Shyam Metalics & Energy Ltd. · NSE:SHYAMMETL
Shyam Metalics & Energy — Investor Day (June 2026)
60 slides from Shyam Metalics & Energy's investor day presentation, Jun 17, 2026
Slide 1: Cover letter to stock exchanges: Investors Presentation
SMEL/SE/2026-27/31 June 17, 2026 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, Mumbai 400 001 Bandra (East), Mumb
Slide 2: Investor & Analyst Day 2026
Shyam Metalics & Energy Limited Investor & Analyst Day 2026
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
01 Company Overview
Slide 5: Shyam Metalics at a Glance
Shyam Metalics at a Glance One of India's fastest-growing integrated metal producers ₹18,552 Cr ₹2,537 Cr ₹1,061 Cr 2nd 467 MW Largest ₹2,023 Cr Largest Coal based FY26 PAT Sponge Iron Player Total power FY26 Revenue FY26 EBITDA FY26 Cash Aluminium Foil generation Accrual 6th Manufacturer ~3x from F
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: Growth Roadmap – FY31
Growth Roadmap – FY31 Revenue (₹ Cr) ~2.3x / 2.7x ~20% / 22% Growth in Revenue / EBITDA RoE / RoCE 18,552 42,647 6,297 ~$1.1 Bn Net Cash +ve FY21 FY26 FY31E Capex to be deployed over Negative Net Debt despite next 4-5 year, funded by substantial growth capex internal accruals – no external EBITDA (₹
Slide 8: Product Portfolio
Product Portfolio From raw materials to value-added solutions, our portfolio spans entire metal value chain Core metal products Carbon steel Structural Railway TMT Bars Wire Rods SBQ Wires* Steel Wagons* Raw materials Flat Steel HR Coils* CR Coils Galvalume Roofing Pipe Sheets Iron Ore Ferro Pellets
Slide 9: Strategically Located - Supported by Infrastructure
Strategically Located - Supported by Infrastructure 7state of the art manufacturing plants in West Bengal, Odisha, Madhya Pradesh and Jharkhand Jamuria Sambalpur Kharagpur Indore Giridih Pakuria Mangalpur Out of the 1,827 acres land across the 4 states, 1,338 acres occupied by plant operations and 4
Slide 10: Eminent Promoters & Professional Board of Directors
Eminent Promoters & Professional Board of Directors Mahabir Prasad Brij Bhushan Agarwal Sanjay Kumar Deepak Agarwal Sheetij Agarwal Dev Kumar Tiwari Agarwal Chairman & Managing Agarwal Director (Finance) & Whole-time Director & Whole-time Director Chairman Emeritus Director (CMD) Joint Managing Dire
Slide 11: Eminent Independent Board of Directors from Diversified Field
Eminent Independent Board of Directors from Diversified Field Chandra Shekar Nand Gopal Khaitan Shashi Kumar Kishan Gopal Baldwa Rajini Mishra Subrata Bhattacharya Verma o He is a Fellow Member o He is registered as an o Associated with the o Associated with the o Associated with Shyam o A distingui
Slide 12: R&D Focus Positions Us Ahead of Market Trends
R&D Focus Positions Us Ahead of Market Trends Foresight-led capital allocation — not opportunistic capacity addition — has been the source of every competitive advantage Shyam Metalics holds today The Shyam Metalics way Identify the problem → Conduct thorough first-hand research → Initiate execute w
Slide 13: Global Presence Across 40+ Countries and Expanding Rapidly
Global Presence Across 40+ Countries and Expanding Rapidly 10% 23% Sweden Export Contribution to Aluminum Foil Products Germany Revenue in FY26 PRAGUE Russian Fed. Austria Belgium Czech Republic United Kingdom France Poland Romania South Korea 52% USA Switzerland Slovakia Turkey BhutanChina Japan Fe
Slide 14: Transformation Journey since IPO
02 Transformation Journey since IPO
Slide 15: The Transformation Playbook
The Transformation Playbook From commodity to value-added leader – shift in mix yielding better margins Pre-2005 2010–15 2016-21 2022-24 2025-26 2027-31 Foundation Scale-Up IPO & Expansion Diversification with Value Leader Vision 2031 o Incorporation of Shyam o Sambalpur & Jamuria – o Capacity & cap
Slide 16: Strategic Commitments vs Delivered Outcomes
Strategic Commitments vs Delivered Outcomes Structural transformation – Scale, diversification, operational discipline, and strategic foresight CAPACITY EXPANSION VALUE ADDITION CAPACITY EXPANSION FY21A FY26A FY21A FY26A FY21A COMMITTED DELIVERED FY26A (FY25) (FY25) Metal Ferro Alloy Balance Zero ne
Slide 17: Moving Towards a Diversified Product Mix
Moving Towards a Diversified Product Mix Revenue Mix Sales Volumes (in lakh tonnes) 83% 85% 79% 74% 77% 28.9 45% 48% 48% 45% 45% 22.7 21.2 38% 37% 20.2 20.6 31% 32% 17.2 29% 15.1 13.3 11.2 17% 15% 13% 13% 7% 11% 7% 7.6 4% 4% 5% 4% 1.6 1.8 1.8 0.5 2.0 0.8 2.2 0.9 0.2 0.2 0.2 FY22 FY23 FY24 FY25 FY26
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 Capacity (MTPA) FY21 FY21 FY22 FY23 FY24 FY25 FY26 Post Expansion Capacity (MTPA) FY21 FY25 FY26 Post Expansion Iron Pellet 2.40 3.60 4.80 6.00 6.00 6.00 6.00 Beneficiation - - 3.0 Co
Slide 19: Products & Capabilities
- 03 Products & Capabilities
Slide 20: Stainless Steel: A High Growth Vertical
Stainless Steel: A High Growth Vertical Stainless Steel Vertical Overview Leading Player in Forayed into 2 Manufacturing Rolling Mill is 0.15 MTPA Installed Wide product range Stainless Steel Stainless steel units at Pithampur, developed by Italian Capacity for finished across series 200, Long Produ
Slide 21: Stainless Steel: Financial Trajectory
Stainless Steel: Financial Trajectory REVENUE (₹ CR) EBITDA (₹CR) SALES VOLUME (MT) 11,969 6,99,733 1,108 ~55% ~70% ~49% 1,322 94,102 CAGR 77 CAGR CAGR FY26 FY31E FY26 FY31E FY26 FY31E Revenue CAGR FY26–FY31: ~55% | EBITDA CAGR: ~70% Page 20
Slide 22: Business Update: Greenfield Expansion - Cold Rolling Mill
Business Update: Greenfield Expansion - Cold Rolling Mill ₹ 603 Cr Total Capex 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) CRM Mill opera
Slide 23: Cold Rolling Mill: Financial Trajectory
Cold Rolling Mill: Financial Trajectory REVENUE (₹ CR) EBITDA (₹CR) SALES VOLUME (MT) 2,976 3,92,000 ~43% ~19% CAGR CAGR 1,242 1,65,307 ~19% 645 106 CAGR FY26 FY31E FY26 FY31E FY26 FY31E Revenue CAGR FY26–FY31: ~19% | EBITDA CAGR: ~43% Page 22
Slide 24: Aluminium Division
Aluminium Division Further Expansion - Rs. 800 cr Aluminium Plant – Pakuria - West Bengal (Avg Capacity - 0.024 (Likely to be commissioned very soon) MMTPA), Giridih – Jharkhand & upcoming plant in Odisha One of the largest aluminium foil manufacturer in India, plant spread over 5 acres Mill with Fl
Slide 25: Aluminium: Financial Trajectory
Aluminium: Financial Trajectory REVENUE (₹ CR) EBITDA (₹CR) SALES VOLUME (MT) 2,331 47,100 ~23% CAGR 21,620 821 ~30% CAGR ~17% 277 CAGR 76 FY26 FY31E FY26 FY31E FY26 FY31E Revenue CAGR FY26–FY31: ~23% | EBITDA CAGR: ~30% Page 24
Slide 26: Enhancing Capacities in Carbon Steel through Ramsarup Industries
Enhancing Capacities in Carbon Steel through Ramsarup Industries Ramsarup Industries First Capex Infusion in Ramsarup Industries – Phase I Capacity Expansion in Ramsarup Industries – Phase II Capex : Rs 747 cr Capex : Rs 625 cr Captive Blast DRI Power Plant Furnace Steel Wire Blast Captive Railway 1
Slide 27: Foray into Wagon Manufacturing
Foray into Wagon Manufacturing Developed under step -down Strategic entry into rolling The plant to incorporate Wagons types to be Project supports GoI’s subsidiary, stock segment – wagon world class “Uni-Flow” manufactured - Flat, “Make in India” initiative Ramsarup Industries Ltd., manufacturing w
Slide 28: Carbon Steel: Financial Trajectory
Carbon Steel: Financial Trajectory REVENUE (₹ CR) EBITDA (₹CR) SALES VOLUME (MT) 22,637 60,64,074 3,885 ~12% 44,37,734 12,760 CAGR ~18% 1,707 CAGR ~6% CAGR FY26 FY31E FY26 FY31E FY26 FY31E Revenue CAGR FY26–FY31: ~12% | EBITDA CAGR: ~18% Note: The numbers include SBQ Mill business, Metalics and HR C
Slide 29: Capacity Expansion
Ve | 04 = Capacity Expansion
Slide 30: Details of Fresh Capex Announced
Details of Fresh Capex Announced Capacities to be Budgeted Capex Expected Commissioning Particulars Commissioned (Rs Cr) Date (Million MTPA) Long & Speciality Wire Rod and 0.8 900 March’29 Bar Mill (SBQ) with furnace Expansion of Stainless Steel with downstream facilities from 0.5 MTPA to 0.6 MTPA w
Slide 31: Projects Pending Installation & Status of Cost Incurred in Carbon Steel
Projects Pending Installation & Status of Cost Incurred in Carbon Steel Capacities to be Budgeted Capex Capex incurred till Pending Capex Particulars Commissioned (Rs Cr) 31st March (Rs Cr) (Rs Cr) (Million MTPA) Intermediates: Beneficiation Plant 3.00 300 211 89 Sponge Iron 1.05 400 312 88 Blast F
Slide 32: Projects Pending Installation & Status of Cost Incurred in Carbon Steel
Projects Pending Installation & Status of Cost Incurred in Carbon Steel Capacities to be Budgeted Capex Capex incurred till Pending Capex Particulars Commissioned (Rs Cr) 31st March (Rs Cr) (Rs Cr) (Million MTPA) Others: Solar Plant (MW) 100 450 25 425 Captive Power (MW) 210 930 500 430 Railway Sidi
Slide 33: Projects Pending Installation & Status of Cost Incurred for Others
Projects Pending Installation & 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 Long: Billet Stainless Steel 0.13 130 127 3 Stainless Steel Bright Bars 0.03
Slide 34: Projects Pending Installation & Status of Cost Incurred for Others
Projects Pending Installation & 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) Aluminium: Aluminium Mill with Caster 0.10 75 44 31 Battery foil plant 0.01 25 23 2 Alumini
Slide 35: Plant Wise Capacities - Existing: Carbon Steel
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 (Direct Reduced Iron) 1.35 1.49 0.06 0.15 3.05 Billets 0.87 1.14 2.0
Slide 36: Plant Wise Capacities - Post Expansion: Carbon Steel
Plant Wise Capacities - Post Expansion: 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 0.06 0.24 DRI (Direct Reduced Iron) 1.95 1.95 0.06 0.15 4.1 Pig Iron / Blast
Slide 37: Plant Wise Capacities - Existing & Post Expansion: Stainless Steel
Plant Wise Capacities - Existing & Post Expansion: Stainless Steel Product –Wise Sambalpur Pitampura TOTAL Capacity (MTPA) Odisha Madhya Pradesh (MTPA) Billets 0.13 0.12 0.25 SS Melt Shop 0.6 0.6 Stainless HR 0.6 0.6 Stainless CR 0.4 0.4 Stainless 0.15 0.15 SS Bright Bars 0.025 0.025 SS Wire Rods 0.
Slide 38: Energy Cost through Captive Power: ~81%
Energy Cost through Captive Power: ~ 81% o Power consumed by the plants are primarily produced in-house by the Sambhalpur Jamuria Mangalpur Kharagpur captive power plants o Captive power plants majorly utilise waste, rejects, heat and gas generated 6 Turbines 4 Turbines 1 Turbine 1 Turbine from the
Slide 39: Financial Performance
05 Financial Performance
Slide 40: FY26 Performance Highlights
FY26 Performance Highlights Rs. 2,537 crores Rs. 2,333 crores Rs. 18,552 crores Rs. 1,061 crores Revenue from Operations EBITDA Operating Profit After Tax EBITDA Revenue Breakup Volumes (in lakh tonnes) Volumes (in lakh tonnes) +10% Y-o-Y Steel Products 11.2% 4.4% 1.05 1.16 +3% 7.1% 0.21 0.22 Alumin
Slide 41: Per Tonne Realizations
Per Tonne Realizations Speciality Alloys Carbon Steel1 CR Coil/ CR Sheet2 Stainless Steel -3% +7% -2% +11% 44,500 43,043 1,31,586 1,40,443 95,902 93,837 67,202 74,494 FY25 FY26 FY25 FY26 FY25 FY26 FY25 FY26 Sponge Iron Iron Pellets Pig Iron Aluminium Foil -7% +5% +0.4% +10% 25,343 23,695 9,085 33,80
Slide 42: Strong Debt Profile
Strong Debt Profile Gross Debt (Rs. Cr) Net Debt^ (Rs. Cr) 1,050 960 951 957 785 768 246 534 577 -477 -562 -378 -1,062 -1,514 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Gross Debt / Equity Net Debt / EBITDA 1.51 0.37 0.18 0.30 0.21 0.13 -0.18 -0
Slide 43: Strong Balance Sheet - Flexibility of Growth
Strong Balance Sheet - Flexibility of Growth Conservatively Leveraged + Disciplined Capital Allocation strategy Internal Operating Efficiency led to minimal = Working capital requirements Better Return Metrics Working Capital (days) Return ratios (%) 57% 22 9 34% ROCE* 20% 15% 15% 16% 13% 123 132 Ma
Slide 44: Disciplined Capital Allocation
Disciplined Capital Allocation Cashflow from Operations (Rs. Cr) CAPEX (Rs. Cr) 1,964 2,023 2,130 2,046 1,689 1,794 1,518 1,543 1,578 1,056 1,277 251 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 Cash & Cash Equivalents (Rs. Cr) CAPEX as % of Cashflow from Operations 2,092 102% 108% 10
Slide 45: Strategy & Guidance
Ve | Strategy & Guidance
Slide 46: Building the Future Roadmap
Building the Future Roadmap Build Greener, 05 Build Cleaner Increase Cost 04 Efficiency Grow 03 o Reducing Carbon Geographies Integrated Footprint 02 o Use of technology in Metals Major More Value- supply chain management o Focus on sustainability 01 o Enter in newer states with Added Products focus
Slide 47: Shyam Metalics: Vision 2031
Shyam Metalics: Vision 2031 Building India's Most Diversified & Value-Accretive Metals Platform REVENUE EBITDA ROCE ROE Debt/Cash Accrual FY26 FY31 Cash Net Gross Accrual Debt Debt FY26 FY31 FY26 FY31 FY26 FY31 FY26 FY31 ₹957 Cr ~₹4,226 Cr ₹18,552 Cr ~₹42,500+ Cr ₹2,333 Cr ~₹6,200+ Cr 16% 22% 13% 20
Slide 48: Financial Roadmap to Vision 2031
Financial Roadmap to Vision 2031 REVENUE EBITDA VOLUME (MT) REVENUE (₹ CR) EBITDA (₹ CR) PRODUCT SHARE (%) SHARE (%) FY26 FY31E FY26 FY31E FY26 FY31E FY26 FY31E FY26 FY31E Stainless Steel 94,102 6,99,733 1,322 11,969 7% 28% 77 1,108 3% 18% Aluminium 21,620 47,100 821 2,331 5% 5% 76 277 3% 4% Carbon
Slide 49: ESG
07 ESG
Slide 50: ESG – Impact Metrics
ESG – Impact Metrics The Shyam Commitment – Efficiency in action | Responsibility in intent | Sustainability engineered at every step POWER WATER SUN WIND 777 MW ZLD 20.43 MWP 35,000+ Tonnes Captive Power (Post Expansion) Zero Liquid Discharge & Extensive Solar Systems CO2 Emissions Avoided Annually
Slide 51: CSR Initiatives
CSR Initiatives • Improving water bodies SUSTAINABILITY • Annual medical health and eye checkup • Plantation work campaign offering free medicine and • Installation of solar streetlight spectacles to villagers • Solar irrigation Pumps • Medical mobile van in 17-18 villages in • Developing areas arou
Slide 52: Community Building & Welfare of the Immediate Locality
Community Building & Welfare of the Immediate Locality has always been Our Top Priority Safe Drinking Water Education & Skill Blood Donation Camp Healthcare Summer water tankers for Development 100+ employee volunteers at 95,000 free OPD visits annually 38,397 residents 38 volunteers teaching in 21
Slide 53: Strengthening ESG Framework
Strengthening ESG Framework ESG integration strengthening governance, operational resilience and long-term sustainability 60 63.7 50 55 SES ESG Research NSE Sustainability CFC Finlease Private Private Ltd. Ratings and Analytics Limited CRISIL ESG Ratings & Analytics Limited Limited 13-02-2026 17-01-
Slide 54: Annexure
08 Annexure
Slide 55: 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 TMTinfrastructures are used for the construction of buildings, transmission towers, industrial sheds, structures, road, dam SMELand se
Slide 56: A Rising Force in India's Steel Landscape
A Rising Force in India’s Steel Landscape RECOGNISED Amongst India’s Top Steel Entrepreneurs STRONG FOUNDATION Built on Scale, Integration & Operational Excellence GROWTH MOMENTUM Well positioned to create long-term shareholder value Shyam Metalics recognized among India's Top Steel Players, well-po
Slide 57: Long Term Rating at CRISIL AA+/ Outlook: Stable
Long Term Rating at CRISIL AA+/ Outlook: Stable Current Rating CRISIL AA+ Outlook Stable CRISIL AA+ Latest Review Nov-25 (Stable) CRISIL AA CRISIL AA CRISIL AA CRISIL AA (Stable) (Stable) (Stable) (Positive) CRISIL AA- (Stable) CRISIL AA- (Positive) FY20 FY21 FY22 FY23 FY24 FY25 Nov-25 CRISIL AA+ (S
Slide 58: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Cr) Q4 FY26 Q4 FY25 Y-o-Y Q3 FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 5,240.4 4,139.4 26.6% 4,421.5 18.5% 18,552.2 15,137.5 22.4% Cost of Material Consumed 3848.6 2,902.1 3251.1 13,680.2 11,336.7 Purchases of stock in trade 33.1 0.5 57.
Slide 59: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Cr) Mar-26 Mar-25 Particulars (Rs. Cr) Mar-26 Mar-25 Assets Equity and Liabilities Non-Current Assets Equity share capital 278.3 278.2 Other equity 11,244.5 10,275.1 Property, plant and equipment 7,968.7 6,196.7 Total Equity 11,522.8 10,553.3 Right-of-use
Slide 60: Thank You
THANK YOU Shyam Metalics & Energy Limited Investor Relations: Ernst & Young LLP Mr. Pankaj Harlalka Mr. Diwakar Pingle pankaj.harlalka@shyammetalics.com diwakar.pingle@in.ey.com investor.relations@shyammetalics.com Mr. Binay Sarda Shyam Metalics & Energy Ltd. binay.sarda@in.ey.com CIN No. : L40101WB