Slide 1: GEE Limited
GEE LIMITED JOINING THE WORLD AROUND YOU FOR OVER 60 YEARS 1
Slide 2: Disclaimer
DISCLAIMER This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of GEE Ltd (the “Company“), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract or inves
Slide 3: Contents
CONTENTS 1) About Us 2) Business Overview 3) Engineered to Outperform 4) Way Forward 5) Industry Growth Drivers 6) Financial Highlights STRICTLY CONFIDENTIAL 3
Slide 4: About Us
01 ABOUT US 4
Slide 5: About Us
ABOUT US Legacy of Innovation: Founded in 1960 as General Electrodes and Extensive Market Reach: Serving domestic and international markets via Equipment Limited in collaboration with Griesheim GmbH of Germany; 500+ dealers across India and 25+ distributors in 20+ countries; balanced acquired by cur
Slide 6: GEE at a Glance
GEE AT A GLANCE 500+ 20+ 25+ ~59,000 MT Dealers across Countries Distributors Capacity the country 500+ ~50% ~50% 50+ Employees B2B Business B2C Business R&D Team 6
Slide 7: Our Journey
OUR JOURNEY 1960: 2006: 2013: Company incorporated as “General Kolkata plant operations begin Breakthrough in Inconel Series Electrodes And Equipment Limited” Operations started in collaboration with 2008: 2014: Greisham GmbH Kalyan plant operations begin SAW Wire facility was installed 1960 1996 -
Slide 8: Key Management Team
KEY MANAGEMENT TEAM Om Prakash Agarwal Joint Managing Director B.COM(H) 30+ years experience in Sales & Marketing University of Calcutta alumni Umesh Agarwal Joint Managing Director B.SC, PGDMA 25 years in Operations, Technical, Sales (Domestic & International) holds an MBA in Marketing Possessing a
Slide 9: Business Overview
02 BUSINESS OVERVIEW 9
Slide 10: Manufacturing Facilities – Kalyan Plant
MANUFACTURING FACILITIES – KALYAN PLANT Total Area- 6,700 m2 High-volume production of welding electrodes, wires, and fluxes with fully Accreditation- ISO 9001 : 2008 integrated systems for manufacturing, packing, and dispatch Capacity- ~21,000 MT 10
Slide 11: Manufacturing Facilities – Kolkata Plant
MANUFACTURING FACILITIES – KOLKATA PLANT Total Area- 16,000 m2 (15,905.33 Sq.Mtrs.) Accreditation- ISO 9001 : 2008; ISO 14001 : Supports eastern and pan-India operations with High-volume production of 2004; OHSAS 180001 : 2007 welding electrodes, wires, and fluxes with fully integrated systems Capac
Slide 12: Research and Development – A Core Competitive Strength
RESEARCH AND DEVELOPMENT – A CORE COMPETITIVE STRENGTH In-house R&D capability remains a key differentiator and driver of long-term growth. Notable Innovations and Achievements: Led by Chief Technical Officer Mr. Madhusudan P. Dhanuka, with over 40 years of Developed Created E9015 B91 Engineered Sup
Slide 13: Product Categories
PRODUCT CATEGORIES SMAW Electrodes Low Heat Input SAW Wires & Flux Cored Wires Brazing Wires & GMAW/MIG Wires GTAW/TIG Wires Shielded Metal Arc (LHI) Electrodes Fluxes For semi-automatic and Fluxes Gas Metal Arc Welding Gas Tungsten Arc Welding (SMAW) GEMET series for For heavy-duty automatic weldin
Slide 14: Global Presence
GLOBAL PRESENCE Russia Canada Eastern Europe Turkey U.S.A Middle East Iran Bangladesh India Vietnam African Continent Sri Lanka Brazil Australia 14
Slide 15: Key Clientele
KEY CLIENTELE ony 6 wane qe LARSEN & TOUBRO TATA atearstet Qa i) ¢ . Reliance oncc Industries Limited ri ENERCON ENERGIE FUR DIE WELT adani yN (EIL) \ 4 ENGINEERS INDIA LIMITED IndianOil
Slide 16: Accreditations & Approvals 1/2
ACCREDITATIONS & APPROVALS….1/2 Kalyan Kalyan Kolkata Kolkata 16
Slide 17: Accreditations & Approvals 2/2
ACCREDITATIONS & APPROVALS….2/2 17
Slide 18: Certifications
CERTIFICATIONS Golden Jubilee Year - 2008 COMMENDATION CERTIFICATE awarded to GEE Limited, Thane ® Weld Consumables for Shielded Metal Arc Welding Submerged Arc Welding Flux based on DRDO Technology in recognition of valuable contribution in productionisation of Dr. A. Sivathanu Pillai Distinguished
Slide 19: Engineered to Outperform
03 ENGINEERED TO OUTPERFORM 19
Slide 20: GEE Welding Solutions That Deliver Strength and Precision
GEE WELDING SOLUTIONS THAT DELIVER STRENGTH AND PRECISION Ocean-Tough Welding for Shipbuilding & Offshore Marine welding solutions engineered for extreme durability, classification-society compliance, and lifecycle cost reduction: • Full-spectrum expertise: commercial vessels to aircraft carriers, P
Slide 21: Engineered for Superior Edge: GEE Competitive Moat
ENGINEERED FOR SUPERIOR EDGE: GEE COMPETITIVE MOAT Strategic Backward Integration: • Owned processes (stainless steel wire drawing, ferroalloy powders, silicates) reduce costs & boost margins Market Positioning & Diversification: • Balanced revenue (~50% high-margin B2B tenders, ~50% B2C via 500+ de
Slide 22: Way Forward
04 WAY FORWARD STRICTLY CONFIDENTIAL 22
Slide 23: Way Forward
WAY FORWARD Outlook: Secured approvals driving 30–40% revenue from PSUs/infrastructure, coupled with robust export and dealer Holistic Vision: growth post-restructuring, position GEE • Evolve into a comprehensive for 25–30% revenue CAGR through FY29 solutions provider through in-house with EBITDA ma
Slide 24: Unlocking Profitability: Roadmap to 13%+ EBITDA Margins by FY29
UNLOCKING PROFITABILITY: ROADMAP TO 13%+ EBITDA MARGINS BY FY29 • 3-4% Savings in Material Cost: ➢ Leveraged through strategic backward integration (e.g., in-house stainless steel wire drawing and ferroalloy powders) ➢ Reducing raw material costs ➢ Enabling peer sales for added revenue—directly boos
Slide 25: Margin of Safety: Non-Core Monetization
MARGIN OF SAFETY: NON-CORE MONETIZATION Monetization of the Thane Land Bank Wagle Estate Deal (Nov 24, 2025): 13,391 Sq m. of Land Parcel • Transferred development rights (13,391 sq m leasehold land) to Fen- kin Infinity LLP for modern Commercial land in the heart of Thane commercial/IT park. • GEE
Slide 26: Strategic Sector Exposure and Growth Outlook
STRATEGIC SECTOR EXPOSURE AND GROWTH OUTLOOK GEE Ltd leverages empanelment with top players in India's high-growth sectors, ensuring competitive advantage in regulated markets with high barriers and switching costs. Its welding consumables are vital for metal fabrication across infrastructure, defen
Slide 27: Growth from Organic and Inorganic Expansion
GROWTH FROM ORGANIC AND INORGANIC EXPANSION Organic Expansion: New Product Lines Inorganic Growth: Targeted Acquisition Map Prioritize scale, Adjacency launches with low capex and rapid channel fit margin, channel, and technology with tickets of 50-100 cr 1. Stainless Steel Wires: 1. Scale: Welding
Slide 28: Capacity and Utilization
CAPACITY AND UTILIZATION Wire Electrode Total Targeted Installed Capacity by FY27: 24,630 MTPA Targeted Utilization by FY29: ~94% Targeted Installed Capacity by FY27: 71,339 MTPA Targeted Utilization by FY29: ~86% Targeted Utilization by FY29: ~91% 53% 50% 106% 48% 94% 90% 39% 38% 36% 59,075 59,075
Slide 29: Industry Growth Drivers
INDUSTRY 05 GROWTH DRIVERS STRICTLY CONFIDENTIAL 29
Slide 30: The Indian Welding Market
THE INDIAN WELDING MARKET The Indian Welding Industry Industry Structure • Fragmented Market: Over 50% of the market is Consolidated Market – $2.1bn - By 2033 held by unorganized, smaller players; the rest is dominated by 15 major dominated by a few branded manufacturers. players The welding consuma
Slide 31: Industry Tailwinds Aligned with Our Growth Strategy
INDUSTRY TAILWINDS ALIGNED WITH OUR GROWTH STRATEGY Industry Trends What this means for Gee Limited Infrastructure Growth Capacity Ramp-Up • ₹1.4T National Infra Pipeline • Utilization scaling from current 48% to ~90% of the existing capacity • Metro, power, railways fueling welding demand • Doublin
Slide 32: Financial Highlights
06 FINANCIAL HIGHLIGHTS STRICTLY CONFIDENTIAL 32
Slide 33: Key Financial Highlights - Q3FY26
KEY FINANCIAL HIGHLIGHTS- Q3FY26 87.4 42.7 Rs Mn 923.5 Rs Mn Rs Mn EBITDA 78.1% YoY Net Profit 230.2% YoY Revenue 14.1% YoY 9.5% from Operation 4.6 % EBITDA Margin 340 bps YoY Net Profit Margin 303 bps YoY 33
Slide 34: Income Statement – Q3 & 9MFY26
INCOME STATEMENT – Q3 & 9MFY26 Particulars (INR Mn) Q3FY26 Q2FY26 Q3FY25 YoY% QoQ% 9MFY26 9MFY25 YoY% Revenue from Operations 923.5 845.5 809.5 14.1 8.1 2,569.7 2,458.7 4.5 Total Expenditure 836.1 764.6 760.4 10.0 9.3 2,347.0 2,288.9 2.5 EBITDA 87.4 89.9 49.1 78.1 -2.8 222.7 169.7 31.2 EBITDA Margin
Slide 35: Annual Income Statement
ANNUAL INCOME STATEMENT Particulars (INR Mn) FY21 FY22 FY23 FY24 FY25 Revenue from Operations 2,525.9 3,234.1 3,956.6 3,691.4 3,388.4 Total Expenditure 2,270.3 2,951.0 3,723.0 3,396.3 3,330.1 EBITDA 255.6 283.0 233.6 295.2 8.3 EBITDA Margin (%) 10.1 8.8 5.9 8.0 0.2 Other Income 15.4 11.9 13.3 7.3 2.
Slide 36: Annual Balance Sheet
ANNUAL BALANCE SHEET Equity & Liabilities (INR Mn) FY24 FY25 Assets (INR Mn) FY24 FY25 Share Capital 52.0 52.0 Fixed Asset 875.8 847.4 Reserves & Surplus 1,990.9 1,883.5 Capital Work In Progress 0.1 3.2 Total Equity 2,042.9 1,935.5 Investment Property 241.8 241.8 Other Intangible Asset 0.3 0.4 Borro
Slide 37: Thank You
THANK YOU GEE LIMITED contactus@geelimited.com KAPTIFY CONSULTING Strategy & Investor Relations | Consulting +91-845 288 6099 www.kaptify.in contact@kaptify.in