Vishnusurya Projects & Infra Limited · NSE:VISHNUINFR
Vishnusurya Projects & Infra — H1FY26 Earnings Presentation
44 slides from Vishnusurya Projects & Infra's earnings presentation, Nov 12, 2025
Slide 1: NSE covering letter for investor presentation
(Formerly Vishnusurya Projects and Infra Private Limited) CIN: L63090TN1996PLC035491 GST No: 33AADCS0735L1ZF Date: 12.11.2025 TO, LISTING DEPARTMENT NATIONAL STOCK EXCHANGE OF INDIA LIMITED EXCHANGE PLAZA, PLOT NO. C/1, G BLOCK, BANDRA-KURLA COMPLEX BANDRA (E), MUMBAI-400051 NSE Symbol: VISHNUINFR S
Slide 2: Letter to Shareholder
(Formerly Vishnusurya Projects and Infra Private Limited) CIN: L63090TN1996PLC035491 GST No: 33AADCS0735L1ZF Letter to Shareholder We write to you at a pivotal moment—one of reflection, consolidation, and forward momentum. As we present the financial results for H1FY26, we are pleased to share not j
Slide 3: Letter to Shareholder (continued)
(Formerly Vishnusurya Projects and Infra Private Limited) CIN: L63090TN1996PLC035491 GST No: 33AADCS0735L1ZF to prioritize infrastructure as a key growth engine, our company stands well-positioned to capitalize on the emerging opportunities. In alignment with national priorities, Vishnusurya is unde
Slide 4: Vishnusurya Projects and Infra Limited H1FY26
VISHNUSURYA PROJECTS AND INFRA LIMITED Investor Presentation H1FY26
Slide 5: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vishnusurya Projects and Infra Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 6: Company Overview, Strategic Updates, Financials, Annexure
Company Overview Strategic Updates Financials Annexure
Slide 7: Company Overview
Company Overview
Slide 8: Powering Growth through M-Sand, Construction Aggregates, and Infrastructure Excellence
Vishnusurya: Powering Growth through M-Sand, Construction Aggregates, and Infrastructure Excellence Building Blocks of Vishnusurya Key Business Segments: • Production of M-Sand and Construction Aggregates 28+ 37+ • Construction and Infrastructure (EPC) • Municipal Solid Waste Management Years of Pro
Slide 9: H1FY26 Key Highlights
H1FY26 Key Highlights Revenue EBITDA PAT Capex Net debt Rs 168 crores Rs 37 crores Rs 25 crores Rs 8.5 crores Rs 42 crores after reducing fixed deposits (H1FY26) (H1FY26) (H1FY26) (H1FY26) (H1FY26) Bagged a Rs 2,217 crore Key Entry into waste Order Win to build Benzol contract (in Consortium)for Hig
Slide 10: Landmark Project: 60 MLD Seawater Desalination Plant at Tuticorin
Landmark Project: 60 MLD Seawater Desalination Plant at Tuticorin Consortium: VishnuSurya Projects & Infra Ltd (10% stake), JWIL Infra, IDE Technologies Order Value to VPIL: ₹220 crore | Total Project Value: ₹2,217 crore Awarding Agency: SIPCOT (State Industries Promotion Corporation of Tamil Nadu L
Slide 11: Vishnusurya Secures Major Infrastructure Win
Vishnusurya Secures Major Infrastructure Win Turnkey contract awarded for Chennai's transformative desalination transmission pipeline project Project Scope Awarding Agency Supply, erection, and commissioning of high-capacity MS pipelines for Chennai JWIL Infra Limited Metropolitan Water Board's 400
Slide 12: Order Secured: Benzol Storage Facility for SAIL
Order HosurSecured Mine:To Build Benzol Storage Unlocking Facility for SAIL Opportunity Order Secured: 01 Benzol Storage Facility Construction for SAIL Bokaro Value: ₹23.6 Crores | Timeline: 12 Months Client: Gorantla Geosynthetics Ltd Scope: 02 Replacement & construction of Benzol Recovery Plant
Slide 13: Diversified Business Model
Diversified Business Model RESILIENT BUSINESS MODEL Production of M-Sand and Construction Aggregates Infrastructure Infrastructure Waste Management (Charnockite) Core Emphasis on the production of Integrated waste Processing and Bio Construction of roads, highways, water high-quality M-Sand and Cons
Slide 14: Production of M-Sand and Construction Aggregates
Production of M-Sand and Construction Aggregates: Delivering High-Quality Materials Focus on extraction of high-quality Blue metal Rigorous Process Details of Facilities in Tamil Nadu Land 1.Aruppukottai Unit, Virudhunagar District Acquisition The Company owns around 110 acres of land Crusher Plan
Slide 15: Owned Mines; Capacity Utilized over the years
Owned Mines; Capacity Utilized over the years Arupukottai - Metso Plant Arupukottai – M Sand CDE 71% 79% 81% 73% 32% 54% 59% 70% 52% 40% *MT *MT 7,76,120 7,91,050 6,92,750 7,10,046 2,60,000 1,83,123 1,53,950 1,34,958 3,14,849 1,03,120 FY 22 FY 23 FY 24 FY25 H1FY26 FY 22 FY 23 FY 24 FY25 H1FY26 FY 22
Slide 16: EPC Competencies
EPC Competencies *Rs Cr The Extension work of NH-48 (Chennai – 1 Bangalore) Highway is Vishnusurya’s Marquee EPC Project The company has executed more than Rs 390+ 56.50% 2 crores worth of EPC Projects till date 185 56.06% 131 55% 44.60% The company had Zero backlog in EPC project 42.50% 93 3 execut
Slide 17: EPC Competencies
EPC Competencies Water Experienced in Water Management Projects with TWAD, Jal Jeevan mission and AMRUT 2.0, Irrigation Projects Marine & Handles construction of Auction hall, ponds, landing center , Maritime breakwaters, groynes, jetty works etc. Roads & Bridges Experienced in handling roads and co
Slide 18: Tapping New Opportunities: Waste Management
Tapping New Opportunities : Waste Management Integrated Waste Bio Mining Processing This consists of Legacy Treating the legacy waste and Wet waste waste by segregation processing and processing and then extracting The company has metals. made a topline of ~Rs Some of the notable 5 crores in
Slide 19: Strong Growth Trajectory: Revenue 4x in 5 years
Strong Growth Trajectory : Revenue 4x in 5 years Key Revenue Growth Drivers Volume Growth: The increase in revenue from M-sand and Improved Realizations: Revenue growth was further aided by favorable construction aggregates was primarily driven by higher production Revenue •pricing from Sale of grav
Slide 20: Strategic Updates
Strategic Updates
Slide 21: Order Book Analysis as on 30th September 2025
Order Book Analysis as on 30th September 2025 Total Order Book as on 30th September 2025 stands at Rs. 526.83 Cr Order Book as on 30th September 2025 New Order Received in H1 FY 26 Marine & Railway Projects Maritime Infra Municipal Solid Waste Management 2% 3% 10% Storm Water Railway Drains Project…
Slide 22: Creating Superior Shareholders Value
Creating Superior Shareholders Value *Times *Rs Cr 0.84x 0.88x 0.59x 48 49 0.28x 0.13x 37 32 FY 21 FY 22 FY 23 FY 24 FY 25 Net debt to Equity 24% *In % 12 8 21% 21% 22% 18% 13% 34% 21% 19% FY 21 FY 22 FY 23 FY 24 FY25 H1FY26 17% 8% EBITDA EBITDA Margins FY 21 FY 22 FY 23 FY 24 FY 25 ROCE (Post Tax)
Slide 23: Comfortable Debt Repayment Schedule
Comfortable Debt Repayment Schedule Debt Repayment Schedule *Rs Cr Bank Guarantee Limits 22.9 Vishnusurya has a sanctioned Bank Guarantee limit of Rs15 9.3 crore, enhancing its ability to support project 5.73 execution and contractual obligations FY 25 FY 26 FY 27 Gross Debt as on 30th September 202
Slide 24: Strengthening Balance Sheet
Strengthening Balance Sheet *Rs Cr Working Capital Days Net Worth *Days 158 50 45 40 131 40 35 33 30 28 24 25 20 17 56 15 37 10 10 8 6 4 15 5 0 FY 23 FY 24 FY25 FY 21 FY 22 FY 23 FY 24 FY 25 Receivable Days Inventory Days Payables Days FY 21 FY 22 FY 23 FY 24 FY 25 The Working Capital is mostly bloc
Slide 25: Focus on Infrastructure Projects
Focus on Infrastructure Projects Achievements Marquee Projects o Company has booked income of ~Rs o NHAI - NH48 Chennai to Bangalore 390+ Cr from EPC projects till date. Highway o Most projects have been executed in Tamil o Construction of station & track laying Nadu, focusing on construction, roads
Slide 26: Expanding Geographies and Resource Base
Expanding Geographies and Resource Base Strong Presence in Tamil Nadu - 3 State of the art manufacturing facilities - Aruppukottai , Vandavasi and Hosur Diversification: Focus is on sustainable growth and risk mitigation through diversification of our business activities Strategic Expansion: Strateg
Slide 27: Major Infrastructure & Water Supply Projects Pipeline in Tamil Nadu (1/3)
Major Infrastructure & Water Supply Projects Pipeline in Tamil Nadu (2026–2031)(1/3) PORT ROADS AIRPORTS Investment Investment Investment Project Project Project Customers (Approx) INR in Customers (Approx) INR in Customers (Approx) INR in Details Details Details Crores Crores Crores Ship Building Y
Slide 28: Major Infrastructure & Water Supply Projects Pipeline in Tamil Nadu (2/3)
Major Infrastructure & Water Supply Projects Pipeline in Tamil Nadu (2026–2031)(2/3) Customers Project Details Investment (Approx) INR in Crores CWSS to Dindigul corporation, Chinnalapatti, Sevaganpatti town panchayats and 425 rural TWAD 685 habitations TWAD CWSS to 216 rural habitations in Namakkal
Slide 29: Major Infrastructure & Water Supply Projects Pipeline in Tamil Nadu (3/3)
Major Infrastructure & Water Supply Projects Pipeline in Tamil Nadu (2026–2031)(3/3) Investment Total Project Customers Details (Approx) INR in Crores Investments Phase 1: CMRL Poonamallee to 8,779 19,000 Sunguvarchatram 30,000 Phase 2: CMRL Sunguvarchatram to 7,127 METRO RAIL Sriperumpudur 15,906 I
Slide 30: Outlook for FY26
Outlook for FY26 Revenue Guidance o Rs 375 Crores EBITDA Guidance o Rs 72 Crores Expected Order Inflow o Rs 350 Crores PAT guidance o Rs 45 Crores Capex guidance o Rs 6 to 7 Crores 27
Slide 31: H1FY26 Financial Highlights
H1FY26 Financial Highlights
Slide 32: Financial Highlights
Financial Highlights *Rs Cr Half Yearly Revenue EBITDA PAT 168 139 25 22 37 32 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 PAT Yearly Revenue EBITDA 271 232 48 2% 49 28 6% 29 FY24 FY25 FY24 FY25 FY24 FY25 29
Slide 33: H1FY26 Highlights
H1FY26 Highlights Rs Cr Particulars H1FY26 H1FY25 Y-o-Y H2FY25 H-o-H FY25 FY24 Net Sales 168 139 21% 132 28% 271 232 Total Expenses 131 107 7% 117 (2%) 222 184 Other Income 0.67 0.31 117% 0.45 50% 1 1 EBITDA 37 32 16% 17 126% 49 49 EBITDA Margin (%) 22% 23% (90 bps) 13% 966 bps 18% 21% Depreciation
Slide 34: Historical Income Statement
Historical Income Statement Rs Cr Particulars FY22 FY23 FY24 FY25 H1FY26 Net Sales 76 132 232 271 168 Total Expenses 61 100 184 222 131 Other Income 20 1 1 1 0.67 EBITDA 16 32 48 49 37 EBITDA Margin (%) 21% 24% 21% 18% 22% Depreciation 4 7 7 6 3 Finance Costs 2 4 3 4 3 PBT 30 22 39 39 32 Tax 8 5 11
Slide 35: Balance Sheet
Balance Sheet Rs Cr Liabilities FY22 FY23 FY24 FY25 H1FY26 Assets FY22 FY23 FY24 FY25 H1FY26 Non-Current Assets 52 52 105 129 132 Total Equity 37 56 131 158 180 Property, Plant and Equipment 42 47 45 46 51 Share Capital 5 9 25 25 25 Capital WIP 2 1 0 1 0 Other Equity 32 47 107 134 156 Non-current in
Slide 36: Annexure
Annexure
Slide 37: Modern Fleet of Equipment
Modern Fleet of Equipment S.No Name of Equipment /Vehicle Nos 1 QC Asset 4 2 Air Compressor 7 3 Bore Motor 7 4 Crushing & Screening Machine 2 5 CDE Machine 2 6 Drilling machine 5 7 Generator 6 8 Hydraulic Excavator 12 9 Front Loader 1 10 Fuel Tanker 3 11 Control Panel 1 12 Dewatering Motor 4 13 Rock
Slide 38: Sectoral Tailwinds: Govt's focus on Infra Sector
Sectoral Tailwinds: Govt’s focus on Infra Sector Production of M-Sand and Infrastructure Sector Construction Aggregates Sector › The government plans to monetize assets worth › Rs 11.21 lakh crores has been allocated for capital Rs.28,727 crore in the mining sector over 2022-25 expenditure in the Un
Slide 39: Marquee Clients
Marquee Clients NHAI SPK Group Concrete OEM KNR Constructions L&T Govt of Tamil Nadu Fisheries Department Indian Cements JWIL RDC SPL Adani Cement 36
Slide 40: Board Of Directors
Board Of Directors V Sanal Kumar A C Thangam S.Neelakantan B Ramana Kumar Maya S Sinha Ritesh Nair Director & CEO Executive Director Non Executive Director Independent Director Independent Director Independent Director Sanal Kumar, a Chartered A C Thangam, Executive S. Neelakantan, a Chartered Raman
Slide 41: Key Management People
Key Management People V Sanal Kumar Mr. A Sampath Ravikumar Sonali Sarangi Director & CEO Chief Operating Officer CFO CS and Compliance Officer Sanal Kumar, a Chartered Seasoned infrastructure He has finance experience as Ms. Sonali Sarangi is an Accountant with 20 years of veteran with 40+ years of
Slide 42: Head of Departments
Head of Departments Mr. Anil Kumar V. Radhakrishnan Praveen Kumar Gorantla K. Nellaiappan Head – Rail & Road Projects Head – Marine Projects Consultant - Waste Management Head – Business Development Projects A 32+ years veteran in heavy Experienced Civil Engineer Civil Engineer with an MBA and Succe
Slide 43: Strategic Consultants
Strategic Consultants R N Jayaprakash V Manoharan P Manogaran Strategic Advisor Consultant (Mining Division) Consultant (EPC Division) Mr. R.N. Jayaprakash, a first- generation entrepreneur and With three decades of senior Mr. P. Manogaran, a retired founder of the Agni Group, has management experie
Slide 44: Company Contact
Sonali Sarangi (CS) COMPANY cs@vishnusurya.com CONTACT Address: Agni Business Centre, No. 24/46, Fourth Floor KB Dasan Road, Alwarpet, Chennai – 600 018. INVESTOR RELATION CONTACT Saloni Ajmera Selina Sheikh Go India Advisors Go India Advisors saloni@goindiaadvisors.com selina@goindiaadvisors.com +9
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