Atharva Poly-plast Limited · BSE:ATHARVA
Atharva Poly-plast — H1 FY27 Earnings Presentation
38 slides from Atharva Poly-plast's earnings presentation, Nov 2, 2026
Slide 1: BSE filing cover letter: Investor Presentation submission
2nd November, 2026 The Manager Listing Compliance Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400001 Scrip Code: 544812 (BSE SME) | ISIN: INE226801012 Subject: Investor Presentation on the Unaudited Financial Results of the Company for the half year ended 30th September,
Slide 2: Atharva Polyplast Limited H1 FY27 Investor Presentation
le 2) ATHARVA POLYPLAST © BSE SME - Investor Presentation - H1 FY27 Atharva Polyplast Limited Precision engineering partner to the world’s premium OEMs, from concept to finished component. Listed on BSE SME - July 2026 Pune, India Premium furniture Home appliances: Mechanisms [oe 2) ATHARVA POLYPLAS
Slide 3: Disclaimer
® Disclaimer Safe harbour This presentation and the accompanying slides have been prepared by Atharva Polyplast Limited (the “Company”) solely for information purposes. They do not constitute a prospectus, placement memorandum, offer or invitation to acquire any securities of the Company, and no par
Slide 4: Inside this deck
2) atTuanva povyetast [iam Inside this deck nside this dec : 3 DNA e Who we are, our leaders and our journey Design, tooling and certifications = Prem Global OEMs, India’s seating market Mechanisms, co-design, switching costs Margins, P&L, balance sheet and cash flow ey % < 3 z < 2 8
Slide 5: From Management's desk
Ox ATHARVA POLYPLAST From Management's desk Atharva Polyplast Limited reported revenue from operations of $36.69 Cr in H1 FY27, registering 77.5% YoY growth, driven by the ramp-up of new growth avenues across its three business verticals. EBITDA stood at 27.45 Cr, with an EBITDA margin of 20.3%, bro
Slide 6: Summary Slide
CD ; ATHARVA POLYPLAST ® Summary Slide Growth Summary o: Pedigree & platform os Margins up, sharply os New growth levers EBITDA margin 35yrs Darade polymer pedigree = 20 79, 5.5acres ownedcamous 10.5% > of /0 20+ Machines, 100T to 1,000T Pe © Co-design with Toro - assured business for years 071 B47
Slide 7: At a glance
CD ATHARVA POLYPLAST Hi Fya7 ® Ataglance Built for precision. Scaled for the world. ON 2014 300+ 20+ Incorporated in Pune, Products in active production Moulding machines, 100T— Maharashtra 1,000T clamp. 5.5acres 40,000 6 Owned land : 2,34,614 sq ft ‘Sq ft built-up plant Global certifications held 2
Slide 8: Section 01: The Company
\e @) atharvapolyplast.in ATHARVA PoLYPLAsT - ML FY27 INVESTOR PRESENTATION ® Section 01 The Company “gah acre owned campus, and a decisive pivot from contract moulder to engineering partner. | ATHARVA POLYPLAST LiMiTED s 3
Slide 9: Leadership
CD ATHARVA POLYPLAST ® Leadership Three decades of polymer DNA The Darade pedigree, 35 continuous years in precision polymer engineering, across two generations. Shivaji Darade Director - The Foundation * Founded Prasad Meditech in 1990, 35 years of continuous polymer-precision capital * Scaled a gr
Slide 10: Journey
® Journey Twelve years, one direction: up the value chain 2014 Incorporated Atharva Poly-Plast founded in Pune, 2015 Plant goes live 40,000 sq ft unit commissioned; home- appliance programmes begin. 2020 Into furniture Enters the office-furniture components business. 2022 Global Top-4 Becomes suppli
Slide 11: Infrastructure & capacity
CD ATHARVA POLYPLAST ® Infrastructure & capacity World-class infrastructure, fully owned Capacity utilisation & production Installed 1,800 t a year - bars show utilisation, figures below show actual production DR PRESENTA Moulding hall - 100T-1,000T clamp range 5.5 scree 40,000. 204 maciines — 67 Yo
Slide 12: The pivot - change was inevitable
The pivot - change was inevitable ATHARVA Then Now Adesign & development engineering partner Acontract manufacturer Customer supplies moulds and designs We run the machines, make the part Partner from concept to product Simple, low-value moulding In-house engineering, design and tooling YPLAST LIMIT
Slide 13: Our verticals
CD j ATHARVA POLYPLAST ® Our verticals Three verticals, one engineering core Home Appliances Premium Office Furniture Engineering & Others Air-flow ducts, door racks, crispers, chiller trays and Back frames, seat bases, arm assemblies, headrests, Co-developed precision products such as pressure- a f
Slide 14: Engineering DNA
atharvapolyplast.in Engineering DNA [oe @) ATHARVA POLYPLAST In-house design, mould-flow simulation, tool development and validation, the capabilities global OEMs qualify us for. HL FYa7 INVESTOR PRESENTATION | ATHARVA potyPLasrilimiteD 7" &
Slide 15: Materials & processes
CD ATHARVA POLYPLAST Ha FYa7 ® Materials & processes Expertise in high-precision moulding of complex, load-bearing and aesthetic components, highly a engineered functional and structural parts. w | Commodity | Commodity | Commodity | Engineering 3 Polypropylene High-density polyethylene Acrylonitril
Slide 16: Value chain
® Value chain CD ATHARVA POLYPLAST We capture value across the entire product lifecycle 01 02 Customer Design 5 DFM requirement Understand needs Design support Application study DFM & material Performance criteria Seleaticn Engineering validation ul Higher engineering content Tool development In-hou
Slide 17: Certifications
Certifications Certified to supply the world g SEDEX SMETA 7.0 4-pillar ethical audit: labour, health & safety, environment, business ethics. Required by top global clients. Zz ISO 14001:2015 Environmental management system. Required by US and EU customers for upstream emissions disclosure. @ Cll Gr
Slide 18: The Premium Opportunity
atharvapolyplast.in ® Section 03 The Premium Opportunity le @) ATHARVA POLYPLAST Already inside the global OEM ecosystem, and positioned for India’s premium seating supercycle ML FY27 INVESTOR PRESENTATION ATHARVA POLYPLAST LIMITED 7" a
Slide 19: Trusted partner
® Trusted partner Already inside the global OEM ecosystem Precision partner to a customer base worth USS 11.5 Bn + MillerKnoll Steelcase ® cE Step 01 Step 02 Global quality Supplier qualification standards Rigorous audits and approvals Meeting stringent international requirements HNI Haworth Kokuyo
Slide 20: Anatomy of a premium chair
CD ; ; ATHARVA POLYPLAST ® Premium furniture Anatomy of a premium chair Atharva engineers, tools and moulds the structural and aesthetic polymer parts of the world's best-selling task chairs. Headrest Seat base Adjustable, aesthetic Glass-filled engineering class-A surface polymer Seat foam Back fra
Slide 21: The difference
2) ATHARVA POLYPLAST The difference Average cost ofa Average cost of a branded Indian chair global premium chair LYPLAST LIMITED £10,000 21,50,000 What premium demands, and rewards Design-oriented products Very high dimensional Very tight tolerances Class-A surface finishes ‘Advanced engineering Bet
Slide 22: India is where global OEMs are heading next
Ci ATHARVA POLYPLAST Ha FYa7 ew India is where global OEMs are heading next INVESTOR PRESENTATION 01 Large & growing domestic market Domestic consumption at an all-time high, driven by urbanisation, a rising middle class and higher purchasing power. Compe’ e manufacturing base Improving infrastructu
Slide 23: India's seating market is going premium
le 2) ATHARVA POLYPLAST ® The market India’s seating market is going premium 12-15 mn office chairs sold in India every year %6,300 Cr Imported & global OEM brands 24,560 Cr Domestic organised players § national brands 7% of units. ~47% of value. The global-premium tier is Atharva's zone: low volume
Slide 24: Deriving value
® Deriving value Our focus: grow revenue per chair 840 ; 000 Premium chairs sold annually in India FG,3O0 Cr wm minressvane 21,890 Cr Cost of goods sold (COGS) S756 Cr iciessztesca Localisation Today 8-10% Te it 75% >
Slide 25: Growth Levers
atharvapolyplast.in ® Section 04 Growth meciiales an ATHARVA POLYPLAST Mechanisms, engineering services and co- design programmes, each deepening margins and customer lock-in. HL FYa7 INVESTOR PRESENTATION ATHARVA POLYPLAST LIMITED x 3
Slide 26: The mechanism: our next value pool
CD ATHARVA POLYPLAST ® Next project The mechanism: our next value pool The tilt-and-recline mechanism is the heart of every premium chair. Atharva is extending from polymer parts into this high-value sub- assembly. Mechanism price / unit Units sold annually Total market opportunity x = 1,000 6.7mn ~
Slide 27: Engineering services
CD omer ATHARVA POLYPLAST ® Engineering services How global OEMs localise their products in India with us Engineering, fee-based design work Manufacturing, recurring volumes. ° B QO S Q rl all 01 02 03 04 05 06 Concept from Convert to Soft tools & Final mould Production in Expanding global OEM drawi
Slide 28: Case study: Toro
ATHARVA POLYPLAST © Case study: Toro Co-designed with a global irrigation leader Why pressure compensation | Without it, flow varies with line pressure. A PC dripper delivers the same flow at every point along the line. ° Engineering inside Precision fluid-dynamics design, optimised labyrinth for pr
Slide 29: Moat: Hard to replace, by design
CD ATHARVA POLY PLAST ® Moat Hard to replace, by design Our products are deeply embedded in customers’ engineering and validation ecosystems, not just their supply chains. 3yrs Long qualification cycle From design to final approval at the customer, qualification can take up to three years before sta
Slide 30: Recognition
® Recognition Recognised by the brands we build for MillerKnoll (Herman Miller) Premier Supplier 2025 - Asia Gold Supplier 2025 Cll GreenCo Summit 2017 ATHARVA POLYPLAST Best Support: Delivery, on stage
Slide 31: Growth runway
Cx ATHARVA POLYPLAST Growth runway Two engines, one owned campus to scale them ae he y ‘Owned land bank 5 “a | _ an com G==., Engine oa Engine oz Premium furniture Engineering vertical 19% ~20% O premium vertical growth, YoY O otrevenue targeted trom co- developed categories Backed by strong demand
Slide 32: Financial Performance
atharvapolyplast.in ® Section 05 Financial Performance le 2) ATHARVA POLYPLAST A margin transformation driven by mix, a de-levered balance sheet post-IPO, anda long runway ahead. HL FYa7 INVESTOR PRESENTATION [ ATHARVA POLYPLAST LIMITED &
Slide 33: Margin transformation
CD - : ATHARVA POLYPLAST ® Margin transformation Mix-led margin transformation Revenue Profit after tax Revenue mi Cr line: EBITDA margin Cr line: PAT margin % of revenue isaee 19.3% 20.7% 11.1% 11.9% 13% AB% = 1.6% INVESTOR PRESENTAT 45.30 47.54 41.49 5.29 27% 2.00 FY23 FY24 HLFY27 0.71 Home applia
Slide 34: Financials: Profit and loss statement
® Financials Profit and loss statement eer FY23 FY24 Revenue from operations 45.30 41.49 Other income 152 1.61 Total income 46.82 43.09 EBITDA 4.77 6.05 EBITDA margin 10.5% 14.6% Finance cost 2.14 1.59 Depreciation 192 1.88 Profit b 0.81 262 Tax 0.08 0.61 Profit after tax 0.71 2.00 PAT margin 16% 48
Slide 35: Financials: Balance sheet
CD ® Financials ATHARVA POLYPLAST : Balance sheet % Cr 30 Sep 2026 unaudited, 31 Mar 2026 audited S Equity & liabilities Sep 2026 Mar 2026 Assets ‘Sep 2026 Mar 2026 2 Shareholders’ funds Non-currentassets a Share capital 16.85 Property, plant & equipment 18.28 1755 fe Reserves & surplus 29.21 Non-cu
Slide 36: Financials: Cash flow statement
® Financials Cash flow statement Operating A. Operating activities Profit before tax Depreciation amortisation Interest expense Subsidy against capital investment Interest received Operating profit before working capital Inventories Trade receivables Short-term loans & advances Long-term loans & adv
Slide 37: Why Atharva, why now
®@ Why Atharva Why Atharva, why now Positioned in high-; verticals Premium office furniture, appliances and auto components, direct bene! India's premiumisatic Premiumisation lifts margins EBITDA margin up from 10.5% to 20.7% in three years as premium furniture reaches 53% of revenue Trusted OEM par
Slide 38: Thank you
le 2) ATHARVA POLYPLAST Thank VOU Atharva Polyplast Limited W-163, S Block, MIDC Bhosari, Pune 411026, India Investor contact info@atharvapolyplast.in - +91 94220 49184 Web atharvapolyplast.in Investor Relations Twenty Eighth Consulting Palak Agarwal palak@twentyeighthconsulting.com Listed on BSE SM