Emmforce Autotech Limited · BSE:EMMFORCE
Emmforce Autotech — Investor Presentation (May 2026)
43 slides from Emmforce Autotech's investor presentation, May 27, 2026
Slide 1: Emmforce Autotech Ltd – Investors Presentation FY26
Accelerating the Performance Emmforce Autotech Ltd Winning the Races on Rough Tracks Investors Presentation FY26
Slide 2: Table of Content
Table of Content Business Overview 01 Financial Updates 02 Strategic Priorities 03 Annexure 04 www.emmforce.com
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Emmforce Autotech Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities and shall
Slide 4: Winning the Races on Rough Tracks
Winning the Races on Rough Tracks
Slide 5: Key metrics for FY26
Manufacturer of precision-engineered niche drivetrain components 01 primarily catering to 4WD and performance racing vehicles. Key metrics for FY26 02 Strategically expanded into the Agri segment. Total Revenue: EBITDA : Rs. 23 Cr PAT: Rs. 8 Cr Rs. 113 Cr CAGR^: 27% CAGR^: 23% Product portfolio incl
Slide 6: Export-oriented business and vertical integration
Customer stickiness Export-oriented business Bulk Supply RFQ & Sample / drawing Vertical Integration: Diverse product portfolio 1. In-house design & 1. Hubs & Spindles engineering 2. Axle shafts PPAP / 2. Forging of drivetrain 3. Driveshaft parts Product Quotation components Submission Fully Integra
Slide 7: Our USPs
Export-Led, Globally Scaled Business Predominantly export-driven operations with ~94% revenue from overseas markets. Deep-Rooted Customer Relationships Design Excellence ~95% customer retention, reflecting strong IATF certification – High quality control allowing for repeat orders, long-term relatio
Slide 8: Sizeable and Increasing Presence (1/2)
Sizeable and Increasing Presence (1/2) _— EEE
Slide 9: Sizeable and Increasing Presence (2/2)
Sizeable and Increasing Presence (2/2) SS
Slide 10: Design & Development, testing and manufacturing capabilities
Design & Development Forging simulation Spectrometer Microscope with Universal Testing Micro Vickers image Analyzer Machine Hardness test Benchmarking Tool Room Mechanical Forging Press Coordinate Measuring Machine Standard Room ENAMOTO Japan Servo SCADA Driven Machine shop Friction Screw Forging Co
Slide 11: Integrated manufacturing setup
Integrated manufacturing setup - A fully integrated 1,50,000 sq. ft. facility with end-to-end in-house capabilities. Backward Integration Capacity utilization Manufacturing unit area 1,50,000 sq. ft. Emmforce Mobility Solutions Pvt. Ltd (EMSPL), the subsidiary is used for backward integration: Annua
Slide 12: Products and revenue split
(Rs. in Cr.) (Rs. in Cr.) Product led revenue - FY25 Product led revenue - FY26 32 35 Hubs & Spindles Hubs & Spindles Axle shafts 21 Axle shafts Products Products Other differential parts Other differential parts 17 17 16 16 Other parts Other parts 10 Driveshaft parts Driveshaft parts 9 7 6 Scrap, l
Slide 13: Hydraulic Gear Pump
Undertook a five-year Creates cross-selling R&D program to opportunities across develop Hydraulic automotive, agri and off-highway platforms 06 01 Gear Pumps aligned with OEM performance and quality standards Hydraulic Gear Pump Represents our Built in-house transition from design, validation, compo
Slide 14: Pricing power and customer stickiness
Pricing power Customer Stickiness Operates in niche, precision-engineered drivetrain components with limited Long product life cycles and customer-specific designs result in high competition switching costs, typically requiring 3–5 years for customers to transition to alternate suppliers Products ar
Slide 15: R&D focus
Focus on new products: Successfully developed hydraulic gear pumps, 01 rotavator blades, and many more products (Rs in Cr.) 2 Focus on process improvements: Forging integration, precision 02 machining enhancements for quality and cost efficiency. 1.75 Helps to find customer-specific solutions: From
Slide 16: Trusted by Industry Leaders
1. The recently secured Rs. 470 Cr U.S. export order is already in commercial production at full run-rate and is expected to generate approximately Rs. 60 Cr of annual revenue in FY27. 2. A new long-term drivetrain supply order worth Rs. 10.50 Cr in annual revenue, was awarded in October 2025 with P
Slide 17: Global Automotive drivetrain market
India is projected to be one of the largest global automotive and mobility hub. The Indian auto - component industry is poised to attract investments of approximately USD 6.5-7 billion in the next five years, nearly doubling the expenditure compared to the USD 3.5-4 billion invested in the last five
Slide 18: Strategic priorities
➢ Scaling up Agri division ➢ Expanding to Tier-1 OEMs in the US, Europe and Asia ➢ Simplify group structure
Slide 19: Market Opportunity and Strategic Rationale (Agri)
Market Opportunity Strategic Rationale Global Farm Equipment market Diversifies revenue beyond export-heavy drivetrain business ~$190 Bn by 2030 | ~$110 Bn (2024) ~12.1% CAGR Higher margin potential through next-gen agri Rotavator blades market: implements ~$1.2 Bn (2024) ~$2.5 Bn by 2033 | ~9.1% CA
Slide 20: Where Strategy Meets Action – Agri
Where Strategy Meets Action - Where Growth Turns into Value Levers That Drive Performance Agri production already commenced through subsidiary Near-term capacity: Rs. 150 Cr TAFE rotavator parts have been in full-scale production since July 2025, Long-term annual potential: Rs. 250 Cr with business
Slide 21: Market Opportunity and Strategic Rationale (Drivetrain)
Market Opportunity Strategic Rationale Driveshaft components: Strengthens participation in high-value, regulated OEM ecosystems. ~$31.2 Bn (2021) ~$48.2 Bn by 2030 Differential Components: Facilitates a strategic shift in moving up the value curve from component-level supply to long-term program par
Slide 22: Where Strategy Meets Action – US Business
Where Strategy Meets Action - Where Growth Turns into Value Levers That Drive Performance Added three new US customers over the last year, despite a Rs. 60 Cr annual business is already in production. challenging tariff environment. Rs. 20 Cr per annum business expected to be in commercial productio
Slide 23: Subsidiary and Related Party
Subsidiary Related Party Emmforce Emmbros Mobility Automotives Pvt. Solutions Ltd Private Limited Forgings & Rear/Front Axle Rotavator Shafts, blades Transmission shafts etc The company intends to migrate to the mainboard within approximately one year, followed by acquisition of Emmbros Automotives
Slide 24: Next Frontier
Agri Segment 22% 50 Cr Growth in Domestic & International Partnerships 30 Cr USD appreciation Capex completed; margin expansion 8 Cr benefits export revenue potential ahead. FY26 FY27E FY28E Next Frontier Automotive Segment 20-22% +57% 195 Cr US tariffs are OEM-led growth with 21% 165 Cr passed thro
Slide 25: Financial Highlights
Financial Highlights Winning the Races on Rough Tracks
Slide 26: Strong Revenue Growth with Accelerating Profitability
Strong Revenue Growth with Accelerating Profitability (Rs. In Cr.) Revenue EBITDA 23 113* 18 89 17 84 11 49 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 PAT 9 8 8* 4 FY23 FY24 FY25 FY26 *Turnover witnessed strong growth, while PAT declined primarily due to manpower hiring undertaken for already secured p
Slide 27: Total Revenue, EBITDA, PBT, ROE and Margins
(Rs. In Cr.) Total Revenue EBITDA PBT 113 23 13 12 12 84 89 18 17 49 11 7 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 ROE Debt to equity Margins 44% 2.1 41% 45% 41% 37% 24% 21% 19% 21% 20% 10%* 0.65 0.32* 11% 9% 0.48 9% 10% 7% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY
Slide 28: Net debt to EBITDA, ROCE, Working capital cycle
*The recent decline in ROCE reflects significant capacity-expansion capex for agri division; returns are expected to improve as utilisation ramps up and revenues scale. Net debt to EBITDA ROCE* 31% 33% 2.44 1.92 1.38 14% 13% 0.38 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Working capital cycle 136 144
Slide 29: H2 FY26 Results
(Rs. In Cr.) Particulars H2 FY26 H1 FY26 HoH% H2 FY26 H2 FY25 YoY% Revenue from Operations 59 54 10% 59 52 13% EBITDA 12 11 5% 12 11 7% EBITDA Margin % 20% 21% 20% 21% Depreciation 5 3 5 3 Earnings Before Interest & Tax 7 8 -16% 7 9 -22% Interest 1 1 1 1 Other Income 0 0 0 -1 Profit Before Tax 5 7 -
Slide 30: Profit and Loss Statement
(Rs. In Cr.) Particulars FY22 FY23 FY24* FY25 FY26^ Revenue from Operations 69 46 83 88 113 EBITDA 14 11 17 18 23 EBITDA Margin 21% 24% 21% 21% 20% Depreciation 1 2 2 4 8 EBIT 13 9 15 14 15 EBIT Margin 19% 20% 19% 16% 13% Finance Cost 2 2 2 2 3 Other Income 2 3 1 1 0 PBT 11 7 13 12 12 PBT Margin 16%
Slide 31: Balance Sheet
(Rs. In Cr.) Assets FY22 FY23 FY24 FY25 FY26 Liabilities FY22 FY23 FY24 FY25 FY26 Non Current assets Equity & Liabilities Property, Plant & Equipments 14 12 27 37 74 Equity Equity share capital 21 23 15 21 21 Capital Work in Progress 2 4 3 22 0 Reserves & surplus - - 4 59 71 Goodwill on Consolidatio
Slide 32: ANNEXURES
ANNEXURES Winning the Races on Rough Tracks
Slide 33: Company journey and milestones
Operations commenced Scaled operations with Scaled operations with Manufacturing footprint Expanded Newly added US Established an in-house with a rented 4,000 sq. ft. the commissioning of a expansion to a 60,000 expanded to 90,000 sq. manufacturing footprint OEM line has assembly line, manufacturing
Slide 34: Mr. Ashok Mehta and Mr. Azeez Mehta
Mr. Ashok Mehta Promoter & Managing Director Brings 33+ years of experience in the automotive components industry. A Chartered Accountant with strong engineering aptitude, he focuses on capital-efficient growth, strong governance, and operational excellence. He is also a published author, reflecting
Slide 35: Core values
Integrity - Proactive, market- and customer-centric management approach ensures transparency, accountability, and long-term partnership orientation. Excellence - Integrated manufacturing of a wide range of drivetrain components under one roof provides superior quality control and operational efficie
Slide 36: Our Vision, Mission and Values
OUR VISION OUR MISSION OUR VALUES “To achieve customers' utmost delight by “Ethical Business Practices, Latest Technology, “To be an industry leader with global developing and delivering the best quality, Rapid Turnaround Time, presence, world-class products and delighted cost competitive, market dr
Slide 37: Hubs and spindles
. . These components enable efficient power transmission, torque control, and functional engagement across drivetrain systems. Spindle Actuator Hub Engineered for durability and precision, they ensure reliable performance under demanding operating conditions. Floater Hub Locking Hub 37
Slide 38: Axle and power transmission shafts
These drive train and power . transmission components are used to transmit torque, support vehicle movement, and handle high load and stress conditions Rear Axle Shafts Power Transmission Cardan Shaft in automobiles and equipment. Shafts They play a critical role in power delivery from the engine to
Slide 39: Yokes and joint assemblies
. . The yokes and joint assemblies are critical driveline components used to connect, support, and transmit rotational power between shafts and different drivetrain Flange Yoke Slip Yoke Stub Yoke elements. They accommodate angular movement, vibration, and misalignment while ensuring smooth and reli
Slide 40: Differential components
These differential components are used to control torque distribution between wheels, improve traction, and enhance Full Spool Differential Locker driveline performance under varying road and off-road conditions. They enable wheel locking, limited slip, or equal torque transfer, depending on vehicle
Slide 41: Assemblies and systems
. . These assemblies and systems are used to enable power transmission, torque control, and functional Hyd. Gear Pump Axle Assembly engagement within drivetrain and hydraulic systems. They support vehicle movement, gear selection, wheel engagement, and . load handling under demanding operating condi
Slide 42: Subsidiary Product Portfolio
Subsidiary Forgings Product Portfolio Rotavator Blades Rotavator www.emmforce.com 42
Slide 43: Thank You!
Accelerating the Performance Delivering the torque your wheels deserve India's leading automotive drivetrain parts manufacturing company, since 1993 Plot No.1,3 & 5 EPIP Phase-I, Baddi, H.P-173205, INDIA E-Mail: finance@Emmforce.com www.emmforce.com Thank You! For further information, please contact