Shyam Metalics & Energy Ltd. · NSE:SHYAMMETL
Shyam Metalics & Energy — Q1 FY26 Earnings Presentation
47 slides from Shyam Metalics & Energy's earnings presentation, Jul 23, 2025
Slide 1: Investor Presentation cover letter to exchanges
™ ORE TO METAL FER2025-FER 2028 INDIA SMEL/SE/2025-26/38 July 23, 2025 The Secretary, The Manager - Listing Department Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, “Exchange Plaza”, 5th Floor, Plot No. C/1, G-Block, Dalal Street, Mumbai 400 001
Slide 2: Investor Presentation | July 2025
Investor Presentation | July 2025
Slide 3: Safe harbor
Safe harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shyam Metalics And Energy Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Company Overview
SIVYAM METALICS ORE TO METAL
Slide 5: Shyam Metalics at a glance
Shyam Metalics at a glance 6th Largest Integrated Steel 4th Largest Sponge Iron Player, Producer & amongst the largest Leading player in terms of Pellet Ferro Alloys producer in India Capacity Achieving End-To-End Solutions Integrated Metal Producing Company Operates “Ore to Metal” integrated steel
Slide 6: Our track record
Our track record • SMEL has gone from being outside of India’s 35th largest steel producer to 6th largest steel producer within two decades. • SMEL has always been profit-making – we have never had a loss-making year despite operating in a cyclical industry. • Operating in a commoditized industry, b
Slide 7: Tenets followed at Shyam Metalics
Tenets followed at Shyam Metalics We adopt best in-class technologies & infrastructure, We consider ourselves custodians of the trust and capital driving efficiency and maintaining cost leadership in our entrusted to us by our investors operations 11 01 We are committed to sustainability and We fund
Slide 8: Our expected growth trajectory
Our expected growth trajectory Revenue EBITDA ~2x ~2.5x 15,137 1,866 FY25 FY30E FY25 FY30E Taking into consideration the least performance in five-year cycles over the past 20 years, our Revenues have grown at CAGR of 16% and EBITDA at CAGR of 19% respectively. We can grow Revenue, EBITDA at ~2x, ~2
Slide 9: Eminent promoters & board of directors
Eminent promoters & board of directors Brij Bhushan Agarwal Sheetij Agarwal Mahabir Prasad Agarwal Sanjay Kumar Agarwal Deepak Agarwal Dev Kumar Tiwari Chairman & Managing Whole-time Director & Chairman Emeritus1 Joint Managing Director Director (Finance) & CFO Whole-time Director Director (CMD)2 He
Slide 10: Eminent independent board of directors from diversified field
Eminent independent board of directors from diversified field Chandra Shekar Verma Nand Gopal Khaitan Shashi Kumar Kishan Gopal Baldwa Rajini Mishra o He is a Fellow Member of o He is registered as an o Associated with the o Associated with the o Associated with Shyam the Institute of Company advoca
Slide 11: Key updates for Q1 FY26
Key updates for Q1 FY26 Capex & Operational Update Financial Performance Updates • Capex incurred till Q1 FY26: Rs.7,003 crores which accounts for 70% of the total CAPEX • Launched diverse range of roofing sheets under Envisaged i.e., Rs. 10,025 crores out of which • Q1 FY26: Revenue: Rs. 4,418.8 cr
Slide 12: Our new registered and corporate office at Taratala, Kolkata
Our new registered and corporate office at Taratala, Kolkata • We are consolidating our offices into a single location at our newly inaugurated corporate office at Taratala, built on 3-acres of land surrounded by greenery and designed to maximize natural light, aligning with sustainability and energ
Slide 13: Driving integration of multi-product metals portfolio
Driving integration of multi-product metals portfolio Prospective License for Iron Ore Mine: Multiple Sale Points across Maharashtra Backward the Value Chain Integration Railway siding Greater Control on Operating Margins 377 MW CPP Flexibility to alter Product Renewables – Captive Solar Mix Energy
Slide 14: Business update: greenfield expansion - cold rolling mill
Business update: greenfield expansion - cold rolling mill Greenfield project for a cold rolling mill spread over 55 acres of land at Jamuria, West Bengal Project approved under the PLI Products will include GI/GL coils and scheme PPGL (Pre-Painted Galvalume Coils) Merger completed with Shyam Sel And
Slide 15: Diversifying product portfolio with stainless steel at Pithampur
Diversifying product portfolio with stainless steel at Pithampur, Madhya Pradesh Mittal Corp Industries Overview Leading Player in Stainless Post Acquisition Capex of 2 Manufacturing units at Rolling Mill is developed by 0.2 MTPA Installed Capacity Wide product range across Steel Long Products in In
Slide 16: Aluminium foil plant
Aluminium foil plant Aluminium Plant – Pakuria - West Bengal, Giridih – Jharkhand & upcoming plant in Odisha One of the largest aluminium foil manufacturer in India, plant spread over 5 acres Plant installed by Achenbach (Germany), an industry pioneer Kickstarted and stabilised plant operations in r
Slide 17: Enhancing capacities in carbon steel through Ramsarup Industries
Enhancing capacities in carbon steel through Ramsarup Industries Engaged in manufacturing wires, TMT Bars and steel, acquired for Rs 380 cr out of which we paid Rs 228 cr for 60% stake Shyam Super Metalics & 60% Ramsarup 40% Smelters Ltd Energy Ltd Industries First Capex Infusion in Ramsarup Industr
Slide 18: Foray into wagon manufacturing
Foray into wagon manufacturing Strategic entry into rolling The plant to incorporate Developed under step - Wagons types to be Project supports GoI’s stock segment – wagon world class “Uni-Flow” down subsidiary, manufactured - Flat, “Make in India” initiative manufacturing with manufacturing layout
Slide 19: Expansion with strong focus on value added products
Expansion with strong focus on value added products Integration has enabled greater control on the operating margins Post Capacity (MTPA) FY21 FY21 FY22 FY23 FY24 FY25 Q1 FY26 Post Expansion Capacity (MTPA) FY25 Q1 FY26 Expansion Iron Pellet 2.40 3.60 4.80 6.00 6.00 6.00 6.00 Beneficiation - - 3.0 S
Slide 20: Value propositions
Value propositions Backward Diversified Strong Brand Private Railway Captive Power Capacity Addition De-Leveraged Sustainable solution Consistent Integration & Product Mix: & Distribution Sidings Advantage for ~78% power to increase share Balance Sheet - Waste used as Performance Forward Scaling up
Slide 21: Current Projects Overview
SIVYAM METALICS ORE TO METAL
Slide 22: Projects pending installation and status of cost incurred of carbon steel
Projects pending installation and status of cost incurred of carbon steel Capacities to be Budgeted Capex Capex incurred till Pending Capex Particulars Commissioned (Rs Cr) 30th June (Rs Cr) (Rs Cr) (Million MTPA) Benefication Plant 3 300 108 192 Sponge Iron 1.05 400 270 130 Blast Furnace 0.45 374 3
Slide 23: Projects pending installation and status of cost incurred for others
Projects pending installation and status of cost incurred for others Capacities to be Budgeted Capex Capex incurred till Pending Capex Particulars Commissioned (Rs Cr) 30th June (Rs Cr) (Rs Cr) (Million MTPA) Stainless Steel: Billet Stainless Steel 0.13 130 92 38 Billet Slabs for Flat products 0.50
Slide 24: Synopsis of CAPEX & growth - carbon steel
Synopsis of CAPEX & growth - carbon steel Capacity Present Sales Expected Sales Existing Capacity Particulars Products Post- Expansion Increase by in Volume in Volume Growth (in MMTPA) (in MMTPA) (MMTPA) FY25 (MMTPA) FY28E Carbon Steel: Intermediate Pellet 6.00 6.00 0.84 1.20 Products a. Sponge Iron
Slide 25: Synopsis of CAPEX & growth - stainless steel & aluminium
Synopsis of CAPEX & growth - stainless steel & aluminium Capacity Present Sales Expected Sales Existing Capacity Particulars Products Post- Expansion Increase by in Volume in Volume Growth (in MMTPA) (in MMTPA) (MMTPA) FY25 (MMTPA) FY28E Stainless Steel: Intermediate Stainless Steel Billets 0.12 0.7
Slide 26: Moving towards a diversified product mix
Moving towards a diversified product mix Revenue Mix Sales Volumes (in lakh tonnes) 83% 85% 79% 74% 76% 48% 48% 22.7 45% 45% 20.6 21.2 43% 20.2 38% 37% 31% 33% 15.1 29% 13.3 11.2 17% 7.6 7.3 15% 13% 13% 11% 7% 6% 5% 4.0 4% 4% 5% 1.6 1.8 1.8 0.5 2.0 0.8 0.2 0.2 0.2 0.6 0.1 FY22 FY23 FY24 FY25 Q1 FY26
Slide 27: Export opportunities
Export opportunities Steel products both upstream and downstream including 20 12% 32% Angles, Beams, Billets, Channels, Wire Rods, MS Round Coils and Sponge Iron Countries Exports to countries like USA, Export Contribution to Revenue 44% 24% Japan, Italy, Nepal, Bangladesh in Q1 FY26 Ferro Chrome Fe
Slide 28: Q1 FY26 Financial Performance
Q1 FY26 Financial Performance
Slide 29: Q1 FY26 Performance highlights
Performance highlights Q1 FY26 Rs. 4,419 Cr Rs. 580 Cr Rs. 633 Cr Rs. 291 Cr Revenue Operating EBITDA EBITDA PAT YoY 22.4% YoY 18.8% YoY 17.6% YoY 5.3% 28
Slide 30: Consolidated profit & loss statement
Consolidated profit & loss statement Particulars (Rs. Cr) Q1 FY26 Q1 FY25 Y-o-Y Q4 FY25 Q-o-Q FY25 Revenue from Operations 4,418.8 3,611.6 22.4% 4,139.4 6.8% 15,137.5 Cost of Material Consumed 3,290.3 2,778.1 2,902.1 11,336.7 Purchases of stock in trade 3.5 26.1 0.5 5.9 Change in Inventories of Fini
Slide 31: Q1 FY26 performance highlights
Q1 FY26 performance highlights Rs. 4,419 crores Rs. 580 crores Rs. 633 crores Rs. 291 crores Revenue from Operations Operating EBITDA EBITDA Profit After Tax Revenue Breakup Volumes (in lakh tonnes) Volumes (in lakh tonnes) Y-o-Y Q-o-Q Steel Products +8% -15% 6.2% 11.2% 0.30 4.5% 2.1% 0.23 0.06 0.25
Slide 32: Per tonne realizations
Per tonne realizations Speciality Alloys Carbon Steel* Stainless Steel Y-o-Y Q-o-Q Y-o-Y Q-o-Q Y-o-Y Q-o-Q -10% -4% +0.5% -5% +2% -5% +3% +8% +17% 97,252 91,350 95,435 95,902 47,348 44,856 46,659 44,500 1,34,266 1,27,683 1,38,516 1,31,586 87,715 44,018 1,12,861 Q1 FY25 Q4 FY25 Q1 FY26 FY24 FY25 Q1 F
Slide 33: Disciplined capital allocation
Disciplined capital allocation CashFlow from Operations (Rs. Cr) CAPEX (Rs. Cr) 1,964 2,130 1,689 1,794 1,518 1,543 1,578 1,277 1,056 251 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Cash & Cash Equivalents (Rs. Cr) CAPEX as % of Cashflow from Operations 108% 2,092 102% 1,830 88% 1,541 76% 1,26
Slide 34: Consistent EBITDA track record
Consistent EBITDA track record EBITDA* (Rs. Cr) Other income as % of EBITDA 633 570 539 493 507 481 450 438 447 345 265 260 16% 14% 11% 10% 10% 9% 9% 10% 8% 8% 8% 5% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY23 FY23 FY23 FY24 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY26 FY
Slide 35: Enhancing shareholder's value
Enhancing shareholder’s value Dividend Payout (%) 14% 12% 11% 11% 5% FY21 FY22 FY23 FY24 FY25 Particulars (in Rs Cr) FY21 FY22 FY23 FY24 FY25 Net Profit 844 1,724 843 1,029 909 Dividend 43 184 114 122 125 The Company has paid post IPO dividend amounting to Rs. 588 cr being 10.9% of the aggregate PAT
Slide 36: Long term rating at CRISIL AA / outlook: positive
Long term rating at CRISIL AA/ outlook: positive Current Rating CRISIL AA Outlook Positive Latest Review Nov-24 CRISIL AA CRISIL AA CRISIL AA CRISIL AA (Stable) (Stable) (Stable) (Positive) CRISIL AA- CRISIL AA- (Stable) (Positive) FY20 FY21 FY22 FY23 FY24 Nov-24 35
Slide 37: Annexure
SIVYAM METALICS ORE TO METAL
Slide 38: Strategically located - supported by infrastructure (carbon steel)
Strategically located - supported by infrastructure (carbon steel) Raw Material Sources are within 250 kms Jamuria Plant Sambalpur Plant Close Proximity Strong Logistics Lower Logistics Dhamra to Raw Material + Infrastructure = Cost Paradeep Vishakhapatnam Proximity to ports enables Company to expor
Slide 39: Brownfield expansion with… (carbon steel)
Brownfield expansion with… (carbon steel) Railway Siding Captive Power Plants Captive Water Reservoir Jamuria Plant Sambalpur Plant • We have 1 manufacturing plant located in Sambalpur, Odisha and 1 manufacturing plant in Jamuria, West Bengal with aggregate installed capacity of 15.13 MTPA comprisin
Slide 40: Detailed plant wise capacities - existing: carbon steel
Detailed plant wise capacities - existing: carbon steel Product –Wise Sambalpur Jamuria Mangalpur Kharagpur TOTAL Capacity (MTPA) Odisha West Bengal West Bengal West Bengal (MTPA) Iron Pellets 3 3 6 Speciality Alloys 0.11 0.07 0.04 0.22 DRI 1.32 1.52 0.06 0.15 3.05 (Direct Reduced Iron) Billets 0.87
Slide 41: Detailed plant wise capacities - post expansion: carbon steel
Detailed plant wise capacities - post expansion: carbon steel Product –Wise Capacity Sambalpur Jamuria Mangalpur Kharagpur TOTAL (MTPA) Odisha West Bengal West Bengal West Bengal (MTPA) Iron Pellets 3 3 6 Speciality Alloys 0.11 0.07 0.06 0.24 DRI (Direct Reduced Iron) 1.95 1.95 0.06 0.15 4.1 Pig Iro
Slide 42: Detailed plant wise capacities - existing & post expansion: stainless steel
Detailed plant wise capacities - existing & post expansion: stainless steel Product –Wise Sambalpur Pitampura TOTAL Capacity (MTPA) Odisha Madhya Pradesh (MTPA) Stainless CR 0.2 0.2 Stainless HR 0.5 0.5 Stainless 0.20 0.22 Billets 0.13 0.12 0.25 Slabs 0.5 0.5 0.5 SS Bright Bars 0.018 0.018 SS Wire R
Slide 43: Our strategy going forward
Our strategy going forward Shift Towards Value Added Build market leading position Geographical Expansions in Continuously work on improving Reducing Carbon Footprint and Products portfolio by identifying in all 4 areas of the metal newer states with focus on cost efficiency through focus on sustain
Slide 44: Energy cost through captive power: ~78%
Energy cost through captive power: ~ 78% o Power consumed by the plants are primarily produced in-house by the Sambhalpur Jamuria Mangalpur Kharagpur captive power plants o Captive power plants utilise non fossil fuels such as waste, rejects, heat and 6 Turbines 4 Turbines 1 Turbine 1 Turbine gas ge
Slide 45: Strengthening brand 'SEL Tiger'
Strengthening brand ‘SEL Tiger’ TMT TMT are used for the construction of buildings, transmission towers, industrial sheds, structures, road, dam and in other various infrastructures SMEL sells the best quality TMT primarily in the states of West Bengal, Odisha, Bihar, Jharkhand, Tripura, Sikkim, Ass
Slide 46: CSR initiatives
CSR initiatives SUSTAINABILITY RURAL HEALTH • Water Conservation- Check dam, • Yearly Eye & Medical Camp for Villagers, FREE Pond , landscaping, Plantation, Medicine & Spectacles • Promotion of solar Light • Free Ambulance & Drinking water Services for villagers • Solar irrigation Pumps • New Health
Slide 47: THANK YOU
Shyam Metalics & Energy Limited Mr. Pankaj Harlalka pankaj.harlalka@shyammetalics.com Investor Relations – MUFG Intime India Pvt Ltd Shyam Metalics & Energy Ltd. CIN No. : L40101WB2002PLC095491 Mr. Sumeet Khaitan sumeet.khaitan@in.mpms.mufg.com Trinity Tower, 7th Floor, 83, Topsia Road Kolkata – 700
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