Corporate Profile

Excellence at the core

Tata Metaliks, a subsidiary of Tata Steel, is one of India’s leading producers of high-quality Pig Iron (PI) and Ductile Iron Pipes (DIP).

We produce hot metal using iron ore lumps, sinter, coke and fluxes, which are partly
value-added into DIP for use in the water infrastructure industry and partly cast into PI for use in foundries. Our state-of-the-art manufacturing plant near Kharagpur, West Bengal, enjoys strategic locational advantage due to its proximity to iron ore mines in Odisha and Jharkhand, the Haldia port (for import of coal) and the PI and DIP markets of eastern India.

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Vision

Reaching
Tomorrow First

Mission

Tata Metaliks strives to become a sustainable organisation through significant contribution to India’s foundry, water and sanitation sectors by optimum utilisation of men, material and assets, responsible use of energy and water resources, being guided by its values.

Values

Pioneering Integrity Excellence Unity Responsibility

Business Model

Built to innovate and excel

Manufactured

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inputs

5.50 LTPA

hot metal production capacity

2.00 LTPA

DIP production capacity

16.76 MW

captive power generation capacity

Value created

5.44 LT

hot metal production

3.20 LT

PI production

2.24 LT

finished pipes production

1,34,164 MWH

captive power generated

Financial

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inputs

`919 crore

net worth

`211 crore

debt

Value created

`2,051 crore

turnover

`300 crore

EBITDA

`166 crore

PAT

`59

EPS

`926 crore

market capitalisation

Intellectual

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inputs

`6.5 crore

capex spent on
digitalisation / automation

91%

employees involved in process improvement initiatives

Value created

639

Kaizens

151

improvement projects

`54 crore

savings generated through improvement projects

Human

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inputs

1,254

employees on roll

`89 lakh

investment in employee training
and development

2.80

person-days of training per employee per year

Value created

0 fatality, 0.28

Loss-Time Injury Frequency Rate and 14/16 health index

4.6/5

training effectiveness

7.5%

diversity – women in officer category

13%

Affirmative Action employees in workforce

1,458

(THM/employee/year) in PI

262

(TFP/employee/year) in DIP – employee productivity

3.9/5

employee engagement score

Natural

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inputs

18.70 GJ/THM and
2.36 GJ/TFP

– energy intensity

3,835 m3

water consumed per day

1,030 KT iron ore,
54 KT coal,
340 KT coke and
202 KT fluxes consumed as inbound raw material

`13.70 crore

capex approved for environment protection

Value created

2,380 m3

water recycled per day

97%

material recycled back into process

1.87 tCO2e/THM and
0.63 tCO2e/TFP

– carbon emissions intensity

Social and relationship

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inputs

1,172

supplier base

40

technical services provided to PI and DIP customers

7

customer service processes

`4.31 crore

contributed for CSR

Value created

6.32/7

vendor satisfaction rating score

95 in PI and 91 in DIP

– customer satisfaction index

19,000+

CSR outreach

Operating
Environment

Resilience put
to test

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Stakeholder Engagement

Strengthening
relationships for
sustainable
future

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Material Topics

Prioritising issues that impact value creation

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Financial Resilience

Consistent progress; stable outlook

Turnover

(` crore)

  • 2015-16
  • 2016-17
  • 2017-18
  • 2018-19
  • 2019-20

0% growth in 5 years

Share of PI in turnover

(` crore)

  • 2015-16
  • 2016-17
  • 2017-18
  • 2018-19
  • 2019-20

0% growth in 5 years

Share of DIP in turnover

(` crore)

  • 2015-16
  • 2016-17
  • 2017-18
  • 2018-19
  • 2019-20

0% growth in 5 years

EBITDA

(` crore)

  • 2015-16
  • 2016-17
  • 2017-18
  • 2018-19
  • 2019-20

0% growth in 5 years

EPS

(`)

  • 2015-16
  • 2016-17
  • 2017-18
  • 2018-19
  • 2019-20

0% growth in 5 years

Net debt/Equity

(times)

  • 2015-16
  • 2016-17
  • 2017-18
  • 2018-19
  • 2019-20

0% decline in 5 years

Net debt/EBITDA

(times)

  • 2015-16
  • 2016-17
  • 2017-18
  • 2018-19
  • 2019-20

0% decline in 5 years

Net worth

(` crore)

  • 2015-16
  • 2016-17
  • 2017-18
  • 2018-19
  • 2019-20

828% growth in 5 years

Current ratio

(times)

  • 2015-16
  • 2016-17
  • 2017-18
  • 2018-19
  • 2019-20

0% growth in 5 years

Chairman’s Message

Resilience amidst headwinds

"Your Company was able to sustain an EBITDA margin of 15% and deliver a high ROCE of 22%, despite the business challenges and the loss of production and sales towards the end of the year due to the COVID-19 lockdowns."

Koushik Chatterjee Chairman

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Strategic
Review

To deliver on our vision of ‘Reaching Tomorrow First’, we introduced a strategic framework in
FY 2017-18. Built on six key pillars, each of which is a business priority, our strategy embodies the ‘integrated thinking’ of the Company.

Cost Leadership

Leveraging technology for cost optimisation

With a clear objective to be the lowest cost producer of PI and DIP, we optimise our processes and functions to deliver operational excellence.

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Innovate and Excel

Smart innovations for a smarter future

At Tata Metaliks, innovation and excellence are entrenched in every aspect of the business, covering our strategies, process enhancements, resource planning, among others. In fact, it serves as the foundation for all our other strategic priorities.

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Supplier of Choice

Enhancing customer experience every day

Our products are known for their quality consistency. We constantly engage with our customers to understand their needs, transfer knowledge to them on industry best practices in process, become a partner in their growth story.

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Robust People Practices

Catalysing growth by nurturing talent

Building a robust team with the right skills is a critical element in driving sustainable growth. We are empowering our people by offering various learning and development programmes with a sharper focus on occupational health and safety. And we remain committed to providing a collaborative and inclusive work environment.

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Responsible Corporate Citizenship

Creating shared value

Making responsible choices is at the core of our commitment to build a better society and a cleaner environment and drive sustainable growth for all. We believe businesses are vehicles of nation building, especially as partners in community development.

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Focus on Downstream/Value-add

Continuing value-led growth

We see significant opportunities for expanding our DIP business, especially in the fast-evolving water infrastructure space of the country. With our brownfield expansion project currently under implementation, we should be able to double our DIP capacity within two years.

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Governance

Transparency and
accountability built in

We follow the best practices of good corporate governance that result in the highest levels of transparency, accountability, controls and efficiency. Our Board of Directors and Board committees coordinate with our senior management and actively collaborate in strategic decision-making. Our Board is adequately experienced and well-informed to discharge its fiduciary responsibility towards all our stakeholders.

Corporate governance practices are deployed in the Company through the principles of transparency, accountability and sustainability. The Board of Directors are at the helm of governance structure to oversee the overall affairs of the Company and serve the interests of all stakeholders.

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Assurance
Certificate

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Notice
of AGM

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