Emmforce Autotech Limited · BSE:EMMFORCE
Emmforce Autotech — Investor Presentation (February 2026)
44 slides from Emmforce Autotech's investor presentation, February 2026
Slide 1: Winning the Races on Rough Tracks
Accelerating the Performance Emmforce Autotech Ltd Winning the Races on Rough Tracks Investors Presentation February 2026
Slide 2: Table of Content
Table of Content Business Overview 01 Financial updates 02 Strategic priorities 03 Annexure 04
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities and shall not form the basis or be r
Slide 4: Winning the Races on Rough Tracks
Winning the Races on Rough Tracks
Slide 5: Key metrics for FY25
Manufacturer of precision-engineered niche drivetrain components 01 primarily catering to 4WD and performance racing vehicles. Key metrics for FY25 02 Strategically expanded into the Agri segment. Total Revenue: Rs. 89 Cr EBITDA: 21% PAT: 9.2% Product portfolio includes differential housings, 4WD lo
Slide 6: Product Development cycle
Customer stickiness Export-oriented business Bulk Supply RFQ & Sample / drawing Vertical Integration: Diverse product portfolio 1. In-house design & 1. Hubs & Spindles PPAP / engineering 2. Axle shafts Product Quotation 2. Forging of drivetrain 3. Driveshaft parts Submission components Fully Integra
Slide 7: Our USPs
Export-Led, Globally Scaled Business Predominantly export-driven operations with ~94% revenue from overseas markets. Deep-Rooted Customer Relationships Design Excellence ~95% customer retention, reflecting strong IATF certification – High quality control allowing for repeat orders, long-term relatio
Slide 8: Sizeable and Increasing Presence
Sizeable and Increasing Presence —_ (emer
Slide 9: Sizeable and Increasing Presence
Sizeable and Increasing Presence Se
Slide 10: Design & Development, Forging and Testing Facilities
Design & Development Forging simulation Spectrometer Microscope with Universal Testing Micro Vickers image Analyzer Machine Hardness test Benchmarking Tool Room Mechanical Forging Press Coordinate Measuring Machine Standard Room ENAMOTO Japan Servo SCADA Driven Machine shop Friction Screw Forging Co
Slide 11: Backward Integration and Capacity Utilization
Integrated manufacturing setup - A fully integrated 1,50,000 sq. ft. facility with end-to-end in-house capabilities. Backward Integration Capacity utilization Manufacturing unit area` 1,50,000 sq. ft. Emmforce Mobility Solutions Pvt. Ltd (EMSPL), the subsidiary is used for backward integration: Annu
Slide 12: Products
(Rs. in Cr.) Product led revenue - FY24 Product led revenue - FY25 38 32 Hubs & Spindles Hubs & Spindles 21 Axle shafts Axle shafts Products Products 21 Other differential parts Other differential parts 16 Other parts 13 Other parts Driveshaft parts Driveshaft parts 7 6 Scrap, license, tooling, etc
Slide 13: Hydraulic Gear Pump
Undertook a five-year Creates cross-selling R&D program to opportunities across develop Hydraulic automotive, agri and off-highway platforms 06 01 Gear Pumps aligned with OEM performance and quality standards Hydraulic Gear Pump Represents our Built in-house transition from design, validation, compo
Slide 14: Pricing power and Customer Stickiness
Pricing power Customer Stickiness Operates in niche, precision-engineered drivetrain components with limited Long product life cycles and customer-specific designs result in high switching competition costs, typically requiring 3–5 years for customers to transition to alternate suppliers Products ar
Slide 15: R&D and new products
Focus on new products: Successfully developed hydraulic gear pumps, 01 rotavator blades, and many more products (Rs in Cr.) 1.75 Focus on process improvements: Forging integration, precision 02 machining enhancements for quality and cost efficiency. Helps to find customer-specific solutions: From co
Slide 16: Trusted by Industry Leaders
1. The recently secured Rs. 470 Cr U.S. export order has commenced commercial production and is expected to generate approximately Rs. 55 Cr of annual revenue over a nine-year period beginning FY27. The Company also expects to recognise approximately Rs.10 crore in revenues from this order in FY26.
Slide 17: Global Automotive drivetrain market
The Indian auto - component industry is poised to attract investments of approximately India is projected to be one of the largest global automotive and mobility hub. USD 6.5-7 billion in the next five years, nearly doubling the expenditure compared to the USD 3.5-4 billion invested in the last five
Slide 18: Strategic priorities
Scaling up Agri division Expanding to Tier-1 OEMs in the US, Europe and Asia Simplify group structure
Slide 19: Market Opportunity - Agri
Market Opportunity Strategic Rationale Global Farm Equipment market Diversifies revenue beyond export-heavy drivetrain business ~$190 Bn by 2030 | ~$110 Bn (2024) ~12.1% CAGR Higher margin potential through next-gen agri Rotavator blades market: implements ~$1.2 Bn (2024) ~$2.5 Bn by 2033 | ~9.1% CA
Slide 20: Where Strategy Meets Action - Agri
Where Strategy Meets Action - Where Growth Turns into Value Levers That Drive Performance Agri production already commenced through subsidiary Near-term capacity: Rs. 150 Cr TAFE rotavator parts have been in full-scale production since July 2025, with Long-term annual potential: Rs. 250 Cr business
Slide 21: Market Opportunity - Drivetrain
Market Opportunity Strategic Rationale Driveshaft components: Strengthens participation in high-value, regulated OEM ecosystems. ~$31.2 Bn (2021) ~$48.2 Bn by 2030 Differential Components: Facilitates a strategic shift in moving up the value curve from component-level supply to long-term program par
Slide 22: Where Strategy Meets Action - US business
Where Strategy Meets Action - Where Growth Turns into Value Levers That Drive Performance Added three new US customers over the last eight months, Annual US business pipeline of ~Rs. 75+ Crore already secured despite a challenging tariff environment. (Rs. 55 crore + Rs. 10.5 crore + Rs. 10 crore). S
Slide 23: Subsidiary and Related Party
Subsidiary Related Party Emmforce Emmbros Mobility Automotives Pvt. Solutions Ltd Private Limited Forgings & Rear/Front Axle Rotavator Shafts, blades Transmission shafts etc The company intends to migrate to the mainboard within approximately one year, followed by acquisition of Emmbros Automotives
Slide 24: Next Frontier
Agri Segment 50cr 22% Growth in Domestic & International Partnerships 30cr USD appreciation Capex completed; margin expansion 10cr benefits export revenue potential ahead. Next Frontier Automotive Segment +30% 225cr US tariffs are OEM-led growth with passed through to ~40% revenue 115cr 22% customer
Slide 25: Financial Highlights
Financial Highlights Winning the Races on Rough Tracks
Slide 26: Strong Revenue Growth with Accelerating Profitability
Strong Revenue Growth with Accelerating Profitability (Rs. In Cr.) Revenue EBITDA 18 17 89 84 14 71 11 11 52 49 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 PAT 9 8* 7 5 4 FY21 FY22 FY23 FY24 FY25 *The PAT declined largely on account of higher depreciation linked to new asset capitalization in
Slide 27: Revenue, EBITDA, ROE and Margins
(Rs. In Cr.) Total Revenue EBITDA PBT 89 18 13 84 17 11 12 71 14 52 11 11 8 49 7 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 ROE Debt to equity Margins 44% 2.10 41% 41% 34% 31% 37% 33% 33% 22% 24% 21% 21% 21% 19% 0.78 0.65 11% 11% 10%* 10% 9% 0.29 0.32 10% FY21 FY22 FY
Slide 28: Net debt to EBITDA, ROCE, Working capital cycle
*The recent decline in ROCE reflects significant capacity-expansion capex for agri division; returns are expected to improve as utilisation ramps up and revenues scale. Net debt to EBITDA ROCE* 63% 2.44 48% 1.38 1.38 31% 33% 1.15 14% 0.41 FY22 FY23 FY24 FY24 FY25 FY22 FY23 FY24 FY24 FY25 Working cap
Slide 29: Profit and Loss Statement
(Rs. In Cr.) Particulars (Rs Cr) FY21 FY22 FY23 FY24* FY25 Revenue from Operations 50 69 46 83 88 EBITDA 11 14 11 17 18 EBITDA Margin 22% 21% 24% 21% 21% Depreciation 1 1 2 2 4 EBIT 10 13 9 15 14 EBIT Margin 19% 19% 20% 19% 16% Finance Cost 2 2 2 2 2 Other Income 1 2 3 1 1 PBT 8 11 7 13 12 PBT Margi
Slide 30: Balance Sheet
(Rs. In Cr.) ASSETS (Rs Cr) FY21 FY22 FY23 FY24 FY25 LIABILITIES (Rs Cr) FY21 FY22 FY23 FY24 FY25 Non Current assets EQUITY AND LIABILITIES Property, Plant & Equipments 8 14 12 27 37 EQUITY Equity share capital 15 21 23 15 21 Capital Work in Progress 2 4 3 22 Reserves & surplus - - - 4 59 Goodwill o
Slide 31: H1 FY26 Profit and Loss
(Rs. In Cr.) Particulars (Rs Cr) H1 FY25 H1 FY26 Y-o-Y% H2 FY25 Revenue from Operations 35 54 53% 52 EBITDA 8 11 48% 11 EBITDA Margin % 21% 21% 21% Depreciation 2 3 61% 3 Earnings Before Interest & Tax 6 8 43% 9 Interest 1 1 8% 1 Other Income 2 0 -1 Profit Before Tax 4 7 52% 7 Tax 1 3 161% 3 Net Pro
Slide 32: Balance Sheet H1 FY26
(Rs. In Cr.) ASSETS (Rs Cr) H2 FY24 H2 FY25 H1 FY26 LIABILITIES (Rs Cr) H2 FY24 H2 FY25 H1 FY26 ASSETS EQUITY AND LIABILITIES Non Current assets EQUITY Equity share capital 15 20 20 Property, Plant & Equipments 27 36 51 Reserves & surplus 4 59 66 Capital Work in Progress 3 22 21 Non controlling inte
Slide 33: Annexures
ANNEXURES Winning the Races on Rough Tracks
Slide 34: Company milestones
Operations commenced with Scaled operations with the Established an in-house scaled operations with Manufacturing footprint Expanded manufacturing a rented 4,000 sq. ft. commissioning of a 20,000 sq. assembly line, expanding expansion to a 60,000 sq. ft. expanded to 90,000 sq. ft., footprint to 1,50
Slide 35: Mr. Ashok Mehta and Mr. Azeez Mehta
Mr. Ashok Mehta Promoter & Managing Director Brings 33+ years of experience in the automotive components industry. A Chartered Accountant with strong engineering aptitude, he focuses on capital-efficient growth, strong governance, and operational excellence. He is also a published author, reflecting
Slide 36: Integrity, Excellence, Collaboration, Innovation
Integrity - Proactive, market- and customer-centric management approach ensures transparency, accountability, and long-term partnership orientation. Excellence - Integrated manufacturing of a wide range of drivetrain components under one roof provides superior quality control and operational efficie
Slide 37: Our Vision, Mission, Values
OUR VISION OUR MISSION OUR VALUES “To achieve customers' utmost delight by “Ethical Business Practices, Latest Technology, “To be an industry leader with global developing and delivering the best quality, Rapid Turnaround Time, presence, world-class products and delighted cost competitive, market dr
Slide 38: Spindles and Hubs
. . These components enable efficient power transmission, torque control, and functional engagement across drivetrain systems. Spindle Actuator Hub Engineered for durability and precision, they ensure reliable performance under demanding operating conditions. Floater Hub Locking Hub 38
Slide 39: Axle and Power Transmission Shafts
These drive train and power . transmission components are used to transmit torque, support vehicle movement, and handle high load and stress conditions Rear Axle Shafts Power Transmission Cardan Shaft in automobiles and equipment. Shafts They play a critical role in power delivery from the engine to
Slide 40: Yokes and Joint Assemblies
. . The yokes and joint assemblies are critical driveline components used to connect, support, and transmit rotational power between shafts and different drivetrain Flange Yoke Slip Yoke Stub Yoke elements. They accommodate angular movement, vibration, and misalignment while ensuring smooth and reli
Slide 41: Differential Components
These differential components are used to control torque distribution between wheels, improve traction, and enhance Full Spool Differential Locker driveline performance under varying road and off-road conditions. They enable wheel locking, limited slip, or equal torque transfer, depending on vehicle
Slide 42: Assemblies and Systems
. . These assemblies and systems are used to enable power transmission, torque control, and functional Hyd. Gear Pump Axle Assembly engagement within drivetrain and hydraulic systems. They support vehicle movement, gear selection, wheel engagement, and . load handling under demanding operating condi
Slide 43: Subsidiary Product Portfolio
Subsidiary Forgings Product Portfolio Rotavator Blades Rotavator www.emmforce.com 43
Slide 44: Thank You!
Accelerating the Performance Thank You! Emmforce Autotech Ltd. Plot No.1,3 & 5 EPIP Phase-I, Baddi, H.P-173205, INDIA E-Mail: finance@Emmforce.com www.emmforce.com For further information, please contact Sakshi Shah Email: SakshiS@goindiaadvisors.com Nikhar Arora Email: nikhar@goindiaadvisors.com +9
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