Vigor Plast India Limited · NSE:VIGOR
Vigor Plast India — H1 FY2026 Earnings Presentation
41 slides from Vigor Plast India's earnings presentation, Nov 12, 2025
Slide 1: Regulation 30 filing cover letter to NSE
Date: November 12, 2025 To, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai-400051. (Symbol/ISIN: VIGOR/INE1DM601016) Dear Sir/Madam, Subject: Announcement under Regulation 30 (LODR)- Investor Presentation Pursuant to the provisions of Regulation
Slide 2: Investor Presentation H FY26
Investor Presentation VIGOR PLAST INDIA LIMITED 1 H FY26
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and its accompanying materials (collectively, the "Presentation") have been prepared by Vigor Plast India Limited (“Vigor," "the Company," or "we") for informational and discussion purposes only. This Presentation does not constitute an offer to sell or solic
Slide 4: Q2 & H1 FY26 Highlights
[a ~ @Q28&H1FY26— a | FF HIGHLIGHTS -
Slide 5: Management Perspective
Management Perspective We continue to demonstrate strong growth momentum, driven by disciplined execution and operational excellence. In Q2 FY26, revenue grew 54% YoY to ₹16.89 crore, while EBITDA rose 86% to ₹5.01 crore with a margin expansion of 505 bps to 29.67%. PAT increased 145% YoY to ₹2.41 c
Slide 6: Q2 Financial Snapshot
Q2 Financial Snapshot Revenue from Operations EBITDA EBITDA Margin PAT PAT Margin 54% YoY 86% YoY 145% YoY 180 0.00 1688.61 600 35 29.67 160 0.00 14.25 300 16. 00 30 140 0.00 500 24.62 1096.46 14. 00 250 120 0.00 25 400 12. 00 8.95 100 0.00 200 20 10. 00 300 800 .00 150 8.0 0 15 600 .00 200 6.0 0 10
Slide 7: Strong Earnings Momentum
Strong Earnings Momentum Particulars Q2 FY26 Q2 FY25 YoY Change Revenue from operations 1,688.61 1,096.46 54% EBITDA 501.01 269.93 86% EBITDA Margin (%) 29.67 24.62 505 Bps EBIT 369.78 172.16 115% PBT 325.21 130.26 150% PAT 240.61 98.10 145% PAT Margin (%) 14.25 8.95 530 Bps All Figures In ₹ lakhs &
Slide 8: H1 Financial Snapshot
H1 Financial Snapshot Revenue from Operations EBITDA EBITDA Margin PAT PAT Margin 24% HoH 38% HoH 51% HoH 300 0.00 2824.95 250 0.00 2280.84 900 31 800 30 450 14.37 16. 00 30.14 200 0.00 11.75 700 400 14. 00 350 600 29 12. 00 150 0.00 300 500 10. 00 28 250 26.96 400 8.0 0 100 0.00 200 300 27 6.0 0 15
Slide 9: Strong Earnings Momentum
Strong Earnings Momentum Particulars H1 FY26 H2 FY25 HoH Change Revenue from operations 2,824.95 2,280.84 24% EBITDA 851.46 614.93 38% EBITDA Margin (%) 30.14 26.96 318 Bps EBIT 629.67 453.00 39% PBT 542.41 356.44 52% PAT 405.89 267.98 51% PAT Margin (%) 14.37 11.75 262 Bps EPS (Diluted) 4.99 3.41 4
Slide 10: Company Overview
+ * COMPANY OVERVIEW
Slide 11: About The Company
About The Company Vigor Plast India Limited operates a fully automated manufacturing facility in Dared, Gujarat, specializing in the production of PVC, uPVC, and cPVC pipes, fittings, and related products. Its comprehensive range of piping systems is designed for diverse applications in plumbing, ir
Slide 12: Key Facts & Figures
Key Facts & Figures 12+ 1500 16,566.00 Sq.mt. Mr. Dilip Joshi Years of No. of SKUs Manufacturing Unit Area Brand Ambassador Experience 440 375 81 FY25 (In ₹ lakhs) Distributors/Dealer Machinery Team Size Revenue – 4557.8 EBITDA – 1,216.25 PAT - 518.16 Investor Presentation 11
Slide 13: Milestones of Progress
Milestones of Progress 2014 2019 • Our Company was incorporated as a private limited company under • Our Company commenced exporting the name "Vigor Plast India Private Limited". goods to Nepal • Started operations as trading of PVC pipes and fittings • Procured ISO certification 9001:2008 for Quali
Slide 14: Management Team
Management Team Mr. Jayesh Premjibhai Kathiriya Mr. Premjibhai Dayabhai Kathiriya Managing Director Non - Executive Director Mrs. Jashvantiben Rajeshbhai Kathiriya Mrs. Nitaben Jayeshbhai Kathiriya Non - Executive Director Non - Executive Director Mr. Rajeshbhai Kathiriya Mr. Mahesh Busa Whole Time
Slide 15: Our Distinct Edge
Our Distinct Edge Comprehensive Product Range We offer a wide range of pipes and fittings under the “Vigor” brand for residential, commercial, and industrial use. This diversity supports customized solutions, reduces reliance on single product lines, and positions us as a one-stop supplier for distr
Slide 16: Business Overview
+ * e BUSINESS | | OVERVIEW + e . + ¢ . * « + * ) e- ® ° + .
Slide 17: Product Portfolio
Product Portfolio cPVC Pipe & Fitting uPVC Pipe & Fitting SWR RING FIT Pipe & Fitting SWR SEL FIT Pipe & Fitting PVC AGRI Pipes & Fitting PTMT Investor Presentation 16
Slide 18: Product wise Revenue Bifurcation
Product wise Revenue Bifurcation FY 25 FY 24 FY 23 39.64 36.93 54.05 45.95 60.36 63.07 (₹ lakhs, except percentage) Particulars FY25 FY24 FY23 Pipes 2,094.21 1,684.02 1,377.01 Fittings and Other Ancillary 2,463.58 2,564.06 2,351.38 Products Total 4,557.79 4,248.08 3,728.39 Investor Presentation 17
Slide 19: Manufacturing Facility
Manufacturing Facility Jamnagar, Gujarat Location 16,566.00 Sq.mt. Manufacturing Unit Area 2,490 Tonnes Installed Capacity for Pipes 1,060 Tonnes Installed Capacity for Fittings Investor Investor Presentation Presentation 18
Slide 20: Capacity Utilization
Capacity Utilization FY25 FY24 FY23 Particulars Installed Utilization Installed Utilization Installed Utilization Utilization Utilization Utilization Capacity (In Capacity Capacity (In Capacity Capacity (In Capacity Capacity (%) Capacity (%) Capacity (%) Tonnes) (In Tonnes) Tonnes) (In Tonnes) Tonne
Slide 21: Warehouse Infrastructure & Expansion Plan
Warehouse Infrastructure & Expansion Plan 75 - 80 Tonnes 04 100% Planned New Warehouses Utilization Capacity Warehouse Capacity 1123.09 Sq. Mtrs Rajkot, Jamnagar, 39.75 Tonnes Total Area Surat & Ahmedabad Total Capacity Location’s Investor Investor Presentation Presentation 20
Slide 22: Geographical Presence
Geographical Presence 440 Dealer Counters 26 States & Union Territories Investor Presentation 21
Slide 23: Geographical wise Revenue Bifurcation
Geographical wise Revenue Bifurcation FY25 FY24 FY23 2.32% 2.90 3.35 97.68% 97.10 96.65 (₹ lakhs, except percentage) Particulars FY25 FY24 FY23 Domestic 4,452.27 4,124.83 3,603.39 International 105.52 123.25 125.00 Total 4,557.79 4,248.08 3,728.39 Investor Presentation 22
Slide 24: Catering To Sector
Catering To Sector Residential Commercial Industrial Agriculture Investor Presentation 23
Slide 25: Sector wise Revenue Bifurcation
Sector wise Revenue Bifurcation FY25 FY24 FY 23 23.93 32.55 36.18 33.14 44.62 41.49 8.90 11.43 8.34 22.55 19.84 17.03 (₹ lakhs, except percentage) Particulars FY25 FY24 FY23 Industrial 2,033.69 1,536.92 1,546.80 Residential 1,090.68 1,382.82 1,235.60 Agricultural 1,027.78 842.97 634.89 Commercial 40
Slide 26: Industry Overview
INDUSTRY + « ° | OVERVIEW
Slide 27: Market Overview & Size
Market Overview & Size The Indian plastic pipes industry has emerged as one of the fastest-growing segments in the building materials sector, driven by massive infrastructure development, urbanization, and government initiatives. Market Size (2025) • Total Plastic Pipes Market: USD 7.40 billion, exp
Slide 28: Overall Outlook
Overall Outlook Plastic Industry in India Pipe & Fittings Segment (PVC, uPVC, Government Support cPVC) Initiatives such as Make in India, Skill The Indian plastics sector, which includes Pipes and fittings form a crucial part of India, Digital India, and Plastic Parks are pipes and fittings, is one
Slide 29: Cross Industry Demand
Cross Industry Demand Industrial Applications (5% Market Share) • HVAC Systems: Chemical and industrial fluid transport applications • Fire Safety: CPVC pipes preferred for fire sprinkler installations due to temperature resistance Sewage & Drainage (12% Market Share) • Smart Cities Mission: Rs 15,0
Slide 30: Financial Overview
FINANCIAL | | OVERVIEW + e + + + ¢ + * + * @ e@° @ e o i
Slide 31: Financial Snapshot
Financial Snapshot Total Revenue EBITDA EBITDA Margin PAT PAT Margin 500 0.00 4557.79 450 0.00 4248.08 140 0 35 30.14 14.37 600 .00 16. 00 400 0.00 26.51 120 0 30 14. 00 350 0.00 500 .00 300 0.00 2824.95 100 0 25 11.30 12. 00 17.78 400 .00 800 20 10. 00 250 0.00 300 .00 6.89 8.0 0 200 0.00 600 15 6.
Slide 32: Income Statement
Income Statement Particulars H1 FY26 FY25 FY24 Revenue from operations 2,824.95 4,557.79 4,248.08 Other income 0.66 44.01 3.72 Total Revenue 2,825.61 4,601.81 4,251.80 Cost of Material Consumed 1706.32 2,784.31 2,920.20 Employee benefits expense 97.52 248.01 214.14 Depreciation and amortization expe
Slide 33: Balance Sheet
Balance Sheet All Figures In ₹ lakhs Equity And Liabilities H1 FY26 FY25 FY24 Assets H1 FY26 FY25 FY24 Share capital 1,035.17 785.25 50.00 Non-current assets Reserves and surplus 2,580.36 492.6 406.55 Property, Plant & Equipment 3,195.59 2,784.71 1,574.74 Net Worth 3,615.53 1,277.85 456.55 Capital W
Slide 34: Cashflow Statement
Cashflow Statement All Figures In ₹ lakhs Particulars H1 FY26 FY25 FY24 Net Cash Flow from Operation 568.42 1,457.13 196.50 Net Cash Flow from Investing Activities -600.53 (1,211.21) (1,148.64) Net Cash Flow from Financing Activities 710.20 (245.57) 929.27 Net (Decrease)/ Increase in Cash & Cash Equ
Slide 35: Key Ratios
Key Ratios In % In % In Times ROE ROCE Current Ratio 28.2% 94.5% 0.7 19.6% 0.6 0.5 59.4% 9.5% 20.0% FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 In Times In Times In Times Debt to Equity Interest Coverage Capital Turnover 6.9 5.2 4.9 2.9 4.5 1.6 1.5 1.4 1.4 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY
Slide 36: The Way Forward
+ * THE WAY FORWARD
Slide 37: Vision-Driven Strategic Initiatives
Vision-Driven Strategic Initiatives Optimizing Distribution for Margin Warehouse Expansion Scaling Production Expansion We plan to expand our Capacity We aim to strengthen warehouse network across key To meet growing demand dealer/distributor relationships to locations to improve delivery from impro
Slide 38: Key Growth Drivers
Key Growth Drivers Underutilized Production Capacity Enables Scalability Government-Led Infrastructure Boom With current capacity utilization below 70%, Vigor can Programs like Jal Jeevan Mission and PMAY are significantly ramp up production without major capex, driving strong demand for plumbing an
Slide 39: Optimal Fund Utilization
Optimal Fund Utilization 01 02 03 04 05 Repayment of ₹1,139.31 Construction of a new lakhs of high-interest Reduced interest The 75–80 tonnes warehouse in loans will reduce burden will enhance storage capacity will Ahmedabad supports annual interest Net Debt/Equity: cash flows, enabling ease pressur
Slide 40: SWOT Analysis
Swot Analysis STRENGTHS • Wide Range of Products • Experienced Leadership • Strong Brand Image • Production Efficiency • Commitment to Quality and Standards • Network of more than 300 distributors S WEAKNESSES • Seasonal Labour Shortage W • Delivery time is higher • High inventory cost • Maintenance
Slide 41: Thank You
THANK YOU Vigor Plast India Limited Manufacturing Address: Survey No. 640/3, Behind Gujrat Gas, Cng Pump, Godown Zone, Lalpur Road, Dared, Jamnagar, Gujarat Email: vigorfittings@gmail.com Website: www.vigorplastindia.com Corporate Communication Advisors Address: 220, Corporate Avenue, Goregaon, Mumb