Manaksia Coated Metals & Industries Ltd · NSE:MANAKCOAT
Manaksia Coated Metals & Industries — Q4 FY24 Earnings Presentation
47 slides from Manaksia Coated Metals & Industries's earnings presentation, May 10, 2024
Slide 1: Stock exchange cover letter for earnings presentation
Sec/Coat/013/FY 2024-25 Dated : 12.05.2024 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: Q4 FY24 Investor Presentation
Manaksia Coated Metals & Industries Limited Q4 FY24 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: Company Overview
Company Overview —
Slide 5: 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 6: 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 Galvanized Steel Of Pre-painted Contractual Employees Coils Steel Coils W
Slide 7: Key Milestones
Key Milestones Group expands into a well Manaksia diversified Group is conglomerate, established running Formation of which operations in Manaksia eventually India, Nigeria and Coated & evolves into a Ghana. Also sets Metal Acquisition Setup of Setup of new leader in up new facility in Manaksia Ltd
Slide 8: 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 9: 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 10: 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 11: BIS Certification: Benchmarking Product Excellence
BIS Certification: Benchmarking Product Excellence Investor Presentation 12
Slide 12: Proven Quality: MCMIL's Strong Certifications
Proven Quality: MCMIL's Strong Certifications ISO 9001:2015 ISO 14001:2015 ISO 45001:2018 One Star Export House Investor Presentation 13
Slide 13: Business Overview
Business Overview a
Slide 14: Overview Of Products Portfolio
Overview Of Products Portfolio Pre-painted Metal Sheets & Coils Galvanised Steel Sheets & Coils Investor Presentation 15
Slide 15: Pre-painted Metal Sheets & Coils
Pre-painted Metal Sheets & Coils o Pre-painted Metal 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 16: 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 17: 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 18: Total Sales Quantitative Performance
Total Sales Quantitative Performance Total Volume Pre-Painted Steel Coils Galvanised steel coils In MTPA 89,966 74,377 65,098 64,028 61,479 50,458 35,832 34,535 29,266 29,493 28,487 23,919 FY21 FY22 FY23 FY24 The company successfully shifted its focus towards achieving a higher volume of Pre-painted
Slide 19: Export Vs. Domestic – Quantitative Revenue Breakdown
Export Vs. Domestic – Quantitative Revenue Breakdown In % In % In % In % FY21 FY22 FY23 FY24 48.00 18.46 29.57 31.16 70.43 68.84 52.00 81.54 Domestic Revenue Export Revenue In MTPA Particulars FY21 FY22 FY23 FY24 Domestic Sales Quantity 45,850 33,295 60,648 61,929 Export Sales Quantity 19,249 30,733
Slide 20: Management Overview
Management Overview -
Slide 21: Board Of Directors & KMPs
Board Of Directors & KMPs Mr. Sushil Kumar Agrawal Mr. Karan Agrawal Mr. Mahendra Bang Mr. R K Lodhi (Managing Director) (Whole Time Director) (Chief Financial Officer) (Chief Executive Officer) • Mr. Sushil Kumar Agrawal, a • Mr. Karan Agrawal has done • Mr. Mahendra Bang, a Commerce • Mr. R K Lodh
Slide 22: Board Of Directors & KMPs
Board Of Directors & KMPs Mr. Sakesh Soni Mr. Rajat Kumar Kulshrestha Mr. Anil Patil Mr. Tushar Agrawal (Chief Operating Officer) (Vice president Sales & (Quality Chief) (Vice President) • Mr. Sakesh Soni, with over 2 Marketing) • Mr. Anil Patil, with over 30 years of • Mr. Tushar Agrawal, with a BS
Slide 23: Industry Overview
Industry Overview
Slide 24: 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 25: 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 26: Financial Overview
Financial Overview _
Slide 27: Q4 FY24 Standalone Performance Highlights
Q4 FY24 Standalone Performance Highlights Total Income EBITDA Reported Net Profit 187.75 5.34 184.39 17.25 10.07 3.09 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 All Figures In ₹ Cr & Margin In % Investor Presentation 28
Slide 28: FY24 Standalone Performance Highlights
FY24 Standalone Performance Highlights Total Income EBITDA Reported Net Profit 56.91 745.80 11.73 656.83 38.09 5.03 FY23 FY24 FY23 FY24 FY23 FY24 All Figures In ₹ Cr & Margin In % Investor Presentation 29
Slide 29: Q4 FY24 & FY24 Standalone Result Highlights
Q4 FY24 & FY24 Standalone Result Highlights In ₹ Cr Particulars Q4 FY23 Q4 FY24 Y-O-Y FY23 FY24 Y-O-Y Revenues 186.84 182.55 651.61 739.62 Other Income 0.92 1.84 5.23 6.18 Total Income 187.75 184.39 -1.79% 656.83 745.80 13.54% Raw Material costs 151.16 141.17 515.92 590.29 Employee costs 4.19 4.12 1
Slide 30: Consolidated Key Financial Highlights
Consolidated Key Financial Highlights Total Income EBITDA Net Profit EBITDA Margin Net Profit Margin 56.87 746.18 7.99 7.62 656.30 657.34 43.39 6.61 38.12 5.8 35.89 449.07 10.6 11.55 1.61 1.55 9.2 1.3 1.4 5.86 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 In FY23, the financial stateme
Slide 31: Product-Wise Revenue Breakdown
Product-Wise Revenue Breakdown Total Revenue Prepainted Steel Coils Galvanizing Steel Coils Others In ₹ Cr 739.62 647.74 651.84 510.62 446.44 438.60 307.22 322.50 244.59 202.07 171.23 180.42 30.62 18.02 32.82 26.93 FY21 FY22 FY23 FY24 The company's value-added pre-painted steel coils have emerged as
Slide 32: Export Vs. Domestic – Revenue Breakdown
Export Vs. Domestic – Revenue Breakdown In % In % In % In % FY21 FY22 FY23 FY24 21.55 30.49 32.64 49.82 50.18 69.51 67.36 78.45 Domestic Revenue Export Revenue In ₹ Cr Particulars FY21 FY22 FY23 FY24 Domestic Revenue 311.67 327.16 512.97 498.25 Export Revenue 134.77 320.58 138.87 241.40 Total 446.44
Slide 33: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY21 FY22 FY23 FY24 Revenues 446.44 647.74 651.84 739.65 Other Income 2.63 8.56 5.50 6.53 Total Income 449.07 656.30 657.34 746.18 Raw Material Expenses 340.66 483.54 516.33 590.34 Employee costs 13.56 16.67 17.41 16.11 Other expenses 58.96 11
Slide 34: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equities & Liabilities FY21 FY22 FY23 FY24 Assets FY21 FY22 FY23 FY24 Equity 6.55 6.55 6.55 7.43 Non Current Assets Reserves 93.31 102.20 112.70 144.94 Fixed Assets 186.84 170.52 170.79 168.31 Net Worth 99.86 108.75 119.25 152.37 Non Current Liabilities Other Non C
Slide 35: 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 36: 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 37: Stock Data
Stock Data As on 10-05-2024 As on 31-03-2024 NSE: MANAKCOAT BSE: 539046 | ISIN: INE830Q01018 Shareholding Pattern Share Price ₹ 52.40 Market Capitalization ₹ Cr 386.20 30.81% Promoter & Promoter Group No. of Share Outstanding 7,42,69,050 Face Value ₹ 1.00 Public 69.19% 52 Week High ₹ 55.20 52 Week L
Slide 38: The Way Forward
The Way Forward
Slide 39: Production Capacity
Production Capacity Colour Coated Steel Galvanized Steel Cold Rolled Steel FY26 FY25 FY26 190,000 MTPA 180,000 MTPA 300,000 MTPA Capacity increased by – 121% Capacity increased by – 36% (CRM COMPLEX) (New CCL to be installed of capacity Conversion to Galvalume and (CRM HITACHI) increase in capacity
Slide 40: Galvanizing Infrastructure: Transforming GI to GL (Phase 1- Q2 FY25)
Galvanizing Infrastructure: Transforming GI to GL (Phase 1- Q2 FY25) Transition from manufacturing Galvanized steel to Aluminium-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 & Be
Slide 41: Aluminum Zinc Coating: Boosted Demand, Reduced Costs, Competitive Edge
Aluminum Zinc Coating: Boosted Demand, Reduced Costs, Competitive Edge Aluminum Zinc Coating Advantages: • Demand for the Aluminum Zinc Coating is growing at a significantly higher rate compared to galvanized steel. • It has greater market acceptability than galvanized steel. • There are fewer compe
Slide 42: Investment - Other Infrastructure (Phase 1 - FY25)
Investment - Other Infrastructure (Phase 1 - FY25) New Coil Slitting Line: Precision Slitting facility for GI and PPGI coils New Coil Slitting Line: Capacity 30,000MT Value Addition Target Market Provides enhanced product Designed to meet the specific needs of customization and improves quality for
Slide 43: CRM Complex (Phase 2- FY26)
CRM Complex (Phase 2- FY26) 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: • HR S
Slide 44: 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 120,000 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 45: 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 46: Building A Better Tomorrow: 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 47: Thank You
Thank You Plot No.15, Navodaya Colony, Road No.14, Banjara Hills, Hyderabad – 500 034India Email: info@mcmil.in Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604 E-mail: info@kirinadvisors.com Phone: 022 4100 2455 Website: www.kirinadvisors.com
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