Ksh International Ltd. · NSE:KSHINTL
Ksh International — Q2 FY2026 Earnings Presentation
27 slides from Ksh International's earnings presentation, Jan 5, 2026
Slide 1: Exchange filing cover letter
05th January, 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 t
Slide 2: KSH International – Investor Presentation Q2 FY2026
KSH International – Investor Presentation Q2 FY2026
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by KSH International 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 se
Slide 4: KSH International: India's Largest Exporter & Leading Magnet Winding Wire Manufacturer
KSH International: India’s Largest Exporter & one of the Leading Manufacturers of Magnet Winding Wires Approved supplier of insulated rectangular Part of KSH Group which has a presence Delivering highest EBITDA margin2,3 & revenue wires & CTC used in HVDC1, 765 kV EHV1 across logistics, infra, servi
Slide 5: KSH International – Key Milestones
KSH International – Key Milestones 2025-2026 ▪ Commenced Phase I operations of Supa facility 2023 (Capacity 12,000 MTPA) ▪ Crossed ₹10,000 Mn in revenue ▪ Exclusive license agreement with from operations HPW Metallwerk GmbH ▪ Received Best Supplier Award for FY23 by Toshiba Transmission & Distributi
Slide 6: Q2 FY2026 Financial Highlights
Q2 FY2026 Financial Highlights Revenue from Operations Specialized and Standard Revenue1 Sales Volume & Capacity utilization (%) MTPA 29,045 29,045 29,045 INR Mn 50.7% 90%+ 27.5% 22% 23% 85.9% 28% 81.1% 7,122 5,587 Standard 4,725 78% 77% 72% 7,037 Specialized 5,739 6,114 Q2FY25 Q1FY26 Q2FY26 Q2FY25
Slide 7: H1 FY2026 Financial Highlights
H1 FY2026 Financial Highlights Revenue from Operations Specialized and Standard Revenue1 Volume & Capacity utilization (%) INR Mn 40.5% MTPA 29,045 29,045 25% 25% 90%+ 12,709 78.8% 9,046 Standard 75% 75% Specialized 11,436 13,151 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 Capacity Volume Utilisation%
Slide 8: Q2 & H1 FY2026 profit and loss account statement
Q2 & H1 FY2026 profit and loss account statement Y-o-Y ( Particulars (Amt in INR Mn) Q2FY26 Q2FY25 Y-o-Y (%) Q1FY26 Q-o-Q (%) H1FY26 H1FY25 %) Revenue from Operations 7,121.5 4,724.7 50.7% 5,587.1 27.5% 12,708.6 9,045.8 40.5% Cost of Goods sold 6,365.2 4,225.1 4,936.8 11,301.9 8,060.9 Gross Profit 7
Slide 9: Illustrative Example Highlighting Impact of Changes in Price of Copper
Focus on value Addition; Insulated from commodity prices with a Back-to Back order placement model An Illustrative Example Highlighting Impact of Changes in Price of Copper Copper Price + value add framework agreement Pricing Mechanism 100 between customer and KSH Copper 100 100 1100 Customer gives
Slide 10: Business Update
Business Update Supa facility Completed Phase 1 at the end of September Focus on EV Segment 2025, wherein 12,000 MTs of capacity across Entered into an Exclusive license agreement with both special and standard magnet winding wires HPW Metallwerk GmbH to manufacture & sell its have been installed, a
Slide 11: Strengths
Strengths One of the leading manufacturers of magnet winding wires in India with a comprehensive suite of products used across multiple end use industries Large, strategically located, manufacturing facilities with focus on advanced technologies & new product & process development Long standing rela
Slide 12: Comprehensive Suite of Magnet Winding Wire Products (1/2)
One of the leading Manufacturers of Magnet Winding Wires in India with a Comprehensive suite of Products used across Multiple End-Use Industries (1/2) Specialised Magnet Winding Wires (74.79% Revenue Share1) End use Industry End use Application ▪ HVDC Transformers ▪ Traction Transformer Continuously
Slide 13: Products Across End-Use Industries and Growth Drivers (2/2)
One of the leading Manufacturers of Magnet Winding Wires in India with a Comprehensive suite of Products used across Multiple End-Use Industries (2/2) End-Use Industry Growth Drivers End Use Industry Applications Growth Drivers Power & Distribution • 2x growth expected in Power generation capacity b
Slide 14: Strategically Located Manufacturing Facilities
Large, Strategically located, Manufacturing Facilities with focus on Advanced Technologies, New Product & Process Development Strategically located Manufacturing Facility within close Proximity to the Port & Customers Unit 1: Taloja Unit 2: Chakan Unit 3: Chakan Unit 4: Supa (Capacity : 4,241 MT)^ (
Slide 15: Long Standing Relationships with Diversified Customer Base
Long Standing Relationships with Diversified Customer Base both Domestically as well as Globally KSH Magnet Winding Wires are globally recognised by Industry Leaders Leading to strong leadership in Export Market By meeting the standards of global companies, KSH has established itself as reliable sup
Slide 16: Track Record, Certifications & Accreditations; High Barriers to Entry
Proven Track Record with necessary Certifications & Accreditations in an Industry which has High Barriers to Entry Distinguishing Features of KSH International End utility approval for Transformers & Reactors Organization Product Advanced Manufacturing Extensive Engineering Infrastructure Expertise
Slide 17: Experienced Promoters, Independent Directors & Senior Management
Experienced Promoters, Independent Directors & Senior Management team Mr. Kushal Hegde - Chairman & Executive Director Mr. Rohit Kushal Hegde – Non Executive Director ▪ Bachelor’s degree in art from Bombay University ▪ MBA from Sheffield Hallam University & an executive master in change from INSEAD
Slide 18: Strategies
Strategies Increase focus on higher value-added critical products, focusing on high value segments & launching new products Increase presence in international markets & expand global reach Increase wallet share of existing customers Continue to focus on improving operating efficiencies through scale
Slide 19: Increase Focus on Higher Value-Added Critical Products
Increase focus on Higher Value-Added Critical Products, focusing on High Value Segments & launching new Products Improvement Developing higher value- Focus on Sector specific Investments in advanced margin profile & added products requirements manufacturing drive growth High focus on Value-Added Cri
Slide 20: Increasing Presence in International Markets & Expand Global Reach
Increasing Presence in International Markets & Expand Global Reach China +1 Strategy Expand Global Reach Offer a reliable alternative to global customers Presence across 24 geographies; Seek to seeking to mitigate risks enter into new international markets Diversifying Revenue Base Enhancing Brand R
Slide 21: Increasing Wallet Share of Existing Customers
Increasing Wallet Share of Existing Customers Long Standing Relationship with Customers: Strategic Opportunity to Deepen Engagement & Drive Sustained Growth Co-develop advanced winding wire & products to Offer wider product & customized Enhance customer loyalty & increase address emerging requiremen
Slide 22: Improving Operating Efficiencies through Scale & Backward Integration
Continue to focus on Improving Operating Efficiencies through Scale & Backward Integration Focus on Sustainability Integrating renewable energy to significantly Backward Integration (Proposed in-house reduce carbon footprint & align with global upcast copper rod manufacturing sustainability trends c
Slide 23: Detailed Financials Analysis
Detailed Financials Analysis As at the six-month period ended Sep As at and for Fiscal Particulars Unit 2025* 2025 2024 2023 Financial KPIs Revenue from Operations(1) ₹ in million 12,708.60 19,282.93 13,828.15 10,494.60 YTD Revenue growth(2) % N.A. 39.45% 31.76% 20.55% Total Income(3) ₹ in million 1
Slide 24: Restated Statement of Profit & Loss
Restated Statement of Profit & Loss For half year ended For the Fiscal ended Particulars (Amt in INR Mn) Sept 30, 2025 2025 2024 2023 Revenue from Operations 12,708.60 19,282.93 13,828.15 10,494.60 Other Income 74.53 98.97 76.80 71.35 Total Income 12,783.13 19,381.90 13,904.95 10,565.95 Expenses -Co
Slide 25: Restated Statement of Assets and Liabilities
Restated Statement of Assets and Liabilities As at As at As at As at Particulars (Amt in INR Mn) Particulars (Amt in INR Mn) Sept 30, 2025 Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Sept 30, 2025 Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 ASSETS Liabilities Non-current assets Non-current liabilities Propert
Slide 26: Restated Statement of Cash Flows
Restated Statement of Cash Flows For the period For the Fiscal ended For the period ended For the Fiscal ended Particulars (Amt in INR Mn) ended Particulars (Amt in INR Mn) Sept 30, 2025 2025 2024 2023 Sept 30, 2025 2025 2024 2023 Cash Flow from operating activities Profit before tax for the period
Slide 27: IPO details
IPO details • Listing date - December 23, 2025 • IPO size - ₹ 626.5 cr, out of which fresh issue ₹420 crore and offer for sale is ₹ 206.5 cr • Utilisation of net proceeds – • Prepayment or repayment of certain outstanding Photo borrowings of ₹225.98 crore • Towards capital expenditure of ₹87.01 cror