Electrosteel Castings Ltd. · NSE:ELECTCAST
Electrosteel Castings — Valorem Advisors Annual Conference 2023
33 slides from Electrosteel Castings's conference presentation, Mar 15, 2023
Slide 1: Intimation of schedule of Investor/Analyst meeting and Presentation
15 March, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500128 Symbol: ELECTCAST ISIN: INE086A01029 Dear Sir/Madam, Sub: Disclosure under Regulat
Slide 2: Investor Presentation March 2023
INVESTOR PRESENTATION March 2023
Slide 3: Company Snapshot
COMPANY SNAPSHOT Pioneer and largest manufacturer of Ductile iron pipes in India Technologically advanced Presence across the globe manufacturing units Strong focus on quality control Fully backward integrated manufacturing facility Blast Furnace, Sinter plant, coke oven Dominant position in the exp
Slide 4: Company Overview
Company Overview
Slide 5: Executive Summary
EXECUTIVE SUMMARY Overview Clients • Electrosteel Castings Ltd. (“ECL”) was incorporated in 1955 and is a pioneer in the • The company caters to various government bodies manufacturing of Ductile Iron Pipes (DI Pipes) in India. as well as large marquee public companies in India. • The company is hea
Slide 6: Board of Directors
BOARD OF DIRECTORS Mr. Pradip Kumar Khaitan Independent Director, Chairman • He is a B.Com, LLB and Attorney-at-Law (Gold Medalist) • Has experience in the fields of commercial and corporate law, tax law, arbitration, foreign collaborations, M&A, restructuring and de-mergers. Mr. Umang Kejriwal Mana
Slide 7: Key Management Personnel
KEY MANAGEMNET PERSONNEL Mrs. Radha Kejriwal Agarwal Whole Time Director • She is a graduate in Psychology from Cardiff university, UK & post graduate in Human resources management & organizational analysis from King’s college, London. • She had been appointed as officer on Special Duty- Strategy &
Slide 8: Key Milestones
KEY MILESTONES 2000-Obtained Kitemark license from 2011-Commissioning of Project to BSI for DI Fittings. primarily use treated sewerage water 2002-Acquired 46% stake in Lanco Ind. from Tirupati Municipal Corporation for Ltd. industrial purpose at Srikalahasthi Works. 2012- Commissioned Sinter plant
Slide 9: Global Footprint
GLOBAL FOOTPRINT Electrosteel Castings UK Ltd Electrosteel Europe Electrosteel Electrosteel Trading SA (100%) Electrosteel USA SA Spain Doha Trading LLC (49%) Electrosteel Algerie Electrosteel West Bengal: Khardah, SPA Gulf Haldia Andhra Pradesh: Srikalahasthi Tamil Nadu: Elavur Electrosteel Brazil
Slide 10: Manufacturing Facilities
MANUFACTURING FACILITIES ELECTROSTEEL CASTINGS LTD. West Bengal Andhra Pradesh Tamil Nadu Khardah Srikalahasthi Elavur DI Pipe – 280,000 MTPA DI Pipe – 400,000 MTPA CI Pipe – 90,000 MTPA Liquid Metal – 288,000 MTPA Liquid Metal– 525,000 MTPA Sinter – 360,000 MTPA Power Plant – 3.75 MW Sinter – 500,0
Slide 11: Manufacturing Facilities - Khardah
MANUFACTURING FACILITIES - KHARDAH Khardah, Kolkata • DI Pipe – 280,000 MTPA • Sinter – 360,000 MTPA • Power Plant – 3.75 MW • DI Fittings – 10,200 MTPA • Liquid Metal- 288,000 MTPA One of the world's best qualities of Ductile Iron Pipe is produced in an integrated manufacturing facility at Khardah,
Slide 12: Manufacturing Facilities - Haldia
MANUFACTURING FACILITIES - HALDIA Haldia, West Bengal • Coke – 324,000 MTPA • DI Fittings – 10,800 MTPA • Power Plants – 17 MW • Silico Manganese – 9 MVA*1 (16,260 MTPA) In 2005, Electrosteel has successfully developed an Industrial estate in Haldia as a major supplement to its process integration o
Slide 13: Manufacturing Facilities - Srikalahasthi (Andhra Pradesh)
MANUFACTURING FACILITIES - SRIKALAHASTHI (ANDHRA PRADESH) Andhra Pradesh • DI Pipe – 400,000 MTPA • Coke – 280,000 MTPA • Cement – 200,000 MTPA • Power Plants – 22 MW • Sinter – 500,000 MTPA • Ferro Silicon – 9 MVA*2 (16,000 MTPA) • Liquid Metal – 525,000 MTPA • DI Pipe: Core Product of the company.
Slide 14: Manufacturing Facilities - Elavur
MANUFACTURING FACILITIES - ELAVUR Elavur, Chennai; CI Pipes – 90,000 MTPA • In 1982, Electrosteel acquired Shakti pipes, a cast iron pipe unit at Elavur, Gummudipoondi Taluk, near Chennai to augment its Cast Iron spun pipe production capacity. • The unit was subsequently modernised to increase capac
Slide 15: Fully Integrated Manufacturing Process
FULLY INTEGRATED MANUFACTURING PROCESS Iron Ore fines Raw Materials Coal Sinter plant Coke Oven Limestone Sinter BF Grade Coke Blast Furnace Pig Iron Power Plant Legend Coke Fines Limestone Fines MBF Slag Molten Metal BF Gas Raw Materials Intermediates Mini Cement Plant Brick Plant Ferro Alloys Plan
Slide 16: Business Overview
Business Overview
Slide 17: Ductile Iron Pipes
DUCTILE IRON PIPES • Electrosteel Castings Ltd. is the pioneer in setting up the first Ductile Iron Pipe plant in the Indian Sub-continent. • It is one of the most preferred pipes for water supply & sewage applications across due to its host of advantages. • The concept of piped irrigation is catchi
Slide 18: Ductile Iron Fittings
DUCTILE IRON FITTINGS • Electrosteel Castings Ltd. is one of the premier manufacturers of Ductile Iron fittings in India. • It is used in connection with DI pipes of both Flanged & Socket ended. • Two manufacturing plants- Khardah & Haldia, both are equipped with latest machineries. • Electrosteel C
Slide 19: Cast Iron Pipes
CAST IRON PIPES • Electrosteel Casting Ltd. has Cast Iron Spun Pipe manufacturing unit at Elavur, Tamil Nadu. • CI pipes are used in certain new water supply works, sewage pumping mains & in replacement of old pipes. • Elavur unit is the largest producer of CI pipes in India. • It is ISO 9001 & ISO
Slide 20: Coke
COKE • The Metallurgical Coke division at our Haldia plant was commissioned in 2005-06 and at Srikalahasthi plant in 2005. • Presently 5,24,000 MT per annum is being produced. • Majority of the coke produced is consumed captively in the blast furnace at Khardah & Srikalahasthi Plant. • Surplus is al
Slide 21: Silico Manganese / Ferro Alloy
SILICO MANGANESE/ FERRO ALLOY • Silico Manganese Ferro is an alloy of Manganese & Iron. • Electrosteel commissioned a Ferro alloy manufacturing unit in mid-2019 with 16000 TPA capacity of Silicon manganese at Haldia Unit. • Ferro Silicon manufacturing unit was also commissioned with 16,000 TPA capac
Slide 22: Power Plant
POWER PLANT Electrosteel’s Haldia plant initially A 22MW Power Plant unit at Srikalahasthi that commissioned a 12MW power plant in 2006. generates power from waste heat gases. Subsequently another 5 MW power This project was recognized by the UNFCC generation unit was also added in February (United
Slide 23: Cement
CEMENT • The Company manufactures “SPL GOLD CEMENT". • The production was started in the year 1995. • The company produces Portland slag cement confirming to BIS 455 of 2015. • It is Packed in both H.D.P.E (plastic) and PAPER bags, it is Eco friendly and ideal for all purpose. • The company has a ma
Slide 24: Exports – Sustained Growth
EXPORTS – SUSTAINED GROWTH Exports (As on FY22) • ECL has positioned itself as one of the largest players in the global DI Asia Africa Pipe market and continues to maintain its dominant position in the USA 9% 1% export market. 2% • Continuously expanding its presence & reach to new countries as Midd
Slide 25: Industry Overview
Industry Overview
Slide 26: Overview: DI Pipes Market
OVERVIEW: DI PIPES MARKET • The DI Pipes market is expected to grow at a CAGR of 6% by 2031. Industry Capacity (MT) • A phenomenal outlay of INR 3.60 lakh Crore has been earmarked for Jal Jevan (March 2022) Mission till 2024. 58.23% rural households have been connected with Tap connections as on dat
Slide 27: Financial Overview
Financial Overview
Slide 28: Historical Standalone Income Statement
HISTORICAL STANDALONE INCOME STATEMENT Particulars (INR Mn) FY21# FY22 9M-FY23 Total Income* 31,380 50,952 52,270 Total Expenses 26,888 43,787 46,411 EBITDA 4,492 7,165 5,859 EBITDA Margins (%) 14.31% 14.06% 11.21% Depreciation 787 1,126 860 Finance Cost 1,989 1,853 1,999 PBT 1,716 4,186 3,000 Tax 4
Slide 29: Historical Standalone Balance Sheet
HISTORICAL STANDALONE BALANCE SHEET Equity and Liabilities (INR Mn) FY21 FY22 H1 -FY23 Assets (INR Mn) FY21 FY22 H1-FY23 (A) Share Capital 433 594 595 Non-Current Assets (B) Other Equity 35,774 39,280 40,482 (A) Property, Plant & Equipment 25,122 26,454 26,402 (C) Equity Share Suspense 162 - - (B) C
Slide 30: Historical Standalone Financial Performance
HISTORICAL STANDALONE FINANCIAL PERFORMANCE EBITDA (INR Mn) & Margins (%) Total Income* (INR Mn) 50,952 52,270 7,165 5,859 31,380 # 4,492 # 11.21% 14.06% 14.31% FY21 FY22 9M-FY23 FY21 FY22 9M-FY23 EBITDA (INR Mn) EBITDA Margins (%) PAT (INR Mn) & Margins (%) Net D/E (x) 3,500 3,256 0.57 3,000 0.48 2
Slide 31: Capital Market Data
CAPITAL MARKET DATA 1 Year Share Performance (Up to 31st December 2022) 40% ECL-Close Price Sensex - 30% 20% 10% 0% -10% -20% -30% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Shareholding Pattern (As on 31st December, 2022) Price Data (As on 31st December, 202
Slide 32: Disclaimer
DISCLAIMER Electrosteel Castings Ltd. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all eve
Slide 33: Thank you
Thank you
Electrosteel Castings — Valorem Advisors Annual Conference 2023 on 6ix