Hrs Aluglaze Ltd. · BSE:HRS
Hrs Aluglaze — FY2026 Earnings Presentation
38 slides from Hrs Aluglaze's earnings presentation, May 23, 2026
Slide 1: Submission of Investor Presentation to BSE
Date-23-05-2026 To, The General Manager, Department of Corporate Services, BSE Limited, P.J. Towers, Dalal Street, Mumbai – 400 001 Ref: HRS | Scrip Code: 544656 | ISIN: INE1E1V01017 Subject: Submission of Investor Presentation for the Half Year and Financial Year Ended March 31, 2026 (FY26) Dear Si
Slide 2: HRS Aluglaze Ltd Investor Presentation - FY26
HRS ALUGLAZE LTD C r e a t i n g L a n d m a r k s To g e t h e r Investor Presentation - FY26
Slide 3: Agenda
Agenda 01 Executive Summary 02 About HRS Aluglaze Limited 03 Competitive Moats 04 Business Process 05 Investment Rationale 06 Historical Business Performance 07 Select Financial Statement Data 08 Annexures
Slide 4: Executive Summary FY26
Executive Summary FY26 Revenue From Operations Return on Equity* Cash Conversion Cycle ₹ 67.5 Cr. YoY +60.4% 13.5% vs 25.6% in FY25 340 YoY +155 days EBITDA Return on Capital Employed* Working Capital days ₹ 17.9 Cr. YoY +67.6% 14.0% vs 15.9% in FY25 158 YoY +183 days EBITDA Margin Debtor Days Net D
Slide 5: Agenda
Agenda 01 Executive Summary 02 About HRS Aluglaze Limited 03 Competitive Moats 04 Business Process 05 Investment Rationale 06 Historical Business Performance 07 Select Financial Statement Data 08 Annexures
Slide 6: About HRS Aluglaze Limited
About HRS Aluglaze Limited From a Regional Fabricator to a Publicly Listed Façade Solutions Company 2.7% 0.7% 3.4% • HRS Aluglaze doesn’t just assemble; we own the process. By bringing everything in- house, from bespoke design engineering to automated powder coating, we have eliminated the third-par
Slide 7: Key Projects - Commercial
Key Projects - Commercial Rajyash One Vishwanath Builders Ozone Trogon Twin Towers Architect : Studio Aesthetics Architect : Morpho Genesis Architect : HM Associates PMC : Team PMC PMC : Masters PMC PMC : ShilpShree PMC Façade Consultant : FES Façade Consultant : RSM Design Solution Façade Consultan
Slide 8: Key Projects - Residential
Key Projects - Residential Riviera Prestige Riviera Majestica Riviera Palacio Architect : ADS Architect Pvt Ltd. Architect : Apurva Amin Architect. Architect : Apurva Amin Architect. Product Type: 29mm Euro Siding windows, Product Type: Schuco Siding windows, Product Type: Schuco Siding windows, gla
Slide 9: Our Journey: Building Scale, Expanding Horizons
Our Journey: Building Scale, Expanding Horizons Expanded Rajoda facility, Set HRS Aluglaze listed in Dec’25 and Incorporated on March Company entered up uPVC production line and established a subsidiary called 30, 2012, as HRS Aluglaze Hyderabad market. established powder coating Geotrix Pvt. Ltd. t
Slide 10: Geographical Presence and Marquee Clients
Geographical Presence and Marquee Clients Geographical presence Marquee Clients Clients Gujarat West Bengal Architects Maharashtra Telangana Tamil Nadu Contractors 9
Slide 11: Industry Leading Certifications
Industry Leading Certifications This is to Certify that the Management System of HRS ALUGLAZE LIMITED REGISTERED OFFICE : 601, W-1 COMPLEX, INSIDE NEW YORK TIMBER, AHMEDABAD-380015,GUJARAT,INDIA WORKS : PLOT NO. 2, OLD SURVEY NO. 809/1, 810, 951, BAVLA -SANAND ROAD, GRAM RAJODA, TAKULA BAVLA, DISTRI
Slide 12: Product Offerings
Product Offerings Curtain Walls and Cladding and Doors and Windows Structural Glazing Dynamic Façades Manufactures and installs Facade systems feature Provides custom designed comprehensive aluminium and advanced glass and aluminium cladding solutions and uPVC window and door systems integration des
Slide 13: Product Offerings
Product Offerings Material Supply and Glass Railings, Partitions, Procurement Support Louvers, and Screens Provides material supply and Delivers seamless interior procurement support to clients and exterior systems, offering undertaking independent safety, transparency, and fabrication or installati
Slide 14: Board of Directors
Board of Directors Rupesh Pravin Shah Pinky Rupesh Shah Hrishikesh Rupesh Shah Promoter & Managing Director Promoter & Executive Director Promoter & Executive Director • Experience: 35+ years • Experience: 13+ years • Experience: 4+ years • Expertise: Operations, Procurement & Distribution • Experti
Slide 15: Key Management Personnel
Key Management Personnel Ashish Ram Jadhav Arun Singh President – Facades General Manager – Facades • Experience: 35+ years • Experience: 15+ years • Expertise: Manufacturing, Fabrication & Project • Expertise: Operations, Project planning & client management engagement Samir Kantilal Oswal Anil Gag
Slide 16: Agenda
Agenda 01 Executive Summary 02 About HRS Aluglaze Limited 03 Competitive Moats 04 Business Process 05 Investment Rationale 06 Historical Business Performance 07 Select Financial Statement Data 08 Annexures
Slide 17: Competitive Moats
Competitive Moats Operational Formidable Entry Excellence Barriers • Zero external dependence, full • Regulatory moats, MSME ZED backward integration bronze & ISO certifications (automated coating, uPVC) secure premium "Green" building eliminates third-party bids. bottlenecks. • Advanced Automation:
Slide 18: Structural Cost Leadership
Structural Cost Leadership Structural Cost Advantage OpEx Reduction Margin Resilience Tariff Hedge A 422 kW captive solar power Significantly lowers electricity- Lower structural energy costs In-house renewable capacity plant and integrated in-house related expenses in highly protect EBITDA margins
Slide 19: Operational Excellence
Operational Excellence Typical Industry Model HRS Model Outsourced finishing In-house powder coating Critical post-fabrication processes that Captive finishing facility ensuring quality directly impact quality and delivery timelines. consistency and execution control. Vendor dependency Full control
Slide 20: Formidable Entry Barriers
Formidable Entry Barriers ZED Bronze Certified Preferred Green Partner MSME ZED (Zero Defect Zero Recognized partner for ESG- Effect) bronze certification focused and environmentally from ministry of MSME. compliant projects. Quality Assurance Certified Advantage Validated manufacturing and ZED stat
Slide 21: Client Integration & Retention
Client Integration & Retention In-house design optimization and cost-efficiency "Value Engineering" Consulting consulting to developers. Deep integration into the client's early planning and High Switching Costs design phases positions. Deep-rooted, long-term relationships with the country's Endurin
Slide 22: Agenda
Agenda 01 Executive Summary 02 About HRS Aluglaze Limited 03 Competitive Moats 04 Business Process 05 Investment Rationale 06 Historical Business Performance 07 Select Financial Statement Data 08 Annexures
Slide 23: Process Flow
Process Flow Project inquiries are evaluated Post design approval, material through preliminary cost estimates requirements are planned and and concept designs, with value procured through an integrated engineering to ensure cost- system to ensure timely availability efficient solutions. aligned wit
Slide 24: Process Flow
Process Flow Components are assembled under stringent quality controls On-site installations are carried to ensure accuracy and product out under managerial and integrity, supported by regular safety supervision to ensure workforce training. quality and compliance. Precision Manufacturing Dispatch a
Slide 25: Agenda
Agenda 01 Executive Summary 02 About HRS Aluglaze Limited 03 Competitive Moats 04 Business Process 05 Investment Rationale 06 Historical Business Performance 07 Select Financial Statement Data 08 Annexures
Slide 26: Investment Rationale
Investment Rationale Integrated Renewable Energy Capacity Expansion Diversified Product Manufacturing & Integration Supporting Supporting Next Growth Portfolio with Multi- Execution Model Cost Efficiency Phase State Presence • ~11,176 sq. m fabrication facility with in- • Installation of 1,000 kWp S
Slide 27: Agenda
Agenda 01 Executive Summary 02 About HRS Aluglaze Limited 03 Competitive Moats 04 Business Process 05 Investment Rationale 06 Historical Business Performance 07 Select Financial Statement Data 08 Annexures
Slide 28: Historical Business Performance (1/3)
Historical Business Performance (1/3) Revenue from Operations (₹ Cr.) EBITDA (₹ Cr.) PAT (₹ Cr.) 17.9 10.2 67.5 42.1 10.7 5.1 26.7 3.5 1.6 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Gross Margin (%) EBITDA Margin (%) PAT Margin (%) 26.6% 15.1% 54.2% 25.4% 52.9% 12.2% 13.2% 6.0% 47.5% FY24 FY25 FY2
Slide 29: Historical Business Performance (2/3)
Historical Business Performance (2/3) Debtor Days Creditor Days Inventory Days 398 114 224 96 175 294 154 62 145 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Cash Conversion Days Working Capital Days Cash Flow from Operations (₹ Cr.) 3.9 1.5 340 -11.1 158 185 32 -33 -25 FY24 FY25 FY26 FY24 FY25 FY26
Slide 30: Historical Business Performance (3/3)
Historical Business Performance (3/3) Net Debt to Equity Return on Equity* Return on Capital Employed* 2.4 x 25.6% 15.9% 14.0% 1.9 x 16.1% 9.7% 13.5% 0.5 X FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Completed Projects (Nos.) Total Workforce (Nos.) CapEx in Fixed Assets (₹ Cr.) 65 70 58 24.0 24.1 1
Slide 31: Agenda
Agenda 01 Executive Summary 02 About HRS Aluglaze Limited 03 Competitive Moats 04 Business Process 05 Investment Rationale 06 Historical Business Performance 07 Select Financial Statement Data 08 Annexures
Slide 32: Income Statement
Income Statement ₹ crores unless otherwise mentioned Particulars H2FY26 H2FY25 YoY change (%) FY26 FY25 YoY change (%) Revenue from operations 41.2 21.8 89% 67.5 42.1 60% Cost of materials consumed 21.3 11.9 79% 31.8 19.3 65% Employee benefits expense 3.3 2.1 57% 6.0 3.8 58% Total operating expenses
Slide 33: Balance Sheet
Balance Sheet ₹ crores unless otherwise mentioned Assets FY26 FY25 Property, plant & equipment 45.4 46.1 Capital work-in progress 15.6 0.4 Long Term loans and advances 9.2 1.8 Inventories 34.6 15.5 Trade receivables 17.7 13.2 Cash and bank balance 0.1 0.1 Short-term loans & advances 2.1 2.1 Other cu
Slide 34: Cash Flow Statement
Cash Flow Statement ₹ crores unless otherwise mentioned Particulars FY26 FY25 Profit / (Loss) before tax 13.8 6.9 Depreciation & amortization expenses 1.9 1.4 Other Adjustments 2.3 2.5 Trade and Other Receivables -6.3 -9.0 Trade Payables and other Payables -1.1 12.6 Inventories -19.1 -10.0 Income Ta
Slide 35: Agenda
Agenda 01 Executive Summary 02 About HRS Aluglaze Limited 03 Competitive Moats 04 Business Process 05 Investment Rationale 06 Historical Business Performance 07 Select Financial Statement Data 08 Annexures
Slide 36: IPO Proceeds Utilizations
IPO Proceeds Utilizations As of 31st March, 2026 (In crores) Particulars Proposed Utilisation Funds Utilisation Funding capital expenditure to set up assembly & glass glazing line at 18.3 11.4 Rajoda, Ahmedabad for façade work Funding of working capital requirements of the Company 19.0 18.5 General
Slide 37: Industry Growth Drivers
Industry Growth Drivers Renewable Energy Integration Supporting Cost Efficiency Building Energy Percentage of Load Total Energy The façade and fenestration industry, once viewed as a finishing trade, has evolved into a critical component of modern infrastructure. Today, energy efficiency, sustainabi
Slide 38: Thank You
Thank You For any further information / factory visit request, please contact: Company Investor Relations Consultant HRS Aluglaze Ltd Capital Bridge Advisory Service Private Ltd info@hrsaluglaze.com Rishi Kothari Krisha Anandpara rishi@capbridge.in krisha@capbridge.co.in +91 - 82388 85414 +91 - 8485