Manaksia Coated Metals & Industries Limited

0.97%

.78 182.56 2.11 FY25 781.63 8.03 FY24 739.65 6.53 In ₹ Cr Y-O-Y 209.85 207.83 0.97% 184.67 13.64% 789.66 746.18 5.83% 162.70 4.23 25.78 192.72 0.00 17.13 8.20 2.21

13.64%

.11 FY25 781.63 8.03 FY24 739.65 6.53 In ₹ Cr Y-O-Y 209.85 207.83 0.97% 184.67 13.64% 789.66 746.18 5.83% 162.70 4.23 25.78 192.72 0.00 17.13 8.20 2.21 6.72 1.69

5.83%

FY24 739.65 6.53 In ₹ Cr Y-O-Y 209.85 207.83 0.97% 184.67 13.64% 789.66 746.18 5.83% 162.70 4.23 25.78 192.72 0.00 17.13 8.20 2.21 6.72 1.69 5.03 5.03 0.68 164.

0.68%

68 164.16 3.96 22.45 190.58 0.00 17.25 8.23 2.31 6.71 1.70 5.01 5.36 0.67 -0.68% -6.28% 141.17 4.12 22.23 167.52 0.00 17.15 8.00 2.30 6.86 1.80 5.06 5.20 0.7

6.28%

.16 3.96 22.45 190.58 0.00 17.25 8.23 2.31 6.71 1.70 5.01 5.36 0.67 -0.68% -6.28% 141.17 4.12 22.23 167.52 0.00 17.15 8.00 2.30 6.86 1.80 5.06 5.20 0.75 612.

0.11%

590.34 16.11 82.86 689.31 0.00 56.87 32.75 9.21 14.91 3.67 11.24 11.55 1.67 -0.11% -3.31% 10.79% 36.97% 6 FY25 Performance Highlights Consolidated Financial Standalone Financi

3.31%

16.11 82.86 689.31 0.00 56.87 32.75 9.21 14.91 3.67 11.24 11.55 1.67 -0.11% -3.31% 10.79% 36.97% 6 FY25 Performance Highlights Consolidated Financial Standalone Financial Stan

10.79%

82.86 689.31 0.00 56.87 32.75 9.21 14.91 3.67 11.24 11.55 1.67 -0.11% -3.31% 10.79% 36.97% 6 FY25 Performance Highlights Consolidated Financial Standalone Financial Standalone F

36.97%

689.31 0.00 56.87 32.75 9.21 14.91 3.67 11.24 11.55 1.67 -0.11% -3.31% 10.79% 36.97% 6 FY25 Performance Highlights Consolidated Financial Standalone Financial Standalone Financial

10.55%

FY24) (FY25 vs FY24) (FY25 vs FY24) ▪ EBITDA increased by 10.79% YoY to ₹ o EBITDA increased by 10.55% YoY o EBITDA increased by 10.55% YoY 63.01 Cr to Rs. 62.92 Cr to Rs. 62.92 Cr ▪ ▪ ▪ Profit Be

Rs. 62.92

by 10.79% YoY to ₹ o EBITDA increased by 10.55% YoY o EBITDA increased by 10.55% YoY 63.01 Cr to Rs. 62.92 Cr to Rs. 62.92 Cr ▪ ▪ ▪ Profit Before Tax (PBT) increased by o Profit Before Tax (PBT) rise by

38.13%

to Rs. 62.92 Cr ▪ ▪ ▪ Profit Before Tax (PBT) increased by o Profit Before Tax (PBT) rise by 38.13% YoY to ₹ 20.59 Cr o Profit Before Tax (PBT) rise by 36.28% YoY to Rs. 20.86 Cr 36.28% YoY to Rs. 2

“Installed Capacity 1,32,000 MTPA Key Features o Coating Thickness Gauge o Skin Pass Mill (4-Hi) o Tension Leveler o Passivation and Organic Coating Q4 FY25 & FY25”

“Q4 FY25: 82% FY25: 76% Investor Presentation 26 Pre-painted Steel Sheets & Coils Installed Capacity 86,000 MTPA o Pre-painted steel Sheets & Coils exhibit superior quality, incorporating a protective paint layer that enhances both aesthetics and corrosion resistance.”

“Domestic Sales - Quantitative Breakdown FY23 In % FY24 In % FY25 In % 18.46 81.54 31.16 35.07 68.84 64.93 Domestic Revenue Export Revenue Particulars Domestic Sales Quantity Export Sales Quantity Total FY23 60,648 13,729 74,377 FY24 61,929 28,037 89,966 In MTPA FY25 66,337 35,837 1,02,174 The company has successfully scaled its footprint in global markets, via diversifying and growing its export customer base Note: Imposition of Export duties led to restriction of exports during FY23.”

“• He also oversees plant operations for efficiency, leads purchase and HR, and played a key role in the 2017 Galvanising line project and color coating line modernization.”

“• His exceptional skills in maintenance, project planning, and resource management are complemented by technical proficiency in AutoCAD, ProE, and equipment design.”

“Domestic steel demand estimated to grow by 9-10% in FY25 (ICRA forecast).”

“• PLI short-listed companies set to invest ₹10,000 Cr (US$ 1.2 billion) in specialty steel in FY25.”

“Investor Presentation 52 CRM Complex (Phase 3 - FY27/FY28) Cold Rolling Mill o IMPORTED Hitachi 6Hi CRM, having capacity of 300,000MT/PA o New Hitachi Make Electrical Drives and AC Motors”

“• HR Slitter • Push Pull Pickling Line • Acid Regeneration Plant (ARP) • Roll Grinder • CR Edge Trimmer / Rewinding Investor Presentation 53 New Aluminum Zinc Coating Line (Phase 3 - FY27/FY28) Adding a second aluminum zinc coating line – To enhance downstream product capacity Capacity Increase By 100% Capacity Expansion From 180,000 MTPA To 360,000 MT/Annum Strategic Impact • Facilitate full utilization of new cold rolling capacity.”

“Zero discharge infrastructure in Gujarat Waste management with effluent treatment plant Plants 150 trees every year 6 MW Solar Power plant planned Reduced carbon footprint Investor Presentation 56 Investment Rationale Strong Financial Performance In FY25, the company posted a 5.68% revenue growth and an exceptional 36.97% PAT increase, highlighting its strong profitability and financial stability for future success..”

Revenue Share

2

Capacity Utilisation

2

Width

2

Long-Term Rating

1

Short-Term Rating

1

Significance

1

Brand

1

Robust Demand

1

Increasing Investments

1

Policy Support

1

Significance

o Global Credibility: Elevates reputation and attractiveness in international markets. o Export Benefits: Grants access to enhanced incentives and trade financing. o Market Expansion: Facilitates entry into new markets and growth opportunities. Investor Presentation 21 Maximizing Financial Flexibility with Key Banking Relationships Strategic Advantages of Banking Partnerships for MCMIL Secured funding for expanding capacity and advanced technologies Improved cash flow management through credit facilities Diversified banking relationships reducing dependency and providing stability. Enhanced negotiation leverage for favorable loan terms and lower capital costs. Investor Presentation 22 Business Overview Production Process Other Input Raw Material ZINC PAINT Equipment Production Process Final Product Sold by MCMIL Cold Rolling Mill Continuous Galvanising Line (CGL) Continuous Colour Coating Line (CCL) HOT ROLLED STEEL (HRC) COLD ROLLED STEEL (CRC) GALVANISED STEEL (GI) PRE-PAINTED STEEL

Capacity Utilisation

Q4 FY25: 82% FY25: 76% Investor Presentation 26 Pre-painted Steel Sheets & Coils Installed Capacity 86,000 MTPA o Pre-painted steel Sheets & Coils exhibit superior quality, incorporating a protective paint layer that enhances both aesthetics and corrosion resistance. Employing advanced 'two coat-two bake' processes and a diverse range of paint systems, these products ensure durability and vibrant finishes suitable for a wide array of applications. o Colour Coating Is Done on substrate metals like Galvanised Steel, Alu-Zinc Coated Steel, and Aluminum. Q4 FY25 & FY25

Brand

The various profiles and sheets offered by the company: Trapezoidal HI-Rib Profile- 1000 Trapezoidal HI-Rib Profile- 1050 Sinusoidal Profile Tiled Roof Profile Plain Sheet Investor Presentation 27 Diverse Applications Of Coated Steel Products Domestic Roofing & Cladding Industrial Metal Building Construction HVAC Systems Refrigeration Metal Ceiling Systems Dry Wall Partition Systems Pharma Clean Rooms Metal Doors & Windows White Goods & Appliances Metal Safes Modern Elevator Systems Bus Body Building Solar Water Heating Equipment Marker Board Insulated Sandwich Panels for Cold Storages Warehouses Refrigerated Trucks Steel Furniture Scaffolding Pipes Investor Presentation 28 Total Sales Quantitative Performance Total Volume Pre-Painted Steel Coils Galvanised steel coils In MTPA 64,028 34,535 29,493 74,377 50,458 16.91% CAGR 89,966 61,479 1,02,174 75,338 23,919 28,487 26,836 FY22 FY23 FY24 FY25 The company successfully shifted its focus towards achieving a higher volume of Pre-painted St

Increasing Investments

• Steel industry witnessing consolidation, attracting investments from other sectors. • PLI short-listed companies set to invest ₹10,000 Cr (US$ 1.2 billion) in specialty steel in FY25.

Policy Support

Government initiatives to promote self-reliance in steel: • ₹70.15 Cr (US$ 8.6 million) allocated to Ministry of Steel in Union Budget 2023-24. • ₹ 75,000 Cr (US$ 9.15 billion) for 100 critical transport infrastructure projects, including steel. • PLI and National Steel Policy to boost steel manufacturing and consumption. • FDI in steel sector: ₹1,10,062 Cr (US$ 18.06 billion) between April 2000-September 2024. • India surpasses China as the largest developer of coal-based steel capacity in July 2023. India is the second-largest producer of crude steel globally.

Competitive Advantage

• • Steel production in FY24: Crude steel – 143.6 MT; Finished steel – 138.5 MT. • Competitive edge due to abundant iron ore reserves (5th-largest globally) and low-cost manpower. • Deloitte report the demand for steel in India is projected to grow significantly over the next decade, with annual growth rates expected to range from 5% to 7.3%.