Shyam Metalics & Energy Ltd. · NSE:SHYAMMETL
Shyam Metalics & Energy — Q4 FY25 Earnings Presentation
51 slides from Shyam Metalics & Energy's earnings presentation, May 9, 2025
Slide 1: Investors Presentation: Financial Results Q4 and FY 2024-25 (Exchange Letter)
™ ORE TO METAL C('rnficd SMEL/SE/2025-26/10 . . May 09, 2025 i The Secretary, Listing Department The Manager - Listing Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited “Exchange Plaza”, 5th Floor, Plot Dalal Street No. C/1, G Block, Bandra-Kurla Complex, Mumba
Slide 2: Investor Presentation | May 2025
Investor Presentation | May 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
Company Overview
Slide 5: Our track record
Our track record • Our promoters have infused an amount of Rs. 136 Crores into the company through equity contributions. Already successfully completed an Offer for Sale (OFS) of Rs. 1,000 Crores in three tranches. Received over Rs. 1,400 crores through OFS and dividend and they still hold a 74.59%
Slide 6: Tenets followed at Shyam Metalics
Tenets followed at Shyam Metalics We adopt best in-class technologies & infrastructure, We fund capital expenditure (CAPEX) entirely through internal driving efficiency and maintaining cost leadership in our accruals, approaching banks only to meet our working capital operations requirements 11 01 W
Slide 7: 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 8: 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 Vice Chairman & Managing Whole-time Director & Chairman Joint Managing Director Whole-time Director & CFO Whole-time Director Director Head - Strate
Slide 9: Eminent board of directors
Eminent board of directors Malay Kumar De Shashi Kumar Chandra Shekar Verma Nand Gopal Khaitan Kishan Gopal Baldwa Rajini Mishra Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director o Associated with Shyam o Associated with the
Slide 10: Key updates for Q4 FY25
Key updates for Q4 FY25 Capex & Operational Update • Capex incurred till FY25: Rs. 6,584 crores which accounts for 66% of the total CAPEX Envisaged i.e., Rs. 10,025 crores out of which Rs. 4,908 crores have been capitalized • Company resumed its state-of-the-art corporate office located at Taratala,
Slide 11: Our new corporate office at Taratala, Kolkata
Our new corporate office at Taratala, Kolkata We are consolidating our offices into a single location at our Taratala corporate office, built on 3-acres of land surrounded by greenery and designed to maximize natural light, aligning with sustainability and energy efficiency norms. 10
Slide 12: 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 13: 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 14: Diversifying product portfolio with stainless steel through Mittal Corp
Diversifying product portfolio with stainless steel through Mittal Corp Mittal Corp Industries Overview Leading Player in Stainless Paid acquisition cost of 2 Manufacturing units at Manufacturing plant is 0.15 MTPA Installed 20 Tonne Induction Furnace Steel Flats (200 series and Rs. 351 cr. Pithampu
Slide 15: Aluminium foil plant
Aluminium foil plant Aluminium Plant – Pakuria - West Bengal, Giridih - Jharkhand & upcoming plant in Odisha Backward One of the largest Rolling range: 40 integration to aluminium foil Plant installed by Kickstarted and More than 60% of to 5 micron with Majorly increase margins manufacturer in Achen
Slide 16: 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 17: Value propositions
Value propositions 1 Backward Integration & Forward Integration with presence across the Value Chain 2 Diversified Product Mix: Scaling up stainless steel, aluminum foil and EV Battery Foil 3 Strong Brand & Distribution Network 4 Private Railway Sidings Advantage for Seamless Logistics 5 Captive Pow
Slide 18: 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 FY22 FY23 FY24 FY25 Post Expansion Capacity (MTPA) FY25 Expansion Iron Pellet 2.40 3.60 4.80 6.00 6.00 6.00 Beneficiation - 3.0 Sponge Iron 1.39 2.11 2.54 2.
Slide 19: Current Projects Overview
SHYAM _ METALICS Current Projects Overview
Slide 20: 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) 31st March (Rs Cr) (Rs Cr) (Million MTPA) Benefication Plant 3.0 300 96 204 Sponge Iron 1.05 400 244 156 Blast Furnace 0.45 374
Slide 21: 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) 31st March (Rs Cr) (Rs Cr) (Million MTPA) Stainless Steel: Billet Stainless Steel 0.13 130 73 57 Billet Slabs for Flat products 0.5
Slide 22: 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) FY27E Carbon Steel: Intermediate Pellet 6.00 6.00 0.84 1.20 Products a. Sponge Iron
Slide 23: 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) FY27E Stainless Steel: Intermediate Stainless Steel Billets 0.12 0.7
Slide 24: Current capacities across carbon steel life cycle
Current capacities across carbon steel life cycle Finished Steel 2.32 MTPA DRI 3.05 MTPA Wire Rod & Wire Color Coated (Direct Reduced Iron) TMT Draw Mill (WRM) Sheets 0.92 MTPA Iron Making 0.92 MTPA 0.25 MTPA SMS 2.01 MTPA Pig Iron 0.77 MTPA Liquid Steel Structurals Pipe Mill (Steel Melting Shop) 0.
Slide 25: Moving towards a diversified product mix
Moving towards a diversified product mix Revenue Mix 84% 83% 85% 79% 74% 47% 48% 48% 45% 45% 37% 38% 37% Enriching product portfolio to make a basket of fully 31% 29% integrated downstream products 16% 17% 15% 13% 13% 7% 4% 4% 5% FY21 FY22 FY23 FY24 FY25 Intermediates Finished Steel Speciality Alloy
Slide 26: Export opportunities
Export opportunities We are preferred suppliers to large corporations like 25 10% 01 02 03 Countries JM Global Metal Bhutan Resources Exchange Concast Exports to countries like USA, Export Contribution to Revenue Japan, Italy, Nepal, Bangladesh in FY25 04 05 06 Steel products both upstream and downs
Slide 27: Q4 & FY25 Financial Performance
Q4 & FY25 Financial Performance
Slide 28: Performance highlights
Performance highlights Q4 FY25 Rs. 4,139 Cr Rs. 515 Cr Rs. 569 Cr Rs. 220 Cr Revenue Operating EBITDA EBITDA PAT YoY 14.8% YoY 16.6% YoY 15.6% YoY 0.1% FY25 Rs. 15,138 Cr Rs. 1,866 Cr Rs. 2,096 Cr Rs. 909 Cr Revenue Operating EBITDA EBITDA PAT YoY 14.7% YoY 18.8% YoY 21.2% YoY -11.6% 27 Note: We hav
Slide 29: Consolidated profit & loss statement
Consolidated profit & loss statement Particulars (Rs. Crs.) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 4,139.4 3,606.2 14.8% 3,752.5 10.3% 15,137.5 13,195.2 14.7% Cost of Material Consumed 2,902.1 2,495.8 3,044.8 11,336.7 9,593.6 Purchases of stock in trade 0.5 27.0
Slide 30: Consolidated balance sheet statement
Consolidated balance sheet statement Particulars (Rs. Crs.) Mar-25 Mar-24 Particulars (Rs. Crs.) Mar-25 Mar-24 Assets Equity and Liabilities Non-Current Assets Equity share capital 278.2 278.0 Property, plant and equipment 6,196.7 3,826.4 Other equity 10,275.1 9,368.6 Total Equity 10,553.3 9,646.7 R
Slide 31: Q4 FY25 performance highlights
Q4 FY25 performance highlights Rs. 4,139 crores Rs. 515 crores Rs. 569 crores Rs. 220 crores Revenue from Operations Operating EBITDA EBITDA Profit After Tax Revenue Breakup Volumes (in lakh tonnes) Volumes (in lakh tonnes) Y-o-Y +39% +15% Q-o-Q Steel Products 7.5% 11.6% 0.30 1.3% 0.26 Y-o-Y Q-o-Q 4
Slide 32: FY25 performance highlights
FY25 performance highlights Rs. 15,138 crores Rs. 1,866 crores Rs. 2,096 crores Rs. 909 crores Revenue from Operations Operating EBITDA EBITDA Profit After Tax Revenue Breakup Volumes (in lakh tonnes) Volumes (in lakh tonnes) +57% Y-o-Y Steel Products 7.4% 12.7% 1.05 1.3% Y-o-Y 0.21 Aluminium Foil 2
Slide 33: 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 -4.4% -4.1% +0.5% -0.4% +1% -5% +1% 0% +17% 95,554 95,234 91,350 95,435 95,902 44,179 43,684 44,018 46,659 44,500 1,26,086 1,27,652 1,27,683 1,31,586 1,12,861 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25
Slide 34: Strong debt profile
Strong debt profile Gross Debt* (Rs. Cr) Net Debt^ (Rs. Cr) 1,050 960 951 785 768 246 534 577 -477 -562 -1,062 -1,514 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Gross Debt / Equity Net Debt / EBITDA 0.37 1.51 0.21 0.18 0.30 0.13 0.09 0.07 0.06 -0.18 -0.57 Mar
Slide 35: Strong balance sheet - flexibility of growth
Strong balance sheet - flexibility of growth Conservatively Leveraged + Internal Operating Efficiency led to minimal Disciplined Capital Allocation strategy Working capital requirements = Better Return Metrics Working Capital (days) Return ratios (%) 57% 12 22 34% ROCE* 100 97 20% 91 13% 15% 15% 83
Slide 36: 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 37: Consistent EBITDA track record
Consistent EBITDA track record EBITDA* (Rs. Cr) Other income as % of EBITDA 570 539 493 507 481 450 438 447 345 265 260 16% 14% 11% 10% 10% 9% 9% 10% 8% 8% 5% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY23 FY23 FY24 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY23 FY23 FY23 FY24
Slide 38: 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 39: 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 38
Slide 40: Annexure
SHYAM _ METALICS Annexure
Slide 41: 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 42: 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 43: Integrated operations across the steel value chain
Integrated operations across the steel value chain Raw Materials Processing End-Products Electricity Coal Coal Washery Washery Rejects (Captive) Char/Flu Gases TMT Bars Rotary Kilns Power Plant Rolling Mills Wire Rod Washing & Pellets Sponge Steel melting Shop Billets Iron Ore Fines Pelettization Pl
Slide 44: 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 45: 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 46: 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 0.15 0.07 0.22 Billets 0.13 0.12 0.25 Slabs 0.5 0.5 0.5 SS Bright Bars 0.018 0.018 SS W
Slide 47: Our strategy going forward
Our strategy going forward Shift Towards Value Build market leading Geographical Continuously work on Reducing Carbon Added Products position in all 4 areas Expansions in newer improving cost Footprint and focus on portfolio by identifying of the metal space : states with focus on efficiency through
Slide 48: Energy cost through captive power: ~83%
Energy cost through captive power: ~ 83% 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 49: 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 50: 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 51: Thank You
Thank You Shyam Metalics & Energy Limited Investor Relations - MUFG Intime India Pvt Ltd Shyam Metalics & Energy Ltd. CIN No. : L40101WB2002PLC095491 Mr. Pankaj Harlalka Mr. Sumeet Khaitan pankaj.harlalka@shyammetalics.com sumeet.khaitan@in.mpms.mufg.com Trinity Tower, 7th Floor, 83, Topsia Road Kol
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