ISGEC Heavy Engineering Ltd. · NSE:ISGEC
ISGEC Heavy Engineering — Q2 & H1 FY27 Earnings Presentation
38 slides from ISGEC Heavy Engineering's earnings presentation, Nov 5, 2026
Slide 1: Exchange filing cover letter for investor presentation
~ ISGEC - - - - -- - - - -- -- "--- -=---==...,J ISGEC HEAVY ENGINEERING LTD . - - - - - -- -----------A--4-. S-e-c-to-r-2-4. ---.....::::::: Naida - 201 301 (U.P.) India {GST No.: 09AAACT5540K2Z4) Tel .. +91-120-4085000/01 /02 Fax: +91-120-2412250 E-mail.· [email protected] www.isgec.com Date: Nov
Slide 2: ISGEC Heavy Engineering Ltd. Investor Presentation Q2 & H1 FY27
ISGEC Heavy Engineering Ltd. Investor Presentation Q2 & H1 FY27 One of the world’s largest cement waste heat recovery boilers, supplied by ISGEC, generating 34.5 MW of power from a single line
Slide 3: Safe Harbor
Safe Harbor This Presentation and the accompanying slides (the “Presentation”), which have been prepared by Isgec Heavy Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Table of Contents
01 Company Overview 02 Performance Highlights Q2 & H1 FY27 03 Annual Performance Highlights 04 Order Book Table of Contents 05 Annexures State-of-the-art 220 KLPD Ethanol & 150 KLPD ENA/EQRS plant, powered by high- efficiency distillation tech supplied in Maharashtra, India
Slide 5: Company Overview
01 Company Overview Multi-feed 500 KLPD plant (400 KLPD Syrup/Molasses + 100 KLPD Grain Ethanol/ENA)
Slide 6: ISGEC at a Glance
ISGEC at a Glance Global Reach with Clients across 99 Technology Partnerships with Countries, 6 continents Leading Global Companies 93+ Years and Going Strong Diversified Company (Manufacturing of Machinery & Robust Order Book & Strong Credit Equipment, Industrial Projects and Profile (AA Stable and
Slide 7: 93+ Years & Going Strong
93+ Years & Going Strong Incorporated in 1933 as a Sugar Manufacturing Company. Transformed into a Diversified Heavy Engineering Company with 87% Consolidated Revenue* from Engineering Products and Projects 1933 1988 2009 2020 Isgec, then known as Saraswati Sugar Isgec Thompson Ltd. (IJT) signed a •
Slide 8: Diversified Business Model
Diversified Business Model 50% Revenue* 38% Revenue* 12% Revenue* Industrial Projects Manufacturing of Machinery & Equipment Sugar & Ethanol Single-point turnkey responsibility from concept to Nine facilities in India and one in Canada. Engineering- A premier Indian sugar producer with commissioning
Slide 9: Serving Marquee Clientele across Sectors
Serving Marquee Clientele across Sectors ISGEC Heavy Engineering Ltd. | Investor Presentation | Q2 & H1 FY27 8
Slide 10: Successfully Executed Orders
Successfully Executed Orders 1,000+ 900+ 300+ Boilers Supplied Cane Mills Electrostatic Precipitators Supplied Industrial, Green & Power Emission Control Installations 6,000+ 250+ 90+ 220+ Presses Supplied Sugar Plants & Distilleries Across 5 Continents Power Plants Bag Filters Largest Supplier Glob
Slide 11: Manufacturing Excellence Powering a Global Client Base
Manufacturing Excellence Powering a Global Client Base World-Class Manufacturing Facilities Powering Global Operations Manufacturing Plants – India Yamunanagar, Haryana Rattangarh, Haryana Pressure Vessels, Heat Exchangers & Reactors • Boiler Pressure Parts Presses– Mechanical & Hydraulic • Process
Slide 12: Revenue Diversification across Geographies
Revenue Diversification across Geographies Equipment supplied in 99 countries across 6 continents Consolidated Revenue (in Rs. Mn) 67,893 64,040 64,250 62,193 10,762 17% 8,110 13% 8,859 14% 15,952 23% 53,278 83% 54,083 87% 55,391 86% 51,941 77% FY23 FY24 FY25 FY26 Domestic International ISGEC Heavy
Slide 13: Strategic Technology Partnerships
Strategic Technology Partnerships NEM Energy B.V., CB&I Technology Inc., Babcock Power Thermal Engineering Fuel Tech Inc., Netherlands USA Environmental Inc., International (TEi), USA USA USA Amec Foster Wheeler, AP&T, Sumitomo SHI FW BHI FW Corporation, Envirotherm Gmbh, (now with Wood Group, Swede
Slide 14: Distinguished Board of Directors
Distinguished Board of Directors Mr. Ranjit Puri Mr. Aditya Puri Mr. Kishore Chatnani Mr. Sanjay Gulati Chairman Managing Director Joint Managing Director and Joint Managing Director and Chief Financial Officer Head – Manufacturing Units Education : B.Sc. Industrial Education : B.A. (Hons.) from St.
Slide 15: Distinguished Board of Directors
Distinguished Board of Directors Mr. Arvind Sagar Mrs. Rashi Sikka Mr. Rajiv Roy Chaudhury Mr. Vivek Dhir Independent Director Independent Director Independent Director Independent Director Education : B.Tech. in Mechanical Education : PGD in Management Education : MBA and BA in Education : Chemical
Slide 16: Performance Highlights
02 Performance Highlights 35 MW Turnkey Captive Power Plant with 150 TPH CFBC Boiler, STG, ACC and Civil Works, Executed by ISGEC for Manaseer Industrial Complex, Jordan
Slide 17: Q2 & H1 FY27 Snapshot - Standalone
Q2 & H1 FY27 Snapshot - Standalone Key Financials Total Income Growth YoY PBT Growth YoY Q2 FY27 H1 FY27 Q2 FY27 H1 FY27 18% 33% 38% 24% Segmental Manufacturing of Machinery & Equipment Industrial Projects Revenue Growth YoY Revenue Growth YoY Q2 FY27 H1 FY27 Q2 FY27 H1 FY27 17% 38% 22% 37% ISGEC He
Slide 18: Key Financial & Segmental Highlights – Standalone – Q2 FY27
Key Financial & Segmental Highlights – Standalone – Q2 FY27 (in Rs. Mn) Standalone Financials Segmental Revenue & EBIT Margin (%) Total Income Manufacturing of Machinery & Industrial Projects Equipment 15,853 15,208 12,928 13.1% 11.9% 13.7% 4.2% 5.3% 5.7% 10,962 Q2FY26 Q1FY27 Q2FY27 10,148 PBT & PBT
Slide 19: Key Financial & Segmental Highlights – Standalone – H1 FY27
Key Financial & Segmental Highlights – Standalone – H1 FY27 (in Rs. Mn) Standalone Financials Segmental Revenue & EBIT Margin (%) Total Income Manufacturing of Machinery & Industrial Projects Equipment 31,062 23,377 13.8% 12.8% 4.4% 5.5% 11,013 21,110 H1FY26 H1FY27 7,969 15,440 PBT & PBT Margin (%)
Slide 20: Profit from Business Operations (Standalone)
Profit from Business Operations (Standalone) – (in Rs. Mn) Quarter Ended Half Year Ended Year Ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Sales Revenue 14,566 15,530 12,431 30,096 22,269 52,286 Growth from corresponding previous period 17% 35% Profit as per st
Slide 21: Exports Business Gaining Momentum – Standalone
Exports Business Gaining Momentum – Standalone (in Rs. Mn) FY26 FY27 Exports, Rs. Mn 5,570 Exports as Share of Total Income 4,250 11% 18% Q2 FY27 H1 FY27 vs. 7% in Q2 FY26 1,720 Outlook • Healthy enquiries from Latin America, 900 Africa and Southeast Asia • Weaker rupee supports export competitivene
Slide 22: Robust Cash Flows & Strong Balance Sheet - Standalone
Robust Cash Flows & Strong Balance Sheet - Standalone (in Rs. Mn) Free Cash Flow Key Balance sheet Particulars H1 FY26 H1 FY27 Particulars Mar 26 Sep 26 Change Op. Profit before WC 1,722 2,646 Net worth 27,336 28,953 +1,617 WC Release / (Build-up) (393) 1,078 Gross debt 6,661 5,985 −676 Income Tax P
Slide 23: Q2 & H1 FY27 Snapshot - Consolidated
Q2 & H1 FY27 Snapshot - Consolidated Key Financials Total Income Growth YoY PBT Growth YoY Q2 FY27 H1 FY27 Q2 FY27 H1 FY27 10% 25% 102% 62% Segmental Manufacturing of Industrial Projects Sugar & Ethanol Revenue Machinery & Equipment Revenue Growth YoY Growth YoY Revenue Growth YoY Q2 FY27 H1 FY27 Q2
Slide 24: Key Financial & Segmental Highlights (Consolidated) – Q2 FY27
Key Financial & Segmental Highlights (Consolidated) – Q2 FY27 (in Rs. Mn) Consolidated Financials Segmental Revenue & EBIT Margin (%) Manufacturing of Total Income Industrial Machinery & Sugar & Ethanol Projects Equipment 19,935 (Excludes Ethanol Plant at 18,596 Philippines) 16,963 14.8% 11.3% 13.5%
Slide 25: Key Financial & Segmental Highlights (Consolidated) – H1 FY27
Key Financial & Segmental Highlights (Consolidated) – H1 FY27 (in Rs. Mn) Consolidated Financials Segmental Revenue & EBIT Margin (%) Manufacturing of Total Income Industrial Machinery & Sugar & Ethanol Projects 38,531 Equipment (Excludes Ethanol Plant at 30,706 Philippines) 14.3% 12.3% 4.6% 5.4% 2.
Slide 26: Annual Performance Highlights
03 Annual Performance Highlights 21 Presses Commissioned in Vietnam delivering end-to-end turnkey solutions, including 4 high-speed Tandem Press Lines with complete automation
Slide 27: Key Financial Highlights – Annual
Key Financial Highlights – Annual (in Rs. Mn) Consolidated Financials Total Income EBITDA* & EBITDA Margin (%) PAT & PAT Margin (%) 7.3% 8.8% 8.8% 9.7% 3.2% 4.6% 3.2% 2.2% 69,223 64,117 64,644 62,404 6,713 2,844 5,481 5,661 4,673 2,055 2,044 1,540 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY
Slide 28: Segmental Highlights – Annual
Segmental Highlights – Annual (in Rs. Mn) Revenue & EBIT Margin (%) Consolidated Financials Manufacturing of Machinery & Industrial Projects Sugar & Ethanol Equipment (Excludes Ethanol Plant at Philippines) 11.7% 10.2% 11.7% 13.8% 4.4% 3.9% 4.6% 4.7% 9.2% 9.9% 8.8% 4.5% 27,646 37,021 11,166 33,919 3
Slide 29: Order Book
04 Order Book 8 Nos. 500〖" m" 〗^2 & 2 Nos. 2,000〖" m" 〗^2 HSA Falling Film Evaporators (FFE) | Uttar Pradesh, India
Slide 30: Robust Order Book Provides Strong Visibility – Standalone
Robust Order Book Provides Strong Visibility – Standalone (in Rs. Mn) Order book movement, Rs. Mn Order Book, 30 Sep 2026 Rs. 87,570 Mn +48,440 −30,096 All-time High 87,570 Orders booked, H1 FY27 69,460 Rs. 48,440 Mn 1.6x H1 Revenue (book-to-bill) Revenue visibility 1.7x Order Book / FY26 Revenue Op
Slide 31: Robust Order Book (Consolidated)
Robust Order Book (Consolidated) Order Book as at end of Quarter / Financial Year (in Orders Booked during the Quarter (in Rs. Mn) Rs. Mn) 1,02,728 29,919 27,330 83,210 79,050 80,770 79,840 17,330 14,610 12,650 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 FY23 FY24 FY25 FY26 H1 FY27 ISGEC Heavy Engineering Lt
Slide 32: Order Book Composition (Consolidated)
Order Book Composition (Consolidated) Order Book : Rs. 1,02,728 Mn (as on 30th September 2026) Sector wise Geography wise Segment wise 12% 28% 38% 62% 72% 88% Industrial Projects PSU & Government Private International Domestic Manufacturing of Machinery & Equipment ISGEC Heavy Engineering Ltd. | Inv
Slide 33: Diversified across Sectors
Diversified across Sectors Railways Chemical Power Space Fertilizer Automobile Cement Defence Consolidated Order Book Rs. 1,02,728 Mn * Water Mines Sugar Ports Distillery Oil & Gas Paper Steel Treatment Composition by Industry 9% 15% 12% 18% 16% 18% 12% Refineries Power Steel, Cement & Sugar Chemica
Slide 34: Annexures
O05 Annexures
Slide 35: Corporate Structure: Subsidiaries, Joint Ventures & Associates
Corporate Structure : Subsidiaries, Joint Ventures & Associates Subsidiaries Joint Ventures Associate SFW Isgec Energy Pvt. Isgec Titan Metal Saraswati Sugar Mills Ltd., India – 2026 100% Fabricators Pvt. Ltd., 51% 26% Ltd., India -1933 (Formerly Isgec SFW India – 2015 Boilers Pvt. Ltd. – 2015) Whol
Slide 36: Shareholders Information
Shareholders Information Shareholding Structure – 30th September 2026 Shareholder Information as on 30th September 2026 BSE Ticker 533033 62.43% NSE Symbol ISGEC Promoter Market Cap (in Rs. Mn) 64,934 8.95% Mutual Fund % Free- float 37.57% 3.86% FPI Free Float Market Cap (in Rs. Mn) 24,396 0.43% Sha
Slide 37: Driving Sustainable Growth through a Steadfast Commitment to ESG
Driving Sustainable Growth through a Steadfast Commitment to ESG Promoting circular Over the years, economy by reusing increased the mix of Significantly scrap and Ensuring no human Formulating renewable energy in decreased the water minimising the rights get violated policies on all good total capa
Slide 38: Thank You
Thank You Isgec Heavy Engineering Limited [email protected] | www.isgec.com Registered Office Radaur Road, Yamunanagar - 135001, Haryana, India CIN No.: L23423HR1933PLC000097 For more information contact : Ernst & Young LLP Rohit Anand I Riddhant Kapur [email protected] I [email protected].
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