Manaksia Coated Metals & Industries Ltd · NSE:MANAKCOAT
Manaksia Coated Metals & Industries — Q1 FY25 Earnings Presentation
49 slides from Manaksia Coated Metals & Industries's earnings presentation, Aug 12, 2024
Slide 1: Stock exchange cover letter for revised earnings presentation
Sec/Coat/033/FY 2024-25 Dated : 12.08.2024 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- 400051 Scrip Code:
Slide 2: Q1 FY25 Investor Presentation
Manaksia Coated Metals & Industries Limited Q1 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: Scaling New Heights: 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 Upgraded from one star to Diversifying Enhanced global 3 star export house
Slide 5: Stronger Standing: 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 6: Company Overview
Company Overview ww
Slide 7: 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 8: Exploring MCMIL: 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 Galvanized Steel Of Pre-painted Contractual Employees Coils Steel Coils W
Slide 9: 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 Manaksia Ltd
Slide 10: 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 11: Strategically Located 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 12: Geographical Diversity: 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 13: BIS Certification: Benchmarking Product Excellence
BIS Certification: Benchmarking Product Excellence Investor Presentation 12
Slide 14: Proven Quality: MCMIL's Strong Certifications
Proven Quality: MCMIL's Strong Certifications ISO 9001:2015 ISO 14001:2015 ISO 45001:2018 Three Star Export House Investor Presentation 13
Slide 15: Business Overview
Business Overview al
Slide 16: Overview Of Products Portfolio
Overview Of Products Portfolio Pre-painted Metal Sheets & Coils Galvanised Steel Sheets & Coils Investor Presentation 15
Slide 17: Pre-painted Metal Sheets & Coils
Pre-painted Metal Sheets & Coils o Pre-painted Metal 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 18: 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 19: 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 20: Total Sales Quantitative Performance
Total Sales Quantitative Performance Total Volume Pre-Painted Steel Coils Galvanised steel coils In MTPA 89,966 74,377 64,028 61,479 50,458 34,535 29,493 28,487 23,919 24,642 18,643 5,999 FY22 FY23 FY24 Q1 FY25 The company successfully shifted its focus towards achieving a higher volume of Pre-paint
Slide 21: Export Vs. Domestic Sales - Quantitative Breakdown
Export Vs. Domestic Sales - Quantitative Breakdown In % In % In % FY22 FY23 FY24 Q1 FY25 18.46 25.93 31.16 48.00 52.00 68.84 74.07 81.54 Domestic Revenue Export Revenue In MTPA Particulars FY22 FY23 FY24 Q1 FY25 Domestic Sales Quantity 33,295 60,648 61,929 18,888 Export Sales Quantity 30,733 13,729
Slide 22: Management Overview
Management Overview ww
Slide 23: 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 24: 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 25: Industry Overview
Industry Overview
Slide 26: 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 27: 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 28: Financial Overview
Financial Overview a
Slide 29: Q1 FY25 Standalone Performance Highlights
Q1 FY25 Standalone Performance Highlights Total Income EBITDA Reported Net Profit 195.36 14.77 3.04 11.72 175.93 0.19 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 All Figures In ₹ Cr & Margin In % Investor Presentation 28
Slide 30: 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 & Margin In % Investor Presentation 29
Slide 31: Q1 FY25 & FY24 Standalone Result Highlights
Q1 FY25 & FY24 Standalone Result Highlights In ₹ Cr Particulars Q1 FY24 Q1 FY25 Y-O-Y FY23 FY24 Y-O-Y Revenues 171.70 193.78 651.61 739.62 Other Income 4.23 1.58 5.23 6.18 Total Income 175.93 195.36 11.04% 656.83 745.80 13.54% Raw Material costs 141.81 144.18 515.92 590.29 Employee costs 4.03 4.16 1
Slide 32: Consolidated Key Financial Highlights
Consolidated Key Financial Highlights Total Income EBITDA Net Profit EBITDA Margin Net Profit Margin 56.87 746.18 7.99 7.62 656.30 657.34 43.39 6.61 38.12 5.80 35.89 449.07 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 33: Product-Wise Revenue Breakdown
Product-Wise Revenue Breakdown Total Revenue Prepainted Steel Coils Galvanizing Steel Coils Others In MTPA 739.65 647.74 651.84 510.62 438.60 307.22 322.50 202.07 193.78 180.42 151.17 32.82 26.96 41.66 18.02 0.95 FY22 FY23 FY24 Q1 FY25 The company's value-added pre-painted steel coils have emerged a
Slide 34: Export Vs. Domestic – Revenue Breakdown
Export Vs. Domestic – Revenue Breakdown In % In % In % In % FY22 FY23 FY24 Q1 FY25 21.55 25.93 32.64 49.82 50.18 67.36 78.45 74.07 Domestic Revenue Export Revenue In ₹ Cr Particulars FY22 FY23 FY24 Q1 FY25 Domestic Revenue 327.16 512.97 498.25 143.53 Export Revenue 320.58 138.87 241.43 50.25 Total 6
Slide 35: 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 36: 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 37: 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 38: 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 39: Stock Data
Stock Data As on 08-08-2024 As on 31-03-2024 NSE: MANAKCOAT BSE: 539046 | ISIN: INE830Q01018 Shareholding Pattern Share Price ₹ 61.40 Market Capitalization ₹ Cr 456.01 30.81% Promoter & Promoter Group No. of Share Outstanding 7,42,69,050 Face Value ₹ 1.00 Public 69.19% 52 Week High ₹ 72.87 52 Week L
Slide 40: The Way Forward
The Way Forward
Slide 41: Production Capacity
Production Capacity Colour Coated Steel Galvanized Steel Cold Rolled Steel FY26 FY25 FY26 190,000 MTPA 180,000 MTPA 300,000 MTPA Capacity increased by – 121% Capacity increased by – 36% (CRM COMPLEX) (New CCL to be installed of capacity Conversion to Galvalume and (CRM HITACHI) increase in capacity
Slide 42: Galvanizing Infrastructure: Transforming GI to GL (Phase 1- Q2 FY25)
Galvanizing Infrastructure: Transforming GI to GL (Phase 1- Q2 FY25) Transition from manufacturing Galvanized steel to Aluminium-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 & Be
Slide 43: Aluminum Zinc Coating: Boosted Demand, Reduced Costs, Competitive Edge
Aluminum Zinc Coating: Boosted Demand, Reduced Costs, Competitive Edge Aluminum Zinc Coating Advantages: • Demand for the Aluminum Zinc Coating is growing at a significantly higher rate compared to galvanized steel. • It has greater market acceptability than galvanized steel. • There are fewer compe
Slide 44: Investment - Other Infrastructure (Phase 1 - FY25)
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 45: CRM Complex (Phase 2 - FY26)
CRM Complex (Phase 2 - FY26) 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: • HR
Slide 46: New Color Coating Line – CCL 2 (Phase 2 - FY26)
New Color Coating Line – CCL 2 (Phase 2 - FY26) Thickness Range : Expected line Capacity: 0.3mm - 1.2mm 120,000 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 47: 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 48: Building A Better Tomorrow: 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 49: 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
Manaksia Coated Metals & Industries — Q1 FY25 Earnings Presentation on 6ix