Slide 1: Cover letter to stock exchanges
~ ISGEC = ISGEC HEAVY ENGINEERING LTD. A-4. Sector-24, Noida - 201 301 (UP) India (GST No.: 09AAACT5540K2Z4) Tel.: +91-120-4085000 1 01 1 02 Fax: +91-120-4085100 www.lsgec.com February 10, 2026 To, To, BSE Limited National Stock Exchange of India Limited P J Tower, Dalal Streets Exchange Plaza, C-1,
Slide 2: Investor Presentation Q3 & 9M FY26
ISGEC Heavy Engineering Ltd. Investor Presentation Q3 & 9M FY26 1
Slide 3: Safe Harbor
Safe Harbor This Presentation and the accompanying slides (the “Presentation”), which have been prepared by Isgec Heavy Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Table of Contents
Table of Contents 1 2 3 4 5 Company Performance Annual Order Book Annexures Overview Highlights Performance Q3 & 9M FY26 Highlights 3
Slide 5: Company Overview
—EgwwL ISGEC QS Company Overview
Slide 6: ISGEC at a Glance
ISGEC at a Glance 92+ Years and Going Strong Global Reach with equipment supply in 93 Countries across 6 continents Diversified Company (Manufacturing of Machinery & Equipment, Industrial Projects and Sugar & Ethanol) Serving Marquee Clients Distinguished Board and Management Team Technology
Slide 7: 92+ Years & Going Strong
92+ Years & Going Strong Incorporated in 1933 as a Sugar Manufacturing Company. Transformed into a Diversified Heavy Engineering Company with 87% Consolidated Revenue* from Engineering Products and Projects 1933 2023 Isgec, then known as Capacity in Ethanol Plant at Saraswati Saraswati Sugar Syndica
Slide 8: Diversified Business Model
Diversified Business Model Process Plant Equipment Sugar Plants & Distilleries Air Pollution Control Iron & Steel Castings Equipments Industrial Boilers Boiler Tubes & Panels Manufacturing Industrial Power Plants Projects 36% Presses & Press Brakes Revenue* 51% Revenue* Bulk Material Handling Equipm
Slide 9: Serving Marquee Clientele across Sectors
Serving Marquee Clientele across Sectors 8
Slide 10: Successfully Executed Orders
Successfully Executed Orders 9
Slide 11: Operating Facilities ensuring Pan-India Presence
Operating Facilities ensuring Pan-India Presence 8 Manufacturing Plants located across the world Industrial Projects Offices Manufacturing Facilities Pressure Vessels & Heat Yamunanagar, Exchangers, Presses, Boilers, Haryana Containers, Iron Castings, Noida, Sugar & Other Industrial Uttar Pradesh Ma
Slide 12: Revenue Diversification across Geographies
Revenue Diversification across Geographies Equipment supplied in 93 countries across 6 continents Consolidated Revenue (in Rs. Mn) 54,993 64,040 62,193 64,222 100% 5,268 10% 17% 8,110 13% 8,831 14% 90% 10,762 80% 70% 60% 90% 87% 86% 83% 50% 49,725 54,083 55,391 40% 53,278 30% 20% 10% 0% FY22 FY23 FY
Slide 13: Strategic Technology Partnerships
Strategic Technology Partnerships NEM Energy CB&I Babcock Power Thermal Engineering Fuel Tech B.V., Technology Inc., Environmental Inc., International (TEi), Inc., Netherlands USA USA USA USA Amec Foster AP&T, Sumitomo SHI BHI FW Envirotherm Wheeler, Sweden FW Energia Corporation, Gmbh, (now with Wo
Slide 14: Distinguished Board of Directors
Distinguished Board of Directors Mr. Ranjit Puri Mr. Aditya Puri Mr. Kishore Chatnani Mr. Sanjay Gulati Chairman Joint Managing Director Joint Managing Director Managing Director and and Education – B.Sc. Industrial Chief Financial Officer Head – Manufacturing Units Management from MIT, USA Educatio
Slide 15: Distinguished Board of Directors
Distinguished Board of Directors Mr. Arvind Sagar Mrs. Rashi Sikka Mr. Rajiv Roy Chaudhury Mr. Vivek Dhir Independent Director Independent Director Independent Director Independent Director Education – B.Tech. in Education – PGD in Mechanical Engineering from Management (Finance) from Education – MB
Slide 16: Performance Highlights Q3 & 9M FY26
Performance Highlights Q3 & 9M FY26 15
Slide 17: Q3FY26 Snapshot - Standalone
Q3FY26 Snapshot - Standalone Key Financials Segmental 21.1% 28.2% 14.5% 24.7% Manufacturing of Industrial Projects Total Income Growth PAT Growth Machinery & Equipment Revenue Growth YoY YoY YoY Revenue Growth YoY 16
Slide 18: Q3FY26 Snapshot - Consolidated
Q3FY26 Snapshot - Consolidated Key Financials Segmental 17.1% 92.5% 15.9% 22.9% 8.9% Total Income from PAT from Continuing Manufacturing of Industrial Projects Sugar & Ethanol* Machinery & Equipment Revenue Growth Revenue Growth Continuing Operations Operations YoY Growth YoY Growth YoY Revenue Grow
Slide 19: 9MFY26 Snapshot - Standalone
9MFY26 Snapshot - Standalone Key Financials Segmental 2.1% 6.8% 0.03% 0.1% Manufacturing of Industrial Projects Total Income Growth PAT Growth Machinery & Equipment Revenue Growth YoY YoY YoY Revenue Growth YoY 18
Slide 20: 9MFY26 Snapshot - Consolidated
9MFY26 Snapshot - Consolidated Key Financials Segmental 2.7% 6.4% 1.7% 0.4% 8.1% Total Income from PAT from Continuing Manufacturing of Industrial Projects Sugar & Ethanol* Continuing Operations Operations Machinery & Equipment Revenue Growth Revenue Growth Growth YoY Growth YoY YoY Revenue Growth Y
Slide 21: Key Financial Highlights of Continuing Operations – Q3 & 9M FY26
Key Financial Highlights of Continuing Operations – Q3& 9M FY26 (in Rs. Mn) Consolidated Financials Total Income PAT & PAT Margin (%) Total Income PAT & PAT Margin (%) 3.9% 5.7% 6.4% 2000 1800 1600 1400 17,255 17,563 1200 1000 14,997 800 600 980 1,122 583 400 200 0 Q3FY25 Q2FY26 Q3FY26 Q3FY25 Q2FY26
Slide 22: Segmental Highlights – Q3 & 9M FY26
Segmental Highlights – Q3 & 9M FY26 (in Rs. Mn) Revenue & EBIT Margin (%) Consolidated Financials Manufacturing of Machinery & Sugar & Ethanol Industrial Projects Equipment (Excludes Ethanol Plant at Philippines) 5000 12.3% 14.8% 15.4% 4.4% 4.4% 4.9% 4500 8.3% (2.3)% 8.1% 10,000 10,000 4000 3500 9,0
Slide 23: Annual Performance Highlights
Annual Performance Highlights 22
Slide 24: Key Financial Highlights – Annual
Key Financial Highlights – Annual (in Rs. Mn) Consolidated Financials Total Income EBITDA^ & EBITDA Margin (%) PAT & PAT Margin (%) 5.9% 7.3% 8.8% 9.6% 2.1% 3.2% 4.6% 5.5% 64,117 64,616 62,404 6,187 55,126 5,481 3,557 4,673 2,844 3,246 2,055 1,150 FY22 FY23 FY24* FY25* FY22 FY23 FY24* FY25* FY22 FY2
Slide 25: Segmental Highlights – Annual
Segmental Highlights – Annual (in Rs. Mn) Revenue & EBIT Margin (%) Consolidated Financials Manufacturing of Machinery & Equipment Industrial Projects Sugar & Ethanol (Excludes Ethanol Plant at Philippines) 25000 45000 0.14 6.9% 6.9% 10.2% 11.7% 2.9% 4.4% 3.9% 4.6% 9.2% 9.2% 9.9% 8.8% 35000 0.15 0.1
Slide 26: Update on Sale / Disposal of Step-down Subsidiaries
Update on Sale / Disposal of Step-down Subsidiaries lsgec Investments Pte. Limited, Singapore (IIPL), a wholly owned subsidiary of Isgec Heavy Engineering Limited, had entered into a Sale and Purchase Agreement (SPA) with the Buyer on December 09,2024, to sell its entire shareholding in its wholly o
Slide 27: Order Book
Order Book 26
Slide 28: Robust Order Book (Consolidated)
Robust Order Book (Consolidated) Orders Booked during Order Book as at end of the Quarter (in Rs. Mn) Quarter/Financial Year (in Rs. Mn) 87,090 22,370 83,210 80,770 20,740 79,050 17,330 73,220 15,260 14,610 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 FY22 FY23 FY24 FY25 9MFY26 27
Slide 29: Order Book Composition (Consolidated)
Order Book Composition (Consolidated) Order Book : Rs. 87,090 Mn (as on 31st December 2025) Sector wise Geography wise Segment wise 15% 33% 28% 72% 85% 67% PSU & Government International Industrial Projects Private Domestic Manufacturing of Machinery & Equipment 28
Slide 30: Diversified across Sectors
Diversified across Sectors Consolidated Order Book Rs. 87,090 Mn * Railways Power Fertilizer Cement Mines Ports Oil & Gas Steel Chemical Space Automobile Defence Sugar Distillery Paper Water Treatment Composition by Industry Steel, Cement Chemicals Refineries Power Sugar Automobile Others & Aluminiu
Slide 31: Annexures
Annexures 30
Slide 32: Corporate Structure (Subsidiaries & Joint Ventures)
Corporate Structure (Subsidiaries & Joint Ventures) Isgec Titan Metal Fabricators Pvt. Ltd., India – 2015 Cavite Biofuel Producers Inc., Philippines * - 2019 JV with Titan Metal Fabricators USA, based in Yamunanagar, India, for manufacturing Step-down subsidiary in Cavite Philippines, corrosion-resi
Slide 33: Shareholders Information
Shareholders Information Shareholding structure – 31st December 2025 Shareholder Information as on 31st December 2025 BSE Ticker 533033 23.49% NSE Symbol ISGEC Market Cap (in Rs. Mn) 67,018 % Free- float 37.57% 1.21% 62.43% Free Float Market Cap (in Rs. Mn) 25,179 3.61% Shares Outstanding (Mn) 73.5
Slide 34: Driving Sustainable Growth through a Steadfast Commitment to ESG
Driving Sustainable Growth through a Steadfast Commitment to ESG Transitioning to a Utmost importance comparatively clean to the health and fuel (shift from Diesel safety for everyone to RLNG) in our working at the site or factories factory Over the years, increased the mix of Ensuring no human righ
Slide 35: Thank You
Thank You Isgec Heavy Engineering Limited, INDIA chatnani@isgec.com | www.isgec.com Registered Office Radaur Road, Yamunanagar - 135001, Haryana, India CIN No.: L23423HR1933PLC000097 For more information contact: Ernst & Young LLP Rohit Anand I Riddhant Kapur rohit.anand4@in.ey.com I riddhant.kapur@