Slide 1: Revised / Updated Investor Presentation filing letter
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 1st June, 2026 To, To National Stock Exchange of India Limi
Slide 2: Investor Presentation Q4FY26 & FY26
Investor Presentation Q4FY26 & FY26 12 May 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 – Q4FY26 & 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 – Q4FY26 & FY26
Performance Highlights – Q4FY26 & FY26
Slide 8: Message from the Management
Message from the Management • During Q4FY26, M&B delivered revenue from operations of ₹ 364 crore, a 16% YoY growth. • During FY26, M&B delivered revenue from operations of ₹1260 crore, a strong 27% YoY growth. • The company achieved highest ever quarterly and full year consolidated revenue. • Conso
Slide 9: Q4FY26 & FY26 – In line Revenue Delivery; Highest Revenue
Q4FY26 & FY26 – In line Revenue Delivery despite macro challenges; delivered Highest Revenue for the Quarter and Full Year RS. CRORES Q4FY26 Revenue from Operations EBITDA & EBITDA % PAT & PAT % 16.0% 364 44 -1.8% -5.3% 29 43 27 314 14.0% 11.9% 9.1% 7.4% Q4-25 Q4-26 Q4-25 Q4-26 Q4-25 Q4-26 FY26 Reve
Slide 10: Highest-ever order inflow of Rs.1,539 cr in FY26
Achieved Highest-ever order inflow of Rs.1,539 cr in FY26 (+28% YoY), supported by sustained increase in demand for PEBs and self supported roofing system M&B’s Consolidated Order Inflow 1,201 Cr 278 Cr 395 Cr 480 Cr 388 Cr 1,539 Cr 6% 2% 10% 14% 22% 53% 65% 68% 84% 66% 59% 29% 29% 22% 21% 19% 17% 1
Slide 11: Unexecuted order book 4-YR CAGR of 24.1%
Unexecuted order book (UOB) 4-YR CAGR of 24.1% underscores sustained global adoption of technology-led construction 4Y CAGR: 24.1% (FY22-FY26) 461 Cr 428 Cr 591 Cr 803 Cr 843 Cr 931 Cr 1,059 Cr 1,083 Cr 7% 8% 13% 15% 13% 30% 26% 75% 70% 66% 63% 61% 62% 47% 55% 23% 25% 26% 24% 25% 24% 23% 20% FY22 FY
Slide 12: Sector wise Revenue & Order Book Analysis
Sector wise Revenue & Order Book Analysis Phenix Sector Wise Analysis – FY26 Proflex Sector Wise Analysis – FY26 1% 9% 17% 14% 35% Revenue Revenue Rs. 985 Cr Rs. 275 Cr 42% 82% 13% 32% 32% 12% Order Book Order Book Rs. 871 Cr Rs. 212 Cr 68% 43% Industry/Infra Export Others Warehousing Industry Railw
Slide 13: Consolidated P & L Statement
Consolidated P & L Statement Particulars (Rs Cr) Q4FY26 Q4FY25 YoY FY26 FY25 YoY Revenue from Operations 363.70 313.64 16.0% 1,259.72 988.55 27.4% Other Income 5.29 2.35 15.67 8.33 TOTAL Income 368.99 315.99 16.8% 1,275.39 996.89 27.9% EBITDA 43.15 43.92 -1.75% 157.19 134.71 16.69% EBITDA Margin 11.
Slide 14: Working Capital Cycle - Consolidated
Working Capital Cycle - Consolidated Sr No Particulars (Rs Cr) FY26 FY25 1 Inventories 349.01 322.38 No of Days 101 119 2 Receivables -Amount 239.14 192.36 No of Days 69 71 3 Trade Creditors including Buyer's Credit - Amount 286.90 337.96 No of Days 83 125 4 Advance From Customers 165.49 87.78 No of
Slide 15: Certain Key Parameters and Break up
Certain Key Parameters and Break up Particulars (Rs Cr) Q4FY26 Q4FY25 FY26 FY25 Operating Other Income Interest Income From Bank FDs 0.83 1.23 3.58 4.67 Export Incentives & Other Operative Income 1.86 0.08 6.05 0.54 Total – Other Operating Income 2.69 1.31 9.63 5.21 Non-Operating Other Income Intere
Slide 16: Utilization of IPO Proceeds as on March 31, 2026
Utilization of IPO Proceeds as on March 31, 2026 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 135.78 148.73 11% 120.91 General Corporate Purpose 64.79 64.18 99.1% 0
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 (%) 16% 7.4% 32% 54% 4Y CAGR 4Y CAGR 12.5% 4Y CAGR 7.8% 13.6% 11.7% 5.7% 8.5% 3.7% 7.6% 2.4% 688 880 795 989 1,260 53 75 93 135 157 16 33 46 77 93 FY22 FY23
Slide 18: Company Overview
M ENGINEERING Company Overview
Slide 19: Engineering-led construction company with legacy dating back to 1951
A homegrown, indigenous, engineering-led construction company with a legacy dating back to 1951 18 Years Over 1,650 Over 7,10,000 MT 24 Years Over 8,600 Over 20.3 Mn Sq. m. of operations Projects Installed till date of operations Projects 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. p.a. One of India’s leading Pre-Engineered for Self-Supported Roofing solutions (as Buildings players on date) Comprehensive solutions for PEBs and 1 complex structural steel components 2 Self supported steel roofing solutions • Pre-Engineered Bui
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 who create 3D models of PEBs and structural Focus on upgrading process
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 – self-supported roofing market
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 FY26, export revenue was INR Domes
Slide 31: Relationships with customers across diverse industries
Relationships with customers across a diverse set of industries 2,000+ customer groups served pan-India; repeat customers contributed 54.07% of FY26 consolidated operating revenue. Relationship of >15 years with some customers Tata Advanced Systems Limited History of high customer retention Revenue
Slide 32: 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: 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 FY26 Revenue From Operations 688.23 880.47 795.06 988.55 1,259.72 Cost of goods Sold 495.25 667.98 573.40 675.22 845.92 Employee cost 70.56 75.35 80.91 98.94 110.95 Other expenses 80.58 70.71 61.13 88.02 161.33 EBITDA 52.53 74.96 92.8
Slide 38: Balance Sheet Statement
Balance Sheet Statement Assets (INR Cr) FY22 FY23 FY24 FY25 FY26 Equities & Liabilities (INR Cr) FY22 FY23 FY24 FY25 FY26 Non-current assets 85.49 90.57 154.15 187.80 221.87 Tangible Net worth 145.10 180.51 233.03 306.53 657.10 Property, plant and equipment 64.93 74.33 75.53 168.63 171.79 Equity sha
Slide 39: Cash Flow Statement (As reported)
Cash Flow Statement (As reported) Particulars (INR Cr) FY22 FY23 FY24 FY25 FY26 Profit before tax 23.49 45.56 60.88 102.24 123.56 Other Comprehensive Income -0.35 -0.37 -1.10 -1.07 0.59 Operating Profit before Working Capital Changes 46.88 70.40 88.25 125.06 142.79 Changes in Working Capital -1.89 -
Slide 40: Cash Flow Statement (Adjusted)
Cash Flow Statement (Adjusted*) Particulars (INR Cr) FY22 FY23 FY24 FY25 FY26 * Profit before tax 23.49 45.56 60.88 102.24 123.56 Other Comprehensive Income -0.35 -0.37 -1.10 -1.07 0.59 Operating Profit before Working Capital Changes 46.88 70.40 88.25 125.06 142.79 Changes in Working Capital -1.89 -
Slide 41: Post Result Earnings Conference Call Details
Post Result Earnings Conference Call Details Conference Call Details Q4FY26 & FY26 Earnings Conference Call DA T E & T IME P RIMA RY D IA L-IN NUMBER Tuesday, May 12, 2026 +91 22 6280 1107 16:00 hrs · IST +91 22 7115 8008 P R E-R EG IST R A T IO N Register in advance to join the call instantly witho
Slide 42: 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