Shilchar Technologies Limited · NSE:SHILCTECH
Shilchar Technologies — Q3 FY26 Earnings Presentation
32 slides from Shilchar Technologies's earnings presentation, Jan 31, 2026
Slide 1: Cover letter to stock exchanges
31st January, 2026 To, To, BSE Limited National Stock Exchange of India Limited, Listing Department Listing Department “Exchange Plaza,” Phiroze Jeejeebhoy Towers, C-1, Block G,Bandra –Kurla Complex, 25th Floor, Dalal Street, Bandra (E), Mumbai - 400 001 Mumbai - 400 051. Scrip Code: 531201 Scrip Co
Slide 2: The Power of Performance
SHILCHAR TECHNOLOGIES LIMITED The Power of Performance Q3 & 9MFY26 | January 2026 NSE: SHILCTECH | BSE: 531201 Bloomberg: SCTE-IN
Slide 3: Inside the Presentation
INSIDE THE Presentation Quarterly Performance Company Overview Superior Business Financial Performance Model Positioning Performance Highlights 04 Shilchar Technologies at a Glance 08 Business Model Positioning 20 5 Year Summary 25 Q3 & 9MFY26 Income Statement 05 Key Milestones 09 Competitive Streng
Slide 4: Quarterly Performance
S H I L C H A R T E CH N O L O G I ES L I M I T E D INVESTOR PRESENTATION 2026 Performance Highligh ts 04 Q3 & 9MFY26 Income Statement 05 Management Commentary 06 Quarterly Performance
Slide 5: Q3 & 9MFY26 Performance Highlights
Q U A R T E R L Y P ER FO R M A N C E Q3 & 9MFY26 Performance Highlights Revenue from Operations EBITDA & EBITDA Margins PAT & PAT Margins ( ₹ IN C R OR E S ) ( ₹ IN C R OR E S & IN % ) ( ₹ IN C R OR E S & IN % ) 31% 25% 171 170 31% 24% 154 32 % 28% 31 % 22% 30 % 29 % 43 54 52 28 % 27 % 35 46 42 26
Slide 6: Q3 & 9MFY26 Income Statement
Q U A R T E R L Y P ER FO R M A N C E Q3 & 9MFY26 Income Statement (₹ I N CRORE S) YoY Change YoY Change PARTICULARS Q3FY25 Q2FY26 Q3FY26 9MFY25 9MFY26 (%) (%) REVENUE FROM OPERATIONS 153.74 171.28 170.26 11% 391.28 500.29 28% TOTAL INCOME 158.45 180.35 176.34 11% 403.17 519.67 29% OPERATING EXPENSE
Slide 7: Management Commentary
Q U A R T E R L Y P ER FO R M A N C E Management Commentary Shilchar continues with its healthy financial trajectory through Q3 and 9MFY26, delivering a robust all-around performance. The Company reported revenue of ₹170 crore in Q3 & ₹500 “We continue to see crore in 9M, reflecting YOY growth of 11
Slide 8: Company Overview
S H I L C H A R T E CH N O L O G I ES L I M I T E D INVESTOR PRESENTATION 2026 Shilchar Technologies at a Glance 09 Key Milestones 10 Our Facilities 11 State-of-Art Infrastructure 12 Quality Assurance 13 Capacity Expansion 14 New Plant Building 15 Generational Talent 16 Diversified Product Profile 1
Slide 9: Shilchar Technologies at a Glance
C O M PA N Y O V ER V I E W Shilchar Technologies at a Glance Premier Brand Specializes in Custom-made transformers for Of Power & Distribution Transformer since last Renewables & ~4 decades Industrial applications Existing Production Capacity Focused on Debt-Free 7,500 MVA transformers up to Balanc
Slide 10: Key Milestones
C O M PA N Y O V ER V I E W Key Milestones 2010 E NTE RE D RENE WAB LE S ~25 years TRANSFORMER MARK ET Of Expertise in Power & Distribution Transformers 2000 2015 E XP ANDED I NTO 2008 2014 AC QUI RED DI STRIB UTION COM ME NCE D CLOCK E D ₹100 CR & P OWE R GAVA SAD LA ND TRANSFORM ER REV ENUE , FULL
Slide 11: Our Facilities
C O M PA N Y O V ER V I E W Our Facilities Manufacturing Philosophy Certifications Specialising in design & ideation Flagship Facility 450+ of quality transformers as per Shilchar ’s Flagship People Employed customer specifications Facility is in Gavasad, Vadodara Made-to-order approach over stock-a
Slide 12: State-of-Art Infrastructure
C O M PA N Y O V ER V I E W State-of-Art Infrastructure 2 Production Shops Dust-free Environment State-of-art Testing Laboratory Featuring positive One each for air pressure using NABL accredited 5 MVA, 33 KV HVAC system & testing lab with class & 50 MVA, epoxy flooring advanced 132 KV class across
Slide 13: Quality Assurance
C O M PA N Y O V ER V I E W Quality Assurance 3 Testing In-house Partial NABL Automatic Lab oratories for Imp ulse Discharge Free Accredited High Voltage Simultaneous Generator Testing Lab Lab Tester Testing Equipped With chopping Up to Suitable for up with automatic up to 900 300 KV/1 Amp to 132 KV
Slide 14: Capacity Expansion
C O M PA N Y O V ER V I E W Capacity Expansion Upcoming Capacity Expansion Capacity Utilisation Capacity Expansion Roadmap ( IN % ) ( IN M V A) 100% 14,000 MVA 75% 7,500 77% MVA 50% ▪ New capacity expected to come online from April 2027 31% ▪ Sufficient land parcel for potential ~2X capacity increas
Slide 15: Gavasad Facility
C O M PA N Y O V ER V I E W Gavasad Facility S H I L C H A R T E CH N O L O G I ES L I M I T E D | INVESTOR PRESENTATION 2026 14
Slide 16: Generational Talent
C O M PA N Y O V ER V I E W Generational Talent Alay J. Shah Aashay A. Shah Aatman A. Shah Chairman & Managing Director Executive Director Manager Operations • Qualifications • Qualifications • Qualifications Bachelor of Science in Electronics Bachelor of Science in Electrical Bachelor of Science in
Slide 17: Diversified Product Profile
C O M PA N Y O V ER V I E W Diversified Product Profile Power Distribution Inverter Duty Generator Hydro Furnace Transformers Transformers Transformers – Transformers - Transformers Transformers Solar Wind Used at the point of Use in power Used in solar power Used in wind power Used in hydro power U
Slide 18: Diversified Applications
C O M PA N Y O V ER V I E W Diversified Applications Private Sector Utilities Solar Energy Wind Energy Hydro Energ y Cement Sugar Steel Hydrocarbon Large Scale EPC Players Oil & Gas Private Sector Corporates S H I L C H A R T E CH N O L O G I ES L I M I T E D | INVESTOR PRESENTATION 2026 17
Slide 19: Global Footprint
C O M PA N Y O V ER V I E W Global Footprint Meaningful Export-Mix ( IN % ) ~18 years 25+ 5 Of Experience in Transformer Expor ts International Markets Continents 1 AM E RI CA • USA • Chile • Canada 44% 48% 2 E UR OPE 57% • Iceland • Slovenia 74% 2 • Romania 81% 1 3 M ID D LE E AST 5 • Kuwait • UAE
Slide 20: Superior Business Model Positioning
S H I L C H A R T E CH N O L O G I ES L I M I T E D INVESTOR PRESENTATION 2026 Business Model Positioning 21 Competitive Strengths 22 Demand Drivers 23 Business Outlook 24 Superior Business Model Positioning
Slide 21: Business Model Positioning
S U P E R I OR B U S I N ES S M OD EL PO S I T I O N I N G Business Model Positioning Niche Product Profiles Strong design & engineering + Made-to-Order Focused on + Quick TAT Well-designed plant auguring = Superior Profitability & Capital Return Ratios Resulting in Superior capabilities customised
Slide 22: Competitive Strengths
S U P E R I OR B U S I N ES S M OD EL PO S I T I O N I N G Competitive Strengths Mass Customization Ability to deliver custom-solutions at scale #1 Robust Capital Structure Debt-free balance sheet & surplus cash reserves to finance growth initiatives #2 Catering to emerging opportunities & growing i
Slide 23: Demand Drivers
S U P E R I OR B U S I N ES S M OD EL PO S I T I O N I N G Demand Drivers #2 #3 Growing Global Global transformer Continued thrust towards Electricity Demand supply shortage conventional energy, #1 creating significant especially in emerging export opportunities economies like India Investments in P
Slide 24: Business Outlook
S U P E R I OR B U S I N ES S M OD EL PO S I T I O N I N G Business Outlook Last capacity expansion Geared for Conducive macro- operational since August 2024 further CAPEX environment depending up on industry driving next leg of growth Significant investments demand outlook in grid & T&D Significant
Slide 25: Financial Performance
S H I L C H A R T E CH N O L O G I ES L I M I T E D INVESTOR PRESENTATION 2026 5 Year Summary 26 Key Performance Indicators 27 Profit and Loss Summary 28 Balance Sheet Summary 29 Cash Flow Summary 30 Capital Markets Overview 31 Financial Performance
Slide 26: 5 Year Summary
F I N AN C I A L P E R F OR M AN C E 5 Year Summary Revenue from Operations Profit after Tax ( ₹ IN C R OR E S ) ( ₹ IN C R OR E S ) 623 147 CAGR GROWTH CAGR GROWTH 397 92 280 180 43 118 14 6 FY21 FY22 FY23 FY24 FY25 52% FY21 FY22 FY23 FY24 FY25 127% EBITDA & EBITDA Margins EPS ( ₹ IN C R OR E S & I
Slide 27: Key Performance Indicators
F I N AN C I A L P E R F OR M AN C E Key Performance Indicators ROE ROCE ( IN % ) ( IN % ) 44% 42% 58% 56% 36% 47% 18% 24% 8% 13% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Cash from Operating Activities Equity & Debt to Equity ( ₹ IN C R OR E S ) ( ₹ IN C R OR E S & T IM E S ) 76 0.2 347 39
Slide 28: Profit and Loss Summary
F I N AN C I A L P E R F OR M AN C E Profit and Loss Summary (₹ I N CRORE S) PARTICULARS FY21 FY22 FY23 FY24 FY25 CAGR (FY21-25) REVENUE FROM OPERATIONS 117.81 180.18 280.24 396.88 623.15 TOTAL INCOME 120.21 183.54 288.32 409.71 639.62 52% OPERATING EXPENSES 108.30 160.77 227.16 283.58 438.40 Revenu
Slide 29: Balance Sheet Summary
F I N AN C I A L P E R F OR M AN C E Balance Sheet Summary (₹ I N CRORE S) PARTICULARS FY21 FY22 FY23 FY24 FY25 SHAREHOLDERS' FUNDS 66.34 79.77 121.44 209.59 346.83 NON-CURRENT LIABILITIES 7.93 3.24 3.23 3.33 3.98 LONG TERM BORROWINGS 5.28 2.51 0.00 0.00 0.00 CURRENT LIABILITIES 32.89 60.46 53.09 79
Slide 30: Cash Flow Summary
F I N AN C I A L P E R F OR M AN C E Cash Flow Summary (₹ I N CRORE S) PARTICULARS FY21 FY22 FY23 FY24 FY25 CASH FROM OPERATING ACTIVITIES 10.37 (6.45) 39.22 76.48 39.56 CASH FROM INVESTING ACTIVITIES (1.26) (0.87) (12.10) (22.63) (47.77) CASH FROM FINANCING ACTIVITIES (9.64) 6.06 (18.59) (28.99) 4.
Slide 31: Capital Markets Overview
F I N AN C I A L P E R F OR M AN C E Capital Markets Overview C URREN T MARKET ₹3,389 Shareholding Pattern PRI CE 52 WEEK 4.24% 62.12% HI GH/LOW ₹6,125 / ₹2,805 FIIs + DIIs PROMOTERS MARKET ₹3,878 Crore C APITALI ZATION SH ARES 1.14 Crore OU TS TAN D IN G 100% BSE SC RIP C OD E 531201 33.64% PUBLIC
Slide 32: Disclaimer
C o nt a c t U s Disclaimer For More Information This document which have been prepared by Shilchar Technologies Limited (the “Company”), have been prepared solely for information purposes. This document has been prepared by the Company based on information and data which the Company considers relia
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