Maiden Forgings Ltd. · BSE:MAIDEN
Maiden Forgings — H1 FY24 Earnings Presentation
31 slides from Maiden Forgings's earnings presentation, Nov 20, 2023
Slide 1: Submission of Investor Presentation to BSE
November To, Department of Corporate Services/ Listing BSE LIMITED th Floor, P J Towers Dalal Street Mumbai- Subject: Submission of Investor Presentation made on H1 FY24 Unaudited Financial Results Scrip Code: 543874 Dear Sir/Madam, Pursuant to Regulation 30 of Securities Exchange Board of India (Li
Slide 2: Investor Presentation H1 FY24
Maiden Forgings Limited Investor Presentation H1 FY24
Slide 3: Company Overview
Company Overview
Slide 4: Company Overview
Company Overview MAIDEN FORGINGS LTD. KEY FACTS Maiden Forgings Limited (MFL) has been manufacturing wide range of Bright Steel bars and wires from past 35 years, along with increasing focus on value add & specialized products. Manufacturing Units Manufacturing Unit Certifications: & Location: Capac
Slide 5: Key Milestones
Key Milestones MAIDEN FORGINGS LTD. Started Unit 3 & production of SS wires IPO Launched Awarded with the ‘Fastest Growing The company got Restructuring of Company in our business category’ by Listed in BSE SME Shareholding Business Sphere magazine. Incorporated Platform Sole Proprietor Established
Slide 6: Management Team
Management Team MAIDEN FORGINGS LTD. Mrs Nivedita Garg Mr Nishant Garg Urvi Agarwal Raj Kumar Mittal Abhilash Rastogi (Chairman & Director) (Managing Director) (Independent Director) (Independent Director) (Independent Director) Mrs. Nivedita Garg Mr. Nishant Garg completed Urvi Agarwal is a Softwar
Slide 7: Management Team
Management Team MAIDEN FORGINGS LTD. Sanjay Bhattacharya Prachla Garg Mayank Govil Manish Mittal RP Singh (COO) (CFO) (Marketing Head) (Liaison Officer) (Technical Head) Mr. Sanjay Bhattacharya Prachla Garg is a Post- Mr. Mayank Govil is a Marketing Out of his 30+ years of Mr. R P Singh is a Mechani
Slide 8: Business Overview
Business Overview
Slide 9: Product Mix
Product Mix MAIDEN FORGINGS LTD. MFL manufactures its products in a large assortment of sizes starting from 0.19mm up to 100mm, from different grades of steel and in different shapes making it one of the few Indian manufacturing facilities offering such S.S. ROUND Carbon & Alloy Plastic Strip nails
Slide 10: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities MAIDEN FORGINGS LTD. The facility is equipped with all modern machineries & equipment’s with Location: inhouse quality testing facility & lab. Ghaziabad Area: 12,500 square yards Three Strategically Located State-of-the-art Manufacturing Facilities Annual Ca
Slide 11: Manufacturing Process
Manufacturing Process MAIDEN FORGINGS LTD. Pickling Cutting Quality Lime coating/ Phosphating Inspection Annealing Water To get the hardness Pointing Dispatch Raw Material Wire Rods, Rolled Rounds, Rolled Hex, Rolled Squares Straightening Polishing Finish Cutting After Stretching cut to Packaging re
Slide 12: Key Differentiators
Key Differentiators MAIDEN FORGINGS LTD. Fastest Delivery Firm commitment Single Window Quality Model for deliveries Service Consistency The Company produces This strategy gives MFL an Customers get all Despite the delivery system and delivers Carbon & unbeatable customer requirements of Bright bein
Slide 13: Strategic Focus on Value Added Products
Strategic Focus on Value Added Products MAIDEN FORGINGS LTD. Company is planning for forward integration and shift towards “Specialty Steel” for Import substitution in India as well develop strong export markets, which will bring Sustainable improvement DIVERSIFYING PRODUCT PORTFOLIO in business and
Slide 14: Diversified Industry Focus
Diversified Industry Focus MAIDEN FORGINGS LTD. Engineering Industry It includes a huge variety of manufacturers ranging from fasteners, nut bolts, wire ropes, filters, machineries, Auto Sector: mechanical motors, plant It includes all the tier two manufacturers, PEB shed and tier three vendors to t
Slide 15: Key Investment Rational
Key Investment Rational MAIDEN FORGINGS LTD. Presence & Marque Strengthening Promoters Infrastructure Network Clientele Financials & Team o ‘The Business is more o The company has 3 owned o Long established o Robust business growth o Visionary promoters with than 3 decade old and manufacturing plant
Slide 16: A Strong Hold on Top Tier Auto and Engineering Suppliers
A Strong Hold on Top Tier Auto and Engineering Suppliers MAIDEN FORGINGS LTD. KEY CLIENTS Supplies In Domestic As Well As International Markets Maiden Forgings Limited has good vintage with all the top tier I and tier II suppliers of the auto makers such as Hero Motocorp, Bajaj, Maruti, Honda, BMW,
Slide 17: Industry Overview
Industry Overview
Slide 18: Steel Industry Overview
Steel Industry Overview MAIDEN FORGINGS LTD. Notable trends in the Indian steel industry. Growing investment STRONG GROWTH OPPORTUNITIES Steel demand from the automotive sector is expected to increase due to rise in the 1 demand for automobiles. Strategic alliances The new Vehicle Scrappage policy w
Slide 19: Steel Production Capacity Has Expanded Rapidly
Steel Production Capacity Has Expanded Rapidly MAIDEN FORGINGS LTD. Curde Steel Production Capacity (in millon tonnes) Crude Steel Production Capacity in FY20 - By Route (in%) 300 27% 128 138 142 142 144 122 45% 28% FY16 FY17 FY18 FY19 FY20 FY21 FY31P Curde Steel Production Capacity (in millon tonne
Slide 20: Steel Production In India Has Been Growing At A Fast Pace
Steel Production In India Has Been Growing At A Fast Pace MAIDEN FORGINGS LTD. Total Curde Steel Production (Million Tonnes) Total Finished Steel Production (Million Tonnes) 120.01 126.86 133.60 110.92 108.50 120.14 97.95 103.13 102.49 89.79 106.60 101.29 101.03 94.66 71.56 68.17 FY16 FY17 FY18 FY19
Slide 21: Trends In Import And Export Of Steel
Trends In Import And Export Of Steel MAIDEN FORGINGS LTD. In FY22, exports and imports of finished steel stood at 13.49 MT and 4.67 MT, respectively. In FY21, India exported 9.49 MT of finished steel In July 2022 exports of finished steel stood at 3.80 lakh MT. Import destinations of finished steel
Slide 22: Financial Overview
Financial Overview
Slide 23: H1 FY24 Key Financial Highlights
H1 FY24 Key Financial Highlights MAIDEN FORGINGS LTD. Total Income EBITDA EBITDA Margin PAT PAT Margin 116.29 11.29 108.64 10.10 9.30 9.71 4.13 4.18 3.80 3.59 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 All Amount In ₹ Cr & Margins In % 22 Investor Presentation
Slide 24: H1 FY24 Profit & Loss Statement
H1 FY24 Profit & Loss Statement MAIDEN FORGINGS LTD. In ₹ Cr Particular H1 FY24 H1 FY23 Y-O-Y Revenues 115.50 108.45 Other Income 0.79 0.19 Total Income 116.29 108.64 7.04 % Raw Material Costs 98.36 91.56 Employee Costs 1.53 1.78 Other Expenses 5.12 5.21 Total Expenditure 105.00 98.54 EBITDA 11.29 1
Slide 25: Profit & Loss Statement
Profit & Loss Statement MAIDEN FORGINGS LTD. In ₹ Cr Particular FY23 FY22 FY21 Revenues 220.82 210.51 199.24 Other Income 0.33 0.33 0.14 Total Income 221.15 210.84 199.38 Raw Material Costs 185.16 186.45 182.54 Employee Costs 3.13 1.81 1.68 Other Expenses 10.55 10.20 1.64 Total Expenditure 198.85 19
Slide 26: Balance Sheet
Balance Sheet MAIDEN FORGINGS LTD. In ₹ Cr Equities & Liabilities FY23 FY22 FY21 Assets FY23 FY22 FY21 Equity 10.43 5.21 5.21 Non Current Assets Reserves 30.29 25.99 23.78 Fixed Assets 29.21 24.49 25.54 Net Worth 40.72 31.21 28.99 Non Current Investments 0.00 0.00 0.00 Non Current Liabilities Other
Slide 27: Key Financial Highlights
Key Financial Highlights MAIDEN FORGINGS LTD. Total Income EBITDA EBITDA Margin PAT PAT Margin 221.15 22.31 9.61 210.84 13.52 12.38 199.38 10.09 4.34 6.78 2.19 5.87 1.69 0.85 1.04 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 All Amount In ₹ Cr & Margins In % 26 Investor Presentation
Slide 28: Key Financial Ratios
Key Financial Ratios MAIDEN FORGINGS LTD. Strong Return Ratios In % Leverage Ratios In Times 32.45 3.43 19.17 17.77 23.59 1.98 1.09 1.51 1.66 5.83 7.02 0.65 FY21 FY22 FY23 FY21 FY22 FY23 ROE ROCE Debt - Equity Interest Coverage Asset Turnover Ratio In Times Per Share Matrix In ₹ 55.60 39.04 8.60 29.
Slide 29: Key Financial Ratios
Key Financial Ratios MAIDEN FORGINGS LTD. Trade Receivable Turnover Ratio In Times Trade Payable Turnover Ratio In Times 8.84 25.51 7.75 6.23 14.34 14.64 FY21 FY22 FY23 FY21 FY22 FY23 Inventory Turnover Ratio In Times Current Ratio In Times 5.45 1.37 4.50 3.68 1.35 1.34 FY21 FY22 FY23 FY21 FY22 FY23
Slide 30: Stock Data
Stock Data MAIDEN FORGINGS LTD. Stock Information Share Holding Pattern As on 20-11-2023 As on 30-09-2023 BSE Code 543874 Bloomberg MAIDEN:IN ISIN INE0O1T01010 23.63% Share Price ₹ 104.39 Promoters Market Capitalization ₹ Cr 148.36 No. of Share Outstanding 1,42,12,000 Public Face Value ₹ 10 73.37% 5
Slide 31: Thank You
Maiden Forgings Limited Kirin Advisors Private Limited B-5, Arihant Tower, Block D Market, Vivek Vihar, 713-B, Lodha Supremus II, East Delhi, New Delhi – 110092. Wagle Estate, Thane West – 400 604. Email: cs@maidenforgings.in E-mail: info@kirinadvisors.com Phone: 011 - 4479 6732 Phone: +91 22 4100 2