Raghav Productivity Enhancers Ltd. · NSE:RPEL
Raghav Productivity Enhancers — Investor Presentation (September 2026)
34 slides from Raghav Productivity Enhancers's investor presentation, Sep 10, 2026
Slide 1: Investors' Meet Presentation filing letter
Date: 10-09-20226 To, The BSE Limted The Listing Department Phiroze Jeejeebhoy Towers The National Stock Exchange of India Ltd. Dalal Street, Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, MUMBAI- 400 001 Bandra (East), Mumbai- 400051 Scrip Code: 539837 Company Code: RPEL Sub: Investors’ Meet P
Slide 2: Raghav Productivity Enhancers Ltd.
RAGHAV PRODUCTIVITY ENHANCERS LTD.
Slide 3: Welcome to the Investors Meet
WELCOME TO THE Investors Meet SEPTEMBER 2026 RAGHAV PRODUCTIVITY ENHANCERS LTD.
Slide 4: Changing the rules. And the game.
THE STORY IN ONE LINE The rules of the game Changing the rules. 01 What the industry believed And the game. Changing the rules 02 The last 10 years Where we stand today Ten years ago, we rewrote what a ramming mass 03 Leadership & Plant company could be. The next ten are about rewriting what it can
Slide 5: The rules of the game
01 01 The rules of the game What everyone in ramming mass believed, and why it held for decades. RAGHAV PRODUCTIVITY ENHANCERS LTD.
Slide 6: Ramming Mass?
Before the rules, The material The refractory lining inside an induction furnace to INSIDE AN INDUCTION FURNACE protect the furnace from melting itself Furnace shell and coil W H AT I S Ramming Mass? Ramming mass lining our product Molten steel ■ Rammed into the furnace to hold molten metal at tempe
Slide 7: Seven rules everyone in ramming mass lived by
Seven rules everyone in ramming mass lived by 01 It is a commodity 05 It has logistical challenges 02 It is a cost 06 It cannot be exported It can only be used in an 03 It has no scope for innovation 07 induction furnace 10 years ago, we set out to break every 04 It is not scalable one of them. RAGH
Slide 8: Changing the rules
02 02 Changing the rules The last 10 years: how we broke all seven, one at a time. RAGHAV PRODUCTIVITY ENHANCERS LTD.
Slide 9: Our mindset. Then our name.
W H E R E I T STA RT E D A ramming mass company sells tonnes. A productivity enhancer sells productivity. FROM W E STA RT E D BY C H A N G I N G Raghav Ramming Mass Pvt. Ltd. Our mindset. Then our name. TO ■ From selling a material to selling higher furnace output ■ From one standard product to a mi
Slide 10: Ten years of changing the rules, in numbers
Ten years of changing the rules, in numbers The world's largest manufacturer of silica ramming mass, 2016 to 2026 Listing BSE SME Main Board *F27 annualised based on Q1 RAGHAV PRODUCTIVITY ENHANCERS LTD.
Slide 11: The team that rewrote the rules
The team that rewrote the rules Sanjay Kabra Rajesh Kabra PR OMOTE R , CH AIRM A N AND WH OLE -TIM E PROMOTE R AND MANAG I NG DIRE CTOR DIR E CTOR 30+ years in the business. 30+ years in the sales and marketing of ramming mass. Leads the company's expansion, operations, finance Oversees marketing, p
Slide 12: Independent directors and global advisors
Independent directors and global advisors Hemant M. Nerurkar Amar Lal Daultani Rajni Sekhri Sibal INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Metallurgical engineer. Former Managing Director of Postgraduate in economics and a banker with more Former IAS officer and the first woman
Slide 13: How did we change the rules?
How did we change the rules? Seven rules the industry lived by. We rewrote them. 01 02 03 04 01 02 03 04 Speciality TO Commodity FROM Productivity Enhancer TO Cost FROM No InnovationInnovation FROM Cutting-edge TO Not Scalable FROM Scalable TO FROM FROM FROM FROM Commodity Cost No Innovation Not Sca
Slide 14: Speciality 1.5-2x
1 2 3 4 5 6 7 All seven rules 1 2 3 4 5 6 7 All seven rules RULE 1 OF 7 THE INDUSTRY SAID COST TO CUSTOMER (Domestic Steel) It is a commodity. One product for every plant, sold on price. Commodity ramming RAMMING MASS FOR US IS A ₹4,500 - ₹6,500 mass Speciality Speciality ramming mass ₹8,500 - ₹10,5
Slide 15: Productivity Enhancer
1 2 3 4 5 6 7 All seven rules 1 2 3 4 5 6 7 All seven rules RULE 2 OF 7 THE INDUSTRY SAID S H A R E O F A ST E E L P L A N T ' S O P E R AT I N G C O ST It is a cost. A line item to be minimized, nothing more. RAMMING MASS FOR US IS A Ramming mass cost Everything else Productivity Enhancer < 0.5% D
Slide 16: Driven by Innovation
1 2 3 4 5 6 7 All seven rules 1 2 3 4 5 6 7 All seven rules RULE 3 OF 7 THE INDUSTRY SAID B U I LT F O R A N I N D U S T R Y T H AT N E V E R No innovation in a commodity. Cost is the only edge. I N N OVAT E D JWK AB, Sweden IIT Bombay RAMMING MASS FOR US IS Product development partner Technical col
Slide 17: Scalable
1 2 3 4 5 6 7 All seven rules 1 2 3 4 5 6 7 All seven rules RULE 4 OF 7 THE INDUSTRY SAID VOLUME, THOUSAND TONNES It is not scalable. Local, bulk, inventory-heavy. 332 RAMMING MASS FOR US IS 12x Scalable in ten years ■ World’s largest & first fully automated plant 29 ■ Capacity utilization 94% on cu
Slide 18: Breaking Geographical Boundaries
1 2 3 4 5 6 7 All seven rules 1 2 3 4 5 6 7 All seven rules RULE 5 OF 7 THE INDUSTRY SAID It is location-bound, regionalized. RAMMING MASS FOR US IS Breaking Geographical Boundaries ■ Only pan-Indian supplier ■ Supplying to 27 states/UTs across the nation ■ Customers buying despite high freight cost
Slide 19: Exported to 40+ Countries
1 2 3 4 5 6 7 All seven rules 1 2 3 4 5 6 7 All seven rules RULE 6 OF 7 THE INDUSTRY SAID EXPORTS, 2016 TO 2026 It cannot be exported. Freight kills it, local suppliers win. 2016 2026 RAMMING MASS FOR US IS Export volumes 1 KMT 80 KMT Exported to 40+ Share of volume Negligible 24% Countries ■ Prefer
Slide 20: Engineered for Tundish and Foundries
1 2 3 4 5 6 7 All seven rules 1 2 3 4 5 6 7 All seven rules RULE 7 OF 7 THE INDUSTRY SAID O N E M AT E R I A L S C I E N C E , T H R E E A P P L I C AT I O N S It is one product for steel plants only. INDUCTION INDUCTION FOUNDRIES FURNACE FURNACE RAMMING MASS FOR US IS Ramming Mass Tundish Mass Foun
Slide 21: Where we stand today
03 03 Where we stand today Leadership that is moated, progress you can measure, and the people behind it. RAGHAV PRODUCTIVITY ENHANCERS LTD.
Slide 22: Seven reasons the leadership is moated
Seven reasons the leadership is moated 01 02 03 04 Customization + Price and cost Productivity Customer retention innovation leadership enhancement Tailor-made to each client's Highest price and lowest cost in Customized product plus on-site A sticky base, insensitive to price parameters; the only p
Slide 23: Manufacturing excellence
NEWAI, RAJASTHAN Next to the world's densest quartzite reserve. THE PLANT Manufacturing excellence 30+ acres 4.14 lakh MTPA State-of-the-art facility Group capacity expanding to 5.34 lakh MTPA in Oct 2026 Fully automated DSIR-approved R&D Patented process, 6-stage QC The only research facility of it
Slide 24: Now we plan to change the game
For 10 years, we changed the rules. 04 Now we plan to change the game Five moves. One destination: 2031. RAGHAV PRODUCTIVITY ENHANCERS LTD.
Slide 25: Five ways we change the game
Five ways we change the game Five moves. One destination: 2031. 01 02 03 01 02 03 JV with Nippon Steel Multi Location Foundries Subsidiary Manufacturing An 80:20 JV in East India where half of Targeting 1 Million MT of RM Capacity 50,000 foundries worldwide, at much India's induction furnaces are hi
Slide 26: 80:20 JV with Nippon Steel Subsidiary 350,000 MTPA
1 2 3 4 5 2031 All five moves 1 2 3 4 5 2031 All five moves GAME CHANGER 1 OF 5 W H Y I T M AT T E R S Half of India's induction furnaces are in the East. Our plant is in W H AT T H E J V U N LO C KS the West. GAME CHANGER 350,000 MTPA 80:20 JV with Nippon Steel of capacity in the largest demand clu
Slide 27: Multi-Location manufacturing strategy
1 2 3 4 5 2031 All five moves 1 2 3 4 5 2031 All five moves GAME CHANGER 2 OF 5 W H Y I T M AT T E R S Higher freight, increased delivery time currently. OUTWARD FREIGHT PER MT From Rajasthan today ₹2,500 to 3,500 GAME CHANGER Multi-Location Multi-location ₹500 to 700 manufacturing strategy strategy
Slide 28: Foundries, worldwide 3X
1 2 3 4 5 2031 All five moves 1 2 3 4 5 2031 All five moves GAME CHANGER 3 OF 5 W H Y I T M AT T E R S Induction furnace steel is a developing-world market. Foundries THE FOUNDRY OPPORTUNITY are everywhere. GAME CHANGER 50,000+ Foundries, worldwide Foundries worldwide, against induction furnace stee
Slide 29: Tundish Mass for Electric Arc Furnace based Steel Plants
1 2 3 4 5 2031 All five moves 1 2 3 4 5 2031 All five moves GAME CHANGER 4 OF 5 W H Y I T M AT T E R S Same customers, a second refractory and a second furnace TUNDISH MASS type. Increasing TAM GAME CHANGER ~10x Tundish Mass for Electric Arc the life of the traditional Tundish Board it replaces Furn
Slide 30: Up the silica value chain
1 2 3 4 5 2031 All five moves 1 2 3 4 5 2031 All five moves GAME CHANGER 5 OF 5 W H Y I T M AT T E R S Silica has 38 applications. Realization rises 90x from ramming R E A L I Z AT I O N P E R TO N N E , N OT TO S C A L E mass to semiconductor grade quartz. Steel & Foundry ramming mass ₹7,000 - 25,0
Slide 31: Delivering what we set out to do. Now, RPEL 2.0
Delivering what we set out to do. Now, RPEL 2.0 RPEL 1.0 · FY16 TO FY26 RPEL 2.0 · THE NEXT DECADE We grew 12x in ten years by focusing on three decisions We aim to build on the journey with three new decisions VOLUME Tundish Ferroshield · new ramming mass products R&D and automation ➔ 29 KMT → 332
Slide 32: 2031: the compass
1 2 3 4 5 2031 All five moves 1 2 3 4 5 2031 All five moves WHERE IT ALL LEADS 2031: the compass Direction, not numbers ↑ Capacity and volume + Manufacturing locations ↑ Product Mix + Industries served Adjacencies in ↑ Realization ↑ Exports + silica and refractories ↑ Value Addition 0 Dilution for R
Slide 33: Safe harbour
Safe harbour This presentation has been prepared by Raghav Productivity Enhancers Limited (the “Company” or “RPEL”) The information contained in these materials has not been independently verified. None of the Company, its for general information purposes only, without regard to any specific objecti
Slide 34: Thank you.
Thank you. R A G H AV P R O D U C T I V I T Y E N H A N C E R S LT D. investor@rammingmass.com · www.rammingmass.com RAGHAV PRODUCTIVITY ENHANCERS LTD.
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