Shyam Metalics and Energy Ltd

Shyam Metalics and Energy Ltd

About the Company:

Shyam Metalics and Energy Ltd is a Leading integrated Metal producing company based in India with a focus on Long steel Products and Ferro alloys.

Company is one of the leading players in terms of their long steel product and pellet capacity, amongst the largest producer of Ferro alloys domestically and the 4th largest player in the sponge iron industry terms of their annual installed capacity.

Company has multiple sale points across the steel value chain and currently operate two “ore to metal” integrated steel manufacturing plants, one in Sambalpur, Odisha and one in Jamuria, West Bengal.

As of May 31, 2018, Company had a workforce of 7,636 personnel which included 4,186 whole time employees and 3,450 contract employees.

Company has tie ups with 22 distributors, who stock and sell their finished products, across 13 states and one union territory.

 

Company’s Products:

Shyam Metalics primarily produce long steel products such as iron pellets, sponge iron, steel billets, TMT and structural products, and ferro alloys with a specific focus on high margin products such as customised billets and specialised Ferro alloys for special steel applications.

Company’s TMT and structural products are sold under the brand “SEL”. Company is also in the process of further diversifying their product portfolio by entering into the segments of cement and ductile iron pipes.

 

Product wise Revenue & Percentage wise Contribution: 

 

Company’s Manufacturing Facilities:

Shyam Metalics operates 3 manufacturing plants, one in Odisha and two in West Bengal.

The aggregate installed metal capacity of the manufacturing plants is 2.90 MTPA (comprising of intermediate and final products).Company’s manufacturing plants also include captive power plants with an aggregate installed capacity of 164 MW.

The Odisha manufacturing plant caters to customers in the southern and western India whereas the West Bengal manufacturing plants caters to customers in northern and eastern India.

 

Company’s Installed Capacity & Capacity Utilization: 

 

Expansion in the Existing Manufacturing Facilities:

Company is in the process of adding fresh capacities to their manufacturing plants and captive power plants and diversifying into related segments.

Post completion of these capacity expansions the aggregate installed metal capacity of their manufacturing plants and the captive power plants shall increase from 2.90 MTPA to 6.78 MTPA (comprising of intermediate and final products) and 164 MW to 224 MW respectively.

 

Connectivity for the Manufacturing Facilities:

Company’s Manufacturing plants are well connected by Roads, Railways and Ports.

The Sambalpur and Jamuria manufacturing plants have “captive railways sidings” which enable them to transport the raw materials and their products in a cost and time effective manner.

Shyam Metalics is one of the few integrated metal producing companies with captive railway sidings.

 

Company’s Customers:

Domestic customers include Jindal Stainless Limited, Jindal Stainless (Hisar) Limited, The Dhamra Port Company Private Limited, Steel Authority of India Limited and JSW Steel Limited.

International customers include Dahuti International and Asia Steel & Metals Limited.

 

Management Team:

  1. Mr. Mahabir Prasad Agarwal (Designation: Chairman)
  2. Mr. Brij Bhushan Agarwal (Designation: Vice Chairman and Managing Director)
  3. Mr. Sanjay Kumar Agarwal (Designation: Joint Managing Director)

 

Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 1000.9 2326.7 1932.4 2480.7 3928.1
Net Profit 56.4 103.2 (-76.8) 81.3 529.55

 

Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Shyam Metalics and Energy Ltd 10 18.23 TBA 22.95% 79.43
JSW Steel Ltd 1 25.71 12.14 22.05% 113.91
Tata Steel Ltd 10 128.10 4.44 28.74% 513.30
Jindal Steel & Power Ltd 1 (15.38) NA (5.27%) 318.46
Tata Sponge Iron Ltd 10 91.48 10.75 14.28% 640.60

 

IPO Details:

Details Info
Issue Opens on Will be Updated
Issue Closes on:. Will be Updated
Issue Price Will be Updated
Face Value Rs.10
Minimum Lot Will be Updated
Minimum Investment Will be Updated
Issue Constitutes Will be Updated
Issue Size Will be Updated
Market Cap Will be Updated
Listing at NSE & BSE
Equity Shares Offered Will be Updated
Equity Shares Prior to the Issue 23,36,10,100
Equity Shares after the Issue Will be Updated

 

Important Dates:

Finalization of Basis of Allotment Will be Updated
Initiation of Refunds Will be Updated
Credit of Equity Shares: Will be Updated
Listing Date: Will be Updated

 

Subscription Details: (Will be Updated)

(Subscription-Category-Wise (no. of times) Till time : 00:00) Shares Offered Day-1 Day-2 Day-3
QIB
NII
Retail
Employee
TOTAL

 

IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
18.23 Will be Updated 22.95% 79.43

 

Check IPO Allotment Status:

Karvy Website (Click on the Below Link)

http://kosmic.karvy.com:81/ipotrack/

 

Company Contact Info:
Shyam Metalics and Energy Ltd
Trinity Tower, 7th Floor
83, Topsia Road, Kolkata – 700046
West Bengal
Tel: +91 33 4016 4000
Fax: +91 33 4016 4025
E-mail: compliance@shyamgroup.com
Website: www.shyammetalics.com

 

IPO Registrar Info:
Karvy Computershare Private Limited
Karvy Selenium, Tower B
Plot 31-32, Gachibowli
Financial District, Nanakramguda
Hyderabad 500 032
Tel: +91 40 6716 2222
Investor email: shyammetalics.ipo@karvy.com
Website: http://karisma.karvy.com