Manaksia Coated Metals & Industries Ltd · NSE:MANAKCOAT
Manaksia Coated Metals & Industries — Q3 FY25 Earnings Presentation
59 slides from Manaksia Coated Metals & Industries's earnings presentation, Feb 13, 2025
Slide 1: Press Release cover letter to exchanges
Sec/Coat/097/FY 2024-25 Dated : 13.02.2025 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing, Exchange Plaza, C-1, Block “G” Rotunda Building, 5th floor, Bandra Kurla Complex, PJ Tower, Dalal Street, Bandra East, Mumbai- 400001 Mumbai- 400051 Scrip Code:
Slide 2: Q3 & 9M FY25 Investor Presentation
Manaksia Coated Metals & Industries Limited Q3 & 9M FY25 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Manaksia Coated Metals & Industries Limited (MCMIL, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Q3 & 9M FY25 Financial Highlights
Q3 & 9M FY25 Financial Highlights
Slide 5: Q-o-Q Consolidated Performance Highlights
Q-o-Q Consolidated Performance Highlights Total Income EBITDA EBITDA Margin (%) Net Profit Net Profit Margin (%) 5.01 207.83 17.25 13.83 176.60 2.36 2.41% 8.30% 7.83% 1.34% Q2 FY25 Q3 FY25 Q2 FY25 Q3 FY25 Q2 FY25 Q3 FY25 All Figures In ₹ Cr & Margin in % Investor Presentation 4
Slide 6: Q3 FY25 Consolidated Performance Highlights
Q3 FY25 Consolidated Performance Highlights Total Income EBITDA EBITDA Margin (%) Net Profit Net Profit Margin (%) 5.01 207.83 17.25 194.14 4.05 14.11 2.41% 8.30% 2.09% 7.27% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 All Figures In ₹ Cr & Margin in % Investor Presentation 5
Slide 7: 9M FY25 Consolidated Performance Highlights
9M FY25 Consolidated Performance Highlights Total Income EBITDA EBITDA Margin (%) Net Profit Net Profit Margin (%) 10.35 579.81 566.01 45.88 39.72 6.18 1.79% 7.01% 7.91% 1.09% 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25 All Figures In ₹ Cr & Margin in % Investor Presentation 6
Slide 8: Q3 FY25 & 9M FY25 Consolidated Result Highlights
Q3 FY25 & 9M FY25 Consolidated Result Highlights In ₹ Cr Particulars Q3 FY25 Q2 FY25 Q-O-Q Q3 FY24 Y-O-Y 9M FY25 9M FY24 Y-O-Y Revenues 205.05 174.91 190.86 573.74 557.10 Other Income 2.78 1.69 3.28 6.07 8.92 Total Income 207.83 176.60 17.68% 194.14 7.05% 579.81 566.01 2.44% Raw Material costs 164.1
Slide 9: Q3 & 9M FY25 Performance Highlights
Q3 & 9M FY25 Performance Highlights Financial Performance Highlights Q3 FY25 revenue Q3 FY25 PBT rises by Q3 FY 25 Net Profit grows EPS for Q3 FY25 increases increases by 17.68% 113.26% QoQ to ₹ 6.71 Cr. by 111.93% QoQ to ₹ 5.01 Cr. by 111.93% QoQ to ₹ 0.67. QoQ to ₹ 207.83 Cr. 9M FY25 PBT increases
Slide 10: Management's Comment On Q3 & 9M FY25 Performance
Management’s Comment On Q3 & 9M FY25 Performance We are pleased with our Q3 FY25 performance, which reflects strong revenue growth, improved profitability, and an expanding global footprint. This growth has been driven by enhanced operational efficiency, strategic initiatives, and a continued focus
Slide 11: Company Overview
Company Overview ww
Slide 12: Driving Innovation In Coated Metal Products
Manaksia Coated Metals & Industries: Driving Innovation In Coated Metal Products Manaksia Coated Metals & Industries Limited (MCMIL, The Company) stands at the forefront of coated metal products manufacturing and export. Specializing in Pre-painted Galvanised Steel and Plain Galvanised Steel in both
Slide 13: Exploring MCMIL: Key Facts & Figures
Exploring MCMIL: Key Facts & Figures 15 + 2 240 20 + 22 Manufacturing Active States Presence Overseas Year of Experience Across India Plants Customers Presence 1,32,000 MT 86,000 MT 300 + 100 + Per Annum Per Annum Permanent Of Galvanised Steel Of Pre-painted Contractual Employees Coils Steel Coils W
Slide 14: Key Milestones
Key Milestones Group expands into a well diversified conglomerate, running operations in Manaksia Group India, Nigeria and is established Ghana. Also sets Launch of which eventually up new facility in Manaksia Ltd Formation of “Colour Setup of new evolves into a Haldia , West declares IPO Manaksia S
Slide 15: Operational Footprint: Manufacturing, Branches & Warehouses
Operational Footprint: Manufacturing, Branches & Warehouses Jammu Manufacturing Plants o Kutch, Gujrat o Bhopal, Madhya Pradesh Branch Offices New Delhi o New Delhi o Ahmedabad Guwahati o Hyderabad o Kolkata Kutch Bhopal Stock Yards and Services centre Kolkata o Bhopal Ahmedabad o Cochin o Hyderabad
Slide 16: Strategically Located State Of The Art Manufacturing Facility
Strategically Located State Of The Art Manufacturing Facility Number of Plants 2 Installed Capacity Galvanised 1,32,000 MT per annum Pre-painted 86,000 MT per annum Strategically situated, the company's manufacturing facility in Kutch, Gujarat, is in close proximity to Kandla and Mundra Ports, enhan
Slide 17: Geographical Diversity: MCMIL's International Footprint
Geographical Diversity: MCMIL's International Footprint o Portugal o Netherlands o Spain o Tanzania o Italy o Sierra Leone o Greece o Ghana o Cyprus o Ivory Coast o Poland o Gambia o Romania o Gabon o Bulgaria o Germany o Hungary o Ecuador o UAE (United Arab o Colombia Emirates) o Brazil o Qatar MCM
Slide 18: BIS Certification: Benchmarking Product Excellence
BIS Certification: Benchmarking Product Excellence Investor Presentation 17
Slide 19: Proven Quality: MCMIL's Strong Certifications
Proven Quality: MCMIL's Strong Certifications ISO 9001:2015 ISO 14001:2015 ISO 45001:2018 Three Star Export House Investor Presentation 18
Slide 20: MCMIL's Three Star Export House Recognition
Scaling New Heights: MCMIL’s Three Star Export House Recognition Elevated to Three Star Export House by the Ministry of Commerce & Industry. Exploring new growth opportunities in international markets. Strategic Implications Upgradedfrom one star to Diversifying Enhanced global 3 star export house p
Slide 21: Stronger Standing: A New Benchmark in Creditworthiness
Stronger Standing: A New Benchmark in Creditworthiness Acuite Rating & Research Limited has upgraded Manaksia Coated Metals & Industries Limited's ratings Long-Term Rating: Short-Term Rating: From ACUITE BBB+ to A- From ACUITE A2 to A2+ Significance: o Global Credibility: Elevates reputation and att
Slide 22: Maximizing Financial Flexibility with Key Banking Relationships
Maximizing Financial Flexibility with Key Banking Relationships Strategic Advantages of Banking Partnerships for MCMIL Secured funding for Improved cash flow Diversified banking Enhanced negotiation expanding capacity and management through credit relationships reducing leverage for favorable loan a
Slide 23: Business Overview
Business Overview al
Slide 24: Production Process
Production Process Other Input Raw ZINC PAINT Material Equipment Cold Rolling Mill Continuous Continuous Colour Galvanising Line (CGL) Coating Line (CCL) HOT ROLLED COLD ROLLED GALVANISED PRE-PAINTED Production STEEL (HRC) STEEL (CRC) STEEL (GI) STEEL (PPGI) Process Final Product Galvanises Steel Co
Slide 25: Overview Of Products Portfolio
Overview Of Products Portfolio Galvanised Steel Sheets & Coils Pre-painted Steel Sheets & Coils Investor Presentation 24
Slide 26: Galvanised Steel Sheets & Coils
Galvanised Steel Sheets & Coils o Galvanised Steel boasts exceptional quality, featuring precise zinc coating control and advanced surface treatments for enhanced corrosion resistance. o With state-of-the-art technology ensuring uniformity and adherence to international standards, it offers superior
Slide 27: Pre-painted Steel Sheets & Coils
Pre-painted Steel Sheets & Coils 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 du
Slide 28: Diverse Applications Of Coated Steel Products
Diverse Applications Of Coated Steel Products Domestic Industrial Metal Dry Wall Metal Ceiling Roofing & Building HVAC Systems Refrigeration Partition Systems Cladding Construction Systems Pharma Clean Metal Doors & White Goods & Modern Elevator Bus Body Metal Safes Rooms Windows Appliances Systems
Slide 29: Total Sales Quantitative Performance
Total Sales Quantitative Performance Total Volume Pre-Painted Steel Coils Galvanised steel coils In MTPA 18.54% CAGR 89,966 74,377 74,164 64,028 61,479 58,031 50,458 34,535 29,493 28,487 23,919 16,133 FY22 FY23 FY24 9M FY25 The company successfully shifted its focus towards achieving a higher volume
Slide 30: Export Vs. Domestic Sales - Quantitative Breakdown
Export Vs. Domestic Sales - Quantitative Breakdown FY22 In % In % In % 9M FY25 In % FY23 FY24 18.46 31.16 34.39 48.00 52.00 68.84 65.61 81.54 Domestic Revenue Export Revenue In MTPA Particulars FY22 FY23 FY24 9M FY25 Domestic Sales Quantity 33,295 60,648 61,929 48,657 Export Sales Quantity 30,733 13
Slide 31: Management Overview
Management Overview ww
Slide 32: Board Of Directors & KMPs
Board Of Directors & KMPs Mr. Sushil Kumar Agrawal Mr. Karan Agrawal Mr. Mahendra Bang Mr. Tushar Agrawal (Managing Director) (Whole Time Director) (Chief Financial Officer) (Senior Vice President) • Mr. Tushar Agrawal, with a BSC in • Mr. Sushil Kumar Agrawal, a • Mr. Karan Agrawal has done • Mr. M
Slide 33: Board Of Directors & KMPs
Board Of Directors & KMPs Mr. Sakesh Soni Mr. Anil Patil Mr.Arup Bhaduri Mr.Bhaskar Kantekar (Chief Operating Officer) (Quality Chief) Assistant General Manager Senior.General Manager - Sales • Mr. Sakesh Soni, with over 2 (Sales and Marketing)- Export & Marketing - Domestic • Mr. Anil Patil, with o
Slide 34: Industry Overview
Industry Overview
Slide 35: Driving Forces Behind India's Steel Sector Growth
Driving Forces Behind India's Steel Sector Growth Government The Union Budget 2024-25 proposed a significant hike in the budget allocation for the specialty steel PLI scheme to Rs 270 crore, up from Rs 2.36 crore last year, in line with the introduction of PLI 2.0 to ensure Initiatives raw material
Slide 36: Financial Overview
Financial Overview a
Slide 37: 9M FY25 Standalone Performance Highlights
9M FY25 Standalone Performance Highlights Total Income EBITDA Net Profit 56.91 745.80 11.73 45.80 10.55 656.83 579.73 38.09 5.03 FY23 FY24 9M FY25 FY23 FY24 9M FY25 FY23 FY24 9M FY25 All Figures In ₹ Cr Investor Presentation 36
Slide 38: Consolidated Key Financial Highlights
Consolidated Key Financial Highlights Total Income EBITDA Net Profit EBITDA Margin Net Profit Margin 746.18 56.87 7.99 7.91 656.30 657.34 7.62 579.81 45.88 43.39 6.61 38.12 5.80 449.07 35.89 11.55 1.61 1.79 10.60 10.35 1.40 1.55 9.20 1.30 5.55 FY21 FY22 FY23 FY24 9M FY25 FY21 FY22 FY23 FY24 9M FY25
Slide 39: Product-Wise Revenue Breakdown
Product-Wise Revenue Breakdown Total Revenue Prepainted Steel Coils Galvanizing Steel Coils Others In Cr 739.65 647.74 651.84 573.74 510.62 438.60 451.72 307.22 322.50 202.07 180.42 101.14 18.02 32.82 26.96 20.88 FY22 FY23 FY24 9M FY25 The company's value-added pre-painted steel coils have emerged a
Slide 40: Export Vs. Domestic – Revenue Breakdown
Export Vs. Domestic – Revenue Breakdown In % In % In % In % FY22 FY23 FY24 9M FY25 21.55 32.64 38.65 49.82 50.18 61.35 67.36 78.45 Domestic Revenue Export Revenue In ₹ Cr Particulars FY22 FY23 FY24 9M FY25 Domestic Revenue 327.16 512.97 498.25 352.00 Export Revenue 320.58 138.87 241.43 221.74 Total
Slide 41: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY22 FY23 FY24 9M FY25 Revenues 647.74 651.84 739.65 573.74 Other Income 8.56 5.50 6.53 6.07 Total Income 656.30 657.34 746.18 579.81 Raw Material Expenses 483.54 516.33 590.34 449.39 Employee costs 16.67 17.41 16.11 11.88 Other expenses 112.7
Slide 42: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equities & Liabilities FY22 FY23 FY24 H1 FY25 Assets FY22 FY23 FY24 H1 FY25 Equity 6.55 6.55 7.43 7.43 Non Current Assets Reserves 102.20 112.70 144.94 149.94 Fixed Assets 170.52 170.79 168.31 166.20 Net Worth 108.75 119.25 152.37 157.37 Non Current Liabilities Oth
Slide 43: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement In ₹ Cr Particulars FY21 FY22 FY23 FY24 Cashflow from Operations 19.57 -12.61 8.13 21.57 Cashflow from Investments -5.83 8.77 -8.00 -6.19 Cashflow from Financing -11.86 5.66 -5.62 -15.60 Net Cash flow 1.88 1.81 -5.48 -0.22 Opening Cash & Cash Equivalent 0.88 2.39 4.6
Slide 44: Consolidated Key Ratios
Consolidated Key Ratios ROE In % Debt To Equity In Times Book Value In ₹ 1.56 20.52 7.93 7.85 1.53 18.20 7.37 1.38 16.60 1.17 15.24 5.86 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 ROCE In % Interest Coverage In Times EPS In ₹ 1.49 1.67 13.8 1.46 1.43 11.80 1.32 10.69 9.15 1.39 0.89
Slide 45: Stock Data
Stock Data As on 12-02-2025 As on 31-12-2024 NSE: MANAKCOAT BSE: 539046 | ISIN: INE830Q01018 Shareholding Pattern Share Price ₹ 94.75 Market Capitalization ₹ Cr 703.70 30.81% Promoter & Promoter Group No. of Share Outstanding 7,42,69,050 Face Value ₹ 1.00 Public 69.19% 52 Week High ₹ 120.90 52 Week
Slide 46: The Way Forward
The Way Forward
Slide 47: Production Capacity
Production Capacity Current Capacity Phase 1 and 2 Phase 3 FY06 FY22 FY26 40,000 MTPA 86,000 MTPA 2,36,000 MTPA Pre-Painted Line Capacity increased Capacity increased Steel • New Electrical Upgrade by – 170% • New Incinerator (New CCL to be installed of capacity 150,000MT) (Phase 2) FY18 FY23 FY26 F
Slide 48: Galvanising Infrastructure: Transforming GI to GL (Phase 1)
Galvanising Infrastructure: Transforming GI to GL (Phase 1- Q1 FY26) Transition from manufacturing Galvanised steel to Alu-Zinc Coated Steel Phase 1 Expansion: Upgrading to Superior Technology and Line Speed Increase. Capacity Expansion: From 1,32,000 MT/Annum To 180,000 MT/Annum Features & Benefits
Slide 49: Alu-Zinc Coating Advantages and Financial Outlook
Alu - Zinc Coating Advantages: • Demand for the Aluminum Zinc Coating is growing at a significantly higher rate compared to galvanised steel. • It has greater market acceptability than galvanised steel. • There are fewer competitors in the market offering this product. • The product commands a premi
Slide 50: Investment - Captive Solar Power Plant (Phase 1 - FY26)
Investment - Captive Solar Power Plant (Phase 1 - FY26) 6 MW Solar Power Plant Planned : Reduce Carbon Footprint And Power Costs Captive via Renewable Solar Sustainability Initiative: Transition to Renewable Energy Aiming to meet Reduction in Lowering carbon Accelerated Driven towards the markets to
Slide 51: Investment - Other Infrastructure (Phase 1 - FY26)
Investment - Other Infrastructure (Phase 1 - FY26) New Coil Slitting Line: Precision Slitting facility for GI and PPGI coils New Coil Slitting Line: Capacity 30,000 MT Value Addition Target Market Provides enhanced product customization and Designed to meet the specific needs of OEMs in the white im
Slide 52: New Color Coating Line – CCL 2 (Phase 2 - FY26)
New Color Coating Line – CCL 2 (Phase 2 - FY26) Thickness Range : Expected line Capacity: 0.3mm - 1.2mm 150,000 MT Width: Paint Systems: 610- 1450mm RMP, SMP, SDP & PVDF Max Line Speed: 90MPM The Color Coating Line is targeted to produce material suitable for White Good Appliances. 1. In talks with
Slide 53: CRM Complex (Phase 3 - FY27/FY28)
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 Maximum Speed: Input Thickness: 1450mpm 1.5mm – 4.5mm Output Thickness: Width: 0.15mm – 2.3mm 610-1330mm Other Equipment In CRM Complex:
Slide 54: New Aluminum Zinc Coating Line (Phase 3 - FY27/FY28)
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. • E
Slide 55: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) MCMIL prioritizes societal, ecological, and environmental well-being. CSR is integral for sustainable business, promoting inclusive practices Company CSR activities focuses on: Education Healthcare Environment Community Development Mission: Pursue initiatives fo
Slide 56: Sustainable Practices & Green Initiatives
Building A Better Tomorrow: Sustainable Practices & Green Initiatives The ESG Policy prioritizes environmentally responsible practices, aiming to minimize adverse impacts on employees, communities, and the environment. Zero discharge Waste management Plants 150 trees every infrastructure in with eff
Slide 57: Steel Industry Set To Surge: Diverse Sector Growth Driving Expansion
Steel Industry Set To Surge: Diverse Sector Growth Driving Expansion The steel industry is poised to experience growth driven by diverse Per - Capita Consumption of Steel (In kgs) sector: 160 o FY24 witnessed India's crude steel production at 94.01 MT and finished steel production at 88.81 MT. o Ant
Slide 58: Investment Rationale
Investment Rationale Strong Financial Performance Technological Advancements & Expansions The company posted a 17.69% Q-o-Q revenue growth and an The company is expanding cold-rolling and color-coating capacity to exceptional 109.12% PAT increase, highlighting its strong 300,000 MT by FY27/28. profi
Slide 59: Thank You
Thank You Plot No.15, Navodaya Colony, Road No.14, Banjara Hills, Hyderabad – 500 034India info@mcmil.in Email: info@mcmil.in info@kirinadvisors.com www.kirinadvisors.com
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