Regaal Resources Limited · NSE:REGAAL
Regaal Resources — Q1 FY26 Earnings Presentation
35 slides from Regaal Resources's earnings presentation, Sep 9, 2025
Slide 1: Regulation 30 Cover Letter to NSE and BSE
a REGAAL RESOURCES 4 info@regaal.in @ regaalresources.com Date: September 09, 2025 [To To INational Stock Exchange of India Ltd BSE Limited [Exchange Plaza, 5th Floor, C-1, Block G, s Floor, Phiroze Jeejeebhoy Towers Dalal [Bandra Kurla Complex, Bandra (E), Street Mumbai - 400001 [Mumbai 400051 Scri
Slide 2: Earnings Presentation | Q1 FY26
Regaal Resources Limited Earnings Presentation | Q1 FY26 September’25
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. I
Slide 4: Management Commentary
Management Commentary “We are deeply grateful for the overwhelming response to our IPO and the trust placed in Regaal Resources Limited. Your support strengthens our resolve to deliver on our commitments and take the company to greater heights. I am also pleased to share that we have already begun u
Slide 5: About Regaal Resources Ltd.
ABOUT REGAAL RESOURCES LTD. 4
Slide 6: Company Overview
Company Overview Regaal Resources Limited is a leading maize-based specialty products manufacturer operating an 825 TPD facility in Bihar, strategically located near one of India’s largest maize market and export corridors. Fastest Capacity Strategic Bihar Strong Infra & 491 Expansion Location Energ
Slide 7: Regaal – Positioned for Growth in Maize-Based Specialty Products
Regaal – Positioned for Growth in Maize-Based Specialty Products Well-Diversified Product Among Top Wet Maize Export Advantage and Sustainability-Focused Raw material Proximity Portfolio Catering to Milling Businesses Cross-Border Trade Access and Policy-Backed Growth Multiple Industries • 2nd large
Slide 8: Regaal's Product Portfolio & Applications
Regaal’s Product Portfolio & Applications Applications • Food & beverage • Extenders • Binding agent Native Maize Starch Yellow Dextrin • Pharmaceuticals • Dyes • Paper coatings • Paper • Abrasive industry • Stabilizing agent • Packaging • Envelopes • Explosive metal azides Edible Starch Oxidized St
Slide 9: Evolution of Regaal Resources Limited
Evolution of Regaal Resources Limited ▪ Increase in the Installed Capacity to 330 TPD ▪ Installation of further 2.5 MW Turbine ▪ Construction of Raw Material Warehouse of 21,528 square feet with capacity of 5,000 MT ▪ Increase in the Installed Capacity to 650 TPD ▪ RRL was listed on the NSE and BSE
Slide 10: Competitive Strengths – Board of Directors
Competitive Strengths – Board of Directors Anil Dinabandhu Sheetal Kishorepuria Mohapatra Jhunjhunwala Chairman and Independent Independent Managing Director Director Director ➢ He holds a Bachelor’s degree in Commerce from St. ➢ He holds a Bachelor’s degree in Arts and Law and ➢ She holds a Bachelo
Slide 11: Competitive Strengths – KMPs & SMPs
Competitive Strengths – KMPs & SMPs Saikat Tinku Kumar Shruti Chatterjee Gupta Kishorepuria Chief Financial Company Secretary and Chief People Officer Officer (CFO) Compliance Officer ➢ He completed his Bachelor’s degree in Science from ➢ He has completed his Master’s degree in Commerce ➢ She holds
Slide 12: Q1 FY26 Key Highlights
R REGAAL RESOURCES Q1 FY26 KEY HIGHLIGHTS 1
Slide 13: Financial Highlights (1/3)
Financial Highlights (1/3) In INR Millions O P E RATI N G I N CO M E VA LU E - A D D O P E RATI N G E B I T DA P RO F I T A F T E R TA X Q1 FY26 2,465.7 618.1 244.7 90.7 Growth YoY 26.5 % 9.1% 2.2 % (1.2 %) Growth QoQ (4.6 %) (0.6 %) (9.5 %) (18.9 %) Margin (%) 25.1% 9.9% 3.7% Diluted EPS 1.09 FY25
Slide 14: Financial Highlights (2/3)
Financial Highlights (2/3) In INR Millions ROCE ROE PA R T I C U L A R S 31-MAR-23 31-MAR-24 31-MAR-25 30-JUN-25 20.3% 17.5% 16.1% 14.8% Net Worth 1 1,044.1 1,266.1 2,354.1 2,452.6 14.2% 11.0% 10.5% 10.1% Net Debt 2 1,888.4 3,374.4 4,541.5 5,318.2 Net Fixed Assets 2,275.5 3,446.1 4,458.5 5,183.0 FY2
Slide 15: Financial Highlights (3/3)
Financial Highlights (3/3) In INR Millions PA RT I CU L ARS Q1 FY26 Q1 FY25 YOY C H A N G E Q4 FY25 QOQ CHANGE FY25 Operating Income 2,465.7 1,948.8 26.5 % 2,585.4 (4.6%) 9,151.6 Value - Add 618.1 566.5 9.1 % 621.5 (0.6 %) 2,505.6 Value- Add Margin (%) 25.1 % 29.1 % (400 bps) 24.0 % 103 bps 27.4 % O
Slide 16: Operational Highlights
R REGAAL RESOURCES OPERATIONAL HIGHLIGHTS 15
Slide 17: Operational Highlights – Revenue mix across Product Segments
Operational Highlights Revenue mix across Product Segments Revenue mix across Product Segments Q1 FY26 Native Maize Starch Contribution to Revenue Modified Starch Contribution to Revenue 60.6% 59.4% 0.8% 59.3% 19.5% 0.5% 0.5% 0.5% 57.2% 1.4% FY23 FY24 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY26 Co Products’
Slide 18: Why RRL?
R REGAAL RESOURCES WHY RRL? 17
Slide 19: Competitive Moat - How Regaal is positioned uniquely?
Competitive Moat - How Regaal is positioned uniquely? Diversified Customer Base and Distribution Channel Multi-source Raw Material Strong Financial Growth • Dealer channel share surged to 60.61% in Q1 FY26, reinforcing Procurement distribution strength Trajectory • Onboarded 36 new customers in Q1 F
Slide 20: Manufacturing Infrastructure & High-Capacity Utilization
Manufacturing Infrastructure & High-Capacity Utilization Locational Advantage High-Capacity Utilization 1. Capital Subsidy –It receives 100% Interest subsidy (up to 20Cr) and interest capping of 10% on every subsequent expansion and 100% exemption on State GST by Bihar 99.7% government for 5 years s
Slide 21: Multi-source Raw Material Procurement
Multi-source Raw Material Procurement Locational Advantage Storage Infrastructure & Capacity 1. Bihar is a traditional maize producing state in the country, contributing 11.6% to Storage Infrastructure Overview: Silos, Raw Materials, and Finished Goods; overall production in India 1. Silos: Company
Slide 22: Diversified Customer Base and Distribution Channel
Diversified Customer Base and Distribution Channel Distribution Channels Customer Accretion and Expansion of Customer Base (as a % of Contract Price) Top 10 Customers Top 5 Customers Repeat Customers Unique Customers End Customers Dealers Distributors 55.1% 50.3% 45.5% 42.7% 39.5% 108 15.8% 32.0% 36
Slide 23: Strong Financial Growth Trajectory
Strong Financial Growth Trajectory Revenue Operating EBITDA Net Debt Metrics1 (₹ Mn) (₹ Mn) (₹ Mn) EBITDA EBITDA Margin Net Debt/ Equity Net Debt/Operating EBITDA 1,20 0.0 0.3 1,00 0.0 0.3 6.0 5.4 800 .0 0.2 4.6 4.0 600 .0 12.3% 0.2 9.4% 9.9% 2.5 8.3% 2.1 400 .0 0.1 1.7 1.9 200 .0 0.1 4,879.6 6,000.
Slide 24: Our Growth Strategies
R REGAAL RESOURCES OUR GROWTH STRATEGIES 23
Slide 25: Growth Strategies (1/2)
Growth Strategies (1/2) Capacity Expansion Product Expansion Installed Capacity (Jun’25): Derivative Products Expansion (Q4 FY26): Currently operating at 825 TPD crushing capacity, providing a strong base for Commencing production of Maltodextrin and Liquid Glucose to capture strong growth derivativ
Slide 26: Growth Strategies (2/2)
Growth Strategies (2/2) Increasing domestic and international footprint White Labelling Expanding Domestic Presence ▪ White Labelling for Scalable Growth: Drive high-volume, low-risk expansion through customer-led formulations and packaging, capitalizing on established demand ▪ Only 1.07% of FY25 re
Slide 27: Thank You
Thank You For further details please contact Chief Financial Officer Investor Relations Advisor Saikat Chatterjee Sanjeev Sancheti Email: saikat@regaal.in Email: ir@uirtus.in Website: www.regaalresources.com Website: www.uirtus.in
Slide 28: Annexures
R REGAAL RESOURCES ANNEXURES 27
Slide 29: IPO Details
IPO Details In INR Millions O B J E CTS O F T H E I S S U E A S P E R P R O S P ECT U S A M O U NT TO B E U T I L I S E D F R O M N E T P R O CE E D S Repayment and/ or prepayment, in full or in part, of our certain 1,590.0 outstanding borrowings availed by our Company General Corporate Purposes 281
Slide 30: Key Highlights – Cash Conversion Cycle
Key Highlights – Cash Conversion Cycle PA RT IC U L A R S FY23 FY24 FY25 Q1 FY261 Inventory Days 32 48 65 79 Debtors Days 54 77 54 40 Payable Days 43 46 26 34 Cash Conversion Cycle 43 79 93 85 Note: 1. Annualized Cash Conversion Cycle (in days) is calculated as inventory days plus trade receivable d
Slide 31: Key Performance Indicators
Key Performance Indicators In INR Millions PA R T I C U L A RS FY23 FY24 FY25 Q1 FY26 Revenue from Operations 4,879.6 6,000.2 9,151.6 2,465.7 Revenue from Operations CAGR 36.9% EBITDA 406.7 563.6 1,127.9 244.7 EBITDA Margin (%) 8.3% 9.4% 12.3% 9.9% PAT 167.6 221.4 476.7 90.7 PAT Margin (%) 3.4%
Slide 32: Industry Overview
Industry Overview Global Maize Starch End User Industry Growth Rate, (2024-2029) CAGR% Indian Maize Starch End User Industry Growth Rate, (2024-2029) CAGR% 7.52% 6.76% 6.61% 6.62% 9.89% 6.43% 5.95% 9.10% 8.91% 5.79% 8.59% 8.32% 6.89% 6.94% 3.50% 2.85% 4.50% 3.67% Animal Snacks Confectionary Convenie
Slide 33: Industry Overview – Global & Indian Market Analysis
Industry Overview – Global & Indian Market Analysis Global Native Maize Starch Market Size Global Maize Starch Co products Market Size, Global Modified Maize Starch Market Size ($ Mn) ($ Mn) 2019 2024 2029F ($ Mn) 3.65% 36,874.00 5.23% 21,147.00 2,590.60 2,637.80 3.10% 30,818.00 2,286.50 2,265.00 4.
Slide 34: Competitive Strengths – Industry Tailwinds - Global
Competitive Strengths – Industry Tailwinds - Global Expanding Industry Applications R&D and Product Customization Fortified Starch Solutions Health-Conscious Consumer Demand Versatility Across Sectors Expanding use of native maize starch in Investment by companies in Companies are also offering fort
Slide 35: Competitive Strengths – Industry Tailwinds - India
Competitive Strengths – Industry Tailwinds - India Demographic & Urban Shift Rise of Packaged Foods Eco-Friendly Packaging Sweeteners from Starch Super Absorbents & Exports India’s 1.42 Bn population, young Packaged ready-to-eat food is the Focus on eco-friendly, Beverage and pharma makers use Maize