Isgec Heavy Engineering Ltd. · NSE:ISGEC
Isgec Heavy Engineering — Q2 & H1 FY26 Earnings Presentation
35 slides from Isgec Heavy Engineering's earnings presentation, Nov 14, 2025
Slide 1: Intimation to stock exchanges: Investor Presentation
~ IS GE C ________I s_ G_E_c_ H_ E_A_v_v_ E_ N _G_1_N_E_E_ R_ 1N_ G_ L_T_o_ . ~ A-4. Sector-24. Noida - 201 301 (U.PJ India (GST No.: 09AAACT5540K2Z4) Tel.. +91-120-4085000 I 01 I 02 Fax: +91-120-2412250 E-ma/1.· corpcomm@isgec.com www. isgec.com November 14, 2025 To, To, BSE Limited National Stock
Slide 2: Isgec Heavy Engineering Ltd. Investor Presentation Q2 & H1 FY26
www.reallygreatsite.com Isgec Heavy Engineering Ltd. Investor Presentation Q2 & H1 FY26
Slide 3: Safe Harbour
Safe Harbour 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
Slide 4: Table of Contents
Table of Contents Company Overview Q2 & H1 FY26 Performance Highlights Annual Performance Highlights Order Book Annexures
Slide 5: Company Overview
ISGEG Company Overview
Slide 6: Isgec at a Glance
Isgec at a Glance Diversified Company Distinguished Board and (Manufacturing of Machinery & Management Team Equipment, Industrial Projects and Technology Partnerships with Sugar & Ethanol) Leading Global Companies Serving Marquee Clients Robust Order Book & Strong Global Reach with Credit Profile eq
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 Saraswati Capacity in Ethanol Plant at Saraswati Sugar Sugar S
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 Industrial Manufacturing Projects 36% Power Plants 51% Revenue* Presses & Press Brakes Bulk Material handling Revenue* 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 Manufacturing Facilities Offices Yamunanagar, Pressure Vessels & Heat Haryana Exchangers, Presses, Boilers, Noida, Containers, Iron Castings, Sugar & Uttar Pradesh Other Industrial Ma
Slide 12: Revenue Diversification across Geographies
Revenue Diversification across Geographies Consolidated Revenue (in Rs. Mn) Equipments supplied in 93 countries across 6 continents 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% 50% 49,725 90% 54,083 87% 55,391 40% 53,278 83% 86% 30% 20% 10% 0% FY22 FY23 F
Slide 13: Strategic Technology Partnerships
Strategic Technology Partnerships NEM Energy B.V., CB&I Technology Inc., Babcock Power Thermal Engineering Fuel Tech Inc., Netherlands USA Environmental Inc., International (TEi), USA USA USA Amec Foster Wheeler, AP&T, Sumitomo SHI FW BHI FW Corporation, Envirotherm Gmbh, (now with Wood Group, UK) S
Slide 14: Distinguished Board of Directors
Distinguished Board of Directors Mr. Ranjit Puri Mr. Aditya Puri Chairman Managing Director Education: Education: B.Sc. Industrial Management from MIT, USA. B.A. (Hons.) from St. Stephen’s College, India, and M.A. Economics from Cambridge University, U.K. Experience: Over 60 years of rich and versat
Slide 15: Distinguished Board of Directors
Distinguished Board of Directors Mr. Arvind Sagar Mrs. Rashi Sikka Independent Director Independent Director Education: Education: B.Tech. in Mechanical Engineering from IIT (Banaras Hindu PGD in Management (Finance) from IIM, Kolkata, and B.Com (Hons.) University), Varanasi, and PGDBM in Operations
Slide 16: Performance Highlights Q2 & H1 FY26
Performance Highlights Q2 & H1 FY26
Slide 17: Q2FY26 Snapshot - Standalone
Q2FY26 Snapshot - Standalone 3.0% 1.2% Total Income Growth YoY PAT Growth YoY 10.4% (2.8)% EBITDA^ Growth YoY Key Financials Segmental Industrial Projects Revenue Growth YoY 7.0% Manufacturing of Machinery & Equipment Revenue Growth YoY ^ EBITDA includes Other Income 16
Slide 18: Q2FY26 Snapshot - Consolidated
Q2FY26 Snapshot - Consolidated 3.5% 15.2% Total Income from Continuing Operations PAT from Continuing Operations Growth YoY Growth YoY 20.8% (2.9)% EBITDA^ from Continuing Operations Key Financials Segmental Industrial Projects Growth YoY Revenue Growth YoY (0.2)% 42.9% Manufacturing of Sugar & Etha
Slide 19: H1FY26 Snapshot - Standalone
H1FY26 Snapshot - Standalone (6.4)% (0.6)% Total Income Growth YoY PAT Growth YoY 7.6% (10.5)% EBITDA^ Growth YoY Key Financials Segmental Industrial Projects Revenue Growth YoY (7.2)% Manufacturing of Machinery & Equipment Revenue Growth YoY ^ EBITDA includes Other Income 18
Slide 20: H1FY26 Snapshot - Consolidated
H1FY26 Snapshot - Consolidated (4.1)% (10.2)% Total Income from Continuing Operations PAT from Continuing Operations Growth YoY Growth YoY 3.4% (10.6)% EBITDA^ from Continuing Operations Key Financials Segmental Industrial Projects Growth YoY Revenue Growth YoY (5.6)% 17.9% Manufacturing of Sugar &
Slide 21: Key Financial Highlights of Continuing Operations – Q2 & H1 FY26
Key Financial Highlights of Continuing Operations – Q2 & H1 FY26 (in Rs. Mn) Consolidated Financials Total Income 3000 EBITDA^ & EBITDA Margin (%) PAT & PAT Margin (%) 2500 9.0% 10.2% 10.5% 5.1% 4.7% 5.7% 2000 2000 1800 1600 1500 1400 1200 16,674 17,255 1000 1000 13,588 1,818 800 1,505 1,380 600 500
Slide 22: Segmental Highlights – Q2 & H1 FY26
Segmental Highlights – Q2 & H1 FY26 (in Rs. Mn) Revenue & EBIT Margin (%) Consolidated Financials 18000 Manufacturing of Machinery & Equipment Industrial Projects Sugar & Ethanol (Excludes Ethanol Plant 8000 16000 at Philippines) 7000 14000 6000 10.9% 13.7% 14.8% 12000 4.8% 4.8% 4.4% 5.6% 7.5% (2.3)
Slide 23: Annual Performance Highlights
Annual Performance Highlights
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 55,126 6,187 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 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 0.14 3700
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
Slide 28: Robust Order Book (Consolidated)
Robust Order Book (Consolidated) Orders Booked during the Quarter (in Rs. Mn) Order Book as at end of Quarter/Financial Year (in Rs. Mn) 87,890 83,210 79,050 80,770 73,220 22,370 20,740 15,260 14,610 8,890 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 FY22 FY23 FY24 FY25 H1FY26 27
Slide 29: Order Book Composition (Consolidated)
Order Book Composition (Consolidated) Sector wise Geography wise Segment wise 16% 26% 32% 74% 84% 68% PSU & Government Private International Domestic Industrial Projects Manufacturing of Machinery & Equipment Order Book Rs. 87,890 Mn (as on 30th September 2025) 28
Slide 30: Diversified across Sectors
Diversified across Sectors Consolidated Order Book Rs. 87,890 Mn * Railways Power Fertilizer Cement Mines Ports Oil & Gas Steel Chemical Space Automobile Defence Sugar Distillery Paper Water Treatment Composition by Industry 21% 8% 20% 15% 9% 8% 19% Refineries Power Steel, Sugar Chemicals Automobile
Slide 31: Annexures
Annexures
Slide 32: Corporate Structure (Subsidiaries & Joint Ventures)
Corporate Structure (Subsidiaries & Joint Ventures) JV with Titan Metal Isgec Titan Fabricators USA, based in Metal Yamunanagar, India, for Fabricators manufacturing corrosion- Step-down subsidiary in Cavite Biofuel Pvt. Ltd., India resistant process plant Cavite Philippines, Producers Inc., - 2015
Slide 33: Shareholders Information
Shareholders Information Shareholding structure – 30th September 2025 Shareholder Information as on 30th September 2025 BSE Ticker 533033 23.70% NSE Symbol ISGEC Market Cap (in Rs. Mn) 64,558.9 % Free- float 37.57% 1.58% 62.43% Free Float Market Cap (in Rs. Mn) 24,254.8 3.48% Shares Outstanding (Mn)
Slide 34: Isgec as a good Corporate Citizen is working to address ESG topics
Isgec as a good Corporate Citizen is persistently working to address ESG topics Transitioning to a comparatively clean fuel Utmost importance to the health and safety for (shift from Diesel to RLNG) in our factories everyone working at the site or factory Over the years, increased the mix of Ensurin
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@
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