Maruti Interior Products Ltd. · BSE:SPITZE
Maruti Interior Products — Investor Presentation (December 2024)
30 slides from Maruti Interior Products's investor presentation, Dec 11, 2024
Slide 1: BSE Limited filing cover letter - Investors Presentation
To, Date : 11.12.2024 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001 Dear Sir/Madam, [ Subject : Investors Presentation Ref : Script Id : “SPITZE” and Script Code : 543464 With reference to captioned subject we hereby enclosing the Investors Presentation pursuant to regulation
Slide 2: Maruti Interior Products Limited Investor Presentation December 2024
Maruti Interior Products Limited Investor Presentation December 2024 1
Slide 3: Table of contents
Table of contents Business 01 About us 02 Overview Performance 03 Highlights 04 Way Forward Industry 05 Overview 06 Annexures 2
Slide 4: About Us
01 About Us 3
Slide 5: About Us
About Us ▪ Leading manufacturer of Storage Accessories for Modular Kitchen and Wardrobe. ▪ Selling products through 2 brands - “Everyday” & “Spitze by Everyday”. ▪ Everyday Kitchen Storage Accessories is the economical product range. ▪ Spitze by Everyday is the Premium Product Range. ▪ Offers a wide
Slide 6: Our Evolution
Our Evolution 1997-2000 2001-2016 2017-2021 2022-2024 Started the company as Established the brand Spitze by Everyday awarded Tied up with a European Ravi Bearings Pvt Ltd in Spitze by Everyday as with Prestigious Brand of brand called Albatur for 1997. the premium range of India 2021 in rising cate
Slide 7: Management Team
Management Team Purushottam Rudabhai Paresh Purshottam Nirmal Paresh Nirbhay Paresh Parul Paresh Lunagaria Lunagaria Lunagaria Lunagaria Lunagaria Promoter and Director Promoter and MD Director and CFO Director Director A retired Banker and Having more than 35 Involved in the business Actively looki
Slide 8: What sets us apart?
What sets us apart? 800+ Wide range of 800+ products for different customer segments Focus on Quality TUV Nord – ISO 9001:2015 Certification Brand Recognition “Spitze by Everyday” - India’s Most Trusted Brand in the Kitchen & Wardrobe Accessories Segment 7
Slide 9: Business Overview
02 Business Overview 8
Slide 10: Business Structure
Business Structure Maruti Interior Products Ltd Contract Manufacturing Own Brand Exports (15%) (85%) Imports Own Manufacturing Commercial Storage Solutions OEMs Retail (75%) (25%) Distributors Dealers 9
Slide 11: Modular Kitchen Products
Modular Kitchen Products ▪ The company manufactures a wide range of products (fitting and accessories) which enables efficient and effective use of modular kitchen furniture. ▪ The “Spitze” range of premium products is among the top 3 preferred premium products used by OEMs for modular Tandem Pantry
Slide 12: Wardrobe Storage Accessories
Wardrobe Storage Accessories ▪ The wide range of wardrobe storage accessories with the “Spitze” range of premium products works well with OEMS and customers to get the desired finish and quality, as well as to meet their purpose of the fitting. ▪ Wardrobe Long Handles find use across kitchen drawers
Slide 13: Manufacturing Facilities
Manufacturing Facilities Fully Automatic Machines ▪ Wire Straightening ▪ Wire Cutting ▪ Wire Bending ▪ Wire Welding ▪ Laser Cutting Single Production Facility manufacturing ▪ Backed by Active Environmental Protection facility ▪ Ensures low toxic waste across 8000 Yards ▪ Results in Economic & Enviro
Slide 14: In-house Design, Testing & Certifications
In-house Design, Testing & Certifications Features of Wire Racks Design & Certification ▪ Wire Diameter Range : 1 mm to 12 mm ▪ All products are tested to maintain the ▪ 2D and 3D wire bending parts and full product quality standards welded products ▪ Company has been awarded for ▪ Mild steel and St
Slide 15: Our Presence
Our Presence North America India Europe 25+ Distributors Asia 300+ Dealers 14
Slide 16: Performance Highlights
03 Performance Highlights 15
Slide 17: Key Highlights
KEY HIGHLIGHTS EBITDA (Rs. Mn) & PAT (Rs. Mn) & Revenue Breakup (%) EBITDA Margin (%) PAT Margin (%) 1% 2% 8% 5% 16.9% 12.1% 8.9% 99% 98% 92% 95% 30.8 5.9% 21.9 16.3 10.7 H2FY23-24 H1FY24-25 H2FY23-24 H1FY24-25 FY22 FY23 FY24 H1FY24-25 EBITDA Margin EBITDA Margin Domestic Exports 16
Slide 18: Half Yearly Income Statement
Half Yearly Income Statement Particulars (Rs. in Mn) H1FY24-25 H2FY23-24 H1FY23-24 YoY% HoH% Revenue From Operations 182.03 181.03 196.07 (7.16) 0.55 Total Expenditure 151.19 159.10 160.92 (6.05) (4.97) EBITDA 30.84 21.93 35.15 (12.26) 40.64 EBITDA Margin (%) 16.94 12.11 17.93 (99) bps 483 bps Other
Slide 19: Current Capacities and Capex Plan
Current Capacities and Capex Plan Kitchen Storage & Aluminium Handle & Planned capex Accessories Profiles 86.3% 85.0% ▪ Capital Expenditure of ~Rs 6 Cr in FY24 74.0% 75.0% 79.6% 80.0% 70.0% 74.0% ▪ Capex of approx. Rs 3 Cr in FY25 ▪ Total capacity enhancement by 2 TPD 650 ▪ Expansion to 75 600 600 6
Slide 20: Annual Income Statement
Annual Income Statement Particulars (Rs. in Mn) FY21 FY22 FY23 FY24 Revenue From Operations 151.94 279.71 388.86 377.11 Total Expenditure 121.26 232.24 326.33 320.02 35% EBITDA 30.68 47.47 62.53 57.08 Revenue CAGR FY21 to FY24 EBITDA Margin (%) 20.19 16.97 16.08 15.14 Other Income 0.41 0.53 2.83 1.7
Slide 21: Annual Balance Sheet
Annual Balance Sheet Equity & Liab (Rs. in Mn) FY21 FY22 FY23 FY24 Assets (Rs. in Mn) FY21 FY22 FY23 FY24 Share Capital 1.50 75.50 75.50 151.00 Fixed Asset 62.54 69.77 66.53 196.63 Reserves & Surplus 101.63 159.72 202.85 157.99 Work In Progress - 27.22 64.17 21.43 Total Equity 103.13 235.22 278.35 3
Slide 22: Way Forward
04 Way Forward 21
Slide 23: Way forward
Way forward Expand Network Capex Automation New Products Growth ❑ To add 1000 dealers ❑ Expand overall ❑ Installation of ❑ Commercial storage ❑ Aiming at Pan-India in the next production capacity automatic Nickel / solutions for Sustainable 5 years. from 2 TPD to 4 TPD. Chrome Plating Plant internat
Slide 24: Industry Overview
05 Industry Overview 23
Slide 25: Modular Kitchen Market
Modular Kitchen Market Global Market Indian Market ▪ USD 21.1 Bn (2022) ▪ USD 3.67 Bn (2023) ▪ Expected to be USD 33.1 ▪ Expected to be USD 13.57 Bn by 2030 Bn by 2029 ▪ CAGR : 5.12%* ▪ CAGR : 24.36%** Key Drivers Major Players ▪ Growing per capita income ▪ Hettich ▪ Increase in construction ▪ Sleek
Slide 26: Industry Growth Drivers
Industry Growth Drivers ▪ Growing middle-class population ▪ Ever expanding Online Sales ▪ Increasing number of housing units platforms enabling orders as per ▪ Decrease in the size of households choice, need and budget ▪ Growing demand for premiumization ▪ Growing Residential Segment ▪ Changing cust
Slide 27: Annexures
06 Annexures 26
Slide 28: Brand Following
Brand Following 35 Followers 23.2 K Followers 23.7k Followers 4,593 Followers 63.1k Followers 357 Followers 293 Followers 38 Followers 2.03k Subscribers 29k+ Likes 36k Likes 27
Slide 29: Awards and Recognition
Awards and Recognition PRESTIGIOUS RISING POWER BRAND - “Spitze By BRANDS OF INDIA - Everyday” has been again Rising Category awarded India’s 20 Most Modular Kitchen Impactful Power Brands in Accessories, 2021. Power Brands Indian Superpower Edition, 2022-23. POWER BRAND - “Spitze by INDIA’S MOST Ev
Slide 30: Thank You
Thank You Maruti Interior Products Limited KAPTIFY® Consulting Email: [email protected] Strategy & Investor Relations | Consulting www.everyday-india.com (M): +91 845 288 6099 | (E): [email protected] www.spitzebyeveryday.com www.kaptify.in 29
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