Ceigall India Limited · NSE:CEIGALL
Ceigall India — Q1 FY27 Earnings Presentation
42 slides from Ceigall India's earnings presentation, Aug 8, 2026
Slide 1: Exchange filing cover letter for investor presentation
Date: 08-08-2026 To, To, The General Manager, Manager-Listing Compliance, Department of Corporate National Stock Exchange of India Services, BSE Limited Limited, Exchange Plaza, C-1, Block Phiroze Jeejeebhoy Towers G, Bandra Kurla Complex, Bandra Dalal Street, Mumbai- East, Mumbai – 400 051 400 001
Slide 2: Ceigall India Limited Investor Presentation Q1 FY27
CEIGALL INDIA LIMITED Investor Presentation | Q1 FY27
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”) have been prepared by Ceigall India Limited (the “Company”) solely for informational purposes. They do not constitute an offer, recommendation, or invitation to purchase or subscribe to any securities, and shal
Slide 4: Table of Contents
TABLE OF CONTENTS 01 Key Highlights 02 Business Overview 03 Strategies 04 Quarterly Highlights 05 Historical Financials CEIGALL INDIA LIMITED | INVESTOR PRESENTATION
Slide 5: Key Highlights
KEY HIGHLIGHTS DANAPUR BAHITA PROJECT CEIGALL INDIA LIMITED | INVESTOR PRESENTATION
Slide 6: Management Commentary – Q1 FY27
Management Commentary – Q1 FY27 “ The past few months have marked another important phase in Ceigall India's growth journey as we continued to strengthen our position as a diversified infrastructure company. Alongside delivering healthy financial performance, we made meaningful progress in expanding
Slide 7: Q1 FY27 Performance Highlights (Standalone)
Q1 FY27 Performance Highlights (Standalone) Revenue From Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 10.2% 11.4% 13.4% 6.8% 8.4% 9,015 753 1,210 Q1 FY27 8,183 935 559 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 (In INR Million) Revenue From Operations EBITDA & EBITDA Margin (%) PA
Slide 8: Q1 FY27 Performance Highlights (Consolidated)
Q1 FY27 Performance Highlights (Consolidated) Revenue From Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 15.7% 13.0% 14.8% 6.1% 6.6% 637 Q1 FY27 9,696 8,382 1,434 513 1,091 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 (In INR Million) Revenue From Operations EBITDA & EBITDA Margin (%
Slide 9: Business Overview
BUSINESS OVERVIEW Bihar – Patna’s first double Decker flyover CEIGALL INDIA LIMITED | INVESTOR PRESENTATION
Slide 10: Ceigall at a Glance
Ceigall at a Glance 24+ Years Legacy of Wide Geographical Proven Execution Diversified Operational Long term Expertise & footprint Capabilities Projects Excellence Visibility Excellence Visionary Board of Expanding Geographical Well Recognized Diversifying Across Committed to Growth Visibility Direc
Slide 11: Our Journey
Our Journey 2023 2024 2025 2026 • Completed the first HAM project • Listed on BSE & NSE Forayed into the • Global Foray: Ceigall Global (Malout-Abohar Project) before • Revenue Crossed INR Renewable Energy & Pte. Ltd. (Singapore) & Ceigall scheduled time Revenue Crossed 30,000 Million T&D sectors EP
Slide 12: Landmark Projects
Landmark Projects KARTARPUR SAHIB 6 LANE HIGHWAY DELHI- SAHRANPUR PKG II ISMAILABAD- DHAND PKG I RAMBAN-BANIHAL PKG II won special award One of the longest six lane elevated Highway Access controlled greenfield project twin tube tunnel of 6 Km in J&K DANAPUR BAHITA PROJECT I KANPUR METRO AGRA METRO
Slide 13: Professionally Managed by Independent Professionals
Professionally Managed by Independent Professionals Ramneek Sehgal Mr. A. Saravanan Dr. Pawan Kumar Anisha Motwani Ankit Kumar Arun Goyal Vishal Anand Gurpreet Kaur (Chairman & MD) (Whole Time Director) Saluja (Independent Director) Agrawal (Independent Director) (Independent Director) (Independent
Slide 14: Leadership Team
Leadership Team Veerendra Singh Kapil Aggarwal Megha Kainth (Chief Operating Officer) (Chief Financial Officer) (Company Secretary & Compliance Officer) • Brings 37 years of experience in the • 20+ Years of Experience • 23+ Years of Experience infrastructure sector with expertise in • Extensive expe
Slide 15: Strategies
STRATEGIES Malout – Abohar (Punjab) CEIGALL INDIA LIMITED | INVESTOR PRESENTATION
Slide 16: Diversification Paves The Way
Diversification Paves The Way Already made a Strong Presence in Further Diversifying Into Roads/ Highways/ Railways / Tunnels Bus Terminals Wind Turbine Renewable Energy Transmission & Industrial Flyovers Metros Distribution Infrastructure Ongoing 23 3 1 1 2 6 1 2 Projects FY24 85% 15% Road order bo
Slide 17: Accelerating Presence in High-Potential Sectors
Accelerating Presence in High-Potential Sectors Renewables Industrial Infrastruture Transmission & Distribution • PPA executed for supply of 337 MW Solar Power to • Received LOI for construction of Internal Roads in • Establishment of the 400/220 kV Velgaon MSEDCL Aerotropolis S.A.S Nagar Substation
Slide 18: Diversifying Projects
Diversifying Projects EPC HAM O&M DFBOT Tariff Based • Project management • Partial Financing • Asset Maintenance • Project Planning • Regulatory • Design & Engineering • Operations & • Road & Property • Stakeholder Approvals • Construction & Maintenance Management engagement • Revenue Ceigall’s Cap
Slide 19: Robust Order book
Robust Order book Order Book Order inflow Book to Bill Ratio (x) 1,85,543 1,85,683 1,13,320 4.8 3.1 3.2 1,08,062 92,257 50,593 35,835 6,554 FY24 FY25 FY26 Q1 FY27 FY24 FY25 FY26 Q1 FY27 FY24 FY25 FY26 (In INR Million) Ceigall is actively exploring avenues to expand our footprint in Build-Operate-Tra
Slide 20: Order Book Details – EPC (1/2)
Order Book Details – EPC (1/2) Total Project Balance Order Book as Sr. % Project % Stake Authority State Type JV Partners Kms / Lanes Cost on 30.06.2026 (INR No. Completion (INR Million) Million) Construction of Four Laning of part of Ramban to Banihal (Package- 1 100% NHAI J&K EPC 21 3,690 56.1% 1,
Slide 21: Order Book Details – EPC (2/2)
Order Book Details – EPC (2/2) Total Project Balance Order Book as Sr. % Project % Stake Authority State Type JV Partners Kms / Lanes Cost on 30.06.2026 (INR No. Completion (INR Million) Million) Construction of Internal Road of Pocket B, C & D of Aerotropolis 4,314 4,314 11 100% GMADA Punjab Item R
Slide 22: Order Book Details - HAM
Order Book Details - HAM Balance Invested Total Debt Debt as on Total Project Order Book Sr. Equity as on Sanctioned (INR Jun 2026 Project % Stake Authority State Kms/Lane Status Cost (INR % Completion as on No. Jun 2026 Million) (INR Million) Million) Jun 2026 (INR Million) (INR Million) Constructi
Slide 23: Order Book – DBFOT & Tariff Based
Order Book – DBFOT & Tariff Based Total Project Balance Order Book as on Sr. Project Authority State Type Cost % Completion 30.06.2026 No. (INR Million) (INR Million) Development of Kanpur Central bus terminal, Uttar Pradesh on Design Build Finance 1,430 1,430 1 UPSRTC Uttar Pradesh DBFOT 0.0% Opera
Slide 24: Monetizing of Mature HAM Assets
Monetizing of Mature HAM Assets Objective The Approach Future Roadmap Ceigall has initiated a strategic program to monetise its Divest 100% equity in mature assets to long-term investors This transaction marks the start of a sustained monetization portfolio of completed and near-complete Hybrid Annu
Slide 25: Presence Across Key Markets
Presence Across Key Markets 03 01 Bihar FY24 Revenue Mix Presence Across 13 States 09 29 Punjab With humble beginnings in Punjab, J&K, 14.0% UP, 23.8% Ceigall now possesses execution 01 05 Haryana capabilities across 13 major states in India FY24 Haryana, 9.5% 01 02 Himachal Pradesh Other, Punjab, 4
Slide 26: Stable & Diverse Client Base
Stable & Diverse Client Base Roads, Highways, Expressways, Flyover, Bridges, Tunnels and Industrial Infrastructure Metro & Railways T&D and Renewables CEIGALL INDIA LIMITED | INVESTOR PRESENTATION
Slide 27: Optimizing Operational Efficiencies
Optimizing Operational Efficiencies Strategic Bidding Mechanism Asset Light Model ▪ Careful identification of projects and cost optimisation ▪ Rental equipment and equipment buyback model minimises capex and ▪ Undertaking: Technical surveys, feasibility studies, and cost analysis reduces raw materia
Slide 28: Delivering Results through Operational Efficiencies
Delivering Results through Operational Efficiencies Experience and Expertise Project Development and Execution Internal Controls and Processes ▪ Specialised in construction in high-traffic and high- ▪ In-house Engineering and Design Team ▪ Modern equipment to deliver quality projects density areas ▪
Slide 29: Awards & Accords
Awards & Accords Received Won Won Won LETTER OF SPECIAL AWARD GOLD AWARD Award for Fastest APPRECIATION FOR FOR Growing for showcasing OUTSTANDING EXCELLENCE Construction unwavering dedication during runway resurfacing WORK in Project Management – Company EPC at National Highways project at Air Forc
Slide 30: Quarterly Highlights
QUARTERLY HIGHLIGHTS Kanpur Metro CEIGALL INDIA LIMITED | INVESTOR PRESENTATION
Slide 31: Profit & Loss Statement (Quarterly)
Profit & Loss Statement (Quarterly) Standalone Consolidated Particulars Q1FY27 Q1FY26 Y-o-Y (%) Q1FY27 Q1FY26 Y-o-Y (%) 9,015 8,183 10.2% Revenue from Operations 9,696 8,382 15.7% 2,361 2,251 Cost of Material Consumed 2,361 2,251 5,043 4,674 Cost of Construction 5,460 4,668 1,611 1,258 28.1% Gross P
Slide 32: Q1 FY27 Business Development
Q1 FY27 Business Development INR 6,554 Million Order Inflow during Q1 FY27 Total Project Cost Sr. No Project Authority State Type Segment (INR Million) Setting up of 100 MW Standalone Battery Energy Storage Systems Punjab State Power Corp Tariff Based 2,500 1 PUNJAB T&D (BESS) in Punjab Ltd. Setting
Slide 33: Order book Composition
Order book Composition INR 1,85,683 Million Order book as on 30.06.2026 HAM Bihar 47% 16% Roads 68% MP 16% Punjab 15% DFBOT 1% Others 1% T&D 2% Sector-wise Revenue Model- Geographical Andhra Pradesh 1% Industrial Infra Breakup Breakup Split 3% Rajasthan 4% Jharkhand Metro 5% Tariff Based 14% 22% Mah
Slide 34: Debt Positioning as on 30.06.2026
Debt Positioning as on 30.06.2026 Standalone Debt Mar 26 Jun 26 Term Loan Standalone Debt to Equity (x) - Equipment Term Loan 125 224 - Term Loan 1,568 1,040 0.6 Working Capital Loan 2,430 4,247 0.4 Total Debt 5,511 0.3 4,123 0.2 Consolidated Debt Mar 26 Jun 26 Term Loan FY24 FY25 FY26 Q1 FY27 - Equ
Slide 35: Historical Financials
HISTORICAL FINANCIALS KARTARPUR SAHIB 6 LANE HIGHWAY CEIGALL INDIA LIMITED | INVESTOR PRESENTATION
Slide 36: Key Financial Ratios (Consolidated)
Key Financial Ratios (Consolidated) Revenue From Operations EBITDA & EBITDA Margins PAT & PAT Margins 17.1% 15.1% 14.6% 10.0% 8.3% 7.7% 40,224 34,367 5,854 30,294 3,043 2,864 3,089 5,177 5,183 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 (In INR Million) Bill to Book Ratio (x) Debt to Equity (x) ROE
Slide 37: Profit & Loss Statement (Annual)
Profit & Loss Statement (Annual) Standalone Consolidated Particulars FY24 FY25 FY26 FY24 FY25 FY26 29,547 33,848 38,693 Revenue from Operations 30,294 34,367 40,224 9,721 9,883 9,688 Cost of Material Consumed 10,531 10,169 9,688 13,993 18,171 22,727 Cost of Construction 12,978 17,458 23,087 5,833 5,
Slide 38: Balance Sheet – Standalone
Balance Sheet – Standalone Particulars (INR Million) FY24 FY25 FY26 Particulars (INR Million) FY24 FY25 FY26 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 786 871 871 Property, plant and equipment 2,701 3,141 2,540 (b) Other equity 7,999 17,121 20,110 Capital work‐in‐progress 20 101 21
Slide 39: Balance Sheet – Consolidated
Balance Sheet – Consolidated Particulars (INR Million) FY24 FY25 FY26 Particulars (INR Million) FY24 FY25 FY26 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 786 871 871 Property, plant and equipment 2,960 3,384 3,390 (b) Other equity 8,092 17,455 20,510 Capital work‐in‐progress 20 232
Slide 40: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars FY24 FY25 FY26 FY24 FY25 FY26 3,680 3,616 4,108 Profit before Tax 4,054 3,846 4,176 (758) (817) (865) Adjustment for Non-Operating Items 1,175 (1,443) (1,776) 4,438 4,432 4,974 Operating Profit before Working Capital Changes 5,228 5,289 5,952 (
Slide 41: Net Working Capital Days (Consolidated)
Net Working Capital Days (Consolidated) Inventory Days Debtor Days WIP Days 17 64 64 98 15 45 60 11 37 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Creditor Days Net Working Capital Days 124 67 72 49 45 55 FY24 FY25 FY26 FY24 FY25 FY26 CEIGALL INDIA LIMITED | INVESTOR PRESENTATION
Slide 42: Thank You
THANK YOU Ceigall India Limited Mr. Kapil Aggarwal Chief Financial Officer cfo@ceigall.com/ ir@ceigall.com Investor Relations Advisors Adfactors PR Smit Patel/ Mohit Upadhyay /Tejaswee Gaonkar Smit.patel@adfactorspr.com/ Mohit.Upadhyay@adfactorspr.com/ Tejaswee.gaonkar@adfactorspr.com https://ceigal