Msafe Equipments Limited · BSE:MSAFE
Msafe Equipments — Q2 FY27 Earnings Presentation
29 slides from Msafe Equipments's earnings presentation, Nov 2, 2026
Slide 1: BSE intimation of investor presentation
Ref No: MSAFE/SE/2026-27/58 Date: 02.11.2026 To, Corporate Relationship Department BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001 BSE Scrip Code: 544695 Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Req
Slide 2: Q2 & H1FY27 Investor Presentation
Innovating Safety Building Recurring Growth Q2 & H1FY27 Investor www.msafegroup.com Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Msafe Equipments Ltd(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
Slide 4: Msafe Equipments – A Scaffolding & Access Solutions Provider
Msafe Equipments – A Scaffolding & Access Solutions Provider Msafe Equipments, a Delhi-based Safety Equipment company with manufacturing operations located in Greater Noida, Uttar Pradesh. 30-60% 38.65% Rental Yield Operating Margin Engaged in the manufacturing, sale, and rental of scaffolding Scaff
Slide 5: Integrated Manufacturing and Rental Business Model
Integrated Manufacturing and Rental Business Model Msafe designs, manufactures, sells, and rents access and height-safety equipment for industrial, construction, and infrastructure sectors, offering safe, reliable, and customizable solutions supported by robust design capabilities and timely deliver
Slide 6: Rental Business Model
Rental Business Model MS Scaffolding Aluminium Rental Yield Rental Yield Per Annum 32-38% 60-66% Per Annum Expanding rental business through ₹6 crore capex to build 748 tonnes of specialized rental equipment.
Slide 7: Product Portfolio
Product Portfolio /MSAFE A comprehensive range of high-quality, safe and reliable scaffolding & access solutions for diverse industry needs. Aluminium Scaffolding Lightweight, corrosion-r and easy to assembl: safe working at height. MS Scaffolding Strong, durable and versatile mild steel scaffolding
Slide 8: Experienced Leadership Team
Experienced Leadership Team Experienced leadership combining industry expertise, operational excellence, and strategic execution to drive sustainable growth.
Slide 9: Board of Directors
Board of Directors /MSAFE PRADEEP AJAY KUMAR RUSHIL AGGARWAL KANOI AGARWAL Whole Time ctor Over 32 years Over 36 years Over 5 years of diversified experience across business management and operations. of experience in sales and business development. of experience in production and operational contro
Slide 10: Led by Experienced Professional Management
Led by Experienced Professional Management A committed and experienced management team driving MSafe's growth through expertise, leadership, and operational excellence Chief Executive Officer
Slide 11: Led by Experienced Professional Management
Led by Experienced Professional Management A dedicated team of professionals bringing diverse expertise and leadership to drive MSafe's continued growth and operational excellence. Chief Operating Officer
Slide 12: Management Commentary
Management Commentry Timeline Multi-Model Strong Financial "We have delivered a strong Q2FY27, with revenue growing 53.59% year-on-year to ₹40.38 Cr and PAT growing 55.42% to ₹8.49 Cr, with an EBITDA margin of 38.65% and a PAT margin of 21.02%. Perfromance Business For the first half of FY27, revenu
Slide 13: Steel Scaffolding Projects
STEEL SCAFFOLDING PROJECTS MSAFE / \ iH! ; { SMCORE INDIA PRIVATE LIMITED TATA PROJECTS + Ky, Site - Reliance Greens, Jamnagar Dist. ' h Micron Site - Sanand, Gujarat ; > aN HINDALCO - - KEI WIRES & CABLES Mumbai Site me Sanand, Ahmedabad
Slide 14: Aluminium Scaffolding Projects
ALUMINIUM SCAFFOLDING PROJECTS 13
Slide 15: Diverse and Reputed Customer Base
Diverse and Reputed Customer Base The Company serves a diversified customer base across infrastructure, construction, industrial, HVAC, and interior fit-out segments. During FY26, over 2,500 customers were served through sales and rental channels, supporting stable, repeat business.
Slide 16: Q2 FY27 - Performance Snapshot
Q2 FY27 - Performance Snapshot
Slide 17: Revenue Mix by Product and Services
Revenue Mix by Product and Services ₹ 1,129.41 ₹ 836.35 ₹ 1,197.63 ₹ 968.36 ₹ 208.30 ₹ 300.29
Slide 18: Key Financial Highlights
Key Financial Highlights Revenue EBITDA PAT (in ₹ Lakhs) (in ₹ Lakhs) (in ₹ Lakhs) 10,349.96 4086.75 2242.02
Slide 19: Key Financial Highlights
Key Financial Highlights PAT Margin (in %) EBITDA Margin (in %) 21.66% ROE (in %) ROCE (in %)
Slide 20: Capacity Expansion to Support Multi-Year Growth
Capacity Expansion to Support Multi-Year Growth Growth Bridge Capacity Expansion: Integrated Mathura Facility MS scaffolding capacity has been expanded through temporary Overall manufacturing capacity to increase by ~Nearly 2× post Civil construction rented facilities to meet has risingcommenced on
Slide 21: Expansion into Aluminium Formwork Solutions
Expansion into Aluminium Formwork Solutions • Aluminium Formwork is a modern construction system used for monolithic casting of walls, slabs, columns, and beams. • Enables faster construction, superior quality, and high structural strength with minimal finishing. • Ideal for high-rise buildings, mas
Slide 22: Annexure: Profit & Loss Statement for Q2FY27
Annexure: Profit & Loss Statement for Q2FY27 Amt (INR Lakhs) Particulars Q2FY27 Q2FY26 (YOY CHANGE) Revenue From Operations 4,037.94 2,629.08 + 53.59% Other Income 4.35 2.96 Total Revenue 4,042.29 2,632.04 + 53.58% Cost of Material Consumed 1,206.93 981.61 Changes in Inventories (15.49) (351.68) Emp
Slide 23: Annexure: Profit & Loss Statement for H1FY27
Annexure: Profit & Loss Statement for H1FY27 Amt (INR Lakhs) Particulars (₹ Lakhs) H1 FY27 H1 FY26 (YOY CHANGE) Revenue From Operations 7,216.62 4,901.08 + 47.25% Other Income 70.47 6.2 Total Revenue 7,287.09 4,907.28 + 48.49% Cost of Material Consumed 2,134.12 1,661.86 Changes in Inventories (189.4
Slide 24: Annexure: Balance Sheet
Annexure: Balance Sheet Amt (INR Lakhs) 1. Equity and Liabilities 30-Sep-2026 31 Mar 2026 2. Assets 30-Sep-2026 31 Mar 2026 (1) Non-Current Assets (1) Shareholder’s Funds Share Capital 2,040.00 2,040.00 Property, Plant and Equipment 6,398.93 4,871.11 Reserves and Surplus 9,336.73 7,760.78 Intangible
Slide 25: Key Investment Rationale
Key Investment Ratioanle Timeline Multi-Model Shift to Strong Financial Demand Tailwinds Organised Sector Perfromance Business CapacityShift from bamboo to Organised, pan-India ROE 36.27% Revenue comes from two metal scaffolding, rising player in a highly ROCE 24.32 Expansion sources sales and renta
Slide 26: Way Forward Strategies
Way Forward Strategies Building a scalable rental-led platform across safety equipment and innovative building materials, particularly in categories with low organised penetration or where differentiated solutions remain underserved in India. Capacity Already Capacity Expansion Expansion into Streng
Slide 27: India Aluminium Scaffolding Market
INDIA ALUMINIUM SCAFFOLDING MARKET Rental-led growth with Aluminium scaffolding market expanding at ~10.25% CAGR through 2030 Overall ~10.25% CAGR (P) Sales 40.8% Sales 39.9% Sales Model Rental Rental Model Rental Sales Model 40.8% ~10.54% CAGR (P) 59.2% Model 39.9% Rental 59.2% 60.1% Rental Sale 60
Slide 28: India Steel Scaffolding Market
INDIA STEEL SCAFFOLDING MARKET Rental remains dominant as the Steel scaffolding market grows at ~10.19% CAGR through 2030 Overall ~10.19% CAGR (P) Sales Sales 40.8% 39.9% Sales Model Rental Sales Model 41.9% ~10.54% CAGR (P) Rental Model 40.78% Rental Model 58.1% 59.22% Rental 59.2% Rental Sale 60.1
Slide 29: Thank You
Address: A-57, 7th Floor, Sector-136, Noida, UP - 201301 E-mail: cs@msafegroup.com Website: www.msafegroup.com CIN: U29309DL2019PLC353936 Thank You Moonwalk Capital IR Team Phone: +917014618970 E-mail: investorrelations@moonwalkcapitaladvisors.com