Shyam Metalics And Energy Limited has informed the Exchange about Investor Presentation
Securing tomorrow with today’s strength
Investor Presentation May 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
Company Overview
Shyam Metalics at a Glance
•
•
6th Largest Integrated Steel Producer & amongst the largest 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 FY23 YoY
12.73 MTPA Combined Production Capacity
~74% of power sourced from Captive
14,635 Employee Strength
AA CRISIL Credit Rating
• PAT
Positive
since
commencement
of
operations in 2005
• 0.18 X Gross Debt / Equity as of March 2023
• One of Lowest Gearing amongst competitors
• ~74% of power sourced from Captive Power Plants at 3.6 Rs./Kwh3 in FY23, while Grid Power costs 6-8 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
Highest credit rating in the industry
CRISIL A1+ (Stable) Short Term Bank Facilities
4
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, VC & MD • A visionary business leader with more than 20 years of
experience
• 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
5
Driving Integration of Multi-Product Metals Portfolio
Composite License for Iron Ore Mine in Maharashtra
*Backward Integration
Railway siding
Renewables – Captive Solar Energy Plant
*Upcoming Projects
Shyam Metalics & Energy Ltd
Current Portfolio
*Downstream Products
Intermediates
Ferro Alloys
Finished Steel
Aluminium Foil
Colour Coated Sheets
Stainless Steel
Ductile Iron Pipes
Pellets, Billets, Sponge Iron
*Pig Iron, Coke Oven
Ferro chrome, Low Carbon Ferro Chrome, Ferro Manganese, Silico Manganese
Angles, channels, TMT, Beam, Wire rod & Structurals
6
Value Propositions
1
2
3
4
Backward & Forward Integration with presence across the Value Chain
Diversified Product Mix: Scaling up stainless steel & aluminum
Strong Brand & Distribution Network
Private Railway Sidings Advantage for Seamless Logistics
5
Captive Power for ~74% 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
7
Key Updates for Q4 & FY23
Dividend
• Approved payment of interim dividend of Rs 1.8 per share. The dividend payout will amount to
Rs 46 cr
Update on Capex
• On track to organically increase the existing integrated installed facility of 12.73 million tons to
14.45 million tons by 2025. Capex incurred up to FY23 is Rs. 3,007 cr, of which Rs 1,574 cr has been capitalised.
• In addition, capex of Rs 72 cr incurred for Ramsarup and Rs 53 cr for Shyam Metalics Flat Products Pvt Ltd.,
greenfield expansion for coated sheets.
Business Updates
• JV of promoter group has been declared as the preferred bidder by the Directorate of Geology and
Mining, Government of Maharashtra for Surjagad 1 Iron Ore Block in Maharashtra
Financial Performance
• Q4 FY23 : Revenue : Rs. 3,380 cr , EBITDA : Rs. 413 cr , PAT : Rs. 259 cr
• FY23
: Revenue : Rs. 12,610 cr , EBITDA : Rs. 1,486 cr , PAT : Rs. 848 cr
Diversification
•
Taken control of stainless steel operations at Mittal Corp post acquisition
8
Capacity Expansion
Particulars
Unit
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
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
Total
MW
MTPA
MTPA
MTPA
MTPA
MTPA
MTPA
MTPA
MTPA
MTPA
227
2.4
0.21
-
1.39
-
1.39
0.89
0.82
-
0.82
MTPA
5.71
130
1.2
0.01
-
1.51
0.60
2.12
1.11
1.25
0.2
1.45
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
2.85
14.45
40
3.6
0.01
-
1.14
-
1.14
1.11
1.15
-
1.15
7.01
We have incurred a capex Cost of Rs. 3007 Crores till 31st March 2023 which accounts to 76% of the Total Capex envisaged i.e Rs. 3950 Crores and Rs. 1,574 Crores have been capitalised out of Rs. 3007 Crores.
267
6.0
0.22
-
2.53
-
2.53
2.01
1.97
-
1.97
90
-
-
0.45
0.37
0.60
0.97
-
0.10
0.20
0.30
12.73
1.72
Iron Making
Liquid Steel
Finished Steel
9
Current Capacities Across Steel Life Cycle
Finished Steel
1.97 MTPA
WRM 0.92 MTPA (Wire Rod & Wire Draw Mill)
TMT 0.82 MTPA
Structurals 0.20 MTPA
Pipe Mill 0.03 MTA
Iron Making
Liquid Steel
DRI 2.53 MTPA (Direct Reduced Iron)
SMS 2.01 MTPA (Steel Melting Shop)
10
Consistent Track Record on Envisaged Capex
After IPO in FY21, we announced our ambitious capex plans to expand capacity multifold. We have consistently delivered as per the plan and most of the projects have been commissioned well ahead of schedule. In addition, we have also acquired assets which will be margin accretive. We are also expanding our revenue streams with greenfield projects underway to further enhance our product portfolio.
Capacity (Million MTPA)
FY21 (IPO)
Capex incurred (Rs Cr)
Iron Pellet
Sponge Iron
Billets
TMT, Structural Steel, Wire Rods & Pipes
Ferro Alloys
Captive Power (MW)
Blast Furnace
Coke Oven
Railway Siding
Aluminium Foil
2.4
1.39
0.89
0.82
0.21
227
New Venture
540
590
350
265
45
460
188
80
133
355
Total 3,007
FY23
6.0
2.53
2.01
0.97
0.22
267
40,000 TPA
150%
82%
125%
140%
+ 18%
Future Capex (Rs Cr)
20
7
10
412
370
50
Total 955
11
Higher Contribution of Finished Steel Products
Revenue Mix
Volumes (in lakh tonnes)
17%
25%
27%
19%
11% 2019
23%
24%
20%
18%
14%
2020
37%
12% 11% 16%
24%
2021
38%
8% 17%
17%
18%
2022
48%
8% 15%
15% 8% 2023
20.8 1.9
10.2
1.5 7.3
2019
23.2 2.9
8.8 1.5
9.9
2020
31.2
6.1
5.7 1.7
17.7
32.0
7.6
8.1 1.6
14.7
2021
2022
33.3
11.2
8.1 1.8
12.1
2023
TMT, Structural and Pipes
Steel Billets
Sponge Iron
Ferro Alloys
Iron Pellets
Finished Steel
Intermediates
Ferro Product
Iron Pellet
Enriching product portfolio to make a basket of fully integrated downstream products
Make customized products to capitalise on market opportunities
Serve growing demand for steel & allied products
12
Aluminium Foil - Update
Aluminium Plant – Pakuria , West Bengal & Giridih, Jharkhand
Capacity: 40, 000 TPA – One of the largest in India, spread over 5 acres
Plant installed by Achenback (Germany), an industry pioneer
Kickstarted and stabilised plant operations in record time
More than 60% of the production utilised for exports
Rolling range: 40 to 5 micron with annhealing capability, customised as per demand
Majorly producing 6-10 micron rolled material.
11,337 Metric Tons of aluminium foil sold in FY23, aggregating to Rs 416.4 cr and contributing to 3.3% of revenue in FY23
13
Export Opportunities
17
Countries
Exports to countries like USA, Japan, Korea, Italy, Nepal, Bangladesh
10%
Export Contribution to Revenues in FY23
29%
57%
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 FY23
14
Q4 & FY23 Financial Performance
Performance Highlights
Revenue
Rs. 3,380 Crores
Revenue
Rs. 12,610 Crores
18%
y-o-y
21%
y-o-y
Q4 FY23
EBITDA
Rs. 413 Crores
EBITDA
Rs. 1,485 Crores
-38%
y-o-y
-43%
y-o-y
FY23
PAT
Rs. 259 Crores
PAT
Rs. 848 Crores
-40%
y-o-y
-51%
y-o-y
Q4 FY23 Performance Highlights
Revenue from Operations
Rs. 3,380 crores
18% y-o-y
EBITDA
Rs. 413 crores
-38% y-o-y
Profit After Tax
Rs. 259 crores
-40% y-o-y
Revenue Breakup
3.7%
3.3%
8.6%
13.3%
Ferro Products
3.8
0.4
12.6%
5.6%
Steel Products 71%
52.9%
Iron Pellets
3.4
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
-3%
2.8
0.4
2.3
+32%
Q-o-Q
3.6
0.5
3.2
Steel Products
Y-o-Y
+23%
4.9
4.2
Finished Steel
2.3
Steel Billets
0.4
Sponge Iron
1.6
3.2
0.5
1.2
+6%
Q-o-Q
5.2
3.4
0.4
1.4
Q4 FY22
Q3 FY23
Q4 FY23
Q4 FY22
Q3 FY23
Q4 FY23
FY23 Performance Highlights
Revenue from Operations
Rs. 12,610 crores
21% y-o-y
EBITDA
Rs. 1,486 crores
-43% y-o-y
Profit After Tax
Rs. 848 crores
-51% y-o-y
Volumes (in lakh tonnes)
Volumes (in lakh tonnes)
Revenue Breakup
3.3%
8.3%
3.4%
14.5%
Y-o-Y
-15%
Ferro Products
16.4
1.6
15.2%
7.8%
Steel Products 71%
47.5%
Iron Pellets
14.8
13.9
1.8
12.1
Ferro Alloys TMT, Structural and Pipes Steel Billets Sponge Iron
Iron Pellets Aluminium Foil Others
Steel Products
Y-o-Y
+24%
15.6
Finished Steel
8.0
Steel Billets
1.8
Sponge Iron
5.8
19.3
11.2
2.1
6.0
FY22
FY23
FY22
FY23
18
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
-12%
+11%
-8%
-2%
+4%
+9%
-4%
+3%
+10%
1,13,604
89,884
99,863
1,10,235
1,01,372
53,720
50,458
52,472
48,916
53,268
48,102
44,791
46,125
43,395
47,681
Q4 FY22
Q3 FY23
Q4 FY23
FY22
FY23
Q4 FY22
Q3 FY23
Q4 FY23
FY22
FY23
Q4 FY22
Q3 FY23
Q4 FY23
FY22
FY23
Sponge Iron
Iron Pellets
Aluminium Foil
Y-o-Y
-9%
Q-o-Q
4%
+4%
-30%
+18%
-30%
+2%
+0.3%
Y-o-Y
Q-o-Q
Y-o-Y
Q-o-Q
33,920
29,647
30,712
30,447
31,702
10,726
7,725
9,077
12,590
3,65,653
3,55,415
3,64,009
3,66,306 3,67,263
8,611
Q4 FY22
Q3 FY23
Q4 FY23
FY22
FY23
Q4 FY22
Q3 FY23
Q4 FY23
FY22
FY23
Q4 FY22
Q3 FY23
Q4 FY23
FY22
FY23
19
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 Finance Cost Share in Profit/(Loss) of Associate and JV Profit before Tax Tax Profit After Tax PAT Margin (%) EPS (Rs)
Q4FY23 3,380.1 2525.16 2.4 -100.41 2,427.2 952.9 28.2% 97.6 441.9 413.5 12.2% 30.9 125.9 318 38.6 0.0 279.9 21.0 258.9 7.7% 10.15
Q4 FY22 2,856.8 1,795.3 8.1 -25.2 1,778.1 1,078.7 37.8% 65.4 350.2 663.0 23.2% 15.0 90.8 587.3 6.1 0.0 581.2 148.0 433.2 15.2% 16.98
Y-o-Y 22%
-38%
-40%
Q3 FY22 2,921.7 2,080.3 174.5 -110.2 2,144.6 777.1 26.6% 86.1 468.8 222.3 7.6% 37.6 132.0 127.8 32.8 0.0 95.0 30.3 64.8 2.2% 2.54
Q-o-Q 16%
86%
300%
FY23 12,610.2 8,916.3 292.6 -242.6 8,966.3 3,643.9 28.9% 345.2 1,812.9 1,485.9 11.8% 112.0 463.1 1,134.8 93.1 0.1 1,041.8 193.4 848.4 6.8% 33.26
FY22 10,394.0 6,460.9 32.5 -180.9 6,312.5 4,081.4 39.3% 246.6 1,235.1 2,599.9 25.0% 60.0 272.4 2,387.3 23.2 0.1 2,364.3 640.2 1,724.1 16.6% 68.89
Y-o-Y 21%
-43%
-51%
Blended EBITDA Per Ton : Q4 FY 23 – Rs 7,944 vs Q4 FY 22 – Rs 15,703 | FY23 – Rs 7,682 vs FY22 – Rs 16,664
20
Consolidated Balance Sheet
Particulars (Rs. Crs.) Non ‐ Current Assets Property, Plant and Equipment Capital Work-in-Progress Right-of-use Assets Goodwill Other Intangible Assets Equity Accounted Investment Financial assets (i) Loans (ii) Other Financial Assets Income Tax Assets (net) Other Non-Current Assets Total Non ‐ Current Assets Current Assets Inventories Financial assets (i) Investments (ii) Trade Receivables (iii) Cash and Cash Equivalents (iv) Bank Balances other than (iii) above (v) Loans (vi) Other Financial Assets Current Tax Asset Other Current Asset Total Current Assets TOTAL ASSETS
Mar-23
Mar-22
2,867.8 2,768.9 76.4
1.9 931.5
2,383.5 768.3 66.1
5.1 350.3
28.5
39.0
212.5 6,887.4
139.2 3,751.5
2,205.1
2,057.0
531.6 604.2 74.8 97.1 1.0 86.8 104.4 596.2 4,301.2 11,188.7
685.6 376.1 91.4 234.0 172.9 105.8 37.3 981.1 4,673.2 8,424.7
Particulars (Rs. Crs.) Equity Share Capital Other Equity Total Equity Non- Controlling Interest Non ‐ Current Liabilities Financial Liabilities (i) Borrowings (ii) Other Financial Liabilities (ii) Lease Liabilities Provisions Deferred Tax Liabilities, (net) Other Non Current Liabilities Total Non ‐ Current Liabilities Current Liabilities Financial Liabilities (i) Borrowings (ii) Lease Liabilities (iii) Trade Payables (a) total outstanding dues of MSME (b) total outstanding dues of creditors other than MSME (iv) Other Financial Liabilities Other Current Liabilities Provisions Current Tax Liabilities (net) Total Current Liabilities Total Equity and Liabilities
Mar-23 255.1 6,907.4 7,162.5 385.62
331.8 31.8 5.3 20.2 71.2 203.5 663.8
820.0 3.4
14.6 1,510.8 312.1 237.9 1.7 76.4 2,976.8 11,188.7
Mar-22 255.1 5,579.6 5,834.7 3.99
125.8 12.4 6.0 14.0 107.3 171.0 436.5
407.9 3.4
7.8 1,186.1 200.3 304.4 29.8 10.2 2,149.8 8424.7
21
Strong Debt Profile
Gross Debt (Rs. Crs.)*
Net Debt (Rs. Crs.)
1,050
656
785
534
1,152
960
448
448
246
Mar-19
Mar-20
Mar-21
Mar-22
Mar-23
Mar-19
Mar-20
Mar-21
-477 Mar-22
Mar-23
Net Debt / Equity
Net Debt / EBITDA
0.34
0.18
1.51
0.07
0.07
0.48
0.18
0.30
Mar-19
Mar-20
Mar-21
-0.08 Mar-22
Mar-23
Mar-19
Mar-20
Mar-21
-0.18 Mar-22
Mar-23
* Mar-22: Includes Rs 201.1 Cr of debt taken by minority/ JV partner for Ramswarup
22
Strong Balance Sheet – Flexibility of Growth
0.18x Gross Debt / Equity (as of 31st March 2023)
One of Lowest Gearing amongst competitors*
Internal Operating Efficiency led to significant reduction in Working capital requirements
Conservatively Leveraged + Disciplined Capital Allocation strategy = Better Return Metrics
Debt/Equity (x)
Working Capital (days)
Return ratios (%)
Gross
0.18
Working Capital days
43
24
ROCE
0.09
Mar-22
Mar-23
0.07
72
64
57
42
13
Mar-22
17
Mar-23
-0.08 Mar-22
Mar-23
Inventory Days
Creditor Days
Debtor Days
37.5%
15.0%
Mar-22
Mar-23
ROE
29.6%
14.0%
Mar-22
Mar-23
Strong Balance Sheet to support Capex, Growth and Business Cycles
Net
*Crisil Report
23
Annexure
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
25
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
26
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
27
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
3
0.07
1.32
1.14
1.05
0.04
0.06
6
0.22
2.54
2.07
1.97
Captive Power
158 MW
94 MW
15 MW
267 MW
(*Capacities as of February 14th 2023)
28
Captive Power: ~ 74%
•
•
•
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%
74.0%
2.16
2.09
2.15
2.12
3.60
94
158
267
90
357
15
FY19
FY20
FY21
FY22
FY23
FY19
FY20
FY21
FY22
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
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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
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M&A: 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
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•
•
•
•
•
•
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
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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
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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
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 - KALP VRIKSHA programme
• Alternate source of income via enterprise development, skill development
Rural Health
Rural Education
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•
Football team of Shyam Sel & Power Limited
Shoes & Kit distribution
• Play ground development
Social Infrastructure Development
•
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Yearly Eye & Medical Camp for Villagers, FREE Medicine & Spectacles
Free Ambulance & Drinking water Services for villagers
• New Health Center & Homeopathy
Clinic
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Free Coaching Center for Economic backward Section
• Computer Training Center at Dhasna
village
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SHYAM Scholarship for Meritorious students of Economic Backwards
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Temples
• Village Sanitation
• Village Handicrafts – Skill
development
• Gau Daan ( Care for Animals)
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Shyam Metalics & Energy Limited
Mr. Pankaj Harlalka +91 9831298290 Pankaj.harlalka@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