Triton Valves Ltd

Meeting Details

• Date of investor call: 21 August 2026.
• Type and mode: group investor conference call, virtual.

Participants

• Key governance participant: Company Secretary & Compliance Officer.

Purpose

• Purpose: investor conference call.

Additional Notes

• Recordings uploaded; available on company website.

Business overview

• Consolidating manufacturer of Automotive and Climate Control Valves/Cores.
• Segments: Automotive, Metals, Climate Control; group includes Triton Valves Future Tech for backward integration.
• Strategic moves include merger with Climatech Private Limited and a bonus issue of shares.

Operational highlights

• Bonus issue completed: 3 fully paid-up shares for 1 share held.
• Merger with TritonValves Climatech Private Limited completed.
• Net brass borings sales reporting initiated in Q1 FY27.
• Metals throughput funded; inter-company purchases expanded; forward integration focus.

Financial performance

• Q1 FY27 consolidated revenue ₹186.60 cr; EBITDA ₹12.41 cr; PAT reported ₹9.79 cr.
• PAT normal ₹5.25 cr; standalone Q1 FY27 revenue ₹107.61 cr; gross margin 24.1%, operating 6.5%, EBITDA 6.7%.
• Balance sheet: net worth ₹138.05 cr; cash ₹2.37 cr; total debt ₹157.58 cr; current ratio 1.27.

Capital structure & liquidity

• Share capital increased via bonus issue; capital employed ₹295.63 cr.
• Short-term loans ₹133.40 cr; long-term loans ₹24.18 cr; total debt ₹157.58 cr.
• Liquidity modest with cash ₹2.37 cr; ROCE 12.5%.

Strategic priorities & outlook

• Focus on Automotive (EV components, TPMS), Metals (special alloys), Climate Control.
• Automation, cost optimization, and throughput expansion; diversify supplier/customer base to de-risk.
• Backward integration via Future Tech; external sales and Western Europe exports to mitigate risk.

Risks & governance

• Seasonal weakness in Climate Control causing sluggish sales; mitigated by broader product mix.
• Increased inter-company procurement and external sales to balance revenue.
• Governance changes reflect consolidation of ownership via merger and bonus issue.

Meeting Details

• Date and time: 21.08.2026, 04:00 PM IST
• Mode: Audio/Video Call
• Type: Investor Call
• Organizer: Triton Valves Limited
• Purpose: Discuss financial results and operations for quarter ended June 30, 2026
• Registration: Registration required to participate; details in the filing

Participants

• Key participants: Company management

Purpose

• Purpose: Discuss Q1 2026 results and operations

Record Date for Dividend Entitlement

• Dividend eligibility for FY2026 ended March 31, 2026, subject to AGM approval.
• Security: Equity shares.
• Record date: Friday, September 18, 2026.
• AGM date: September 25, 2026; dividend subject to shareholder approval.

Standalone results

• Revenue from operations: 10,760.90 lakhs in quarter ended 30-06-2026.
• Total income: 10,902.57 lakhs for the quarter.
• Profit before tax: 338.03 lakhs.
• Profit after tax: 747.90 lakhs.
• EPS (basic/diluted): 14.60 Rs.

Consolidated results & segments

• Revenue from operations: 18,659.50 lakhs; total income 18,679.26 lakhs.
• Profit before tax: 615.04 lakhs; Profit after tax: 978.92 lakhs; EPS: 19.11 Rs.
• Consolidated segment revenues: Automotive 10,371.58; Metals 7,898.60; Climate Control 389.32.
• Consolidated segment profits: Automotive 441.33; Metals 253.06; Climate Control -106.31.
• Total comprehensive income: 979.07 lakhs.

Capital actions & notes

• Bonus issue approved; 3:1; 38,41,581 bonus shares issued; authorized capital increased.
• Deferred tax asset recognized from TVCT merger: 431.79 lakhs.
• Labour codes: gratuity liability +142.56 standalone; +151.78 consolidated (exceptional items).
• Auditor's review: unmodified for standalone and consolidated results.

Dematerialisation status and ownership update

• Dematerialisation requests received were confirmed to depositories; securities dematerialised have been listed on the exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled; depositories updated as registered owner within the prescribed timeline.

Business overview

• Triton Valves makes automotive valves, brass products, and climate control components.
• Post-merger, automotive and climate control will operate as separate segments.

Operational highlights

• Automotive Q4 sales rose to INR 86.17 crore, up INR 7.87 crore sequentially.
• Second casting line for Metals BU was installed for Q1 FY27 readiness.
• Climate Controls losses narrowed through tighter discretionary spending.
• Bonus issue of three shares for each share was completed and listed.

Financial performance

• FY26 group sales were INR 578.42 crore, up from INR 488.37 crore.
• FY26 reported PBT was INR 13.70 crore versus INR 7.73 crore last year.
• FY26 reported PAT was INR 9.71 crore versus INR 5.12 crore last year.
• FY26 group EBITDA margin improved to 7.04% from 6.61%.
• Automotive FY26 sales rose to INR 322.70 crore; Metals to INR 240.73 crore; Climate Controls remained loss-making.

Cash and balance sheet

• Operating cash flow was INR 20.95 crore, or 3.6% of sales.
• Net worth increased to INR 128.33 crore from INR 109.22 crore.
• Debt-equity improved to 1.03 from 1.21.
• Current ratio improved to 1.20, and ROCE rose to 11.1%.

Strategy and outlook

• Management aims to grow profitably across all verticals, focusing on high-margin products.
• Export sales, customer price increases, and new projects are key growth drivers.
• Capital allocation will prioritize automation, throughput improvement, and zero-base project evaluation.
• Merger closure of TritonValves Climatech is targeted by June 2026.

Risks

• Commodity and foreign exchange volatility can pressure automotive margins.
• West Asia developments are being monitored as an external business risk.
• Management seeks to offset risk through inter-company sales and purchases.

Governance

• The company completed a 3:1 bonus share issue.
• Climatech merger is expected to simplify the group structure after closure.