K2 Infragen Limited · NSE:K2INFRA
K2 Infragen — Investor Presentation (May 2026)
39 slides from K2 Infragen's investor presentation, May 27, 2026
Slide 1: NSE Regulation 30 Disclosure Cover Letter
T \ Corporate Office Unit No. 7, 5th Floor, Tower 2, Capital Business Park, Sector 48, Gurugram, Haryana 122001 Tel / Fax : +91 124 4896700 Date: May 27, 2026 To The Manager Listing Department National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (
Slide 2: May 2026
May - 2026
Slide 3: Snapshot
Snapshot 11 Years 64+ State of Art 83% on time project 11 Business Presence construction equipment delivery rate in FY26 Ongoing projects 50+ executed Marquee Order book- Healthy debt-equity Projects since inception client base 4,240 Million ratio at 1.16x. 6% 35% 3-year EBITDA 3-year Revenue ROE- 1
Slide 4: Company Overview
Company Overview • Incorporated in 2015, K2 Infragen Ltd (K2) was founded by Mr. Pankaj Sharma, a first generation dynamic Revenue (INR Mn) & EBITDA Margin (%) entrepreneur with over 20 years of experience. • K2 is an integrated Engineering, Procurement, and Construction (EPC) firm, with experience
Slide 5: History
History • Listed on NSE SME platform Secured first mega on April 8, 2024 with Won an INR 48.34 crore order of INR 262 Total Issue Size: INR highway strengthening crore(Inclusive Taxes) K2 Cloud Private 40.54 crore. project in Uttar Pradesh directly from Indian Limited • Marked Entry into and an INR
Slide 6: Board of Directors
Board of Directors Pankaj Sharma Mr. Vikas Lakhanpal Naresh Kumar Priya Sharma Founder & MD Whole Time Director Director Director Pankaj Sharma is the Managing Director of the Mr. Vikas Lakhanpal brings nearly 30 years of Mr. Naresh is a Civil Engineer with 26 years of Ms. Priya Sharma, 41, is the P
Slide 7: Key Management
Key Management Priyanka Pareek Jyoti Pulyani Vineet Sharma Pushpendra Singh Chief Finance Officer Company Secretary Head Business Strategy & Corporate Affairs VP Projects Ms. Priyanka Pareek became the CFO of K2 Infragen in Ms. Jyoti Pulyani, 33, was appointed as Company Mr. Vineet Sharma, a Science
Slide 8: Geographical Presence
Geographical Presence Haryana Karnataka NWR, L&T, ISGEC, HGIEL DBL, KPTCL Delhi & NCR Madhya Pradesh L&T, SPCL TATA, GR INFRA, PWD, HCL Uttar Pradesh Gujarat VTL, L&T, KEG, GMR, MCL, DBL, NHAI ADANI, NHAI Bihar Rajasthan L&T, SPCL NWR, L&T, GAWAR, HGIEL, TATA, RRVPNL, PWD, ESSEL, LANCO, SPG Odisha V
Slide 9: Marquee Clients
Marquee Clients Investor Presentation 8
Slide 10: Awards
Awards Investor Presentation 9
Slide 11: Business Overview
Business Overview
Slide 12: Project Life Cycle
Project Life Cycle Design Work Survey Work Project Management Quality Monitoring We specialize in designing Our survey services include a Our project management Our quality management structures for a variety of comprehensive analysis to services encompass services involve actively civil constructio
Slide 13: Our Sectors
Our Sectors Water Supply Infrastructure Railways • Project Planning and Design • Track Construction and Infrastructure • Construction and Installation • Passenger Facilities • Commissioning and Operationalization • Signal and Telecommunication Infrastructure Roads & Bridges Civil Work Projects & Bui
Slide 14: Order Book
Order Book Total Ongoing Project Value: INR 6,623 Million Unexecuted: INR 4,240 Million Sectoral Distribution 0.21% 1.91% 5.49% 38.53% 53.86% Roads Water Supply Power Transmission & Distribution Railways Data as of 31st March 2026 Investor Presentation 13
Slide 15: Ongoing Projects
Ongoing Projects Ongoing Projects: Eleven active projects across roads, power transmission, railways, and civil building construction. Key Projects include: • Railway Electrification Project: Bhildi Section (2×25 kV System), Jodhpur Division (INR 2,621 Million project value). • Highway Project in Gu
Slide 16: Railway Projects
Railway Projects • Comprehensive railway infrastructure services, including track laying, construction of boundary walls, rail-over-bridges, station facilities, and overhead electrification works. Revenues (INR Mn) • Construction of staff quarters and signal & telecommunication buildings. • Strong f
Slide 17: Power Transmission & Distribution (T&D) Projects
Power Transmission & Distribution (T&D) Projects • End-to-end EPC services for power infrastructure projects, including conceptualization to commissioning. Revenues (INR Mn) • Design, construction, and maintenance of ultra-high, extra-high, high, medium, and low voltage power lines, substations, and
Slide 18: Road and Bridges Projects
Road and Bridges Projects • Building and upgrading national and state highways using the EPC model. • Development of major and minor bridges, road-over-bridges (ROBs), and road-under-bridges Revenues (INR Mn) (RUBs). • Constructing culverts and drainage systems as part of road infrastructure. 1,434
Slide 19: Water Supply Projects (WSP's)
Water Supply Projects (WSP’s) • End-to-end WSP services from survey and design to commissioning and maintenance. • Expertise in pipeline installation, water tanks, treatment plants, and household tap connections. Revenues (INR Mn) • Integration of electromechanical components and geo-tagging for tra
Slide 20: Civil Work Projects & Building Construction
Civil Work Projects & Building Construction • Engaged in construction of residential, commercial, and industrial buildings. • Delivers civil infrastructure projects for public utilities and institutional facilities. Revenues (INR Mn) • Executes development works including structural, architectural,
Slide 21: Renewable Energy Projects
Renewable Energy Projects • End-to-end EPC capabilities for solar projects, including design, engineering, procurement, and construction • Execution of large-scale and distributed solar power projects, including solar pumps (KUSUM)Delivery of clean-energy solutions with focus on operational efficien
Slide 22: Industry Overview
industry Overview
Slide 23: Infra Industry
Infra Industry • The India Infrastructure Sector Market size is estimated at USD 223.59 billion in 2025, and is expected to reach USD 353.11 billion by 2030, at a CAGR of 9.57% during the forecast period (2025-2030). • India's aspirations to attain developed nation status by 2047 heavily rely on bol
Slide 24: Indian Railways Industry
Indian Railways Industry INR 2.93 Tn INR 16.7 Tn 27% → 45% 99%+ FY27 Planned Rail Infra Rail Freight Modal Railway Budget Allocation Investment by 2031 Broad Gauge Electrification Share Target Government Focus & Key Growth Drivers Record INR 2.93 Tn railway budget allocation focused on network expan
Slide 25: Power Transmission Industry
Power Transmission Industry Government Focus & Key Growth Drivers INR 9.15 tn plan to enhance national grid and meet 458 GW peak power demand by 2032 under Ministry of Power initiatives INR 9 Tn CAPEX COMMITMENT BY 2032 India’s 500 GW renewable energy target by 2030 expected to significantly increas
Slide 26: Industry
Industry Water Roads • Market to grow from $13B (2023) to $23.8B (2033) at 6.2% CAGR. • India has the 2nd largest road network globally – 64 lakh km total. • 40% of population faces water scarcity. • National Highways: 1.45L km (2022–23) vs 91,287 km (2013–14) – up • Demand to double by 2030, riskin
Slide 27: Strategic Overview
vatégic Overview
Slide 28: Business Strategies
Business Strategies Focus Areas Technology Investments Capex Plans • Expanding into renewable energy • Adoption of AI and IoT for real-time • INR 12 Cr planned for machinery projects like solar and wind. project monitoring. upgrades. • Direct bidding in Transmission and Railway segments. • JV biddin
Slide 29: Key Strengths
Key Strengths Focus on growth Focus on differentiation Our growing market positions in some of the By seamlessly combining our extensive project attractive and structurally growing infra management expertise with a holisitic space underpin a strategy that combines approach, we’ve cultivated a unique
Slide 30: Growth Sectors & Geographies
Growth Sectors & Geographies Road Infrastructure Growth Strategic Diversification Sustainability Initiatives Targeting major road projects Strengthening presence across Committed to climate-resilient in Gujarat, Uttar Pradesh, and core infrastructure sectors, infrastructure, integrating Maharashtra,
Slide 31: Financial Overview
Finaneial Overview
Slide 32: Half Yearly Financial Performance
Half Yearly Financial Performance Particulars (INR Mn) H2-FY26 H2-FY25 Y-o-Y H1-FY26 H-o-H Revenue from Operations 944 953 (0.9)% 909 3.9% Operating expenses 851 842 1.1% 774 9.9% EBITDA 93 111 (16.2)% 135 (31.1)% EBITDA Margins (%) 9.85% 11.65% (180) Bps 14.85% (500) Bps Depreciation and amortizati
Slide 33: Half Yearly Financial Performance
Half Yearly Financial Performance Particulars (INR Mn) FY26 FY25 Y-o-Y Revenue from Operations 1,852 1,468 26.2% Operating expenses 1,623 1,284 26.4% EBITDA 229 184 24.5% EBITDA Margins (%) 12.37% 12.53% (16) Bps Depreciation and amortization 29 21 38.1% Finance costs 76 32 NA Other Income 42 19 NA
Slide 34: Historical Consolidated Income Statements
Historical Consolidated Income Statements Particulars (INR Mn) FY23 FY24 FY25 FY26 Revenue from Operations 748 1,087 1,468 1,852 Operating expenses 557 877 1,284 1,623 EBITDA 191 210 184 229 EBITDA Margins (%) 25.53% 19.32% 12.53% 12.37% Depreciation and amortization 18 20 21 29 Finance costs 22 27
Slide 35: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY24 FY25 FY26 Particulars (INR Mn) FY24 FY25 FY26 EQUITY 449 763 897 Non - Current Assets 124 206 448 98 a) Equity Share Capital 92 126 126 a) Property, Plant and Equipment 90 85 10 b) Other Equity 357 636 770 b) Right of Use Assets - 15 2
Slide 36: Financial Performance
Financial Performance Total Revenue (INR Mn) EBITDA (INR Mn) & EBITDA (%) PAT( INR Mn) & PAT (%) 1,852 229 133 210 1,468 191 184 125 25.53% 1,087 19.32% 15.11% 11.50% 115 748 12.53% 12.37% 113 7.83% 7.18% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Net Worth (INR Mn) Return on Capita
Slide 37: Capital Market Data
Capital Market Data Stock Performance (up to 31st March, 2026) 40% 20% 0% -20% -40% -60% Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 K2 Infragen Ltd NIFTY SMALLCAP 250 Market Data (As on 31st March, 2026) Shareholding Pattern (As on 31st March, 2026) Face Valu
Slide 38: Disclaimer
Disclaimer K2 INFRAGEN LIMITED No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not
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