Kotyark Industries Ltd. · NSE:KOTYARK
Kotyark Industries — Q2 FY27 Earnings Presentation
36 slides from Kotyark Industries's earnings presentation, Nov 2, 2026
Slide 1: Cover letter to stock exchanges
Date: November 02, 2026 To, To, Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block-G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai-400051 Mumbai-400001 Sub: Investor Presentation and Perform
Slide 2: Kotyark Industries Limited Q2 & H1 FY27 Investor Presentation
KOTYARK INDUSTRIES LIMITED INDIA’S LARGEST BIODIESEL MANUFACTURING COMPANY SUSTAINABLE, CLEAN, GREEN & RENEWABLE ENERGY Q2 & H1 FY27 INVESTOR PRESENTATION
Slide 3: Company Overview: Integrated Biodiesel Manufacturing Platform
Company Overview: Integrated Biodiesel Manufacturing Platform • Incorporated in 2016, Kotyark Industries manufactures biodiesel and value-added by-products through a flexible multi- feedstock platform. • It is capable of processing 10–15 raw materials based on seasonal availability and procurement e
Slide 4: Key Metrics
KEY METRICS 4,80,000 KL 63,000 KL • Cumulative • Annual Crude Annual Biodiesel Glycerin Production Production Capacity Capacity 137 as at 31-03-2026 Zero • Total Team • Effluent Strength Discharge INVESTOR PRESENTATION 3
Slide 5: Management Commentary
MANAGEMENT COMMENTARY ❖ “We are pleased to report a strong improvement in profitability during Q2 and H1 FY27. In Q2, consolidated revenue from operations was ₹61.27 crore, 5.5% lower year-on-year, yet EBITDA grew 50.7% to ₹12.70 crore, with the margin expanding 773 bps to 20.72%, and PAT rose 147.6
Slide 6: Growth Journey & Key Milestones
GROWTH JOURNEY & KEY MILESTONES Kotyark Industries Limited, Successful IPO and listing Successfully migrated incorporated in 2016, is engaged on the NSE Emerge In 2024, Became the first from NSE SME Platform to in the manufacturing of biodiesel platform in 2021, making Indian biodiesel company NSE &
Slide 7: What is Biodiesel & Why It Matters
WHAT IS BIODIESEL & WHY IT MATTERS What is Biodiesel? • Renewable fuel produced from non edible vegetable oils, used cooking oil or acid oils • Can also be used as a standalone fuel (B100) in compatible diesel engines without blending with conventional diesel. India’s Biodiesel Blending Journey • Bi
Slide 8: Integrated Process for Biodiesel Production
INTEGRATED PROCESS FOR BIODIESEL PRODUCTION 1. Multi-Feedstock Sourcing 2. Feedstock 3. Transesterification 4. Separation & 5. Final Output & Value Diverse raw materials sourced based Pre-Treatment & Process Quality Extraction on seasonal availability, pricing, and Purification Feedstock reacts with
Slide 9: Building a Cost-Efficient Feedstock Backbone
BUILDING A COST-EFFICIENT FEEDSTOCK BACKBONE ❖ Diversified Multi-Feedstock Sourcing Model Ability to utilize multiple feedstocks including: – Used Cooking Oil (UCO) – Acid Oils – Non-edible Vegetable Oils – Methanol & other processing inputs ❖ Pan-India Procurement Network • Pan-India sourcing netwo
Slide 10: Capacity-Driven Manufacturing Advantage
CAPACITY-DRIVEN MANUFACTURING ADVANTAGE 1. Strategic Manufacturing Footprint 2. Strong Installed Capacity • Two integrated manufacturing facilities • Biodiesel Capacity: 4,80,000 KL per strategically located at: 31-03-2026 annum • Crude Glycerin Capacity: ~63,000 KL Location Installed Current per an
Slide 11: End-to-End Supply Chain Control
END-TO-END SUPPLY CHAIN CONTROL Downstream: Multi-Channel Distribution •Direct OMC Supply: Tender-based supply for government blending mandates. •Bulk Industrial Sales: Direct delivery to mining companies and transport contractors Midstream: Manufacturing Excellence •Two integrated units in Sirohi (
Slide 12: Crude Glycerin — Turning By-Product into Business Value
CRUDE GLYCERIN — TURNING BY-PRODUCT INTO BUSINESS VALUE ❖ Glycerin: Key By-Product • Glycerin is the primary by-product of the biodiesel manufacturing process. ~63,000 KL Annual Crude Glycerin • For every 100 litres of biodiesel produced, Kotyark yields ~14 litres of crude Production Capacity glycer
Slide 13: The Circular Economy Advantage: UCO vs. Conventional Fuel
THE CIRCULAR ECONOMY ADVANTAGE: UCO VS. CONVENTIONAL FUEL ❖Kotyark’s focus on Used Cooking Oil (UCO) and non-edible oils creates a more sustainable and efficient energy loop compared to traditional fossil fuels or crop-heavy biofuels. Kotyark Biodiesel Rationale Metric Ethanol Blended Petrol (Waste-
Slide 14: Bidding Process
BIDDING PROCESS ❖ OMC Tender Announcement ❖ Supply Execution & Payment OMCs (IOCL, BPCL, HPCL) • Biodiesel supplied to publish biodiesel procurement designated OMC depots as per tenders for registered suppliers indent quantities. across designated locations. • OMCs process payments against completed
Slide 15: Diverse & Established Customer Base
DIVERSE & ESTABLISHED CUSTOMER BASE ❖Detailed list of key customers across segments: OMCs, bulk industrial buyers, retail network z IOCL BPCL HPCL (OMCs) INVESTOR PRESENTATION 14
Slide 16: SWOT
SWOT ❖ Integrated Scale & ❖ Utilization & Earnings Operational Flexibility Sensitivity • Integrated biodiesel platform with • Current utilization levels of 7–8% flexible multi-feedstock capability remain below installed potential; which S W (~10–15 feedstocks) will be improved by targeting 60–70% •
Slide 17: Mitigation Strategy - Managing Risks & Enhancing Stability
MITIGATION STRATEGY - MANAGING RISKS & ENHANCING STABILITY Diversified Feedstock Strategy Policy & ESG Alignment • Multi-feedstock sourcing across UCO, • Business aligned with acid oils, and non-edible oils India’s biofuel and energy • Ability to switch across ~10–15 feedstocks transition policies b
Slide 18: India Carbon Credit Market Opportunity
INDIA CARBON CREDIT MARKET OPPORTUNITY ❖ India carbon credit market estimated at ~USD 4.0 Bn in 2023 • Expected to reach ~USD 49.4 Bn by 2030 • Implied CAGR: ~43% (2024–2030) • India is emerging as one of the world’s fastest-growing carbon markets driven by the Carbon Credit Trading Scheme (CCTS) an
Slide 19: Carbon Credit Monetization Opportunity
CARBON CREDIT MONETIZATION OPPORTUNITY ❖How the Company Can Monetize Carbon Credits • Biodiesel production helps reduce greenhouse gas emissions compared to conventional fossil fuels, thereby creating potential eligibility for carbon credits. • Carbon credits may be generated based on verified emiss
Slide 20: ESG Impact — Generating Economic, Social & Environmental Value
ESG IMPACT — GENERATING ECONOMIC, SOCIAL & ENVIRONMENTAL VALUE Environmental Stewardship Social & Rural Empowerment Economic Impact • Carbon Sequestration: • Feedstock Ecosystem: Drives • Import Substitution: Directly Successfully earned 57,874 rural income by sourcing supports the Indian carbon cre
Slide 21: Dominance in Specialized Bio-Mobility: Capacity Benchmarking
DOMINANCE IN SPECIALIZED BIO-MOBILITY: POST-EXPANSION CAPACITY BENCHMARKING ❖KEY CAPACITY TAKEAWAYS: • Scalability: Kotyark is now positioned as one of the largest specialized grain-independent biodiesel producers in India. • Future Readiness: The jump from 500 KLPD to 1,500 KLPD allows Kotyark to s
Slide 22: Management Team
MANAGEMENT TEAM Mr. Gaurang Mrs. Dhruti Mihir Shah Rameshchandra Shah WHOLE TIME DIRECTOR AND CHAIRMAN CUM CHIEF FINANCIAL OFFICER MANAGING DIRECTOR OFFICER (CFO) • Mr. Gaurang Shah serves as the • Mrs. Dhruti Shah serves as the Chairman & Managing Director of Whole Time Director & CFO of Kotyark In
Slide 23: Current Order Book & Upcoming Orders
CURRENT ORDER BOOK & UPCOMING ORDERS ❖Approx. INR 173.45 Cr. from OMCs & ❖Approx. INR 60 Cr. from Other Parties • Estimated pipeline of orders under discussion : approx. INR 15 Cr. INVESTOR PRESENTATION 22
Slide 24: Global Market Size of Biodiesel
GLOBAL MARKET SIZE OF BIODIESEL ❖Market Size & Growth • USD 45.9 Bn (2025) to USD 49.6 Bn (2026) Global Market Size of Biodiesel In • Expected to reach ~USD 99 Bn by 2035 USD Billions • CAGR: ~8% (2026–2035) ❖Market Structure (Key Insights) 99.03 • Feedstock: Vegetable oil dominates with ~96%+ share
Slide 25: Market Opportunity in India for Biodiesel
MARKET OPPORTUNITY IN INDIA FOR BIODIESEL ❖Market Size & Growth • USD 497 Mn (2025) → USD ~950 Mn by 2034 • CAGR: ~7.45% (2026–2034) Indian Market Size of Biodiesel In USD Billions • Early-stage market with strong policy-driven growth 949.74 ❖Market Structure (Key Insights) • Feedstock: Vegetable oi
Slide 26: Government Initiatives Driving Biodiesel Adoption in India
GOVERNMENT INITIATIVES DRIVING BIODIESEL ADOPTION IN INDIA SUPPLY-SIDE SUPPORT MARKET DEVELOPMENT DEMAND CREATION Promotion of domestic Promotion via World INITIATIVES feedstock (UCO, tree-borne Biofuel Day (awareness Mandatory biodiesel blending oils) push) targets (B5 by 2030) Encouragement for ad
Slide 27: Financial Growth Outlook
FINANCIAL GROWTH OUTLOOK ❖ Margin Expansion EBITDA Margin Aspiration: ~18–22% in Next 3 years Supported by: • Improved plant utilization • Better operating efficiencies • Integrated sourcing advantages • Higher contribution from value- added products ❖Revenue Growth ❖ Operating Leverage Targeting ~2
Slide 28: Future Roadmap for 3 Years
FUTURE ROADMAP FOR 3 YEARS FY27 — Strengthening FY28 — Scaling FY29 — Building Long- Term Scalable FY29 Core Operations Integrated Ecosystem Platform Key Priorities Key Priorities Key Priorities FY28 ❖ Increase Capacity Utilisation ❖ Strengthen Distribution Network ❖ ESG & Circular Economy • Optimiz
Slide 29: Quarterly Income Statement
QUARTERLY INCOME STATEMENT Particulars (In INR crs) Q2FY27 Q2FY26 YoY (% Change) Revenues 61.27 64.86 -5.53% Other Income 0.02 0.05 -60% Total Income 61.29 64.91 -5.6% Raw Material Expenses 44.90 51.63 -13% Employee Benefits Expense 1.52 1.37 10.95% Other Expenses 2.17 3.48 -37.64% Total Expenditure
Slide 30: Half Yearly Income Statement
HALF YEARLY INCOME STATEMENT Particulars (In INR crs) H1FY27 H1FY26 YoY (% Change) Revenues 153.25 147.32 4.03% Other Income 0.03 0.07 -57.14% Total Income 153.28 147.40 4.00% Raw Material Expenses 120.39 120.04 0.29% Employee Benefits Expense 3.01 2.37 27% Other Expenses 5.46 6.24 -12.50% Total Exp
Slide 31: Half Yearly Balance Sheet
HALF YEARLY BALANCE SHEET Equity & Liabilities (In INR Crs) H1FY27 H1FY26 Assets (In INR Crs) H1FY27 H1FY26 Equity & Other Equity 184.71 149.19 1. Non-Current Assets Non-Controlling Interest 1.77 0 Property Plant & Equipment 50.91 60.95 1. Net Worth 186.48 149.19 Intangible Assets 2. Minority Intere
Slide 32: Key Financial Metrics (1/2)
KEY FINANCIAL METRICS (1/2) Total Income (INR Cr) EBITDA (INR Cr) PAT (INR Cr) 153.28 10.7 24.41 18.75 6.61 147.40 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Networth (INR Cr) Net Debt/Equity (x) 186.48 0.54 149.19 0.41 H1FY26 H1FY27 H1FY26 H1FY27 INVESTOR PRESENTATION 31
Slide 33: Key Financial Metrics (2/2)
KEY FINANCIAL METRICS (2/2) Total Income (INR Cr) EBITDA (INR Cr) 12.70 64.91 8.43 61.29 Q2FY26 Q2FY27 Q2FY26 Q2FY27 PAT (INR Cr) 6.24 2.52 Q2FY26 Q2FY27 INVESTOR PRESENTATION 32
Slide 34: Stock Data & Shareholding Pattern
STOCK DATA & SHAREHOLDING PATTERN As on 30-09-2026 Shareholding Pattern (In %) as on 30-09-2026 NSE: Share Price ₹ 29.83 Market Capitalization ₹ Cr 337.29 No. of Share Outstanding 11,30,70,276 42.66 Promoter & Promoter Group Public 57.34 Face Value ₹ 10.00 52 Week High ₹ 464.25 52 Week Low ₹ 24.55 I
Slide 35: 5 Years of Trust & Support | Growing Together, Moving Forward
5 Years of Trust & Support | Growing Together, Moving Forward INVESTOR PRESENTATION 34
Slide 36: Thank You
THANKYOU Address:2nd Floor, A-3 Shree Ganesh Address:103-8, Lodha Eternis, Nagar Housing Society, Ramakaka MIDC, Temple Road, Chhani, Vadodara – Andheri East, Mumbai, 391740. Gujarat, India Maharashtra, INDIA – 400093 Phone: 0265 2773672 Phone: +91 9819156553 Email: [email protected] | Email: Info@co