Naman Industries Proxima Limited · NSE:NAMAN
Naman Industries Proxima — Naman In-Store (India) — H1 FY26 Earnings Presentation
35 slides from Naman Industries Proxima's earnings presentation, Nov 8, 2025
Slide 1: Intimation to the Stock Exchange
nil Factory & Regd. Office : Kantharla industrial Estate. Survey No.: 90/3/2/B, Opp. Sopara Phata Police Station, At & Post-Pelhar, N. H. No.8, Taluka - Vasal, Dist-palghar, Pin: 401208. CIN: L74140MH201 OPLC205904 Phone: +91 8087042862 Date: 08th November, 2025 To, National Stock Exchange of India
Slide 2: Naman In-Store (India) Limited Investor Presentation H1FY26
NAMAN IN-STORE (INDIA) LIMITED Transforming Space I N VE S T OR P R E S E N T A T I O N – H 1 FY 2 6 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Naman In-Store (India) Limited (the “Company”), are solely for information purposes. The information contained in this Presentation is based on data and sources the Company considers reliable.
Slide 4: Contents
Contents Company Overview H1FY26 – Financial Highlights Key Differentiator Annexure 3
Slide 5: Company Overview
(J | l ry, Naman In-store India Limited COMPANY OVERVIEW
Slide 6: Naman: Building Space, From Fixtures to Future Growth
Naman Building Space, From Fixtures to Future Growth Over a two decade of expertise in design-to-delivery solutions for Rs. 156 Cr. 45% Retail and Industrial Spaces 2010 Revenue Revenue CAGR Founded (FY25) (FY22-25) Delivering end-to-end solutions with innovation, precision, and customer focus Servi
Slide 7: The 360° Fixture Partner – Design to Delivery
The 360° Fixture Partner – Design to Delivery We deliver prominent display and retail fixture solutions across multiple industries through a B2B model. End to end solutions with an average TAT of ~ 60 - Industry we cater to… Clients we engage with… 75 Days Customer o Lead generation, inquiries, desi
Slide 8: From vision to execution – one partner, every detail
From vision to execution – one partner, every detail NAMAN-IN STORE Retailers get speed, consistency, and reduced Vendors benefit from headaches, since they 01 01 clear briefs, structured don’t need to deal with coordination, and quality multiple vendors or benchmarks, reducing project managers back
Slide 9: Business Segments – Retail & Industrial Fixtures
Business Segments – Retail & Industrial Fixtures RETAIL SEGMENT INDUSTRIAL SEGMENT REVENUE % FROM TOP 10 PROBLEM STATEMENT CUSTOMERS o Retailers experience delays and inconsistency when dealing with multiple vendors o Expanding brands increasingly seek turnkey partners for speed & standardization OU
Slide 10: Retail Industry Expansion
Retail Industry Expansion Key Growth Drivers For Naman Organized Retail – The Accelerating India’s Retail Boom: On Track for $2 Demand Driver for Naman Trillion & Beyond India Retail Market in Million India Offline Retail Market in Sq.Ft Billions 1605 984 675 860 2024 2030 2022 2030 THE RETAIL BUILD
Slide 11: Macro Tailwinds Driving Naman In-Store Growth
Macro Tailwinds Driving Naman In-Store Growth Retail Boom Capex Rising India 4th globally; Higher spend on store Trusted 4,700 new stores added fit-outs, benefitting for in FY23 organized players expanding retail brands Shift to Tier-2 Organized Expansion Retail to Global brands entering From mom-an
Slide 12: H1FY26 – Financial Highlights
H1FY26 – FINANCIAL HIGHLIGHTS 11
Slide 13: Chairman Message
Chairman Message Raju Mathuradas Paleja Chairman & Managing Director We are pleased to share our progress for H1FY26, reflecting steady performance and continued strengthening of our domestic partnerships Despite rising competition, we have continued to sustain our market share, reflecting the stren
Slide 14: H1 & FY26 Highlight
H1&FY26 - Highlight Sustained Switchgear Capacity Category Export Market Business Expansion Expansion Revival Position Launch Entered new high- Maintained market Initiated work on New facility under Focus on potential position despite the switchgear development; rebuilding export rising competition
Slide 15: Financial Performance – H1FY26
Financial Performance – H1FY26 Total Operating Income (in rupees Cr.) Segmental revenue contribution 72.7% 66.1% 67 70 2.8% 2.9% 5.5% 24.4% 25.6% H1FY25 H1FY26 H1FY25 H1FY26 Industrail Govt. PAT (in rupees Cr.) & PAT Margin EBITDA (in rupees Cr.) & % EBITDA 4.03 Margin % 0.5% 15.3 5% % 6 10 0.32 3 H
Slide 16: Income Statement
Income Statement Particulars (₹ Mn) H1FY26 H1FY25 YOY% FY25 FY24 Total Operating Income 69 66 3.7% 156 144 Other Income 0.96 0.66 43.5% 1.49 Cost of Materials 40 39 63.5% 94 87 Change in inventory -0.17 -4.42 -3.98 -16 Employee Benefit 5 4 19.9% 9 9 Other Expenses 22 19 24.8% 42 43 EBITDA 3 10 -42%
Slide 17: Balance Sheet
Balance Sheet Particulars H1FY26 FY25 FY24 Particulars H1FY26 FY25 FY24 Equity and Liabilities Assets Shareholders' Fund Non current assets Property, Plant and Share capital 13.07 13.07 10.55 Equipment and 21.99 21.42 17.82 Reserves and surplus 66.64 66.31 27.71 Intangible Assets Networth 79.71 79.3
Slide 18: Strategic Priorities
Strategic Priorities Leveraging Existing Entry into Domestic Internatio Airport Infrastructure & B2C Market nal Expansion Expertise Markets Expansion Expansion Naman is Exploring Executed 18+ Strong presence in Debut in exports strategically offerings smoking Western & Southern with first order expa
Slide 19: Growth Acceleration Strategy
Growth Acceleration Strategy New Factory Impact of Capacity Expansion o At Current capacity peak revenue o Location: Wada, Maharashtra potential : ₹175–180 Cr o Timeline: Facility to be o Post-expansion expected revenue: operational in 12–18 months ₹270–300 Cr (~70% increase) o Capex: Estimated at ₹
Slide 20: Outlook & Guidance
Outlook & Guidance FY26 FY27 FY28 EBITDA margin expected EBITDA margin will EBITDA margin is to reach 10-11%. remain at a expected to remain Revenue target of sustainable level of stable at 5-6%. ~₹175 crore, supported ~12% Revenue to remain by new verticals — Revenue expected to stable at ₹150 - ₹1
Slide 21: Key Differentiator
KEY DIFFERENTIATOR 20
Slide 22: Our Competitive Edge
Our Competitive Edge Strong client Advanced in- PAN-India Turnkey Stable relationships house presence and solutions Financia with high manufacturing execution backed by l entry barriers capabilities strength experienced team 21 NAMAN-IN STORE Investor Presentation
Slide 23: Strong client relationships with high entry barriers
Strong client relationships with high entry barriers Customized Solutions Repeat customers vs new customers 01 Every project is designed to meet onboarded unique client specifications across formats, materials, and finishes 5% Long-Term Relationships 20% 02 Once onboarded, clients typically 30% rema
Slide 24: Advanced in-house manufacturing capabilities
Advanced in-house manufacturing capabilities o Design and prototyping, metal and wood fabrication, Retail Installed Capacity thermoforming/vacuum forming, acrylic Manufacturing processing 36,00,00 36,00,00 36,00,00 o powder coating, liquid painting, 0 0 0 Capabilities 40 ,0 0,0 00 80 % cutting, digi
Slide 25: PAN India Offerings
PAN India Offerings ladak h Jammu & Kashmir Himachal Pradesh Punjab Chandigarh Uttarakha nd Haryan a Delhi Uttar Assam Nagaland Rajasthan Pradesh Naman aspires to be a leading Biha r emerging market company with a Jharkhan Tripur leadership position in categories Madhya Pradesh d West Bengal a Gujar
Slide 26: Turnkey solutions
Turnkey solutions Innovation Hub Turnkey Solutions Dedicated design and technical End-to-end design and teams delivering creative, execution of retail fit-out tailored solutions projects Customer-Centric Integrated Capabilities Mapping market trends and client All design, engineering, needs to ensur
Slide 27: Stable Financials
Stable Financials Revenue EBITDA & Margin Net Profit & Margin 45 % 14.5% 6.4% CAGR 4.0% 9.5% 7.4% 0.5% 2.9% 6.0% 150 145 156 21 9 15 6 51 11 4 3 0 FY-22 FY-23 FY-24 FY-25 FY-22 FY-23 FY-24 FY-25 FY-22 FY-23 FY-24 FY-25 ROE ROCE Debt to Equity 105.9% 24.5% 23.0% 4.7 10.7% 12.6% 41.6% 6.8% 15.… 0.2 FY
Slide 28: Proven Track Record with Marquee Clients
Proven Track Record with Marquee Clients 27 NAMAN-IN STORE Investor Presentation
Slide 29: Annexure
ANNEXURE 28
Slide 30: Key Milestones
Key Milestones 1999 2015 2022 2024 Company founded by Raju Naman collaborates Embarked on Phase 3 of growth Successfully Paleja in 1999 under with an industry and diversification and the listed on NSE SME different business names. partner, expanding client base diversifies from platform, Initially f
Slide 31: Management Team
Management Team MR. RAJU PALEJA MR. JAY SHAH MR. MEHUL NAIK MR. SHAHID SHAIKH MS. FORAM DESAI Chairman & Managing Whole Time Whole Time Whole Time Whole Time Director Director Director Director Director MR. ANAND KHANNA MR. NIRAJ SETH MS. FENI SHAH MS. HARSHANGIBEN SOLANKI MS. HEMALI SHAH Independen
Slide 32: Historical Income Statement
Historical Income Statement Particulars (₹ Mn) FY23 FY24 FY25 Total Operating Income 150 145 156 Other Income 1 Cost Of Materials 98 87 94 Change in inventory -1 -16 -4 Employee Benefit 6 9 9 Other Expenses 35 43 42 EBITDA 11 21 16 EBITDA % 7.3 14.5% 10.2% Finance Cost 3 4 4 Depreciation 2 3.9 3.8 P
Slide 33: Balance Sheet
Balance Sheet Particulars FY23 FY24 FY25 Particulars FY23 FY24 FY25 Equity and Liabilities Assets Shareholders' Fund Non current assets Share capital 1.40 10.55 13.07 Property, plant, equipment 12.56 17.82 21.42 Reserves and surplus 4.89 27.71 66.31 Intangible assets - - - Networth 6.29 38.26 79.38
Slide 34: Cashflow Statement
Cashflow Statement Particulars FY23 FY24 FY25 Net profit before tax as per Profit and Loss a/c 5.71 12.33 8.5 Adjustments for: Depreciation & Amortization expense 2.35 3.9 3.96 Finance Charges 3.11 4.3 3.75 Interest Income -0.08 -0.1 -1.37 Others 0.03 0.4 0.18 Operating Profit before Working Capital
Slide 35: Thank You
Contact Name Naman In-store India Limited Tel: +91-8087042862 Email: investors@nipl.co Ms. Deepika Sharma Tel: +91-8451029510 Email: deepika@goindiaadvisors.com Investor Relations THANK YOU 34
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