Slide 1: Exchange filing cover letter
February 23, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, 14th Floor, PJ Towers, Bandra Kurla Complex, Dalal Street, Mumbai 400051 Mumbai 400001 NSE SYMBOL: SEPC Scrip Code: 532945 Dear Sir/Madam, Sub: Press release titled “SEPC Limited Order Book Scales New P
Slide 2: SEPC Limited Order Book Scales New Peak; ~₹10,455 Crore
SEPC Limited Order Book Scales New Peak; ~₹10,455 Crore Record FY26 Order Inflows Drive Scale Expansion and Establish a Strong, Visible Multi-Year Revenue Pipeline Chennai, February 23, 2025: SEPC Limited (NSE: SEPC | BSE: 532945), one of India’s leading Engineering, Procurement and Construction (EP
Slide 3: About SEPC Limited
The broader infrastructure push and continued industry tailwinds are creating meaningful opportunities, and we are approaching them with discipline and clarity. Our priority remains efficient execution, prudent financial management, and building a resilient business that can sustain growth over the
Slide 4: SEPC Limited
SEPC LIMITED Investor Presentation
Slide 5: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (The “Presentation”), which have been prepared by SEPC Limited solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis
Slide 6: Financial Performance Highlights - Consolidated Q3 FY26 & 9M FY26
SEPC Limited Financial Performance Highlights- Consolidated Q3 FY 26 & 9M FY26 Investor Presentation 3
Slide 7: Q3 FY26 Key Financial Highlights - Consolidated
Q3 FY26 Key Financial Highlights - Consolidated 400 Total Income EBITDA EBITDA Margin % 25 20 Net Profit Net Profit Margin % 7 350 342 55 18 6 20 16 15 300 19% 45 5 14 4% 250 15 12 4 35 30 10 30 3% 200 3 10 8 160 25 9% 150 6 2 4 5 4 15 100 1 2 50 5 0 0 0 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY
Slide 8: Q3 FY26 - Profit & Loss Statement - Consolidated
Q3 FY26 - Profit & Loss Statement - Consolidated All Amount In ₹ Cr & Margins In % Particulars Q3 FY26 Q3 FY25 YoY Revenues 340.97 133.04 Other Income 1.10 26.71 Total Income 342.07 159.75 114.12% Erection , Construction & Operation expenses 298.24 111.82 Employee costs 6.72 8.04 Other expenses 7.45
Slide 9: 9M FY26 Key Financial Highlight - Consolidated
9M FY26 Key Financial Highlight- Consolidated Total Income EBITDA EBITDA Margin % Net Profit Net Profit % 80 80 6 80 80 79 79 79 79 79 85 0 79 78 78 78 78 797 78 78 77 77 77 77 77 77 76 76 76 76 76 76 76 84 75 75 75 75 75 75 74 74 74 74 74 74 73 73 73 73 73 73 72 72 72 85 16 72 72 5% 72 72 71 71 71
Slide 10: 9M FY26 - Profit & Loss Statement - Consolidated
9M FY26 - Profit & Loss Statement - Consolidated All Amount In ₹ Cr & Margins In % Particulars 9M FY26 9M FY25 YoY Revenues 780.67 479.85 Other Income 16.22 40.05 Total Income 796.89 519.90 53.28% Erection, Construction & Operation expenses 651.79 389.45 Employee costs 22.20 24.44 Other expenses 39.
Slide 11: Management's Commentary on Q3 and 9M FY26 Performance
Management’s Commentary on Q3 and 9M FY26 Performance Mr. Venkataramani Jaiganesh, Managing Director “We are encouraged by the consistent progress SEPC continues to deliver across its diversified project portfolio. The period reflects focused execution on ongoing projects, tighter operational contro
Slide 12: SEPC Limited: Complete EPC Solutions. Engineered For Excellence
SEPC Limited: Complete EPC Solutions. Engineered For Excellence SEPC Limited (The Company, SEPC) formerly known as Shriram EPC Limited is a public EPC company specializing in Water & Municipal Services, Roads, Industrial EPC, and Mining. The company offers turnkey solutions including design, procure
Slide 13: SEPC's Performance @ Glance
SEPC’s Performance @ Glance Established In Listed In 60+ Projects Projects Executed Current Order Book: Executed over 2000 2008 Completed Across 14+ States ~₹ 10,455 Cr 28,895.36 Cr worth of water & sewerage projects Tender Reduced working capital debt CRISIL Rating: BB+ for ISO 9001:2015 Team Size
Slide 14: Guided By Purpose: SEPC's Vision & Mission
Guided By Purpose: SEPC’s Vision & Mission Vision: To be a leader in engineering and project implementation with a focus on Water & Infrastructure, Process & Metallurgy and Mining Minerals. Mission: Grow through mutually beneficial associations with customers, technology partners and vendors; • Empo
Slide 15: Promoter Overview: Mark AB Capital Investment LLC
Promoter Overview: Mark AB Capital Investment LLC Backed by a Dubai-based Royal family office, Mark AB specializes in managing stressed assets and driving strategic turnarounds across global markets. Founded: 1998 Headquarters: Dubai, UAE Ownership: Family-owned investment firm AUM: Approx. US$ 4.3
Slide 16: Trusted Leadership: The Backbone Of Success
Trusted Leadership: The Backbone Of Success Mr. Abdulla Mohammad Mr. V Jaiganesh Ibrahim Hassan Abdulla Managing Director Chairman & Non-Executive Director A Qualified Chartered Accountant with a PG He is the CEO of Mark AB Capital Investment, Diploma in International Business and nearly 20 speciali
Slide 17: Core Leadership: Meet The Key Managerial Team
Core Leadership: Meet The Key Managerial Team Mr. Chandrasekharan Sivaprakasam Ramalingam Chief Financial Officer Mr. Thiruppathi Sriraman Company Secretary & Compliance Officer Mr. Arivalagan Dakshnamoorthy Director (Technical) Investor Presentation 14
Slide 18: Corporate Structure: Strategic Entities, Unified Goals
Corporate Structure: Strategic Entities, Unified Goals SEPC LIMITED • SEPC DRS ITPL JV SEPC Arabia Limited- • Shriram Eurotech Environmental Pvt Ltd JV SEPC FZE One Person Company • Mokul Shriram EPC JV • SEPC – Furlong JV Shriram EPC Arkan LLC Oman – Step Down Subsidiary Oman Investor Presentation
Slide 19: Diverse Business Segments Powering Sustainable Growth
Diverse Business Segments Powering Sustainable Growth Industrial Infrastructure EPC Process construction Plants Water & Sewer Road Steel Power Plants Plants EPC under deep shaft Mining Order Book: Order Book: ₹ 1,012 Cr ₹ 6,243 Cr Investor Presentation 16
Slide 20: Delivering Sustainable Water & Sewerage Solutions
Delivering Sustainable Water & Sewerage Solutions Proven EPC Experience: Core Offerings: Key Projects: Strong Track Record: SEPC has over two Drinking Water Projects: ₹127 Cr Chennai Metro Water Completed water and decades of experience Source to household pipeline Project (2013). sewerage projects
Slide 21: Road Infrastructure: Driving Growth Forward
Road Infrastructure: Driving Growth Forward SEPC has executed road projects for MoRTH and aims to leverage this qualification to bid for new projects and expand its road EPC vertical. Revenue Generated From MORTH Road Project (In ₹ Lakhs) Particulars FY 25 FY24 FY23 FY22 Ministry of Road Transport &
Slide 22: Industrial EPC Projects: Built For Performance
Industrial EPC Projects: Built For Performance Steel Plants EPC under deep shaft Mining Domain Expertise: SEPC has extensive experience in • SEPC has expertise in shaft integrated steel plant projects, including sinter sinking and is qualified to plants, coke ovens, wire rod mills, compressors, and
Slide 23: Order Book Snapshot: Driving Operational Flow
Order Book Snapshot: Driving Operational Flow Name of the customer Order Value (In Cr) KUIDFC-Byagdi MOIL- KUIDFC-Byagdi KUIDFC- DWSD- VPRL - Railway Municipal – BUDCO-GAYA JARPL AT Manganese Ore Municipal Davangare BAGHMAR Infrastructure 24 X 7 India Ltd A 13.02 2.74 11.85 57.99 2.42 2,796 198 195
Slide 24: Engineering Excellence: Hutti Mines & Kerala Feeds
Engineering Excellence: Hutti Mines & Kerala Feeds Hutti Gold Mines Project Kerala Feeds Limited, Cattle Feed Plant Investor Presentation 21
Slide 25: Tenders In Pipeline
Tenders In Pipeline Tenders In Pipeline Domestic Tenders: International Tenders: Participated in bids worth ₹ 10,424 Engaged in multiple opportunities Cr currently under evaluation and with promoter support for global approval. expansion. Investor Presentation 22
Slide 26: Domestic Bids – Water: Tapping Growth Opportunities
Domestic Bids – Water : Tapping Growth Opportunities S.N Opportunity Bid value Rs Cr Status / Remarks Water Division Tender opened. Evaluation under progress. WRD Bihar – Nabanagar 140 1 Tender opened. Evaluation under progress 2 WRD Bihar- Nabinagar 150 Tender opened. Evaluation under progress 3 BU
Slide 27: Domestic Bids Submitted – Industrial EPC
Domestic Bids Submitted – Industrial EPC S.N Opportunity Bid – Value Cr Status / Remarks 1 SAIL DSP - RMHS 700 Bid submitted , under evaluation 2 AMNS, Andhra Pradesh - Earthwork 750 Bid submitted , under evaluation 3 SAIL (IISCO) – RMHS 1250 Bid submitted , under evaluation 4 SAIL (IISCO) – Pellet
Slide 28: Tender Pipeline: Expanding Bidding Footprint
Tender Pipeline: Expanding Bidding Footprint Particulars FY26- FY25 FY24 FY23 9M Tender Pipeline Tenders Participated - 9,266 1,784. 3,616. 2,481.00 10 000 70 9266 SEPC 00 00 90 00 64 % Tenders Participated - 4,888. 2,781. - 60 WOS of SEPC 00 00 80 00 6672 Total Tenders Participated 9,266 6,672. 6,3
Slide 29: Revenue Break-up: Domestic Vs Exports
Revenue Break-up: Domestic Vs Exports (In %) (In %) (In %) (In %) Mar’25 FY24 FY23 FY22 0% 0% 0% 34% 66% 100 100% 100 % % I Domestic Exports (In ₹ Cr) Sector Mar’25 FY24 FY23 FY22 Domestic 597.65 560.98 378.84 216.54 Exports - - - 112.91 Total 597.65 560.98 378.84 329.45 Investor Presentation 26
Slide 30: Landmark Projects: Showcasing Execution Excellence
Landmark Projects: Showcasing Execution Excellence Client Description Of Project Water Infrastructure Industrial EPC Drinking Water & BUIDCO Gaya Sanitation department SAIL (Odisha) RINL (AndhraPradesh) (Jharkhand) Water Supply Project- Comprehensive Water Upgradation of Sinter HDPE Pipeline-210 Kms
Slide 31: Landmark Projects: Showcasing Execution Excellence
Landmark Projects: Showcasing Execution Excellence Client Description Of Project Power & New Energy Mineral Processing Suryadev Alloys OPG Limited (Tamil Hutti Gold Mines (Tamil Nadu) Nadu) (Karnataka) 2* 80 MW Thermal Power 77 MW Thermal Power Designing, sinking & lining Plant Plant of vertical sha
Slide 32: National Vision: Catalysts Driving EPC Sector Momentum
National Vision: Catalysts Driving EPC Sector Momentum Industry Highlights Key Growth Drivers Rapid India's construction sector contributes ~9% urbanization: 40% 1 urban population to GDP. by 2030. Growing 2 industrial demand for water infrastructure. Increased public EPC industry is vital for healt
Slide 33: Water & Wastewater Infrastructure: Market Gaps & Demand Drivers
Water & Wastewater Infrastructure: Market Gaps & Demand Drivers Major Market to government & Only ~30% is reach USD Rise in real World Bank- treated; huge 3.7B by 2030, estate and backed programs STP/UGSS growing at industrial parks. under demand. 11%CAGR. implementation. Industry uses Decentralized
Slide 34: Geographical Presence: Pan-India & Beyond
Geographical Presence: Pan-India & Beyond Domestic Projects Executed Across 14+ States Leh Uzbekistan Uttar Pradesh Rajasthan West Bengal Bihar Iraq Saudi Gujarat Arabia UAE Jharkhand Oman Odisha Madhya Pradesh Democratic Tanzania Chhattisgarh Republic of Australia Congo Zambia Maharashtra Andhra Pr
Slide 35: Marquee Clients: Driving Growth Through Strategic Relationships
Marquee Clients: Driving Growth Through Strategic Relationships Ministry of water and irrigation KUIDFC Basra Governorate, Iraq CMWSSB BUIDCO DWSD Tanzania JUIDCO NHAI UP Jal Nigam DJB TWAD BWSSB BUIDCO Kerala Feeds Limited HGML Nationally and Internationally renowned Customer Investor Presentation
Slide 36: Global Expansion: Strengthening International EPC Footprint
Global Expansion: Strengthening International EPC Footprint Cement Manufacturing Plant – Uzbekistan Civil Infrastructure Agreement – Saudi Arabia • Project Size: Over USD 325 million (₹3,200+ Cr) • Project Size: SAR 893 million (~₹2,200 Cr) • Client: JV OHONGORON SEMENT M S LLC • Client: Roshn Infra
Slide 37: Marketing Strategy: Leveraging Government Initiatives & Sectoral Growth
Marketing Strategy: Leveraging Government Initiatives & Sectoral Growth ADB Urban Water Projects: Opportunities in ADB-funded urban water and sewage projects across Tamil Nadu cities. 5 Rural Infrastructure: 5 6 Steel Plant Expansion: Strong potential in rural housing, agriculture, With 143.91 MTPA
Slide 38: Jal Jeevan Mission: Transforming Rural Water Infrastructure
Jal Jeevan Mission: Transforming Rural Water Infrastructure 1. Objective To provide safe and adequate drinking water via house hold tap connections to all rural households by 2024. 2. Core Components • Tap water access • Source sustainability (e.g., rainwater harvesting, greywater reuse) • Water con
Slide 39: Market Insights: India's Growing Water & Wastewater Sector
Market Insights: India’s Growing Water & Wastewater Sector India’s EPC market for water treatment projects grew from USD 1.4 billion in 2021 to USD 1.9 billion in 2024, at a CAGR of 11.4%. EPC sector pivotal to India’s water infrastructure Indian Water & Wastewater Treatment Market 1 modernization.
Slide 40: Debt on Working Capital Strategy: Focused On Sustainable Reduction
Debt on Working Capital Strategy: Focused On Sustainable Reduction Initial Debt Profile (Sept 2022): Debt Reduction Timeline (In Cr) • Fund-based debt stood at ₹907 Cr at the time of Resolution Plan implementation. • ₹350 Cr was infused by promoter and ₹350 Cr converted 907.00 into long-dated NCDs a
Slide 41: Yearly Key Financial Highlights
Yearly Key Financial Highlights (In ₹ Cr) (In ₹ Cr) (In ₹ Cr) Total Income EBITD PA A T 646.02 607.21 22.78 24.84 98.94 -4.90 FY22 FY23 FY24 FY25 72.49 398.88 340.59 FY22 FY23 FY24 FY25 -35.80 -263.70 -46.29 FY22 FY23 FY24 FY25 Investor Presentation 38
Slide 42: Profit & Loss Statement - Consolidated
Profit & Loss Statement- Consolidated (In ₹ Cr) Particulars FY25 FY24 FY23 FY22 Revenues 597.65 560.98 378.85 329.46 Other Income 48.36 46.23 20.03 11.13 Total Income 646.02 607.21 398.88 340.59 Erection, Construction and Operation Expenses 472.57 466.72 319.05 292.50 Employee costs 32.71 32.25 33.4
Slide 43: Balance Sheet - Consolidated
Balance Sheet - Consolidated (In ₹ Cr) Equities & Liabilities FY25 FY24 FY23 FY22 Assets FY25 FY24 FY23 FY22 Equity 1563.66 1409.81 1321.53 971.53 Non Current Assets Other Equity -57.63 -199.55 -235.03 -233.53 Fixed assets 130.08 133.97 109.75 80.63 Non Controlling Interest 1.66 1.62 1.60 1.47 Non C
Slide 44: Stock Data
Stock Data As on 20-02-2026 As on 31-12-2025 NSE: SEPC| ISIN:INE964H01014 Shareholding Pattern Share Price (₹) 8.00 Market Capitalization (₹ Cr) 1,512 26.53% Promoter & Promoter Group No. of Shares Outstanding 1,94,33,22,756 Public Face Value (₹) 10.00 73.47% 52-week High-Low (₹) 16.50-7.70 Share Pe
Slide 45: Core Strengths: Driving Differentiation & Leadership
Core Strengths: Driving Differentiation & Leadership Focus on High- Strong and Proven Project Technical Proficiency: Growth Sectors: Experienced Execution: Leadership: • Successfully completed 7 EPC • Offers advanced, cost- • Strong presence in water, • Led by a seasoned projects in FY24 across wate
Slide 46: Growth Blueprint: Key Strategies Driving Forward Momentum
Growth Blueprint: Key Strategies Driving Forward Momentum Targeting Mid-Size EPC Segment: Promoter-Driven Market Access: • SEPC is focusing on contracts below ₹800 Cr, where • Backed by UAE-based Mark AB Group, offering strong reduced competition offers strategic advantage. financial and market supp
Slide 47: Investment Case: A High-Potential Value Proposition
Investment Case: A High-Potential Value Proposition Diversified EPC Expertise: • SEPC has over two decades of experience executing complex EPC projects across sectors including water, sewerage, roads, mining, power, and steel. 1 • Demonstrates turnkey capabilities with a track record of timely deliv
Slide 48: Thank You
Thank You SEPC Limited Kirin Advisors Private Limited Address: 3rd Floor, ASV Hansa Towers, No. Address: 713-B, Lodha Supremus II, 53/20, Greams Road, Thousand Lights, Wagle Estate, Thane West – 400 Chennai, Tamil Nadu, 600006, India. 604. Phone: 022 4100 2455 Phone: 446 510 5555 Website: www.kirina