Manaksia Coated Metals & Industries Ltd · NSE:MANAKCOAT
Manaksia Coated Metals & Industries — Q2 & H1 FY25 Earnings Presentation
55 slides from Manaksia Coated Metals & Industries's earnings presentation, Nov 10, 2024
Slide 1: Cover letter to stock exchanges
info@mcmil.in Sec/Coat/069/FY 2024-25 Dated : 10.11.2024 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- 4000
Slide 2: Q2 & H1 FY25 Investor Presentation
Manaksia Coated Metals & Industries Limited Q2 & H1 FY25 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: Q2 & H1 FY25 Financial & Operational Highlights
Q2 & H1 FY25 Financial & Operational Highlights
Slide 5: Q2 FY25 Consolidated Performance Highlights
Q2 FY25 Consolidated Performance Highlights Total Income EBITDA PAT After Comprehensive Income 195.91 13.87 13.83 2.43 2.20 176.60 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 All Figures In ₹ Cr Investor Presentation 4
Slide 6: H1 FY25 Consolidated Performance Highlights
H1 FY25 Consolidated Performance Highlights Total Income EBITDA PAT After Comprehensive Income 400.00 28.63 5.43 371.87 371.98 350.00 25.61 300.00 2.29 250.00 200.00 150.00 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 All Figures In ₹ Cr Investor Presentation 5
Slide 7: Q2 FY25 & H1 FY25 Consolidated Result Highlights
Q2 FY25 & H1 FY25 Consolidated Result Highlights In ₹ Cr Particulars Q2 FY25 Q2 FY24 Y-O-Y H1 FY25 H1 FY24 Y-O-Y Revenues 174.91 194.53 368.69 366.24 Other Income 1.69 1.38 3.29 5.64 Total Income 176.60 195.91 (9.86%) 371.98 371.87 0.03% Raw Material costs 141.04 153.97 285.22 295.78 Employee costs
Slide 8: MCMIL's Three Star Export House Recognition
Scaling New Heights: MCMIL’s Three Star Export House Recognition Elevated to Three Star Export House by the Ministry of Commerce & Industry. Exploring new growth opportunities in international markets. Strategic Implications Upgradedfrom one star to Diversifying Enhanced global 3 star export house p
Slide 9: A New Benchmark in Creditworthiness
Stronger Standing: A New Benchmark in Creditworthiness Acuite Rating & Research Limited has upgraded Manaksia Coated Metals & Industries Limited's ratings Long-Term Rating: Short-Term Rating: From ACUITE BBB+ to A- From ACUITE A2 to A2+ Significance: o Global Credibility: Elevates reputation and att
Slide 10: Company Overview
Company Overview ww
Slide 11: 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 12: 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 Galvanised Steel Of Pre-painted Contractual Employees Coils Steel Coils W
Slide 13: 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 Industries La
Slide 14: 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 15: 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 16: 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 17: BIS Certification: Benchmarking Product Excellence
BIS Certification: Benchmarking Product Excellence Investor Presentation 16
Slide 18: Proven Quality: Strong Certifications
Proven Quality: MCMIL's Strong Certifications ISO 9001:2015 ISO 14001:2015 ISO 45001:2018 Three Star Export House Investor Presentation 17
Slide 19: Key Banking Relationships
Maximizing Financial Flexibility with Key Banking Relationships Strategic Advantages of Banking Partnerships for MCMIL Secured funding for Improved cash flow Diversified banking Enhanced negotiation expanding capacity and management through credit relationships reducing leverage for favorable loan a
Slide 20: Business Overview
Business Overview al
Slide 21: Production Process
Production Process Other Input Raw ZINC PAINT Material Equipment Cold Rolling Mill Continuous Continuous Colour Galvanising Line (CGL) Coating Line (CCL) HOT ROLLED COLD ROLLED GALVANISED PRE-PAINTED Production STEEL (HRC) STEEL (CRC) STEEL (GI) STEEL (PPGI) Process Final Product Galvanises Steel Co
Slide 22: Overview Of Products Portfolio
Overview Of Products Portfolio Galvanised Steel Sheets & Coils Pre-painted Steel Sheets & Coils Investor Presentation 21
Slide 23: 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 24: Pre-painted Steel Sheets & Coils
Pre-painted Steel Sheets & Coils o Pre-painted steel 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 25: 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 26: Total Sales Quantitative Performance
Total Sales Quantitative Performance Total Volume Pre-Painted Steel Coils Galvanised steel coils In MTPA 18.54% CAGR 89,966 74,377 64,028 61,479 50,458 46,669 37,382 34,535 29,493 28,487 23,919 9,287 FY22 FY23 FY24 H1 FY25 The company successfully shifted its focus towards achieving a higher volume
Slide 27: Export Vs. Domestic Sales - Quantitative Breakdown
Export Vs. Domestic Sales - Quantitative Breakdown FY22 In % In % In % H1 FY25 In % FY23 FY24 18.46 31.16 30.38 48.00 52.00 68.84 69.62 81.54 Domestic Revenue Export Revenue In MTPA Particulars FY22 FY23 FY24 H1 FY25 Domestic Sales Quantity 33,295 60,648 61,929 32,489 Export Sales Quantity 30,733 13
Slide 28: Management Overview
Management Overview ww
Slide 29: Board Of Directors & KMPs
Board Of Directors & KMPs Mr. Sushil Kumar Agrawal Mr. Karan Agrawal Mr. Mahendra Bang (Managing Director) (Whole Time Director) (Chief Financial Officer) • Mr. Sushil Kumar Agrawal, a • Mr. Karan Agrawal has done Diploma • Mr. Mahendra Bang, a Commerce Commerce Graduate with 40 years of in Entrepre
Slide 30: 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 31: Industry Overview
Industry Overview
Slide 32: 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 33: Financial Overview
Financial Overview a
Slide 34: 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 Investor Presentation 33
Slide 35: Consolidated Key Financial Highlights
Consolidated Key Financial Highlights Total Income EBITDA Net Profit EBITDA Margin Net Profit Margin 746.18 56.87 7.99 656.30 657.34 7.62 43.39 6.61 38.12 5.80 449.07 35.89 10.60 11.55 1.61 1.55 9.20 1.30 1.40 5.55 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 In FY23, the financial st
Slide 36: Product-Wise Revenue Breakdown
Product-Wise Revenue Breakdown Total Revenue Prepainted Steel Coils Galvanizing Steel Coils Others In MTPA 739.65 647.74 651.84 510.62 438.60 368.69 307.22 322.50 293.72 202.07 180.42 61.83 18.02 32.82 26.96 13.14 FY22 FY23 FY24 H1 FY25 The company's value-added pre-painted steel coils have emerged
Slide 37: Export Vs. Domestic – Revenue Breakdown
Export Vs. Domestic – Revenue Breakdown In % In % In % In % FY22 FY23 FY24 H1 FY25 21.55 32.64 25.93 49.82 50.18 67.36 66.12 78.45 Domestic Revenue Export Revenue In ₹ Cr Particulars FY22 FY23 FY24 H1 FY25 Domestic Revenue 327.16 512.97 498.25 243.74 Export Revenue 320.58 138.87 241.43 124.95 Total
Slide 38: 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 39: 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 40: 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 41: 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 42: Stock Data
Stock Data As on 0-11-2024 As on 30-09-2024 NSE: MANAKCOAT BSE: 539046 | ISIN: INE830Q01018 Shareholding Pattern Share Price ₹ 64.14 Market Capitalization ₹ Cr 476.36 30.81% Promoter & Promoter Group No. of Share Outstanding 7,42,69,050 Face Value ₹ 1.00 Public 69.19% 52 Week High ₹ 73.80 52 Week Lo
Slide 43: The Way Forward
The Way Forward
Slide 44: Production Capacity
Production Capacity Current Capacity Future Capacity Expansion FY06 FY22 FY26 40,000 MTPA 86,000 MTPA 2,36,000 MTPA Pre-Painted Line Capacity increased Capacity increased Steel • New Electrical Upgrade by – 170% • New Incinerator (New CCL to be installed of capacity 150,000MT) (Phase 2) FY18 FY23 FY
Slide 45: Galvanising Infrastructure: Transforming GI to GL
Galvanising Infrastructure: Transforming GI to GL (Phase 1- Q4 FY25) Transition from manufacturing Galvanised steel to Alu-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 & Benefits
Slide 46: Alu-Zinc Coating: Boosted Demand, Reduced Costs & Competitive Edge
Alu-Zinc Coating: Boosted Demand, Reduced Costs & Competitive Edge Alu - Zinc Coating Advantages: • Demand for the Aluminum Zinc Coating is growing at a significantly higher rate compared to galvanised steel. • It has greater market acceptability than galvanised steel. • There are fewer competitors
Slide 47: Investment - Other Infrastructure
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 48: New Color Coating Line – CCL 2
New Color Coating Line – CCL 2 (Phase 2 - FY26) Thickness Range : Expected line Capacity: 0.3mm - 1.2mm 150,000 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 49: CRM Complex
CRM Complex (Phase 3 - FY27/FY28) 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:
Slide 50: New Aluminum Zinc Coating Line
New Aluminum Zinc Coating Line (Phase 3 - FY27/FY28) Adding a second aluminum zinc coating line – To enhance downstream product capacity Capacity Increase By 100% Capacity Expansion From 180,000 MTPA To 360,000 MT/Annum Strategic Impact • Facilitate full utilization of new cold rolling capacity. • E
Slide 51: 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 52: 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 53: 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 54: Investment Rationale
Investment Rationale Strong Financial Performance Technological Advancements & Expansions The company posted a 26.04% y-o-y revenue growth and an The company is expanding cold-rolling and color-coating capacity to exceptional 2,320% PAT increase, highlighting its strong 300,000 MT by FY27/28. profit
Slide 55: Thank You
Thank You Plot No.15, Navodaya Colony, Road No.14, Banjara Hills, Hyderabad – 500 034India info@mcmil.in Email: info@mcmil.in Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604 info@kirinadvisors.com E-mail: info@kirinadvisors.com Phone: 022 4100 2455 www.kir
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