Aztec Fluids & Machinery Ltd. · BSE:AZTEC
Aztec Fluids & Machinery — H1 FY26 Earnings Presentation
33 slides from Aztec Fluids & Machinery's earnings presentation, Jan 9, 2026
Slide 1: BSE filing cover letter for investor presentation
Date: 09.01.2026 To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. SECURITY CODE: 544177 || SECURITY ID: AZTEC || ISIN: INE0SCB01016|| SERIES: EQ Sub.: Investor’s Presentation for the half year ended on 30th September, 2025(H1 FY26) Pursuant to Regulation 30 of Schedule III P
Slide 2: Aztec Fluids & Machinery Limited H1 FY26 Investor Presentation
Aztec Fluids & Machinery Limited H1 FY26 Investor Presentation
Slide 3: Management's Take
Management’s Take “We are pleased to report a resilient H1 FY26, delivering ₹48.92 Crore in Revenue and maintaining robust EBITDA margins of 15.2%. Our next phase of growth is defined by ‘Technological Sovereignty' where we are committing significant planned CAPEX to establish India’s first In-House
Slide 4: Aztec at a Glance
Aztec at a Glance Established in 2010, Aztec Fluids & Machinery Limited is a leading provider of coding and marking solutions in India. Specializes in offering state-of-the-art equipment for printing variable information on products and packaging materials. Provides printers, printer consumables, an
Slide 5: Key Facts and Figures
Key Facts and Figures 20+ 2nd only 01 15+ Years Of Experience Listed Entity in the industry Operational Unit No. of SKU’s 100% 15+ 15+ 5000+ Acquisition of Jet Inks Serving Industries Global Presence in countries Products Installed BIS License 1350+ 3500+ No. of Printers sold 100+ Global Grade Quali
Slide 6: Major Events into Aztec Journey
Major Events into Aztec Journey Exclusive Distributor agreement with Lead Incorporation of tech to sell their firm as Private Ltd. products in Indian Sub 1000+ Printers Sold Continent 2010 2013 2015 2016 2022 2024 • Got Listed on BSE SME Started to import and Corporate Office: Sell Leadtech printers
Slide 7: Versatile Solutions for Multi Sector World
Versatile Solutions for Multi Sector World Building Materials Agro Products Electronics Plywood and Construction Automobile FMCG Rubber and Tyres Chemicals Industries Beverages Food Steel and Metal FMEG Cable and Wire Bakery Products Healthcare Textiles and Confectionary Products Packaging Cement In
Slide 8: The Macro Opportunity for Coding and Marking
The Macro Opportunity for Coding and Marking The "China + 1" Shift Global Industry Market (In USD Billions) • Global manufacturers are diversifying supply chains, positioning 11.79 India as a primary alternative for industrial production. • Impact on Aztec: Increased installation of coding/marking 8
Slide 9: The Domestic Market – A Billion Dollar Scale up
The Domestic Market – A Billion Dollar Scale up Market Velocity "Make in India" Advantage (Cost ➢ India’s coding market is projected to Leadership): double, growing at 8% CAGR vs. the ➢ Disrupting global incumbents by shifting global average of 7.9%. from "Import-Sell" to "Manufacture-Sell" ➢ Driver
Slide 10: Track and Trace
Track and Trace Aztec’s Strategic Benefit
Slide 11: Track & Trace Market Potential
Track & Trace Market Potential Regulatory Push: Mandatory compliance across industries • Pharma (DGFT, DSCSA, EU FMD) • Agro (state mandates) • FMCG (FSSAI) • Extrusion (BIS) Counterfeit Crisis: ~$1.8T global loss annually to counterfeit goods (OECD) Consumer Transparency: Increasing need for MRP, M
Slide 12: Aztec's Strategic Advantage - The "Win" Formula
Aztec’s Strategic Advantage - The "Win" Formula The Public Sector Play The Trust Framework (Scale) (Credibility) The Technology Edge (Margins) National Digitization Global ESG Benchmarking: Initiatives: Backward Integration: Currently undergoing D-U-N-S ESG Driving large-scale digitization Establish
Slide 13: Marquee Clients
Marquee Clients Investor Presentation 12
Slide 14: Geographical Presence
Geographical Presence Export : 9.23 % (H1 FY26) Domestic : 90.77 % (H1 FY26) Gradual Export Expansion: Expansional Overview: • Current export presence in East Africa, primarily Nigeria and Kenya. • Chhattisgarh: 26 machines installed and operational • Export operations face logistical and cost-relat
Slide 15: Unmatched Capabilities : Competitive Advantages
Unmatched Capabilities : Competitive Advantages Only 2nd Listed Player in the Segment Widest Product Portfolio in the Segment Among the few publicly listed industrial CIJ, TIJ, DOD, Laser, TTO, PIJ, handheld coding & marking companies in India printers + 20+ ink SKUs for varied applications Integrat
Slide 16: Business Overview
Business Overview
Slide 17: Comprehensive Product Range
Comprehensive Product Range Key Features: • Tailored for specific industrial applications • Suitable for various substrates and production speeds • Solutions for high-speed coding, permanent marking, and high-contrast printing • Designed for sectors including food and beverages, pharmaceuticals, and
Slide 18: Product Wise - Revenue Bifurcation
Product Wise - Revenue Bifurcation Revenue Bifurcation in % terms INR Lakhs 11.43 2.06 Particulars H2 FY25 H1 FY26 32.84 Printers 1,428.37 1,549.99 Ink & Solvent 2,004.79 2,237.47 Spares 272.97 365.08 53.11 Others 114.79 115.97 Total 3,820.93 4,268.50 Printers Inks & Solvents Spares Others Investor
Slide 19: Scaling Up for the Future : New Assembly Unit
Scaling Up for the Future : New Assembly Unit With Lean manufacturing techniques and shop floor synergies, the new assembly unit will enhance its manufacturing capabilities New Assembly Unit facility covering 11,028 square meters. Collaborative Advantage • The facility will produce 3,000 to 4,000 li
Slide 20: About Jet Inks – 100% Subsidiary of Aztec
About Jet Inks – 100% Subsidiary of Aztec Founded in 2002, Jet Inks Pvt. Ltd. has established itself as a leading name in industrial printing, specializing in compatible Inks and additives for CIJ printers. It was once The largest ancillary component provider in India in coding and marking solutions
Slide 21: Unlocking Synergies : Building Together, Growing Faster
Unlocking Synergies : Building Together, Growing Faster Revenue Growth Why Jet Inks? Margin Expansion Expected to deliver immediate • Strengthened backward integration in ink manufacturing. Improved gross margins from accretion to consolidated top-line • Access to Jet Inks’ well-established client b
Slide 22: Clientele Presence – Jet Inks
Clientele Presence – Jet Inks Investor Presentation 21
Slide 23: Management Overview
Management Overview Mr . Pulin Kumudchandra Mrs. Amisha Pulin Mr. Devraj Pandya Mr. Mahesh Patade Vaidhya Vaidhya Business Head – Jet Inks Pvt Ltd Group Chief Financial Officer Chairman & Managing Director Whole Time Director 30+ Years of Experience 15+ Years of Experience 25+ Years of Experience 14
Slide 24: Technological Sovereignty & Market Expansion
Technological Sovereignty & Market Expansion Operational Backbone Tech Sovereignty Digital Transformation: Backward Integration (Capex): ➢ Full-scale Enterprise-Grade Digital Platform ➢ Establishing In-House Manufacturing for Deployment (Sales & Service) integrated with Proprietary High-Value Compon
Slide 25: Innovation Roadmap: Backward Integration & R&D
Innovation Roadmap: Backward Integration & R&D Strategic CAPEX & R&D Roadmap Focus CAPEX PLAN (In %) ▪ Deployment of strategic significant capital✓ To transition from importing laser sources over the next 5 years, executed in a phased to manufacturing them in-house. 3 5 manner to manage cash flow ef
Slide 26: Charting the Future : Aztec Growth Journey
Charting the Future : Aztec Growth Journey Key Markets Gujarat, Rajasthan, and Tamil Nadu are key Revenue Strategic Acquisition Projected Revenue Growth Future Manufacturing Plans contributors, with Acquired Jet Inks Private Doble digit growth in Topline with Aim to manufacture 60-80% of plans to st
Slide 27: Key Financial Metrics - Consolidated
Key Financial Metrics - Consolidated Operating Revenue (INR Crs) EBITDA (INR Crs) PAT (INR Crs) 48.92 8 4.5 7 4 6 3.5 3 5 2.5 7.53 4.22 4 42.35 2 5.39 2.98 3 1.5 2 1 0.5 1 0 0 H2 FY25 H1 FY26 H2 FY25 H1 FY26 H2 FY25 H1 FY26 Operating Revenue (INR Crs) EBITDA (INR Crs) PAT (INR Crs) 7.5 5 4.7 48.92 7
Slide 28: H1 FY26 Consolidated Profit & Loss Statement
H1 FY26 Consolidated Profit & Loss Statement In Crs Particulars H2 FY25 H1 FY26 YoY % Revenues 42.35 48.92 Other Income 1.88 0.61 Total Income 44.23 49.53 11.98 Raw Material Expenses 23.90 26.78 Employee costs 7.17 7.42 Other expenses 7.78 7.81 Total Expenditure 38.84 42.00 EBITDA 5.39 7.53 45.35 EB
Slide 29: Standalone Historical Profit & Loss Statement
Standalone Historical Profit & Loss Statement In Crs Particulars FY23 FY24 FY25 Revenues 54.26 67.68 73.87 Other Income 0.27 1.31 3.14 Total Income 54.53 68.99 77.01 Raw Material Expenses 35.75 44.05 44.48 Employee costs 6.11 7.01 8.62 Other expenses 7.70 8.95 12.54 Total Expenditure 49.56 60.01 65.
Slide 30: Balance Sheet
Balance Sheet Equities & Liabilities FY24 FY25 H1 FY26 Assets FY24 FY25 H1 FY26 Equity 10.00 13.60 13.60 Non Current Assets Reserves 11.40 36.38 4.00 Fixed Assets 7.04 10.79 12.12 Net Worth 21.40 49.98 53.61 Deferred Tax Assets (Net) 0.23 0.34 0.11 Non Current Liabilities Long Term Borrowings 2.74 1
Slide 31: Capital Market Data
Capital Market Data As on 26-12-2025 Share Performance (Up to 26th Dec, 2025) BSE: AZTEC | 544177 INR Share Price 118.00 140 Share Price Market Capitalization (Crs) 160.48 120 No. of Share Outstanding (Crs) 1.36 Face Value ₹ 10.0 100 52 Week High/Low ₹ 128.00/ 70.00 80 As on 30-09-2025 60 Shareholdi
Slide 32: Safe Harbor
Safe Harbor This presentation, along with its accompanying slides (hereafter referred to as the “Presentation”), has been compiled by Aztec Fluids & Machinery Limited (Aztec, or "the Company") for informational purposes only. It does not constitute an offer, recommendation, or invitation to purchase
Slide 33: Thank You
Thank You Aztec Fluids & Machinery Limited Confideleap Partners 5th Floor / Top Floor, Takshashila Square, 103-8, Lodha Eternis, MIDC, Krishna Baug Cross Road, Andheri East, Mumbai, Oppo. Sankalp Restaurant, Maharashtra, INDIA – 400093 Maninagar, Ahmedabad - 380 008 Phone: +91 9819156553 Info@confid
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