Sterling Powergensys Limited · BSE:STERPOW
Sterling Powergensys — Investor Presentation (2025)
28 slides from Sterling Powergensys's investor presentation, Sep 25, 2025
Slide 1: Sterling Powergensys Limited Investor Presentation
STERLING POWERGENSYS LIMITED Investor Presentation
Slide 2: SPL: Where Legacy Meets Green Innovation
SPL: Where Legacy Meets Green Innovation Sterling Powergensys Limited (SPL), incorporated in 1984 and listed on the BSE, is a technology-driven engineering and clean energy company with a proven legacy in boilers, EPC, and solar power projects. With 600+ boilers installed worldwide and over 100 MW o
Slide 3: Business Journey: Milestones That Define Excellence
Business Journey: Milestones That Define Excellence 2000–2012 2016–2020 2025 1990s EPC Expansion Diversification Green Transition Boiler Leadership Executed sponge iron, co-gen power Launched standardized rooftop & Announced Green Hydrogen & Specialized in & WHR projects; established as off-grid sol
Slide 4: Leadership Team: Driving Vision & Growth
Leadership Team: Driving Vision & Growth Mr. Shankar Ramnath Iyer Mr. Sankaran Venkata Dr. Nishant Rao Tamada Mr. Navinchandra Joshi Mrs. Iyar Rajlaxmi Non Executive Independent Subramanian Executive Director Executive Director Non-Executive Director-Chairman Managing Director Director Mr. Sundar Ve
Slide 5: Organisation Structure: Experienced Professionals Driving Growth
Organisation Structure: Experienced Professionals Driving Growth Sterling Powergensys Limited Advisor – Board of Directors Mr. Appasamy Ganesan Chairman- Coordinator Investor Relation - Mr. Shankar R. Iyer Mr. Harendra Dwivedi Company Managing Director- Executive Director- Non-Executive Executive In
Slide 6: Core Businesses: Building Blocks Of Progress
Core Businesses: Building Blocks Of Progress Boilers & Thermal EPC Solar Power Global Commodity Green Hydrogen & Projects Projects EPC Trading Derivatives Investor Presentation 6
Slide 7: Core Businesses Defined
Core Businesses Defined Boilers & Thermal Projects EPC Projects (2000–2012) Industrial Boilers Diversified into EPC. Waste Heat Recovery Boilers (specialization) Executed projects for: Producer Gas Plants, Hydrogen Gas-Fired Boilers Sponge Iron Plants, Co-generation Power Plants, Waste Heat Recovery
Slide 8: Green Hydrogen & Derivatives: Driving India's Energy Transition
Green Hydrogen & Derivatives: Driving India’s Energy Transition Project: Integrated Green Hydrogen & Derivatives facility at Raigad, Maharashtra. Approval: Declared a MEGA Project by Government of Maharashtra (June 2025). Capacity: Electrolyser: 25 MW AWE Solar PV: 100 MW AC captive plant Output: Gr
Slide 9: Project Snapshot: Capacity, Components & Returns
Project Snapshot: Capacity, Components & Returns Capacity & Output Green Hydrogen: 7,500 kg/day (of which 1,000 kg/day for sale). Hydrogen Peroxide: 250 TPD. Medicinal Oxygen: 3,182 kg/hr. Location & Land Project Cost & Financing 335 acres at Sawad & Agryacha Kond, Raigad, Maharashtra. Total Investm
Slide 10: Strategic Expansion: Powering Long-Term Value
Strategic Expansion: Powering Long-Term Value Phase I Phase II Phase III Green Hydrogen & Scale & Diversify Future Growth Derivatives (2025–27) (2027–30) (2027 onwards) Commission 25 MW electrolyser + Expand commodity exports to 1 Mn Foray into Green Ammonia, 100 MW solar plant at Raigad. MT annuall
Slide 11: Technology & Innovation: Anchoring Sustainable Solutions
Technology & Innovation: Anchoring Sustainable Solutions Advanced Electrolysis Technology 25 MW Alkaline Water Electrolyser powered by captive 100 MW solar PV plant. Produces 99.99% pure hydrogen with zero carbon emissions. Integrated Process Design Forward integration into 250 TPD hydrogen peroxide
Slide 12: Customer Landscape: Mapping Core Segments
Customer Landscape: Mapping Core Segments Refineries & Fertilizer Plants Industry (Steel, Chemicals) Transportation City Gas Distribution Data Centers Cold Storage Gated Communities Investor Presentation 12
Slide 13: Sustainable Practices: Anchoring SPL's Growth Journey
Sustainable Practices: Anchoring SPL’s Growth Journey Clean Energy Resource Social Carbon Impact Future Focus Transition Efficiency Responsibility Integrated 25 MW Offsets ~1,25,000 Zero Liquid Discharge 150 direct & 300 Diversification into electrolyser + 100 MW tonnes of CO₂ annually, (ZLD) plant
Slide 14: Industry Overview: Global Green Hydrogen
Industry Overview: Global Green Hydrogen Market Size Investment Momentum $4.5 Bn (2024) → $103 Bn (2031), $33 Bn invested in 2023; 680+ CAGR ~57% projects announced worldwide Production Capacity Applications 0.3 MT (2022) → 8 MT (2030); Industrial feedstock (43%), led by Europe, Australia, Transport
Slide 15: India's Green Hydrogen Landscape: Shaping The Next Energy Era
India’s Green Hydrogen Landscape: Shaping The Next Energy Era Policy Push: Market Growth: Projected Demand (by 2032): National Green Hydrogen Mission $0.12 Bn (2023) → $2.1 Bn (2030), 4,650 KTPA across sectors (2023) – ₹19,744 Cr outlay CAGR ~52% Ammonia/Fertilizers: 1,300 KTPA Target: 5 MTPA capaci
Slide 16: Yearly Key Financial Highlights
Yearly Key Financial Highlights (In ₹ Lakhs) (In ₹ Lakhs) (In ₹ Lakhs) Total Income EBITDA PAT 1,401.06 321.21 283.52 1,093.68 49.19 35.94 10.02 17.77 134.58 FY22 FY23 FY24 FY25 33.94 FY22 FY23 FY24 FY25 -70.50 FY22 FY23 FY24 FY25 -26.77 Investor Presentation 16
Slide 17: Profit & Loss Statement
Profit & Loss Statement (In ₹ Lakhs) Particulars FY22 FY23 FY24 FY25 Revenues 31.11 33.00 688.48 1,251.90 Other Income 103.47 0.94 405.20 149.15 Total Income 134.58 33.94 1,093.68 1,401.06 Cost of materials 30.23 - 677.65 1,241.46 Employee costs 24.79 21.00 20.78 39.78 Other expenses 30.37 39.71 74.
Slide 18: Balance Sheet
Balance Sheet (In ₹ Lakhs) Equities & Liabilities FY22 FY23 FY24 FY25 Assets FY22 FY23 FY24 FY25 Equity 509.60 509.60 509.60 528.26 Non Current Assets Other Equity -701.91 -772.41 -495.39 -487.31 Fixed assets 185.86 161.68 105.66 115.51 Net Worth -192.31 -262.81 14.21 40.96 Non Current Investments 0
Slide 19: Profit & Loss Statement (Projections)
Profit & Loss Statement (Projections) (In ₹ Lakhs) Particulars FY26(P) FY27 (P) FY28 (P) FY29 (P) FY30 (P) FY31 (P) FY32 (P) Revenues 38,869.73 38,869.73 37,703.63 36,572.52 35,475.35 35,475.35 35,475.35 Total Expenditure 25,678.29 24,761.86 23,846.80 22,933.16 22,020.96 21,110.24 20,201.04 EBITDA 2
Slide 20: Government Of Maharashtra MOU & Approval Of Mega Project
Government Of Maharashtra MOU & Approval Of Mega Project Investor Presentation 20
Slide 21: Market Focus: India's Growing Green Energy Landscape
Market Focus: India’s Growing Green Energy Landscape Current Demand India’s hydrogen demand is 6.5 MTPA, mainly from refineries, fertilizers & ammonia industries, with western India being the largest consumer hub. Expected Growth The Indian Green Hydrogen Market is projected to reach $12.33 Bn by 20
Slide 22: Business Growth Strategy: Scaling With Purpose
Business Growth Strategy: Scaling With Purpose Financial & Operational Strength Maintain ~27% PAT margins and strong cash flows. Optimize cost through renewable Commodity Trading Expansion energy integration & efficiency. Scale sugar, wheat & rice exports via Brazil hub. Target 1Mn MT annual trade b
Slide 23: Competitive Advantage: Building Long-Term Value
Competitive Advantage: Building Long-Term Value Legacy & Expertise Integrated Business Model Strong Policy Backing Global Market Access Robust Economics 40+ years in boilers, First-mover in Green Approved as MEGA Overseas hub in Brazil Project IRR ~26.7%, EPC & solar projects. Hydrogen + Hydrogen Pr
Slide 24: SWOT Analysis: Assessing Strengths & Challenges
SWOT Analysis: Assessing Strengths & Challenges Strengths Weaknesses 40+ years of engineering & EPC legacy. Heavy reliance on H₂O₂ revenues First-mover in Green Hydrogen + H₂O₂ in Phase I. integration. Smaller balance sheet vs large Govt.-approved MEGA Project with global peers. trading hubs. Execut
Slide 25: Risks & Mitigation: Safeguarding Business Growth
Risks & Mitigation: Safeguarding Business Growth Revenue Concentration Risk: 91% of revenues linked to Hydrogen Peroxide pricing. Mitigation: Long-term offtake contracts; diversify into green ammonia, compressed biogas & ethanol. Execution Risk Risk: Large-scale project execution with new technologi
Slide 26: Investment Highlights: Defining The Value Proposition
Investment Highlights: Defining The Value Proposition Proven Engineering Legacy Robust Financial Metrics 40+ years in boilers, EPC, and solar; 600+ boilers & Project IRR ~26.7%, PAT margin ~27%, 100+ MW solar projects executed. payback 3.5 years. Strong credibility as an energy & process industry Ph
Slide 27: Fund Utilization
Fund Utilization Total Project Cost ₹810 Cr (FY 2025–26) Land & Development ₹20 Cr (2%) 25 MW/hr Electrolyser Plant ₹155 Cr (19%) 100 MW (AC) Solar PV Plant ₹240 Cr (30%) Storage / Cylinders / Containers ₹80 Cr (10%) 250 TPD Hydrogen Peroxide Plant ₹275 Cr (34%) Pre-operative Expenses (incl. FPO cos
Slide 28: SsPLu
ea SsPLu SSS) Vw Sterling Powergensys Limited @ +91 96195 72230 +91 89280 58381 @ investor@splsolar.in future.green.energy@ splsolar.in sales@splsolar.in & www. r.in