Shyam Metalics & Energy Ltd. · NSE:SHYAMMETL
Shyam Metalics & Energy — Q4 FY26 Earnings Presentation
52 slides from Shyam Metalics & Energy's earnings presentation, May 12, 2026
Slide 1: Exchange filing cover letter
Great Place To Work,, Certified SMEL SE 2026-27 16 May 12 2026 f¥'iltR 2-024 • MAR 20l!> INDIA 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 B
Slide 2: Shyam Metalics & Energy Limited Investor Presentation Q4 & FY26
Shyam Metalics & Energy Limited Investor Presentation | Q4 & FY26
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
SIHYAM METALICS ORE TO METAL
Slide 5: Shyam Metalics at a glance
Shyam Metalics at a glance Leading Integrated Steel Producer 4th Largest Sponge Iron Player, & amongst the largest Ferro Alloys Leading player in terms of Pellet producer in India Capacity Achieving End-To-End Solutions Diversified Metal Product Portfolio Company Operates “Ore to Metal” integrated s
Slide 6: Strengthening ESG framework
Strengthening ESG framework ESG integration strengthening governance, operational resilience and long-term sustainability 60 63.7 50 55 SES ESG Research CFC Finlease Private Private Ltd. NSE Sustainability Ratings Limited CRISIL ESG Ratings & and Analytics Limited Analytics Limited Average Average M
Slide 7: 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 8: 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 9: Our growth trajectory
Our growth trajectory Revenue EBITDA ~3x ~3x ~3X 18,552 ~1.7x 2,333 6,297 1,394 FY21 FY26 FY31E FY21 FY26 FY31E The company is strategically expanding into diversified, value-added product segments with higher ROCE and lower CAPEX requirement. Since listing, the company has delivered ~3x growth in r
Slide 10: Eminent promoters & professional board of directors
Eminent promoters & professional 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 Emeritus Joint Managing Director Director (Finance) & CFO Whole-time Director Direct
Slide 11: 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 Subrata Bhattacharya 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 o A distin
Slide 12: Key updates for Q4 FY26
Key updates for Q4 FY26 Capex & Operational Update Financial Performance Updates • Q4 FY26: Revenue: Rs. 5,240.4 cr, Operating • The company has approved fresh capital • On-going Capex incurred till FY26: Rs. 8,630 EBITDA: Rs. 726.9 cr, EBITDA: Rs. 756.1 cr, expenditure of Rs. 2,700 crores to drive
Slide 13: Details of fresh capex announced
Details of fresh capex announced Capacities to be Commissioned Budgeted Capex Particulars Expected Commissioning Date (Million MTPA) (Rs Cr) Long & Speciality Wire Rod and Bar 0.8 900 March’29 Mill (SBQ) with furnace Expansion of Stainless Steel with downstream facilities from 0.5 MTPA to 0.6 MTPA w
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) CRM Mill operation comprises of 1.
Slide 15: Stainless steel: a high growth vertical
Stainless steel: a high growth vertical Stainless Steel vertical overview Leading Player in Stainless Forayed into Stainless steel 2 Manufacturing units at Rolling Mill is developed by 0.15 MTPA Installed Wide product range across Steel Long Products in India through acquisition of Pithampur, Madhya
Slide 16: Aluminium division
Aluminium division Aluminium Plant – Pakuria - West Bengal (Avg Capacity - 0.024 MMTPA), 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 stabi
Slide 17: Enhancing capacities in carbon steel through Ramsarup Industries
Enhancing capacities in carbon steel through Ramsarup Industries Shyam Super Metalics & 60% Ramsarup 40% Smelters Ltd Energy Ltd Industries First Capex Infusion in Ramsarup Industries – Phase I Capacity Expansion in Ramsarup Industries – Phase II Rs. 448 cr Capex : Rs 747 cr Rs. 299 cr Rs. 375 cr Ca
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 Capacity (MTPA) FY21 FY21 FY22 FY23 FY24 FY25 FY26 Post Expansion Capacity (MTPA) FY25 FY26 Post Expansion Iron Pellet 2.40 3.60 4.80 6.00 6.00 6.00 6.00 Beneficiation - - 3.0 Sponge
Slide 20: Current Projects Overview
SIHYAM METALICS ORE TO METAL
Slide 21: 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) Intermediates: Beneficiation Plant 3.00 300 211 89 Sponge Iron 1.05 400 312 88 Blast
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) 31st March (Rs Cr) (Rs Cr) (Million MTPA) Others: Solar Plant (MW) 100 450 25 425 Captive Power (MW) 210 930 500 430 Railway Si
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) 31st March (Rs Cr) (Rs Cr) (Million MTPA) Stainless Steel: Billet Stainless Steel 0.13 130 127 3 Billet Slabs for Flat products 0.60
Slide 24: 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) Aluminium: Aluminium Mill with Caster 0.10 75 44 31 Battery foil plant 0.01 25 23 2 Alumi
Slide 25: 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) FY26 (MMTPA) FY29E Carbon Steel: Intermediate Pellet 6.00 6.00 1.18 0.29 -75% Products a. Sponge
Slide 26: 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) FY26 (MMTPA) FY29E Stainless Steel: Intermediate Stainless Steel Billets 0.12 0.8
Slide 27: Moving towards a diversified product mix
Moving towards a diversified product mix Revenue Mix Sales Volumes (in lakh tonnes) 83% 85% 79% 74% 77% 48% 48% 28.9 45% 45% 45% 38% 37% 22.7 20.2 20.6 21.2 31% 32% 29% 17.2 15.1 13.3 17% 11.2 15% 13% 13% 7.6 11% 7% 7% 0.5 4% 4% 5% 4% 1.6 1.8 1.8 2.0 0.8 2.2 0.9 0.2 0.2 0.2 FY22 FY23 FY24 FY25 FY26
Slide 28: Global presence across 40+ countries and expanding rapidly
Global presence across 40+ countries and expanding rapidly Sweden Preferred suppliers to large corporations Germany PRAGUE Russian Fed. Austria Belgium Czech Republic 1 2 3 United Kingdom Poland France Romania South Korea USA Switzerland Slovakia Turkey BhutanChina Japan Portugal Mexico Luxembourg B
Slide 29: Q4 & FY26 Financial Performance
Q4 & FY26 Financial Performance
Slide 30: Performance highlights
Performance highlights Q4 FY26 Rs. 5,240 Cr Rs. 756 Cr Rs. 727 Cr Rs. 312 Cr Revenue EBITDA Operating EBITDA PAT YoY 26.6% YoY 32.8% YoY 41.1% YoY 41.7% FY26 Rs. 18,552 Cr Rs. 2,537 Cr Rs. 2,333 Cr Rs. 1,061 Cr Revenue EBITDA Operating EBITDA PAT YoY 22.4% YoY 21.0% YoY 25.1% YoY 16.6% 29
Slide 31: 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 32: 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 33: Q4 FY26 performance highlights
Q4 FY26 performance highlights Rs. 5,240 crores Rs. 756 crores Rs. 727 crores Rs. 312 crores Revenue from Operations EBITDA Operating EBITDA Profit after Tax Revenue Breakup Volumes (in lakh tonnes) Volumes (in lakh tonnes) Y-o-Y +10% +22% Q-o-Q Steel Products 3.0% 0.33 7.6% 10.3% 0.30 0.27 Y-o-Y Q-
Slide 34: FY26 performance highlights
FY26 performance highlights Rs. 18,552 crores Rs. 2,537 crores Rs. 2,333 crores Rs. 1,061 crores Revenue from Operations EBITDA Operating EBITDA Profit After Tax Revenue Breakup Volumes (in lakh tonnes) Volumes (in lakh tonnes) +10% Y-o-Y Steel Products 7.1% 11.2% 1.16 1.05 Y-o-Y 4.4% 2.2% 0.22 Alum
Slide 35: Per tonne realizations
Per tonne realizations Speciality Alloys Carbon Steel1 Y-o-Y Q-o-Q Y-o-Y Q-o-Q +9% +7% -2% +3% +13% -3% 91,350 93,054 99,517 95,902 93,837 44,018 45,374 44,500 43,043 40,264 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 CR Coil/ CR Sheet2 Stainless Steel Y-o-Y Q-o-Q Y-o-Y Q-o-Q
Slide 36: Per tonne realizations
Per tonne realizations Sponge Iron Iron Pellets Y-o-Y Q-o-Q Y-o-Y Q-o-Q +2% +11% -7% +9% +4% +5% 24,510 24,907 25,343 23,695 8,791 9,156 9,556 8,645 9,085 22,470 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Pig Iron Aluminium Foil Y-o-Y Q-o-Q Y-o-Y Q-o-Q +9% +16% +0.4% +16% +8
Slide 37: 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 -378 -562 -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 0.37 1.51 0.21 0.18 0.30 0.13 0.09 0.0
Slide 38: 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% 22 9 34% ROCE* 132 20% 123 15% 15% 16% 13% 10
Slide 39: Disciplined capital allocation
Disciplined capital allocation CashFlow from Operations (Rs. Cr) CAPEX (Rs. Cr) 1,964 2,027 2,130 2,046 1,689 1,794 1,518 1,543 1,578 1,277 1,056 251 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 Cash & Cash Equivalents (Rs. Cr) CAPEX as % of Cashflow from Operations 108% 2,092 102% 10
Slide 40: Consistent EBITDA track record
Consistent EBITDA track record EBITDA* (Rs. Cr) Other income as % of EBITDA 756 633 609 570 539 539 493 507 481 450 438 447 345 16% 14% 265 260 11% 10% 9% 11% 10% 10% 10% 8% 9% 8% 8% 4% 5% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY23 FY23 FY24 F
Slide 41: Consistent growth in volumes
Consistent growth in volumes Sales Volumes (in Lakh tonnes) Sales Volumes (in Lakh tonnes) – Q4 FY26 volume growth % Actual volume FY26 volume Projected volumes 26% 25% 9% 8% 5% 61.62 +22% 12.84 49.46 10.55 39.39 36.40 33.44 FY23 FY24 FY25 FY26 FY27P Q4 FY25 Q4 FY26 40
Slide 42: Enhancing shareholder's value
Enhancing shareholder’s value Dividend Payout (%) 14% 14% 12% 12% 11% 5% FY21 FY22 FY23 FY24 FY25 FY26 Particulars (in Rs Cr) FY21 FY22 FY23 FY24 FY25 FY26 Net Profit 844 1,724 843 1,029 909 1,061 Dividend 43 184 114 122 125 126 Despite continuous incremental capex spends, the Company has paid post
Slide 43: Long term rating at CRISIL AA+/ outlook: stable
Long term rating at CRISIL AA+/ outlook: stable Current Rating CRISIL AA+ Outlook stable Latest Review Nov-25 CRISIL AA+ (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 44: Annexure
SIHYAM METALICS ORE TO METAL
Slide 45: 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 Kharagpur Plant Close Proximity Strong Logistics Lower Logistics to Raw Material + Infrastructure = Cost Dhamra Paradeep Vishakhapatnam Proximity to ports enables
Slide 46: 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 1.35 1.49 0.06 0.15 3.05 (Direct Reduced Iron) Billets 0.87
Slide 47: 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 48: 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 0.4 0.4 Stainless HR 0.6 0.6 Stainless 0.15 0.15 Billets 0.13 0.12 0.25 SS Melt Shop 0.6 0.6 SS Bright Bars 0.025 0.025 SS Wir
Slide 49: 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 50: 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 51: CSR initiatives
CSR initiatives SUSTAINABILITY RURAL HEALTH & WELLNESS • Improving water bodies • Plantation work • Annual medical health and eye checkup campaign • Installation of solar streetlight offering free medicine and spectacles to villagers • Solar irrigation Pumps • Medical mobile van in 17-18 villages in
Slide 52: THANK YOU
Shyam Metalics & Energy Limited Mr. Pankaj Harlalka pankaj.harlalka@shyammetalics.com Investor Relations: investor.relations@shyammetalics.com MUFG Intime India Pvt Ltd Shyam Metalics & Energy Ltd. CIN No. : L40101WB2002PLC095491 P-19 (Plate No. D-403) Taratala Road, Kolkata-700088, West Bengal, Ind
Shyam Metalics and Energy — Q4 FY26 Earnings Presentation on 6ix