V-Marc India Limited · NSE:VMARCIND
V-Marc India — Q2 FY27 Earnings Presentation
47 slides from V-Marc India's earnings presentation, Nov 7, 2026
Slide 1: Regulation 30 disclosure letter to NSE
Date: 07.11.2026 National Stock Exchange of India Ltd. (Listing & Corporate Communications), Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051. E-mail: [email protected] NSE Symbol: VMARCIND ISIN: INE0GXK01018 Subject: Disclosure under Regulation 30 of SEBI (Li
Slide 2: Q2 FY27 Earnings Presentation
Q2 FY27 Earnings Presentation November 2026
Slide 3: Disclaimer
Disclaimer Certain matters discussed in this Presentation may contain statements regarding the company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements doesn’t guarantee future performance and are subject t
Slide 4: Contents
Contents Company Overview 01 About V-MARC, scale and operating footprint Financial Performance 02 Q2 & H1 FY27 results, KPIs and trends Business Overview 03 Journey, values, segments, categories and reach Industry Background 04 Market backdrop and demand drivers Growth Outlook 05 Capacity, product a
Slide 5: Company Overview
V-MARC o1 Company Overview
Slide 6: About Us
About Us V-MARC India Limited stands today as one of India's most trusted and one of the fastest- growing companies in India. With a strong presence across 25 states & UTs, the company has established a robust distribution network that brings world-class electrical solutions to households, industrie
Slide 7: V-MARC at a Glance
V-MARC at a Glance 3 260,000 km 92,600 sq. mt. ₹12,754 Mn Manufacturing Facilities Production Capacity (H1 FY27) Land Area (Owned) Revenue : H1 FY27 Up 22% from 212,600 km in FY26 Up 61% from 57,600 sq. mt. in FY26 850+ 1,200+ | 150+ 25 Employees Dealers | Turnkey EPC Contractors States & UT Presenc
Slide 8: Financial Performance
V-MARC 02 Financial Performance
Slide 9: Q2 FY27 Earnings Highlights (Consolidated)
Q2 FY27 Earnings Highlights (Consolidated) Q2 FY27 vs Q1 FY27 (QoQ) and Q2 FY26 (YoY) Revenue (Rs Mn) +29.6% QoQ +72.6% YoY Revenue from Operations: Rs 7,198 Mn, up 29.6% QoQ and 72.6% YoY. HT Q2 FY27 Q1 FY27 Q2 FY26 cables (+47% QoQ) and exports (+89% QoQ) drove the sequential increase. Gross Margi
Slide 10: Revenue Segmentation – Product & Customer Wise
Revenue Segmentation – Product & Customer Wise Revenue from Operations – Q2 FY27 vs Q1 FY27 (QoQ) and Q2 FY26 (YoY) (Rs Mn) Product Wise +47.1% QoQ +57.6% YoY +83.8% QoQ +43.9% YoY -3.1% QoQ +130.0% YoY +29.6% QoQ +72.6% YoY 7,198 5,555 4,171 3,485 2,212 2,368 2,466 2,388 1,325 1,039 921 721 HT Cabl
Slide 11: Profit & Loss Statement Q2 & H1 FY27 (Consolidated)
Profit & Loss Statement Q2 & H1 FY27 (Consolidated) Particulars (Rs Mn) Q2 FY27 Q2 FY26 YoY % Q1 FY27 QoQ % H1 FY27 H1 FY26 YoY % Revenue from Operations 7,198.5 4,171.1 +72.6% 5,555.1 +29.6% 12,753.6 6,915.4 +84.4% Material cost 5,817.2 3,140.9 +85.2% 5,550.6 +4.8% 11,367.8 5,268.9 +115.8% Purchase
Slide 12: H1 FY27 Earnings Highlights (Consolidated)
H1 FY27 Earnings Highlights (Consolidated) H1 FY27 vs H1 FY26 (YoY) Revenue (Rs Mn) +84.4% YoY Revenue from Operations: Rs 12,754 Mn, up 84.4% YoY from Rs 6,915 Mn. H1 FY27 H1 FY26 That is 44% of the Rs 28,757 Mn implied by FY27 growth guidance, now revised to 60%+ from 40%+. 12,754 6,915 Gross Marg
Slide 13: Revenue Segmentation – Product & Customer Wise
Revenue Segmentation – Product & Customer Wise Revenue from Operations – H1 FY27 vs H1 FY26 (YoY) (Rs Mn) Product Wise +62.4% YoY +29.3% YoY +180.6% YoY +84.4% YoY 12,754 6,915 5,853 4,854 3,603 1,582 2,046 1,730 HT Cables LT Cables Building Wires & Industrial Cables Total Customer Wise +86.9% YoY +
Slide 14: Management Commentary
Management Commentary Commenting on the performance for Q2 & H1 FY27, Mr Vikas Garg - CMD, V-MARC India Ltd said Dear Shareholders, H1 FY27 has put us well ahead of the plan we shared in Q1. Revenue grew 84.4% YoY to Rs 12,754 Mn, EBITDA rose 84.3% to Rs 1,473 Mn and PAT grew 103.8% to Rs 764 Mn. Q2
Slide 15: Financial Snapshot Over the Years (Consolidated)
Financial Snapshot Over the Years (Consolidated) Yearly – Revenue from Operations (Rs Mn) 3-yr CAGR 116.3% 3-yr CAGR 38.7% 3-yr CAGR 121.9% 3-yr CAGR 93.7% 17,970 8,467 9,049 6,800 5,647 4,634 2,791 2,591 2,704 2,473 1,757 1,824 837 1,014 622 1,100 HT Cables LT Cables Building Wires & Industrial Cab
Slide 16: KPIs Over the Years (Consolidated)
KPIs Over the Years (Consolidated) ROCE ROE Debt / Equity (x) 1.32 35.0% 34.6% 0.95 0.99 25.3% 0.92 23.0% 21.7% 0.74 19.1% 14.2% 12.9% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Sep-26 H1 FY27 ROCE / ROE not shown (half-year, not annualised). Debt excludes leases. Product-wise Reven
Slide 17: Financials Over the Years – P&L and Cash Flow
Financials Over the Years – P&L and Cash Flow (Consolidated) Profit & Loss (Rs Mn) FY22 FY23 FY24 FY25 FY26 H1 FY27 Cash Flow (Rs Mn) FY23 FY24 FY25 FY26 H1FY27 Revenue from Operations 1,810.0 2,473.0 5,647.0 9,048.7 17,973.1 12,753.6 Profit Before Tax 136.3 360.4 497.1 1,336.6 1,025.9 Material cost
Slide 18: Financials Over the Years – Balance Sheet
Financials Over the Years – Balance Sheet (Consolidated) Balance Sheet (Rs Mn) FY22 FY23 FY24 FY25 FY26 Sep-26 Balance Sheet (Rs Mn) FY22 FY23 FY24 FY25 FY26 Sep-26 EQUITY NON-CURRENT ASSETS Equity share capital 227.9 227.9 227.9 244.2 244.2 1,465.2 Property, plant & equipment 180.0 549.3 974.5 1,39
Slide 19: Business Overview
V-MARC 03 Business Overview
Slide 20: Company Value
Company Value Our Vision To lead globally in sustainable energy by innovating and excelling in electrical product manufacturing that empowers progress and enhances quality of life. Our Mission To deliver high-quality, reliable, and eco-friendly electrical solutions that meet the evolving needs of ou
Slide 21: Our Journey
Our Journey 2014 2015 y | I Converted to Rs. 100 crore+ Turnover Introduced high- private limited company as “Asian Galaxy Private Limited” voltage cables up to 11 KV with new plant setup. _ | 2021 2022 cil | | Listed on the National Stock Exchange Established a new facility using Gas Cured CCV tech
Slide 22: Our Segments An Overview
Our Segments An Overview Fast Moving Electrical Goods Wires & Cables
Slide 23: House & Building Wire
V-MARC INDIA'S i SAFEST } . WIRE Powering Every “8 i Home Safely i House & Building Wire
Slide 24: Low Voltage & Communication Cables
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Slide 25: MVCC & HT Cable
V-MARC Advanced Cables For Modern Infrastructure MVCC & HT Cable
Slide 26: Solar Solutions
V-MARC Brightening Lives with Solar Energy Solar Solutions
Slide 27: FMEG Products
V-MARC Smart Electrical Solutions For Modern Living FMEG Products
Slide 28: Our Presence
Our Presence 25 States & UT presence 150+ Turnkey EPC contractors 1,200+ Dealer network
Slide 29: Our Esteemed Clientele
Our Esteemed Clientele Vv V-MARC adani|| Ep) || <7 | meron} [aston 2 A NX y RA, yesH = VIVIANA ADVAIT INFRATECH <a TATA TATA POWER SOLAR|
Slide 30: Industry Background
V-MARC 04 Industry Background
Slide 31: Industry Background
Industry Background India’s cables & wires market — size, growth and the renewable-led demand shift ₹900 bn 13–14% ₹1,467 bn 14–15% FY25 market size FY25–29 CAGR (~2x GDP) FY29 market size cable share of T&D capex Market size (₹ bn) Industry momentum (FY26) Installed capacity (GW) 15–16% Revenue gro
Slide 32: Growth and Demand Drivers
Growth and Demand Drivers Five structural tailwinds expanding India’s cable demand 01 02 03 04 05 Public Capex Push Urban Housing Build- Renewable Energy Grid & Transmission Out Build-Out EV Charging Rollout Investment ~299 GW renewable FY27 Union Budget lifts PMAY-Urban 2.0 sanctions Public chargin
Slide 33: Growth Outlook
V-MARC os Growth Outlook
Slide 34: Growth Outlook
Growth Outlook Revenue Capacity & Capex We are revising FY27 revenue growth guidance upward to 60%+, from Installed capacity reached 2.60 lakh km at Sep-26, up from 2.12 lakh km at 40%+ at Q1. H1 FY27 revenue grew 84.4% YoY to Rs 12,754 Mn, 44% of Mar-26, after H1 FY27 capex of Rs 1,064 Mn (CWIP Rs
Slide 35: Brand Building & Awareness
06 Brand Building & Awareness
Slide 36: IPL Partnership – Mumbai Indians
IPL Partnership – Mumbai Indians
Slide 37: Events & Exhibitions - Global
Events & Exhibitions - Global Product Launch - Thailand Product Launch – Saudi Elenex Product Launch – Kingdom of Bahrain T&D Confrence & Expo - USA Bhutan Construction Expo - Bhutan Intersolar Europe - Germany
Slide 38: Events & Exhibitions - Domestic
Events & Exhibitions - Domestic Bharat Electricity Summit – New Delhi Annual Sales Meet - Haridwar Contractor Meet - Udaipur The Energy Exchange - Jaipur Corporate Meet - Jammu EL Asia - Bengaluru 10th Assocham Date Centre – Hyderabad Electrical Exhibition - Ahmadabad Conwoo - Siliguri Ecamex - Mumb
Slide 39: Bus Branding
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Slide 40: Processes to Progress - Digitally
Processes to Progress - Digitally V-MARC is evolving and advancing towards a digital-first management ecosystem, integrating - CRM, HRMS & production data for seamless and real-time information flow. This digital transformation is enabling greater transparency, faster decision-making, improved proce
Slide 41: Customer Relationship Management
Customer Relationship Management
Slide 42: Production CRM
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Slide 43: Leadership & Shareholding
07 Leadership & Shareholding
Slide 44: Board of Directors
Board of Directors Mr. Vikas Garg Mr. Deepak Prabhakar Tikle Chairman & Managing Director Executive Director Mr. Vikas Garg, Promoter, Chairman and Managing Director of V-Marc India, is a 32 years of experience in Profit Centre Operations, Sales & Marketing, Plant seasoned leader with over 3 decades
Slide 45: Management Team
Management Team Mr. Divya Kiran Bansal Mr. Neeraj Kumar Khatod Chief Financial Officer Vice President - Sales & Marketing Mr. Divya Kiran Bansal is a Chartered Accountant in whole time employment with a vast experience 20+ year of experience in Sales & Marketing in Wires & Cables Industry. He Holds
Slide 46: Shareholding Pattern (30th September 2026)
Shareholding Pattern(30th September 2026) Shareholding Key Statistics(30th September 2026) NSE Ticker VMARCIND IPO Listing Date 09 April 2021 35.13% Share Price(Rs) 334.80 Promoters As on Public & Others Market Cap(Rs Bn) 49.05 30th September 2026 Shares Outstanding 146.52 Mn 64.87% Promoter Holding
Slide 47: Thank You
THANK YOU Let’s grow together, Email: [email protected]