E To E Transportation Infrastructure Limited · NSE:E2ERAIL
E To E Transportation Infrastructure — Investor Presentation (January 2026)
35 slides from E To E Transportation Infrastructure's investor presentation, Jan 31, 2026
Slide 1: Exchange filing cover letter
REF:E2ERAIL:STATUT:LODR:2026 January 31, 2026 To, National Stock Exchange of India Ltd. (“NSE Emerge”) Exchange Plaza, 5th floor, Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (E). Mumbai 400 051 Attn: Listing Compliance Dept. Sub.: Investor Presentation Ref: NSE – E2ERAIL / ISIN - INE1CEJ01017
Slide 2: E To E Transportation Infrastructure Ltd. Investor Presentation
E To E Transportation Infrastructure Ltd. Investor Presentation Building India’s Railway Safety, Automation and Integrated Rail Systems Platform
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by E To E Transportation Infrastructure Ltd. (the “Company”) for informational purposes only and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe to any securities of the Company, nor shall it form the
Slide 4: Contents
Contents 1.Company Overview 2.Growth Drivers 3.Financial Performance
Slide 5: E To E Transportation Infrastructure – Business Snapshot
E To E Transportation Infrastructure – Business Snapshot Technology backed Railway Systems Integrator + OEM, Delivering Complex, Safety-critical Rail Solutions System Integrator and OEM Asset-Light, Execution-Focused Model Proven Execution Track Record • End-to-end railway systems integrator with si
Slide 6: Integrated Rail Systems Offerings
Integrated Rail Systems Offerings Across… Signalling And Engineering Design And Telecommunications (S&T) Overhead Electrification (OHE) Private Sidings Research Center (EDRC) Full stack system integration using 25 kV AC OHE Conducting technical and commercial Focus on advancing technical capabilitie
Slide 7: The Value Chain – from Design & Technology to Execution & Maintenance
..The Value Chain – from Design & Technology to Execution & Maintenance Skill Development & Delivery Readiness – Rail Village Strategy & System Conceptualization • Structured training ecosystem for rail engineers 08 01 • Rail system planning and architecture • Safety, signaling and system integratio
Slide 8: Business Verticals & Moats
Business Verticals & Moats B2G B2B VERTICALS • Direct Indian Railways, PSUs and Metros • Private Railway Sidings. BUSINESS • 300+ highly experienced engineers • 70+ highly experienced engineers • System Integration of S&T and Turnkey projects. • Upgradation and Modernization • Margin-led model with
Slide 9: 15 Years of Growth Journey
15 Years of Growth Journey Conversion of Company 2024 from Private Limited to Incorporation of the Public Limited Company Company as Private 2010 Limited Company Achieved Consolidated Revenue of Over100 Crores Chennai Metro Installation and Testing work order received 2021 2025 Incorporation of NOVA
Slide 10: Competitive Strengths
Competitive Strengths Core Capabilities That Drive Safe, Reliable Project Delivery Undertaken diverse categories of projects with an asset light 1 Deep expertise in safety-critical rail systems. 2 Strong in-house engineering and domain capability. 3 model Experienced Board and Key Managerial Personn
Slide 11: Pan India Execution Footprint for Marquee Clientele
Pan India Execution Footprint for Marquee Clientele 65 Clients Spread Over 14 Countries; From The Bustling Metropolises To The Remotest Regions, E2e Rail Has Consistently Demonstrated Its Capability To Execute Projects Of Varying Scales And Complexities With Unmatched Precision.
Slide 12: Demonstrated Track Record - Key Projects Executed
Demonstrated Track Record - Key Projects Executed Successfully completed diverse projects including Railway Signaling And Telecommunication, Railway Electrification, Design, Construction For Railway Tracks, Operation And Maintenance Of The Railway And Urban Transit Projects RITES (Rs. 370 Mn) RITES
Slide 13: Demonstrated Track Record - Financial Performance
Demonstrated Track Record - Financial Performance Revenue from Operations (Rs. Mn) EBITDA* (Rs. Mn) PAT (Rs. Mn) Over FY23 – FY25, the Company has scaled CAGR +37% CAGR +41% CAGR +36% revenues from ~₹135 crore to ~₹251 crore, while 2,508 EBITDA increased from ~₹15 crore to ~₹29 crore 1,702 289 144 a
Slide 14: Promoters and Board of Directors
Promoters and Board of Directors CORPORATE PROMOTERS - PRIVATE EQUITY INDIVIDUAL PROMOTERS: Ventureast Etoe LLP (“VEL”): Management: Mr. Vinay Rao and Mr. Sourajit Mukherjee Backed by the partners of VenturEast, a pioneering investment firm with a multi- decade legacy in technology and infrastructur
Slide 15: Leadership and Management
Leadership and Management Mr. Suresh Maddali Mrs. Srilakshmi Surendran Dr. Aman Jain Chief Financial Officer Company Secretary and Compliance Officer Chief Human Resource Officer Experience: 22 Years Experience: 14 Years Experience: 15 Years Qualification: Fellow Member of the Institute Qualificatio
Slide 16: Key Growth Drivers
SE RAIL Key Growth Drivers
Slide 17: Robust Order Pipeline
Robust Order Pipeline Current Order Book Recent Order Wins of Rs 134.41 Cr (Oct’25 - till Date) (as on Jan 3rd 2026) Rs. 478.33 Cr Zone / Client Project Type Value (Rs. Cr) Execution Period Status ~2x of FY25 Revenue SWR – Mysuru Automatic Signalling (JV) 72.76 30 months Secured B2B B2G EDRC SWR – M
Slide 18: New Product – KAVACH 4.0 (Co-developed with Tata Elxsi)
New Product – KAVACH 4.0 (Co-developed with Tata Elxsi) Wholly-owned Subsidiary: KAVACH 4.0 : Nova Control Tecnologix Private Ltd.; Signed MoU with Tata Elxsi for co-development of KAVACH 4.0 • Indigenous SIL-4 certified Automatic Train Protection (ATP) system. • Prevents Signal Passing at Danger (S
Slide 19: KAVACH: Market Potential, Revenue and Margin Outlook
KAVACH: Market Potential, Revenue and Margin Outlook Company Outlook: Market Outlook: • Locomotive opportunity: ~25,000 locomotives across Indian Railways with an estimated KAVACH is an indigenous train protection system aligned with cost of ~₹70 lakh per loco. national railway safety priorities. •
Slide 20: Business Strategies
Business Strategies 1 2 3 4 Continue to expand Strengthening Diversification geographical Project execution through Product Capitalize growing footprint within through research Design and demand in Railway and beyond India: and development Engineering: infrastructure sector: The company operates Com
Slide 21: Unlocking the Next Phase of Growth
Unlocking the Next Phase of Growth EDRC In-house engineering driving faster execution, cost optimization and margin improvement. Technology-led Railway Systems Integrator NOVA ✓ Signalling & Telecom Deep-tech OEM platform developing safety-critical products including ✓ Overhead Electrification KAVAC
Slide 22: Industry Tailwinds: Quantified Railway Opportunities
Indian Railways allocates approximately Modernisation of signalling and train ₹2.6 lakh crore annually towards network protection systems is a major focus driven expansion, safety upgrades and capacity by safety imperatives and higher traffic enhancement. density. Industry Tailwinds: Automation, dig
Slide 23: Addressable Market Opportunity
Addressable Market Opportunity Key Rail Infrastructure Segments And Growth Dynamics Signalling and Train Protection Systems for mainline railways. Private sidings and industrial rail connectivity. Core safety and control systems for mainline networks. Rail links serving industrial and private facili
Slide 24: Financial Performance
SE RAIL Financial Performance
Slide 25: Revenue Seasonality Backed by Execution Visibility
Revenue Seasonality Backed by Execution Visibility Revenue from Operations (Rs. Mn) PAT (Rs Mn) 2,400-3,000 240-260 232.1 1,589 1,319 1110 919 739 -78 -96 607 383 FY25 FY26 FY23 FY24 FY25 FY26 H1 H2 Projection for H2 H1 H2 Projection for H2 Revenue and Profitability Follow a Predictable Seasonality
Slide 26: Nature Of Our Contracts
Nature Of Our Contracts High revenue CAGR + stage-wise revenue recognition + milestone-based billing = temporary negative operating cash flow. SUPPLY EXECUTION COMMISSIONING COMMENTS Only 80%~ of the supply value Stage 1 80% - - can be billed. Rest 20% can be done after each stage. 90% of the execut
Slide 27: Why Do We Have Temporary Negative Operating Cashflow?
Why Do We Have Temporary Negative Operating Cashflow? Causes Aggressive Growth Strategy Path to Positive Operating Cash Flow • Milestone-based turnkey projects lead to back- • Faster scaling, higher upfront cash outflow • Projects mature and milestones get billed ended billing • Short term pressure
Slide 28: Profit and Loss Statement
Profit and Loss Statement Particulars (Rs. Mn) FY23 FY24 FY25 H1FY26 Revenue from Operations 1,346 1,702 2,508 1,110 Purchase of stock in trade 844 1,160 1,617 797 Changes in inventories of stock in trade -1 1 -13 -85 Employee benefit expense 105 150 239 148 Other expenses 252 196 376 264 EBITDA* 14
Slide 29: Balance Sheet
Balance Sheet Equity & Liabilities (Rs. Mn) Mar-23 Mar-24 Mar-25 Sep-25 Assets (Rs. Mn) Mar-23 Mar-24 Mar-25 Sep-25 Shareholders Funds Non Current Assets Share Capital 1.92 1.92 3.76 124.18 Property, Plant & Equipment 2.91 20.09 36.30 39.29 Reserves and Surplus 569.55 666.68 1156.79 962.81 Capital w
Slide 30: Cashflow Statement
Cashflow Statement Particulars (Rs. Mn) FY23 FY24 FY25 H1FY26 Profit Before Tax 105.7 140.9 184.9 -101.7 Adjustment for Non operating Items 43.0 58.0 113.1 91.8 Operating profit before working capital changes 148.7 198.9 298.0 -9.9 Changes in working capital -138.9 -98.9 -340.0 -346.2 Cash generated
Slide 31: Message from CEO
Message from CEO Mr. Sourajit Mukherjee Whole-time Director & CEO E To E Transportation Infrastructure Limited “As we look ahead, our focus remains on building a resilient, future-ready rail platform anchored in execution excellence and quality-led growth. This disciplined approach underpins sustain
Slide 32: Aligning ESG with Rail Safety Outcomes
Aligning ESG with Rail Safety Outcomes The company’s core offerings align with rail How core offerings drive safety, efficiency and KAVACH and automation systems directly safety enhancement, energy efficiency and infrastructure modernization reduce accident risk and improve network public infrastruc
Slide 33: CSR Activities
CSR Activities Building Skills, Supporting Communities, Creating Sustainable Impact Community & Social Infrastructure CSR initiatives also included contributions CSR Expenditure (₹ lakh) towards providing access to safe drinking Skill Development & Employment water in government schools located in e
Slide 34: Initial Public Offering
Initial Public Offering IPO Details • The company was successfully listed on NSE Emerge (SME platform) on 2nd January 2026 Price, Face Value and Lot Size • Raised Rs. 84.22 crore through a fresh issuance of 48,40,000 equity shares • Price Band: ₹164 to ₹174 • Utilization Proceeds: per equity share ✓
Slide 35: Thank You
Thank You For further information, please contact: Ms. Srilakshmi Surendran Company Secretary & Compliance Officer E TO E Transportation Infrastructure Limited Email: srilakshmi.surendran@etoerail.com Phone: +91-9972317017 Ankit Jain | Shruti Vasani Stellar IR Advisors Pvt. Ltd. Email: ankit@stellar
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