Msafe Equipments Limited · BSE:MSAFE
Msafe Equipments — Q1 FY27 Earnings Presentation
26 slides from Msafe Equipments's earnings presentation, Aug 11, 2026
Slide 1: BSE intimation under Regulation 30 - Investor Presentation
Ref No: MSAFE/SE/2026-27/36 Date: 11.08.2026 To, Corporate Relationship Department BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001 BSE Scrip Code: 544695 Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Req
Slide 2: Msafe - Built Strong. Built Safe.
MSAFE PROTECT THE PEOPLE Built Strong. Built Safe.
Slide 3: Disclaimer
PROTECT THE PEOPLE /MSAFE Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Msafe Equipments Ltd(The “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Msafe Equipments — A Scaffolding & Access Solutions Provider
Msafe Equipments — A Scaffolding & Access Solutions Provider PROTECT THE PEOPLE e Msafe Equipments, a Delhi-based Safety Equipment company with manufacturing operations located in Greater Noida, Uttar Pradesh. e Engaged in the manufacturing, sale, and rental of scaffolding and access equipment. e Op
Slide 5: Integrated Manufacturing and Rental Business Model
Integrated Manufacturing and Rental Business Model /MSAFE PROTECT THE PEOPLE Msafe designs, manufactures, sells, and rents access and height-safety equipment for industrial, construction, and infrastructure sectors, offering safe, reliable, and customizable solutions supported by robust design capab
Slide 6: Rental Business Model
Rental Business Model MSAFE ao wo . MS Scaffoldi Alumini An annuity-like model delivering consistent cash flows, harte nici Rantahvcell strong demand, and cross-sell opportunities. 32 - 38% 60 - 66% Per Annum Per Annum WHY SCAFFOLDING RENTAL IS A STRONG BUSINESS MODEL LOW MAINTENANCE REQUIREMENT Sca
Slide 7: Experienced Leadership Team
/MSAFE PROTECT THE PEOPLE Experienced Leadership Team Experienced leadership combining industry expertise, operational excellence, and strategic execution to drive sustainable growth. | rh | ah RUSHIL AGARWAL PRADEEP AGGARWAL AJAY KUMAR KANOI Over 36 years of experience in Over 5 years of experience
Slide 8: Board of Directors
Board of Directors PROTECT THE PEOPLE MSAFE PRADEEP AGGARWAL Chairman & Managing Director Over 32 years of diversified experience across business management and operations. RAJANI AJAY KANOI Non-Executive Director 4+ years of experience in the scaffolding industry, with focus on receivables manageme
Slide 9: Led by Experienced Professional Management
Led by Experienced Professional Management MSAFE PROTECT THE PEOPLE A committed and experienced management team driving MSafe's growth through expertise, leadership, and operational excellence pal 17 MONIKA AGARWAL GAURAV AJAY KUMAR KANOI \ . \ Ze afm [atm |: VIPIN KUMAR JHA HITENDER SOMBIRBISLA Chi
Slide 10: Led by Experienced Professional Management
Led by Experienced Professional Management PROTECT THE PEOPLE A dedicated team of professionals bringing diverse expertise and leadership to drive MSafe's continued growth and operational excellence. | sim VIBHA KAPOOR VANSH AGGARWAL RAHUL KANDOI \ a NE git: a | ade RENUKA UNIYAL ASHISH RAI PRATYUSH
Slide 11: Management Commentary
Management Commentry /MSAFE We started FY27 with healthy momentum, delivering 40% year-on-year revenue growth while maintaining an operating margin of Approx “40% and PAT margin of Approx ~23%. Margins remained stable despite inflation, supported by rental business expansion, higher rental asset dep
Slide 12: Steel Scaffolding Projects
STEEL SCAFFOLDING PROJECTS SAFE PROTECT THE PEOPLE SMCORE INDIA PRIVATE LIMITED Site — Reliance Greens, Jamnagar Dist. HINDALCO SS TATA PROJECTS Micron Site - Sanand, Gujarat Sanand, Ahmedabad
Slide 13: Aluminium Scaffolding Projects
PROTECT THE PEOPLE ALUMINIUM SCAFFOLDING PROJECTS Va ISAFE FUNCTION NEON , = ‘ BENGAL AMBUJA HOUSING Site — Site —- Nexus Celebration Mall, Udaipur Z ! BAHDL, Rajarhat, Kolkata =a HIMADRI CHEMICAL Site: Singur Plant, Hooghly, WB sae | U7 Sai et MAL ASSET MANAGEMENT Site - Brigade Triumph Commercial
Slide 14: Diverse and Reputed Customer Base
Diverse and Reputed Customer Base MSAFE PROTECT THE PEOPLE The Company serves a diversified customer base across infrastructure, construction, industrial, HVAC, and interior fit-out segments. During FY26, over 2,500 customers were served through sales and rental channels, supporting stable, repeat b
Slide 15: Q1 FY27 - Performance Snapshot
Q1 FY27 - Performance Snapshot MSAFE Strong start to FY27 with robust growth across key financial metrics, reflecting improved operational performance and business momentum. REVENUE FROM OPERATIONS OPERATING PROFIT (= Lakhs) (= Lakhs) * 3,178.68 1,262.21 727.24 2,272.00 rs Ludi = Q1 FY26 Q1 FY27 Q1
Slide 16: Revenue Mix by Product and Services
Revenue Mix by Product and Services /MSAFE PROTECT THE PEOPLE 39.91% = 3,178.68 > = 3,178.68 YoY Growth LAKHS LAKHS % 2,272.00 = 2,272.00 LAKHS LAKHS Aluminium Sales % 1,129.41 44.48% Aluminium Sales NEEGEE MS Sales 46.62% 2284.37 MS Sales 2222.87 Aluminium Rental Aluminium Rental % 1,197.63 % 968.3
Slide 17: Key Financial Highlights
Key Financial Highlights PROTECT THE PEOPLE /MSAFE Revenue (in = Lakhs) EBITDA . (in = Lakhs) 10,349.96 7,134.07 4,813.09 2,969.77 oS 2607.75 1511.5 918.89 oS 4086.75 t FY25 F¥26 t FY25 T FY26 “4 74 PAT (in = Lakhs) 1301.21 of 18 2242.02 FY23 FY25 —— CAGR (FY23-FY26) —— 51.6% = 6 —— CAGR (FY23-FY26)
Slide 18: Key Financial Highlights
PROTECT THE PEOPLE Key Financial Highlights MSAFE Z| PAT Margin (in) <a EBITDA Margin (in % anal 21.66% — 39.49% 18.24% | — sia0% gerne FY26 FY23 FY24 FY25 FY26 % | ROE (in) G | ROCE (in %) 34.56% 85.68% 69.99% i 28.04% 67.97% 23.28% 24.32% | a a a | FY25 FY23 FY24 FY25 FY26 FY23 FY24 FY26
Slide 19: Capacity Expansion to Support Multi-Year Growth
Capacity Expansion to Support Multi-Year Growth /MSAFE PROTECT THE PEOPLE Eee Aluminium Scaffolding & Ladders BE MS Scaffolding (in kg lakhs) (in kg lakhs) Expanded 50 90.00 40 9 62.85 a < 30 25.12 or EI g pea z 20 15.12 see? “ y =. 0 Existing Capacity Total Capacity Existing Capacity Total Capacity
Slide 20: Expansion into Aluminium Formwork Solutions
Expansion into Aluminium Formwork Solutions /MSAFE PROTECT THE PEOPLE | ) ABOUT ALUMINIUM FORMWORK ¢ Aluminium Formwork is a modern construction system used for monolithic casting of walls, slabs, columns, and beams. e Enables faster construction, superior quality, and high structural strength with
Slide 21: Key Investment Rationale
Key Investment Rationale MSAFE A compelling combination of strong fundamentals, scalable business model, and industry tailwinds driving sustainable growth and long-term value creation. 3 Ks SHIFT TO STRONG FINANCIAL MULTI-MODEL EM. ILWINDS ORGANISED SECTOR PERFORMANCE BUSINESS DEMAND TAI , ; , © ROE
Slide 22: Way Forward Strategies
Way Forward Strategies PROTECT THE PEOPLE /MSAFE Building a scalable rental-led platform across safety equipment and innovative building materials, particularly in categories with low organised penetration or where differentiated solutions remain underserved in India. Capacity Already Expanded MS sc
Slide 23: Annexure: Profit & Loss Statement for Q1FY27
Annexure: Profit & Loss Statement for QIFY27 PROTECT THE PEOPLE Revenue From Operations Other Income Cost of Material Consumed Changes in Inventories Employee Benefit Expenses Finance Costs Depreciation & Amortization Other Expenses Total Expenses Profit Before Tax (PBT) Total Tax 3,178.68 2,272.00
Slide 24: India Aluminium Scaffolding Market
INDIA ALUMINIUM SCAFFOLDING MARKET /MSAFE PROTECT THE PEOPLE Rental-led growth with Aluminium scaffolding market expanding at ~10.25% CAGR through 2030 Overall ~10.25% CAGR (P) Rental Model ° 3 59.2% 40.8% ~10.54% CAGR (P) Sale ~9.85% CAGR (P) 2024 2030 P Market Size %1,298.48 Cr Market Size ¥2,333.
Slide 25: India Steel Scaffolding Market
INDIA STEEL SCAFFOLDING MARKET /MSAFE PROTECT THE PEOPLE Rental remains dominant as the Steel scaffolding market grows at ~10.19% CAGR through 2030 Overall ~10.19% CAGR (P) Sales Model Rental Sales Model Rental Model 41.9% ~10.54% CAGR (P) Rental Model 40.78% 58.1% 59.22% Sale ~9.69% CAGR (P) 2024 2
Slide 26: /MSAFE
/MSAFE PROTECT THE PEOPLE Address: A-57, 7th Floor, Sector-136, Noida, UP - 201301 E-mail: cs@msafegroup.com Website: www.msafegroup.com CIN: U29309DL2019PLC353936 ( + MOONWALK — CARIT AL — Elevating Vision. Empowering Growth. Moonwalk Capital IR Team Phone: +917014618970 E-mail: investorrelations@m