Chemfab Alkalis Ltd. · NSE:CHEMFAB
Chemfab Alkalis — Q2 FY2026 Earnings Presentation
40 slides from Chemfab Alkalis's earnings presentation, Nov 1, 2025
Slide 1: Submission of Investor Presentation cover letter
CcM CHEMFAB ALKALIS LIMITED REF: CHEMFAB/SEC/2025-26 1st November, 2025 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department The Manager, Listing Department Phiroze Jeejeebhoy Towers, “Exchange Plaza” Dalal Street, Bandra - Kurla Complex, Bandra (E) Mumbai- 400 001.
Slide 2: Investor Presentation Q2FY26 – October 2025
ccL CHE MFAE ALKALIS LIMITED ►►► CHEMFAB ALKALIS LIMITED Investor Presentation Q2FY26 – OCTOBER 2025 ►►►
Slide 3: Disclaimer
►►► Disclaimer This document which has been prepared by Chemfab Alkalis Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe any securities, and shall not form the basis or be relied on in connection with any
Slide 4: Quarterly Highlights
01 Quarterly Highlights Q2FY26 – OCTOBER 2025
Slide 5: Management Commentary
QUARTERLY HIGHLIGHTS Management Commentary In Q2FY26, our performance reflected the continued Allocations are expected to resume from the end of softness in global Caustic prices driven by tariff Q3FY26, which should drive demand revival. impacts, resulting in a moderation in ECU realisation Encoura
Slide 6: Segmental KPIs
CCL CHEAS ALKALIS LIM1TEL QUARTERLY HIGHLIGHTS Segmental KPI’s Chlor Alkali Segment REVENUE FROM OPERATION EBITDA EBITDA MARGINS ECU Realisations (₹ IN CRORES) (₹ IN CRORES) (IN %) (₹ IN(IN CRORES) ₹/MT) Q2FY26 43.66 Q2FY26 -1.27 Q2FY26 -2.91 Q2FY26 36700 Q1FY26 48.88 Q1FY26 2.75 Q1FY26 5.62 Q1FY26
Slide 7: Summary of Profit & Loss (Chlor Alkali & OPVC)
QUARTERLY HIGHLIGHTS Summary of Profit & Loss (Chlor Alkali & OPVC) (₹ IN CRORES) Y-O-Y Q-O-Q PARTICULARS Q2FY26 Q2FY25 Q1FY26 CHANGE CHANGE REVENUE FROM OPERATION 70.66 79.00 (10.56%) 87.85 (19.32%) OPERATIONAL EBITDA 8.44 12.66 (33.33%) 14.73 (42.69%) OPERATIONAL EBITDA MARGIN % 11.94% 16.03% (408
Slide 8: Summary of Profit & Loss – Chlor Alkali Segment
QUARTERLY HIGHLIGHTS Summary of Profit & Loss – Chlor Alkali Segment (₹ IN CRORES) Y-O-Y Q-O-Q PARTICULARS Q2FY26 Q2FY25 Q1FY26 CHANGE CHANGE REVENUE FROM OPERATION 43.66 44.47 (1.82%) 48.88 (10.68%) EBITDA (1.27) (1.61) (21.12%) 2.75 (146.23%) EBITDA MARGIN % (2.91%) (3.62%) 71 bps 5.62% (853 bps)
Slide 9: Summary of Profit & Loss – OPVC Segment
QUARTERLY HIGHLIGHTS Summary of Profit & Loss – OPVC Segment (₹ IN CRORES) Y-O-Y Q-O-Q PARTICULARS Q2FY26 Q2FY25 Q1FY26 CHANGE CHANGE REVENUE FROM OPERATION 27.00 34.53 (21.81%) 38.70 (30.24%) EBITDA 9.71 14.27 (31.96%) 11.98 (18.94%) EBITDA MARGIN % 35.96% 41.33% (536 bps) 30.95% 501 bps OTHER INCO
Slide 10: Company Overview
02 Company Overview Q2FY26 – OCTOBER 2025
Slide 11: Introducing Chemfab Alkalis Limited
CCL CHE FAE ALKALIS LIM1TEL INTRODUCTION Introducing As India's first adopter of membrane cell technology in 1985, the Chemfab Alkalis Company has established itself as one of the leading caustic soda manufacturer with 65,700 TPA capacity. Since 2018, the Company strategically expanded into manufact
Slide 12: Innovation & Sustainability Milestones
CCL INTRODUCTION >>> 2024 CHE FAE ALKALIS LIM1TEL 2014 2017 • MAJOR OPVC EXPANSION: Innovation & FIRST IN INDIA: ZERO-WASTE INNOVATION: Commissioned Lines 3 & Line 4 increasing • Upgraded to BiTAC® electrolysers, Patented a process to convert product range from 110 mm upto 630 further enhancing prod
Slide 13: Steering Chemfab's Growth and Innovation
CCL CHE FAE ALKALIS LIM1TEL INTRODUCTION Steering Chemfab’s Growth and Innovation Mr. Suresh Krishnamurthi Rao Mr. V.M. Srinivasan Mr. Prasath S Chairman CEO CFO Provides strategic leadership and vision, Leads Chemfab's growth journey Ensures financial discipline, backed by decades of industry throu
Slide 14: Chlor Alkali Business
03 Chlor Alkali Business Q2FY26 – OCTOBER 2025
Slide 15: Our Chlor Alkali Portfolio
CCL CHE FAE ALKALIS LIM1TEL CHLOR ALKALI BUSINESS Our Chlor Alkali Portfolio OUR CHLOR-ALKALI DIVISION AT PUDUCHERRY, MANUFACTURES SIX ESSENTIAL CHEMICAL PRODUCTS POWERING MULTIPLE INDUSTRIES WHILST CONSISTENTLY IMPLEMENTING CUTTING-EDGE GREEN TECHNOLOGIES. 2» Caustic Soda Lye ( K () E • Neutralisin
Slide 16: Our End-to-End Manufacturing Infrastructure
CHEMFAB�LIMITEC A CHLOR ALKALI BUSINESS Our End-to-End Manufacturing Infrastructure OUR PUDUCHERRY FACILITY STANDS AS THE CORNERSTONE OF OUR CHEMICAL BUSINESS WITH 65,700 TPA CAUSTIC SODA CAPACITY. THIS TECHNOLOGICALLY ADVANCED PLANT MAINTAINS INDUSTRY -LEADING UTILISATION RATES WHILE DEMONSTRATING
Slide 17: Our Vertical Integration Strategy
CCL CHE FAE ALKALIS LIM1TEL CHLOR ALKALI BUSINESS Our Vertical @ Strategic Rationale @ Scale Integration () B () F • Secure high-quality raw material • Address negative chlorine realisations () B () F • Total salt holdings: 2,370+ acres • Capacity: 10,000 TPA Strategy • Insulate from • Create value-
Slide 18: Strategic Upgrades Underway
CCL CHE FAE ALKALIS LIM1TEL CHLOR ALKALI BUSINESS Strategic Upgrades Underway OUR STRATEGIC INITIATIVES FOCUS ON ENHANCING OPERATIONAL EFFICIENCY AND REDUCING COSTS IN OUR CAUSTIC SODA BUSINESS THROUGH TARGETED INVESTMENTS IN TECHNOLOGY MODERNISATION AND POWER OPTIMISATION. 2» ASPECT TECHNOLOGY MODE
Slide 19: Caustic Soda Price Trends
CHErA Cp ALKALIS ... CHLOR ALKALI BUSINESS Average Yearly CCAL ECU Prices vs Caustic Soda Import Prices Caustic Soda (FY 21-FY 25) Price Trends 60,000 59,638 750 700 55,000 650 650 600 50,000 550 45,177 45,000 500 510 39,997 490 450 39,495 40,000 425 400 350 35,000 32,681 300 30,000 275 250 FY21 FY2
Slide 20: Historical Segmental Performance
CCL CHEMFAB A LKALI LIMITED CHLOR ALKALI BUSINESS Historical Segmental Performance Chemical & Related Products Revenue Profit Before Interest and Tax (₹ IN CRORES) (₹ IN CRORES) FY25 FY24 190.64 201.49 FY25 FY24 -5.20 12.09 . I • FY23 292.95 FY23 90.38 FY22 225.75 FY22 42.79 FY21 134.12 FY21 1.35 Ca
Slide 21: OPVC Pipes Business
04 OPVC PIPES Business Q2FY26 – OCTOBER 2025
Slide 22: Pioneering Advanced Water Infrastructure for a Sustainable India
OPVC PIPES BUSINESS Pioneering IN 2018, CHEMFAB ALKALIS LIMITED (CCAL) STRATEGICALLY DIVERSIFIED Advanced Water INTO THE MANUFACTURING OF ORIENTED POLY VINYL CHLORIDE (OPVC) PIPES, POSITIONING ITSELF AT THE FOREFRONT OF INDIA'S EVOLVING WATER INFRASTRUCTURE LANDSCAPE. OPVC PIPES, A NEW-GENERATION In
Slide 23: OPVC Pipes: The Future of Water Infrastructure
OPVC PIPES BUSINESS OPVC Pipes: The Future of Water Infrastructure ORIENTED POLY VINYL CHLORIDE (OPVC) PIPES REPRESENT A SIGNIFICANT LEAP FORWARD IN WATER INFRASTRUCTURE TECHNOLOGY, OFFERING SUPERIOR PERFORMANCE, COST-EFFECTIVENESS, AND SUSTAINABILITY COMPARED TO TRADITIONAL DUCTILE IRON (DI) PIPES.
Slide 24: OPVC's Journey in Reshaping Indian Infrastructure
I I CCL OPVC PIPES BUSINESS OPVC's Journey 2017 MILESTONE IMPACT in Reshaping INTRODUCTION of BIS IS First national standard aligning with 16647:2017 for OPVC Pipes ISO 16422, enabling mass production Indian Infrastructure 2018-19 MILESTONE IMPACT Few early manufacturers Industry opens up to a new p
Slide 25: Increasing Acceptance across the Country
CCL CHE FAE ALKALIS LIM1TEL OPVC PIPES BUSINESS Increasing Acceptance across the Country State-wise Year of Acceptance 2017 2018 2019 2021 2022 2023 2024 West Chhattisgarh Bengal #Maharashtra Goa Tamilnadu Karnataka Madhya Kerala Telangana Andhra Pradesh Rajasthan - Assam Pradesh Pondicherry Other K
Slide 26: Growth Drivers – Jal Jeevan Mission
CCL CHE FAE ALKALIS LIM1TEL OPVC PIPES BUSINESS Growth Drivers – Budgetary Allocation Jal Jeevan Mission 2024-25 ₹22,694 crore allocated 2025-26 ₹67,000 crore allocated (against original allocation ₹70,000 crore) Launch & Objectives Yearly Cumulative Progress: HHs provided with tap water supply Laun
Slide 27: Growth Drivers - Jal Jeevan Mission
CHEMFABr:::pl',L LKALI LIMITED OPVC PIPES BUSINESS Growth Drivers - Jal Jeevan Mission Extension and Future Plans Tap water supply in Households (HHs) India As on 15/08/2019 As on 22/03/2025 • Mission extended till 2028 to cover remaining 20% rural households • Focus on improving infrastructure qual
Slide 28: Growth Drivers – AMRUT 2.0
CCL CHE FAE ALKALIS LIM1TEL OPVC PIPES BUSINESS Growth Drivers – AMRUT 2.0 Objectives Driving OPVC Pipes Demand AMRUT 2.0 THE ATAL MISSION FOR REJUVENATION AND URBAN Universal Sewerage TRANSFORMATION (AMRUT) 2.0, LAUNCHED ON 1 OCTOBER 2021, Water Coverage and Septage IS A SIGNIFICANT CATALYST FOR OP
Slide 29: The Backbone of our OPVC Pipes Leadership
CCL CHEMFAB A LKALI LIMITED OPVC PIPES BUSINESS The Backbone of our Scale & Capabilities OPVC Pipes Leadership 4 operational First Indian Highly automated lines (14,000 TPA Manufacturer facility requiring capacity)-India’s producing pipes just 10 permanent Sri City Plant, Andhra Largest upto 630 mm
Slide 30: Our Global Technology Advantage
CCL CHE FAE ALKALIS LIM1TEL OPVC PIPES BUSINESS Our Global Technology Advantage CHEMFAB ALKALIS LIMITED LEVERAGES CUTTING-EDGE TECHNOLOGY FROM GLOBAL LEADER MOLECOR TO PRODUCE HIGH-QUALITY OPVC PIPES, POSITIONING ITSELF AT THE FOREFRONT OF INDIA'S WATER INFRASTRUCTURE REVOLUTION. Key Technological A
Slide 31: Capacity Expansion Roadmap in Sri City
CCL CHE FAE ALKALIS LIM1TEL OPVC PIPES BUSINESS Capacity Expansion Roadmap in Sri City Q4FY26 Operational Line - 07 Q3FY26 Cumulative Capacity (TPA) – 23,000 Operational Line - 06 Q2FY26 Incremental Capacity Cumulative Capacity (TPA) – 3,000 Operational Line - 05 (TPA) – 20,000 2024-25 Capex Incurre
Slide 32: Unit Economics of CAPEX
CCL CHE FAE ALKALIS LIM1TEL OPVC PIPES BUSINESS Unit Economics of CAPEX ►► Unit Economics Strategic Insights of Line Additions Per Line Capacity 2,500-3,000 TPA, depending on size of pipe manufactured Revenue Potential per Line ₹45-50 crore at full utilisation depending on the mix of size of pipe Ra
Slide 33: Historical Segmental Performance
Cp ... CHE FAE ALKALIS OPVC PIPES BUSINESS Historical Segmental Performance OPVC Revenue Profit Before Interest and Tax (₹ IN CRORES) (₹ IN CRORES) FY25 131.45 FY25 31.95 FY24 125.79 FY24 31.47 FY23 38.41 FY23 0.88 FY22 45.84 FY22 -2.59 FY21 46.69 FY21 3.21 Capital Employed Return on Capital Employe
Slide 34: Financial Highlights
05 Financial Highlights Q2FY26 – OCTOBER 2025
Slide 35: Summary of Standalone - Profit & Loss Statement
FINANCIAL HIGHLIGHTS Summary of Standalone - Profit & Loss Statement (₹ IN CRORES) PARTICULARS FY21 FY22 FY23 FY24 FY25 REVENUE FROM OPERATION 180.81 271.59 331.36 327.29 322.09 OPERATIONAL EBITDA 23.41 56.73 112.20 57.62 53.29 EBITDA MARGIN % 12.94% 20.89% 33.86% 17.61% 16.54% OTHER INCOME 1.38 5.6
Slide 36: Summary of Standalone - Balance Sheet
FINANCIAL HIGHLIGHTS Summary of Standalone - Balance Sheet (₹ IN CRORES) PARTICULARS FY21 FY22 FY23 FY24 FY25 ASSETS NON-CURRENT ASSETS 259.94 259.58 289.17 411.56 472.19 NET BLOCK (EXCLUDING ROU) 197.48 187.32 184.17 174.63 242.25 CAPITAL WORK-IN-PROGRESS 4.58 7.32 13.69 57.20 11.70 CURRENT ASSETS
Slide 37: Summary of Standalone - Cash Flow Statement
FINANCIAL HIGHLIGHTS Summary of Standalone - Cash Flow Statement (₹ IN CRORES) PARTICULARS FY21 FY22 FY23 FY24 FY25 CASH FLOW FROM OPERATING ACTIVITIES 45.55 55.18 96.85 52.09 60.92 CASH FLOW FROM INVESTING ACTIVITIES (6.54) (21.29) (51.87) (130.48) (107.16) CASH FLOW FROM FINANCING ACTIVITIES (15.5
Slide 38: Strategic Way Forward
06 Strategic Way Forward Q2FY26 – OCTOBER 2025
Slide 39: Our Blueprint for Sustained Growth
CCL CHE FAE ALKALIS LIM1TEL STRATEGIC WAY FORWARD Our Blueprint for Sustained Growth OPVC Pipes Business Chlor-Alkali Business ® @ @ Optimisation -CAPACITY TECHNOLOGICAL - MARKET - OPERATIONAL EXPANSION IN OPVC EXCELLENCE PENETRATION AND EFFICIENCY PIPES DEMAND VISIBILITY Investing ₹60 crore in • Le
Slide 40: Contact Us – Thank You
CCL %J CHE FAE ALKALIS LIM1TEL +• id I• ,·4 -�� A I. ·� I l 4 , I A 'i d.._ ·J ff ►►► CONTACT US ··,-? d 2$ 1 veg . t .$ $ ! \ ""' ' i 4 ) . e we CHEMFAB ALKALIS LIMITED TIL ADVISORS PRIVATE LIMITED COMPANY SECRETARY Abhishek Mehra & COMPLIANCE OFFICER INVESTOR RELATIONS TEAM House, GST Salai, CONSU