Ksh International Ltd. · NSE:KSHINTL
Ksh International — Q2 FY2027 Earnings Presentation
23 slides from Ksh International's earnings presentation, Nov 4, 2026
Slide 1: Cover letter to BSE and NSE on investor presentation
November 04, 2026 The Manager, The Manager, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 544664 NSE Symbol: KSHINTL Sub.: Investor presentation on th
Slide 2: Earnings Presentation Q2 & H1 FY2027
EARNINGS PRESENTATION Q2 & H1 FY2027
Slide 3: KSH in a Snapshot
KSH in a Snapshot Robust Demand Environment High Entry Barriers HVDC Advantage Transformer capacity in India to Ultra-precision technology Only Indian supplier approved for triple from ~110 GVA to ~300 GVA engineered products, stringent HVDC transformers. Received by FY28E*. Key drivers include vend
Slide 4: Annual Snapshot in Numbers
Annual Snapshot in Numbers 45+ Year Track Record 5 Manufacturing Plants 57,845 MTPA Manufacturing Capacity* 24+ Export Countries 120+ Domestic and Global OEM Customers 97% Repeat Revenue# 21.1% 25.0% ROE* ROCE* 43.6% Revenue CAGR # 56.3% EBITDA CAGR# INR 97,600 * EBITDA per ton 60.6% PAT CAGR# *As o
Slide 5: Key Differentiators with High Barriers to Entry
Key Differentiators with High Barriers to Entry High Value-Added Wire Embedded in Critical Recurring and Sustainable Diversified Yet Deep Player Infrastructure Ecosystem Business Model Customer Base • Leader in high-voltage power • Metal prices fully passed through • Top 10 contribution declining tr
Slide 6: Why KSH?
Why KSH? Leading Manufacturer of Specialized Magnet Winding Wires in India Expertise in Ultra-Precision Manufacturing for Large (UHV/EHV) & HVDC Transformers EV-Focused Specialized and Standard Magnet Wires Long-Standing Relationships with Diversified Global Customers Certified and Approved Vendor t
Slide 7: Strategically Located Manufacturing Footprint with Scalable Capacities
Strategically Located Manufacturing Footprint with Scalable Capacities Strategically located Manufacturing Facility within close Proximity to the Port & Customers Unit 1: Taloja Unit 2: Chakan Unit 3: Chakan Unit 4: Supa Sales Volume (MTPA) & Capacity Utilization Completed Phase-I+Part of Phase II-
Slide 8: Diversified End-Market with Strong Global Customer Base
Diversified End-Market with Strong Global Customer Base Diversified End-Use Industry Power Renewables Industrials Railways Data Centers EV & ICE Home Appliances Refrigeration & AC Strong clientele base Investor Presentation | KSH International Limited 7
Slide 9: Comprehensive Suite of Magnet Winding Wires
Comprehensive Suite of Magnet Winding Wires Specialized Magnet Winding Wires (75.3% Revenue Share*) • Focused on high-specification conductors used in transformer and high-voltage applications Revenue (INR Mn) • 0.0 6 Characterized by technical complexity, stringent quality standards and long approv
Slide 10: Product Portfolio & Key Applications
Product Portfolio & Key Applications Specialised Magnet Winding Wires (75.3% Revenue Share1) Our Products End use Industry End use Application Continuously Transposed HVDC Transformers Traction Transformer 765 kV Transformers & Reactors Loco-Traction Transformer Conductors Rectangular Enamelled Copp
Slide 11: Raw Material Pass-Through Mechanism Supporting Stable Profitability
Raw Material Pass - Through Mechanism Supporting Stable Profitability Copper-Linked Revenue Model - Margin Mechanics An EXAMPLE: Impact of Changes in Price of Copper 100 100 100 Revenue = Copper Price (Pass-Through) + Value-Add Copper Pricing Structure • Copper component is fully linked to market pr
Slide 12: Slide 12
Slide 13: Q2-FY27 Financial Highlights
Q2-FY27 Financial Highlights Revenue from Operations (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 0.0 6 +85.33% 0.0 5 13,197 +62.16% 11,642 0.0 4 480 +94.79% 422 0.0 3 897 7,121 744 296 0.0 2 461 0.0 1 0 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 EBITDA per ton Specialized Sale
Slide 14: H1-FY27 Financial Highlights
H1-FY27 Financial Highlights Revenue from Operations (INR Mn) EBITDA (INR Mn) PAT (INR Mn) +95.45% 0.0 6 +89.93% +72.51% 24,839 1,641 902 0.0 5 0.0 4 864 523 12,709 0.0 3 0.0 2 0.0 1 0 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 EBITDA per ton Specialized Sales and Volume Standard (MT)Revenue +4
Slide 15: Management Commentary
Management Commentary “During the second quarter, we focused on increasing utilization of our expanded capacity, particularly for Specialized Magnet Winding Wires, driven by domestic and international OEMs. Strong export growth fuelled higher contribution to revenue mix. Meanwhile, we also completed
Slide 16: Strategic Expansion of Specialized Wire Capacity at Supa
STRATEGIC EXPANSION OF SPECIALIZED WIRE CAPACITY AT SUPA KEY DETAILS PLANNED CAPITAL INVESTMENT Location Up to Rs 1,850 Mn Supa, Ahilyanagar Project type Brownfield expansion + Land Acquisition Expected completion SPECIALIZED WIRE CAPACITY EXPANSION Q1 FY2029 72,200 +22% MT 59,045 MT Transformers Ra
Slide 17: Quarterly Financial Performance
Quarterly Financial Performance Income Statement (INR Mn) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q Revenue from Operations 13,197 7,121 85.33% 11,642 13.35% Cost of Goods Sold 11,832 6,365 10,479 Gross Profit 1,365 756 80.55% 1,163 17.37% Gross Profit Margin % 10.34% 10.62% 9.99% Employee benefits expens
Slide 18: Half Yearly Consolidated Financial Performance
Half Yearly Consolidated Financial Performance Income Statement (INR Mn) H1 FY27 H1 FY26 Y-o-Y Revenue from Operations 24,839 12,709 95.45% Cost of Goods Sold 22,312 11,302 Gross Profit 2,527 1,407 79.64% Gross Profit Margin % 10.17% 11.07% Employee benefits expenses 292 236 Other Expenses 594 307 E
Slide 19: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY24 FY25 FY26 H1 FY27 Revenue from Operations 13,828 19,283 31,070 24,839 Cost of Goods Sold 12,318 17,144 27,864 22,312 Gross Profit 1,510 2,139 3,205 2,527 Gross Profit Margin % 10.92% 11.09% 10.32% 10.17% Employee benefits expenses 337 397 529 292
Slide 20: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn)16 FY24 FY25 FY26 H1 FY27 Particulars (INR Mn) FY24 FY25 FY26 H1 FY27 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity (a) Equity Share Capital 57 284 339 339 Property, Plant & Equipment 1,327 1,269 3,075 4,045 (b) Other Equity 2,253 2,701 7,742 8,
Slide 21: Historical Financial Highlights
Historical Financial Highlights Revenue from Operations (INR Mn) EBITDA (INR Mn) & Margin (%) PAT (INR Mn) & Margin (%) 0.0 6 31,070 1,921 -0.14 24,839 1,641 1,101 -0.34 19,283 1,225 902 13,828 -0.54 680 10,495 715 -0.74 499 374 266 3.53% 3.54% 3.63% 6.61% -0.94 5.17% 6.35% 6.18% 2.70% 4.75% 2.53% -
Slide 22: Capital Market Information
Capital Market Information Stock Performance up to September 30, 2026 250% Top Shareholders as on Sept 30, 2026 Holding (%) 200% 150% MALABAR Fund/Investment 2.45 100% HSBC Mutual Fund 1.90 50% 0% HDFC Mutual Fund 1.18 -50% Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 LIC Mu
Slide 23: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d