Ksh International Ltd. · NSE:KSHINTL
Ksh International — Q4 FY2026 Earnings Presentation
22 slides from Ksh International's earnings presentation, May 26, 2026
Slide 1: Stock exchange intimation letter
May 26, 2026 The Manager, The Manager, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 544664 NSE Symbol: KSHINTL Sub.: Investor presentation on the sta
Slide 2: Earnings Presentation Q4 FY2026
EARNINGS PRESENTATION Q4 FY2026
Slide 3: KSH in a Snapshot
KSH in a Snapshot Robust Demand Environment High Entry Barriers HVDC Advantage Transformer capacity in India to Ultra-precision technology Only Indian supplier approved for triple from ~110 GVA to ~300 GVA engineered products, stringent HVDC transformers. Recently by FY28E*. Key drivers include vend
Slide 4: Snapshot in Numbers
Snapshot in Numbers 45+ Year Track Record 4 Manufacturing Plants 43,445 MTPA Manufacturing Capacity* 24+ Export Countries 120+ Domestic and Global OEM Customers 97% Repeat Revenue* 19.9% ROE* 16.2% ROCE* 43.6% Revenue CAGR # 56.3% EBITDA CAGR# INR 67,625 * EBITDA per ton 60.6% PAT CAGR# *As of FY26
Slide 5: Key Differentiators with High Barriers to Entry
Key Differentiators with High Barriers to Entry High Value-Added Wire Embedded in Critical Recurring and Sustainable Diversified Yet Deep Player Infrastructure Ecosystem Business Model Customer Base • Leader in high-voltage power • Copper fully passed through • Top 10 contribution declining transfor
Slide 6: Why KSH?
Why KSH? Leading Manufacturer of Magnet Winding Wires in India Expertise in Ultra-Precision Manufacturing for Large & HVDC Transformers EV-Focused Specialized Rectangular Magnet Wires Long-Standing Relationships with Diversified Global Customers Certified and Approved Vendor to Leading Global OEMs S
Slide 7: Strategically Located Manufacturing Footprint with Scalable Capacities
Strategically Located Manufacturing Footprint with Scalable Capacities Strategically located Manufacturing Facility within close Proximity to the Port & Customers Unit 4: Supa Unit 1: Taloja Unit 2: Chakan Unit 3: Chakan (Phase-I 14,400 MT) ^ Sales Volume (MTPA) & Capacity Utilization Completed Phas
Slide 8: Diversified End-Market with Strong Global Customer Base
Diversified End-Market with Strong Global Customer Base Diversified End-Use Industry Power Renewables Industrials Railways Data Centers EV & ICE Home Appliances Refrigeration & AC Strong clientele base Investor Presentation | KSH International Limited 7
Slide 9: Comprehensive Suite of Magnet Winding Wires
Comprehensive Suite of Magnet Winding Wires Specialized Magnet Winding Wires (75.3% Revenue Share*) • Focused on high-specification conductors used in transformer and high-voltage applications Revenue (INR Mn) • 0.0 6 Characterized by technical complexity, stringent quality standards and long approv
Slide 10: Product Portfolio & Key Applications
Product Portfolio & Key Applications Specialised Magnet Winding Wires (75.3% Revenue Share1) Our Products End use Industry End use Application Continuously Transposed HVDC Transformers Traction Transformer 765 kV Transformers & Reactors Loco-Traction Transformer Conductors Rectangular Enamelled Copp
Slide 11: Raw Material Pass-Through Mechanism Supporting Stable Profitability
Raw Material Pass - Through Mechanism Supporting Stable Profitability Copper-Linked Revenue Model - Margin Mechanics An EXAMPLE: Impact of Changes in Price of Copper 100 Copper 100 Revenue = Copper Price (Pass-Through) + Value-Add 100 Pricing Structure • Copper component is fully linked to market pr
Slide 12: Financial Overview
Slide 13: Q4-FY26 Financial Highlights
Q4-FY26 Financial Highlights Revenue from Operations (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 0.0 6 10,183 0.0 5 8,178 563 478 0.0 4 5,078 0.0 3 352 345 233 0.0 2 185 0.0 1 0 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 EBITDA per ton* Specialized Sales and Volume Standard (M
Slide 14: FY26 Financial Highlights
FY26 Financial Highlights Revenue from Operations (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 0.0 6 31,070 0.0 5 1,921 1,101 0.0 4 19,283 1,225 680 13,828 0.0 3 0.0 2 715 374 0.0 1 0 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 EBITDA per ton Specialized Sales and Volume Standard (MT)Revenue 0.0 6 67,625
Slide 15: Management Commentary
Management Commentary “We enter FY2027 with good momentum on the back of strong execution across several key strategic and operational achievements in Q4 and FY26. These key strategic pillars include planned capacity expansion to address a robust demand environment, strengthening of our balance shee
Slide 16: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Income Statement (INR Mn) Q4 FY26 Q4 FY25 Y-o-Y Q3 FY26 Q-o-Q Revenue from Operations 10,183 5,078 100.5% 8,178 24.5% Cost of Goods Sold 9,214 4,523 7,348 Gross Profit 969 555 74.6% 830 16.7% Gross Profit Margin % 9.52% 10.93% 10.15% Employee benefits exp
Slide 17: Annual Consolidated Financial Performance
Annual Consolidated Financial Performance Income Statement (INR Mn) FY26 FY25 Y-o-Y Revenue from Operations 31,070 19,283 61.1% Cost of Goods Sold 27,865 17,144 Gross Profit 3,205 2,139 49.9% Gross Profit Margin % 10.32% 11.09% Employee benefits expenses 529 397 Other Expenses 755 517 EBITDA 1,921 1
Slide 18: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY23 FY24 FY25 FY26 Revenue from Operations 10,495 13,828 19,283 31,070 Cost of Goods Sold 9,370 12,318 17,144 27,864 Gross Profit 1,125 1,510 2,139 3,205 Gross Profit Margin % 10.72% 10.92% 11.09% 10.32% Employee benefits expenses 238 337 397 529 Oth
Slide 19: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY23 FY24 FY25 FY26 Particulars (INR Mn) FY23 FY24 FY25 FY26 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity (a) Equity Share Capital 57 57 284 339 Property, Plant & Equipment 984 1,327 1,269 3,075 (b) Other Equity 1,880 2,253 2,701 7,742 Capital
Slide 20: Historical Financial Highlights
Historical Financial Highlights Revenue from Operations (INR Mn) EBITDA (INR Mn) & Margin (%) PAT (INR Mn) & Margin (%) 0.0 6 31,070 1,921 0.0 5 1,101 0.0 4 19,283 1,225 13,828 0.0 3 680 10,495 715 0.0 2 499 374 266 0.0 1 3.53% 3.54% 5.17% 6.35% 6.18% 2.70% 4.75% 2.53% 0 FY23 FY24 FY25 FY26 FY23 FY2
Slide 21: Capital Market Information
Capital Market Information Stock Performance up to May 22, 2026 Top Shareholders as on March 31, 2026 Holding (%) 100% Kotak Mahindra Mutual Fund 5.34 80% MALABAR Fund/Investment 2.45 60% LIC Mutual Fund 2.81 40% 20% HDFC Mutual Fund 1.56 0% Bank Of India Mutual Fund 1.37 -20% HSBC 1.10 -40% ITI Mut
Slide 22: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d