Sharat Industries Ltd · BSE:SHINDL
Sharat Industries — H1 FY26 Earnings Presentation
31 slides from Sharat Industries's earnings presentation, December 2025
Slide 1: Pioneers In Indian Aquaculture
& Pioneers In Indian Aquaculture
Slide 2: Forward-looking statements disclaimer
This document includes certain forward-looking statements which are tentative, based on current expectations of the management of Sharat Industries Limited. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual
Slide 3: India's Oldest Integrated Aquaculture Company
India’s Oldest Pioneered the 30+ 25+ Integrated Breeding and Years of Experience International Customers Aquaculture Culture of Company Vannamei in India 35+ 16 12+ 55 Domestic Customers Product Varieties Countries Exports Farmer Partnerships Footprint Q2 & H1 FY26 | Sharat Industries Limited Slide
Slide 4: Financial Highlights
Slide 5: Revenue From Operations
Revenue From Operations (In ₹ Cr.) EBITDA PAT (In ₹ Cr.) EBITDA Margin PAT Margin (In %) 14.00 12.00% 9.76% 160.00 % 12.00 10.00% 9.18% 140.00 10.00 7.97% 8.00% 120.00 8.00 100.00 4.66% 6.00% 80.00 % 6.00 3.71% 3.83% 4.00% 60.00 4.00 40.00 2.00% 2.00 20.00 - 0.00% - (In ₹ Cr.) (In ₹ Cr.) (In %) Reve
Slide 6: Q2 & H1 FY26 Highlights
: o % ₹ o ₹ % (₹ ) o ₹ % (₹ ) o ( ), % : o o o o o o Q2 & H1 FY26 Q2&H1-FY 26 || Sharat Sharat Industries Industries Limited Limited Slide 6
Slide 7: Leading Indian Shrimp exporter to Russia with long-standing customer relationships
3% 23% Leading Indian Shrimp exporter to Russia with long-standing customer relationships 15% Over the past 3 years, Sharat Industries has planned pan-India and multi-market expansion including Merchant Export Operations in Gujarat, to serve key markets such as the USA, Europe, China, Russia and wid
Slide 8: Future Plans
Future Plans
Slide 9: Own and contract farming value drivers
1 3 4 5 ( )* VALUE DRIVER / Quality input ensures better survival & yield. 2 OWN CONTRACT Seedlings stocked in ponds; Shrimp grown at long-standing Feed is the major cost (~50% partner farms, where SIL supplies of farm cost) seed, feed and technical support through vetted input partners VALUE DRIVER
Slide 10: Partnership with West Coast Frozen Foods for Merchant Export operations
Sharat Industries partners with West Sharat Industries unveiled a Coast Frozen Foods to launch new logo, reflecting its Merchant Export operations in evolving brand identity and Gujarat, expanding national footprint commitment to growth in and extended access to key global global seafood markets mar
Slide 11: Expanding into China, re-entering the EU
Expanding into China through Targeting an increase in plant Scaling an asset-light merchant premium Black Tiger shrimp utilization from 55% towards export model through exports, re-entering the EU ~90% over the next few years, processing tie-ups to reduce market and maintaining core driven by contra
Slide 12: Merchant export scale-up and export revenue target
: & ( – ) & Launched merchant export operations from a Strengthening presence in Russia and China Build domestic capabilities via strategic alliances new facility in August, 2025, scale through 1–2 while rebuilding the EU market, with an and potential partial acquisitions, launching additional facil
Slide 13: Company Overview
Company Overview
Slide 14: Company history and milestones
' : & • Incorporated as Sharat Sea Foods • Focus on Scampi and Vannamei trials • Achieved 25% growth despite COVID-led • Became Indias largest shrimp exporter to challenges Russia by volume • Farm operations initiated (Black Tiger • Successful pilot; Vannamei commercialized shrimp) • Sustained opera
Slide 15: Promoters and Directors
Promoter & Managing Director Promoter & Executive Director o o ’ & o — o o o o ’ o o ’ o Q2 & H1 FY26 | Sharat Industries Limited Slide 15
Slide 16: Integrated operations
& & & & ’ ’ ' & Q2 & H1 FY26 | Sharat Industries Limited Slide 16
Slide 17: 7,500+ Tonnes of Frozen Shrimp
: : 7,500+ Tonnes of Frozen Over 16 product varieties of Vannamei and Black Shrimp Tiger Shrimp under three categories: 1. IQF Frozen (Raw, Cooked, Blanched) 2. Block Frozen 3. Brine Frozen : o Modern and well-equipped processing plant. Ensures antibiotic-free and high-quality processed products : o
Slide 18: Product varieties
( & ) Head-On Shell-On Headless Easy Peel (EZ- Peeled and De-veined Butterfly Cooked Headless Cooked Peeled and De- (HOSO) Peel) Tail-Off (PD) Shell-On veined Tail-On (CPDTO) Raw Headless Peeled and De-veined Peeled and Un- Head-On Shell-On Cooked Peeled Cooked Peeled and De- Shell-On (HLSO) Tail-On
Slide 19: Brands and export mix
VANNASTAR AQUAASTAR Sharat Star 3% 23% USA 15% Russia China Others 59% * Q2 & H1 FY26 | Sharat Industries Limited Slide 19
Slide 20: Q2 & H1 FY26 | Sharat Industries Limited Slide 20
Q2 & H1 FY26 | Sharat Industries Limited Slide 20
Slide 21: Sri Sairam Ashram Trust, Ponneri, Chennai
: Sri Sairam Ashram Trust, Ponneri, Donation to Sri Sairam Ashram Trust, which Collaborated with a recognized institution Chennai provides safe, family-like residential care for dedicated to social welfare and dignity for the senior citizens aged ₹ 0.15 crore Backed medical camp (20 April 2025) Cont
Slide 22: Revenue, EBITDA and PAT trends
(In ₹ Cr.) (In ₹ Cr.) (In ₹ Cr.) Reveune EBITDA PAT 400.00 380.53 30.00 28.56 12.00 11.11 350.00 332.54 9.95 302.16 25.00 23.18 10.00 300.00 264.93 21.15 247.03 20.00 18.44 8.00 250.00 6.50 200.00 13.44 5.87 15.00 6.00 150.00 10.00 4.00 3.46 100.00 5.00 2.00 50.00 0.00 0.00 0.00 FY22 FY23 FY24 FY25
Slide 23: Industry Overview
Slide 24: Population growth and limited farmland are driving aquaculture
Population growth and limited farmland are Overfishing and habitat loss are making Increasing use of aquatic bioactive driving aquaculture as an efficient protein aquaculture vital for stable seafood is driving aquaculture demand source supply & Improved logistics and retail networks are Rising inco
Slide 25: India's Aquaculture Market to Grow from 14.4MT to 28.8MT by 2033
India’s Aquaculture Market to Grow from 14.4MT to 28.8MT by 2033; at a 7.57% CAGR Growing health awareness and Increased demand for varied seafood preference for protein-rich, omega-3- species due to exposure to global rich seafood cuisines Declining marine fishery yields due to & Better cold chains
Slide 26: India's seafood processing industry projected to reach USD 25.2 billion by 2033
& India’s seafood processing industry is projected to reach USD 25.2 billion by 2033, growing at a CAGR of 7.51%, supported Quantity ('000 tonne) Value (₹ Cr) Avg. Realisations (₹/Kg) by rising demand, aquaculture advances and policy support. India is the largest shrimp exporter to the US, consisten
Slide 27: Barriers and challenges in aquaculture
01. Specialized technical knowledge needed in aquaculture and disease management 04. Export certifications like BAP and ASC are mandatory but hard to obtain 02. High disease risk demands robust biosecurity measures and healthy broodstock 05. Environmental risks and climate change threaten farming op
Slide 28: Strengths, opportunities and challenges
• Integrated & Scalable Operations • Established Farmer Network • Constant increase in cost of production • Diverse & Certified Product Portfolio • Regulation on Raw material pricing • Expanding Global Footprint • Increase in Ocean Freight • Certified for Russia, US & EU, reflecting flexibility • Vo
Slide 29: Share price and shareholding
& : & | : As on 23-12-2025 As on 30-09-2025 Share Price (₹) 135.45 52 Week High-Low (₹) 150.00 – 59.00 44.22% Market Capitalization (₹ Cr) 531.16 Gain in last one year (%) 98.5% Promoter & Promoter Group No. of Shares 3,92,14,451 55.78% Public Face Value (₹) 10 Price (₹) 160.00 135.45 140.00 120.00
Slide 30: Q2 & H1 FY26 | Sharat Industries Limited Slide 30
Q2 & H1 FY26 | Sharat Industries Limited Slide 30
Slide 31: Thank You
CORPORATE OFFICE Flat No. 4, 3rd Floor, Pallavi Apartments, No. 57/11, Old No. 29/TF4, 1st Main Road, HDFC Bank Compound, R.A. Puram, Chennai – 600 028 REGISTERED OFFICE Feed Plant, Hatchery & Farm: Venkanna Palem Village, T.P. Gudur Mandal, Nellore – 524 002, Nellore Dist, A.P. Processing Plant: Ma