COMPANY PRESENTATION MAY 2016 CIN: L70109GJ1983PLC006460 Prosperity Through Performance 1
Ratnamani is the largest manufacturer and exporter of high end application : – Stainless Steel Seamless Tubes / Pipes, and – Stainless Steel Welded Tubes / Pipes – Nickel Alloy Seamless Tubes – Titanium Welded Tubes It is also one of the leading manufacturer and exporter of : – Carbon Steel Welded Pipes, and – 3 Layer PE and Fusion bonded Epoxy Coated Pipes Prosperity Through Performance 2
Stainless Steel Tubes & Pipes Carbon Steel Pipes Stainless Steel Mother Green Energy Pipes Prosperity Through Performance 3
Financial Highlights (Rs. in Mln.) FY11 FY12 FY13 FY14 FY15 FY16 Particulars (Rs. Mn) Net sales/Income 8,363.30 12,275.74 12,194.00 13,669.02 17,123.51 17,360.69 - % Growth 46.78% -0.67% 12.10% 25.27% 1.39% Operating Expenses 6,640.81 10,122.32 9,632.79 10,964.76 13,878.96 14,360.62 EBDITA 1,722.49 2,153.42 2,561.21 2,704.26 3,244.55 3,000.08 EBDITA - % 20.60% 17.54% 21.00% 19.78% 18.95% 17.28% - % Growth 25.02% 18.94% 5.59% 19.98% -7.53% Finance Costs 184.48 165.60 121.37 103.39 93.68 75.02 Depreciation 399.95 424.92 424.73 458.65 543.57 567.69 PBT 1,138.06 1,562.90 2,015.11 2,142.22 2,607.30 2,357.37 Taxes 306.32 448.48 655.61 714.14 882.22 739.93 PAT 831.74 1,114.42 1,359.50 1,428.08 1,725.08 1,617.44 During FY 2015-16, netting of power gnerated from Wind Mills for captive usage has been done Note: against Power & Fuel cost resulting into corresponding changes being there in FY 2014-15 figures also. Prosperity Through Performance 4
Gross Income 20,000 18,000 18367.32 16,000 17807.79 14,000 Rs. in Mln . 14498.21 12,000 12993.96 12943.14 10,000 8,000 8998.82 6,000 4,000 2,000 0 FY11 FY12 FY13 FY14 FY15 FY16 Prosperity Through Performance 5
Earning Per Share (EPS, in Rs.) 40 35 36.94 34.82 30 30.74 29.29 25 24.02 20 15 17.98 10 5 0 FY11 FY12 FY13 FY14 FY15 FY16 Prosperity Through Performance 6
Net Worth 12,000 10,000 10401.68 9083.756 8,000 Mln. Rs . 7,665.33 6,000 6,467.14 5,324.86 4,000 4,349.38 2,000 0 FY11 FY12 FY13 FY14 FY15 FY16 Prosperity Through Performance 7
Share Holding Pattern (as on 31March 2016) 60.23% 21.61% 0.72% 3.23% 2.15% 12.06% Promoters Corporate Bodies FIIs MFs NRIs Indian Public Prosperity Through Performance 8
Gross Fixed Assets 10,000 9,000 9,053.07 8,255.43 8,000 7,624.10 7,000 6,764.18 6,169.92 6,000 Mln. Rs. 5,414.64 5,000 4,000 3,000 2,000 1,000 0 FY11 FY12 FY13 FY14 FY15 FY16 Prosperity Through Performance 9
Industries Profile (2015-16) 54% 14% 4% 24% 4% Refineries, Petrochemicals, Oil & Gas Power - Nuclear & Thermal Water & Infra Chemical & Fertilisers Others Prosperity Through Performance 10
Capacities – At a Glance (in MT) Chhatral Kutchh Total Carbon Steel Pipes L-SAW 30,000 10,000 40,000 H-SAW / Spiral - 1,80,000 1,80,000 ERW - 70,000 70,000 Circ. Seam 60,000 - 60,000 Sub Total 90,000 2,60,000 3,50,000 3 Lay er PE and FBE Coating 2.5 mln sq. mtrs Stainless Steel Tubes / Pipes Seamless 8,000 - 8,000 Welded - 20,000 20,000 Hot Extruded Seamless (f or captiv e usage) - 6,500 6,500 Sub Total 8,000 20,000 28,000 Prosperity Through Performance 11
Landmarks 1985: 2003: - Commenced production of Stainless – Approval from Nuclear Power Steel Tubes & Pipes Corporation of India Limited for the Supply of Critical Instrumentation Seamless Tubes for Primary Piping 1993: of Nuclear Reactors - Listed on Stock Exchange 2004: 1995: – Delivered Duplex Steel Seamless - Carbon Steel SAW Pipes Division Tubes as per SA 789 / UNS 31803 commenced commercial production and UNS 32205 – Officially Implemented Safety, 1999: Health & Environment Policy [SHE] - Welded stainless steel tubes for – Enhancement of Current Capacity Automobile Exhaust Systems by establishing new manufacturing developed facilities at Kutchh, Gujarat 2000: 2005: - Mobile plant, for Large dia Water – Supplied Welded Cold Drawn Pipes Duplex Steel Tubes as per SA 789 / UNS 31803 and UNS 32205 – Started Commercial Production at Kutchh Division Prosperity Through Performance 12
Landmarks 2007 (contd.) 2006: - Executed an order of 1.4 Million mtrs of 16mm OD x 0.7mm THK tubes in Grade 439L for - Enlisted by EIL, India for Stainless Steel Desalination plants in Bahrain and Sharjah Seamless Duplex Tubes - Awarded a contract by Indian Fabricator for - Executed a single order for supply of 12,000 supply of Stainless Steel Duplex Seamless MT of ERW pipes Tubes – Approx. 400 MT for IOCL - Executed single highest value order worth Rs. - Completed trial production of Stainless Steel 90 crores for supply of Carbon Steel Pipes for a Welded Tubes in Super Ferritic Grade Grass Root Refinery in India - Completed trial production of Stainless Steel 2008: Welded Pipes in Super Austenitic Grade - Facility for Hot Extruded Mother Pipes fully - Supplied Dredging Pipes to an European stabilised. Approved by Saudi Aramco for company Stainless Steel Seamless Tubes - Approved by Saudi Aramco for SS Seamless Tubes - Executed a single order of Rs. 60 crores for an ADB funded water supply pipes project 2009 2007: - 3 LPE Coating Plant; High Speed Welded Tube Mill and Offline Welding in HSAW started - Manufacture of Titanium Tubes started - Enlisted by NTPC for L.P., H.P. and Condenser Tubes up to 500 MW and above - Work started on increasing the capacity of SS rating Power plants in India HP Heater Tubes Prosperity Through Performance 13
Landmarks 2014/15 2009 (contd.) - Coating capacity increased from 100 NPS to - Supplied 36 mtr long SS Seamless Tubes 122 NPS max. 2010 - Signed PLA (Programme Leverage Agreement) with Dow Chemical through Fluor - L arge volume orders for supply of Line pipes executed for GAlL and BCPL - Received order for supply of SS Seamless - Received order for Moderator Heater Tubes for Tubes for Brahmos Aerospace NPCIL KAPP 3 & 4 and RAPP 7 & 8 - Received order for supply of Nickel Alloy Tubes 2012: in UNS N08800 grade from NPCIL - ERW forming capacity increased from 16 NPS - Received approval from Saudi Aramco for SS to 18 NPS max. Welded Pipes and Titanium Welded Tubes - Received order from MHI for SS Tubes for 3 X 800 MW Power Project - Received order for supply of SS Seamless and Welded Pipes for ITER (International 2013 Thermonuclear Experimental Reactor) Project - HSAW forming capacity increased from 100 NPS to 142 NPS max. - Set-up a Wholly Owned subsidiary in USA to - Coating capacity increased from 64 NPS to tap the northern and Latin American markets 100 NPS max. - New SS Seamless tube facility of 4200 MT p.a. - Exported CS Pipes to USA – approx. 10 mln for Heat Exchanger Tubes started commercial USD production. - Started production of Higher Nickel grade pipes - Enhanced capacity of Hot Extrusion & tubes in 2015-16 - Received order for supply of Duplex Seamless & Welded Pipes with 3 LPE Coating - USA for their Hydrocarbons Growth Program Prosperity Through Performance 14
Landmarks 2015-16 - Supply of ERW Pipes - 12”/ 8” X 490 Kms for Ethane pipeline from Dahej to Nagothane. First of its kind to be constructed in India with stringent technical parameters - Completion of orders for SAUNI Project, Gujarat and TWAD, Tamilnadu - Received the highest value order in the history of the company for supply of approx.120,000 tons of HSAW pipes valued at approx. Rs. 520 crores for Naguar Water Pipeline Project of PHED. - Set-up a facility near Naguar for execution of the above order and supplies commenced as per schedule. - Successfully manufactured and supplied: � critical Seamless Pipes and Welded Pipes for Nuclear Recycle Board (NRB) � Nickel Alloy Tubes for Nuclear Power Corporation India � Incoloy (N08825) and Inconel (N06625) � Stainless Steel Welded Pipes with Coating for an USA Project. � smaller diameter Instrumentation tubes upto a length of 24 Meter for Heat Tracing Sector. - Got export order for supply of Super Duplex Stainless Steel Seamless Pipes - Supplied SS Welded Pipes with special coating to USA Prosperity Through Performance 15
Product Range Carbon Steel L-SAW Pipes Stainless Steel Seamless - 12 NPS to 48 NPS Tubes & Pipes - 5 MM THK. to 28 MM THK - 3 MM OD to 219.1 MM OD - 0.5 MM THK to 8.18 MM THK Carbon Steel H-SAW Pipes - 16 NPS to 142 NPS Stainless Steel Seamless Pipes - 5 MM THK. to 20 MM THK (Hot Finished) - 1 NPS to 3 NPS Carbon Steel Circ. Seam SAW - Up to 8 MM THK. Pipes - 32 NPS to 152 NPS Stainless Steel Welded Tubes - 5 MM THK. to 65 MM THK & Pipes - 10 MM OD to 1524 MM OD Carbon Steel ERW Pipes - 0.5 MM THK to 50 MM THK - 6 NPS to 18 NPS - 3.2 MM THK. to12.7 MM THK Titanium Welded Tubes - 12 MM OD to 38.1 MM OD 3 Layer PE and FBE Coating - 0.3 MM THK to 2MM THK - 4 NPS to 122 NPS (External) - 8 NPS to 122 NPS (Internal) Prosperity Through Performance 16
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