Sanghi Industries Limited · NSE:SANGHIIND
Sanghi Industries — Investor Presentation (February 2026)
38 slides from Sanghi Industries's investor presentation, Feb 4, 2026
Slide 1: Cover letter to stock exchanges
February 4, 2026 To, To, BSE Limited National Stock Exchange of India Limited PJ Towes, Dalal Street Exchange Plaza, Bandra - Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051. Scrip Code: 526521 NSE Symbol: SANGHIIND Sub.: Investors Presentation - Investors / Analysts conference. Dear Si
Slide 2: One Cement Platform: Ambuja Cements Investor Presentation
ONE CEMENT PLATFORM Ambuja Cements Investor Presentation | February 2026
Slide 3: Contents
Contents 1 Executive Summary 2 Investment Highlights 3 ESG Annexures Conversion Rate: 1 USD = Rs 89.92 as of 31st December 2025 STRICTLY CONFIDENTIAL
Slide 4: Executive Summary
1 Executive Summary STRICTLY CONFIDENTIAL
Slide 5: India | Colossal Growth Opportunity
India | Colossal Growth Opportunity Key Highlights: Fastest growing economy + large consumer base…. …needs critical infra in transport and logistics Fastest Growing Large Economy Large Consumer Base Under penetration of Air Travel High logistics cost G20 Real GDP CAGRs, 2014 to 2024 (%) Top 10 Count
Slide 6: India | Cement sector growth is structural and not cyclical
India | Cement sector growth is structural and not cyclical 1 Cement Consumption per capita 2 India Cements per capita 3 Urban rise, income surge, 4 Government Policy Support & has strong correlation with GDP consumption has the growth government capex = more Tailwinds per capita potential from 2x t
Slide 7: Cement Demand | Government Infra Projects and Robust Demand from Housing
Cement Demand | Government Infra Projects and Robust Demand from Housing to Drive Growth Segment wise Cement Demand Macro Economic Factors Macro • Strong demand, favorable policy (tax reforms, infrastructure), resilient consumption, and rising investment to Economics drive Indian economy • FY’26 GDP
Slide 8: Adani Portfolio: A World Class Infrastructure & Utility Portfolio
Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Incubator Materials, Metal Energy & Utility Transport & Logistics Specialty & Mining (73.97%) (62.43%) (74.96%) (68.02%) (67.64%)4 AEL1 AGEL APL APSEZ3 Ports & Lo
Slide 9: Adani Cement in Global Context
Ambuja | Global Context 01 02 03 04 Adani Cement in Global Ambuja Cements Ambuja Cements is the Ambuja Cements is Ambuja Cements is the Context world’s ninth-largest pioneering the world’s first selected for first Indo- first Indian cement cement company and commercial deployment Swedish Carbon comp
Slide 10: Cement as a core adjacency to Adani's Infrastructure Ecosystem
Cement as a core adjacency to Adani’s Infrastructure Ecosystem Turbocharging Ambuja Cements – Capacity in MTPA Ambuja Cements By acquiring Holcim’s stake, Adani instantly became India’s 2nd largest cement producer, positioning itself as a dominant player in the sector. 16% 17% A rare opportunity to
Slide 11: Ambuja | PAN India Cement Powerhouse
Ambuja | PAN India Cement Powerhouse Amalgamation of ACC and Orient with Ambuja Cements, creating a unified ‘One Cement Platform’ 1 Operational and Financial Synergies 2 Simplified Corporate Structure ONE CEMENT 3 Strong and Debt-Free Balance Sheet PLATFORM 4 Direct Shareholding in a Stronger Entity
Slide 12: Ambuja: One of the Largest Global Cement Manufacturers
Ambuja: One of the Largest Global Cement Manufacturers Pan India Footprint For the Quarter Ended December 31, 2025 109 MTPA* 67.3% Cement Capacity Clinker factor 24 22 Integrated Units Grinding Units 77% 117 Share of Blended Cement Ready-Mix Concrete plants 10 11 Bulk Cement Terminals Captive Ships
Slide 13: Performance at a Glance 9MFY'26
Ambuja: Performance Highlights Performance at a Glance 9MFY’26 Ambuja Consolidated +19% +22% +62% +36% YoY YoY YoY YoY 564 53.8 3,307 10.5 2,713 * 7.7 * 45.3 349 * 9M FY'25 9M FY'26 9M FY'25 9M FY'26 9M FY'25 9M FY'26 9M FY'25 9M FY'26 4 Cement Volume Revenue EBITDA EBITDA (MnT) ($ Mn) ($ Mn) ($ PMT
Slide 14: Performance at a Glance Q3FY'26
Ambuja: Performance Highlights Performance at a Glance Q3FY’26 Ambuja Cement Consolidated +17% +20% +53% +31% YoY YoY YoY YoY 150 18.9 1,143 8.0 16.2 955 * 98 * 6.1 * Q3FY'25 Q3FY'26 Q3FY'25 Q3FY'26 Q3FY'25 Q3FY'26 Q3FY'25 Q3FY'26 Cement Volume Revenue EBITDA EBITDA (MnT) ($ Mn) ($ Mn) ($ PMT) Compa
Slide 15: Ambuja: Post Acquisition Growth Trajectory
Ambuja: Post Acquisition Growth Trajectory Capacity (MTPA) EBITDA ($ per tonne) Green Power Share (%) 155 1 17 60% 2 4 109 * 115 10.5 38% 8.2 68 7% 3 At the time of Dec'25 Mar'28 At the time of Dec'25 3 Mar'28 At the time of Dec'25 Mar'26 Mar'28 Acquisition Acquisition Acquisition (Sept'22 TTM) (Sep
Slide 16: Ambuja: Key Investment Highlights
Ambuja: Key Investment Highlights Key Investment Highlights • The amalgamation of ACC and Orient Cement with Ambuja Cements was announced, creating a pan-India cement powerhouse under a single 1 corporate structure. Capacity Roadmap Existing assets delivered a PMT EBITDA of ~$ 12 PMT, overall EBITDA
Slide 17: Investment Highlights
2 Investment Highlights STRICTLY CONFIDENTIAL
Slide 18: Capacity Roadmap: ~109 at present, 115 by Mar'26 and 155 MTPA by Mar'28
1 Capacity Roadmap: ~109 at present, 115 by Mar’26 and 155 MTPA by Mar’28 exit Sanghi (6.1 MTPA) Penna (10 MTPA) Organic Organic Asian (1.5 MTPA) Orient (8.5 MTPA) Growth Growth +9 MTPA +20 MTPA +12 MTPA +46 MTPA 155 # * 24 15 117 97 10 109 8 68 77 1 2 3 4 5 6 7 8 9 10 Debottlenecking Sept’22 FY24 F
Slide 19: Portfolio Synergies: Operational Synergies accruing to each business
2 Portfolio Synergies: Operational Synergies accruing to each business in Portfolio Adani Portfolio Ecosystem EPC & PMC O&M Human Resource ✓ Synergy benefits between AIMSL GCC AIIL1 Centre of Centre of Centre of Excellence Excellence Excellence entities providing assurance on Supply chain and off En
Slide 20: Portfolio Synergies: Project Management & Assurance Group (PMAG)
2 Portfolio Synergies: Project Management & Assurance Group (PMAG) Institutionalised Project Execution Demonstrated On-ground Capex Delivery Adani Infra (India) Limited | ITD Cementation India Ltd. | PSP Projects Ltd. $ 50,156 Mn Cumulative capex by Adani Portfolio during FY20 - FY25 Origination Sit
Slide 21: IT Enablement: Digitally Enabled Operations Delivering High System Availability
3 IT Enablement: Digitally Enabled Operations Delivering High System Availability • CiNOC (Cement Intelligent Network Operations Centre) launched to infuse in operations & businesses an AI layer deep into our enterprise fabric, which will facilitate paradigm shift in operations • Digital sales platf
Slide 22: IT Enablement: Embedding Intelligence at the Core of Digital Strategy
3 IT Enablement: Embedding Intelligence at the Core of Digital Strategy 01 02 03 Reimagining and Reengineering Strategic Differentiation Future-Proofing with Sustainable the Core at Scale Intelligence Establishing digital foundations to scale Unlocking value through customer Embedding circularity, f
Slide 23: Market Leadership: Cement as a service, pioneering a sustainable future
4 Market Leadership: Cement as a service, pioneering a sustainable future Cement as a Service: Pioneering a Sustainable Future White Premium Precast Green Building Value additions RMX Aggregates Cement Cement Concretes Solutions Cables/ Building Material Cement Wires Solutions Fly Ash/ Green/Renewab
Slide 24: Market Leadership: Product Portfolio
4 Market Leadership: Product Portfolio 23
Slide 25: Market Leadership: Product Portfolio
4 Market Leadership: Product Portfolio Comprehensive Building Materials & Concrete Solutions Ready Mix Concrete Aggregates Alccofine DmX (Dry Mortars) AAC Blocks Wall Putty LmX Fly Ash 24
Slide 26: Balance Sheet Strength: Debt free balance sheet with strong cash reserves
5 Balance Sheet Strength: Debt free balance sheet with strong cash reserves Cash & Cash Equivalents position 1,126 Orient acquisition ~ $657 Mn 330 202 168 Mar-25 Jun-25 Sep-25 Dec-25 Net worth at $7.8 Bn, up by $40 Mn during the quarter, continue to remain debt free, highest rating of Crisil and CA
Slide 27: ESG
3 ESG STRICTLY CONFIDENTIAL
Slide 28: Ambuja: ESG Updates
Ambuja: ESG Updates Material topic Ambuja ACC UN SDGs Climate & Energy 2030 TARGETS STATUS YTD FY 26 2030 TARGETS STATUS YTD FY 26 (Gross specific CO2 emissions - Kg/T) 442* 537 421* 538 Climate & Energy 60.0% # (Green Power) 33.8% 60.0% 29.3% Circular Economy (Use of waste derived resources in MnT)
Slide 29: Ambuja: Impressive ESG credentials and resilient credit ratings
Ambuja: Impressive ESG credentials and resilient credit ratings Rating Agencies Ambuja ACC DJSI (CSA) 90 * 89 * CDP – Climate Change B A CDP – Water Security A A CDP – Supplier A- A- Engagement Assessment 25.7 23.4 Sustainalytics (22/122 global rank) (13/122 global rank) MSCI BB – CRISIL 56 57 NSE 6
Slide 30: Ambuja: Board of Directors and Management Overview
Ambuja: Board of Directors and Management Overview 100% Chaired by IDs IDs Board of Directors Statutory Committees 40% Independent Directors - Audit 🗹 Comprised of only Independent - Nomination & Remunerations 🗹 Directors - Stakeholder Relationship 🗹 100% of - Corporate Social Responsibility 🗹…
Slide 31: Annexures
Annexures STRICTLY CONFIDENTIAL
Slide 32: Historical Financial Performance | Consolidated Profit & Loss
Historical Financial Performance | Consolidated Profit & Loss (Published) 9MFY’26 Insights Particulars Unit FY24 FY25 9MFY26 Revenue from Operations Mn $ 3,688 3,897 3,307 Other Income Mn $ 130 295 67 53.8 MTPA Total Income Mn $ 3,817 4,193 3,374 Volume Raw Material Cost Mn $ 615 726 527 Employee Be
Slide 33: Historical Financial Performance | Consolidated Balance Sheet
Historical Financial Performance | Consolidated Balance Sheet (Published) As on As on As on Particulars Unit 31-Mar-24 31-Mar-25 30-Sep-25 Assets Non-Current Assets Property, Plant and Equipments $ Mn 2,223 2,742 3,551 Right of Use Assets $ Mn 84 163 177 Capital Work-in-Progress $ Mn 296 1,092 1,165
Slide 34: Iconic Structures and Buildings
Iconic Structures and Buildings Reinforcing a legacy of landmark projects, the Company continues to play a pivotal role in India’s infrastructure and realty landscape Chenab River Arch Bridge Atal Setu Samruddhi Mahamarg Kolkata’s Underwater East West Mumbai Coastal Road World One, Worli - Mumbai Me
Slide 35: Accolades & Awards
Accolades & Awards 01 Adani Cement plants bag 10 awards including 03 Recognised with the ‘Best CX and Influencer 05 Adani Cement plants honoured with Diamond ‘National Energy Leader’ at 26th CII National Mastery’ award at 12th Digital Customer Awards at the ICON SWM 2024–25 for excellence Award for
Slide 36: Commissioned 2.4 MTPA Cement Grinding Unit in Marwar Mundwa
Inauguration of ASCENT by Mr. Karan Adani, Non-Executive Director and Mr. Vinod Bahety, CEO - Cement Business Marwar Vertical Roller Cement Mill Commissioned 2.4 MTPA brownfield Cement Grinding Unit in Marwar Mundwa, Rajasthan, increasing Ambuja’s total capacity to ~109 MTPA 35 Inauguration by Mr. K
Slide 37: Commissioned 4 MTPA Clinker Unit in Bhatapara
Line 3 Bhatapara Clinker unit (line 3) Kiln light up by Mr. Vinod Bahety, CEO - Cement Business Clinker Silo Commissioned 4 MTPA brownfield Clinker Unit in Bhatapara, Chhattisgarh, raising total consolidated clinker capacity to 66 MTPA
Slide 38: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Ambuja Cements Limited (“Ambuja”), the future outlook and growth prospects, and futu
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