Steelcast Ltd. · NSE:STEELCAS
Steelcast — Investor Presentation (February 2024)
48 slides from Steelcast's investor presentation, February 2024
Slide 1: Intimation of Analyst / Institutional Investor meetings
AC/2079 14.02.2024 The Secretary, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block, Dalal Street, Bandra-Kurla Complex, MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 513517 Scrip Symbol: STEELCAS Dear Sir/Ma
Slide 2: Steelcast Limited Investor Presentation | February 2024
STEELCAST LIMITED Investor Presentation | February 2024
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Steelcast Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induceme
Slide 4: Company Overview
Castechnik . ie Company Overview /->,-
Slide 5: Steelcast in 1960 and Now
STEELCAST in 1960 and Now Investor Presentation | February 2024 4
Slide 6: Over 7 decades of legacy
Over 7 decades of legacy … Premier Position Diverse Industrial Sectors Company enjoys a Premier Position in Catering to diverse Industrial sectors like the steel Casting Industry in India Earth Moving, Mining & Mineral Processing, Locomotives, Rail Road, construction, One of the few Cement and Steel
Slide 7: Steelcast at a Glance
Steelcast at a Glance Manufacturing Capacity Varied Products Manufacturing Process Machining Excellence Experience Weights 30,000 TPA Sand & Shell 70% Castings 63 Years 5 Kgs-2,500 Kgs Molding shipped as fully machined Advanced Manufacturing Facility Competes with Global Sectors Catering Captive Pow
Slide 8: We're growing steadily
We’re growing steadily… Commissioning of Installing and commissioning Accreditation by Accreditation of State of Art in- house of State of Art Automated Transport & Power Laboratory by National CNC Machine Shop & No-Bake Flaskless Moulding Generation Programme Accreditation Board for Started busines
Slide 9: Locational Advantage
Locational Advantage Situated in Bhavnagar, Gujarat, which Company’s own 66KV power transmission is a power surplus state station with 10 MW power available 24*7 01 02 Scrap - the major raw material is available with Well connected with major cities of high degree of purity and at competitive price
Slide 10: Preferred choice of Customers – Steelcast
Preferred choice of Customers – Steelcast Quality Products Manufacturing facilities •Delivered at competitive approved by Quality Assurance Adequate Capacity price & right time organisations & clients Reliable Alternate Responsible and Transparent dealing source Competent Team Investor Presentation
Slide 11: Strong presence amongst peers
Strong presence amongst peers Recognized player in steel Experienced Management State of the art manufacturing Significant product castings business Team & Board of Directors and R & D facilities development capacity i. Leadership position in i. Strong Management and i. Three state of the art i. Dev
Slide 12: Diversified Business Model catering to Varied OEMs
Diversified Business Model catering to Varied OEMs in Different Industries… Existing Segments Earth Moving Industry Mining Mineral Processing Industry Electro Locomotive Steel Plants Cement Construction Investor Presentation | February 2024 11
Slide 13: Expanding our footprint to new segments
Expanding our footprint to new segments Foray into New Segments Railways Ground Engaging Tools (GETs) Defence Investor Presentation | February 2024 12
Slide 14: Presence across the Globe
Presence across the Globe Denmark Germany “Two-Star Export House Poland South Korea Slovakia Status holder” USA Japan China India Headquartered Thailand Expected to increase the Mexico presence in Singapore 15+ countries in the next 1 to 2 years Brazil Australia Export Presence Disclaimer: Map not t
Slide 15: Key Strengths
Key Strengths Well Experienced Team Unique Business Model Experienced Board backed by a Diversified Business Model, strong management team catering to varied sectors Green Energy Technology and R&D 5 MW Solar Power Plant & Strong R&D and Technological Capabilities. These also 4.5 MW Hybrid Power Pla
Slide 16: Certifications & Recognitions
Certifications & Recognitions An ISO: 9001-2015 An ISO:45001-2018 An ISO:14001-2015 An EN:9100:2018 D An NABL (National Certified by Transportation & Company certified by TUV Company certified by TUV Company certified by TUV company certified by TUV Accreditation Board for testing Power Generation E
Slide 17: Experienced Board of Directors
Experienced Board of Directors Mr. Hemant D Dholakia Mrs. Vidhi S Merchant Mr. Apurva R Shah Mr. Chetan M. Tamboli Mr. Rushil C Tamboli Independent Non-Executive Independent Managing Director & CEO Whole Time Director Non- Executive Director Non-Independent Director Non- Executive Director o Aged 63
Slide 18: Experienced Board of Directors
Experienced Board of Directors Mrs. Aarushi M Ganatra Mr. Harsh R Gandhi Mr. Rajiv D Gandhi Mr. Kumar Tipirneni Mr. Ashutosh H Shukla Mr. Subhash R Sharma Independent Independent Independent Permanent Invitee Executive Director Executive Director & CFO Non-Executive Director Non-Executive Director N
Slide 19: Our Niche Product Portfolio (1/7)
Our Niche Product Portfolio (1/7) OEMs Earth Moving: Front Support Axle Housing Bracket Cap Assy. Wt. 780 Kg Wt. 1669 Kg Wt. 450 Kg Wt. 82 Kg Rear Spindle Steering Arm Spindle Pivot Eye Wt. 2228 Kg Wt. 456 Kg Wt. 1795 Kg Wt. 363 Kg Investor Presentation | February 2024 18
Slide 20: Our Niche Product Portfolio (2/7)
Our Niche Product Portfolio (2/7) OEMs Mining: Track Shoe Adjusting Block Track Shoe Guide Rail Wt. 750 Kg Wt. 257 Kg Wt. 1300 Kg Wt. 412 Kg Crowd Sheave Boom Foot Idler Sprocket Wt. 1830 Kg Wt. 1630 Kg Wt. 1422 Kg Wt. 1566 Kg Investor Presentation | February 2024 19
Slide 21: Our Niche Product Portfolio (3/7)
Our Niche Product Portfolio (3/7) OEMs Construction: Pivot Eye Pivot Boss Tipping Lever FD Cover Wt. 12 Kg Wt. 23 Kg Wt. 12 Kg Wt. 125 Kg Boom Nose Boom Foot Boom Center Boom Trunnion Wt. 84 Kg Wt. 34 Kg Wt. 32 Kg Wt. 17 Kg Investor Presentation | February 2024 20
Slide 22: Our Niche Product Portfolio (4/7)
Our Niche Product Portfolio (4/7) OEMs Railways & Locomotives: Front Draft Lug Striker Casting Transition Casting Cast Container Wt. 18 Kg Wt. 50 Kg Wt. 22 Kg Wt. 100 Kg Cylinder Head Coupler Body Side Frame Bolster Wt. 41 Kg Wt. 168 Kg Wt. 477 Kg Wt. 716 Kg Investor Presentation | February 2024 21
Slide 23: Our Niche Product Portfolio (5/7)
Our Niche Product Portfolio (5/7) OEMs Defence: Track Shoe (T72) Mortar Bomb Track Shoe (MBT) Aerial Bomb Wt. 15 Kg Wt. 5 Kg Wt. 21 Kg Wt. 230 Kg HR Rocket Body Transfer Gear Box Head Casting Aerial Bomb Wt. 48 Kg Wt. 11 Kg Wt. 6 Kg Wt. 420 Kg Investor Presentation | February 2024 22
Slide 24: Our Niche Product Portfolio (6/7)
Our Niche Product Portfolio (6/7) OEMs GET: Lower Shroud Adapter End Bits Wt. 65 Kg Wt. 236 Kg Wt. 150 Kg Wear Cap C Clamp Wt. 32 Kg Wt. 27 Kg Investor Presentation | February 2024 23
Slide 25: Our Niche Product Portfolio (7/7)
Our Niche Product Portfolio (7/7) OEMs Cement: Inclined Blast Grate Grate Plate Grate Plate RFT Grate Plate Wt. 30 Kg Wt. 25 Kg Wt. 27 Kg Wt. 19 Kg OEMs Steel: OEMs Transportation: Grate Bar Grate Bar Spring Seat Spring Seat Wt. 4 Kg Wt. 3 Kg Wt. 7 Kg Wt. 10 Kg Investor Presentation | February 2024
Slide 26: Financial & Operating Highlights Q3FY24 & 9M FY24
Financial & Operating Highlights Q3FY24 & 9M FY24
Slide 27: Q3 & 9MFY24 Performance Highlights
Q3 & 9MFY24 Performance Highlights Highlights The revenue dropped both on Y-o-Y and Q-o-Q basis indicating impact of anticipated slow-down on account of global turmoil. We are hopeful of improvement in global situation from Q3FY25 onwards. Despite de-growth in revenue, EBITDA and PAT margins have sh
Slide 28: Q3 FY24 Consolidated Key Highlights
Q3 FY24 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) -24.6% -10.8% -9.6% -4.9% -6.4% 119.7 30.7 19.3 -11.1% 28.7 18.6 27.3 27.3 17.4 17.4 101.6 90.3 90.3 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q-o-Q Y-o-Y Q-o-Q Y-o
Slide 29: 9M FY24 Consolidated Key Highlights
9M FY24 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) 6.4% 10.4% -12.7% 356.5 88.4 56.3 83.0 51.0 311.4 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 Y-o-Y Y-o-Y Y-o-Y Investor Presentation | February 2024 28
Slide 30: Geographical Revenue growth (Y-o-Y)
Geographical Revenue growth (Y-o-Y) Exports (Rs. in Crs) Domestic (Rs. in Crs) -30.6% -13.2% -23.7% 78.0 41.7 +17.9% 70.9 36.2 36.2 30.7 54.1 54.1 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q-o-Q Y-o-Y Q-o-Q Y-o-Y Investor Presentation | February 2024 29
Slide 31: Revenue Breakup (Q3FY24)
Revenue Breakup (Q3FY24) Segment-wise Revenue (%) Geography-wise Revenue (%) 40.0% Total Revenue Rs 90.3 Cr 60.0% 100.0% OEM Sales Domestic Exports Investor Presentation | February 2024 30
Slide 32: Quarterly Profit & Loss Statement
Quarterly Profit & Loss Statement Particulars (Rs.Crs ) Q3 FY24 Q3 FY23 Y-o-Y Q2 FY24 Q-o-Q 9M FY24 9M FY23 Y-o-Y Revenue from Operations 90.3 119.7 -24.6% 101.6 -11.1% 311.4 356.5 -12.7% Cost of Materials consumed 18.9 33.9 20.7 67.7 92.0 Changes in Inventories of finished goods & work in progress
Slide 33: Q3 FY24 Result analysis
Q3 FY24 Result analysis 30% % of Revenue 28.3 Q3FY24 Q2FY24 Q3FY23 25.9 25% 24.5 21.5 21.0 20.4 20% 19.3 18.3 16.1 15% 14.0 12.6 12.7 11.9 11.7 11.4 10.6 10.0 10% 9.0 9.1 8.5 7.9 5% 3.9 3.6 4.0 0.5 0.0 0.1 0% Materials Employee Cost Finance Cost Mfg Expense Power & Fuel Stores & Spares Other Exp PBT
Slide 34: Balance Sheet Ratios
Balance Sheet Ratios Long term Debt (Rs. Crs.) Short term Debt (Rs. Crs) Debt to Equity (x) Repaid Short 63.0 term debt and The company has been 13 the Company is 0.40 long term debt-free for totally debt free the past three years 9 0.25 23.6 0.18 14.0 17.0 0.10 0.00 Sep-23 Mar-23 Mar-22 Mar-21 Mar-
Slide 35: Domestic Vs. Export Sales (Quantity in Tons)
Domestic Vs. Export Sales (Quantity in Tons) Financial Year Region 22-23 (Actual) 23-24 24-25 25-26 26-27 27-28 Tons Tons Tons Tons Tons Tons Domestic 7,902 50 6,500 50 8,281 54 8,980 48 11,225 48 13,190 47 Export 7,838 50 6,500 50 7,054 46 9,729 52 12,161 52 14,874 53 Total 15,740 100 13,000 100 15
Slide 36: Industry wise Revenue (%)
Industry wise Revenue (%) Financial Year Industry 12-13 22-23 23-24 24-25 25-26 26-27 27-28 Mining 84.0 25.1 21.0 21.2 19.7 21.2 19.1 Earth Moving 0.0 51.7 47.0 47.2 44.2 43.2 39.2 Locomotive 0.5 4.0 3.0 2.7 2.5 2.5 2.1 Transport 0.0 0.4 0.4 0.5 0.4 0.3 0.3 Construction 8.4 13.4 20.0 20.6 17.6 16.5
Slide 37: Installed & Utilized Capacity
Installed & Utilized Capacity Installed Capacity (Tons Per Annum) Facility 22-23 23-24 24-25 25-26 26-27 27-28 Semi-Automated No Bake Line (P1) + Automated No Bake Loop 21,850 21,850 21,850 21,850 21,850 21,850 Line (P5) Shell Molding Plant (P2) 7,150 7,150 7,150 7,150 7,150 7,150 Total 29,000 29,00
Slide 38: Yearwise CAPEX Plan FY 23-24 TO 27-28
Yearwise CAPEX Plan FY 23-24 TO 27-28 (Rs. In Cr) * Financial Year CAPEX for the Year → 2023-24 2024-25 2025-26 2026-27 2027-28 Plant ↓ 1 4.48 1.75 2.56 3.33 - 2 0.71 1.63 0.41 - - 5 0.94 0.11 0.09 0.09 - 7 7.83 3.32 0.19 0.02 - 9 3.09 3.19 6.76 6.56 - Total 17.05 10.00 10.00 10.00 15.00 * Mainly De
Slide 39: Hybrid and Solar Power Plants
Hybrid and Solar Power Plants Summary of Hybrid offers Total Saving in Cr Estimated Generation Landed Cost Rs/KWH Sr No Offer Hybrid Capacity MW Current cost of power Saving rate Rs/Year after fixed in Cr Units/Yr at Consumer Bus charges deduction Group Captive after 1 4.5 2.286 4.22 8.51 4.29 9.81
Slide 40: CARE Rating (October 23)
CARE Rating (October 23) Facility Amount (in Cr.) Rating* LT / ST Fund Based Bank Facility 109.65 (EPC/PSC) CARE A-; Stable/ CARE A2+ LT / ST Non-Fund Based Bank Facility 31.25 (BG/LC) Total 140.90 LT - AAA is the highest (AAA, AA, A, BBB, BB, B, C, D) ST - A1 is the highest (A1, A2, A3, A4) ("+" (p
Slide 41: Treasury Policy
Treasury Policy Treasury Policy encompasses deployment of surplus money in various investment products like money market instruments, fixed deposits in Government Securities and Banks. The Policy sets out the basic principles of a prudent system to control the risks in investment. The Company has a
Slide 42: Free Reserves in Fixed Income Securities
Free Reserves in Fixed Income Securities Annual Rate of Sr. No Name of Bank /Securities Amount Invested (Rs. in Cr.) Investment Date Interest/Estimated Returns Maturity Date (%) 1 ICICI 0.50 30-Dec-22 7.00 30-Mar-24 2 RBL 0.50 11-Sep-23 7.80 11-Dec-24 3 RBL 0.90 20-Oct-23 7.80 20-Jan-25 4 RBL 1.00 2
Slide 43: Outlook & Rationalization Measures
Outlook & Rationalization Measures
Slide 44: Building Excellence: Key Pillars of Steelcast's Enduring Success
Building Excellence: Key Pillars of Steelcast's Enduring Success Seasoned and Reliable quality supplier China + 1 scenario experienced with long association with helping steelcast to be a management team and marquee customers preferred supplier skilled work force Six decades robust Balanced portfoli
Slide 45: Strategy to Explore Potential Growth Opportunities
Strategy to Explore Potential Growth Opportunities Strengthening business Entry in New Adding new Enhancing component Provides ready to relationship with the Geographies sectors basket through new use/machined parts existing customers product development Short Lerm Long Term • Recovery from current
Slide 46: Rationalization Measures
Rationalization Measures 01 02 03 04 05 Company has set up Hybrid power plant Both these plants meet Reduction in As a result of our 5 MW Solar Power is commissioned in around 80% of the total throughput time for continuous efforts to Plant in Gujarat July, 2023. Annual power requirement at processi
Slide 47: Five-Year CAGR Snapshot: Unveiling Business Growth Trends
Five-Year CAGR Snapshot: Unveiling Business Growth Trends Revenue from Operations (Rs. in Cr.) EBITDA (Rs. in Cr.) +10.7% 477 114 +18.1% 318 302 59 64 201 158 37 31 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 EBIT (Rs. in Cr.) PAT (Rs. in Cr.) 97 71 +21.5% +29.7% 44 46 33 25 22 19 12 8 2019 20
Slide 48: Thank You
Company: CIN: L27310GJ1972PLC002033 Name: Mr. Subhash Sharma, ED & CFO Email ID: ss@steelcast.net THANK YOU Investor Relations Advisors: Mr. Ronak Jain Mr. Rajesh Agrawal +91 9820950544 +91 9967491495 ronak.jain@linkintime.co.in rajesh.agrawal@linkintime.co.in