Shyam Metalics And Energy Limited has informed the Exchange about Investor Presentation
Securing tomorrow with today’s strength
Investor Presentation February 2023
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shyam Metalics And Energy Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
2
Key Updates for Q3 & 9M FY23
Strengthening Board & Governance
Update on Capex
• •
Appointed Mr Nand Gopal Khaitan, as an Additional Director of the Company in Independent Category . Onboarded KMPG Assurance and Consulting Services LLP as the Internal Auditor of the Company for F.Y 2023-24 along with the separate assignment of Internal Financial Control
• On track to increase the existing integrated installed facility of 10.69 million tons to
14.45 million tons by 2025. Capex incurred in 9M FY23 is Rs 968 cr
Business Updates
• Envisaged capex for revival Ramsarup Industries, DRI plant & CPP to be operational by September 2023
Financial Performance
• Q3 FY23 : Revenue : Rs 2,959 cr , EBITDA : Rs 222 cr , PAT : Rs 65 cr
• 9M FY23 : Revenue : Rs 9,311 cr , EBITDA : Rs 1,073 cr , PAT : Rs 590 cr
Diversification
•
Expanding into new sector of colour coated sheets with an investment 603 cr. Setup a dedicated subsidiary: Shyam Metalics Flat Products Ltd
3
Business Update: Ramsarup Industries
Shyam Metalics & Energy Ltd
Super Smelters Ltd
100%
40%
Shyam SEL & Power Ltd
60%
SS Natural & Resources Pvt Ltd
Ramsarup Industries
Rs. 448 cr
Capex Requirement Rs 747 cr
Rs. 299 cr
•
•
•
•
•
•
•
Ramsarup Industries is a Kolkata based steel company which acquired by Shyam Metalics via NCLT
A special purpose vehicle, SS Natural & Resources Pvt Ltd was setup to acquire Ramsarup Industries, wherein 60% is owned by Shyam SEL and Power Ltd, a wholly-owned subsidiary of Shyam Metalics and Energy Ltd and the balance 40% by another West Bengal-based company, Super Smelters Limited.
The existing facilities at the Kharagpur plant with ~315 acres of land are have not been operational for the last 8 years.
The new consortium of owners have identified in the first phase, to kickstart few existing facilities with an outlay of ~ Rs 747 crore
The DRI plant with an estimated capacity of 1,50,000 TPA and CPP with a 20 MW generation are expected to be operational by September 2023.
furnace of 4,50,000 TPA capacity is The existing blast proposed to be revived along with Sinter of 1,20,000 TPA capacity by December 2023
Further in pipeline - additions of Oxygen plant of 150 TPD capacity & Coke Oven plant of 2,50,000 TPA capacity slated to be operational by September 2024 and March 2025 respectively
4
Business Update: Greenfield Expansion- Cold Rolling Mill
Capacity
Total Capex
n o i s n a p x E d e i f n e e r G
l
Phase I
2,50,000 Ton
Phase II
1,50,000 Ton
Rs. 603 Crs
•
•
•
•
To setup a greenfield project for a cold rolling mill spread over 94 acres of land at Jamuria, West Bengal.
Project approved under the PLI scheme
Products will include GI/GL coils and PPGL (Pre Painted Galvalume Coils)
The business will be setup under the wholly owned subsidiary- Shyam Metalics Flat Products Pvt Ltd
Strengthening Brand ‘SEL’
TMT TMT are used for the construction of buildings, transmission towers, industrial sheds, structures, road, dam and in other various infrastructures
SMEL sells the best quality TMT primarily in the states of West Bengal, Odisha, Bihar, Jharkhand, Tripura, Sikkim, Assam, Arunachal Pradesh, Manipur, Meghalaya, Uttarakhand, Uttar Pradesh, Punjab and Haryana. Our TMT and structural products are sold under the brand “SEL”
STRUCTURE
Structural steel describes hot rolled steel products such as angles, channels and beams. With an array of high- quality Structural products under the brand ‘SEL’, backed by world-class service and its other products, SMEL holds its pride of place among the leading steel manufacturers of the country and material directly from the DRHP
WIRE RODS
Towards forward integration, SMEL has set up high quality Wire Rod manufacturing & Wire Drawing facilities with best available technology and plant & machinery support
Since the raw materials are manufactured in-house at our plant, the company is able to produce high quality Wire Rod & H.B. Wires in an efficient & cost-effective manner
6
Particulars
Unit
Captive Power Plant
Iron Pellet Plant
Ferro Alloy Plant
Coke Oven Plant
Sponge Iron plant
Blast Furnace
Sub-Total
Billet Plant
TMT, Structural Products, Wire Rods & Pipes
Ductile Pipe Plant
Sub-Total
Alumunium^
MW
MTPA
MTPA
MTPA
MTPA
MTPA
MTPA
MTPA
MTPA
MTPA
MTPA
227
2.4
0.21
-
1.39
-
1.39
0.89
0.82
-
0.82
Aggregate capacity at the launch of IPO
Capacity proposed in the IPO
Further expansion as approved on 15th march 2022
Post implementati on capacity
Already implemented after proposed in IPO
Aggregate implemented capacities as on 31st Dec
Further to be implemented as per existing expansion
130
1.2
0.01
-
1.51
0.60
2.12
1.11
1.25
0.2
1.45
0.04
5.89
-
2.4
-
0.45
-
-
-
-
-
-
-
357
6
0.22
0.45
2.9
0.60
3.5
2.01
2.07
0.2
2.27
0.04
2.85
14.45
40
2.4
0.01
-
0.92
-
0.92
0.81
0.85
-
0.65
0.04
4.98
267
4.8
0.22
-
2.31
-
2.31
1.70
1.67
-
1.47
0.04
90
1.2
-
0.45
0.59
0.60
1.19
0.31
0.40
0.2
0.8
-
10.69
3.76
Iron Making
Liquid Steel
Finished Steel
Aluminium
Total
MTPA
5.71
We have incurred a capex cost of Rs. 2,497 crores till 31st Dec’22 which accounts to 63% of the total Capex envisaged i.e. Rs. 3,950 Crs. and Rs 1,574 Crs have been capitalised out of Rs. 2,497 Crs. Capex incurred in 9M FY23 is Rs 968 cr ^Aluminium capacities not included in the total
7
Company Overview
Shyam Metalics at a Glance
•
•
Leading Integrated Steel and Ferro Alloys Producer in India
4th Largest Sponge Iron Player, Leading player in terms of Pellet Capacity
•
Integrated Metal Producing Company
• Operates “Ore to Metal” integrated steel plants
with Captive Railway Siding
•
Strategically located plants with Proximity to Mineral Belts, National Highways and Ports
Achieving End-To-End Solutions
“Ore To Metal”
• 22%: Revenue Growth in 9M FY23 YoY
10.69 MTPA Combined Production Capacity
~75% of power sourced from Captive
14,624 Employee Strength
AA CRISIL Credit Rating
• PAT
Positive
since
commencement
of
operations in 2005
• 0.12 X Gross Debt / Equity as of Sept-22
• One of Lowest Gearing amongst competitors
• ~75% of power sourced from Captive Power Plants at 3.57 Rs./Kwh3 in 9M FY23, while Grid Power costs 5-7 Rs./Kwh4
• Promoters with decades of experience in the Metal Industry along with experienced Management Team
Optimising the Balance Sheet for Resilience & Flexibility
CRISIL AA (Stable) Long Term Bank Facilities
CRISIL A1+ (Stable) Short Term Bank Facilities
9
Eminent Promoters & Management
Mahabir Prasad Agarwal, Chairman • An accomplished business leader and a first-generation entrepreneur having more than 50 Years of experience in steel & ferro alloys industries.
• He has the foresight to lead the Company in particular journey and contributing
on a transformational significantly in growth path of the company.
• His keenness to give back to the society and a desire to improve the lives of individuals, led to the formation of Shyam Metalic Foundation which is committed to provide the means to empower individuals to bridge the socio-economic divide and contribute to the creation of equitable and sustainable communities.
Brij Bhushan Agarwal, VCMD • A visionary business
leader and second-generation
entrepreneur.
• A guiding force for the company and having over three decades of experience in the steel & ferro alloys industries.
• His array of exposures percolates to areas like strategic planning, business development, future expansion, execution of projects, Marketing, Human Resource and corporate affairs of the company.
Sanjay Kumar Agarwal, Joint Managing Director • Holds a bachelor’s degree in commerce, with honours, from
University of Kolkata.
• Over 18 years of vast experience in the steel & ferro alloys
industry.
• Primarily responsible for the Operations / manufacturing of the plants with focus on cost control, production efficiency, competitive procurement of raw materials etc.
Deepak Agarwal, Director Finance • He is an Associate member of the Institute of Company
Secretary of India.
• He is a techno commercial professional and possessing more than 20 years of experience of steel and ferro alloys industries.
• His array of exposure percolates to areas like finance, taxation, banking and treasury, corporate accounting, governance, merger and acquisition, project planning and execution, legal, secretarial, costing and cost control, risk management, Accounting & Audit etc.
The Management Team is ably assisted by a very strong team of Professionals who have contributed immensely to the growth of the Company
10
Value Propositions
1
Backward & Forward Integration with presence across the Value Chain
2
3
Flexible & Diversified Product Mix
Strong Brand & Distribution Network
4
Logistical Advantage & Infrastructure Advantage with Private Railway Sidings
5
Captive Power for ~82% power requirement
6
Capacity Addition to increase share of High Margin B2C Products
7
8
9
De-Leveraged Balance Sheet giving flexibility in growth
Sustainable solution - Waste used as ‘Productive Inputs’
Consistent Performance over the last decade
11
Integrated operations across the steel value chain
Raw Materials
Coal
Processing
Coal Washery
Washery Rejects
Char/Flu Gases
Rotary Kilns
Power Plant
Rolling Mills
Iron Ore Fines
Washing & Pelettization Plant
Pellets
Sponge Iron
Steel melting Shop
Billets
Fines
Sinter Plant
Sinter
Blast Furnace
Pig Iron
Structure Rolling Mills
Coking coal
Manganese Chrome Ore
Coke Oven
Submerged Arc Furnace
Ductile Iron Plant
Manganese
End-Products
Electricity (Captive)
TMT Bars
Wire Rod
Angle
Channel
Beam
Ductile Pipe
Ferro Alloys
Point of Sale
Proposed Expansion
12
Brownfield expansion with…
Railway Siding
Captive Power Plants
Captive Water Reservoir
Jamuria Plant
Sambalpur Plant
We have 1 manufacturing plant located in Sambalpur, Odisha and 1 manufacturing in Jamuria, West Bengal with aggregate installed capacity of 10.69 MTPA comprising of intermediate and final products.
We also have a small plant in Mangalpur, West Bengal with aggregate installed capacity of 0.1 MTPA
These plants also include captive power plants with an aggregate installed capacity of 267 MW
Brownfield expansion leading to Lowest Capex in the Industry
13
Detailed Plant Wise Capacities* – Existing
Product –Wise Capacity (MTPA)
Iron Pellets
Ferro Alloys
DRI (Direct Reduced Iron)
Billets
TMT, WDM, SRM
Pandoli, Odisha
Jamuria, West Bengal
Mangalpur, West Bengal
TOTAL (MTPA)
3
0.11
1.16
0.87
0.92
1.8
0.07
1.09
0.83
0.75
0.04
0.06
4.8
0.22
2.31
1.70
1.67
Captive Power
158 MW
94 MW
15 MW
267 MW
(*Capacities as of February 14th 2023)
14
Current Capacities Across Steel Life Cycle
Finished Steel
1.67 MTPA
WRM 0.92 MTPA (Wire Rod & Wire Draw Mill)
TMT 0.52 MTPA
Structurals 0.20 MTPA
Pipe Mill 0.03 MTA
Iron Making
Liquid Steel
DRI 2.31 MTPA (Direct Reduced Iron)
SMS 1.70 MTPA (Steel Melting Shop)
15
Foray into Aluminium Foil segment
Aluminium Plant – Pakuria , West Bengal & Giridih, Jharkhand
• •
• •
Capacity: 40, 000 TPA Plant installed by Achenback (Germany) a pioneer in the industry Spread over 5 acres Rolling range: 40 to 5 micron with annhealing capability, customised as per demand
16
…Lowest Capex compared to the Industry
• Brownfield capacity expansion expected to increase aggregate installed metal capacity (comprising of intermediate and final products) from 10.69 MTPA currently to 14.45 MTPA and captive power plants aggregate installed capacity from 267 MW to 357 MW. These proposed expansions are expected to become operational between Fiscal 2023 and Fiscal 2025
• Railway sliding – 2 additional tracks at both Jamuria & Sambalpur plants, at an aggregate cost of Rs 180 crores
• Commissioned an aluminium foil rolling mill at Pakuria in West Bengal with an installed capacity of 0.04 MTPA,
the plant is now operational. The Capex incurred for the project is Rs. 355 crores.
• Company has ample land available for expansion for the next 5 years
Iron Pellets (MTPA)
Steel Products (MTPA)
2.4
3.1
2.4
1.2
6.0
390
130
520
Capex (Rs Cr)
2.3
2.3
7.8
1,298
1,162
2,460
Advantages of Brownfield Expansion
Lower fixed costs due to using already established facilities, infrastructure, and network
Lower staffing and training costs, due to the presence of already-employed workers at the facility
Ferro Alloys (MTPA)
0.21
0.01
0.22
Power (MW)
227
40
90
357
30
400
0
0
30
400
Low cost advantage for expansion of power capacity. Capex incurred: Rs 110 cr for 40 MW, effectively Rs 2.75 cr vs industry average of 4.5 cr per MW
Existing Capacity (Mar 22)
Addition till date
Future Expansions
Incurred
Pending
Total
Capex spread over the next 3 years
We have incurred a capex cost of Rs. 2,497 crores till 31st Dec’22 which accounts to 63% of the total Capex envisaged i.e. Rs. 3,950 Crs. and Rs 1,574 Crs have been capitalised out of Rs. 2,497 Crs. Capex incurred in 9M FY23 is Rs 968 cr
17
Diversified & Interchangeable Product Mix
Capacity (Million MTPA)
s t c u d o r P g n i t s i x E
w e N
s t c u d o r P
FY19
0.90
1.01
0.63
0.25
0.21
164
Iron Pellet
Sponge Iron
Billets
TMT, Structural Steel, Wire Rods & Pipes
Ferro Alloys
Captive Power (MW)
Aluminium Foil
Coke Oven Blast Furnace
Ductile Iron Pipes
FY20
2.4
1.27
0.80
0.82
0.21
227
FY21
2.4
1.39
0.89
0.82
0.21
227
FY22
3.6
2.11
0.94
0.90
0.21
267
9M FY23
4.8
2.31
1.70
1.67
0.22
267
40,000 TPA
40,000 TPA
Proposed Capacity of 450,000 TPA
Proposed Capacity of 600,000 TPA
Proposed capacity of 200,000 TPA
On an aggregate basis, the Capacity Utilization is between 90% - 95%
18
Increasing share of B2C/Value Added Products
Structural Products are hot rolled products of special forms like rounds, angles, channels & beams
TMT Bars are high-strength reinforced bars having a tough outer core and soft inner core
We not only make structurals of standard dimensions, but also Customized Products for Specific Applications, economically and quickly
Our products are sold mainly across Eastern, Central ,Northern and Western Regions of India with some penetration in Southern India. Our TMT and structural products are sold under the brand “SEL”.
Steel Products
~70%
Revenue Contribution in 9M FY23
19
Huge Export Potential
7
Countries
Exports to countries like USA, Japan, Korea, Italy, Nepal, Bangladesh
9%
Export Contribution to Revenues in 9M FY23
28%
58%
14%
Steel products both upstream and downstream including Angles, Beams, Billets, Channels, Wire Rods, MS Round Coils and Sponge Iron
Ferro Chrome Ferro Manganese and Silico Manganese Products
Aluminum Foil Products
We are preferred suppliers to large corporations like
Norecom DMCC
POSCO Intl Corp
World Metals & Alloys (FZC)
TRAXYS North America LLC
J M Global Resources
Web Packaging Solutions
Durable Inc
Manakin Industries
Cartonal Italia
% of Products Exported is for 9M FY23
20
Strategically Located - Supported by Infrastructure
Strategically located in the mineral rich East Indian region
Raw Material Sources are within 250 kms
Kolkata Haldia
Dhamra
Paradeep
~800+ dealers & distributors stock and sell the finished products across 27 states and 1 Union Territory
We sell 70% of our products within the vicinity of 500 Km from our plants
• Plants are in close proximity to National Highways 16 &19
• Sambalpur & Jamuria Plants have captive railway sidings
Vishakhapatnam
Plant Location
Captive Railway Sidings
Key Raw Material
Iron ore / Iron ore fines
Chrome ore
Manganese ore
Coal
Ports are within 600kms
Ports
Source
Mine owners located in Odisha
Long term linkages with Odisha Mining Corporation Limited, other mine owners and imports
MOIL Limited, other mine owners and imports
Fuel supply agreements entered into with Mahanadi Coalfields Limited, Central Coalfields Limited and South Eastern Coalfields Limited
21
Lowest Cost Captive Power
•
•
•
Power consumed by the plants are primarily produced in-house by the captive power
plants
Sambhalpur
5 Captive Plants Total Capacity of 158 MW
Captive power plants utilise non fossil fuels such as waste, rejects, heat and gas generated
from the operations to produce electricity
Jamuria
3 Captive Plants Total Capacity of 94 MW
Cost of in-house power is significantly less than grid power which costs INR 5-7 Per Unit *
Mangalpur
1 Captive Plant Total Capacity of 15 MW
Captive Power to Total Power Consumed
Cost of Per Unit of Captive Power** (Rs./KWH)
Current Capacity* (MW)
Captive Power Plant Expansion Plans (MW)
87.3%
85.2%
79.0%
82.0%
75.0%
2.16
2.09
2.15
2.12
3.57
94
158
267
90
357
15
FY19
FY20
FY21
FY22 9M FY23
FY19
FY20
FY21
FY22 9M FY23
Sambalpur
Jamuria Mangalpur
Current Capacity
Proposed Fresh Capacity
Post Expansion
* Source: CRISIL Report; **Average cost of Power from Captive Power Plant = Total cost of power from all Captive Power Plants / Total production units
22
Waste to Value
Efficient use of by products: Effluents/Wastes from all the production activity are utilized in various product verticals to create a set of High Value-added Products
Washery rejects used in Power Plant
Steam generated used in production of Power and then in Ferro Alloys
Fly ash bricks are created from industrial wastes
Fly ash bricks which are manufactured from various industrial wastes such as fly ash, sand, stone, dust and cement, are used globally nowadays over clay bricks and traditional red bricks
Fly ash bricks are also known for being highly durable, less permeable and environment- friendly as they are manufactured from waste materials that generate from the combustion of coal in thermal power plants.
Power generated by using flu gases and capturing of heat through waste heat recovery boilers
23
Capacity Expansion –Share of High Value Products to Increase
Break-up of Capacity Expansion (MTPA)
Capacity Expansion is on the existing land, will help Company augment revenues, better cost controls, increase in profitability
14.4
3.7
10.7
2.0 0.3 1.7
0.2 0.2
0.0
0.2 0.2
0.0
Target completion between FY22 and FY25
Total Capex Cost aggregating to ~Rs. 3,950 Crs.
Capacity expansion focused on increase share of high value products
2.0 0.3 1.7
0.5 0.5
0.0
0.6 0.6
0.0
2.9 0.6
2.3
6.0 1.2
4.8
Iron Pellets
Sponge Iron
Coke Oven
Pig Iron
Steel Billets
TMT, Structural & Pipes
DI Pipes
Ferro Alloys
Total
24
Revenue mix skewed towards Finished Steel
Revenue Mix
19%
17%
25%
27%
11% 2019
18%
23%
24%
20%
14%
2020
16%
37%
12% 11%
24%
2021
17%
38%
8% 17%
18%
2022
15%
46%
9% 16% 8% 9M FY23
Ferro Alloys
TMT, Structural and Pipes
Steel Billets
Sponge Iron
Iron Pellets
Volumes (in lakh tonnes)
20.8 1.5
10.2
1.9 7.3
2019
23.2 1.5
8.8
2.9
9.9
2020
31.2 1.7 5.7
6.1
17.7
32.0 1.6 8.1
7.6
14.7
24.4 1.3 6.3
7.8
9.0
2021
2022
9M FY23
Ferro Product
Finished Steel
Intermediates
Iron Pellet
Flexibility to Sell Intermediate Product, use for Captive Consumption
Make customized products to capitalise on market opportunities
Reduced dependency on any particular product
25
Strategic Initiatives
IT Initiatives
Automation
Focus On High Value Activities
Data Integration
Traffic Management
Data Analytics & AI
Knowledge Partners
Easy Access
Reduce TAT for vehicles
Consistent Availability
Consistent Presentation
Data Integrity
Gate and Weighbridge Automation
Decision Dashboards
Real-time data logging
Improve Data Reporting
User Enablement
Maintain Data And Security Standards
Continuous Investment
Benchmarking & Micro Monitoring
Technology Partners
27
Impact of IT Initiatives
ERP SAP S4 HANA
Performance Assessment
Operational Excellence
Digitisation
Employee Skill Development
People Agnostic
Improved Business
Reduced Paper Documentation
Monitoring of Business Operations
Customer Satisfaction
Enhanced ROI
28
29
Q3 & 9M FY23 Financial Performance
Performance Highlights
Revenue
Rs. 2,921 Crores
Revenue
Rs. 9,230 Crores
13%
y-o-y
22%
y-o-y
Q3 FY23
EBITDA
Rs. 222 Crores
-64%
y-o-y
9M FY23
EBITDA
Rs. 1,072 Crores
-45%
y-o-y
PAT
Rs. 65 Crores
PAT
Rs. 589 Crores
-85%
y-o-y
-54%
y-o-y
Q3 FY23 Performance Highlights
Revenue from Operations
Rs. 2,921 crores
13% y-o-y
EBITDA
Rs. 222 crores
-64% y-o-y
Profit After Tax
Rs. 65 crores
-74% y-o-y
Revenue Breakup
6.1% 4.2%
1.1%
13.7%
12.2%
8.1%
Ferro Products
3.2
0.4
Steel Products 75%
54.5%
Iron Pellets
2.8
Ferro Alloys TMT, Structural and Pipes Steel Billets Sponge Iron
Iron Pellets Aluminium Foil Others
Volumes (in lakh tonnes)
Volumes (in lakh tonnes)
Y-o-Y
-14%
3.8
0.4
3.4
-27%
Q-o-Q
2.8
0.4
2.3
Steel Products
Y-o-Y
+18%
4.7
4.1
Finished Steel
2.1
Steel Billets
0.5
Sponge Iron
1.5
2.4
0.6
1.7
+4%
Q-o-Q
4.9
3.2
0.5
1.2
Q3 FY22
Q2 FY23
Q3 FY23
Q3 FY22
Q2 FY23
Q3 FY23
9M FY23 Performance Highlights
Revenue from Operations
Rs. 9,230 crores
22% y-o-y
EBITDA
Rs. 1,072 crores
-44% y-o-y
Profit After Tax
Rs. 589 crores
-54% y-o-y
Volumes (in lakh tonnes)
Volumes (in lakh tonnes)
Revenue Breakup
3.1%
8.2%
3.6%
14.8%
16.1%
Y-o-Y
-18%
Ferro Products
12.6
1.2
8.7%
45.5%
Iron Pellets
11.4
Steel Products 70%
Ferro Alloys TMT, Structural and Pipes Steel Billets Sponge Iron
Iron Pellets Aluminium Foil Others
10.3
1.3
9.0
Steel Products
Y-o-Y
+24%
11.4
Finished Steel
5.7
Steel Billets
1.4
Sponge Iron
4.2
14.1
7.8
1.7
4.6
9M FY22
9M FY23
9M FY22
9M FY23
33
Per Tonne Realizations
Ferro Products
Finished Steel
Steel Billets
Y-o-Y
Q-o-Q
Y-o-Y
Q-o-Q
Y-o-Y
Q-o-Q
-31%
-7%
-6%
+4%
-6%
+14%
+4%
-8%
+14%
1,29,375
96,957
89,884
1,08,685
1,01,879
48,699
53,811
50,458
46,986
53,614
43,063
48,528
44,791
42,214
48,067
Q3 FY22
Q2 FY23
Q3 FY23
9M FY22
9M FY23
Q3 FY22
Q2 FY23
Q3 FY23
9M FY22
9M FY23
Q3 FY22 Q2 FY23 Q3 FY23
9M FY22
9M FY23
Sponge Iron
Iron Pellets
Y-o-Y
Q-o-Q
0.0%
-8.6%
+10%
Y-o-Y
-30%
Q-o-Q
+4%
29,652
32,436
29,647
29,143
31,997
10,424
-30%
13,112
7,433
7,725
8,445
Q3 FY22
Q2 FY23
Q3 FY23
9M FY22
9M FY23
Q3 FY22
Q2 FY23
Q3 FY23
9M FY22
9M FY23
34
Consolidated Profit & Loss Statement
Particulars (Rs. Crs.) Revenue from Operations Cost of Material Consumed Purchase of Stock Change in Inventories Total Raw Material Gross Margin Gross Margin (%) Employee Expenses Other Expenses EBITDA EBITDA Margin (%) Other Income Depreciation EBIT EBIT Margin (%) Finance Cost Share in Profit/(Loss) of Associate and JV Profit before Tax Tax Profit After Tax PAT Margin (%) EPS (Rs)
Q3FY23 2,921.7 2,080.3 174.5 -110.2 2,144.6 777.1 26.6% 86.1 468.8 222.0 7.6% 37.6 132 127.8 4.4% 32.8 0 95 30.3 64.8 2.2% 2.5
Q3 FY22 2,577.8 1,640.6 2.1 -51.5 1,591.3 986.6 38.3% 57.3 304.3 625.0 24.2% 16.6 59.7 581.8 22.6% 5.7 0.1 576.2 153.5 422.7 16.4% 16.6
Y-o-Y 13.3%
-64.5%
-84.7%
Q2 FY22 3,085.2 2,314.4 17.2 -46.1 2,285.4 799.8 25.9% 83.5 472.7 243.6 7.9% 21.7 110.4 154.8 5.00% 14.9 0.1 139.9 29.0 110.9 3.6% 4.4
Q-o-Q -5.3%
-8.9%
-41.6%
9M FY23 9,230.1 6,391.2 290.2 -142.2 6,539.1 2,691.0 29.2% 247.6 1,371.0 1,072.4 11.6% 81.2 337.2 816.4 8.8% 54.5 0.1 761.9 172.4 589.5 6.4% 23.1
9M FY22 7,537.2 4,665.6 24.5 -155.7 4,534.4 3,002.8 39.8% 181.2 884.9 1,936.6 25.7% 45.0 181.6 1,800.0 23.9% 17.0 0.2 1,783.1 492.2 1,291.0 17.1% 51.9
Y-o-Y 22.5%
-44.6%
-54.3%
Blended EBITDA Per Ton : Q3 FY 23 – Rs 4,547 vs Q3 FY 22 – Rs 15,145 | 9M FY23 – Rs 7,585 vs 9M FY22 – Rs 17,021
35
CSR Initiatives
Rural Health
Rural Education
Social Infrastructure Development
Social Awareness
•
•
Yearly Eye & Medical Camp for Villagers
Free Ambulance & Drinking water Services for villagers
• New Health Center & Homeopathy Clinic
•
•
FREE Medicine & Spectacles and Blood Donation Camp
FREE Coaching Center for Economic backward Section
• Computer Training Center at Dhasna village
•
•
School Bag And Cycle Distribution
SHYAM Scholarship for Meritorious students of Economic Backwards
• Temples • Village Sanitation • Teachers Training and Remuneration • Village Handicrafts – Skill development • Sports Football Coaching • Gau Daan ( Care for Animals)
• Women Empowerment
• Road safety Campaign SAFE DRIVE SAFE LIFE
• Socio Environmental Awareness
• Distribution of Helmets for Safe drive & Save life
36
CSR Initiatives
Sustainability
Skill Development
Sports Promotion
• Water Conservation- Check dam, Pond , landscaping, Plantation,
• Promotion of solar Light
•
Solar irrigation Pumps
• Promotion of Organic Farming
• Running sewing center, computer training center
• Alternate source of income via enterprise development, skill
development
• KALP VRIKSHA ( Empowerment) programme
•
•
Football team of Shyam Sel & Power Limited
Shoes & Suit distribution
• Play ground development
37
Shyam Metalics & Energy Limited
Mr. Trilochan Sharma +91 9831298290 trilochan.sharma@shyammetalics.com
Ms. Maumita Dhar +91 9903568990 Maumita.dhar@shyammetalics.com
Investor Relations Partners
Mr. Nachiket Kale +91 9920940808 Nachiket.kale@linkintime.co.in
Mr. Rajesh Agrawal +91 9967491495 Rajesh.agrawal@linkintime.co.in
Shyam Metalics & Energy Ltd. CIN No. : L40101WB2002PLC095491
Trinity Tower, 7th Floor, 83, Topsia Road Kolkata – 700046, West Bengal, India