Aequs Ltd. · NSE:AEQUS
Aequs — Q4 FY26 Earnings Presentation
35 slides from Aequs's earnings presentation, May 26, 2026
Slide 1: Investor Presentation Q4 & FY26
Investor P resenta tio n Q4 & FY26
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation by Aequs Limited (“Company”) may contain statements related to the future business prospects, financial performance, strategies, and have been prepared solely for information purposes and nothing in it shall be construed as an invitation, offer, solicitation,
Slide 3: Table of Contents
Table of Contents 1 Aequs – A Snapshot 2 Q4 & FY26 Highlights 3 About Us 4 Why Aequs 5 Growth Strategies 3
Slide 4: Aequs Limited – A snapshot
01. Aequs Limited – A snapshot We are the only engineering led, vertically integrated precision manufacturer within a single SEZ Business Manufacturing What sets us Robust Operations Capabilities apart? Financials 2 100% 15 years ₹12,304 Mn ₹3,671 Mn Business segments In-country value addition for A
Slide 5: Q4 & FY26 Financial Highlights
02 Q4 & FY26 Financial Highlights 5
Slide 6: Performance Highlights
Performance Highlights FY26 Highlights FY26 has been a landmark year for Aequs - defined by strong execution, meaningful (₹ Mn.) business expansion, and our IPO, a transformational milestone that marks a new chapter in our journey as a company. 13% - 9% 12,304 1,545 -1,133 We delivered revenue growt
Slide 7: Business Highlights
Business Highlights Key updates Manufacturing footprint expansion: Announced MoUs with Govt of Tamil Nadu and Karnataka, including ₹1,900 Cr investment in Hosur for an integrated Aerospace ecosystem and ₹2,856 Cr investment in 62% 23% • Karnataka Steady ramp to upexpand aerospacebusiness in Consumer
Slide 8: Result Snapshot (FY26)
Result Snapshot (FY26) (₹ Mn.) Revenue EBITDA & EBITDA Margins PAT & PAT Margins 12% 13% -11% -9% 33% 12,304 FY25 FY26 43% 9,246 1,545 1,080 -1,133 -1,024 11% FY25 FY26 FY25 FY26 Highlights ▪ Revenue grew 33% YoY to ₹12,304 Mn, reflecting strong business traction across key segments and continued sc
Slide 9: Result Snapshot (Q4 FY26)
Result Snapshot (Q4 FY26) (₹ Mn.) Revenue Revenue EBITDA & EBITDA Margins PAT & PAT Margins 47% YoY 17% 12% 9% 3% -13% -14% 23% YoY Q4 FY25 Q3 FY26 Q4 FY26 13% QoQ 3,671 416 3,262 381 90 321 2,493 16% QoQ -426 27% QoQ -541 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 >100% YoY Highlights ▪ Q4 del
Slide 10: Result Snapshot (FY26) Including JV share
Result Snapshot (FY26) Including JV share (₹ Mn.) Revenue EBITDA & EBITDA Margins PAT & PAT Margins 13% 14% -10% -8% 34% 42% FY25 FY26 13,466 1,830 10,078 1,286 -1,133 -1,024 11% FY25 FY26 FY25 FY26 Highlights ▪ Revenue grew 34% YoY, reflecting strong business momentum and continued scale-up across
Slide 11: Result Snapshot (Q4 FY26) Including JV share
Result Snapshot (Q4 FY26) Including JV share (₹ Mn.) Revenue Revenue EBITDA & EBITDA Margins PAT & PAT Margins 45% YoY 10% 17% 13% 3% -12% -14% 13% YoY Q4 FY25 Q3 FY26 Q4 FY26 3,984 12% QoQ 3,554 477 449 90 2,751 417 7% QoQ -426 27% QoQ -541 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 >100% YoY
Slide 12: Revenue Profile
Revenue Profile Business Segments Revenue (INR Mn) Exports Profile (%) Q4 FY26 FY26 FY26 12% 17% 631 15% 1,840 1,460 3,040 83% 10,464 85% 10,844 88% Aerospace Consumer Exports Domestic Q4 FY25 FY25 FY25 5% 133 11% 1,000 11% 986 95% 8,246 89% 8,260 89% 2,360 12
Slide 13: Segment Update: Aerospace
Segment Update: Aerospace (₹ Mn.) YoY 29% QoQ 13% YoY 27% Q4 Revenue 2,685 3,040 FY26 Revenue 10,464 Growth 2,360 Growth 8,246 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 YoY >100% YoY 76% 2,813 Q4 EBITDA QoQ 60% 1,010 FY26 EBITDA Growth Growth 1,598 633 485 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 13
Slide 14: Segment Update: Consumer
Segment Update: Consumer (₹ Mn.) YoY>100 % QoQ 9% 631 577 YoY 84% 1,840 Q4 Revenue FY26 Revenue Growth Growth 1,000 133 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q3 FY26 Q4 FY26 0 FY25 FY26 -100 -1 -159 -287 Q4 EBITDA-200 FY26 EBITDA Growth -300 QoQ >100% Growth -400 -783 -473 YoY >100% -500 YoY >10
Slide 15: Key Metrics FY26
Key Metrics FY26 Net Debt/Equity (x) Fixed Asset Turnover (x) Net Working Capital Days(1) 0.99 1.84 151 1.18 132 0.23 FY25 FY26 FY25 FY26 FY25 FY26 ROE (%) ROCE (%) (2) Segment ROCE (%) FY25 Period FY25 FY26 FY26 1.56 Aerospace 14% 20% 0.92 -7.6 Consumer -9% -15% -14.3 FY25 FY26 (1) Net working capi
Slide 16: Consolidated P/L Statement
Consolidated P/L Statement (₹ Mn.) Particulars Q4 FY26 Q4 FY25 YoY Change FY26 FY25 YoY Change Revenue from operations 3,671 2,493 47% 12,304 9,246 33% Other income 279 171 654 346 Total income 3,950 2,664 48% 12,958 9,592 35% Consumption 1,501 1,085 4,948 3,922 Employee benefit expense 634 382 2,12
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Mn.) As at As at As at As at Particulars st st Particulars 31 March’26 31 March’25 31st March’26 31st March’25 EQUITY AND LIABILITIES ASSETS EQUITY Non-current assets Equity share capital 6,707 5,818 Property, plant and equipment 8,755 5,854 Reserves and surplus 8,149 1
Slide 18: Cash Flow Statement
Cash Flow Statement (₹ Mn.) Particulars Q4 FY26 Q4 FY25 FY26 FY25 Net Income -328 60 -715 -941 Depreciation 455 242 1,377 1,034 Finance Cost 315 127 870 574 Change in Working Capital -1,866 -175 -2,519 -407 Cash flow from operations (A) -1,424 255 -988 261 Capital expenditures -319 -735 -3,411 -2,65
Slide 19: About Us
03 About Us 19
Slide 20: History and evolution of the company
History and evolution of the company ▪ Expansion into Europe through acquisition of SIRA Group ▪ Delivered first consignment of plastic ▪ Establishment of unit in toys and commenced sector specific SEZ for operations of consumer ▪ Commencement of precision engineering at manufacturing facilities in
Slide 21: Key business segments - Aerospace
Key business segments - Aerospace Aerospace Segment One of the largest portfolios of aerospace products in India 85% Revenue Contribution (FY26) Interiors & Cargo Structures Turnings We have deep exposure to long-cycle, recurring aerospace programs 519 SKUs 4,227 SKUs 121 SKUs Assemblies Key Highlig
Slide 22: Our Manufacturing Excellence – Aerospace
Our Manufacturing Excellence – Aerospace Only company within a single SEZ with end-to-end manufacturing capabilities for the Aerospace Segment in India Ability to manufacture components from start-to-finish Forging Precision Machining Surface Treatment Aero Assemblies Multi-spindle and Multitasking
Slide 23: Key business segments - Consumer
Key business segments - Consumer Consumer Segment Our Diverse Consumer Portfolio Application Product Portfolio 15% Revenue Contribution (FY26) Consumer Segment Consumer Components for portable Scaling a diversified consumer portfolio leveraging Electronic Components Electronics computers and smart d
Slide 24: Our Manufacturing Excellence – Consumer
Our Manufacturing Excellence – Consumer Molding Stamping Machining Secondary Process Chemical Surface Assembly Treatment Mechanical Press – 200T Vertical and Horizontal Injection Molding machining 10 Processes Ultrasonic Welding Hydraulic Press – 400T Anodizing Blow Molding Pneumatic Press 3 Axis an
Slide 25: Why Aequs?
04 Why Aequs? 25
Slide 26: The Aequs Edge
The Aequs Edge A Scaled Cluster Ecosystem Built for Speed, True End-to-End Aerospace Manufacturing A Diversified Manufacturing Engine With Cost & Throughput Platform Capacity to Scale Three India clusters + France & US sites, delivering Co-located machining → forging → surface treatment Our advanced
Slide 27: Manufacturing presence across continents with strategic proximity to customers
Mfg. presence across 3 continents with strategic proximity customers India Operations Global Operations All Indian facilities are ISO-certified for quality, information security, employee safety and environment Paris, Texas Cholet, France Koppal Manufacturing Belagavi 2015 Cluster 2016 Manufacturing
Slide 28: Ecosystem benchmark - Belagavi Aerospace Cluster built from the ground up
Ecosystem benchmark - Belagavi Aerospace Cluster built Grounds up Largest Aerospace Machining Capacity in India with 1.83M hours annually Unit 2 Unit 1 Forging & Heat Treatment Warehouse & Tooling Precision Machining Aerostructures Assemblies FG Stores Engineering Services Raw Material Surface Finis
Slide 29: Long-standing relationships with high entry barrier global customers
Long-standing relationships with high entry barrier global customers 15 15 YRS 66% BOEING AIRBUS 22 Export Markets Total OEMs customer Average tenure of 3 largest Top 5 customer group. Tier 1 supplier 6-times D2P award from 2016 to Global presence across North groups globally customer groups contrib
Slide 30: Founder-led business supported by an experienced management team
Founder-led business supported by an experienced management team Aravind Melligeri Executive Chairman and Chief Executive Officer Over 25 years of experience in the aerospace sector and has been associated with our Company since its incorporation in 2000 Rajeev Kaul Ravi Guttal Co-founder & Managing
Slide 31: Board of Directors
Board of Directors Aravind Melligeri Executive Chairman and Chief Executive Officer Over 25 years of experience in the aerospace sector and has been associated with our Company since its incorporation in 2000 Rajeev Kaul Co-founder & Managing Director Responsible for the overall operations and perfo
Slide 32: Growth Strategies
05 Growth Strategies 32
Slide 33: Growth Strategies
Growth Strategies Continue to increase wallet share with existing customers 1 2 Grow our portfolio of consumer products and diversify customer base in the Aerospace Segment Expanding our portfolio of consumer electronics products Moving up the value chain and increasing the manufacturing of more cri
Slide 34: Growth Strategies
Growth Strategies Improve our margins through higher value manufacturing Leverage existing capabilities to increase our market share 3 and measures for operational efficiencies 4 in current operating segments and sector adjacencies AEROSPACE SEGMENT Global PEC Market (USD Bn) 23.04% 27.00% Enhance p
Slide 35: Thank You
THANK YOU 35