Surani Steel Tubes Ltd. · NSE:SURANI
Surani Steel Tubes — H1 FY24 Earnings Presentation
10 slides from Surani Steel Tubes's earnings presentation, Nov 15, 2023
Slide 1: Cover letter to National Stock Exchange
November 15, 2023 To, The Manager- Listing Department National Stock Exchange of India Limited ‘Exchange Plaza’, C-1 Block G, Bandra Kurla Complex, Bandra (East) Mumbai-400051 Scrip Code: SURANI Sub: H1FY24 Investor Presentation Dear Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations
Slide 2: Earnings Update H1 FY24
EARNINGS UPDATE H1 FY24 November 15th, 2023
Slide 3: About Surani Steel Tubes Limited; Key Developments in H1 FY24
About Surani Steel Tubes Limited (“Surani” or “The Company”) Ø Incorporated in the year 2012, Surani Steel Tubes Limited is a dynamic steel tube manufacturing company, which specializes in producing ERW MS Pipes, HR Slit Coils, and HR Coils of various shapes and sizes to meet the requirements of viv
Slide 4: Change in Management; Key Consolidated Financial Snapshot
Change in Management: Ø Mr. Vijay Singla, Mr. Chetan Singla, and Ms. Pavni Singla were appointed as the new directors of Surani. o Mr. Vijay Singla has around 35 years of experience in iron and steel industry in field of manufacturing, units set up and operations, funding, and financial planning. o
Slide 5: Key Consolidated Financial Snapshot
Key Consolidated Financial Snapshot: Revenue from Operations (Rs. Mn) 660.00 ₹646.14 640.00 620.00 600.00 ₹588.92 580.00 560.00 H1 FY23 H1 FY24 EBITDA (Rs. Mn) & EBITDA Margins (%) 0.00 0.00% H1 FY23 H1 FY24 (10.00) -1.92% -2.00% ₹(12.39) (20.00) -4.00% (30.00) -6.00% -6.33% (40.00) ₹(37.26) -8.00%
Slide 6: Key Consolidated Financial Snapshot
Key Consolidated Financial Snapshot: Revenue per ton 56,800 56,585 56,300 55,800 55,522 55,300 54,800 54,300 53,800 53,300 52,800 H1 FY23 H1 FY24 EBITDA per ton 0 H1 FY23 H1 FY24 -500 -1,000 -1,085 -1,500 -2,000 -2,500 -3,000 -3,500 -3,513 -4,000 Net Working Capital Cycle 78 76 76 74 72 70 68 68 66
Slide 7: Consolidated Financial Statement Highlights
Consolidated Financial Statement Highlights: Consolidated Income Statement: Particulars (Rs. Mn) H1 FY24 H1 FY23 YoY% Revenue from Operations 646.14 588.92 9.72% Other Income 3.28 1.25 Total Revenue 649.42 590.17 Total Expenses excluding Depreciation, 658.53 626.18 5.17% Amortization & Finance Cost
Slide 8: Balance Sheet; Management Commentary
Balance Sheet as at: Particulars (Rs. Mn.) 30.09.23 31.03.23 Particulars (Rs. Mn.) 30.09.23 31.03.23 ASSETS EQUITY & LIABILITIES Non-Current Assets Equity Property, Plant, and Equity Share Capital 88.89 82.84 Equipment 84.45 46.02 Intangible Assets Reserves and Surplus 207.68 144.98 0.00 0.00 Money
Slide 9: Management Guidance
In the first half of fiscal year 2024, The Company experienced a significant management overhaul, marking the beginning of a remarkable turnaround story. The new leadership is steadfast in its commitment to rejuvenate the performance of The Company and align operations with our goal—to position Sura
Slide 10: Disclaimer; Contact Details
Disclaimer: Certain statements in this document may be forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual