Ellenbarrie Industrial Gases Limited · NSE:ELLEN
Ellenbarrie Industrial Gases — Q1 FY27 Earnings Presentation
31 slides from Ellenbarrie Industrial Gases's earnings presentation, Aug 7, 2026
Slide 1: Regulation 30 cover letter to stock exchanges
August 07, 2026 To To National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra – Kurla Complex, New Trading Ring, 2nd Floor, Rotunda Building, P.J. Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai – 400 001 SYMBOL: ELLEN SCRIP CODE: 54442
Slide 2: Investor Presentation Q1 FY27
Investor Presentation Q1 FY27
Slide 3: Disclaimer
Disclaimer Safe Harbour Statement This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ a
Slide 4: Table of Contents
Table of Contents Q1 FY27 Highlights Company Overview Growth Strategy Industry Overview Historical Financial Statements Databook
Slide 5: Q1 FY27 Highlights
Q1 FY27 Highlights
Slide 6: Key Highlights
Key Highlights Q1 FY27 Result Snapshot Capacity (TPD) Revenue from Operations Existing* 987 INR mn | +18% YoY Bulk: 915 Onsite: 1,018** EBITDA 387 INR mn | +21% YoY Capex Guidance PAT 350 INR mn | +87% YoY FY 2027: INR 2500 mn EBITDA and PAT Margin 39% & 30% FY 2028: INR 2000 mn *Work order awarded
Slide 7: Q1FY27: Growth Accelerates Across Revenue, EBITDA and PAT
Q1FY27: Growth Accelerates Across Revenue, EBITDA and PAT All Operations Revenue from Operations (₹ Mn) 1000 EBITDA (₹ Mn) & EBITDA Margin 70% PAT (₹ Mn) 60% 800 50% 600 38% 39% 40% 30% 987 400 30% 874 836 20% 200 387 350 318 258 229 10% 187 0 0% Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY
Slide 8: Gases Division — Segmental Performance
Gases Division — Segmental Performance Gases, related products & services — revenue and segment-result margin Revenue (₹ mn) Segment Result margin (%) 973 861 809 40% 38% 38% Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Y-o-Y +20% Y-o-Y +45 bps Q-o-Q +13% -200 bps Q-o-Q Financial Highlights • Core Gase
Slide 9: Operational Highlights
Operational Highlights Revenue Breakup Gases Type Customer Type (₹ Mn) Product / Services Oxygen Nitrogen Argon & Mixtures Bulk Package Onsite Sale of Gases Project Enggineering 11% 10% 694 10% 601 3% 3% 2% 549 42% 40% 40% 97% 97% 98% 119 141 128 133 136 140 47% 49% 50% Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY
Slide 10: Business Update
Business Update Operational Highlights Existing Plant Updates New Plant Updates • Ramp-up at the Kurnool and Uluberia 2 merchant plants is progressing • The new on-site plant in East India is being commissioned, with revenue well, with continued focus on improving capacity utilisation through FY27 c
Slide 11: Q1FY27 Financial Snapshot
Q1FY27 Financial Snapshot Profit and Loss Statement INR mn Q1 FY27 Q1 FY26 Y-Y (%) Q4 FY26 Q-Q (%) Revenues 987 836 18% 874 13% Other Income 171 68 145 Total Revenues 1,158 905 28% 1,020 14% Raw Material Costs 11 9 10 Purchase of Stock-in-Trade 99 78 93 Change in Inventories (4) 6 13 Power Expenses
Slide 12: Growth Strategy
Growth Strategy
Slide 13: Growth Strategy
Growth Strategy Expanding Customer Access through Added Capacities, Strategic Acquisitions & Innovative Offerings Aligned to Evolving Needs Strategic Objectives Pan India Presence Industry Diversification Growth & Capital Discipline Strategic Acquisitions Product & Industry Balanced Business Mix Cap
Slide 14: Expansive Operational & Distribution Capabilities
Expansive Operational & Distribution Capabilities FY27 East India Onsite Plant • Type: Onsite FY26 • Capacity (TPD) – 320 Uluberia-2, West Bengal • Current Status – Under • Type: Bulk commissioning • Capacity (TPD) – 220 • Current Status – Ramp up in North India progress • Type: Bulk • Capacity (TPD
Slide 15: Company Overview
Company Overview
Slide 16: Portfolio of Speciality Gases
Comprehensive Product Portfolio Wide Variety of Industrial Gases Additional Products - Leveraging our Extensive Technical Know-how O N Ar Oxygen Nitrogen Argon Project Engineering Services H Carbon Acetylene Dioxide Hydrogen He Nitrous Special Gases Oxide (Trimix Gases) Helium Tonnage ASUs & Medical
Slide 17: Resilient Business Model supporting Stability & Growth
Resilient Business Model supporting Stability & Growth Market Leader 50+ In 3 states – West Bengal, Andhra Pradesh & Telangana1 years rich legacy1 Types of Customers Onsite Bulk Package Vapourizer (liquid to gas) Storage Tank Gas Cylinders Customer Tank Vapourizer (Liquid) (owned by Ellenborrie) (li
Slide 18: High Customer Stickiness & Minimized Concentration Risks
High Customer Stickiness & Minimized Concentration Risks Deep Customer Relationships & Long-term Operating History Revenue from Repeat Customers* Long Standing Relationships Customers who have purchased for at least 2 Increasing Revenue from customers with Revenue on Basis of Years of Relationship m
Slide 19: Experienced Board of Directors and Management Team
Experienced Board of Directors and Management Team Strong Team with Proven Track Record of Performance Padam Kumar Agarwala Chairman & Managing Director 40+ years experience • Bachelor’s degree in commerce from Pawan Marda Seema Sapru Non-Executive Independent Director Non-Executive Independent Dire
Slide 20: Industry Overview
Industry Overview
Slide 21: Industrial Gases Market is set for Substantial Expansion (1/2)
Industrial Gases Market is set for Substantial Expansion (1/2) Expected to grow at ~7.5% CAGR from 2024 to 2028, backed by End-Use Industries India Industrial Gases Market1,2 Market Segmentation by Product Market Segmentation by Application (By Value, ($1.31 Bn) in CY 2024)1 (By Value, ($1.31 Bn) in
Slide 22: Industrial Gases Market is set for Substantial Expansion (2/2)
Industrial Gases Market is set for Substantial Expansion (2/2) Expected to grow at ~7.5% CAGR from 2024 to 2028, backed by End-Use Industries Growth Fueled by Burgeoning End-use Sectors Industry Dominated by Multinational Organizations $270Bn2 Foreign Players Chemicals Rising demand for plastics, fe
Slide 23: Opportunities in Oxygen, Argon & Nitrogen
Opportunities in Oxygen, Argon & Nitrogen Oxygen Market in India Argon & Argon Mixtures Market in India Nitrogen Market in India Value (USD billion) Value (USD billion) Value (USD billion) Market Segmentation by Application, Volume (Million tons) Market Segmentation by Application, Market Segmentati
Slide 24: Historical Financials
Historical Financials Ar H
Slide 25: Profit & Loss Statement
Profit & Loss Statement Financial Statements (INR mn) FY24 FY25 FY26 Revenue from operations 2,695 3,125 3.416 Other Income 207 360 500 Total Income 2,902 3,484 3,916 Cost of materials consumed 38 32 39 Purchases of stock-in-trade 534 333 362 Changes in inventories of finished goods, traded goods an
Slide 26: Balance Sheet
Balance Sheet Financial Statements Assets (INR mn) FY24 FY25 FY26 Equity and Liabilities (INR mn) FY24 FY25 FY26 Property, plant and equipment 3,293 3,376 4,490 Shareholder's equity 4,099 4,934 9,771 Capital work-in-progress 4 453 779 Borrowings 950 1,467 594 Right of use assets 13 12 42 Lease Liabi
Slide 27: Cash Flow Statement
Cash Flow Statement Financial Statements (INR mn) FY24 FY25 FY26 Cash flow from operating activities Profit before tax 642 1,078 1,353 Operating profit before working capital changes 671 1,170 1,201 Cash generated from operations 498 117 1,570 Income tax paid (61) (74) (245) Net cash generated from
Slide 28: Data Book
Data Book
Slide 29: Data Book
Data Book Revenue breakup by Product Revenue breakup by Industry Revenue breakup by Customer Type Oxygen Nitrogen Argon Others FY24 FY25 FY26 37% 33% 200 75 29% 29% 6% 4% 9% 433 519 26% 9% 8% 457 23% 10% 99 457 512 515 17% 16% 13% 13% 37% 47% 11% 37% 10% 9% 9% 8% 6% 6% 5% 1,706 1,952 2,310 48% 44% 4
Slide 30: Our Facilities
Our Facilities West Bengal Bulk Telangana • Uluberia – 115 TPD • Uluberia 2 – 220 TPD Bulk • Jadcherla – 130 TPD Onsite • Kharagpur-1 – 204 TPD Cylinder Filling Stations • Kharagpur-2 – 154TPD • Jadcherla Cylinder Filling Stations • Kalyani • Uluberia • Panagarh • Uluberia - Hydrogen electrolyzer Ex
Slide 31: Thank You
Thank You Ellenbarrie Industrial Gases Ltd. Registered Office: 3A, Ripon Street, Kolkata – 700016, West Bengal, India complianceofficer@ellenbarrie.com Investor Relations Advisors: ellenbarrie@raadhicapital.com Anup Sudhendranath anup.s@raadhicapital.com Vinita Pandya vinitap@raadhicapital.com
Ellenbarrie Industrial Gases — Q1 FY27 Earnings Presentation on 6ix