Mishra Dhatu Nigam Ltd. · NSE:MIDHANI
Mishra Dhatu Nigam — Investor Presentation (June 2023)
25 slides from Mishra Dhatu Nigam's investor presentation, Jun 19, 2023
Slide 1: Intimation of Analyst/Investor Meet cover letter
MDN/CS/COMPLIANCE/2023 June 19, 2023 To, BSE Limited, National Stock Exchange of India Limited, P.J. Towers, Dalal Street Exchange Plaza, C-1, Block- G, Mumbai- 400001 Bandra Kurla Complex, Bandra (East), Mumbai - 400051 Scrip Code: 541195 Trading Symbol: MIDHANI Sub: Intimation of Conference Call f
Slide 2: Mishra Dhatu Nigam Limited Corporate Presentation June 2023
MISHRA DHATU NIGAM LIMITED (A Government of India Enterprise, Ministry of Defence) Corporate Presentation June 2023
Slide 3: Disclaimer
DISCLAIMER This presentation is issued by Mishra Dhatu Nigam Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or
Slide 4: Table of Contents
TABLE OF CONTENTS Industry Overview Milestones Business Snapshot Technological Developments Future growth – Strategy & Contributors Financial Overview 3
Slide 5: Mishra Dhatu Nigam Limited - Overview
MISHRA DHATU NIGAM LIMITED - OVERVIEW • Mishra Dhatu Nigam Limited (MIDHANI) was incorporated in in the year 1973 at Hyderabad as a Government of India Rich History Enterprise under the Ministry of Defence. • MIDHANI achieved the status of a Mini- Ratna – Category – I Company by the Government of In
Slide 6: Mishra Dhatu Nigam Limited - Overview
MISHRA DHATU NIGAM LIMITED - OVERVIEW • Company has state of art manufacturing facility based in Hyderabad, Telangana. • Competence of developing and manufacturing customized alloys tailor-made to suit the specific requirements of Robust Customers for their critical applications. Manufacturing • New
Slide 7: Highly Qualified and Experienced Management
HIGHLY QUALIFIED AND EXPERIENCED MANAGEMENT Dr. Sanjay Kumar Jha Chairman & Managing Director • Metallurgical Engineering graduate from NIT, Jamshedpur and PhD from Homi Bhabha National Institute with 35+ years of experience. Shri Gowri Sankara Rao Naramsetti Director (Finance) • Chartered Accountan
Slide 8: Milestones
MILESTONES • Signatory to UN Global Compact Initiative • Entered into the field of fabrication • Implementation of the e-Procurement portal for of special armour panels publishing and processing tenders online • Development of gun barrel • Incorporation • Equity Listing on BSE & NSE. forgings. • Inc
Slide 9: Business Snapshot
BUSINESS SNAPSHOT LEADING MANUFACTURERS OF SPECIAL STEELS, SUPERALLOYS AND ONLY MANUFACTURER OF TITANIUM ALLOYS IN INDIA Miniratna Category-I company National Centre for Excellence’ in advanced metallurgical production Operates one of the few metallurgical plants of its kind in the world NICHE
Slide 10: Product Portfolio
PRODUCT PORTFOLIO PRODUCT CATEGORIES HIGH VALUE SPECIALITY SUPERALLOY TITANIUM STEEL ALLOY STEEL STAINLESS STEEL ULTRA HIGH FERRITIC STRENGTH STEEL NICKEL BASED COMMERCIALLY PURE TITANIUM ARMOUR GRADE MARTENSITIC PLATES IRON BASED TITANIUM ALLOYS OTHER PRODUCTS AUSTENITIC COBALT BASE PRECIPITATION H
Slide 11: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Advanced and unique facilities Capability to manufacture wide range of advanced products with focus on product indigenisation Strong long term customer relationships Research and development based technology development Highly Qualified and Experienced Management and Manage
Slide 12: Business Development: Exports
BUSINESS DEVELOPMENT: EXPORTS The exports sales achieved during FY 2022-23 is Rs 37.50 Cr. MIDHANI’s exports over the years have been focusing on Titanium alloys and Superalloys to Stockists and dealers. The consistent efforts over the last three years yielded result to Special Steel, Superalloy a
Slide 13: Contribution Towards Atmanirbhar Bharat
CONTRIBUTION TOWARDS ATMANIRBHAR BHARAT Space launch material – Missiles material – Agni, Aakash Material for power plant PSLV, GSLV, LVM3-M3 Tank material – T-72/T-90 Armouring : Bullet Proof Jacket, Vehicle Armouring 12
Slide 14: Contribution in Space Sector
CONTRIBUTION IN SPACE SECTOR Supplied Ultra High Strength Steel, Superco605,Titanium Alloy & Special steel Heavy Lift Rocket GSLV Rings, Plates, Bars, Strips & Investment MkIII nicknamed as Castings 'Bahubali' 13
Slide 15: Recent Product / Technology Developments
RECENT PRODUCT / TECHNOLOGY DEVELOPMENTS 1. C276 Plates/sheet to BHEL • Alloy C 276 is solid solution strengthened nickel- molybdenum-chromium alloy with a small addition of tungsten. • It is one of the premier corrosion resistance materials for process industries • MIDHANI has successfully develope
Slide 16: Recent Product / Technology Developments
RECENT PRODUCT / TECHNOLOGY DEVELOPMENTS 3. Manufacturing of Titan31 ELI large size forgings for NIOT • MIDHANI has successfully developed and supplied material for manned submersible vehicle with a depth capability of 6000 m by NIOT • Manufacturing of the main deep sea titanium pressure hull compon
Slide 17: Recent Product / Technology Developments
RECENT PRODUCT / TECHNOLOGY DEVELOPMENTS 5. Manufacturing of Titan31 ELI large size forged slab for Gaganyaan • For the first time, MIDHANI has successfully manufactured large size 170 thick X 1540 width X 2050 Length mm ( ~ 2.5 T) titanium slab forging in 3 directions 6. Material for construction o
Slide 18: Future Growth Strategy
FUTURE GROWTH STRATEGY 1. Short-Term (till year 2026) • Focus on retaining current strategic clients in Aerospace and Defence (A&D) sector, in face of emerging competition. • Maximizing installed capacities, widening, and diversifying into other sectors • Based on core capabilities strengthen domest
Slide 19: Future Growth Contributors
FUTURE GROWTH CONTRIBUTORS Project Benefit Metal • Titanium alloy, Superalloy powder in the country for 3D printing Powder Plant and using additive manufacturing Technology. Isothermal • 6000T isothermal facility is a new add-on feature/functionality to Forging the existing system of a 6000T open-di
Slide 20: Future Growth Contributors
FUTURE GROWTH CONTRIBUTORS Project Benefit 300 Kg VAR Skull • MIDHANI has already established facility for providing critical Meting Furnace Titanium based casting for naval application 10 Ton Vacuum • In view of demand from naval, space, missile, exports, a Arc Remelting dedicated titanium melting
Slide 21: Armour Manufacturing Facility - Rohtak
ARMOUR MANUFACTURING FACILITY -ROHTAK 1. About the Facility • MIDHANI has set up a State of art armour manufacturing facility for personal, group and vehicle protection at IMT Rohtak • Major Products o Personal protection o Group protection o Vehicle protection Bullet Proof Patka Bullet Proof Helico
Slide 22: Market Performance: MIDHANI Shares
Market Performance: MIDHANI Shares In Rs. at BSE MIDHANI IPO opened for 283 subscription in the 179 177 price band of Rs. 165 87/- to Rs. 90/- and 141 was offered to the Public at Rs. 87/- per Share. MIDHANI Shares were listed at the exchanges on 4th April 2018 at Rs. 87/- and closed at Rs. 90/-
Slide 23: Financial Overview (1/2)
FINANCIAL OVERVIEW (1/2) Revenue from Operations EBITDA[1] PAT ₹ Mn ₹ Mn 3,500 32.8% 32.6% 1,800 40.0% 35.0% ₹ Mn 34.2% 33.8% 3,000 31.0% Note: Company’s reporting currency is INR. Figures in brackets represents its 1,600 equivalent currency in USD by considering the conversion rate @ 1 USD = 82.21
Slide 24: Financial Overview (2/2) Quarterly Numbers
FINANCIAL OVERVIEW (2/2) Revenue from Operations EBITDA PAT ₹ Mn ₹ Mn ₹ Mn QUARTERLY NUMBERS 1,376 810 1,123 661 3,233 3,446 ($ 39.33) ($ 41.92 ) ($ 16.74) ($ 13.66) ($ 9.85) ($ 8.04) Q4 FY 22 Q4 FY 23 Q4 FY 22 Q4 FY 23 Q4 FY 22 Q4 FY 23 Note: Company’s reporting currency is INR. Figures in brackets
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