Prosperity Through Performance 1 - · PDF fileProsperity Through Performance 2 – Stainless Steel Welded Tubes / Pipes ... Email : [email protected] Website: CIN: L70109GJ1983PLC006460

Prosperity Through PerformanceProsperity Through Performance 1

COMPANY PRESENTATION MAY 2015CIN: L70109GJ1983PLC006460

Ratnamani is the largest manufacturer and

exporter of high end application :

– Stainless Steel Seamless Tubes / Pipes,

and


– Stainless Steel Welded Tubes / Pipes

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

Carbon Steel PipesCarbon Steel Pipes

Stainless Steel Tubes & Stainless Steel Tubes & PipesPipes


Carbon Steel PipesCarbon Steel Pipes PipesPipes

Stainless Steel Mother Stainless Steel Mother PipesPipes Green EnergyGreen Energy

Financial Highlights (Rs. in Mln.)

Particulars (Rs. Mn) FY11 FY12 FY13 FY14 FY15

Net sales/Income 8,363.30 12,275.74 12,194.00 13,669.02 17,006.64

- % Growth 46.78% -0.67% 12.10% 24.42%

Operating Expenses 6,640.81 10,122.32 9,632.79 10,964.76 13,762.09

EBDITA 1,722.49 2,153.42 2,561.21 2,704.26 3,244.55


EBDITA 1,722.49 2,153.42 2,561.21 2,704.26 3,244.55

EBDITA - % 20.60% 17.54% 21.00% 19.78% 19.08%

- % Growth 25.02% 18.94% 5.59% 19.98%

Finance Costs 184.48 165.60 121.37 103.39 93.68

Depreciation 399.95 424.92 424.73 458.65 543.57

PBT 1,138.06 1,562.90 2,015.11 2,142.22 2,607.30

Taxes 306.32 448.48 655.61 714.14 882.22

PAT 831.74 1,114.42 1,359.50 1,428.08 1,725.08

Note: During FY 2014-15, a regrouping of freight income and expenses has been done resulting into

corresponding changes being there in FY 2013-14 figures also.

12993.9612943.14

14498.21

17923.50

10,000

12,000

14,000

16,000

18,000

20,000 R

s. in

Mln

.

Gross Income


10202.319051.48 8998.82

12993.9612943.14

0

2,000

4,000

6,000

8,000

10,000

FY09 FY10 FY11 FY12 FY13 FY14 FY15

Rs. in

Mln

.

29.2930.74

36.94

25

30

35

40 Earning Per Share (EPS, in Rs.)


15.8218.00 17.98

24.02

29.29

0

5

10

15

20

25


7,665.33

9083.756

6,000

7,000

8,000

9,000

10,000

Mln

. R

s.

Net Worth


2,842.53

3,616.66

4,349.38

5,324.86

6,467.14

0

1,000

2,000

3,000

4,000

5,000

6,000


Mln

. R

s.

59.97%

Share Holding Pattern (as on 31MARCH 2015)


2.31%

12.31%0.54%

0.73%

24.14%

Promoters Corporate Bodies FIIs MFs NRIs Indian Public

6,000

7,000

8,000

9,000

6,1

69

.92

6,7

64

.18

7,6

24

.10

8,2

55

.43

Gross Fixed Assets


0

1,000

2,000

3,000

4,000

5,000

6,000


4,9

03

.72

5,0

39

.33

5,4

14

.64

6,1

69

.92

6,7

64

.18

7,6

24

.10

8,2

55

.43

Mln

. R

s.

48%

14%

Industries Profile


27%11%

Refineries, Petrochemicals, Oil & Gas Power - Nuclear & Thermal

Water & Infra Others

Capacities – At a Glance (in MT)Chhatral Kutchh Total

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

Carbon Steel Pipes


Circ. Seam 60,000 - 60,000

Sub Total 90,000 2,60,000 3,50,000

3 Lay er PE and FBE Coating

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

Stainless Steel Tubes / Pipes

2.5 mln sq. mtrs

1985:- Commenced production of Stainless

Steel Tubes & Pipes

1993:- Listed on Stock Exchange

1995:

- Carbon Steel SAW Pipes Divisioncommenced commercial production

2003:– Approval from Nuclear Power

Corporation of India Limited for theSupply of Critical InstrumentationSeamless Tubes for Primary Pipingof Nuclear Reactors

2004:– Delivered Duplex Steel Seamless

Tubes as per SA 789 / UNS 31803

Landmarks


- Carbon Steel SAW Pipes Divisioncommenced commercial production

1999:- Welded stainless steel tubes for

Automobile Exhaust Systemsdeveloped

2000:- Mobile plant, for Large dia Water

Pipes

Tubes as per SA 789 / UNS 31803and UNS 32205

– Officially Implemented Safety,Health & Environment Policy [SHE]

– Enhancement of Current Capacityby establishing new manufacturingfacilities at Kutchh, Gujarat

2005:– Supplied Welded Cold Drawn

Duplex Steel Tubes as per SA 789/ UNS 31803 and UNS 32205

– Started Commercial Production atKutchh Division

2006:- Executed an order of 1.4 Million mtrs of 16mm

OD x 0.7mm THK tubes in Grade 439L forDesalination plants in Bahrain and Sharjah

- Awarded a contract by Indian Fabricator forsupply of Stainless Steel Duplex SeamlessTubes – Approx. 400 MT for IOCL

- Completed trial production of Stainless SteelWelded Tubes in Super Ferritic Grade

2007 (contd.)

- Enlisted by EIL, India for Stainless SteelSeamless Duplex Tubes

- Executed a single order for supply of 12,000MT of ERW pipes

- Executed single highest value order worth Rs.90 crores for supply of Carbon Steel Pipes for aGrass Root Refinery in India

Landmarks


- Completed trial production of Stainless SteelWelded Pipes in Super Austenitic Grade

- Supplied Dredging Pipes to an Europeancompany

- Executed a single order of Rs. 60 crores for anADB funded water supply pipes project

2007:

- Enlisted by NTPC for L.P., H.P. andCondenser Tubes up to 500 MW and aboverating Power plants in India

2008:

- Facility for Hot Extruded Mother Pipes fullystabilised. Approved by Saudi Aramco forStainless Steel Seamless Tubes

- Approved by Saudi Aramco for SS SeamlessTubes

2009- 3 LPE Coating Plant; High Speed Welded Tube

Mill and Offline Welding in HSAW started

- Manufacture of Titanium Tubes started

- Work started on increasing the capacity of SSHP Heater Tubes

2009 (contd.)

- Supplied 36 mtr long SS Seamless Tubes

2010

- Large volume orders for supply of Line pipesexecuted for GAlL and BCPL

- Received order for Moderator Heater Tubes forNPCIL KAPP 3 & 4 and RAPP 7 & 8

2012:

2014/15

- Coating capacity increased from 100 NPS to122 NPS max.

- Signed PLA (Programme Leverage Agreement)with Dow Chemical through Fluor

- Received order for supply of SS SeamlessTubes for Brahmos Aerospace

- Received order for supply of Nickel Alloy Tubes

Landmarks


2012:

- ERW forming capacity increased from 16 NPSto 18 NPS max.

- Received order from MHI for SS Tubes for 3X 800 MW Power Project

2013- HSAW forming capacity increased from 100

NPS to 142 NPS max.

- Coating capacity increased from 64 NPS to100 NPS max.

- New SS Seamless tube facility of 4200 MT p.a.for Heat Exchanger Tubes started commercialproduction.

- Enhanced capacity of Hot Extrusion

- Received order for supply of Duplex Seamless& Welded Pipes with 3 LPE Coating

- Received order for supply of Nickel Alloy Tubesin UNS N08800 grade from NPCIL

- Received approval from Saudi Aramco for SSWelded Pipes and Titanium Welded Tubes

- Received order for supply of SS Seamless andWelded Pipes for ITER (InternationalThermonuclear Experimental Reactor) Project

- Set-up a Wholly Owned subsidiary in USA totap the northern and Latin American markets

- Exported CS Pipes to USA – approx. 10 mlnUSD

- USA for their Hydrocarbons Growth Program

Stainless Steel Seamless

Tubes & Pipes

- 3 MM OD to 219.1 MM OD

- 0.5 MM THK to 8.18 MM THK


Carbon Steel L-SAW Pipes

- 12 NPS to 48 NPS

- 5 MM THK. to 28 MM THK

Carbon Steel H-SAW Pipes

- 16 NPS to 142 NPS


Carbon Steel Circ. Seam SAW

Product Range



Pipes (Hot Finished)

- 1 NPS to 3 NPS

- Up to 8 MM THK.

Stainless Steel Welded Tubes

& Pipes

- 10 MM OD to 1524 MM OD

- 0.5 MM THK to 50 MM THK

Carbon Steel Circ. Seam SAW

Pipes

- 32 NPS to 152 NPS


Carbon Steel ERW Pipes

- 6 NPS to 18 NPS

- 3.2 MM THK. to12.7 MM THK

3 Layer PE and FBE Coating

- 4 NPS to 122 NPS (External)

- 8 NPS to 122 NPS (Internal)

Certificates & Approvals

- ISO 9001 : 2008 under TUV

- ISO 14001 : 2004 under TUV

- OHSAS 18001 : 2007 under TUV


- License for API 5L, API 5LC and API 2B Monogram

- ADW2 Certification under TUV

- Pressure Equipment Directive [PED] under TUV

- “Well Known Pipe / Tube Maker” – Indian Boiler Regulations, 1950

- Approval by Engineers India Limited, PDIL and MECON

- Approval by Nuclear Power Corporation of India for supply of Critical Tubes / Pipes for Nuclear Power

Profile of User Industries

- Oil & Gas; Petrochemicals;Refineries

- Nuclear, Thermal and Solar Powerplants

- Paper & Pulp

- Engineering and Process Industries

- Cross Country Pipe Lines

- Spur and City Gas distribution lines

- Desalination

- Water/Sewerages

- Structural

- Biotech and many others


- Cross Country Pipe Lines

- On-shore and Off-Shore Platforms

- Fertilizers

- Aerospace

- Food, Beverages and SugarIndustries

- Automobile

- Floating and Shore Line Pipes

- Pipes for Dredging Vessels

- Pharmaceutical

- Chemical Industries

- LNG Terminals

Petrochemicals & Refinery/Oil & Gas/Fabricators/EPC Contractors/Consultants -

Customer Base (International) - A Who’s Who of Leaders in Industry-


Customer Base (Domestic) - A Who’s Who of Leaders in Industry

PETROCHEMICAL & REFINERY- Reliance Industries Limited- Hindustan Petrochemicals Corporation

Limited [HPCL]- Bharat Petroleum Corporation Limited

[BPCL]- Mangalore Refineries &

Petrochemicals Limited [MRPL]- Indian Oil Corporation Limited [IOCL]- ESSAROIL & GAS

FABRICATORS- Larsen & Toubro Limited [L & T] [All

Units]- Godrej & Boyce Manufacturing Co. Ltd.

- ISGEC

FERTILISER- National Fertilizers Limited [NFL]- Indian Farmers Fertilizers Company

Limited [IFFCO]- GSFC


OIL & GAS- Oil & Natural Gas Commission [ONGC]- Gas Authority of India Limited [GAIL]- GSPL, EIL, Oil India, Cairns Energy,

etc.POWER- Nuclear Power Corporation of India [All

Units]- Bharat Heavy Electricals Limited

[BHEL] [All Units]- National Thermal Power Corporation

[NTPC]- Siemens; Alstom Power- Reliance Energy, Adani Power, Lanco

- GSFC- GNFC- KRIBHCO- RCF

SPACE APPLICATIONS- Department of Space [DOS]

ATOMIC ENERGY- Bhabha Atomic Research Center

[BARC]

DEFENSE- Brahmos Aerospace

Strengths

- Consistent profit record sinceincorporation

- Consistent Dividend record.

- Consistent growth in turnover

- Major portion of funding for CAPEXhas come from internal accruals

- Close to 40% domestic market share ofStainless Steel Tubes/ Pipes for nicheapplications

- Proximity to Steel Source / Ports

• Located close to Steel plants e.g.Essar Steel / Welspun

• Proximity to Ports like Kandla /


has come from internal accruals

- No equity dilution to fund expansionsso far

- 100% on Green Energy - using powerfrom Wind Mills

- Ability to produce pipes at very closediameter thickness ratio

- Approvals from all leading industry majors

- Strong client base

• Proximity to Ports like Kandla /Mundra / Mumbai

- Only manufacturer in India havingfacility to produce Stainless Steel Pipesin size 100” NB duly solution annealed

- Offering complete Pipe solutions

• Stainless Steel – ¼ NPS to 60NPS OD Tubes / Pipes

• Carbon Steel – 6 NPS to 150 NPSNB Pipes

Future Plans

– Hot Extrusion of higher size/Ni based alloys andSuper Duplex Mother Pipes

– Addition of capacities in project application LSAWpipes


pipes

– Plans for one or more Greenfield projects for highend application higher grade Nickel Alloy Tubes,and Carbon Steel Tubes/Pipes to continue thegrowth

Contacts:

Regd. Office:17, Rajmugat Society, Naranpura Char Rasta,Ankur Road, Naranpura,AHMEDABAD – 380 013Gujarat (India)Tel: +91-79-27415501-04Fax: +91-79-27480999

Plants:

Stainless Steel Tubes & Pipes Div.:Village Indrad, Near Ahmedabad

Saw Pipes Div.:G.I.D.C., Chhatral, Near Ahmedabad


Fax: +91-79-27480999Email : [email protected]: www.ratnamani.comCIN: L70109GJ1983PLC006460

Mumbai Office:Panchsheel Plaza ,B-Wing , 2nd Floor ,55 - Gamdevi Road ,Near Dharam Palace ,Mumbai - 400 007Tel :- 022 – 43334555Fax :- 022 – 43334575

Near Ahmedabad

Kutchh Div.:Village Bhimasar, Kutchh

THANK YOUTHANK YOU


THANK YOUTHANK YOU

Important NoticeNo representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness ofsuch information or opinions contained herein, which may be forward looking statements. The information contained in this presentation is only current as of itsdate. Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including thoserelating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and itscompetitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including futurechanges or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions in India. Thiscommunication is for general information purpose only, without regard to specific objectives, financial situations and needs of any particular person. Thispresentation does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of orbe relied upon in connection with any contract or commitment whatsoever. The Company may alter, modify or otherwise change in any manner the content of thispresentation, without obligation to notify any person of such revision or changes. This presentation can not be copied and/or disseminated in any manner.

Documents

Prosperity Through Performance 1 - · PDF fileProsperity Through Performance 2 – Stainless Steel Welded Tubes / Pipes ... Email : [email protected] Website: CIN: L70109GJ1983PLC006460