Sarda Energy & Minerals Limited has informed the Exchange regarding Investor Presentation
'
'
Industrial Growth Center, Siltara Raipur (CG) 493111, india Tel: +91 771 216100 Fax:+917712216198l99 PAN No; AAACR6149L CIN : L27100MH1973PLC 016617 www.sem[.c0.in info@seml.co.in
An ISO 9001. ISO 14001 & OHSA515001 certified Cnmpany "\ f ,_ .. ‘8 $3)
A
..
I
BSE Ltd The Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street — Mumbai 400 001
Security Code No. : 504614
Dear Sir,
Sub:
Corporate Presentation
SARDA ENERGY 8. MIN RA
E
Ls LTD
.
4m February, 2019
National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex Bandra (E), Mumbai — 400051 Fax. No: 022-26598237/38, 022-26598347/48
‘
Symbol: SARDAEN
Series : EQ
With reference to Regulation 30 (6) read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, we are enclosing herewith the Corporate Presentation on the 3!“ quarter FY 19 results of Our Company.
The copy of the said Corporate Presentation is also being placed on the website of the company - www.semJ.co.in. The said presentation will also be shared with various Analysts / Investors
You are requested to take the information on records and disseminate the same for the information of the investors. Please acknowledge receipt,
Thanking you,
Yours faithfully, For Sarda Energy <3: Minerals Ltd.
Encl: As above
ngistelsd Office .' 73M, CentralAI/enue, Nagpur (MH) 440018, Tel: 91 712 2722407 Fax: 0712-2722107 lnb‘la
Q3 & FY19 RESULTS PRESENTATION
9 1 0 2 y r a u r b e F
01
Company Overview
02
Business Overview
03
Strategic Priorities & Growth Outlook
04
Q3 & 9M FY19 Results
05
Annexure
DISCUSSION SUMMARY
1
COMPANY OVERVIEW
2
Health and Safety
Assets & Operational Details
• At SEML, safety is taken as top priority. The workers are equipped with
necessary safety gears on their operational role
• Regular medical check-up and in house medical facilities ensure that
workers keep in good health
• The incident rate (including minor injuries) has seen a declining trend
over past few years
• All employees at the plant have to go through training on safety
measures every year
Corporate Social Responsibility
• The Company has adopted 90 single-teacher schools in the tribal areas
of Chhattisgarh for providing basic education
• The Company actively sponsors medical facilities, assisting in primary
healthcare across villages
•
•
It runs a well-equipped ambulance with doctors and has set up first-aid facilities in the villages surrounding its mines
It has extended financial assistance to Bhartiya Vidya Bhawan and R K Sarda Vidhya Ashram for school buildings / operations
No. of Incidents(including minor)
43
37
21
15
23
253
300 .00
250 .00
200 .00
150 .00
100 .00
50. 00
0.0 0
CY13
CY14
CY15
CY16
CY17
CY18
3
Key Milestone Key Milestones
Installed 25 TPD Electric Arc Furnance in 1990
Acquired 3 Power units in 1993-94
Installed Two Sponge Iron Kilns of 30K MT each in 1993 and 1995
Sold two power units and installed one as captive power plant
1989-99
1979-89
The Company acquired Raipur Wires and Steel as a sick unit in 1979
Installed 10 MT electric arc furnace in 1981 to produce ingots
Installed continuous casting machine in 1984 for billets production
4.8 MW Hydro power plant operationalised in 2008-09
Pellet plant commenced operations in 2009-10
66 MVA Ferro Alloys plant and 80 MW Thermal power plant started at Vizag in 2012-13
24 MW Hydro Power project started in July 2017
2008-18
1999-08
Company started 24 MW captive power plant and Ferro Alloy plant in 2001
Commenced a fly ash brick plant to utilize hazardous fly ash from captive power plant
Acquired Iron ore mine with reserves of 20 Mn MT. Commenced iron ore extraction from the mines in 2004
Post 2018
Steel plant capacity to be increased by 50% in FY19
Commissioning of 96 MW Hydro Power plant located in Sikkim in FY20 and 24 MW plant located in Chhattisgarh in FY22
4
Company at Glance Company at a Glance Company at a Glance
Operations
Financials
Vertically integrated producer of steel with captive raw materials
Steel
Leading Manufacturer and exporter of niche grade manganese based ferro alloys
Ferro Alloys
Financial Performance
Revenues grew at 21% CAGR over last two years. EBITDA grew at 45% CAGR over the same period
Low Gearing
Leverage is one of the lowest in the sector Debt to Equity stands at 0.83 in FY18, lower than 0.95 in FY17
Ventured into hydro power in Uttarakhand, Chhattisgarh and Sikkim with Government push towards clean energy
Hydro Power
Background Background
Sustainable Growth
Production has grown profitably in the last few years across segments
Sarda Energy & Minerals Limited (SEML), incorporated in 1973, is the flagship company of Sarda Group
5
Company at Glance Company at a Glance FY18 – A Landmark Year in Sarda History
Pellets Highest ever pellet production of 600,000 MT
Billets Highest ever billet production of 136,000 MT
Ferro Alloys Highest ever ferro alloys production of 148,982 MT
Hydro Power Highest ever energy generated of 19.1 Mn units
Revenue Highest ever revenue of Rs 22,166 Mn with growth across all divisions
EBITDA Highest ever EBITDA of Rs 4,016 Mn
PAT Highest ever PAT of Rs 2,057 Mn
Dividend Highest ever dividend of Rs. 5 / share reflects management focus towards rewarding shareholders
6
Operations Business Operations: Geographical Footprint
Lower transportation costs due to close proximity to raw materials and end users
4.8MW in Uttarakhand
96MW in Sikkim
Iron ore mine in Rajnandgaon
24MW in Gullu
SEML plant in Siltara
SMAL, VIZAG
Rajnandgaon (Iron Ore mine) to Siltara (SEML Plant) 140 kms
Ferro Alloy plant at Vizag is operated under SMAL
7
Product Offerings
Business
Offerings
Demand Drivers
e r O n o r I
t e l l i
B
o c i l i
S
e s e n a g n a M
Steel
Ferro – Alloys
Hydro Power
&
t e l l e P
e g n o p S
n o r I
d o R e r i
W
B H &
e r i
W
o r r e F
e s e n a g n a M
Infrastructure & Urban development
Housing for All
Construction demand
All types of steel, demand aligned to increase in steel demand
Requirement is higher in manufacturing alloy steel
Government’s push towards clean energy
To meet peak power demand
Hydro power is more viable option in difficult terrain with limited sunlight and wind availability
8
Board of Directors
Kamal Kishore Sarda, CMD
Mechanical Engineer with 40 years experience in Iron and Steel Industry. He is responsible for steering SEML towards the path of growth
Pankaj Sarda, Jt Managing Director
Padam Kumar Jain, Director and CFO
Uma Sarda, Director
MS in Industrial Administration from Purdue University, USA, with an industry experience of more than 12 years
CA, CS with a rich experience of 31 years in the field of accounting, finance, taxation, costing and corporate laws
Arts graduate with specialization in Home Science. Active member of NGO that works for primary education & healthcare of tribal people
Jitender Balakrishnan
Asit Kumar Basu
Prabhakar Tripathi
PGDM in Industrial Management. Ex DY. MD, IDBI Bank, having wide experience in the field of Oil & Gas, Refineries, Power, Steel etc.
BME graduate with 40 years of experience in the field of finance. Ex chief general manager of IDBI Bank
Former CMD of NMDC with a rich experience of 45 years in the field of mining and related activities
Gajinder Singh Sahni
C K Lakshminarayanan
Rakesh Mehra
Post Graduate from Cardiff University. IAS officer and former MD, MSIDC & MP, Cabinet Secretariat, Govt of India
An Engineer with experience spanning across various institutions like ST CMS Electric, IDBI etc.
FCWA with over 35 yrs of experience in finance & accounting. Ex GM, Madhya Pradesh Audhyogik Vikas Nigam
Independent Non Executive Director
9
Strong Corporate Governance
Experienced Board
Employee Engagement
Values
60% independent directors with diverse experience who play an important role in policy decisions and strategy making
Clear thought process on business and alignment of employee goals with the management vision
Management has a culture of ethical values to be followed while working with the company
Transparency
Corporate Policy
Shareholder Wealth
Transparency in all company matters to build an organisation with rich moral values
All crucial operational decisions are taken in adherence with the company’s policy
The company strongly believes in rewarding shareholders, dividend has been paid consistently since FY04
10
BUSINESS OVERVIEW
Steel Business: Industry Overview
Sector Overview
•
•
India became the 2nd largest crude steel producer in 2018, as large public and private sector players strengthened steel production capacity in the view of rising demand
India is the largest producer of Direct Reduced Iron (DRI) or Sponge Iron worldwide
• The steel sector contributes over 2% to the Indian GDP
•
India’s per capita consumption of steel grew from 59.6 kgs in FY14 to 68 kgs in FY18
Future Growth
• Renewed push towards infrastructure development will
increase steel demand going forward
• Government has set target for 300 million tonne production by
2030, c.3x from current production run-rate
Source: IBEF; FICCI report, WSA
India's Crude Steel Production (Mn Tonnes)
87
90
96
102
107
CY14
CY15
CY16
CY17
CY18
60,000
50,000
40,000
30,000
20,000
10,000
D S U
,
P D G a t i p a c
r e P
0
0
World Steel Demand Intensity
USA, 294
Germany, 484
Russia, 275
Brazil. 103
India. 68
Japan,497
Turkey, 437
China, 489
100
200
300
400
500
600
Per capita Steel Consumption, kg
12
Steel Business: Product Offerings
Iron ore
Pellet
• Iron ore mines near SEML plant in Siltara • Production run rate of 500,000 MT with mine life of 30 years
• Pellets are produced from Iron Ore Fines & majorly sold in local markets; balance is captively used for production of Sponge Iron
• The capacity of the pellet plant is 600,000 MT
Sponge Iron
• Sponge Iron is produced from captive Iron Ore Lumps and Pellets • Sponge Iron capacity is 360,000 MT
Billet
• Billets are semi finished steel products produced by continuous casting process • Billet production capacity is 200,000 MT
Wire Rod & HB Wire
• Wire Rods are hot rolled products made from direct hot billet charging • Wire Rods production capacity is 180,000 MT • Wire Rods are cold drawn to produce HB Wires
Eco Bricks
• Eco-Bricks are mainly manufactured from fly-ash and waste heat generated from the
power plant
• Company’s annual production capacity is 130,000 MT
13
Steel Business: Iron Ore
Assets & Operational Details
• Company’s operational Iron Ore mine has potential reserves of 18 Million MT and annual production output of 400,000 MT *
• Semi-mechanised mine commenced operation in 2004
•
Iron ore business act as a feeder to Pellet & Sponge Iron Plants
• Highest ever Iron ore production in 9M FY19 of 297,648 MT
Future Strategy
•
Iron ore production will be increased up to 500,000 MT in FY19 based on requirement from Sponge and Pellet plant
• Further mines allotted in Chhattisgarh with estimated 240 Mn
tonnes of reserves, further clearances in process
Iron Ore Production (‘000 MT)
454
371
255
148
298
* Production run-rate at the end of FY18 at 500,000 MT
14
FY15
FY16
FY17
FY18
9M FY19
Steel Business: Pellet & Sponge Iron
Pellet
Sponge Iron
• Current production capacity of 600,000 MT
• Current production capacity of 360,000 MT
• 65% of the production is sold externally and remaining is processed internally for further downstream production
• Since India has ample supply of thermal coal, sponge iron is the
preferred route of steel making
• Expansion of capacity to 800,000 MT is expected by end of FY19
• 40% - 45% is used internally and remaining is sold in local markets
(currently environmental clearance under process)
• Thermal coal is sourced locally, primarily from subsidiaries of Coal
• Pellet consumed as raw material by local sponge iron plants
India
• Started exports during the year
Pellet and Sponge Iron Production (‘000 MT)
545
495
600
600
243
266
304
278
537
223
FY15
FY16
FY17
FY18
9M FY19
Pellet
Sponge
15
Steel Business: Billet
Billet
• Current production capacity of 200,000 MT
• 15% of the production is sold externally, remaining is processed
internally for further downstream production
• The company plans to expand steel billet capacity to 300,000 MT
by end of FY19
• Well positioned with complete back end integration to enhance
capacity
118
Billet Production (‘000 MT)
135
133
136
112
FY 15
FY 16
FY 17
FY 18
9M FY19
16
Steel Business: Wire Rod and HB Wire
Wire Rod
• Current production capacity of 180,000 MT, with capacity utilization
of over 60%
• Wire Rod is a hot rolled product made from hot charged Billets
• High strength products offered at reasonable price in the local
markets
• Wire Rod is sold to local markets, hence minimum expense on
logistics
• The company has exported Wire Rod for the first time in FY18
•
Increase in Billet production capacity will lead to rise in production of Wire Rods without any incremental capex
Wire Rod and HB Wire Production (‘000 MT)
HB Wire
• Current production capacity of 30,000 MT
82
92
101
113
• HB Wire are cold drawn from Wire Rod and sold on different
specifications, sold to local markets in Chhattisgarh
22
27
30
28
88
14
FY15
FY16
FY17
FY18
9M FY19
Wire Rod
HB Wire
17
Ferro Alloys: Industry Overview
Sector Overview
• Ferro Alloys are vital additives for steel manufacturing
• Ferro Alloys enhance the strength of the steel and act as a
de-oxidant in steel manufacturing
• Approximately 1.5% of Manganese Alloy is required to produce
every tonne of steel
Future Growth
• Globally, the industry is expected to grow at a CAGR of 5.9%
between 2017 and 2025 and is expected to reach a valuation of $188.7 Billion by 2025
• The growth in the steel sector will drive the demand for Ferro
Alloys
India’s Ferro Alloys Production (Mn Tonnes)
1.80
0.5
FY 14
1.70
0.5
FY 15
1.70
0.4
FY 16
1.90
0.5
FY 17
Ferro Manganese
Silico Manganese
Source: CRU India and IFAPA
18
Ferro Alloys Business
Ferro Alloys
Ferro Alloys Production (‘000 MT)
• Company has two operational plants of Ferro Alloys which are located at Raipur and Vizag with a total installed capacity of 111 MVA
• The company manufactures manganese based Ferro Alloys which
are sold domestically as well exported to other countries
• Company received the prestigious export promotion council award
in 2018
113
107
128
149
113
FY15
FY16
FY17
FY18
9M FY19
Ferro Alloys Exports (‘000 MT)
3,120
52
2,021
43
2,216
37
6,111
86
4,398
64
• SEML and its subsidiary both have been awarded Two-Star
export house status from Government of India
• The company exports majority of the Ferro Alloys exports to
Japan
• Company’s Ferro Alloys exports grew from 37,238 MT in
FY17 to 86,183 MT in FY18
FY15
FY16
FY17
FY18
9M FY19
Ferro Alloys Exports ('000 MT)
Ferro Alloys Exports (Rs Mn)
19
Hydro Power Business: Industry Overview
India’s Hydropower Capacity
40531
41267
42783
44478
45293
45399
3804
3991
4274
4418
4486
4517
FY14
FY15
FY16
FY17
FY18
9M FY19
Small Hydro (MW)
Large Hydro (MW)
Hydro Power projects below 25 MW are Small Hydro as per Government of India’s guidelines and they are considered as Renewable Energy Projects
• Government of India has set a target of adding 175 GW of
renewable power in the country by 2022
• Government has earmarked $250 Billion for renewable
energy over next 5 years
• Discoms are mandated to procure 15% of energy units
from renewable sources by FY20
•
•
•
India’s small Hydro power installed capacity has grown from 3,804 MW in FY14 to 4,486 MW in FY18
India’s large Hydro power installed capacity has grown from 40,531 MW in FY14 to 45,293 MW in FY18
India is committed towards reducing its carbon footprint, aiming to reduce its carbon emissions by 33% - 35% from 2005 levels by 2030
• Under Union Budget 2018-19, $ 581 Million has been
allocated for grid-interactive renewable energy schemes and projects
Source: MNRE, CEA
20
Hydro Power Business: Industry Overview
RTC Power Exchange Prices (Rs/ KWH)
6.3
5.3
4.3
3.97
3.3
2.3
1.3
2.36
2.36
2.13
April
Source: IEX
4.57
2.5
1.91
1.72
May
3.68
3.45
2.19
1.89
1.84
June
FY16
2.05 1.86
1.76
July
5.73
4.69
3.68
3.68
3.06
2.55
2.01
2.06
3.33
2.67
2.05
1.74
3.58
3.2
2.2
1.98
3.3
2.65
2.11
1.8
4.02
3.41
3.19
3.22
2.03
2.05
2.06
1.9
1.77
2.06
August
Septemeber October Novemeber December
January
February
March
FY17
FY18
FY19
21
Hydro Power Business
Uttarakhand 4.8MW
Chhattisgarh 24MW
Sikkim 96MW Chhattisgarh 24MW
Operational since 2008
Operational since July, 2017
Under Execution
Operated at 45.42% PLF during FY14-17
Expected PLF to be around 50% in FY19
Sikkim power plant to be commissioned in FY20
PPA signed at Rs 3.85 per unit with the state discoms for 35 years
PPA signed at Rs 5.04 per unit with the grid for 35 years
Sikkim offers ideal terrain for hydro power
Average units sold stand at 19.33 mn on a yearly basis
18.26 mn units were sold in FY18
Chhattisgarh needs hydro power to meet its renewable energy obligation against thermal power generation
Chhattisgarh power plant to be commissioned in FY22
22
STRATEGIC PRIORITIES AND GROWTH OUTLOOK
Strategic Priorities
01
02
03
04
Financial Discipline
Profitable Growth
Integrated Operations
Identifying next growth avenues
Maintain financial health of the
Gradually ramping up Iron
Different business divisions
Strategically expanding ongoing
Company, with Debt / Equity
Ore production capacity
complement each other, thereby
operations and scouting for future
ratio not more than 2x
and increasing profitability
increasing overall efficiency and
growth from inorganic route
profitability
24
Project Expansion Plan
Project
Capacity pre-expansion
Capacity Post-expansion
Incremental Capex
Spend till date
Remarks
Steel (Pellet plant)
Steel (Billet plant)
600,000 MT
750,000 MT
Nil
Nil
200,000 MT
300,000 MT
Rs 250 Mn
Rs 100 Mn
Hydro Power
29 MW
149 MW
Rs 14,300 Mn
Rs 10,180 Mn
Approvals are required Pellets will be sold externally along with captive consumption
The upcoming steel plant will be commissioned by FY19 which will lead to higher capacity utilisation
Sikkim Hydro Power plant (96 MW) will be commissioned by FY20 and Chhattisgarh power plant (24 MW) will be commissioned by FY22
25
Q3 & 9M FY19 RESULTS
Q3 & 9M FY19: Key Result Highlights (Consolidated)
Q3 FY19 YoY Analysis
In Rs Mn
REVENUES *
EBITDA & EBITDA MARGIN
PAT & PAT MARGIN
5,235
6,139
19.2%
24.4%
1,462
10.2%
12.6%
771
17.3 %
1,000
46.1 %
536
43.8 %
Q3 FY18
Q3 FY19
Q3 FY18
Q3 FY19
Q3 FY18
Q3 FY19
9M FY19 YoY Analysis
REVENUES *
EBITDA & EBITDA MARGIN
PAT & PAT MARGIN
15,823
15.5 %
18,283
18.2%
22.3%
4,015
2,850
40.9 %
9.7%
1,535
8.8%
1,615
5.2 %
9M FY18
9M FY19
9M FY18
9M FY19
9M FY18
9M FY19
* Revenues is net of excise duty
27
Q3 & 9M FY19: Segment Analysis
Segment Revenues (Rs Mn)
Q3 FY19
Q3 FY18
Steel
% of Total
Ferro Alloys
% of Total
Power
% of Total
Others
Total
Less: Intersegment Revenue
Total Revenues
3,245
46.3%
2,523
36.0%
1,209
17.3%
29
7,005
866
6,139
YoY %
42.0%
-7.0%
2,285
37.9%
2,712
45.0%
995
21.5%
16.5%
30
6,022
787
5,235
-2.3%
16.3%
9.9%
17.3%
9M FY19
9M FY18
9,013
42.8%
8,259
39.2%
3,761
17.8%
49
21,082
2,799
18,283
YoY %
40.1%
-5.7%
27.3%
6,431
35.3%
8,756
48.1%
2,955
16.2%
74
-33.8%
18,216
2,395
15.821
15.7%
16.9%
15.6%
Segment EBIT Margin (%)
Q3 FY19
Q3 FY18
9M FY19
9M FY18
Steel
Ferro Alloys
Power
30.0%
15.3%
6.1%
20.6%
12.3%
-3.4%
34.1%
10.6%
8.2%
21.6%
12.3%
5.6%
28
Q3 & 9M FY19: Segment Wise Production Data
Production
Steel
Iron ore Pellet (MT)
Sponge Iron (MT)
Steel Billet (MT)
Wire Rod (MT)
HB Wire (MT)
Ferro Alloys (MT)
Power (Mn Kwh)
Q3 FY19
Q3 FY18
YoY %
9M FY19
9M FY18
YoY %
3,13,321
2,86,981
1,71,198
1,54,504
9.2%
10.8%
21.8%
5.4%
-5.8%
62,712
34,299
28,406
7,060
-60.0%
35,211
275
1.2%
4.6%
9,74,262
9,20,428
5,36,997
5,13,567
5.8%
4.6%
2,23,000
1,99,389
11.8%
1,11,978
1,02,054
88,063
14,224
84,081
21,337
1,13,187
1,13,453
898
846
9.7%
4.7%
-33.3%
-0.2%
6.1%
76,379
36,156
26,762
2,826
35,643
287
Steel
Ferro Alloys
Power
• Steel business witnessed production growth of 9.2% YoY in Q3 FY19
• Ferro Alloys production marginally grew by 1.2% YoY in Q3 FY19
• Power business grew by 4.6% YoY in
Q3 FY19
•
Iron ore pellet and sponge iron displayed robust growth
• This was on account of lower captive
consumption of power
• Production of steel billet, wire rod and
HB wire was low because of scheduled shutdown for replacement of cooling tower
• Hydro power production declined from 22.63 Mn units to 15.84 Mn units in Q3 FY19
29
Consolidated Profit & Loss
Particulars (Rs Mn)
Revenue from Operations *
Other Operating Income
Total Revenues
COGS
Employee Expenses
Other Operating Expenses
EBITDA
EBITDA Margin %
Other Income
Depreciation/ Amortization
Finance Cost
PBT
Share of Profit/ (Loss) from Subsidiaries
Exceptional Items
Tax
PAT (Before MI)
* Revenue from Operations is net of excise duty
Q3 FY19
Q3 FY18
YoY %
9M FY19
9M FY18
YoY %
6,004
135
6,139
3,956
209
512
1,462
24.4%
84
189
242
1,115
0
-
345
771
5,200
15.5%
18,042
15,702
34
291.9%
5,235
3,552
188
494
1,000
17.3%
11.4%
11.6%
3.5%
46.1%
241
18,283
11,672
615
1,981
4,015
121
15,823
10,965
560
1,447
2,850
14.9%
99.1%
15.5%
6.4%
9.7%
36.9%
40.9%
FY18
21,521
216
21,737
14,778
771
2,172
4,016
19.2%
511bps
22.3%
18.2%
410bps
18.7%
129
180
237
711
(4)
-
172
536
-34.6%
4.7%
1.9%
(83)
571
739
588
547
702
-114.1%
4.3%
5.2%
703
732
967
56.8%
2,623
2,189
19.8%
3,021
-102.1%
100.5%
43.8%
(8)
-
1,000
1,615
3
-
656
1,535
-383.0%
52.3%
5.2%
9
(78)
895
2,057
30
Consolidated Balance Sheet
Liabilities (Rs Mn)
H1 FY19
FY18
Assets (Rs Mn)
H1 FY19
FY18
Equity Share Capital
Other Equity
Total Equity
Borrowings
Other Financial Liabilities
Provisions
Deferred Tax Liabilities (Net)
360
17,138
17,499
360
16,289
16,649
Fixed Assets
Investments
Other Financial Assets
9,881
9,832
Other Non-Current Assets
22,217
21,420
522
171
755
548
165
676
77
79
667
152
78
681
Total Non Current Assets
23,665
22,809
Total Non Current Liabilities
10,706
10,743
Borrowings
Trade Payables
Other Financial Liabilities
Provisions and Other Current Liabilities
Total Current Liabilities
Total Liabilities
1,955
3,193
1,565
722
7,435
3,267
1,308
1,623
536
6,734
35,640
34,126
Total Assets
Inventories
Trade Receivables
Cash & Cash Equivalents
Investments
Other Current Assets (Net)
Total Current Assets
4,848
1,350
367
1,568
3,841
4,113
1,312
216
2,325
3,351
11,975
11,317
35,640
34,126
31
ANNEXURE
Financial Summary
REVENUES
EBITDA & EBITDA MARGIN
17,599
14,799
14,342
21,737
21.5%
3,773
13.0%
15.1%
1,920
2,170
In Rs Mn
18.5%
4,016
FY15
FY16
FY17
FY18
FY15
FY16
FY17
FY18
PAT & PAT MARGIN
8.6%
8.9%
1,277
1,270
9.5%
2,057
3.2%
563
FY15
FY16
FY17
FY18
1.16
12,803
14,821
FY15
DEBT / EQUITY RATIO
0.94
0.95
12,958
12,213
FY16 Debt
14,407
13,628
FY17
Equity
D/E
0.83
16,649
13,855
FY18
33
Annexure Realization
Trends in Sales Realization (Rs / MT)
55,890
54,306
34,244 32,480 28588
18,561
8,137
FY 14
58,208
53,443
35,079
33,639 28963
19,112
7,747
FY 15
46,434
44,113
27,795
26,013
23265
13,506
4,958
FY 16
54,312
53,344
27,089
26,040 21601
12,206
4,245
FY 17
72,122
65,125
33,898 32,110
27587
16,842
5,272
FY 18
Iron Ore Pellet
Sponge Iron
Steel Billets
Wire Rod
HB Wire
Ferro Manganese
Silico Manganese
34
Production & Sales
Production
FY16
FY17
FY18
External Sales
FY16
FY17
FY18
Pellet ( MT)
494,916
599,925
599,950
Pellet ( MT)
252,750
207,786
383,831
Sponge Iron (MT)
265,508
304,193
278,147
Sponge Iron (MT)
143,250
176,315
150,415
Steel Billet (MT)
134,566
133,442
136,349
Steel Billets (MT)
37,852
29,456
19,633
Wire Rod (MT)
92,437
101,176
113,466
Wire Rod (MT)
52,178
72,348
85,567
HB Wire (MT)
26,764
29,552
27,763
HB Wire (MT)
26,101
29,387
28,615
Ferro - Alloys (MT)
106,928
127,602
149,258
Ferro - Alloys (MT)
112,727
120,334
149,316
Power (mn KWH)
1,182
1,013
1,010
Power (mn KWH)
463
197
145
35
Aakash Mehta - IR Consultant
Contact No: +91 98706 79263 Email: Aakash.mehta@dickensonir.com
THANK YOU
Padam Kumar Jain - CFO Contact No: +91 77122 14238 Email: pkjain@seml.com