Bulkcorp International Limited · NSE:BULKCORP
Bulkcorp International — H1 FY26 Earnings Presentation
30 slides from Bulkcorp International's earnings presentation, Nov 20, 2025
Slide 1: Exchange filing cover letter under Regulation 30
Date: 20th November, 2025 To, National Stock Exchange of India Limited “Exchange Plaza”, C-1, Block G, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051 Dear Sir / Madam, Sub: Announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investor/
Slide 2: Bulkcorp International Limited Investor Presentation
Bulkcorp International Limited Investor Presentation
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bulkcorp international Limited (“The Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 4: About Bulkcorp International Limited
About Bulkcorp International Limited Bulkcorp International Limited, incorporated in 2009 and headquartered in Ahmedabad, Gujarat. The company is engaged in the manufacturing and export of Flexible Intermediate Bulk Containers (FIBC) and woven packaging solutions, catering to diverse industries incl
Slide 5: Key Facts & Figures
Key Facts & Figures 30+ 4,800 MTPA 8 Export FY25 Presence in Revenue Years of Industry Production Products Expertise Capacity Categories 5+ ₹ 6,633.91 Countries Lakhs 60% 95% FY25 100% B2B Capacity 250 – 2,000 Kgs Export-Driven EBITDA Customer base Bag capacity ₹ 657.66 Utilization Revenue Lakhs 90%
Slide 6: Journey & Key Milestones
Journey & Key Milestones Converted from Private Limited to Public Limited Expanded capacity by 200 MT per month Got certified by BRC, enabling entry into global food-grade FIBC Crossed ₹5 Cr EBITDA markets 2019 2024 2009 2023 2025 Incorporation of Recognized as a One Star Commissioned 464 KW the com
Slide 7: Leadership & Management Overview
Leadership & Management Overview Mr. Punit Mahendra Gopalka Mr. Anup Mahendra Gopalka Mr. Sanjay Pandurang Sadavarte Promoter, CEO & Managing Director Promoter & Whole Time Director Promoter & Director Experience: 20+ Years Experience: 30+ Years Experience: 20+ Years Holds a B.Com from H.L. Commerce
Slide 8: Manufacturing Facility & Sustainability Edge
Manufacturing Facility & Sustainability Edge Changodhar 4,800 MTPA 60% 464 KW ₹ 218 Lakh Banaskantha Gujarat Capacity Utilization Solar Power Plant Investment Gujarat Automated cutting, sewing, printing, packing & liner production In-house testing (Tensile, UV, Dart Impact), Cleanroom Hygiene Automa
Slide 9: Certifications & Global Accreditations
Certifications & Global Accreditations Investor Presentation 8
Slide 10: Strong Quality Systems
Strong Quality Systems Advanced Certifications Smart Manufacturing & Exclusive Product Unique Production Process & Compliance AI-Driven Quality Controls Innovation – MAP for FIBC Certified under ISO 9001, ISO 14000, Imported cutting and sewing Batch production system instead of Only Indian manufactu
Slide 11: Comprehensive Product Portfolio
Comprehensive Product Portfolio Custom-designed Manufactured using Safe Working Load range Safety-rated for As per client requirements Tabular or flat-woven polypropylene fabric 250 kg to 2,000 kg single-trip and multi-trip usage 4-Loop FIBC Bags Q Bags / Baffle Bags One-/Two-Loop FIBC Bags UN Certi
Slide 12: FIBC Classification & Types
FIBC Classification & Types Type A FIBC Type B FIBC Type C FIBC Type D FIBC • Durable polypropylene bags • Advanced material to reduce • Conductive bags with • CROHMIQ® static- • Ideal for non-flammable discharge risks interwoven yarns dissipative fabric products (food grains, seeds, • Suitable for
Slide 13: Diverse Industries Served
Diverse Industries Served Construction / Mining / Seeds & Fertilizer Food Ingredients High-end Chemicals Pharmaceuticals Minerals Safe bulk handling of Packaging for flour, Specialized handling MAP-enabled FIBCs Heavy-duty bags for seeds, fertilizers & rice, sugar, spices, of powders, pigments for e
Slide 14: Integrated Packaging Solutions
Integrated Packaging Solutions Lifting Loops Filling & Closure Options Discharge Systems Investor Presentation 13
Slide 15: Global Supply Presence & Sales Performance
Global Supply Presence & Sales Performance As on 31-03-2025 In % FY25 Sales Volume 2% 1% 2% 3% 4% Netherlands USA Spain 48% India 40% Chile Australia USA Chile India Australia Spain Netherlands Others Investor Presentation 14
Slide 16: Key Growth Drivers
Key Growth Drivers Backward Integration Product Diversification Export Market Expansion Planned backward integration from Diversifying the product portfolio into Expanding international presence Active granules to fabric manufacturing, high-potential industries (pharma, participation in global trade
Slide 17: Key Growth Drivers
Key Growth Drivers Operational Efficiency Sustainability Initiatives rPET-Based Sustainable FIBCs Integration of PLC and AI-driven quality Advancing eco-friendly product development Developing 100% sustainable FIBCs made controls with batch production ensures to align with global compliance standard
Slide 18: Indian FIBC Industry Landscape
Indian FIBC Industry Landscape Indian FIBC industry has grown 38 % in the last 10 years. Indian Exports of FIBC to the world 1000 • Export Growth: India’s FIBC exports grew from $735 Mn 928 861 (FY19) to $928 Mn (FY25) with volumes rising 50%+ to 735 785 673 708 433k tonnes. 433 372 349 371 • Produc
Slide 19: Industrial Key Growth Drivers
Industrial Key Growth Drivers China Plus One Opportunity Rising Global Demand for FIBCs & Packaging Planned backward integration from granules to fabric Rising demand for bulk packaging, coupled with manufacturing, supported by future capex for setting international clients’ emphasis on certificatio
Slide 20: Management's Comment On H1 FY26 Performance
Management's Comment On H1 FY26 Performance “We are pleased to share that we delivered a resilient performance in H1 FY26, supported by strong export momentum and growing demand for our FIBC and bulk packaging solutions. Total income increased by 28% year-on- year, led by higher order inflows from e
Slide 21: H1 FY26 Standalone Financial Highlights
H1 FY26 Standalone Financial Highlights Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin% 4000 450 3500 3381 10.92% 10.55% 11.00% 400 5.33% 5.50% 5.25% 357 200 3000 350 180 5.00% 2649 9.00% 2500 300 289 4.50% 139 150 4.00% 250 7.00% 2000 3.50% 200 1500 100 3.00% 5.00% 150 2.50% 1000 10
Slide 22: H1 FY26 - Profit & Loss Statement
H1 FY26 - Profit & Loss Statement All Amount In ₹ Lakhs & Margins in %) Particulars H1 FY25 H1 FY26 YOY Revenues 2614.67 3342.68 Other Income 34.33 37.79 Total Income 2649.00 3380.47 27.61% Raw Material 1772.34 2247.74 Employee costs 225.47 319.73 Other expenses 361.86 456.36 Total Expenditure 2359.
Slide 23: Revenue Mix By Product Category
Revenue Mix By Product Category (In %) (In %) (In %) FY23 FY24 FY25 2.14% 10.18% 3.02% 2.03% 0.94% 5.36% 86.80% 92.51% 97.03% FIBC Fabric Others (In ₹ Lakhs) Particulars FY23 FY24 FY25 FIBC 3,558.86 3,921.64 5,858.79 Fabric 206.17 460.16 53.36 Others 82.04 136.45 122.73 Total 3,847.07 4,518.25 6,038
Slide 24: Key Financial Highlights
Key Financial Highlights (All Amount In ₹ Lakhs & Margins In %) Total Income EBITDA EBITDA Margin PAT PAT Margin 1000 600 10.00% 12.82% 7.53% 900 6,127.63 8.00% 10.73% 500 5.75% 800 10.00% 6.00% 7.47% 657.66 700 4,650.44 400 3.14% 4.00% 596.35 352.13 600 350.19 3,895.70 2.00% 4.00% 500 300 0.00% 400
Slide 25: Profit & Loss Statement & Cash Flow Highlights
Profit & Loss Statement & Cash Flow Highlights (In ₹ Lakhs) Particulars FY23 FY24 FY25 Cash Flow Highlights 1,793.49 2000 Revenues 3,847.07 4,516.55 6,038.40 Other Income 48.63 133.89 89.23 1500 Total Income 3,895.70 4,650.44 6,127.63 1000 Raw Material Expenses 2,688.57 3,175.93 4,142.01 310.99 500
Slide 26: Balance Sheet
Balance Sheet (In ₹ Lakhs) (In ₹ Lakhs) Equities & Liabilities FY23 FY24 FY25 Assets FY23 FY24 FY25 Equity 181.00 553.53 751.41 Non-Current Assets Reserves And Surplus 305.03 382.69 2,349.01 Fixed assets 562.96 747.62 923.13 Total Equity 486.03 936.22 3,100.42 Non-Current Investments - - - Non-Curre
Slide 27: Key Ratios
Key Ratios ROCE ROE (In %) Current Ratio (In Times) Receivable Turnover Ratio (In Days) 37.40% 3.55 70.00% 40.00% 35.00% 6.52 60.00% 25.14% 30.00% 50.00% 33.92% 25.00% 40.00% 20.00% 4.25 4.22 30.00% 22.61% 11.36% 15.00% 1.02 1.17 20.00% 10.00% 10.00% 15.19% 5.00% 0.00% 0.00% FY23 FY24 FY25 FY23 FY24
Slide 28: Stock Data
Stock Data As on 17-11-2025 As on 30-09-2025 NSE: BULKCORP | ISIN: INE0SZ301012 Share Holding Pattern Share Price (₹) 81.10 Market Capitalization (₹ Cr) 60.94 27.74% Promoter & Promoter Group No. of Shares Outstanding 75,14,064 Public Face Value (₹) 10.00 72.26% 52-week High-Low (₹) 119.85 - 50.55 S
Slide 29: Investment Rationale
Investment Rationale Strategic Port Advantage Manufacturing facilities located close to Mundra, Pipavav, and Mumbai ports. Ensures faster turnaround, reduced logistics costs, and strong export competitiveness. Product Leadership in Food-Grade Bags Specialization in food-grade FIBCs and woven bags, c
Slide 30: Thank You
Thank You Bulkcorp International Limited Kirin Advisors Private Limited 309, Safal Prelude, Opp. Prahladnagar, AUDA Garden, 713-B, Lodha Supremus II, Corporate Road, Ahmedabad – 380 015. Wagle Estate, Thane West – 400 604. E-mail: info@bulkcorp-int.com E-mail: info@kirinadvisors.com Phone: +91794899
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