Transformers And Rectifiers (India) Limited has informed the Exchange about Investor Presentation
Date: 12th November, 2021 Ref: TRIL/SECT/2021-22/NSE-BSE/COMPL/33
To, The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Security Code : 532928
To, The Secretary National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Trading Symbol : TRIL
Dear Sir/Madam,
Sub: Presentation
With reference to the captioned subject, we send herewith Presentation of the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2021 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Please take the same on your record.
Thanking you,
Yours faithfully, For Transformers and Rectifiers (India) Limited
Rakesh Kiri Company Secretary
Encl.: As above.
An ISO 9001:2015, ISO 14001:2015 & ISO 45001 : 2018 CERTIFIED
Q2 - FY 2021-22 - Presentation 12th November, 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
EXECUTIVE SUMMARY Standalone Financials
ISO 45001 : 2018
ParticularsF Y 2021-22FY 2020-21VarianceRemarkSales ( MVA )599839102088 Up by 53.40%Sales25,803 17,179 8,624 Up by 50.20%EBITDA1,841 1,982 (141) Drop by 7.11%PBT470 443 27 Up by 6.09%PAT293 277 16 Up by 5.78%ParticularsF Y 2021-22FY 2020-21VarianceRemarkSales ( MVA )990885481360 Up by 15.91%Sales47,122 28,920 18,202 Up by 62.94%EBITDA3,638 3,061 577 Up by 18.85%PBT867 45 822 Up by 1826.67%PAT554 37 517 Up by 1397.30%Q2Rs. In Lakhs except Sales ( MVA )H 1Rs. In Lakhs except Sales (MVA) FINANCIALS - STANDALONE
ISO 45001 : 2018
F Y FY 2021-22FY 2020-21FY 2021-22FY 2020-212020-21Revenue from Operations 25,803 17,179 47,122 28,696 72,686 Other Income145 102 431 224 982 Total Income25,948 17,281 47,553 28,920 73,668 ExpenditureCost of Raw Materials21,323 12,407 38,127 21,079 54,774 Employee Cost746 657 1,500 1,269 2,602 Other Expenditure2,038 2,235 4,288 3,511 8,959 Depreciation389 447 797 889 1,767 Finance Cost982 1,092 1,974 2,127 4,492 Profit Before Tax470 443 867 45 1,074 Less : Tax181 170 320 15 379 Add: Other Comprehensive Income4 4 7 7 6 PAT after Comprehensive Income293 277 554 37 701 EBITDA1,841 1,982 3,638 3,061 7,333 EBITDA Margin7.09%11.47%7.65%10.58%9.95%PAT Margin1.13%1.60%1.17%0.13%0.95%H 1Particulars (Rs. in Lakhs)Q2 Q2 FY 2021-22 RESULT HIGHLIGHTS
Q2 FY 2021-22 Revenue from Operations stood at Rs. 258.03 Cr increased by 50% as compared to Q2 FY 2020-21 due to better product mix.
EBIDTA stood at Rs. 18.41 Cr as compared to Rs. 19.82 Cr during Q2FY 2020-21 due to better product mix and reduction in operational expenses.
H1 FY 2021-22 Revenue from Operations stood at Rs. 471.22 Cr, increased by 63% as compared to H1 FY 2020-21 due major increase in sales in H1 2021-22.
EBIDTA stood at Rs. 36.38 Cr as compared to Rs. 30.61 Cr
during H1 FY 2020-21 due to better product mix.
ISO 45001 : 2018
FINANCIALS - STANDALONE
ISO 45001 : 2018
Particulars (Rs. in Lakhs)As at 30th September 2021As at 31st March 2021Share Holders Fund 33,977 33,456 Long Term Borrowing 5,859 6,617 Other Non Current Liabilities 1,585 1,375 Short Term Borrowing 20,527 18,813 Current Liabilities 37,567 29,243 Current Tax Liabilities' (net) 151 - Total Equity and Liabilities 99,666 89,504 Property, Plant & Equipment 14,945 15,484 Other Non Current Assets 4,731 4,910 Cash and Bank Balances 10 21 Other Current Assets 79,980 69,089 Total Assets 99,666 89,504 FINANCIALS – KEY RATIOS
ISO 45001 : 2018
F Y2021-222020-212020-21Profitability ratiosPBT1.82%0.16%1.46%PAT1.15%0.10%0.94%EBIDTA7.65%10.58%9.95%ROCE (Annulised )13.68%11.30%14.00%Liquidity ratiosCurrent Ratio ( Times )2.10 2.72 2.37 Inventory Days140 164 130 Debtors Collection Days127 209 173 Creditors Payment Days108 156 148 Leverage ratiosDebt Equity0.78 0.85 0.76 Total Debt (TOL) to EBITDA ( Annulised )3.63 4.53 3.47 Upto Q2Particulars FINANCIALS - CONSOLIDATED
ISO 45001 : 2018
F Y FY 2021-22FY 2020-21FY 2021-22FY 2020-212020-21Revenue from Operations26,712 17,509 48,411 28,985 74,208 Other Income145 134 417 244 960 Total Income26,857 17,643 48,828 29,229 75,168 ExpenditureCost of Raw Materials20,966 12,193 37,697 20,623 54,150 Employee Cost811 720 1,625 1,384 2,844 Other Expenditure2,806 2,600 5,319 4,092 10,366 Depreciation432 489 881 974 1,934 Finance Cost1,013 1,118 2,040 2,179 4,621 Profit Before Tax829 523 1,266 (23) 1,253 Share of profit/(loss) of associates and joint ventures - - - (2) (2) Less : Tax280 171 432 (17) 488 Add: Other Comprehensive Income4 4 7 7 6 PAT after Comprehensive Income553 356 841 (1) 769 EBITDA2,274 2,130 4,187 3,130 7,808 EBITDA Margin8.47%12.07%8.57%10.71%10.39%PAT Margin2.06%2.02%1.72%0.00%1.02%H 1Particulars (Rs. in Lakhs)Q2 Q2 FY 2021-22 RESULT HIGHLIGHTS Consolidated
Q2 FY 2021-22
Revenue from Operations stood at Rs. 267.12 Cr increased by
53% as compared to Q2FY 2020-21.
EBIDTA stood at Rs. 22.74 Cr as compared to Rs. 21.30 Cr
during Q2FY 2020-21.
H1 FY 2020-21
Revenue from Operations stood at Rs. 484.11 Cr, increase by
67% as compared to H1 FY 2021-22.
EBIDTA stood at Rs. 41.87 Cr as compared to Rs. 31.30 Cr
during H1 FY 2021-22.
ISO 45001 : 2018
FINANCIALS - CONSOLIDATED
ISO 45001 : 2018
Particulars (Rs. in Lakhs)As at 30th September 2021As at 31st March 2021Share Holders Fund 35,809 35,009 Long Term Borrowing 6,040 6,809 Other Non Current Liabilities 1,699 1,494 Short Term Borrowing 21,210 19,482 Current Liabilities 38,466 29,776 Current Tax Liabilities' (net) 323 68 Total Equity and Liabilities 1,03,547 92,638 Property, Plant & Equipment 16,833 17,417 Other Non Current Assets 4,017 4,128 Cash and Bank Balances 58 98 Other Current Assets 82,639 70,995 Total Assets 1,03,547 92,638 OPERATIONAL PERFORMANCE
ISO 45001 : 2018
Upto 220kV Above 220kVSales Breakup -Customer SegmentUtilities (SEBs, Rail and Utilities etc.)12950%7041% 240 51% 130 45% 345 47%Industrial (incl. renewables)11545%8550% 168 36% 137 48% 284 39%Exports (Incl. Third Party Exports - Utilities & Power)145%169% 63 13% 19 7% 98 13%Total 258 100% 171 100% 471 100%286100%727100%H1Q2Particulars FY 2021-22FY 2020-21FY 2021-22FY 2020-21Q2H1FY 2020-21FY 2020-21In Crore%In Crore%In Crore%ParticularsFY 2021-22FY 2020-2133234446 Sales MVA3444150014134585102866585410210286In Crore%In Crore%FY 2020-21FY 2021-22 Future Business
Orders on Hand - Rs. 910 Crs as on 30th September, 2021.
Major Event during in Q2 2021-22.
We have received order for reactors from industrial consumers for
Rs. 25.73 Crs.
We have received orders from Tata Group Companies to the tune of
Rs. 22.25 Crs.
We have received orders of direct and indirect exports for Rs. 44.24
Crs
In addition to orders on hand, we have participated in bidding process of central & state utilities and quoted to industrial consumers for more than Rs. 600 Crs.
ISO 45001 : 2018
Outlook 2021-22
With the current orders on hand, execution of orders and half yearly results of the Company, we have revisited the data and projecting the revised estimate for the financial year 2021-22 as below
ISO 45001 : 2018
Original Revised EstimateSALES Rs. 800-850 Crores900-925 CroresEBITDA10% to 12%10% to 11%PAT 1% to 2%1% to 2%Outlook F Y 2021-22 STRENGTH
In-house technical & design capabilities
Design & engineering capabilities developed indigenously & in-house enabling the company to
achieve greater customization and cater to niche segments
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
without any external technological support
Cost Advantage
components
Backward integration providing timely & cost-effective access to critical raw material
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
certain special transformers
Wide product portfolio and customer base
One of the largest manufacturers of furnace transformers
Preferred supplier to many utilities & industrial companies in India
Well positioned to move up the value chain
Exported transformers to countries such as England, Canada, U.A.E., South Africa, Saudi Arabia
& Indonesia
Manufacturing customized transformers & providing requisite on-site and after-sales service
support
Robust business model with revenues split almost equally between utilities & industries
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
400/765 KV reactors and 400 Kv generator transformer.
KEMA, Netherlands BV, the world renowned short circuit testing laboratory, Successfully tested
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 Auto & Step 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
THANK YOU
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