Slide 1: Exchange Filing Cover Letter
10th October, 2025 To, The Manager (Listing), The Manager (Listing), The BSE Ltd. National Stock Exchange of India Ltd. Mumbai Mumbai • Company’s Scrip Code: 505700 Company’s Scrip Code: ELECON Sub. : Investor Presentation of the Earnings Conference Call to be held on 13th October, 2025 Ref. : Regul
Slide 2: Elecon Engineering Investor Presentation – Q2 & H1FY26
ONE OF ASIA’S LARGEST INDUSTRIAL GEAR SOLUTION COMPANY Unifying vision Global impact Elecon Engineering Company Limited Investor Presentation – Q2 & H1FY26
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Elecon Engineering Company Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Values at Elecon
Values at Elecon Our Values are our Bedrock! Delightful Customer Resolute Trust Ingenious Value Creation Ethics at Experience Entrepreneurship the Core Ensure unparalleled positive Foster unwavering trust through Demonstrate accountability for Create value and enable growth Uphold the highest standa
Slide 5: Cultural Beliefs at Elecon
Cultural Beliefs at Elecon Our Cultural Beliefs! Own It Customer F1rst I am accountable to achieve I ensure my actions lead to key results. customer delight. Let’s Innovate! Go Global I create timely and competitive I think and act towards becoming a products and solutions. leading global player. Le
Slide 6: Safety and Wellness
Safety and Wellness 2020-21 2022-23 2024-25 To prevent incidents and prioritize Zero Zero One well-being, we implement: accidents accidents minor accident ❖ Safety Audits ❖ Mock Drills ❖ Emergency Preparedness Plans ❖ Fire Safety Protocols 0 0 1 ❖ Comprehensive Training 1 1 0 ❖ Other targeted initia
Slide 7: Q2 & H1FY26 Performance Highlights
Q2 & H1FY26 Performance Highlights
Slide 8: Consolidated Q2 & H1 FY26 Financial Highlights
Consolidated Q2 & H1 FY26 Financial Highlights Strong Revenue EBITDA Order Intake Q2FY26 Rs. 578 crores Rs. 126 crores Rs. 688 crores +14% YoY +12% YoY +28% YoY H1FY26 Rs. 1,069* crores Rs. 256* crores Rs. 1,302 crores +19% YoY +25% YoY +20% YoY * Consolidated Revenue and EBITDA for H1FY26 include R
Slide 9: From the desk of CMD
From the desk of CMD Commenting on the results, Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. Said, “For Q2FY26, Elecon reported Consolidated Revenue of ₹ 578 crores, reflecting a growth of 13.8% on a Y-o-Y basis. EBITDA for the quarter stood at ₹ 126 crore
Slide 10: Consolidated Segment-wise Performance – Gears
Consolidated Segment-wise Performance – Gears Revenue (Rs Crs.) EBIT (Rs Crs.) Margin 21.5 19.2 21.5 18.8 (%) +7.6% -6.2% • Revenue from Gear Division +8.9% 742 798 delivered a steady performance -2.4% 160 in Q2FY26. 150 405 441 87 85 • EBIT Margin was impacted by increased employee cost and change
Slide 11: Consolidated Segment-wise Performance – MHE
Consolidated Segment-wise Performance – MHE Revenue (Rs Crs.) EBIT (Rs Crs.) • MHE division continued to see Margin (%) 25.4 25.7 25.7 29.1 35.7 growth momentum in Q2FY26. +70.2% Revenue in MHE division grew +54.3% +136.6% by 54.3% in H1FY26 after +33.0% 245 270 +74.7% excluding arbitration income o
Slide 12: Consolidated Revenue Split
Consolidated Revenue Split Geography Wise Segment Wise (Rs Crs., %) (Rs Crs., %) +18.7% +18.7% 1,069 1,069 +13.8% 901 +13.8% 901 +27.6% +7.6% 578 578 824 799 508 508 646 (77%) (75%) +18.3% +8.9% 742 (72%) (82%) 457 441 386 (79%) 405 (76%) (76%) (80%) 255 -3.9% 270 245 +70.2% 122 -0.4% 121 (28%) (23%
Slide 13: Consolidated Order Book
Consolidated Order Book Order Intake (Rs Crs.) Open Order as at 30th Sept 2025 (Rs Crs.) +20.4% +26.9% 1,302 1,226 1,081 966 +28.3% 977 771 688 828 627 536 497 432 455 253 325 339 104 191 Q2FY25 Q2FY26 H1FY25 H1FY26 Sep-24 Sep-25 Gear MHE ❖ Gear Division: The Order Intake for Q2FY26 stood at Rs. 497
Slide 14: Consolidated Performance
Consolidated Performance Total Revenue * Revenue (Gear) Revenue (MHE) * (Rs Crs.) (Rs Crs.) (Rs Crs.) +18.7% +7.6% +70.2% +15.9% +54.3% +8.9% 742 798 270 +33.0% 245 +13.8% 1,043 1,069 901 405 441 159 578 137 508 103 Q2FY25 Q2FY26 H1FY25 H1FY26* H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25
Slide 15: Consolidated Key Ratios
Consolidated Key Ratios Return on Networth (%)1,6 RoCE (%)2,6 Total Asset Turnover (x)6 Net Fixed Asset Turnover (x)5,6 0.9 3.6 26.8% 0.8 3.3 23.6% 21.0% 18.5% FY25 H1FY26 FY25 H1FY26 FY25 H1FY26 FY25 H1FY26 Debt to Equity (x)3 Working Capital Cycle (Days) Current Ratio (x) Quick Ratio (x)4 0.11 3.6
Slide 16: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (Rs. Crs.) Q2FY26 Q2FY25 Y-o-Y Q1FY26 Q-o-Q H1FY26 H1FY25 Y-o-Y Revenue from Operations* 578 508 13.8% 491 17.8% 1069 901 18.7% Raw Material Cost 329 279 233 562 475 Gross Profit 249 230 8.6% 258 -3.2% 507 425 Gross Margin (%) 43.1% 45.2% -200 bps
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs.) Sep-25 Mar-25 Equity and Liabilities (Rs. Crs.) Sep-25 Mar-25 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY Property, Plant and Equipment 565 555 Capital work-in-progress 26 7 Equity Share Capital 22 22 Right to use of Assets 283 209 Other Equit
Slide 18: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs Crs.) H1FY26 FY25 Profit before Tax 320 537 Adjustment for Non-Operating Items (43) 44 Operating Profit before Working Capital Changes 278 581 Changes in Working Capital (58) (22) Cash Generated from Operations 219 559 Less: Direct Taxes paid (Net of R
Slide 19: Company Overview
Company Overview
Slide 20: Engineering Company providing Innovation led Technology Solutions
Engineering Company providing Innovation led Technology Solutions State of art manufacturing facilities with DSIR One of the largest manufacturer of Gear Solution providers in Asia & Material Handling Equipment approved In-House R&D facility for new product development and separate Engineering facil
Slide 21: Started in 1951 and evolved as one of Asia's Largest Gear Solutions Company
Started in 1951 and evolved as one of Asia’s Largest Gear Solutions Company Established in Mumbai by Late Shri Ishwarbhai Patel Acquisition debt repaid Forayed into manufacturing conveying Listed on Bombay Established Successful execution of defence equipment Stock Exchange Gear division (Indian Nav
Slide 22: Global Presence with Strong Distribution Network
Global Presence with Strong Distribution Network 3 Brands serving across the globe Domestic Market – Serving across India 1 13 Manufacturing Facility Sales Offices 65+ 60+ Distributors & Dealers Customer Representatives Overseas Market – Serving 95+ Countries 4 10 Manufacturing / Assembly Sales Offi
Slide 23: Two locations with integrated R&D Centres in India
Two locations with integrated R&D Centres in India to strengthen our leadership position Pre- DSIR approved In- Engineering 100+ Engineers Design House R&D facility Stage team dedicated for Stage R&D 3-D Design Model & Analysis & 20+ Software for Drawings Value 2 Patents granted & designing, analysi
Slide 24: State of the Art Manufacturing Facility
State of the Art Manufacturing Facility State of the art facility located at Vallabh Vidyanagar, Gujarat The facility is spread over approximately 335,000 Square Meters Bird’s eye view of the Facility 23
Slide 25: Gear Division – Providing a wide variety of solutions
Gear Division – Providing a wide variety of solutions Diversified across Market leaders in the Best in class Gear Widest range of World Class industries such as domestic market and operations with low strategically expanding Solutions Industrial Gears Power, Cement, lead time Sugar, Steel etc. overs
Slide 26: Supplying to multiple industries thus diversifying risk
Supplying to multiple industries thus diversifying risk Steel Cement Sugar Plastic Industry Agnostic Gear Access to new market Resilience to Business Sustainable Performance Solutions opportunities Cycles Defence Rubber Mining Power …and many more 25
Slide 27: MHE Division: A proxy to Capex Creation
MHE Division: A proxy to Capex Creation Largest supplier of Pioneers in Stockyard Machines Enhanced manufacturing Bulk & Wagon tipplers in diversification Widest range of End User Industry MHE India across industries products Consistent delivery Robust In-House Discontinued EPC Maintaining of high-q
Slide 28: Board of Directors
Board of Directors Shri Prayasvin B. Patel Shri Pranav C. Amin Chairman & Managing Director Independent Director With over 5 decades of experience, Mr. Prayasvin B. Patel brings strong technical and He is a graduate in Economics/Industrial Management and MBA in International commercial expertise. He
Slide 29: Strong Management Team
Strong Management Team Mr. Deepak Dalwadi Mr. Kaushik Patel Mr. Narasimhan Raghunathan Head of Gear Division Head of MHE Division Chief Financial Officer › Joined Gear division as › Joined the Company as an › Over two decades of General Manager- Supply Engineer in Project experience in Accounts, Cha
Slide 30: Strong Relationship with Marquee Clients
Strong Relationship with Marquee Clients Gear MHE …and many more The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only 29
Slide 31: Awards and Recognition
Awards and Recognition “Best Employee Engagement Strategy” Award by Indian Red Cross Society felicitated for contribution Synnex at India HR Summit Awards 2025, New Delhi through Voluntary Blood Donation drives 3rd Consecutive Year in a row 30
Slide 32: ESG Vision
ESG Vision
Slide 33: Sustainable towards Environment 1/2
Sustainable towards Environment 1/2 Eco friendly and Green Campus Rainwater Harvesting to conserve rainwater ~95% Lighting converted into LED 40% reduction in using wood by replacing to Nail-less Packaging STP to reuse sewage water ~60% Energy from Renewal Sources Wind Power – 13.2 MW & Solar Power
Slide 34: Sustainable towards Environment 2/2
Sustainable towards Environment 2/2 Elecon’s commitment to 3 United Nations Sustainable Development Goals (UN SDGs) for pledge towards sustainable environment Elecon received approval for NEAR-TERM SCIENCE-BASED TARGETS from SBTi on 6th January 2025 Commitment to reduce absolute scope 1 and 2 GHG em
Slide 35: Elecon Engineering – A responsible corporate
Elecon Engineering – A responsible corporate Health & Medical Promoting Sports Caring for Society ❖ Blood Donation Camp ❖ Elecon Cricket Academy ❖ Food Distribution for needy ❖ Charity to NGOs for health care ❖ Support to Weaker Section of ❖ Elecon Tennis Academy and financial support to people Soci
Slide 36: Vision for Inclusiveness
Vision for Inclusiveness Promoting procurements from MSME Sustainable Supply Chains Dealer and Channel Conducting Training Business Partner Meet Partner Meet Program for the customers Web Supplier Portal for sustainable supply chain Business Partner Meet Dealer and Channel Partner Meet 35
Slide 37: Building Strong Workforce with Care
Building Strong Workforce with Care Sustained Workforce Leadership Program Care & Safety Culture Encouragement ❖ 10+ Years average service ❖ “Gurupath”– A succession ❖ Zero Fatality ❖ 133+ Learning and ❖ Celebrate events for period of an employee development programme Development Programs ❖ Health &
Slide 38: Historical Performance
Historical Performance
Slide 39: Historical Consolidated Financial Performance and Guidance for FY26
Historical Consolidated Financial Performance and Guidance for FY26 Total Revenue EBITDA EBITDA Margin (Rs Crs.) (Rs Crs.) (%) +410 bps +22.5% 2,650 +30.1% 636 24.5% 24.4% 24.0% 543 22.2% 2,227 20.3% 1,937 474 1,530 339 1,212 246 FY22 FY23 FY24 FY25 FY26E FY22 FY23 FY24 FY25 FY26E FY22 FY23 FY24 FY2
Slide 40: Historical Consolidated Ratios
Historical Consolidated Ratios Return on Networth (%)1 ROCE (%)2 Total Asset Turnover (x) Net Fixed Asset Turnover (x)5 22.4% 29.1% 1.0 3.7 3.6 21.0% 26.8% 0.9 18.8% 0.9 24.0% 2.9 13.6% 17.6% 0.7 2.3 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Debt to Equity (x)3
Slide 41: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Profit and Loss (Rs. Crs.) FY25 FY24 FY23 FY22 CAGR Revenue from Operations 2,227 1,937 1,530 1,212 22.5% Operating Expenses 1,187 1,018 836 661 Gross Profit 1040 919 694 551 23.6% Gross Margin (%) 46.7% 47.4% 45.4% 45.4% Employee Cost 209 188 150 128
Slide 42: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Assets (Rs Crs.) Mar-25 Mar-24 Mar-23 Mar-22 Equity and Liabilities (Rs Crs.) Mar-25 Mar-24 Mar-23 Mar-22 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY Property, Plant and Equipment 555 516 527 523 Equity Share Capital 22 22 22 22 Capital work-in-progr
Slide 43: Historical Consolidated Cashflow Statement
Historical Consolidated Cashflow Statement Particulars (Rs Crs.) FY25 FY24 FY23 FY22 Profit before Tax 537 465 300 171 Adjustment for Non-Operating Items 44 50 39 106 Operating Profit before Working Capital Changes 581 516 338 277 Changes in Working Capital (22) (43) 37 (22) Cash Generated from Oper
Slide 44: Thank You
Thank You ELECON ENGINEERING COMPANY LIMITED CIN: L29100GJ1960PLC001082 Narasimhan Raghunathan / Ashish Jain Email: narasimhanr@elecon.com / arjain@elecon.com For updates and specific queries, please visit www.elecon.com Instagram PNG Icons, Instagram Logo PNG Images For Free ...