001 : 2018
FINANCIALS - STANDALONE
Particulars (Rs. in Lakhs)
Q4 FY 2020-21
Q4 FY 2019-20
F Y
F Y
2020-21
2019-20
Revenue from Operations (Gross)
27,596
16,174
72,686
Other Income
Total Income
Expenditure
682
149
982
28,278
16,323
73,668
68,306
1,696
70,002
Cost of Raw Materials
21,567
11,479
54,774
51,559
Employee Cost
Finance Cost
Depreciation
Other Expenditure
Profit Before Tax
Less : Tax
Add: Other Comprehensive Income
PAT after Comprehensive Income
EBITDA
EBITDA Margin
PAT Margin
690
1,226
437
3,452
906
284
(4)
618
2,569
9.08%
2.19%
742
1,453
439
2,471
(261)
(98)
19
(144)
1,631
9.99%
-0.88%
2,602
4,492
1,767
8,959
1,074
379
6
701
7,333
9.95%
0.95%
2,978
4,446
1,793
9,155
71
17
17
71
6,310
9.01%
0.10%
ISO 45001 : 2018
Q4 FY 2020-21 RESULT HIGHLIGHTS
Q4 FY 2020-21
Revenue from Operations stood at Rs. 275.96 Cr increased by 70.62% as compared to Q4 FY 2019-20 due to execution export order and better product mix.
EBIDTA stood at Rs. 25.69 Cr as compared to Rs. 16.31 Cr during Q4FY 2019-20 due to better product mix and reduction in operational expenses.
FY 2020-21
Revenue from Operations stood at Rs. 726.86 Cr, increased by 6.41% as compared to FY 2019-20 due better product mix and execution of export orders.
EBIDTA stood at Rs. 73.33 Cr as compared to Rs. 63.10 Cr during FY 2019-20 due to better product mix and reduction in operational expenses.
ISO 45001 : 2018
Balance Sheet - STANDALONE
Particulars (Rs. in Lakhs)
Share Holders Fund Long Term Borrowing# Other Non Current Liabilities Short Term Borrowing# Trade Payables Current Liabilities Deferred Liabilities (net) Total Equity and Liabilities
Property, Plant & Equipment Other Non Current Assets Cash and Bank Balances Inventory Trade Receivables Other Current Assets Total Assets
As at 31st M arch 2021 33,456 6,617 795 17,165 26,176 4,715 580 89,504
As at 31st M arch 2020 32,756 4,107 828 24,307 21,968 5,814 344 90,124
15,484 4,910 2,571 19,561 40,502 6,476 89,504
16,216 4,461 3,603 19,479 40,466 5,899 90,124
ISO 45001 : 2018
FINANCIALS - CONSOLIDATED
Particulars (Rs. in Lakhs)
Q4 FY 2020-21
Q4 FY 2019-20
F Y
F Y
2020-21
2019-20
Revenue from Operations (Gross)
28,378
16,312
74,208
Other Income
Total Income
Expenditure
621
86
960
28,999
16,398
75,168
70,095
1,585
71,680
Cost of Raw Materials
21,521
11,078
54,150
50,942
Employee Cost
Finance Cost
Depreciation
Other Expenditure
P rofit Before Tax
Share of profit/(loss) of associates and joint ventures Less : Tax
Add: Other Comprehensive Income
PAT after Comprehensive Income
EBITDA
EBITDA Margin
PAT Margin
758
1,265
477
3,941
1,037
-
377
(4)
656
2,779
9.58%
2.26%
810
1,482
478
2,844
(294)
(7)
(100)
20
(181)
2,844
4,621
1,934
10,366
1,253
(2)
488
6
769
1,666
7,808
10.16%
10.39%
-1.10%
1.02%
3,236
4,577
1,959
10,782
184
2
81
18
123
6,720
9.38%
0.17%
ISO 45001 : 2018
Q4 FY2020-21 RESULT HIGHLIGHTS Consolidated
Q4 FY 2020-21
Revenue from Operations stood at Rs. 283.78 Cr increased by
73.97% as compared to Q4FY 2019-20.
EBIDTA stood at Rs. 27.79 Cr as compared to Rs. 16.66 Cr
during Q4FY 2019-20.
FY 2020-21
Revenue from Operations stood at Rs. 742.08 Cr, increased by
5.87% as compared to FY 2019-20.
EBIDTA stood at Rs. 78.08 Cr as compared to Rs. 67.20 Cr
during FY 2019-20.
ISO 45001 : 2018
Balance Sheet - Consolidated
Particulars (Rs. in Lakhs)
Share Holders Fund Long Term Borrowing Other Non Current Liabilities Short Term Borrowing Trade Payables Current Liabilities Deferred Liabilities (net) Total Equity and Liabilities
Property, Plant & Equipment Other Non Current Assets Cash and Bank Balances Inventory Trade Receivables Other Current Assets Total Assets
As at 31st M arch 2021 35,009 6,809 811 17,833 26,564 4,929 508 92,463
As at 31st M arch 2020 34,314 4,142 842 24,971 22,507 6,195 241 93,212
17,417 3,953 2,683 21,797 41,579 5,034 92,463
18,302 3,523 3,705 21,344 41,846 4,492 93,212
ISO 45001 : 2018
OPERATIONAL PERFORMANCE
`
Q4 FY 2020-21
Q4 FY 2019-20
FY 2020-21
FY 2019-20
Sales MVA Upto 220kV Above 220kV
Particulars
Sales Breakup - Customer Segment Utilities (SEBs, Rail and Utilities etc.) Industrial (incl. renewables) Exports (Incl. Third Party Exports - Utilities & Power) Total
3400 4426
2636 1925
10286 10286
9008 8730
Q4 FY 2020-21
Q4 FY 2019-20
FY 2020-21
FY 2019-20
In Crore % In Crore % In Crore % In Crore
%
128 46% 80 50% 345 47% 379 56%
84 30% 75 47% 284 39% 249 36%
64 23% 5
3% 98 13% 55
8%
276 100% 161 100% 727 100% 683 100%
ISO 45001 : 2018
Future Business
Orders on Hand - Rs. 1037 Cr as on 30th April, 2021.
Major orders received in Q4 2020-21.
We have been awarded order of Rs. 49 Crs from Central Utilities for
supply various types of transformers.
We have been awarded order of Rs. 22 Crs from state Utilities for
repetitive supply of transformers.
In addition to orders on hand, we have participated in bidding process of state and central utilities for more than Rs. 600 Crs.
ISO 45001 : 2018
Outlook 2021-22
The economy which made a resilient comeback during the later part of FY 2020-21, is once again at the challenges with the onset of a more ferocious second wave of the Covid-19 pandemic, impacting many states. This is expected to temporarily slow down the growth momentum, especially during the first quarter of FY 2021-22. Once the immediate challenges of shortages in health infrastructure and availability of vaccines get resolved, the economy would once again recover back with the resumption of near normalized activity in sectors like agriculture, manufacturing, mining, construction and non-contact based services.
Our focus would be on winning of bids at optimum margins, getting export business, efficient execution of its monetary resources.
its large order book and productive utilization of
REVENUE
Rs. 800-850 Crs.
EBITDA
10% to 12%
PAT
1% to 2%
ISO 45001 : 2018
STRENGTH
In-house technical & In-house technical & design capabilities design capabilities
Design & engineering capabilities developed indigenously & in-house enabling the company to Design & engineering capabilities developed indigenously & in-house enabling the company to
achieve greater customization and cater to niche segments achieve greater customization and cater to niche segments
Designs structured so as to minimize the losses occurring within the transformer Designs structured so as to minimize the losses occurring within the transformer
Unique distinction of being approved by utilities for power transformers up to 400 kV class Unique distinction of being approved by utilities for power transformers up to 400 kV class
without any external technological support without any external technological support
Cost Advantage Cost Advantage
components components
Backward integration providing timely & cost-effective access to critical raw material Backward integration providing timely & cost-effective access to critical raw material
Installation of new machines (oven) has helped reduce cycle time to manufacture transformers Installation of new machines (oven) has helped reduce cycle time to manufacture transformers
Manufacturing entire range of transformers including power generation, T&D, industrial and Manufacturing entire range of transformers including power generation, T&D, industrial and
certain special transformers certain special transformers
Wide product Wide product portfolio and portfolio and customer base customer base
One of the largest manufacturers of furnace transformers One of the largest manufacturers of furnace transformers
Preferred supplier to many utilities & industrial companies in India Preferred supplier to many utilities & industrial companies in India
Well positioned to Well positioned to move up the value move up the value chain chain
Exported transformers to countries such as England, Canada, U.A.E., South Africa, Saudi Arabia Exported transformers to countries such as England, Canada, U.A.E., South Africa, Saudi Arabia
& Indonesia & Indonesia
Manufacturing customized transformers & providing requisite on-site and after-sales service Manufacturing customized transformers & providing requisite on-site and after-sales service
support support
Robust business model with revenues split almost equally between utilities & industries Robust business model with revenues split almost equally between utilities & industries
In house capabilities and self reliance by way of backward integration. In house capabilities and self reliance by way of backward integration.
Supported with strong technical collaboration with ZTR for 765 Kv transformer & with Fuji for Supported with strong technical collaboration with ZTR for 765 Kv transformer & with Fuji for
400/765 KV reactors and 400 Kv generator transformer. 400/765 KV reactors and 400 Kv generator transformer.
KEMA, Netherlands BV, the world renowned short circuit testing laboratory, Successfully tested KEMA, Netherlands BV, the world renowned short circuit testing laboratory, Successfully tested
our 315 MVA, 400/220/33 kV, 3 phase autotransformer our 315 MVA, 400/220/33 kV, 3 phase autotransformer
ISO 45001 : 2018
PRODUCT PORTFOLIO
Distribution Transformers
Furnace Transformers
Power Transformers
Rectifier Transformers
Classification of transformers
Range
Types
Power Transformer
Upto 1200 kV class
Generator transformer, Unit Auxiliary transformers, Step up & Step Auto transformers, Dual Voltage Primary or Secondary Three winding transformers
Interconnecting
transformers,
down
Shunt Reactor
Upto 765 kV class
Reactors upto 765 kV class
Distribution Transformers
160 kVA and above
Furnace Transformers
105 kA and above
Earthing transformers, Three winding transformers, Step up & Step down transformers, Dual voltage Primary or Secondary
Arc Furnace, Submerged Arc Furnace transformers
Induction Furnace, Laddle Arc Furnace and
Rectifier Transformers
Upto 160 kA DC
For DC power sources for Melt and Chemical Industries
ISO 45001 : 2018
TESTING LAB FACILITY
INFRASTRUCTURE 1000 Sq. meter, 25 meter high test bay with shielding suitable for partial discharge measurements
Test Sources • 3000 kW 50/60 Hz Generator • 250kV Transformer for High Voltage
test
• 0-170kV Source Transformer for
losses measurement
• 1500 kW 200Hz Generator • 50 MVAr Capacitor Bank • 800kV Source Transformer
(provision to increase upto 100MVAr)
ISO 45001 : 2018
An ISO 9001:2015, ISO 14001:2015 & ISO 45001 : 2018 CERTIFIED
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