Surya Roshni Limited · NSE:SURYAROSNI
Surya Roshni — Investor Presentation (May 2026)
56 slides from Surya Roshni's investor presentation, May 25, 2026
Slide 1: Surya Roshni Limited – Investor Presentation filing letter
An IS/ISO 9001, An IS/ISO 14001 SURYA ROSHNI LIMITED - & IS: 18001 Company CIN -L31501HR1973PLC007543 Padma Tower-I, Rajendra Place, New Delhi-110 008 Ph.: +91-11-47108000 E-mail: cs@surya.in Website : www.surya.co.in SRL/se/yks/26-2 7/04 May 25,2026 The Secretary The Manager (Listing Department) Th
Slide 2: Investor Presentation – May 2026
INVESTOR P R E S E N T A T I O N - M a y 2 0 2 6 Strength in Every Stride
Slide 3: Awards And Accolades
And Accolades S Padma Shri JAI PRAKASH AGARWAL Shri Jai Prakash Agarwal Chairman Surya Roshni Limited has been conferred with the prestigious Padma Shri Award by President Shri Ram Nath Kovind on 8th November 2021 at Rashtrapati Bhawan, Delhi.
Slide 4: Q4 & FY26 Results Highlights
Q4 & FY26 Results Highlights
Slide 5: Consolidated Financial Performance Highlights
Q4 & FY26 Results Highlights Consolidated Financial Performance Highlights Particulars (In ₹ crore) Q4FY26 Q4FY25 YoY Q3FY26 QoQ FY26 FY25 YoY Revenue 2,163 2,146 1% 1,927 12% 7,540 7,436 1% EBITDA 170 211 -19% 148 15% 541 609 -11% Profit Before Tax (PBT) 131 175 -25% 107 22% 384 465 -18% Profit aft
Slide 6: Lighting and Consumer Durables Segment Performance
Q4 & FY26 Results Highlights Lighting and Consumer Durables Segment Performance Particulars (In ₹ crore) Q4FY26 Q4FY25 YoY Q3FY26 QoQ FY26 FY25 YoY Revenue 501 458 9% 476 5% 1,809 1,690 7% EBITDA 44 47 -6% 42 5% 156 162 -4% EBITDA Margins 8.8% 10.3% -146 bps 8.8% -2 bps 8.6% 9.6% -98 bps PBT 33 37 -
Slide 7: Steel Pipe and Strips Segment Performance Highlights
Q4 & FY26 Results Highlights Steel Pipe and Strips Segment Performance Highlights Particulars (In ₹ crore) Q4FY26 Q4FY25 YoY Q3FY26 QoQ FY26 FY25 YoY Revenue 1,662 1,688 -2% 1,451 15% 5,731 5,749 0% EBITDA 126 164 -23% 106 19% 385 446 -14% EBITDA/MT (Rs.) 5,121 6,708 -24% 4,810 6% 4,553 5,392 -16% P
Slide 8: Company Overview
—— Company Overview
Slide 9: SURYA – At A Glance
SURYA – At A Glance • Established in 1973, ‘SURYA’ is one of the most respected and trusted brand in Steel Pipes, Lighting & Consumer Durables (FMEG) and PVC pipes in India and Globally • Leadership in Value-Added Products with a comprehensive product range • Deeply rooted distribution network up to
Slide 10: Making In India, Delivering Across the World
Making In India, Delivering Across the World 1984 | 46 acres 1973 | 53 acres 2012 2010 | 51 acres 1992 | 44 acres 2010 | 96 acres 2017 | 17 acres 9
Slide 11: Reinforcing Leadership In Core
Reinforcing Leadership In Core • Enhanced engagement • Brand building through • consistent Advertising Distribution Consistent policies, Brand Equity Network effective schemes • ATL & BTL Activities • Omni-channel presence • Strategic Investment • Built up strong product InTechnology upgradation Man
Slide 12: Strengthening Financials
Strengthening Financials ₹ in crore Revenue PAT 7,540 7,731 7,997 7,809 7,436 205 336 329 347 286 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Net Worth Debt 1,547 1,864 2,166 2,465 2,634 404 580 65 4 3 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26* *Investment in form of FDRs is ₹ 407 cror
Slide 13: Board Of Directors
Board Of Directors Shri J. P. Agarwal Executive Chairman Shri J. P. Agarwal is the driving force behind creating Surya Roshni as one of the most reputed, trusted and successful companies. He has been honoured with the highly prestigious Padma Shri Award by the Government of India Shri Raju Bista Man
Slide 14: Board Of Directors
Board Of Directors Shri Sunil Sikka Shri Tekan Ghanshyam Keswani Independent Director Independent Director A post graduate in Management (FMS Delhi) and Ex-President of A post graduate in Management (FMS Delhi) and a fellow Havells (India) Limited & ELCOMA. During his tenure, he led multiple member
Slide 15: Steel Pipe and Strips Segment
CR STRIPS BLACK PIPES HOLLOW SECTION PIPE GI PIPES COATED API & SPIRAL PIPES STEEL PIPE AND STRIPS SEGMENT
Slide 16: Steel Pipes & Strips – At a Glance
Steel Pipes & Strips – At a Glance 21,000+ 50 #1 Pan India Dealers/Retailers Years of Brand presence in India, under the ERW GI Pipe manufacturer in India brand ‘Prakash Surya’ 250+ Distributors 6 14.21 Lac Products Categories #1 MTPA Capacity 10.21 Lac ERW Pipes (with DFT) Pipes - Structural, Expor
Slide 17: Comprehensive Products Range
Comprehensive Products Range Volume Share # Market Position * Applications Agriculture Irrigation, Casing and tubing, Hot #1 GI Pipes 27% Water/ Plumbing, Water pipelines, Green Houses, High Growth in Exports Fire Fighting, etc. Leading API Pipe API/ 3LPE Coated Oil and Gas, Water Transportation 16%
Slide 18: Transition Towards Higher Margin
Transition Towards Higher Margin FY 21-22 FY 22-23 FY 23-24 FY 24-25 FY 25-26 Sr. Volume EBITDA/ Volume EBITDA/ Volume EBITDA/ Volume EBITDA/ Volume EBITDA/ Product Name No Share MT (₹) Share MT (₹) Share MT (₹) Share MT (₹) Share MT (₹) 1 GI Pipes 33% 5,456 26% 7,737 28% 6,474 26% 6,465 27% 6,133 A
Slide 19: API Pipes & 3LPE Coated Pipes
API Pipes & 3LPE Coated Pipes Building Strong Presence • Gained Market Share to ~10% of Oil & Gas Transmission Pipes o Cross Country Land Pipes o City Gas Distribution (CGD) • Water Transmission provides higher growth opportunities • The world-class 3LPE Coating plant machinery has been procured fro
Slide 20: Commissioned New Spiral Project at Malanpur, M.P.
Commissioned New Spiral Project at Malanpur, M.P. • Project to manufacture spiral pipe • Expansion project outlay of ₹ 50 crore • Purpose: Manufacture spiral pipes for water projects with a capacity of about 24,000 tons per annum to cater markets in Rajasthan, M.P. and U.P. 19
Slide 21: Leadership in Exports of ERW Pipes
Leadership in Exports of ERW Pipes Dubai Vision 2030 Abu Dhabi Airport Key Highlights • Largest exporter of ERW Pipes (GI and Black Pipes) • Exporting to 50+ countries across the globe including USA, Australia, Canada, Mexico, Middle East, Europe and Africa Qatar FIFA Dubai Frame Strategy • Commissi
Slide 22: Leveraging Brand and Distribution Network
Leveraging Brand and Distribution Network The International Tube and Pipe TV Advertisements for Prakash Advertisements in Print Media Trade Fair, Germany Surya Steel Pipes • Present since 1973, ‘Prakash Surya’ has a strong leadership position with a major B2C contribution to the top-line • Advertise
Slide 23: Brand Ambassador
Brand Ambassador Surya Roshni Ltd., a leading name in the Indian steel tubes & pipes industry, proudly announces the onboarding of cricketer Suryakumar Yadav as the brand ambassador for its Steel Tubes & Pipes business.
Slide 24: Driving Strategic Manufacturing Benefits
Driving Strategic Manufacturing Benefits Bahadurgarh (Haryana) Anjar (Gujarat) Gwalior (Madhya Pradesh) Hindupur (Andhra Pradesh) 23
Slide 25: Building Financial Strength
Building Financial Strength ₹ in crore Revenue EBITDA 6,402 6,452 6,242 5,731 5,749 342 497 436 446 385 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Net Worth 1,802 Debt 1,190 1,398 1,622 1,907 471 404 52 3 4 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26* *Investment in form of FDRs is ₹ 37
Slide 26: Driving Value Creation
Driving Value Creation Technology Upgradation Increasing share of Value-added Diversify Mix Products • Strategic Investments in High growth in API pipes and Diversify Customer Mix technology upgradation Exports of Value-Added and Product Mix helps in • 3LPE coating plant from Products to improve mar
Slide 27: Robust Demand Drivers
Robust Demand Drivers Infrastructure • Major Public and Private capex outlay in infrastructure, especially for Airport, metros, Export Market Urbanization, Jal Jeevan Mission, • High Demand for Steel River Inter-Linking Projects, etc. Pipes in various sectors Oil and Gas Sector, • Gulf region/Europe
Slide 28: Lighting and Consumer Durables Segment
CONSUMER LIGHTING PROFESSIONAL LIGHTING FANS APPLIANCES PVC PIPES LIGHTING AND CONSUMER DURABLES SEGMENT Emerging FMEG
Slide 29: SURYA – Emerging FMEG
SURYA – Emerging FMEG ‘SURYA’ Established Lighting in 1984, Brand Equity through consistent has emerging as a leading FMEG #2 Consumer Lighting Brand in India advertisements, ATL and BTL activities Player India’s most deep rooted distribution Successfully penetrating in FMEG network, major Revenue c
Slide 30: Nurturing Distribution Network
Nurturing Distribution Network Strong Rural based distribution network, one of the largest in the industry Over 3,00,000 Retail Outlets Strong dealer relations and focus on secondary demand generation Distribution Transparent and attractive policies, schemes & incentives Network Secondary Network of
Slide 31: High - Impact Brand Campaigns
High - Impact Brand Campaigns 30
Slide 32: Residential Wires Launch Campaign
Residential Wires Launch Campaign Campaign routes: ₋ “Ab Roshni ke Sath Suraksha Bhi” ₋ “Lighting Your World, Wiring Your Safety” 31
Slide 33: Winning in B2B - Façade Lighting
Winning in B2B - Façade Lighting • Strong Professional Lighting team in place Expanding Capabilities • Developed complete ecosystem with vendors Developing Products & Solutions • Customized products • Integrated Solution based Smart Lighting • Direct B2B projects Strengthening Customer Relationships
Slide 34: Winning in B2B - Façade Lighting
Winning in B2B - Façade Lighting Adivasi Godavari Bridge, Nagpur Tawi Bridges Jammu Bullet Train Station, Ahemdabad Bharat Darshan Park Bharat Darshan Park Indore Airport 33
Slide 35: Winning in B2B - Façade Lighting
Winning in B2B - Façade Lighting Sodala Bridge, Jaipur Shri Kedarnath Temple Leh Palace Municipal Corporation, Chandigarh Om Statue, Shri Kedarnath Temple Shri Sanwariya Seth Temple 34
Slide 36: Successfully Penetrating in FMEG
Successfully Penetrating in FMEG Fans - Home Appliances - • Leveraging strong brand and distribution network • Leveraging strong brand and distribution network • Pan India presence for fans • Wide variety of product range such as Water Heater, Room Heaters, Coolers, Dry Irons, Steam Irons, Juicer- •
Slide 37: Consumer Durable – New Product Launch
Consumer Durable – New Product Launch Infrared-Plus Chill 150 Ltr Chill 100 Ltr Indicook- Pri-X 36
Slide 38: Consumer Lighting – New Product Launch
Consumer Lighting – New Product Launch LED Downlighter LED Downlighter LED Downlighter LED Downlighter 36W Backlit Panel (2x2) 24W 1X1 Backlit Pannel 24W 1X1 Backlit Pannel Meta Slim Round & Square Plastic Frame Square Surface Square Recess LED Batten HID Lamps 29MM Slim LED Batten SLE BTN T8 40W 37
Slide 39: Wires and Cables – New Product Launch – FY26
Wires and Cables – New Product Launch – FY26 Turbo Flex & Turbo Flex Green Turbo Flex Green Turbo Flex We have launched in August 2025 38
Slide 40: New Product Launch – FY26
New Product Launch – FY26 Digital Water Heater Water Tank 39
Slide 41: Integrated Manufacturing Units and R&D
Integrated Manufacturing Units and R&D Kashipur (Uttarakhand) Gwalior (Madhya Pradesh) R&D Centre (Delhi – NCR) 40
Slide 42: Certifications
Certifications The award was presented by Ms. Jaya Kashipur Plant Achieves Milestone as Recognised as the Top 500 Value Recognized by M1xchange for achieving Prada, celebrating Surya Roshni's Uttarakhand's First Non-Governmental Creators 2025 Another achievement that ₹2,00,000 Cr Throughput commitme
Slide 43: PLI strengthening Backward Integration
PLI strengthening Backward Integration Objectives Commencement of manufacturing facility for LED To boost manufacturing of ‘Components of LED components under PLI scheme for ‘Large Investment’ Lightings’ of India, to reduce dependency on imports category of components Benefits to Surya Target Segmen
Slide 44: PVC Pipes –Sizeable Business Opportunities
PVC Pipes –Sizeable Business Opportunities Demand outlook for 02 Government non-agricultural pipes The sector is initiatives such as appears to be good as expected to see an Growth Housing for All, ‘Nal the major urban real average Annual Drivers se Jal’, Project 01 estate markets show growth of 10%
Slide 45: Transition towards LED Lighting and FMEG
Transition towards LED Lighting and FMEG FY 21-22 FY22-23 FY23-24 FY24-25 FY25-26 Sr. Product Name Sales EBITDA Sales EBITDA Sales EBITDA Sales EBITDA Sales EBITDA No 1 LED- Lighting 59% 11% 64% 11% 62% 12% 63% 12% 65% 10% 2 Conventional 19% 1% 16% - 16% 5% 14% 5% 12% 7% 3 Consumer Durables 22% 6% 2
Slide 46: Building Financial Strength
Building Financial Strength ₹ in crore Revenue EBITDA 1,809 1,333 1,545 1,572 1,690 106 122 150 162 156 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Net Worth Debt 109 357 466 544 663 727 12 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26* *Investment in form of FDRs is ₹ 32 crore as of 31/03
Slide 47: Driving Value Creation
Driving Value Creation Product Development Re-energizing the Surya Brand Alignment with fast Aligning with new age changing consumer consumers, and growing preference, at high Manufacturing Capabilities LED Lighting and Distribution network speed and premium Consumer Durables quality Automation, Spe
Slide 48: Robust Demand Drivers
Robust Demand Drivers Young Demographics • Improving lifestyles, investment in home improvement • Emerging Lifestyles Consumer Lighting • Faster adoption by consumers across India, including Rural LED Professional Lighting • Smart Integrated LED Lighting • Presence in sunrise areas like Housing for
Slide 49: Financial Results Highlights
Financial Results Highlights
Slide 50: Income Statement – Q4 & FY26
Income Statement – Q4 & FY26 Particulars (₹ Crores) Q4 FY26 Q4 FY25 FY26 FY25 Total Revenue from Operations 2,163 2,146 7,540 7,436 Cost of Material Consumed 1,530 1,438 5,373 5,036 Purchase of Stock InTrade 129 127 477 501 Changes in Inventories (24) 20 (47) 98 Total Raw Material 1,635 1,585 5,803
Slide 51: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY AND LIABILITIES (₹ Crores) Mar-26 Mar-25 ASSETS (₹ Crores) Mar-26 Mar-25 (I)EQUITY (I) NON-CURRENT ASSETS (a) Equity Share capital 109 109 (a) Property, plant & equipment 869 826 (b) Other equity 2,525 2,356 (b) Capitalwork-in-progress 29 57 Sub Total (I) 2,634 2,46
Slide 52: Cashflow Statement
Cashflow Statement Full Year ended Full Year ended Particulars (₹ Crores – Consol.) 31-Mar-26 31-Mar-25 Profit before tax 384 465 Depreciation, Interest and Others 118 124 Operating Profit Before Working CapitalChanges 502 589 Change in Working Capital 18 (63) Cash generated fromoperations 520 526 I
Slide 53: Key Takeaways
Key Takeaways • Strong market position in Steel Pipes & Strips, and Lighting & Consumer Durables • Investment in brand building and improving distribution • Successfully gaining momentum in New Value-Added products in both the businesses • Rigorous financial control across the company • Improving pr
Slide 54: CSR Activities
CSR Activities Camp Health Camp Poshan Vatika Seva Pakhwada Blood Donation Camp Ecobrik Plantation Eye Checkup Camp Gramin Personality Development Camp Self Help Stall Training Teacher Personality Development Camp 53
Slide 55: CSR Activities
CSR Activities Yoga Day Sports Tournament Swachchhata Abhiyan Multilayer Farming Our dedicated CSR arm Surya Foundation, discharges responsibilities in the fields of health, skill development and education. 54
Slide 56: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Surya Roshni Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie