Mcon Rasayan India Ltd. · NSE:MCON
Mcon Rasayan India — Investor Presentation (May 2026)
32 slides from Mcon Rasayan India's investor presentation, May 29, 2026
Slide 1: MCON Rasayan India Ltd. Investor Presentation - May 2026
MCON RASAYAN INDIA LTD. Trusted Partner In Construction Chemicals I n v e s t o r Presentation - May 2026
Slide 2: Disclaimer
Disclaimer This document has been prepared for informational purposes only and is not an offer, invitation, or recommendation to buy or sell any securities of Mcon Rasayan India Ltd (“MCON”, “MRIL”, "Company"). Nor shall part or all of this document form the basis of, or be relied upon in connection
Slide 3: Financial Performance
Financial Performance 3
Slide 4: Management Commentary – FY26
Management Commentary – F Y 2 6 Mr. Mahesh Bhanushali Managing Director & Chairman Re ve n u e PAT 7 Rs. 652Mn Rs. 30Mn FOCO Model (Up 29%) (Up 34%) Partnerships 0.5x 10 States 188+ Debt-to-Equity Retail Footprint Distributors “ H2 FY26 witnessed a strong recovery in business momentum as constructio
Slide 5: Financial Performance – H2 & FY26
Financial Performance – H2 & FY26 Particulars (INR Mn) H2FY26 H2FY25 YoY% H1FY25 HoH% FY26 FY25 YoY% Net Sales 369 292 26.3% 284 29.9% 652 507 28.6% Total Expenditure 325 268 21.5% 250 29.9% 576 449 28.3% EBITDA 43 24 80.4% 33 29.6% 76 59 30.7% EBITDA Margin (%) 11.7% 8.2% 351 bps 11.74% -3 bps 11.7
Slide 6: The Growth Curves
The Growth Curves Delivering Growth: Revenue and Margin Expansion Strengthening Bottom Line: PAT and Margin Trends 700 12.6% 11.5% 652 14.0% 35 6.0% 11.7% 5.3% 30 600 12.0% 30 4.5% 4.7% 5.0% 8.6% 508 500 7.5% 421 10.0% 25 22 23 4.0% 400 7.5% 10.1% 8.0% 20 3.7% 311 2.6% 3.0% 300 6.0% 15 2.1% 192 11 2
Slide 7: Expanding Horizons: Building for Tomorrow
Expanding Horizons: Building for Tomorrow O wn Capac i t y (MTPA) FO CO Capac i t y FY26 ( MTPA) 15,000 16,200 30,700 48,200 51,500 11,500 19,500 9,000 3.3% 5.6% 8.0% 12.7% 18.5% 18.4% 14.0% 20.0% 96.7% 94.4% 92.0% 87.3% 81.5% 81.6% 86.0% 80.0% FY22 FY23 FY24 FY25 FY26 North West South Powder Liquid
Slide 8: 2028: The Next Frontier
2028: The Next Frontier In INR Mn 18% 11.7% 16 % Market Penetration 11.5% +29% Improved share of VAP 8.1% 652 508 90 Operational Efficiencies FY20 FY25 FY26 FY28 Indicators - Revenue EBITDA Margin Investor Presentation 8
Slide 9: Business Overview
Business Overview 9
Slide 10: 15 Years of Excellence & Growth
15 Years of Excellence & Growth Key Highlights Key Stats Balanced Business Mix ➢ Leading manufacturer of construction chemicals & finishing products for India 49% 52% 69% *As of FY26 & global markets. Revenue CAGR EBITDA CAGR PAT CAGR 20% ➢ ISI-Certified Pioneer – First Indian (FY21-26) (FY21-26) (F
Slide 11: Business model: De-Risked and Diversified
Business model: De-Risked and Diversified Raw Materials Supplies Manufacturing Distributors End Users You can edit this text Cement and Sand FOCO Model In House plants Majorly powder products You can edit this text Building Construction Polycarboxylate Ether Redispersible Polymer Repairs Powder Liqu
Slide 12: Strong brand across segments
Strong brand across segments Protection & Protection & Internal & 1 Beautification of 2 Beautification of 3 External Tiling Powder Product Liquid & Paste Product External Walls Internal Walls Ready Mix Mortar MCON NSA MCON NSA Admixture Grey Grey Gold Wall Finish & Paint MCON NSA MCON Tile Deco Syst
Slide 13: Strong brand across segments
Strong brand across segments Admixtures Anti Carbonation Paints Epoxy repair mortars Segmental Bonding agents Epoxy Coatings Curing Compounds Engineering Grouts Floor Hardeners Investor Presentation 13
Slide 14: Tailwinds Fueling Sectoral Growth
Tailwinds Fueling Sectoral Growth Indian Construction Chemicals Market Size (In USD) Strong Infrastructure Growth 8% CAGR 5.32 Bn Robust Government Core Sector PMAY Capex Demand Surge 3.69 Bn Accelerated activity in ₹11.1 Lakh Cr FY25 allocation at Roads, Railways, Power, allocated for FY25 – ₹84,67
Slide 15: India's Construction Chemicals Market - An Opportunity
India’s Construction Chemicals Market - An Opportunity Market Concentration Consolidated – Market Dominated Low market concentration → Huge headroom for share by 1-5 Major Players gains Fragmented space → Brand-led players can consolidate fast Unorganized competitors → Quality + compliance edge for
Slide 16: USPs
USPs 16
Slide 17: 360° Product Coverage for Diverse Market Needs
360° Product Coverage for Diverse Market Needs REVENUE CONTRIBUTION Engineering Grouts Others 6% 4% Admixture 9% Ready Mix Mortar 27% Concrete Flooring 4% Wall Finish and Paints 8% Tile Adhesives and Grouts 25% Waterproofing ISO ISO ISO Systems 9001:2015 14001:2015 45001:2018 8% Concrete Repair 9% *
Slide 18: Synergizing Core Manufacturing with FOCO Expansion
Synergizing Core Manufacturing with FOCO Expansion STRATEGIC PLANT LOCATION FOCO Model: Franchise-owned, Company-operated Rapid market expansion with minimal risk Location Powder Capacity Liquid Capacity Operational efficiency with controlled quality standards Closer proximity to customers, leading
Slide 19: Powering Growth across India
Powering Growth across India Punjab Rajasthan Haryana Delhi Uttar Pradesh Regional Growth Strategy • Balanced growth strategy to mitigate regional demand fluctuations. Gujarat • Northern Region has higher Business potential Goa Maharashtra 10States which will be explored in years to come Karnataka 3
Slide 20: Delivering Results through Strong Execution
Delivering Results through Strong Execution Mumbai Shapoorji Pallonji Chandak Group Mayfair Group L&T Realty Runwal Group Lodha Gujarat Pramukh Developers Samatva Infrastructure Meeraa Infra Kothari Developers Pune Rajasthan Goel Ganga Solitaire (Gangadham) Venkatesh Buildcon Manglam Group Kothari B
Slide 21: Powering Progress through In-house R&D
Powering Progress through In-house R&D 1 Strong In-House R&D Team Dedicated R&D center in Navi Mumbai with Ph.D. experts 2 Client-Centric Innovation Agile approach to solving industry-specific challenges 3 One-Stop Solution Vision Expanding R&D efforts to cover the entire construction chemical indus
Slide 22: Robust Distribution Infrastructure
Robust Distribution Infrastructure o Established presence in Mumbai with 1745+ dealers & retailers. Expansive Dealer-Retailer Network o Dealers act as extended business partners, ensuring local market penetration. o Long-standing partnerships with Chandak, Shapoorji, Pramukh and other major develope
Slide 23: Cross-Industry Customer Presence
Cross-Industry Customer Presence Investor Presentation 23
Slide 24: Empowered Leadership at the Helm
Empowered Leadership at the Helm Mr. Mahesh Bhanushali Mr Chetan Bhanushali Mr Nandan Pradhan Managing Director & Chairman Whole-time Director Whole-time Director • A seasoned technocrat with over a • Over 10 years of experience across • Brings over 25 years of corporate decade of leadership in trad
Slide 25: Empowered Leadership at the Helm
Empowered Leadership at the Helm Dhara Thakkar Sonal Doshi Dilip Jain Tapas Bimal Majumdar Puja Bhanushali Independent Director Independent Director Independent Director Independent Director Director • Chartered Accountant with 10+ • Brings 20+ years of • Leverages 25+ years of • Over 10 years of ex
Slide 26: Strategic Updates
Strategic Updates 26
Slide 27: Strategic Vision in Action
Strategic Vision in Action Strengthening Institutional Sales Visibility & Market Positioning ➔ Expanding relationships with large real estate ➔ Multi-channel branding & marketing strategy developers, civil & infrastructure contractors. for both retail and institutional segments. ➔ Targeting governme
Slide 28: Annexure
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Slide 29: Building Blocks of Success
2023-25 Building Blocks ➢ Started first phase of our new manufacturing plant at Ambethi, Vapi ➢ Crossed the mark of 90+ Distributors in India and covering 19+ cities of Success ➢ Received MHDC approval to supply its chemicals to all PMAY projects in Maharashtra 2019-23 ➢ 1st Company in India to have
Slide 30: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY20 FY21 FY22 FY23 FY24 FY25 FY26 Net Sales 89.7 89.8 192.2 310.5 421.3 507.5 652.4 Total Expenditure 82.4 80.3 177.8 283.7 368.3 448.9 575.9 EBITDA 7.3 9.5 14.3 26.8 53.0 58.5 76.5 EBITDA Margin (%) 8.1% 10.6% 7.5% 8.6% 12.6% 11.53% 11.73% Other Inc
Slide 31: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY23 FY24 FY25 FY26 Particulars (INR Mn) FY23 FY24 FY25 FY26 Equity & Liabilities Assets 1. Shareholders' Funds 1. Non Current Assets Share Capital 63.0 63.0 73.3 73.4 Property, Plant & Equipment 11.2 97.7 149.8 152.5 Reserves & Surplus Intangible Assets
Slide 32: Thank You
THANK YOU Register Office : 101 - A, Maxheal House, Bangur Nagar, Goregaon West, Mumbai - 400104. Consumer Care No : +91 8976907887 Email ID : info@mconrasayan.com Garima Singla Mehal Gogia Go India Advisors Go India Advisors garima@GoIndiaAdvisors.com mehal@GoIndiaAdvisors.com M:+91 9780042377 M:+9
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