Slide 1: Cover letter to stock exchanges
Date: November 15, 2025 To, To, The Manager The Manager Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Mumbai - 400 051 Mumbai - 400 001 N
Slide 2: Diffusion Engineers Limited - November 2025
DIFFUSI->N DIFFUSION ENGINEERS LIMITED November 2025
Slide 3: Safe Harbor
Safe Harbor This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Diffusion Engineers Limited (DEL) and its group companies’ future business developments and econ
Slide 4: Agenda
Company Overview Business Overview Industry Overview Financial Highlights Way Ahead
Slide 5: Company Overview
DIFFUSI;N Innovative superconditioning solutions Company Overview . 4
Slide 6: About Us
About Us DIVERSIFIED PRODUCT PORTFOLIO TRUSTED PARTNERSHIPS ACROSS INDUSTRIES ▪ Trusted, long-term partnerships with leading ▪ Special welding consumables, wear players across multiple geographies. plates and heavy engineering equipment STRATEGICALLY LOCATED MANUFACTURING FACILITY INCORPORATED IN 19
Slide 7: Vision Mission & Core Values
Vision Mission & Core Values Vision Core Values Dedicated to driving the World’s Engineering progress Reliability with our solutions that transform industries. By building Our promise is our performance. trust and absolute reliability, we aim to be the go-to We show up, follow through, and stand fir
Slide 8: Journey So Far
Journey So Far ▪ Converted from Pvt. Ltd. to Public Ltd. Company ▪ Acquired land (in part) ▪ Acquired land (N-79) for manufacturing for manufacturing ▪ Incorporated as facility at Unit I facility at Unit II Private Limited ▪ Acquired a subsidiary ▪ Acquired land Company Company, Diffusion (Khasra no
Slide 9: Journey So Far
Journey So Far ▪ Established subsidiary Company in Singapore ▪ Incorporation of wholly-owned Diffusion Engineers subsidiary named "Diffusion Singapore Pte Ltd. Engineers Middle East, ▪ Invested in associate ▪ Received domestic order subsidiary in ▪ Acquired land for ▪ Undertook expansion worth Rs. 4
Slide 10: Strong & Experienced Management Team
Strong & Experienced Management Team Mr. Prashant Garg Dr. Nitin Garg Mrs. Chitra Garg Mr. Anil Trigunayat Chairman and Managing Director Non-Executive Director Non-Executive Director Indepedent Director Mr. Sherry Oommen Mrs. Deepali Bendre Mr. Ramesh Kumar N Mr. Abhishek Mehta Independent Director
Slide 11: Key Strengths
Key Strengths SYNERGISTIC BUSINESS MODELS FOCUSED ON SERVING INDUSTRY MAJOR PLAYERS DIRECTLY AS FORWARD INTEGRATION WELL AS THROUGH OEMS ▪ Transitioning from a manufacturer of special welding ▪ Serves a diverse clientele, including both OEMs in the electrodes to producing flux-cored wires, wear plat
Slide 12: Business Overview
DIFFUSI;N Innovative superconditioning solutions a1 Business Overview . av
Slide 13: Business at a Glance
Business a Glance Diffusion Engineers Limited Manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries Used in Industries Cement Steel Power Engineering Sugar Defence Mining Oil & Gas Key Raw Materials include Ferro alloys, Powdered metals lik
Slide 14: Diversified Product Portfolio
Diversified Product Portfolio… Welding and Anti- Heavy Engineering Wear Plate / Wear Parts Trading Wear Consumables Equipment • Special purpose electrodes • Wear Plates • Air Separator • Thermal Spray Powder • Flux cored wires • Wear Parts • High Pressure Grinding Rollers • Welding Equipment • Cold
Slide 15: Welding and Wear Consumables
Welding and Wear Consumables SPECIAL PURPOSE ELECTRODES FLUX CORD WIRES COLD REPAIR COMPOUNDS ▪ A welding electrode is a wire or rod built of ▪ Flux-cored wire is a tubular welding ▪ We manufacture cold repair compounds metal or alloy and has a flux or without flux consumable filled with a flux mixt
Slide 16: Wear Plate Wear Parts
Wear Plate Wear Parts WEAR PLATES WEAR PARTS WELDING SERVICES – JOB WORK ▪ Function and Benefits: Wear plates or abrasion ▪ Customized Wear Parts: We manufacture ▪ Comprehensive Welding Solutions: We resistant plates protect equipment surfaces ready to fit wear parts for quality, cost enhance lifesp
Slide 17: Heavy Engineering Equipment
Heavy Engineering Equipment We specialize in manufacturing and fabrication of heavy engineering equipment for cement, steel, power, sugar, and other core industries. Our dedicated Unit IV in Khapri (Uma), Nagpur – 441501, Maharashtra, ensures high-quality production and precision engineering Tandem
Slide 18: State of the Art Manufacturing Facilities
…With State of the Art – Manufacturing Facilities… Unit I Unit II Unit III Unit IV Unit V Operational since 1994 Operational since 2000 Operational since 2015 Operational since 2016 Commence from Dec. 25 Special Purpose Flux cored wire, Anti-wear Flux cored wires, wear Special purpose welding electr
Slide 19: Strong R&D set up
..with the Strong R&D set up.. 01 DSIR approved R&D facility at Unit I Equipped with laboratory infrastructure for various developmental activities - process refinement, finished products testing and other 02 raw materials analysis We hold accreditation by the National Accreditation Board for Testin
Slide 20: Suite of Marquee Customers
…leading to a Suite of Marquee Customers.. 1 19 9
Slide 21: Strong Global Presence since 1982
…Creating Strong Global Presence since 1982 Manufacturing plant in Nagpur, India Export to other countries We have Tie-ups with over 95 distributors in domestic market and 9 distributors in the overseas market 2 20 0
Slide 22: Industry Overview
DIFFUSI;N Innovative superconditioning solutions a1 industry Overview IY
Slide 23: Welding Consumables Market
Welding Consumables Market Global Welding Consumables Industry ($ billion) ▪ The global welding consumables market size reached USD 17.7 bn in 2024. Looking 26.30 forward, IMARC Group expects the market to reach USD 26.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.49% during 2025-2033 17.7
Slide 24: Wear Plates & Heavy Engineering Market
Wear Plates & Heavy Engineering Market Global Wear Plate Market Indian Wear Plate Market Heavy Engineering Industry in India ($ billion) ($ billion) ($ billion) 300 6.8 46.6 4.5 180 31.5 2024 2034 2024 2033 2024 2032 ▪ The global wear plate market is anticipated to expand from $31.5 bn in ▪ Heavy el
Slide 25: Financial Overview
DIFFUSI‘;N Innovative superconditioning solutions S| Ng fe Financia! Overview IY
Slide 26: Chairman's Message
Chairman’s Message Commenting on the Company’s performance “During the Second quarter ended 30th September 2025, we recorded revenue of ₹835.66 million, EBITDA (excluding other income) of ₹123.67 million and PAT of ₹101.65 million representing an increase of 19.48% over Q2 2024. For the first half o
Slide 27: Standalone Quarterly Performance
Standalone Financial Highlights - Quarterly Revenue from Operations *EBITDA PAT 142.04 135.02 Standalone Quarterly Performance (Rs. In Mn) 120.40 1,008.89 108.78 111.86 99.13 743.15 799.61 85.66 86.54 87.16 735.42 733.72 63.84 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q
Slide 28: 5 Years Standalone Annual Financial Highlights
5 years Standalone Annual Financial Highlights 5 Years CAGR (%) Revenue (Rs. Mn) 26% 3160.07 2440.74 2571.26 16% 16% 1957.58 1523.08 Revenue EBITDA PAT FY21 FY22 FY23 FY24 FY25 *EBITDA (Rs. Mn) EBITDA Margin (%) PAT (Rs. Mn) PAT Margin (%) 12.68% 12.94% 10.68% 14.00% 11.77% 500.00 12.00% 400.00 11.0
Slide 29: Quarterly Financial Highlights - Standalone
Quarterly Financial Highlights - Standalone Rs. in Mn Particulars Q2 FY26 Q2 FY25 Y-o-Y% Q1 FY26 Total Income from Operations 799.61 743.15 7.60% 733.72 • In Q2 FY26, the company has delivered a *Raw Materials 517.17 497.05 489.83 strong set of results, showcasing continued growth and operational ef
Slide 30: Half Year Financial Highlights - Standalone
Half Year Financial Highlights - Standalone Rs. in Mn Particulars H1 FY26 H1 FY25 Y-o-Y% Total Income from Operations 1,533.33 1,415.76 8.30% *Raw Materials 1,007.00 960.67 Employee Cost 223.8 187.85 Other Expenses 104.13 79.11 Total Expenditure 1,334.93 1,227.63 8.74% EBITDA (Excl. Other Income) 19
Slide 31: Consolidated Quarterly Performance
Consolidated Financial Highlights - Quarterly Revenue from Operations *EBITDA PAT Consolidated Quarterly Performance (Rs. In Mn) 130.10 122.64 1,024.48 147.01 101.65 824.67 806.65 835.66 126.82 123.67 791.98 85.07 104.71 105.81 71.00 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1
Slide 32: 5 Years Consolidated Annual Financial Highlights
5 years Consolidated Annual Financial Highlights 5 Years CAGR (%) Revenue (Rs. Mn) 25% 3351.96 2781.45 18% 2548.76 17% 2045.89 1552.63 Revenue EBITDA PAT FY21 FY22 FY23 FY24 FY25 *EBITDA (Rs. Mn) EBITDA Margin (%) PAT (Rs. Mn) PAT Margin (%) 13.97% 14.04% 11.08% 15.00% 13.35% 500.00 12.00% 10.75% 40
Slide 33: Quarterly Financial Highlights - Consolidated
Quarterly Financial Highlights - Consolidated Rs. in Mn Rs. In Mn Particulars Q2 FY26 Q2 FY25 Y-o-Y% Q1 FY26 Total Income from Operations 835.66 824.67 1.33% 806.65 • In Q2 FY26, the company continued to demonstrate its resilience and potential for *Raw Materials 526.80 552.13 527.25 sustained growt
Slide 34: Half Year Financial Highlights - Consolidated
Annual Financial Highlights - Consolidated Rs. in Mn Particulars H1 FY26 H1 FY25 Y-o-Y% Total Income from Operations 1,642.31 1,535.50 6.96% *Raw Materials 1,054.05 1,026.54 Employee Cost 235.60 195.10 Other Expenses 123.17 94.82 Total Expenditure 1,412.82 1,316.46 7.32% EBITDA (Excl. Other Income)
Slide 35: Order Book
Order Book Mar-25 June FY25 Sept FY25 1702.43 1379.85 645.95 265.07 223.71 208.49 121.08 118.31 98.7 Heavy Engineering Wear Plates & Wear Parts Welding Consumables 34
Slide 36: Key Ratios
Key Ratios RoE(%) RoA(%) 18.52% 12.18% 16.86% 10.55% 15.10% 9.93% 9.98% 11.64% 7.02% 9.59% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 RoCE(%) Total Debt to Equity Ratio (X) 0.34 20.63% 17.30% 18.46% 16.24% 0.19 0.2 11.18% 0.18 0.06 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 The decline
Slide 37: Working Capital Analysis (Days)
Working Capital Analysis (Days) Inventory Receivables 85 93 92 72 91 64 67 66 83 82 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Payables Net Working Capital 131 99 97 94 75 72 69 60 55 47 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 36
Slide 38: Thank You
Thank You Company : Investor Relations Advisors : Diffusion Engineers Limited. Adfactors PR Pvt. Ltd. CS Chanchal Jaiswal Mr. Amit Sharma / Mr. Rupesh Rege info@diffusionengineers.com amit.sharma@adfactorspr.com rupesh.rege@adfactorspr.com www.diffusionengineers.com www.adfactorspr.com