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Investor Presentation | Q2 FY27 Shyam Metalics & Energy Limited Leading Steel Producer Efficient Working Capital AA+ CRISIL, Stable 18.49 MTPA Combined Production Capacity Self-Funded Growth, Value-Led Future
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Page 2 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 any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, Process or completeness.
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Page 3 Table of Contents 1 2 Capacity Expansion3 Financial Performance4 Company Overview Products and Capabilities Strategy & Guidance5 ESG6 Annexures7
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Company Overview 01
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Page 5 Shyam Metalics at a Glance One of India's fastest-growing integrated multi metal producers Among Top 5 Coal based Sponge Iron Players Leading Integrated Multi Metal Producer in India Among India’s largest multi metal producer with fully integrated operations “Ore to Metal” Integration 2 Captive Railway Sidings & 19 dedicated Railway Rakes for cost-efficient raw material logistics Strategic Location Advantage Proximity to Mineral Belts, National Highways and Ports – minimises freight costs Among Top 10 Steel Producers CRISIL RATINGS Long Term AA+ Short Term A1+ Outlook Stable SHIFT TOWARDS HIGHER VALUE ADDED PORTFOLIO Commodity Focused Player Integrated Multi-Metal, Value-Added Producer Bulk Sponge Iron Pellets Billets Stainless Wires & Bright Bars Aluminium Foils & Fins SBQ CR Coils/Sheets Railway Wagons Largest Aluminium Foil Exporter from the country 467 MW Total power generation ~80% of Captive Power in Q2 FY27 18.49 MTPA Combined Production CapacityScaling Rapidly to Emerge as the Industry’s Leading Player Coal Supply Security Phutamura coal block: ~170 million tonnes estimated reserves for long-term supply. Production expected July 2027. Pig Iron 18 MW Renewable Power
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Page 6 Why Invest in Shyam Metalics? Self funded growth, cash discipline, strong execution track record (20+ years) and a shift towards higher-value products create a compounding platform. 01 Among Top 10 steel producer On course to become a leading steel producer. 02 Self-funded growth Negligible net debt, supporting expansion through the cycle. 03 20+ years of execution track record Scaled with discipline and remained PAT positive throughout. 04 2.3x Revenue & 2.8x EBITDA by FY31 Clear ambition to multiply the operating platform by FY31 and beyond. 05 ~210% return since IPO Clear ambition to multiply the operating platform by FY31 and beyond. . 06 Higher-margin value-added products Portfolio mix shifting towards value-added products with higher margin profile. Investment case: scale + discipline + value-added mix backed by self-funded growth and strong execution track record
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Page 7 The Transformation Playbook From commodity to value-added leader – shift in mix yielding better margins Pre-2005 Foundation o Incorporation of Shyam SEL and Power Ltd. o Incorporation of Shyam Metalics and Energy Limited o Mangalpur Plant – Sponge Iron commercial production 2010–15 Scale-Up o Sambalpur & Jamuria – Commercial production began o Complete integration of Sponge Iron, Billets, and Ferro Alloys o Captive Railway Siding & 2nd Captive Power o Commissioned first Ferro Alloy unit 2016-21 IPO & Expansion o Capacity & captive power expansion o Ventured into TMT & Wire Rod o Launched Aluminium Foil line (4000 TPA) o Listed on NSE & BSE (IPO oversubscribed ~121 times) o Total Capacity – 5.2 MTPA 2022-24 Diversification with New Verticals o Expanded into Stainless Steel, Aluminium Foil, TMT Bar, Roofing Sheets, colour-coated/galvalume sheets o Metal capacity surpassed 15 MTPA 2025-26 Value Leader o Battery foil and Aluminium FRP o Railway Wagons o SEL Tiger gains traction o 83% power met by captive generation o Commissioning of blast furnace o CRM 2027-31 Vision 2031 o Revenue: ~Rs. 42,500+ Cr (~18% CAGR/~2.3x) o EBITDA: ~Rs. 6,600+ Cr (23% CAGR) o Capacity: ~27 MTPA o RoE: 16%; RoCE: 24% o Net Cash Positive o Value-added downstream products o Coal supply security: Phutamura mining expected to commence in July ’27 Debt-Free Growth Engine Higher EBITDA/Tonne Lower Cyclicality Longer Contracts Better RoE/RoCE Stronger Cash Flow ~3x Return since IPO
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Page 8 Growth Roadmap – FY31 EBITDA (₹ Cr) Revenue (₹ Cr) 6,297 18,552 42,647 FY21 FY26 FY31E 1,394 2,333 6,636 FY21 FY26 FY31E ~16% / 24% RoE / RoCE Net Cash +ve Negative Net Debt despite substantial growth capex Debt to Equity capped at 0.5x 780+ MW Total Power Generation Cost of in-house power (₹2.44 Per Unit) is significantly less than grid power which costs ₹5-7 Per Unit ~2.3x / 2.8x Growth in Revenue / EBITDA ~₹8,800 Cr Capex to be deployed over next 3-4 year, funded by internal accruals – no external debt ~16% EBITDA Margin Leading Steel Producer Scaling Rapidly to Emerge as Coal Supply Security Phutamura Coal Block ~170 million tonnes estimated reserves to support captive power and steel. Production expected from July 2027.
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Page 9 Enhancing Shareholder Value 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 IPO dividend amounting to Rs. 714 crore being 11% of the aggregate PAT of Rs. 6,410 crore Dividend Payout (%) Share Price Since IPO FY21 FY22 FY23 FY24 FY25 FY26 5% 11% 14% 12% 14% 12% 210% 46% 131% -50% 0% 50% 100% 150% 200% 250% 24-Jun-21 24-Feb-22 24-Oct-22 24-Jun-23 24-Feb-24 24-Oct-24 24-Jun-25 24-Feb-26 24-Oct-26 SHYAMMETL NIFTY 50 NIFTY METAL Particulars (in Rs) SHYAMMETL NIFTY50 NIFTY METAL Price on 24-Jun-21 (IPO) 376.15 15,790.45 5090.90 Price on 30-Oct-26 1,165.00 23,053.10 11,784.90 Shareholder returns of 210% since IPO, outperforming benchmark indices including the Nifty 50 and Nifty Metal
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Page 10 Shareholding Information Shareholding Breakup Stock Information (30 Sep’26) NSE Symbol SHYAMMETL BSE Ticker 543299 Market Cap (Rs Cr) 29,578 Shares Outstanding (Cr) 27.91 Key DII Holders Key FII Holders Mutual Funds – 1.76% AIF – 0.53% Insurance Companies – 5.42% NBFC – 3.45% Foreign Portfolio Investors – 5.29% Others – 8.96% Promoter - 74.59% Groww MF Invesco MF ADIAFidelity Investments Lion Global Investors WisdomTree Investments 01 02 03 04 05 06 01 02 03 04 LIC of India 07 PGIM SBI MFTata AIA Life Capitalmind MF 08 JM MF
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Page 11 Tenets Followed at Shyam Metalics 01 02 04 06 07 08 09 10 11 05 Custodians of investor trust and capital CAPEX funded by accruals; Debt only for working capital Capex phased to cash flows Ensuring financial discipline Start small, gain Industry insights, then commit larger capital Well insulated business model mitigates import risks from countries like China Debt-to-Equity capped at 0.5x Capital allocation: 70:20:10 Growth, Liquidity, Dividend Plan meticulously before significant moves Metallurgy expertise anchors decisions Sustainability and continuity build resilience Best-in-class technology and infrastructure drive efficiency & cost leadership
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Page 12 Eminent Promoters & Professional Board of Directors The Management Team is ably assisted by a very strong team of Professionals who have contributed immensely to the growth of the Company Mahabir Prasad Agarwal Chairman Emeritus o An accomplished business leader and a first-generation entrepreneur having more than 50 Years of experience in steel & ferro alloys industries o He has the foresight to lead the Company on a transformational journey and contributing significantly in growth path of the company Brij Bhushan Agarwal Chairman & Managing Director (CMD) o A visionary Business leader and a guiding force for the company having over three decades of experience in the steel and ferro alloys industry o Primarily responsible for strategic planning, future expansion, business development, marketing, human resources and corporate affairs Sanjay Kumar Agarwal Joint Managing Director o Holds a bachelor’s degree in commerce, with honours, from University of Kolkata with over 22 years of vast experience in the steel & ferro alloys industry o Primarily responsible for the Operations / manufacturing of the plants with focus on cost control, production efficiency, competitive procurement of raw materials etc. Deepak Agarwal Director (Finance) & Group CFO o He is an Fellow Member of the Institute of Company Secretaries of India o A techno commercial professional and possessing more than 25 years of experience of steel and ferro alloys industries o Primarily responsible for overseeing the Group’s finance, accounts, legal, direct & indirect taxation and corporate compliance Sheetij Agarwal Whole-time Director & Head - Strategy o Bachelor of Science in Business Administration from D'Amore Mckim School of Business, Northeastern University o Overlooks and spearheads strategy & Business Development at Shyam Metalics and Energy Limited Dev Kumar Tiwari Whole-time Director o He has over 23 years of experience in the steel and ferro alloys industry o He is responsible for project implementation and operations of Sambalpur manufacturing plant
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Page 13 Eminent Independent Board of Directors from Diversified Field Chandra Shekar Verma Ex-Chairman & MD, SAIL o He is a Fellow Member of the Institute of Company Secretaries of India, a Fellow Member of the Institute of Cost & Works Accountants of India o He also holds a Bachelor's degree in Law and Legislature and Master's degree in Commerce and Business Administration o Associated with the company since 2024 Nand Gopal Khaitan Partner at Khaitan & Co o He is registered as an advocate with the bar council of West Bengal since June 20, 1974 o Associated with the company since 2023 Shashi Kumar Ex-Chairman, Coal India Ltd o Associated with the company since 2023 o He holds a B.Sc. from Patna University and a B.Sc. (Hons) in Mining Engineering from the Indian School of Mines, Dhanbad, Ranchi University Kishan Gopal Baldwa Fellow member of ICAI o Associated with the company since 2018 o He holds a bachelor’s degree in commerce from University of Rajasthan o He has been a fellow member of the Institute of Chartered Accountants of India for 38 years and holds a certificate of practice Rajini Mishra Associate member of ICSI o Associated with Shyam Metalics since 2021 o She holds a bachelor's degree from Calcutta University in Botany, and a master's degree in business administration from the West Bengal University of Technology Subrata Bhattacharya Distinguished Metallurgist o A distinguished metallurgist and seasoned corporate leader with over 39 years of extensive experience in the steel and stainless-steel industry o He holds a B.Tech. in Metallurgical Engineering and an M. Tech. in Extractive Metallurgy from NIT Durgapur The company benefits from the guidance of an independent Board comprising seasoned professionals who brings objectivity, governance, expertise and strategic insight
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Page 14 Product Portfolio Our portfolio spans entire metal value chain ensuring quality control and cost competitiveness Core Metal Products Carbon steel TMT Bars Wire Rods Structural Steel Stainless Steel SS Billets SS Bright Bar SS Rebar SS Hot Rolled Bar* SS Wire* SS Wire Rod Flat Steel CR Coils Galvalume Roofing Sheets Pipe HR Coils* Railway Wagons* Page 14 Raw materials Iron Ore Pellets Ferro Alloys Intermediate products Sponge Iron BilletsPig Iron SBQ Wires* Powered by 467 MW of captive power and 18 MW of Renewable Power Aluminium Aluminium Foil Aluminium FRP* EV Battery Foil* Specialty Alloys Ferro Products Low Carbon Ferro Chrome Aluminium Fins* * Upcoming Crash Barrier
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Page 15 Key Corporate Announcements Captive solar project commissioned 8.90 MWp 4.60 MWp CAPEX + 4.30 MWp OPEX Beneficiation plant commissioned 1.5 MTPA Capital investment: ₹150 crore MoU for Maharashtra steel complex 9 MTPA Investment: ₹50,000 crore Phutamura coal block acquisition 51% control Proposed to acquire a 51% controlling stake in Alom Solar Private Limited Total capex is Rs. 360 Cr, with the Company contributing approx. Rs. 183.6 Cr (51%). Expected incremental EBITDA: ~Rs. 400 Cr by FY31. NCLT sanction for SVEPL merger into SSPL Merger approved Appointed date: 1 April 2024 Jamuria, West Bengal Sambalpur, Odisha Chandrapur, Maharashtra Raigarh, Chhattisgarh
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Page 16 Strategically Located – Raw Material & Supply Chain Advantage 7state of the art manufacturing plants spread across 4 states - West Bengal, Odisha, Madhya Pradesh and Jharkhand Vishakhapatnam Paradeep Raw Material Sources are within 250 kms Dhamra Plant Location Captive Railway Sidings Proximity to Ports o Plants are in close proximity to National Highways & Ports o Sambalpur & Jamuria Plants have captive railway sidings Close Proximity to Raw Material Strong Logistics Infrastructure Lower Logistics Cost + = Jamuria SambalpurKharagpur Indore Giridih Pakuria Mangalpur Out of the 1,827 acres land across the 4 states, 1,338 acres occupied by plant operations and 489 acres of available land post implementation of current capex enable 3-5 years of growth runway Coal Supply Security Strategic investment in the newly acquired Phutamura coal block strengthens backward integration and long-term supply Raigarh Chhattisgarh Coal block Coal Supply Security
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Page 17 Global Presence Across 35+ Countries and Expanding Rapidly Nepal USA Bhutan JapanChina Brazil Mexico Turkey Italy Spain Utd.ArabEmir . Bangladesh Singapore South Korea Switzerland Germany United Kingdom Luxembourg Hong Kong Austria Malaysia Philippines Belgium Panama Vietnam Indonesia Czech Republic Ghana Preferred suppliers to large corporations Ferro Chrome Ferro Manganese and Silico Manganese Products 17% Aluminum Foil Products 13% Export Contribution to Revenue in FY26 21% Mankin Industries CCMAJM MTALX Metal Exchange Macsteel International Hoa Phat Dung Quat Steel India’s Leading Foil Exporter Cartonal Italia Taiwan Lithuania Macedonia Ta Chen International, Inc. Carbon Steel 4% Stainless Steel Steel products both upstream and downstream including Angles, Beams, Billets, Channels, SS Wires, Wire Rods, MS Round Coils, Sponge Iron and Pig Iron 66% Latvia Duba Bahrain Thailand Dubai
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Page 18 Moving Towards a Diversified Mix Focused on Value Added Products - Carbon steel total Revenue Mix Sales Volumes (in lakh tonnes) 37% 31% 29% 32% 38% 48% 48% 45% 45% 39% 15% 13% 13% 11% 10% 7% 8%5% 4% 5% FY23 FY24 FY25 FY26 H1 FY27 4% Intermediates Finished Steel Speciality Alloys Stainless Steel Aluminium 20.2 20.6 21.2 28.9 19.1 11.2 13.3 15.1 17.2 8.4 1.8 1.8 1.10.8 0.9 0.50.2 0.2 0.1 FY23 FY24 FY25 FY26 H1 FY27 1.8 2.0 Intermediates Finished Steel Speciality Alloys Stainless Steel Aluminium Growing the contribution of value-added and specialized products Leveraging downstream investments to maximise value capture and customer reach Building a more resilient, higher-margin and less cyclical business model 85% 79% 74% 77% 77%
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Products & Capabilities 02
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Page 20 Stainless Steel: A High Growth Vertical Note - Acquisition completed in Oct’23 - Post expansion capacity Stainless Steel Vertical Overview – On Track to become 2nd Largest Player Forayed into Stainless steel through acquisition of Mittal Corp 2 Manufacturing units at Pithampur, Madhya Pradesh with ~35 Acres of land Rolling Mill is developed by Italian player Danieli in Madhya Pradesh 0.15 MTPA Installed Capacity for finished stainless steel Leading Player in Stainless Steel Long Products in India Wide product range across series 200, 300, 400 and Duplex Expanding Footprint in Stainless Steel 0.85 0.75 0.03 0.02 SS Billet Finished SS Bright bars Wire rods 0.12 0.15 0.03 0.02 Business Areas GoI has issued circular for use of stainless steel for construction of national highway Bridges and centrally sponsored projects in marine environment susceptible to sever corrosion Stainless Steel Wire Rods & Bright Bars Series 200 Stainless Steel Kitchen Utensils Series 300 Stainless Steel Automotive, White Goods, Decorative Series 400 Stainless Steel Construction CR and HR expansion at Sambalpur increases capacity and margin-accretive product mix. Post Expansion mixCurrent
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Page 21 Aluminium Division Page 21 Aluminium Foil facility commissioned in Jul’26 FRP facility likely to be commissioned soon Rs. 75 cr Mill with Caster (0.1 MMTPA) Rs. 450 cr Flat Rolled Products (0.06 MMTPA) Rs. 250 cr Aluminium Foil (0.018 MMTPA) (Commissioned) Rs. 25 cr Battery Foil plant (0.005 MMTPA) Strategic Outcomes Bridges demand & supply gap in aluminium flat rolled products Strengthens backward integration Enables self reliance in raw materials for aluminium foil business 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 stabilised plant operations in record time More than 60% of the production utilised for exports Rolling range: 40 to 5 micron with annealing capability, customized as per demand Majorly producing 6-10 micron rolled material Backward integration to increase margins and additional capacities to enhance revenues Total Capex Rs. 550 CrGreenfield expansion Capex Pending Rs. 35 Cr Capex Incurred Rs. 515 Cr
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Page 22 Foray into Wagon Manufacturing The plant to incorporate world class “Uni-Flow” manufacturing layout Developed under step -down subsidiary, Ramsarup Industries Ltd. Phase 1 operations expected to commence soon Wagons types to be manufactured - Flat, Open, Box, Hopper Covered, Tank and Specialised Wagons Strategic entry into rolling stock segment – wagon manufacturing with state-of-the-art greenfield facility at Kharagpur, West Bengal Project supports GoI’s “Make in India” initiative and is part of company’s five-year CAPEX roadmap Greenfield Expansion Capacity2,400 wagons Phase I 2,400 wagons Phase II Capex Pending Rs. 112 Cr Capex Incurred Rs. 88 Cr Total Capex Rs. 200 Cr
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Capacity Expansion 03
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Page 24 Expansion With Strong Focus on Value Added Products Integration has enabled greater control on the operating margins *A sinter plant of 1.2MTPA has been commissioned along with pig iron Iron Pellet Sponge Iron Billets TMT, Structural Steel, Wire Rods & Pipes Speciality Alloys Captive Power (MW) Renewable Power (MW) Stainless Steel Billet Stainless Steel Finished Steel Aluminium Foil FY21 FY22 FY23 FY24 FY25 FY26 H1FY27 Post Expansion 2.40 3.60 4.80 6.00 6.00 6.00 6.00 6.00 1.39 2.11 2.54 2.90 3.05 3.05 3.05 4.10 0.89 0.94 1.69 2.01 2.01 2.01 2.01 2.41 0.82 0.90 1.97 2.07 2.07 2.07 2.07 2.16 0.21 0.21 0.22 0.22 0.22 0.22 0.22 0.24 227 267 267 357 467 467 467 677 5 5 9 9 9 9 18 87 - - - 0.12 0.12 0.12 0.12 0.85 - - - 0.15 0.15 0.15 0.15 0.75 - 0.024 0.024 0.024 0.024 0.024 0.042 0.042 Beneficiation Coke Oven Pig Iron* Parallel Flange Beam Colour Coated Sheets Hot Rolling Mill Aluminium Flat rolled Products Stainless Steel Wires Stainless Steel Bright Bar Railway Wagons SBQ Mill FY25 FY26 H1 FY27 Post Expansion - - 1.5 3.0 0.45 - - 0.7 0.77 1.22 1.22 1.53 - - - 0.4 0.25 - 0.4 0.4 - - - 1.58 - - - 0.06 - - 0.018 0.018 - - 0.025 0.025 - - - 4800 units - - - 0.8 - Future Capacity - Installed Capacity Capacity (MTPA) Capacity (MTPA) Ongoing Capex Update (as of Q2 FY27): Since listing, the Company has incurred Capex of Rs. 9,921 crores, representing 53% of the total planned CAPEX of Rs.18,785 crores. Of this, Rs. 6,671 crores has already been capitalized
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Page 25 Projects Pending Installation & Status of Cost Incurred Particulars Capacities to be Commissioned (Million MTPA) Budgeted Capex (Rs Cr) Capex incurred till 30th Sep (Rs Cr) Pending Capex (Rs Cr) Intermediates: Beneficiation Plant 1.50 150 80 70 Sponge Iron 1.05 400 327 73 Blast Furnace 0.31 610 356 254 Coke Oven 0.25 220 211 9 Billets (heavy structural mill) 0.40 110 20 90 Total Intermediates 3.51 1,490 994 496 Long Products: Parallel Flange Beams 0.40 240 9 231 Steel Wire Drawing 0.09 45 - 45 SBQ Mill 0.80 900 154 746 Total Long Products 1.29 1,185 163 1,022 Flat Products: Hot Strip Mill 1.58 5,400 1,020 4,380 Railway Wagons 4,800 units 200 88 112 Total Flat Products 5,600 1,108 4,492
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Page 26 Particulars Capacities to be Commissioned (Million MTPA) Budgeted Capex (Rs Cr) Capex incurred till 30th Sep (Rs Cr) Pending Capex (Rs Cr) Others: Solar Plant (MW) 87 410 4 406 Captive Power (MW) 210 930 682 248 Railway Siding (No. of lines) 2 90 90 - Total Others 1,430 776 654 Total (A) 9,705 3,041 6,664 Projects Pending Installation & Status of Cost Incurred
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Page 27 Particulars Capacities to be Commissioned (Million MTPA) Budgeted Capex (Rs Cr) Capex incurred till 30th Sep (Rs Cr) Pending Capex (Rs Cr) Stainless Steel Long: Billet Stainless Steel 0.13 130 130 0 Stainless Steel Flat: Stainless Steel Melt Shop 0.60 300 120 180 Stainless Steel Hot Strip Mill 0.60 700 336 364 Stainless Steel Hot Rolling, Annealing & Pickling Line 0.60 800 5 795 Stainless Steel Cold Rolling Mill 0.40 350 68 282 Stainless Steel Precision Cold Rolling Mill 0.10 250 7 243 Stainless Steel Bright Annealing Line 0.50 300 9 291 Total Stainless Steel (B) 2.93 2,830 675 2,155 Ferro Alloys (C) 0.02 60 51 9 Total (B+C) 2.95 2,890 726 2,164 Projects Pending Installation & Status of Cost Incurred
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Page 28 Particulars Capacities to be Commissioned (Million MTPA) Budgeted Capex (Rs Cr) Capex incurred till 30th Sep (Rs Cr) Pending Capex (Rs Cr) Aluminium: Aluminium Mill with Caster 0.10 75 56 19 Battery foil plant 0.01 25 23 2 Aluminium Flat Rolled Product 0.06 450 436 14 Total Aluminium (D) 0.17 550 515 35 Total (E) = (B+C+D) 3.12 3,440 1,241 2,199 Total (A+E) 13,145 4,282 8,863 Projects Pending Installation & Status of Cost Incurred
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Page 29 TOTAL (MTPA) Plant Wise Capacities - Existing: Carbon Steel Note: 1 - A sinter plant is also commissioned along with blast furnace Mangalpur West Bengal Sambalpur Odisha Product –Wise Capacity (MTPA) Jamuria West Bengal Kharagpur West Bengal Speciality Alloys Iron Pellets 3 3 DRI (Direct Reduced Iron) Pig Iron / Blast Furnace TMT, SRM, WRM Billets Coke Oven Color Coated Captive Power 6 0.22 3.05 2.01 1.22 2.07 0.45 0.40 467 MW 20 MW15 MW184 MW248 MW 0.11 0.07 0.04 1.35 1.49 0.06 0.15 0.87 1.14 0.771 1.15 0.45 0.40 0.92 0.45 Renewable Power* 18 MW9 MW4 MW * 5.1 MW Wind Power in Maharashtra
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Page 30 Plant Wise Capacities - Post Expansion: Carbon Steel Note: 1 - including 0.4 billet for HSM Mangalpur West Bengal Sambalpur Odisha Product –Wise Capacity (MTPA) Jamuria West Bengal Kharagpur West Bengal Speciality Alloys Iron Pellets 0.11 3 0.06 3 DRI (Direct Reduced Iron) 0.07 Billets TMT, WRM, SRM 1.95 0.06 1.27 0.92 1.95 1.141 1.15 0.15 0.09 Pig Iron / Blast Furnace 0.550.98 Parallel Flange Beam 0.4 15 MWCaptive Power Plant (including solar) 378 MW 60 MW324 MW Colour Coated Coke Oven 0.4 0.250.45 Railway Wagons Hot Rolling Mill 4800 units 1.58 TOTAL (MTPA) 6 0.24 4.1 1.53 2.41 2.16 0.4 0.4 0.7 777 MW 4800 units 1.58 SBQ 0.8 0.8
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Page 31 Plant Wise Capacities - Existing & Post Expansion: Stainless Steel Sambalpur Odisha Pithampur Madhya Pradesh SS Melt Shop Billets 0.6 0.13 Stainless HR Stainless SS Bright Bars 0.025 Stainless CR 0.12 SS Wire Rods 0.25 0.6 0.6 0.4 0.15 0.025 0.0180.018 0.4 TOTAL (MTPA) Product –Wise Capacity (MTPA) to be commissioned XX XXXX existing Total capacities post expansion 0.6 0.15
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Page 32 Synopsis of CAPEX & Growth - Carbon Steel Carbon Steel: Intermediate Products Pellet 6.00 6.00 1.18 1.13 -4% a. Sponge Iron 3.05 4.10 0.90 1.05 b. Pig Iron 1.22 1.53 0.66 - c. Billets 2.01 2.41 0.15 0.10 d. HR Coil - 1.58 - 1.09 Total (a+b+c+d) 6.28 9.62 53% 2.89 3.37 17% Finished Steel Long Steel Products 2.07 2.16 1.55 1.90 Flat Steel Products 0.40 0.40 0.17 0.39 SBQ - 0.8 - 0.78 Total 2.47 3.36 36% 1.72 3.07 78% Railway Wagons - 4,800 units 100% - 4,704 units 100% Speciality Alloys 0.22 0.24 9% 0.22 0.09 -59% Power (MW) 467 677 45% Projects coming up which are both forward and backward integrated and shall be both value and margin accretive for the company Particulars Products Existing Capacity (in MMTPA) Capacity Post- Expansion (in MMTPA) Increase by Growth Present Sales in Volume (MMTPA) FY26 Expected Sales in Volume (MMTPA) FY31E
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Page 33 Synopsis of CAPEX & Growth - Stainless Steel & Aluminium Stainless Steel: Intermediate Products Stainless Steel Billets 0.12 0.85 608% - - - Finished Steel SS Long Products 0.15 0.15 0.09 0.13 SS Flat Products 0.0 0.60 100% 0.48 Total 0.27 1.60 493% 0.09 0.61 578% Aluminium: Intermediate Products Flat Rolled Products (Metric TPA) - 60,000 100% - - Finished Products Aluminium Foil (Metric TPA) 42,000 42,000* 75% 21,620 47,100 Battery Foil 5,000 Total 42,000 47,000 96% 21,620 47,100 118% Projects coming up which are both forward and backward integrated and shall be both value and margin accretive for the company. Particulars Products Existing Capacity (in MMTPA) Capacity Post- Expansion (in MMTPA) Increase by Present Sales in Volume (MMTPA) FY26 Expected Sales in Volume (MMTPA) FY31E Growth Note: *Note: *rolling capacity is expected to be achieved based on foil stock rolled on an average of 9 micron
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Page 34 Energy Cost through Captive Power: ~ 80% o Power consumed by the plants are primarily produced in-house by the captive power plants and comprises of green power o Captive power plants majorly utilise waste, rejects, heat and gas generated from the operations to produce electricity o 80% of Power sourced from captive power plants at Rs. 2.44/KWH while Average Power Cost including Grid Power is Rs. 3.05/KWH o Cost of in-house power is significantly less than grid power which costs Rs. 5-7 Per Unit Sambhalpur 6 Turbines Total Capacity of 248 MW Jamuria 4 Turbines Total Capacity of 184 MW Mangalpur 1 Turbine Total Capacity of 15 MW Kharagpur 1 Turbine Total Capacity of 20 MW Post Expansion Capacity (MW) Captive Power Plant Expansion Plans (MW) Captive Power to Total Power Consumed Cost of Per Unit of Captive Power (Rs./KWH) Renewable Power Plant Expansion Plans (MW) 82% 74% 78% 83% 81% 80% FY22 FY23 FY24 FY25 FY26 H1 FY27 2.12 3.6 2.36 2.43 2.66 2.44 FY22 FY23 FY24 FY25 FY26 H1 FY27 5 87 100 18 105 Exsting Capacity Proposed Fresh Capacity Post Expansion Wind Solar 328 274 15 60 100 5 Sambalpur Jamuria Mangalpur Ramsarup Solar Wind Total Capacity Post Expansion – 782 MW 467 677210 Existing Capacity Proposed Fresh Capacity Post Expansion 5
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Financial Performance 04
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Page 36 Shift to Straight-Line Depreciation Ensures Stable Return Profile Adopting widely accepted industry practice to depict real picture Earlier Written Down Value Higher initial depreciation, declining over time SHIFT Effective this quarter New method Straight-Line Method Uniform annual depreciation over useful life REVISED FY31 GUIDANCE 16% ROE Return on Equity 24% ROCE Return on Capital Employed
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Page 37 Revenue (Rs. Cr) Q2 FY27 Highlights 4,467 5,455 5,960 Q2 FY26 Q1 FY27 Q2 FY27 0.26 0.33 xx Y-o-Y Q-o-Q +9%+33% EBITDA (Rs. Cr) 609 812 857 Q2 FY26 Q1 FY27 Q2 FY27 0.26 0.33 xx Y-o-Y Q-o-Q +6%+41% PAT (Rs. Cr) 260 351 511 Q2 FY26 Q1 FY27 Q2 FY27 0.26 0.33 xx Y-o-Y Q-o-Q +46%+96%
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Page 38 Consolidated Profit & Loss Statement Particulars (Rs. Cr) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Revenue from Operations 5,960.2 4,467.4 33.4% 5,455.1 9.3% 11,415.3 8,890.4 28.4% Cost of Material Consumed 4,400.6 3,290.2 4,214.5 8,615.1 6,580.5 Purchases of stock in trade 10.4 52.5 0.0 10.4 56.0 Change in Inventories of Finished goods & Work in Progress -180.9 -75.5 -305.0 -486.0 -180.2 Total Raw Material 4,230.0 3,267.2 3,909.5 8,139.5 6,456.2 Gross Profit 1,730.2 1,200.2 44.2% 1,545.6 11.9% 3,275.8 2,434.2 34.6% Gross Profit Margin (%) 29.0% 26.9% 28.3% 28.7% 27.4% Employee Expenses 145.9 124.1 135.6 281.5 247.1 Other Expenses 758.1 537.7 639.1 1,397.2 1,064.7 Impairment Loss 3.2 -1.1 5.6 8.8 3.3 Operating EBITDA 823.0 539.4 52.6% 765.3 7.5% 1,588.3 1,119.1 41.9% Operating EBITDA Margin (%) 13.8% 12.1% 14.0% 13.9% 12.6% Other Income 34.2 69.1 47.1 81.2 122.7 EBITDA 857.2 608.6 40.9% 812.4 5.5% 1,669.5 1,241.8 34.4% Depreciation 110.0 211.2 264.9 374.9 415.7 EBIT 747.1 397.4 547.5 1,294.6 826.1 Finance Cost 88.7 50.3 78.3 167.0 90.1 Share in Profit/(Loss) of Associate and Joint Venture -0.1 0.0 0.0 -0.1 0.0 Profit before Tax 658.4 347.1 469.2 1,127.6 736.0 Tax 147.4 86.6 118.5 279.7 184.9 Profit After Tax 511.0 260.5 96.2% 350.7 45.7% 861.7 551.1 56.4% PAT Margin (%) 8.6% 5.8% 6.4% 7.5% 6.2% EPS (As per Profit after Tax) 18.36 9.36 12.60 30.96 19.81 EBITDA /TON (Rs ) Metallics Carbon Steel CR Coil/Sheet Stainless Steel Speciality Alloys Aluminium Q2 FY27 3,478 7,446 8,394 10,058 20,090 48,578 Q1 FY27 3,393 7,688 8,444 10,194 21,809 53,661
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Page 39 Consolidated Balance Sheet Statement Assets Unaudited Audited Non-Current Assets Property, plant and equipment 8,880.5 7,968.7 Right-of-use assets 106.5 106.5 Capital work-in-progress 3,019.9 2,791.9 Intangible assets 44.8 58.9 Financial Assets i) Investments 1,531.8 1,156.1 ii) Loans 0.0 iii) Other financial assets 72.8 70.2 Non Current Tax Assets 184.0 170.6 Other non-current assets 694.2 501.9 Total Non-Current Assets 14,534.6 12,824.8 Current Assets Inventories 5,287.2 4,501.5 Financial Assets i) Investments 22.4 426.0 ii) Trade receivables 1,193.5 904.6 iii) Cash and cash equivalents 22.1 97.1 iv) Bank balances other than (iii) above 10.6 8.5 v) Loans 6.3 3.7 vi) Other Financial Assets 44.1 25.4 Other current assets 2,074.2 1,269.3 Total Current Assets 8,660.3 7,236.1 Total Assets 23,194.9 20,060.8 Equity and Liabilities Unaudited Audited Equity share capital 278.4 278.3 Other equity 12,070.2 11,244.5 Total Equity 12,348.6 11,522.8 Non-controlling interest 861.4 834.4 Non - Current Liabilities Financial Liabilities i) Borrowings 81.3 97.0 ii) Lease liabilities 22.6 20.6 iii) Others financial liabilities 145.6 120.0 Provisions 41.6 37.7 Deferred tax liabilities (net) 187.4 148.5 Other non-current liabilities 0.1 0.2 Total Non-Current Liabilities 478.6 424.0 Current Liabilities Financial Liabilities i) Borrowings 1,250.6 884.3 ii) Lease Liabilities 3.6 3.2 iii) Trade Payables - (a) Total Outstanding dues of micro enterprises and small enterprises 48.0 36.6 (b) Total Outstanding dues of other than micro enterprises and small enterprises 6,790.8 4,828.5 Other Financial Liabilities 874.9 1,018.5 Other Current Liabilities 419.4 374.2 Provisions 17.8 16.0 Current Tax Liabilities (Net) 101.3 118.5 Total Current Liabilities 9,506.3 7,279.6 Total Equity and Liabilities 23,194.9 20,060.8 Particulars (Rs. Cr) 30 Sept-26 31 Mar-26 Particulars (Rs. Cr) 30 Sept-26 31 Mar-26
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Page 40 Strong Q2 FY27 Performance EBITDA Rs. 857 crores Operating EBITDA Rs. 823 crores Revenue Breakup Metallics1 10.7% 31.8% 11.0%5.9% 8.0% 18.3% 4.5% 8.9% 0.9% Speciality Alloys Carbon Steel CR Coil & Sheet Sponge Iron Iron Pellets Pig Iron Aluminium Foil Stainless Steel Others Steel Products 76% Rs. 5,960 crores Rs. 511 crores Revenue from Operations Profit After Tax 33.4% YoY 40.9% YoY 52.6% YoY 96.2% YoY 6,77,423 8,48,575 9,43,020 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q +11.1%+39.2% Carbon Steel (Long)2 4,26,063 4,04,858 4,32,553 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q +6.8%+1.5% Carbon Steel (Flat)3 38,870 49,539 81,493 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q +64.5%+109.7% Sales Volumes (in Tonnes) Speciality Alloys 54,133 51,479 56,683 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q +10.1%+4.7% Stainless Steel 24,720 23,237 29,847 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q +28.4%+20.7% Aluminium 5,274 5,606 5,434 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q -3.1%+3.0% Note: 1. Includes Iron Pellets, Sponge Iron and Pig Iron 2. Includes Steel Billets and Long Steel Products, 3. Includes CR coil/sheets, Crash barrier and HR Tube/Pipe,
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Page 41 H1 FY27 Performance Highlights EBITDA Rs. 1,670 crores Operating EBITDA Rs. 1,588 crores Revenue Breakup 10.4% 32.8% 9.5%6.8% 7.3% 19.4% 4.7% 8.2% 0.9% Speciality Alloys Carbon Steel CR Coil & Sheet Sponge Iron Iron Pellets Pig Iron Aluminium Foil Stainless Steel Others Steel Products 77% Rs. 11,415 crores Rs. 862 crores 14% ROE 20% ROCERevenue from Operations Profit After Tax 28.4% YoY 34.4% YoY 41.9% YoY 56.4% YoY Metallics1 Carbon Steel (Long)2 Carbon Steel (Flat)3 Sales Volumes (in Tonnes) Speciality Alloys Stainless Steel Aluminium 13,68,252 17,91,595 H1 FY26 H1 FY27 Y-o-Y +30.9% Note: 1. Includes Iron Pellets, Sponge Iron and Pig Iron 2. Includes Steel Billets and Long Steel Products, 3. Includes CR coil/sheets, Crash barrier and HR Tube/Pipe, 8,32,834 8,37,411 H1 FY26 H1 FY27 Y-o-Y +0.5% 71,479 1,31,032 H1 FY26 H1 FY27 Y-o-Y +83.3% 1,10,709 1,08,162 H1 FY26 H1 FY27 Y-o-Y -2.3% 44,533 53,084 H1 FY26 H1 FY27 Y-o-Y +19.2% 10,714 11,040 H1 FY26 H1 FY27 Y-o-Y +3.0%
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Page 42 Per Tonne Realizations Speciality Alloys 95,253 1,06,613 1,12,792 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q 91,401 1,09,851 H1 FY26 H1 FY27 Y-o-Y Carbon Steel (Flat)2 73,091 86,815 85,111 Q2 FY26 Q1FY27 Q2 FY27 Y-o-Y Q-o-Q 72,582 85,755 H1 FY26 H1 FY27 +16.4% -2.0% Y-o-Y Carbon Steel (Long)1 41,510 45,777 43,723 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q 43,144 44,716 H1 FY26 H1 FY27 Y-o-Y Stainless Steel 1,31,029 1,75,925 1,77,156 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q 1,34,360 1,76,617 H1 FY26 H1 FY27 Y-o-Y Note – 1. per tonne realizations of Carbon Steel inclusive of Steel Billets and Long Steel Products, 2. per tonne realisations including realisation of CR coil/sheets, Crash barrier and HR Tube/Pipe All figures in Rs +18.1% +35.2% +0.7% +31.5% +3.6%-4.5%+5.3%+20.2%+5.8%+18.4%
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Page 43 Per Tonne Realizations Metallics* 19,346 22,399 20,325 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q 19,072 21,307 H1 FY26 H1 FY27 +11.7%+5.1% -9.3% Y-o-Y Aluminium Foil 3,88,570 4,83,467 4,96,215 Q2FY26 Q1FY27 Q2FY27 Y-o-Y Q-o-Q 3,77,082 4,89,742 H1 FY26 H1 FY27 +29.9%+27.7% +2.6% Y-o-Y All figures in Rs *Metallics Includes Iron Pellets, Sponge Iron and Pig Iron
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Page 44 Strong Debt Profile 785 534 951 577 768 957 1,333 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Gross Debt 246 -477 -562 -1,514 -1,062 -378 192 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Net Debt 0.21 0.09 0.13 0.06 0.07 0.08 0.11 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Gross Debt / Equity 0.18 -0.18 0.30 -0.96 -0.57 -0.16 0.12 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Net Debt / EBITDA Gross Debt (Rs. Cr) Net Debt^ (Rs. Cr) Gross Debt / Equity Net Debt / EBITDA Note- ^ Net Debt comprises of Gross Debt less liquid long and short-term investments and cash and cash equivalents
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Page 45 Strong Balance Sheet - Flexibility of Growth Operating Efficiency Drives Better Working Capital Management Conservatively Leveraged + Disciplined Capital Allocation strategy = Better Return Metrics Working Capital (days) 119 18 153 Sep-26 Inventory Days Debtor Days Creditor Days -16 20% 14% ROCE ROE Sep'26 Sep'26 Return ratios (%) Strong Balance Sheet to support Capex, Growth and Business Cycles
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Page 46 Disciplined Capital Allocation Cashflow from Operations (Rs. Cr) CAPEX (Rs. Cr) Cash & Cash Equivalents (Rs. Cr) CAPEX as % of Cashflow from Operations 1,262 1,541 2,092 1,830 1,238 1,115 FY22 FY23 FY24 FY25 FY26 H1FY27 Chart Title 76% 102% 88% 108% 101% 84% FY22 FY23 FY24 FY25 FY26 H1FY27 Chart Title 1,689 1,518 1,794 1,964 2,023 1,544 FY22 FY23 FY24 FY25 FY26 H1FY27 Chart Title 1,277 1,543 1,578 2,130 2,046 1,291 FY22 FY23 FY24 FY25 FY26 H1FY27 Chart Title
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Page 47 Exponential Volume Growth Volumes (in Lakh tonnes) Volumes – Q2 FY27 (in Lakh tonnes ) 33.44 36.40 39.39 49.46 61.62 volume growth % Actual volume H1 FY27 volume Projected volumes FY23 FY24 FY25 FY26 FY27P 12.26 15.49 Q2 FY26 +26% Q2 FY27 29.32 Sales Volumes – H1 FY27 (in Lakh tonnes ) 24.39 29.32 Sales Volumes H1 FY26 +20% H1 FY27
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05 Strategy & Guidance
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Page 49 Shyam Metalics: Vision 2031 Building India's Most Diversified & Value-Accretive Metals Platform Expanding High-Value Product Portfolio Increase exposure to Deepening Presence in Strategic End-Markets Strengthen positioning in Enhancing Integration & Cost Leadership Build a sustainable, value-driven and capital-efficient metals platform through capacity expansion, product mix enhancement, operational excellence and export diversification. Vision 2031 Stainless Steel Aluminium Foil CR Coils/Sheets Railway Wagons Speciality Alloys SBQ Defence Railways Engineering Real Estate Backward integration across energy, mining and beneficiation Improve operating efficiencies REVENUE EBITDA ROCE ROE Debt/Cash Accrual FY26 ₹18,552 Cr FY31 ~₹42,500+ Cr ~18% CAGR FY26 ₹2,333 Cr FY31 ~₹6,600+ Cr ~23% CAGR FY31 24% FY31 16% FY26 ₹957 Cr FY31 Gross Debt ~₹4,226 Cr Net Debt (₹378) Cr ~(₹912) Cr Cash Accrual ₹1,238 Cr ~₹5,198 Cr
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Page 50 Financial Roadmap to Vision 2031 New High-Value Product Mix Transforming EBITDA Composition PRODUCT VOLUME (MT) REVENUE (₹ CR) REVENUE SHARE (%) EBITDA (₹ CR) EBITDA 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 Steel 44,37,734 52,80,074 12,760 17,933 70% 42% 1,706 2,866 73% 46% SBQ Nil 7,84,000 Nil 4,704 - 11% Nil 1,019 0% 16% Specialty Alloys 2,23,494 83,950 2,097 947 11% 2% 367 143 16% 2% CRM 1,65,307 3,92,000 1,242 2,976 7% 7% 106 645 5% 10% Wagon Nil 4,704 Nil 1,788 - 4% Nil 180 0% 3% Coal* Nil - - - - - Nil 400 0% 6% *Shyam Metalics Group Secured Strategic Mining Rights for Phutamura Coal Block through an investment in Alom Solar Private Limited. Located in the Raigarh District of Chhattisgarh within the prolific Mand Raigarh coalfield, the Phutamura Coal Block spans an area of approximately 7.324 sq. km. and holds estimated coal reserves of approximately 170 million tonnes. It is expected that mining Operations and Coal Production shall commence from July 2027
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ESG 06
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Page 52 ESG – Impact Metrics POWER WATER SUN WIND 782 MW Captive Power (Post Expansion) 6.31% Sourcing from MSMEs / small producers 45.65% Reduction in Electricity Usage Page 52 ZLD Zero Liquid Discharge & Extensive Water Recycling 100% Water Reused 3-4K KLD Wastewater Treated & Reused Daily 50,000+ Trees Planted 20.43 MWP Solar Systems 63.98 MW Installed Solar Capacity 24,276 GJ Renewable Energy GREEN Mobility Through EV Integration 35,000+ Tonnes CO2 Emissions Avoided Annually 95,000+ Lives Benefitted 105 MW Renewable Power Plant, Solar and Wind The Shyam Commitment – Efficiency in action | Responsibility in intent | Sustainability engineered at every step
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Page 53 Plantation and Green Cover Large-scale plantation drives to enhance green cover and biodiversity Rainwater Harvesting Promotion of Clean Energy Renewable Energy Green Cover Water Conservation Environment Nurturing Nature. Ensuring a Sustainable Tomorrow Rainwater harvesting systems to conserve water and recharge groundwater. Driving the transition to clean and renewable energy for a low-carbon future. Renovation of Water Bodies Rejuvenating and restoring lakes, ponds and other water bodies for community and ecological well-being.
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Page 54 Driving the Transition to Clean Mobility Electrifying Our Vehicle Fleet As part of its commitment to sustainability and decarbonisation, Shyam Metalics is transitioning its plant-owned vehicle fleet to electric mobility, covering both light and heavy motor vehicles. This initiative reflects the company's focus on reducing carbon emissions, promoting cleaner transportation and enhancing the environmental sustainability of its plant operations.
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Page 55 Social Empowering Communities. Enriching Lives. Skill Development Healthcare & Community Well-Being Social Infrastructure People First Stronger Communities Positive Impact • Sewing & Tailoring Training Centres • Handicrafts & Agarbatti Making Training • Mushroom Cultivation Programs • Computer Training Centres • Medical Vans • Drinking Water Facility • Homeopathic Clinics • Sanitisation & Renovation of Toilets and Sanitation Infrastructure • Schools • Temples • RCC Roads • Playgrounds • Burning Ghats • Community Halls
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Page 56 • Free Coaching Center for Economic Backward Integration Section • Computer Training Centre at Dhasna village under UDAY project • SHYAM Scholarship for Meritorious students CSR Initiatives Undertook CSR initiatives amounting to Rs. 9.39 Cr across diverse areas such as healthcare, education, rural development, animal welfare and art & culture • Improving water bodies • Plantation work • Installation of solar streetlight • Solar irrigation Pumps • Developing areas around green belt and reducing carbon footprint • Annual medical health and eye checkup campaign offering free medicine and spectacles to villagers • Medical mobile van in 17-18 villages in Jamuria • Established a Homeopathy Clinic near plant • Initiated KALP VRIKSHA project to promote rural upliftment & women empowerment • Provides training in sewing, jute & mushroom cultivation to generate alternate income • Established Shyam Metalics Football Academy (SMFA) in 2018 • Constructed hostel for aspiring footballers wherein they received full scholarships • Plans to expand footprint by playing in Calcutta Football League • Temples renovation • Village Sanitation • Constructed RR Colony in Jamuria for rehabilitation of Chawkidanga communities SUSTAINABILITY RURAL HEALTH & WELLNESS SKILL DEVELOPMENT RURAL EDUCATION SPORTS PROMOTION SOCIAL INFRASTRUCTURE DEVELOPMENT
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Page 57 CSR Initiatives SEHAT Healthcare & Well-being UNNATI Skill Development & Livelihoods VIDYA Education & Youth Development DHARA Sustainability & Environment SAMRIDDHI Community Infrastructure & Rural Development PRATIVA Sports, Welfare and Community Engagement AASHRAY Social Relief and Support Community Support Improving access to healthcare, preventive care and wellness. Building skills and livelihoods to empower communities. Supporting quality education, learning and youth development. Supporting environmental conservation and sustainability. Improving infrastructure for community well-being and connectivity. Encouraging sports and youth development for community welfare. Improving infrastructure for community well-being and connectivity.
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Page 58 Community Building & Welfare of the Immediate Locality has always been Our Top Priority Healthcare 95,000 free OPD visits annually Safe Drinking Water Summer water tankers for 38,397 residents Education & Skill Development 38 volunteers teaching in 21 schools Blood Donation Camp 100+ employee volunteers at Jamuria Plant Pond Renovation Revived 6 ponds; 6,324 beneficiaries Animal Welfare Supported gaushalas caring for 100,000+ cows Nutrition & Community Feeding Free meals for 5,000 daily Healthcare Ambulances donated by the Company
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Page 59 Strengthening ESG Framework Third-party ESG ratings indicate improving sustainability profile with scope for structured enhancement across Environment, Social and Governance pillars 63.7 SES ESG Research Private Ltd. 13-02-2026 60 CFC Finlease Private Limited 17-01-2026 55 NSE Sustainability Ratings and Analytics Limited 08-01-2026 50 CRISIL ESG Ratings & Analytics Limited 15-09-2025 ESG integration strengthening governance, operational resilience and long-term sustainability
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Annexure 07
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Page 61 Strengthening Brand ‘SEL Tiger’ 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, Assam, Arunachal Pradesh, Manipur, Meghalaya, Uttarakhand, Uttar Pradesh, Punjab and Haryana. Our TMT and structural products are sold under the brand “SEL Tiger” Offers diverse and high-quality range of cols-rolled steel products designed to meet the varied needs of construction and industrial sectors. Each product stands out due to its unique features, including premium coatings, advanced durability, and exclusive warranties. These products are crafted at our state-of-the-art Cold Rolling Mill to provide superior performance and value for customers. Launched diverse range of roofing sheets under SEL Tiger in four distinct brands: SEL Tiger ROYALE, SEL Tiger ELITE, SEL Tiger AZURE and SEL Tiger ALFA 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, Assam, Arunachal Pradesh, Manipur, Meghalaya, Uttarakhand, Uttar Pradesh, Punjab and Haryana. Our TMT and structural products are sold under the brand “SEL Tiger” TMT BARS Structural steel describes hot rolled steel products such as angles, channels and beams. With an array of high-quality Structural products under the brand ‘SEL Tiger’, backed by world-class service and its other products, SMEL holds its pride of place among the leading steel manufacturers of the country and material directly from the DRHP STRUCTURAL STEEL Towards forward integration, SMEL has set up high quality Wire Rod manufacturing & Wire Drawing facilities with best available technology and plant & machinery support. Since the raw materials are manufactured in-house at our plant, the company is able to produce high quality Wire Rod & H.B. Wires in an efficient & cost-effective manner WIRE RODS Offers diverse and high-quality range of cold-rolled steel products designed to meet varied needs of construction and industrial sectors. Crafted at our state-of-the-art Cold Rolling Mill to provide superior performance and value for customers. Launched diverse range of roofing sheets under SEL Tiger in four distinct brands: SEL Tiger ROYALE, SEL Tiger ELITE, SEL Tiger AZURE and SEL Tiger ALFA ROOFING SHEETS SEL Tiger Foil, a distinguished product line from Shyam Metalics, represents the perfect blend of strength, quality, and versatility in aluminium foil manufacturing. Designed to cater to the demanding needs of modern packaging, SEL Tiger Foil is synonymous with reliability and excellence, making it a preferred choice for consumers and industries alike. ALUMINIUM FOIL (FOOD GRADE) SEL Tiger Crash Barriers are engineered to enhance road safety across highways, bridges, and urban roads. Built to stringent safety standards, they absorb impact, minimise vehicle damage, and help prevent accidents from escalating, protecting lives every day CRASH BARRIERS Shyam Metalics’ stainless steel rebars offer exceptional corrosion resistance and up to 5x longer life, making them ideal for durable, low-maintenance coastal infrastructure STAINLESS STEEL REBAR
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Page 62 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 -positioned to scale new heights and create sustainable shareholder value over the long term
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Page 63 Current Rating CRISIL AA+ Outlook Stable Latest Review Nov-25 Long Term Rating at CRISIL AA+/ Outlook: Stable FY20 FY21 FY22 FY23 FY24 FY25 Nov-25 CRISIL AA- (Stable) CRISIL AA- (Positive) CRISIL AA (Stable) CRISIL AA (Stable) CRISIL AA (Stable) CRISIL AA (Positive) CRISIL AA+ (Stable) CRISIL AA+ (Stable) - Highest Credit Rating among peers in the industry
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LET'S TALK Mr. Deepak Agarwal / Pankaj Harlalka investor.relations@shyammetalics.com compliance@shyamgroup.com Shyam Metalics & Energy Limited Investor Relations: Ernst & Young LLP Shyam Metalics & Energy Ltd. CIN No. : L40101WB2002PLC095491 P-19 (Plate No. D-403) Taratala Road, Kolkata-700088, West Bengal, India Ph: 98304 06822 Mr. Diwakar Pingle diwakar.pingle@in.ey.com Mr. Binay Sarda binay.sarda@in.ey.com Self-funded growth story | Strong execution track record | Negligible Net Debt | 210% return since IPO