Slide 1: Exchange filing cover letter for investor presentation
M&B Engineering Ltd. Registered Office: ‘MB House', 51, Chandroday Society, Stadium Road, Naranpura, Ahmedabad - 380 014, Gujarat, India CIN: L45200GJ1981PLC004437 I T: +91 79 2640 5563/ 2646 1314 | E: info@mbphenix.com / info@mbproflex.com 9th February, 2026 To, To National Stock Exchange of India
Slide 2: Investor Presentation Q3 & 9M FY26
Investor Presentation Q3 & 9M FY26 9 February 2026
Slide 3: Safe Harbor
Safe Harbor This presentation may contain certain forward-looking statements relating to M & B Engineering Limited (“M&B”, or “Company””) and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the
Slide 4: Table of Content
Table of Content 1 M&B – in a snapshot 2 Performance Highlights – Q3 & 9M FY26 3 Company Overview 4 Growth Strategies 5 Appendix 3
Slide 5: M&B – in a snapshot
M:8 ENGINEERING -ina snapshot
Slide 6: M&B – One of India's leading Pre-Engineered Buildings
M&B – One of India’s leading Pre-Engineered Buildings (PEB^); Redefining India’s construction landscape through PEBs Integrated manufacturing partner offering design-led manufacturing solutions through strategically located facilities at Sanand (Gujarat) and Cheyyar (Tamil Nadu) for Pre-Engineered B
Slide 7: Performance Highlights – Q3 & 9M FY26
Performance Highlights – Q3 & 9M FY26
Slide 8: Message from the Management
Message from the Management • During Q3FY26, M&B delivered revenue from operations of ₹352 crore, a 7% YoY growth. • During 9MF26, M&B delivered revenue from operations of ₹896 crore, a strong 33% YoY growth. • The company achieved highest ever quarterly and nine-month consolidated revenue. • Consol
Slide 9: Q3 & 9M FY26 – Delivered highest revenue for the quarter and nine months
Q3 & 9M FY26 – Delivered highest revenue for the quarter and nine months RS. CRORES Q3FY26 Revenue from Operations EBITDA & EBITDA % PAT & PAT % 7.1% 352 29.6% 44 43.8% 25 34 18 328 10.2% 12.4% 5.4% 7.3% Q3-25 Q3-26 Q3-25 Q3-26 Q3-25 Q3-26 9MFY26 Revenue from Operations EBITDA & EBITDA % PAT & PAT %
Slide 10: Increasing order inflows underscore multi-industry growth
Increasing order inflows underscore multi-industry growth and rapid adoption of new construction format M&B’s Consolidated Order Inflow 1,201 Cr 278 Cr 395 Cr 480 Cr 1,152 Cr 10% 6% 14% 28% 53% 65% 68% 65% 51% 30% 29% 22% 21% 21% 17% FY25 Q1FY26 Q2FY26 Q3FY26 9MFY26 Profllex Phenix - Domestic Phenix
Slide 11: Unexecuted order book CAGR of 20.4% over 3 years
Unexecuted order book (UOB) CAGR of 20.4% over 3 years underscores sustained global adoption of technology-led construction 3Y CAGR: 20.4% (FY22-FY25) 461 Cr 428 Cr 591 Cr 803 Cr 843 Cr 931 Cr 1,059 Cr 7% 8% 13% 15% 13% 30% 75% 70% 66% 63% 61% 62% 47% 23% 25% 26% 24% 25% 24% 23% FY22 FY23 FY24 FY25
Slide 12: Sector wise Revenue & Order Book Analysis
Sector wise Revenue & Order Book Analysis Phenix Sector Wise Analysis – 9MFY26 Proflex Sector Wise Analysis – 9MFY26 1% 15% 17% 9% 35% Revenue Revenue Rs. 702 Cr Rs. 194 Cr 82% 41% 1% 11% 31% 39% Order Book 22% Order Book Rs. 818 Cr Rs. 240 Cr 61% 37% Industry/Infra Export Others Warehousing Industr
Slide 13: Consolidated P & L Statement
Consolidated P & L Statement Particulars (Rs Cr) Q3FY26 Q3FY25 YoY 9MFY26 9MFY25 YoY Revenue from Operations 351.51 328.12 7.1% 896.02 674.91 32.8% Other Income 3.84 1.04 10.38 5.98 TOTAL Income 355.35 329.16 8.0% 906.39 680.89 33.1% EBITDA 43.54 33.60 29.6% 114.04 90.79 25.6% EBITDA Margin 12.4% 10
Slide 14: Working Capital Cycle - Consolidated
Working Capital Cycle - Consolidated Sr No Particulars (Rs Cr) 9M 25-26 FY 24- 25 1 Inventories 317.85 322.38 No of Days 98 119 2 Receivables -Amount 303.70 192.36 No of Days 93 71 3 Trade Creditors including Buyer's Credit - Amount 241.78 340.35 No of Days 74 126 4 Advance From Customers 134.75 87.
Slide 15: Certain Key Parameters and Break up
Certain Key Parameters and Break up Particulars (Rs Cr) Q3FY26 Q3FY25 9MFY26 9MFY25 FY25 Operating Other Income Interest Income From Bank FDs 1.01 2.16 2.75 3.44 4.67 Export Incentives & Other Operative Income 0.87 -0.29 4.19 0.46 0.54 Total – Other Operating Income 1.88 1.86 6.94 3.90 5.21 Non-Oper
Slide 16: Utilization of IPO Proceeds as on Dec 31, 2025
Utilization of IPO Proceeds as on Dec 31, 2025 Net Amount Received Amount % Amount Pending to be Utilized Objects of Issue (A) Utilised (B) Utilised (C) (D = A - B) Prepayment of Term Loan 58.75 58.75 100% - Capital Expenditure 135.78 7.38 5.4% 128.40 General Corporate Purpose 64.79 64.18 99% 0.61 T
Slide 17: Sustained track record of financial performance
Sustained track record of financial performance Revenue from Operations (INR Cr) EBITDA (INR Cr) & EBITDA Margin (%) PAT (INR Cr) & PAT Margin (%) 13% 3Y CAGR 45% 68% 12.8% 7.8% 3Y CAGR 3Y CAGR 10.0% 5.7% 7.5% 3.7% 6.1% 2.4% 688 880 795 989 42 66 80 126 16 33 46 77 FY22 FY23 FY24 FY25 FY22 FY23 FY24
Slide 18: Company Overview
M ENGINEERING Company Overview
Slide 19: A homegrown, engineering-led construction company with legacy dating back to 1951
A homegrown, indigenous, engineering-led construction company with a legacy dating back to 1951 15 Years Over 1,600 Over 6,90,000 23 Years Over 8,400 Over 19.9 Mn Sq. of operations Projects MT of operations Projects m. Installed till date Installed till date Milestones 1981 2002 2008 2017 2024 2025
Slide 20: PHENIX and PROFLEX divisions
PHENIX- PROFLEX- Installed capacity of 1.9 Mn sq. m. One of India’s leading Pre-Engineered p.a.for Self-Supported Roofing solutions Buildings players (as on January 31, 2026) Comprehensive solutions for PEBs and 1 complex structural steel components 2 Self supported steel roofing solutions • Pre-Eng
Slide 21: Phenix Division
M:8 : ENGINEERING cuss Phenix Division
Slide 22: In-house design & engineering capabilities
In-house design & engineering capabilities Conceptualize and manufacture complex, custom-designed structures that meet specific client requirements with precision Dedicated design and engineering in-house team of 98 employees as on December 31, 2025 who create 3D Focus on upgrading processes and
Slide 23: Global and Indian PEB market outlook
With a projected CAGR of ~10%, the global PEB market is expected to reach USD 32–35 billion by 2029, while the Indian market, growing slightly faster, is expected to reach INR 330–345 billion by 2030 Large, organised players grow at faster clip M&B Engineering registered a 3Y-CAGR of 45% in EBIDTA a
Slide 24: Marquee Projects executed under Phenix
Marquee Projects executed under Phenix Over 62,000 sq. m. PEB installation for Over 285,000 sq. m. PEB installation for Over 125,000 sq. m. PEB installation for Over 18,000 sq. m. PEB installation for a the automobile manufacturing plant of a a textile plant for a major textile a multinational home
Slide 25: Strategically located manufacturing facilities
Strategically located manufacturing facilities Sanand Facility (2008) Other Certifications 72,000 MTPA Installed Capacity* Only PEB manufacturing facility in India with a certification from AISC & CWB Manufacturing Facility Design and engineering offices Cheyyar Facility (2024) 31,800 MTPA Installed
Slide 26: Proflex Division
% —_— MS proflex ENGINEERING
Slide 27: Proflex Division operates a fleet of 15 mobile manufacturing units
2 Proflex Division operates a fleet of 15 mobile manufacturing units M&B Engineering Ltd is the largest player in terms of revenue for the manufacturing and installation of self-supported steel roofing solutions in India Allows M&B to address the customers in a wide geographic expanse 1.9 Mn Sq. m.
Slide 28: Key Growth Drivers
With a projected CAGR of 3-4%, the global self-supported roofing market is expected to 2 reach USD 0.87-0.92 billion by 2029, while the Indian market, growing slightly faster, is 2 expected to reach INR 3.8–4.2 billion by 2030 M&B Engineering Ltd is the largest player in terms of revenue for Global
Slide 29: Marquee Projects executed under Proflex
2 Marquee Projects executed under Proflex Self-supported Self-supported roofing structure for roofing structure for a major Indian milk a major Indian sugar co-operative society company at Rajpura, at Anand Gujarat Uttar Pradesh Over 300 projects in the railway sector with cumulative installation of
Slide 30: Business footprint spans across geographies
Business footprint spans across geographies Manufactured products and supplied services to domestic customers and overseas customers including from US, Canada, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya and Seychelles Served customers in During 9MFY26, export revenue was Domesti
Slide 31: Relationships with customers across a diverse set of industries
Relationships with customers across a diverse set of industries 2,000+ customer groups served pan-India; repeat customers contributed 57.32% of FY25 consolidated operating revenue. Relationship of >15 years with some customers Tata Advanced Systems Limited History of high customer retention Revenue
Slide 32: Experienced promoters and management team (1/2)
Experienced and dedicated promoters and professional management team with domain knowledge (1/2) Hemant Ishwarlal Modi Chirag Hasmukhbhai Patel Malav Girishbhai Patel Vipinbhai Kantilal Patel Non-Executive Chairman and Independent Joint Managing Director Joint Managing Director Non-Executive Directo
Slide 33: Experienced promoters and management team (2/2)
Experienced and dedicated promoters and professional management team with domain knowledge (2/2) Sanjay Shaileshbhai Majmudar Birju Maheshbhai Patel Udayan Dileep Choksi Subir Kumar Das Non-Executive and Non-Independent Independent Director Independent Director Independent Director Director CA wit
Slide 34: Future Growth Drivers
M:8 ENGINEERING Growth Drivers
Slide 35: Summary of key growth drivers for the divisions
Summary of key growth drivers for the divisions Industrial capex are expected to reach – INR 7.1 Tn by Fiscal 2030, marking an average annual increase of 1.6x Low penetration of PEB in the building sector Key factors contributing to the growth of Growth in industrial warehousing demand Inc
Slide 36: Appendix
M:8 ENGINEERING Appendix
Slide 37: Profit & Loss Statement
Profit & Loss Statement Particulars (INR Cr)` FY22 FY23 FY24 FY25 Revenue From Operations 688.23 880.47 795.06 988.55 Cost of goods Sold 495.25 667.98 573.40 675.22 Employee cost 70.56 75.35 80.91 98.94 Other expenses 80.58 70.71 61.13 88.02 EBITDA 41.83 66.43 79.62 126.38 EBITDA Margin 6.08% 7.54%
Slide 38: Balance Sheet Statement
Balance Sheet Statement Assets (INR Cr) FY22 FY23 FY24 FY25 Equities & Liabilities (INR Cr) FY22 FY23 FY24 FY25 Non-current assets 85.49 90.57 154.15 187.80 Equity 145.10 180.51 233.03 306.53 Property, plant and equipment 64.93 74.33 75.53 168.63 Equity share capital 20.00 20.00 50.00 50.00 Capital
Slide 39: Cash Flow Statement
Cash Flow Statement Particulars (INR Cr) FY22 FY23 FY24 FY25 Profit before tax 22.99 45.48 60.88 102.24 Other Compherensive Income -0.35 -0.41 -1.10 -1.07 Operating Profit before Working Capital Changes 22.63 45.07 59.78 101.17 Changes in Working Capital 44.99 41.09 23.79 57.05 Direct taxes paid - N
Slide 40: Thank You
Thank You M&B ENGINEERING LTD. M & B Engineering Ltd (ISIN: INE08N601015; NSE: MBEL; BSE: 544470) MB House, 51, Chandroday Society, Stadium Road, Naranpura, Ahmedabad - 380014, Gujarat, India. Keyur Shah & Palak Parekh Chief Financial Officer |Compliance Officer E: cfo@mbel.in | compliance@mbel.in A