Steelcast Limited has informed the Exchange about Investor Presentation
AC/2079
19.05.2022
CIN
L27310GJ1972PLC002033
The Secretary, 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
Stock Code: 513517
Stock Symbol: STEELCAS
Dear Sir/ Madam,
Sub:
Investor Presentation for Q4 & FY 2021-22
In accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Investor Presentation for the Quarter and Financial Year ended March 31, 2022 (Q4 and FY 2021-22) are enclosed herewith.
This intimation is also being made available on the Company's website https://www.steelcast.net/.
Please note that an analyst(s)/ institutional investor(s) call is scheduled to be held on Thursday, May 19, 2022 at 3:30 P.M. IST to discuss with the investors the Audit Financial Results of the Company for the quarter and year ended March 31, 2022.
Dial in details for the call with diamond pass registration link is enclosed herewith.
Dial in: +91 22 6280 1550/ + 91 22 7115 8378
Pre-Registration Link - https://bit.ly/3yFTNkG
Kindly take this intimation on your record.
For STEELCAST LIMITED,
(Umesh V Bhatt) COMPANY SECRETARY
L:\AC\2079\COMPLIANCES\SECRETARIAL\COMPLIANCES\REGULATION 30\Presentation\2022.05.19\Covering letter for Presentation.doc
Bhatt Umeshkumar VasantrayDigitally signed by Bhatt Umeshkumar Vasantray Date: 2022.05.19 11:22:40 +05'30' Investor Presentation – Q4 & FY22
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particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. 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
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the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.
Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking
statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”,
“should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other
factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among
others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological
changes, (e) investment income, (f) cash flow projections, and (g) other risks.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The
Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.
2
Q4 & FY22 Financial Performance
3
Q4 & FY22 Performance Highlights
Q4 FY22 (Y-o-Y)
FY22 (Y-o-Y)
Highlights
Revenue 93.0 Crs
67.7%
Revenue 302.0 Crs
91.5%
Robust revenue and profitability growth was on the back of strong orderbook from customers across all industry and was driven by good volumes and better operational efficiencies
EBITDA 17.6 Crs
58.6%
EBITDA 63.7 Crs
102.8%
Company to set up 5 MW Solar Power Plant in Gujarat region for captive consumption
CAPEX of Rs. 18 Crs planned for FY23
PAT 9.6 Crs
116.9%
PAT 33.3 Crs
179.6%
Co. entered into a 25 yrs power purchase agreement from wind & solar hybrid power project to be set up in Gujarat region in captive consumption mode of hybrid capacity of 4.5 MW.
The investment for this project will be through a Special Purpose Vehicle (SPV) created specifically for it. The Company expects to have considerable long term savings in power costs arising from this project.
4
Q4 & FY22 Consolidated Key Highlights
Revenue (Rs. in Crs)
EBIDTA (Rs. in Crs)
PAT (Rs. in Crs)
+92%
302.0
+103%
63.7
+180%
33.3
157.7
31.4
68%
93.0
55.5
59%
17.6
11.1
118%
9.6
11.9
4.4
Q4FY21
Q4FY22
FY21
FY22
Q4FY21
Q4FY22
FY21
FY22
Q4FY21
Q4FY22
FY21
FY22
5
Geographical Revenue growth (Y-o-Y)
Exports
Domestic
+700 bps
56.0%
49.0%
-700 bps
51.0%
44.0%
FY21
FY22
FY21
FY22
6
Revenue Breakup (FY22)
Segment-wise Revenue (%)
Geography-wise Revenue (%)
1.0%
Total revenue Rs. 302 Cr
99.0%
OEM Sales Replacement Market
Total revenue Rs. 302 Cr
44.0%
56.0%
Domestic Exports
7
Quarterly Profit & Loss Statement
Particulars (Rs.Crs )
Revenue from Operations
Cost of Materials consumed
Changes in Inventories
Total Raw Material
Value Addition
Employee Expenses
Other Expenses
EBITDA
EBITDA %
Depreciation and Amortisation Expense
Finance Costs
Other Income
PBT
PBT Margin
Exceptional Items
Tax Expenses
PAT
PAT %
EPS (₹)
79.0
27.2
-11.6
15.6
63.4
7.6
39.1
16.7
21.1%
4.4
0.8
0.1
Q4FY22
Q4FY21
Y-o-Y
Q3FY22
93.0
26.8
-2.7
24.2
68.9
7.7
43.7
17.6
55.5
15.4
-3.0
12.4
43.1
5.7
26.3
11.1
67.7%
59.9%
58.6%
Q-o-Q
17.8%
8.6%
5.3%
FY22
302.0
95.0
-26.9
68.0
234.0
28.4
142.0
63.7
Y-o-Y
91.5%
FY21
157.7
36.3
-2.3
34.0
123.7
89.2%
19.9
72.4
31.4
18.9%
19.9%
4.3
0.4
0.1
13.0
3.9
1.0
0.3
6.4
14.0%
11.5%
0.0
3.4
9.6
10.3%
4.8
0.0
2.0
4.4
8.0%
2.2
103.8%
11.5
13.1%
116.9%
14.6%
0.0
2.9
8.6
10.8%
4.2
12.4%
21.1%
19.9%
17.7
1.6
0.3
44.7
13.8
3.6
1.5
15.5
14.8%
9.8%
0.0
11.5
33.3
11.0%
16.4
0.0
3.6
11.9
7.5%
5.9
102.8%
188.6%
179.6%
8
Profit & Loss Statement
Particulars (Rs. Crs.)
Total Revenue
Cost of Material Consumed
Change in Inventories
Total Raw Material
Value Addition
Employee Expenses
Other Expenses
EBITDA
EBITDA Margin (%)
Other Income
Depreciation
EBIT
Finance Cost
Profit before Tax
Tax
Profit After Tax
PAT Margin (%)
EPS (As per Profit after Tax)
FY22
302.0
95.0
-26.9
68.0
234.0
28.4
142.0
63.7
FY21
157.7
36.3
-2.3
34.0
123.7
19.9
72.4
31.4
FY20
200.6
46.3
0.4
46.7
153.9
22.8
93.8
37.3
21.1%
19.9%
18.6%
0.3
17.7
46.3
1.6
44.7
11.5
33.3
11.0%
16.4
1.5
13.8
19.1
3.6
15.5
3.6
11.9
7.5%
5.9
0.5
16.0
21.8
4.7
17.1
9.1
8.0
4.0%
3.9
FY19
317.9
73.7
14.3
88.0
229.9
25.8
145.4
58.7
18.5%
1.4
15.7
44.4
9.4
35.0
10.1
24.9
7.8%
12.3
FY18
231.2
54.7
-12.4
42.3
188.9
20.1
125.8
43.0
18.6%
1.7
14.8
29.9
11.0
18.9
-1.9
20.8
9.0%
10.3
9
Balance Sheet – Assets (1/2)
ASSET (Rs. Crs.)
Non ‐ Current Assets
Property, plant and equipment
Capital work‐in‐progress
Intangible Assets
Financial Assets
(i) Investments
(ii) Loans
Non ‐ Current Tax Assets
Other Non‐Current Assets
Total Non ‐ Current Assets
Current Assets
Inventories
Financial Assets
(i) Trade receivables
(ii) Cash and cash equivalents
(iii) Bank balances other than (ii) above
(iv) Loans
(v) Other Financial Assets
Other Current Assets
Income Tax Assets (Net)
Total Current Assets
TOTAL ASSETS
Mar-22
Mar-21
Mar-20
Mar-19
Mar-18
108.7
5.0
0.7
0.1
0.0
0.0
11.0
125.5
61.6
75.2
0.1
2.0
0.2
0.0
11.5
150.6
276.0
97.1
0.8
1.1
0.1
0.0
0.0
10.1
109.3
25.6
51.4
0.1
1.4
0.1
0.0
4.4
83.0
192.3
105.1
114.5
120.1
0.0
1.7
0.1
0.1
1.9
10.1
119.0
23.0
28.3
0.3
1.4
15.1
0.2
9.9
78.3
197.3
0.4
2.3
0.1
0.2
1.2
4.7
2.3
2.9
0.1
0.3
0.5
0.5
123.4
126.6
24.0
56.6
3.6
2.8
0.1
0.1
11.6
98.8
222.2
40.4
52.8
0.5
1.0
0.2
22.1
117.0
243.6
10
Balance Sheet – Equity & Liabilities (2/2)
EQUITY & LIABILITIES (Rs. Crs.)
Mar-22
Mar-21
Mar-20
Mar-19
Mar-18
Equity
Equity Share Capital
Other Equity
Total Equity
Liabilities
Non ‐ Current Liabilities
Financial Liabilities
(i)Borrowings
Provisions
Deferred Tax Liabilities, (net)
Other Non Current Liabilities
Total Non ‐ Current Liabilities
Current Liabilities
Financial Liabilities
(i)Borrowings
(ii) Trade Payables
Total outstanding dues of creditors other than micro enterprises and small enterprises
(iii) Other Financial Liabilities
Provisions
Other Current Liabilities
Total Current Liabilities
Total Equity and Liabilities
10.1
146.4
156.6
0.0
1.1
6.7
7.8
62.8
35.7
10.7
1.1
1.4
111.7
276.0
10.1
118.7
128.8
8.8
1.3
8.4
2.0
20.5
14.3
14.0
7.9
0.9
5.8
43.0
192.3
10.1
107.8
117.9
12.5
1.1
10.2
4.6
28.3
17.2
10.4
19.8
0.9
2.6
51.1
197.3
10.1
104.8
115.0
27.6
1.0
4.2
4.5
37.2
24.5
16.2
21.8
0.7
6.8
70.0
222.2
10.1
83.2
93.3
14.1
2.1
1.8
11.4
29.4
70.4
29.7
14.7
1.0
5.0
120.9
243.6
11
Cash Flow Statement
Cash Flow Statement (Rs. Crs.)
Profit before Tax
Adjustment for Non-Operating Items
Operating Profit before Working Capital Changes
Changes in Working Capital
Cash Generated from Operations
Less: Direct Taxes paid
Net Cash from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net increase/ (decrease) in Cash & Cash equivalent
Cash and cash equivalents at the beginning of the year
Effect of exchange rate changes on Cash & Cash Equivalent
Cash and cash equivalents at the end of the year
FY22
44.7
18.7
63.4
-50.6
12.9
13.0
-0.1
-32.7
-25.0
-57.8
-4.9
0.0
-62.7
FY21
FY20
FY19
15.6
16.2
31.8
0.9
32.8
3.5
29.3
-3.5
-13.8
12.0
-16.9
0.0
-4.9
17.0
20.4
37.4
6.7
44.1
9.7
34.4
-5.8
-24.6
4.0
-20.9
0.0
-16.9
35.1
22.7
57.8
7.1
64.9
10.8
54.1
-6.9
1.8
49.0
-69.9
0.0
-20.9
FY18
19.0
22.1
41.1
-26.5
14.6
1.5
13.2
-12.9
-21.6
-21.3
-48.6
0.0
-70.0
12
Balance Sheet Ratios
Long term Debt (Rs. Crs.)
Short term Debt (Rs. Crs)
Debt to Equity
28
70
Due to increase in business activity
63
0.91
14
13
9
Mar-18
Mar-19
Mar-20
Mar-21
Repaid entire LT debt
0 Mar-22
25
17
14
0.45
0.40
0.25
0.18
Mar-18
Mar-19
Mar-20
Mar-21
Mar-22
Mar-18
Mar-19
Mar-20
Mar-21
Mar-22
RoCE
RoE
Working Capital (in Days)
26.6%
28.4%
22.3%
21.7%
23.3%
147
143
16.8%
14.7%
13.2%
9.8%
6.8%
100
74
74
Mar-18
Mar-19
Mar-20
Mar-21
Mar-22
Mar-18
Mar-19
Mar-20
Mar-21
Mar-22
Mar-18
Mar-19
Mar-20
Mar-21
Mar-22
13
Company Overview
14
Company Overview
One of the few companies in India and Globally manufacturing Steelcastings based on Sand and Shell Casting Process
Premier Position
Company enjoys a Premier Position in the Steel Casting Industry in India
Diverse Industrial Sectors Catering to diverse Industrial sectors like Earth Moving, Mining & Mineral Processing, Locomotives, Rail Road, Construction etc.
Wide Range of Casting Products
Caters to a host of OEM’s
Wide range of casting products including Austenitic Manganese Steel and High Chromium ferro alloys
Catering to a host of Original Equipment Manufacturer (OEMs)
Highly Reputed Multinationals Clientele
Recognitions & Certifications
Caters to highly reputed multinationals clientele both in India and abroad including Fortune 500 companies
15
Key Strengths
Experienced Board back by a strong management team
Diversified Business Model, catering to varied sectors
Well Experienced Team
Unique Business Model
Recognitions & Certifications
Strong R&D and Technological Capabilities. These also are entry barriers in the business
Technology and R&D
Supplies to Premium Customer Brands
Marquee Customers
Locational Advantage
Plant situated in Bhavnagar, Gujarat has great connectivity with Ports, major cities through road and rail and through water ways
Proximity to raw material source
“One-Star Export House Status holder” Expected to increase the presence 15+ countries in the next 5 years
Developed path breaking products and process which lead to Scale-up of Business, Reduction of cost which resulted in higher profitability
16
Global Footprints
Manufacturing Capabilities
Diversified Business Model catering to Varied Industries
Existing Segments*
Earth Moving Industry
Mining
Mineral Processing Industry
Steel Plants
Cement
Construction
Foray into New Segments
Railways
Electro Locomotive
Ground Engaging Tools (GETs)
* Business done is with all OEMs
17
Focus on Research & Development…
Cost Reduction • R&D team constantly involved in and
techniques
reduction
Cost activities
Product Development • Producing complicated Low Alloy Steel Track Shoe Castings with Polymer quenching facility for most of our OEM customers in Earth Moving Equipment Manufacturing Industry
Undertakes
• Failure Analysis of Products
• Process & Product development
work in Metallurgical areas
• Support
selection/application materials
customers of
in specific
De-Sulphorise and De-Phosphorise
• Our R&D Team has developed successfully a process to De-Sulphorise and De-Phosphorise the liquid metal In Induction Furnace
Quality Assurance
• Well laid out quality assurance and R&D set-up which undertakes regular audit checks and ensures high quality
• Management attaches high importance to this
activity
Regular Audit Checks • State-of-the-Art Testing Facilities
• Detailed manual for measuring and testing of various raw materials, stores and other items
"Approved R&D Laboratory“ by the Department of Science & Technology, Government of India
18
… with continuous Technology Upgradation
State of the Art mechanical and thermal reclamation Plants for ensuring consistent quality of mold backing and facing sand; one for producing quality of vital element castings, at both the plants
Replacement of existing Spectrometer by much advanced version, also capable of measuring Nitrogen in Metal which helps better Nitrogen control for casting quality
Installation of much advanced Quenching & Agitation System for Water / Polymer Quenching of Castings, for meeting Metallurgical challenges
Installation of battery of Fully Automated CNC Machines for ensuring consistent dimensional quality of Machined Castings
1
2
3
4
5
6
7
8
•
•
•
•
(FO/LDO)
Conversion of all heat treatment furnaces from liquid fuel for achieving much higher thermal uniformity inside for the furnace chamber; an essential aspect metallurgical quality of castings
to Gas based (LPG),
Installation of 20T Double Door Heat Treatment, for more consistent temperature uniformity
Installation of In-line mold drying tunnel/hood, for consistent and uniform mold drying, in both the Plants
Benefits from newer Processes & Technology
✓ Development of Railway Castings – Side Frames, Bolsters, Couplers, Bogies, etc.
✓ Reduction in Throughput Time
✓ Substantial Reduction in Sub Surface
Defects
✓ Reduction in External Rejections leading
to Reduced PPM Levels
Installation of high-tech roll over type flood coat unit for better & consistent refractory coating molds
Installation of fully automated pouring/cooling line for ensuring consistent cooling of poured castings
✓ Enhancement in Overall Quality
✓ Improvement in Overall Yield
• Replacing from conventional Co2 molding process
to PUNB No Bake Process
• Conversion of manual molding to fully automated
flask-less fast loop molding line
✓ Adopted Superior moulding process by converting Sand Moulding CO2 Process to No Bake Pepset Process
19
Locational Advantage
Situated in Bhavnagar, Gujarat, which is a power surplus state
Skilled manpower is easily available with minimal labor cost
Company’s own 66KV power transmission station with 10MW power available 24X7
Availability of Natural Gas by Gujarat Gas Limited for all requirements through pipeline
fuel
Scrap – the major raw material is available with high degree of purity and at competitive price from Alang, Asia’s biggest Ship recycling yard, situated just 50 km away
Connectivity to Pipavav Port, which is just 130 KM away, is one of the most important locational advantages for the company
Well connected with major cities of Gujarat and other places through Rail and Road network
Connected through water ways with Hazira, Surat, cutting down distance of 370 Kms to 60 Kms. Having regular Ro-Pax ferry services from Ghogha, Bhavnagar to Hazira, Surat
20
Best in Class Manufacturing Capabilities…
Company manufactures steel casting products by adopting sand-based manufacturing process by using No Bake and Shell Molding techniques
Capacity expansion to 30,000 MTPA from 13,000 MTPA and simultaneously upgraded its production processes and introduced newer methods
Produces steel and alloy casting in various weights from 2.5 Kg to 2,500 Kg through sand and shell molding process.
Has installed one of the best foundry equipment from M/s. IMF, Italy and M/s. OMEGA, UK - helps company in ensuring reproducibility at every workstation
Designed and installed an agitating system in quench tank, one of the best in the country and at par with best practices in the world
Company has already developed in excess of 300 parts and further to develop more than 100 parts in coming 2 – 3 years
Company has developed path breaking products and process which lead to Scale-up of Business, Reduction of cost which resulted in higher profitability
21
… with focus on Design & Engineering
Design & Engineering
No Bake Molding
Shell Molding Process
Heat Treatment
In house magma software for pouring simulation pro engineering for methoding leveraging engineering capability to enhance productivity elimination needless process & reduction re-work
Fully automated flaskless molding line with flood coating, Drying Tunnel, Auto Closer & Roll Over
• Use resin coated quartz sand
• Semi Automatic Core Shooter
Machines: 23 Nos
• Battery of Gas fired furnaces having capacities of 3 to
5 tons and 20 tons per charge
•
Inhouse Water Quenching with Agitation System and Polymer Quenching facilities and Pressure Reduction Station of PNG and LPG Bullets (20 Tons Capacity)
Quality Assurance
CNC Machine Shop
Induction Hardening
Power
•
Inhouse facilities of Non-Destructive Testing like Magnetic Particle Testing,
• Ultrasonic Testing, Die Penetrate Testing
One Shot MPI Machine.
• NABL approved Laboratory
• Area 30,000 Sq. Ft.
• Two Stations with 220 Kw
• Total No, of CNC Machines: 27 Nos
• Each case depth up to 22 mm
• Standby D.G.
Sets
of
2000 KVA for
uninterrupted power supply
•
Installed inhouse 66 KV Substation to enhance power requirement
22
State of Art Manufacturing Facilities
P1
P2
P5
12,000 tonnes per annum
6,000 tonnes per annum
12,000 tonnes per annum
Process Type : Sand Molding - Mold box based molding facility
Process Type : Shell Molding (Corning) Process
Process Type : Sand Molding - Automated loop line and Flask less Molding Line
•
•
•
Has semi-automated molding line
Use for heavy casting (80 Kg to 2,200 Kg), Poly Urethane No Bake (PUNB) binder system; which is unique and is used by only a few leading foundries in the world
Has the advantage of yielding highest productivity in this class of binder system which helps in lowering the cost of manufacturing
•
•
•
advantages
Has dimensional conventional Sand Molding Process
for accuracy
very
high over
For low weight casting (2.5 Kg to 50 Kg)
Through series of experiments has made it possible to make steel and alloy steel casting using this process and is amongst few foundries in the World doing so
•
•
•
•
Fairly flatter in shape (Non-Cubical) and generally weighing over 700 Kgs per piece
Since it is having Flask less Molding Line, it is desirable to have items having large runs
Has probably the highest reclaim- ability among chemically bonded sand for re-use
Not only this helps in the preservation of natural resources but also result in cost reduction
23
Presence across the Globe
Denmark
Germany
China
India - Headquartered
Japan
South Korea
Thailand
Singapore
USA
Mexico
Brazil
Export Presence
“One-Star Export House Status holder”
Expected to increase the presence 15+ countries in the next 5 years
24
Recognitions & Certifications
✓ 1st Steel Foundry in India to get ISO:9002
Certification
✓ An ISO:9001-2015 Company certified by TUV
NORD, Germany (for Quality)
✓ An ISO:14001-2015 Company certified by TUV NORD, Germany (for Environment)
✓ An ISO 45001:2018 Company certified by TUV NORD, Germany (for Occupational Health & Safety).
✓ Accreditation by Association of American Railroad (AAR) “Quality Assurance for Certification as per M1003” facilitating for American manufacturing of Parts Railroad Freight & Locomotive Industry. Under process
✓ Supplier Quality Excellence Program (SQEP) Bronze certification from Caterpillar Inc. USA since October 2016
✓ An EN 9100:2018 certified by TUV NORD,
Germany (for Aerospace).
✓ Class A approved foundry by Ministry of
Railways, India
✓ Accreditation for SQEP Bronze certificate for
Excellence in Quality by Caterpillar, USA
✓ Accreditation
Power Generation program (TPG) for Casting, Heat Treatment & Non-Destructive Testing
Transport
by
&
✓ Accreditation by Association of American
Railroad (AAR) under Renewal Process
✓ Accreditation (National Accreditation and Calibration Laboratories) approved Laboratory.
as Board
Testing
NABL
for
an
…many more
25
Recognitions & Certifications (contd…)
Company’s Products, Processes, Safety Standards and Environment Friendly Mechanism meets with Global standards and certification
Recipient of Shri Laxmanrao Kirloskar Best Foundry Award from the Institute of Indian Foundrymen
Recipient of Award for achieving Highest Rating in the ranking of India's Top 500 manufacturing Small & Mid Sized Companies
Approved Foundry under Indian Boilers Regulations
"Best Vendor (Category- Castings)" award from M/s. Bharat Earth Movers Ltd., Bangalore, in recognition of outstanding performance in supply of materials
Recognized as an "Approved Contractor" by the Director of Quality Assurance, Government of India
26
Experienced Board of Directors
Mr. Chetan M. Tamboli, Managing Director & CEO
• Aged 60 years, a third-generation entrepreneur, is a commerce graduate armed with an MBA Finance from USA
• Serving as a CEO since 2003 with total experience of more than 30 years. Looks after strategy, policy making and overall management
• Served as the Chairman Board of Governors, Government Engineering College, Bhavnagar, Gujarat since 2014
Mr. Rushil C Tamboli, Non-Executive Non-Independent Director
• Aged 31 years, is an Engineering graduate with Industrial Engineering (I.E.)
• Heading various departments and contributed to improve fuel efficiency of heat treatment operations, developing new parts, achieving improvement in Man hours per ton
Ms. Vidhi C Tamboli, Non-Executive Non-Independent Director
• Aged 29 years, is a Master of Arts & Master of Education (Psychology)
• Heading Human Resource department of the Company
• She is having experience as career counselor in India and overseas and is
involved in various Corporate Social Responsibility (CSR) activities
Mrs. Aarushi M Ganatra, Independent Non-Executive Director
• Aged 63 years, is a graduate in Commerce
• She also heads a consultancy firm to advise in business, finance & investments
• Has worked for over 3 decades at various levels in the field of Statutory audits,
internal audits and human resource training.
Mr. Rajendra V Gandhi Independent Non - Executive Director
Mr. Apurva R Shah Independent Non- Executive Director
• Aged 70 years, graduated from Indian
Institute of Technology, Bombay
• Experience of more than 35 years, Managing
Director at GRP Ltd
• Previously employed as Member-Managing Committee by All India Rubber Industries Association and Member-Governing Council by Indian Rubber Manufacturers Research Association
• Aged 50 years, he has received his
undergraduate degree from London School of Economics and Political Sciences
• Experience of more than 15 years,
• He is an Independent Director at GRP Limited, Acrysil Limited, Florican Chemicals and Resins Private Limited
Mr. Hemant D Dholakia Independent Non- Executive Director
Mr. T Kumar Permanent Invitee
• Aged 55 years, he has completed his
master’s degree in Marketing and Finance from University of Scranton, USA
• Has experience in manufacturing industries more than 38 Years. He is the Managing Director at Goran Pharma Pvt. Ltd.
• Director at Hansrx Pvt. Ltd. & Partner at
Parag Perfumes, Sihor
• Aged 80 years, is a B. Tech graduate (IIT,
Khadagpur) armed with M.E. (Foundry) (IISc, Bangaluru)
• Permanent Invitee to the Board and its
committee meetings since September 2018 with total experience of about 50 years in the Company.
• He also served as CFO since May 2015
Future Strategy
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Clear Focus on De-Risking Business
Strategy for Steelcast 2.0
THEN
NOW
De-risking Business Strategies
Capacity Expansion
13,000 MTPA
30,000 MTPA
No. of Parts manufactured
No. of Customers
Geography presence
End-user Industry presence
104
11
2
3
Focus to reduce concentration to a particular segment
Company will be focusing on railroad industries, to increase customer base and number of parts.
300+
36
15
9
Data is of last 5 years
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Rationalization Measures
Product Development
Business Development
Initiated a rationalization plan since last 2 years
Reduced manpower cost per unit by increasing productivity
Company to set up 5 MW Solar Power Plant in Gujarat region for captive consumption
25 years PPA to be signed for solar & wind hybrid power project which will bring considerable savings
Reduced consumption norms of few key materials
Reduction in internal rejection which was around 6.0% is now averaging less than 4%
Reduction in throughput time for processing of castings – thus unlocking of capital from working capital needs
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THANK YOU
Company:
CIN: L27310GJ1972PLC002033
Name: Mr. Subhash Sharma, CFO
Email ID: ss@steelcast.net
Investor Relations Advisors:
Mr. Rajesh Agrawal +91 9967491495 rajesh.agrawal@linkintime.co.in
Mr. Jinal Fofalia +91 7738327567 jinal.fofalia@linkintime.co.in
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