Sharat Industries Ltd · BSE:SHINDL
Sharat Industries — Q3 FY26 Earnings Presentation
32 slides from Sharat Industries's earnings presentation, February 2026
Slide 1: Investor Presentation Q3 & 9M FY26
P Sharat f Industries m Limited INVESTOR PRESENTATION 03 & 9M FYZ6 Pioneers In Indian Aquaculture
Slide 2: Financial Highlights
' / Q3 & 9M FY26 | Sharat Industries Limited Slide 2
Slide 3: India's Oldest Integrated Aquaculture Company
India’s Oldest Pioneered the 30+ 25+ Integrated Breeding and Aquaculture Culture of Vannamei Company in India 35+ 16 12+ 55 Q3 & 9M FY26 | Sharat Industries Limited Slide 3
Slide 4: Slide 4
Slide 5: Quarterly financial trends
(In ₹ Cr.) (In ₹ Cr.) (In %) 14.00 12.00% 12.00 9.76% 160.00 10.00% 140.00 10.00 8.09% 7.97% 6.67% 8.00% 120.00 100.00 8.00 5.54% 4.66% 6.00% 6.00 80.00 3.83% 3.33% 60.00 4.00 4.00% 2.74% 40.00 0.55% 2.00% 2.00 20.00 - 0.00% - (In ₹ Cr.) (In ₹ Cr.) (In %) 35.00 8.51% 450.00 9.00% 8.02% 400.00 30.00
Slide 6: Q3 & 9M FY26 highlights
: o % o % % : o o & o o o o Q3 &9M-FY Q3& 9M FY26 26 | Sharat Industries Limited Slide 6
Slide 7: Government support measures for seafood exports
Electronic sealing and faster clearances for time- and temperature-sensitive shipments Foreign port landings recognized as Push on ports, cold-chain and coastal logistics to cut exports, aiding export realization freight and dwell time Support for MSMEs and export incentives Duty exemption on catch
Slide 8: Leading Indian Shrimp exporter to Russia
5.08% 22.59% Leading Indian Shrimp exporter to Russia with long-standing customer relationships 21.17% Over the past 3 years, Sharat Industries has planned pan-India and multi-market expansion including Merchant Export Operations in Gujarat, to serve key markets such as the USA, Europe, China, Russi
Slide 9: U.S. tariff relief and EU opportunity
01 02 U.S. tariff relief: U.S. demand + realizations: U.S. tariffs on Indian exports reported to reduce from The U.S. remains India’s largest seafood market at ~35% ~50% to 18%, a competitiveness tailwind subject to final of export value and supports strong unit realizations. terms and implementatio
Slide 10: Future Plans
Future Plans
Slide 11: Value chain: own and contract farming
1 3 4 5 ( )* VALUE DRIVER / Quality input ensures better survival & yield. 2 OWN CONTRACT Seedlings stocked in ponds; Shrimp grown at long-standing Feed is the major cost (~50% partner farms, where SIL supplies of farm cost) seed, feed and technical support through vetted input partners VALUE DRIVER
Slide 12: Market expansion and utilization plans
Expanding into China through Targeting an increase in plant Scaling an asset-light merchant premium Black Tiger shrimp utilization from 55% towards export model through exports, re-entering the EU ~90% over the next few years, processing tie-ups to reduce market and maintaining core driven by contra
Slide 13: Merchant exports and growth plans
: & ( – ) & Launched merchant export operations from a Strengthening presence in Russia and China Build domestic capabilities via strategic alliances new facility in August, 2025, scale through 1–2 while rebuilding the EU market, with an and potential partial acquisitions, launching additional facil
Slide 14: Company Overview
Company Overview
Slide 15: Company history and milestones
' : & • Incorporated as Sharat Sea Foods • Focus on Scampi and Vannamei trials • Achieved 25% growth despite COVID-led • Became Indias largest shrimp exporter to challenges Russia by volume • Farm operations initiated (Black Tiger • Successful pilot; Vannamei commercialized shrimp) • Sustained opera
Slide 16: Promoters and management
Promoter & Managing Director Promoter & Executive Director o o ’ & o — o o o o ’ o o ’ o Q3 & 9M FY26 | Sharat Industries Limited Slide 16
Slide 17: Q3 & 9M FY26 | Sharat Industries Limited Slide 17
& & & & ’ ’ ' & Q3 & 9M FY26 | Sharat Industries Limited Slide 17
Slide 18: Processing plant, feed and farm facilities
: : 7,500+ Tonnes of Frozen Over 16 product varieties of Vannamei and Black Shrimp Tiger Shrimp under three categories: 1. IQF Frozen (Raw, Cooked, Blanched) 2. Block Frozen 3. Brine Frozen : o Modern and well-equipped processing plant. Ensures antibiotic-free and high-quality processed products : o
Slide 19: Shrimp product varieties
( & ) Head-On Shell-On Headless Easy Peel (EZ- Peeled and De-veined Butterfly Cooked Headless Cooked Peeled and De- (HOSO) Peel) Tail-Off (PD) Shell-On veined Tail-On (CPDTO) Raw Headless Peeled and De-veined Peeled and Un- Head-On Shell-On Cooked Peeled Cooked Peeled and De- Shell-On (HLSO) Tail-On
Slide 20: Brands and export mix
VANNASTAR AQUAASTAR Sharat Star 5.08% 22.59% USA 21.17% Russia China Others 51.17% * Q3 & 9M FY26 | Sharat Industries Limited Slide 20
Slide 21: Q3 & 9M FY26 | Sharat Industries Limited Slide 21
Q3 & 9M FY26 | Sharat Industries Limited Slide 21
Slide 22: Sri Sairam Ashram Trust CSR
: Sri Sairam Ashram Trust, Ponneri, Donation to Sri Sairam Ashram Trust, which Collaborated with a recognized institution Chennai provides safe, family-like residential care for dedicated to social welfare and dignity for the senior citizens aged ₹ 0.15 crore Backed medical camp (20 April 2025) Cont
Slide 23: Revenue, EBITDA, PAT and margins
(In ₹ Cr.) (In ₹ Cr.) (In ₹ Cr.) Reveune EBITDA PAT 450.00 407.47 35.00 32.69 18.00 380.53 15.58 400.00 28.56 16.00 332.54 30.00 302.16 350.00 14.00 25.00 300.00 21.15 247.03 12.00 20.00 18.44 9.95 250.00 10.00 200.00 13.44 8.00 6.50 5.87 15.00 150.00 6.00 100.00 10.00 4.00 3.46 5.00 50.00 2.00 0.00
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Slide 25: Aquaculture demand drivers
Population growth and limited farmland are Overfishing and habitat loss are making Increasing use of aquatic bioactive driving aquaculture as an efficient protein aquaculture vital for stable seafood is driving aquaculture demand source supply & Improved logistics and retail networks are Rising inco
Slide 26: Seafood demand and policy tailwinds
’ ; % Growing health awareness and Increased demand for varied seafood preference for protein-rich, omega-3- species due to exposure to global rich seafood cuisines Declining marine fishery yields due to & Better cold chains and transport improving rising sea temperatures, boosting product freshness
Slide 27: Seafood exports quantity, value and realisations
& ’ % Quantity ('000 tonne) Value (₹ Cr) Avg. Realisations (₹/Kg) %– % 749 737 723 724 742 ~ % ’ 590 607 584 596 556 ( / / ) 435 439 438 442 402 % (~₹ / ₹ / ) ( %) ’ ( ) FY22 FY23 FY24 FY25 FY26(P) Q3 & 9M FY26 | Sharat Industries Limited Slide 27
Slide 28: Q3 & 9M FY26 | Sharat Industries Limited Slide 28
Q3 & 9M FY26 | Sharat Industries Limited Slide 28
Slide 29: Strengths, opportunities and challenges
• Integrated & Scalable Operations • Established Farmer Network • Constant increase in cost of production • Diverse & Certified Product Portfolio • Regulation on Raw material pricing • Expanding Global Footprint • Increase in Ocean Freight • Certified for Russia, US & EU, reflecting flexibility • Vo
Slide 30: Share price and shareholding
& : & | : As on 11-02-2026 As on 31-12-2025 Share Price (₹) 172.35 52 Week High-Low (₹) 179.00 – 59.00 44.37% Market Capitalization (₹ Cr) 671.94 Gain in last one year (%) 117.83% Promoter & Promoter Group No. of Shares 3,92,14,451 55.63% Public Face Value (₹) 10 Price (₹) 200.00 172.35 180.00 160.0
Slide 31: Q3 & 9M FY26 | Sharat Industries Limited Slide 31
Q3 & 9M FY26 | Sharat Industries Limited Slide 31
Slide 32: Thank You
CORPORATE OFFICE Flat No. 4, 3rd Floor, Pallavi Apartments, No. 57/11, Old No. 29/TF4, 1st Main Road, HDFC Bank Compound, R.A. Puram, Chennai – 600 028 REGISTERED OFFICE Feed Plant, Hatchery & Farm: Venkanna Palem Village, T.P. Gudur Mandal, Nellore – 524 002, Nellore Dist, A.P. Processing Plant: Ma