Financials - Mickey Metal

(Rs in Cr)
Financial Year Total Revenue EBITDA PAT Sh. Capital

FY 2017 95.58 2.16 0.32 9.75

FY 2018 120.76 2.56 0.55 9.75

As MICKY Metals Ltd., an over 45 year old enterprise & a pioneer in manugacturing o
manufacturing Plant at Suri in Birbhum District of West Bengal. The Company was founded
About the Company Kolkata, MICKY Metals manufactures high grade TMT Bars and other allied items like A
Internation

Link to Website: http://www.mickym

Products: TMT Bars ,Angle Bar
Directors: Narendra Kumar Agarwal, Saket Agarwal, Sumit A

Sales EBITDA EBITDA Margin PAT

Tata Steel Ltd 70610.92 20477 29.00% 10533.19
Welspun Corp 2792.57 737 26.39% -21.65
Rudra Global Infra Products Ltd. 562.56 37.49 6.66% 15.7
Supershakti Metaliks Ltd. 515.58 34.41 6.67% 17.58
Mishra Dhatu Nigam Ltd 747.74 214.63 28.70% 130.55

2 . Last 5 Yrs
2014 2015 2016 2017
Tata Steel Ltd 38251 30772 31030 46875
Welspun Corp 1802.4 1421.15 2608.5 2205.3

Informati

Company Company Type Industry Sector Amount(US$M)

Indian Steel Corporation Unlisted Manufacturing Metals & Alloys (Steel) 51.68
Arjas Steel Unlisted Manufacturing Metals & Alloys (Steel) 120
Uttam Galva Metallics Unlisted Manufacturing Steel 8
Uttam Galva Metallics Unlisted Manufacturing Steel 16.67
Uttam Galva Metallics Unlisted Manufacturing Steel 27.2
Tulsi Castings Unlisted Manufacturing Metals & Alloys (Iron & Steel) 8
SPS Ispat and Power Unlisted Diversified Power & Steel 67
 Welspun Maxsteel Unlisted Manufacturing Metals & Alloys (Iron & Steel) 31
Shankara Building Products Unlisted Other Services Distribution (Steel Pipes) 22.2
SBQ Steels Unlisted Manufacturing Metals & Alloys (Iron & Steel) 27
Geodesic Techniques Unlisted Engg. & Construction
EPC (Large span steel-intensive structures) 11
Maithan Ispat Unlisted Manufacturing Metals & Alloys (Iron & Steel) 18
als - Mickey Metals
Cr)
Free Operating
Res & Surplus Networth Long Term Debt Sh. Term Debt Debt-to-Equity Cash Flows
10.77 20.52 1.22 10.03 0.55 0.96
11.33 21.08 1.71 8.49 0.48 2.15

neer in manugacturing of TMT Bars & allied items in eastern India, is having a state-of-the-art ISO 9001 certified
e Company was founded by two great visionary brothers Sri S.K. Agarwal & Sri N.K Agarwal in 1972. Headquartered in
d other allied items like Angles, Round Bars & Flat Bars and the entire range of products conforms to National and
International Standards.

http://www.mickymetals.com/about.html
TMT Bars ,Angle Bars, Round Bars, Flat Bars
al, Saket Agarwal, Sumit Agarwal, Radha Krishna Kakarania, Sarwan Agarwal

Information on Listed Peers

1 .(Financials data as of FY 19) (Rs in Cr)
PAT Margin % MCAP PE Net Worth Leverage(DE) 52WK High
14.92% 48,356.96 4.59 71289 1.28 560.35
-0.78% 3,576.52 -165.20 2792.5 0.45 160.05
2.79% 254.13 16.19 80.09 1.12 116.55
3.41% 396.47 22.55 101.87 0.59 385.00
17.46% 3,034.91 23.25 834.7 0.14 186.80

2 . Last 5 Yrs MCAP of Listed Peers (Rs in Cr)

2018 2019
64318 59695
3569.9 3597.7

Information on Unlisted Companies

Data on Deals in Unlisted Space
Amount(INR Cr) Revenue (INR Cr) EBITDA (INR Cr) PAT (INR Cr) Revenue Multiple EBITDA Multiple
362

50
100 2194.33 428.51 42.21 0.91 4.66
46.01
40 215.34 45.83 13.49 1.19 5.61
300
 140 1087.38 117.03 10.58 1.03 9.57
100 1000 46.64 20.19 0.25 5.36
135.09
45 69.89 11.9 4.97 1.86 10.92
73.3 142.71 15.84 1.82 16.4
52WK Low Lifetime high Lifetime low 2 Wk Traded Volume (Lakh) Promoter holding %
320.30 923 37.55 9.67 33.12
89.30 537 1 0.43 48.98
67.00 260 27 0.02 74.66
195.00 385 187 0.21 72.23
100.00 186.8 86.35 0.76 74.00

PAT Multiple Post Money Valuation (INR Cr) Round Stage Investors
Special Situation Other India Resurgence Fund
Buyout-Large ADV Partners
3 Growth-PE BanyanTree Growth Capital
47.31 1996.84 2 Growth-PE DEG
1 Growth-PE BanyanTree Growth Capital
19.05 256.96 Late IndiaVenture
1000 Late Athena Capital Partners
105.86 1120 1 Other Apollo Management
12.38 250 Late Fairwinds Private Equity
Late ADG Fund
26.18 130 1 Late Saama Capital, Mayfield
259.73 1 Late Orix-IIML Fund
 FII/Inst/MF Holding % Link to Sh. Pattern
MF-14.64, FPI- 13.60, FI- 0.46, Ins Co-15.03 https://www.bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=5004
MF-3.11, AIF - 0.29, FPI- 6.51, FI- 4.64, Ins Co-3.43
https://www.bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=5321
- https://www.bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=5392
FPI- 9.92 https://www.bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=5417
MF-11.54, FPI- 0.58, FI- 0.01, Ins Co-7.93

Investor Type Stake (%) Date Year Exit Status

India-dedicated May-19 FY20 Unexited
Foreign 98.89 Oct-18 FY19 Unexited
India-dedicated Mar-15 FY15 Unexited
Foreign 5.01 Feb-14 FY14 Unexited
India-dedicated 19.34 Sep-12 FY13 Unexited
India-dedicated 15.56 Mar-12 FY12 Unexited
Foreign 30 Jul-11 FY12 Unexited
 Foreign 12.5 Jun-11 FY12 Fully Exited
India-dedicated 40 Mar-11 FY11 Fully Exited
Foreign Apr-09 FY10 Unexited
Co-Investment 34.62 Jul-08 FY09 Unexited
India-dedicated 28.22 Feb-08 FY08 Unexited
 ublicShareholder.aspx?scripcd=500470&qtrid=103.00&QtrName=September%202019
ublicShareholder.aspx?scripcd=532144&qtrid=103.00&QtrName=September%202019
ublicShareholder.aspx?scripcd=539226&qtrid=103.00&QtrName=September%202019
ublicShareholder.aspx?scripcd=541701&qtrid=103.00&QtrName=September%202019

Website City Region Advisor-Company

Advisor-InvestorsMore Details Link
Pre Money ValuationRevenue
(INR Cr)Multiple
EBITDA Multiple
a 61% haircut
http://www.indiansteels.com
on the asset. ISCL manufactures
Mumbaicold
https://www.livemint.com/companies/news/sbi-sells-exposure-in-indian-steel-corp-to-bain-piramal-s-arc-for-362-crore-1557945311708.html
rolledWest
coils and sheets, besides galvanized plain, galvanized corrugated, and colour-coated galvanized sheets. The company has a manufactu
cludes all operations
http://www.arjas.com
and assets in India,Hyderabad
including the
http://www.siteempresas.bovespa.com.br/consbov/ArquivoComCabecalho.asp?motivo=&protocolo=639214&funcao=visualizar&Site=C
Citi(T),AZB
special
Southsteel
& Partners(L),Araoz
plant located
Cyril Amarchand
in Tadipatri
& Rueda(L)
Mangaldas(L)
with an annual capacity of installed capacity of 250 thousand tons of crude steel and 300 thousand
Gurgaon
INR 50 Cr Pricing
North
Details: CCPS = FV Rs 10; Issue Price = Rs 10; Issue of 5,00,00,000 CCPS to BanyanTree Growth Capital II LLC
INR 100 Cr Pricing details: Gurgaon
Equity shares = FV
North
Rs.10; Issue price Rs.20 Preference shares = FV Rs.10; Issue price Rs.10 Issue of 500 equity
0.91 shares and4.66
100,000,000 15% CCPS to DE
mary allotment Pricing details: Preference Gurgaon
shares = FV Rs.10;
North
Issue price Rs.10 On 28 Sep 2012, Issue of 77,311,742 15% CCPS to BanyanTree Growth Capital LLC On 14 Jan 2013, Issue of 68,693
res and 399987
http://tulsifoundries.tradeindia.com/
CCPS to Indiaventure The Sangli
conversion price
West
of CCPS toSBI
equity
Caps(T)
has been assumed to be INR 125 per share Co Name = Tulsi Castings1.19
and Machining5.61
Limited Target was founded in
http://spsgroup.co.in
INR 300
Kolkata
Cr; Co to set up
Easta steel and power plant at Mejia in Bankura district of West Bengal; Investment via Athena India Opportunities
spun Corp
http://www.welspunmaxsteel.com/
- 87.50% (113,822,058 equityMumbai
shares) Investor
Unknown
Euromax
(Apollo Management)
Capital(T),Khaitan
http://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=Welspun_Corp_Ltd_190811_Rst.pdf
Amarchand
- 12.50%
& Co.(L)
& Mangaldas(L)
(16,260,294 equity shares) Apollo will invest an additional
1.03
INR 130 Cr for
9.57
capital expenditure. Sanjay
anches athttp://www.shankarabuildpro.com
the end of FY12 and FY 13 depending
Bangalore
upon theSouth
EBITDA of the respective years. The first tranche debentures were converted into 856,559
0.25equity shares
5.36
at Rs.105.16 each in July-12
http://www.rkkrgroup.com/html/sbqsteels.html
Chennai South
equity shares
http://www.geodesictechniques.com
and 777,780 Series A CCPSBangalore
to Mayfield IssueSouth
of Veda
25 equity
Corporate
sharesAdvisors(T)
and 222,220 Series A CCPS to SVB The initial conversion price for Series
1.86A CCPS to10.92
equity share is Rs.253.34 per s
ML investedhttp://www.maithangroup.com
INR 7.33 Cr for 2.82% stake Pricing
Kolkatadetails: Equity
East = FV Rs.10;
o3 Capital(T)
Issue price
AZBhttp://www.hindu.com/2008/02/27/stories/2008022754741600.htm
&
Rs.14.34
Partners(L)
Issue of 46,006,963 equity shares to ORIX Corporation
1.82Issue of 5,111,885
16.4 equity shares to IIML C
 PAT Multiple
Enterprise Valuation (INR
ValuationTotal
Cr) Debt (INR
Cash Cr)
& Cash Equ.Book
(INRValue
Cr) Per Share
Price Per Share
Link for Financials
for-362-crore-1557945311708.html
39214&funcao=visualizar&Site=C

47.31 Valuation multiples are based on FY13 financials.

al LLC On 14 Jan 2013, Issue of 68,693,488 15% CCPS to BanyanTree Growth Capital II LLC Pricing details: Equity shares = FV Rs.10; Issue price Rs.20 On 29 Aug 2012, Transfer of 500 equity sha
19.05 Valuation Multiples based on FY12 financials
dia Opportunities
105.86 Valuation Multiple based on FY10 Financials.
12.38 Valuations based on FY11 financials

26.18 Valuation Multiples based on FY08 Financials.

Valuation Multiples based on FY08 Financials.
On 29 Aug 2012, Transfer of 500 equity shares from Promoters to BanyanTree Growth Capital LLC