Sejal Glass Limited · NSE:SEJALLTD
Sejal Glass — Q2 FY27 Earnings Presentation
33 slides from Sejal Glass's earnings presentation, Oct 19, 2026
Slide 1: Regulation 30 filing cover letter to stock exchanges
Ref: SGL/Compliance/2026-27/101 October 19, 2026 Listing / Compliance Department Listing/Compliance Department BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 5
Slide 2: Sejal Glass Limited Investor Presentation
Sejal Glass Limited Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the Presentation), which have been prepared by Sejal Glass Limited (Sejal Glass, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall
Slide 4: Company Overview: From Glass Trading To Integrated Manufacturing
Company Overview: From Glass Trading To Integrated Manufacturing Sejal Glass Limited is a architectural glass manufacturing company with 28 years of presence in the glass industry. The Company started architectural glass manufacturing in 1998 and today converts float glass into value-added products
Slide 5: Key Facts & Figures
Key Facts & Figures Company vision icon 35 Years 26 Years 2 4 Glass Industry Architectural Glass Countries of Manufacturing Facilities Presence manufacturing manufacturing Experience Operations 61.9 Lakh Sq. Mt. 54% 750+ 8 Annual Processing Network Capacity Customers Across Product Brands Capacity U
Slide 6: Sejal Glass: From Foundation To Scale-up
Sejal Glass: From Foundation To Scale-up 1991 1998 2000 2007–2010 2011 2021 2022–2023 2025 2026 Foundation Incorporation Architectural Float Glass Strategic Exit Business Reset UAE Expansion Scale-Up & Integration & Glass Venture Specialisation Growth Sejal Glass Sejal Glass Entered Established a Ex
Slide 7: Management & Board Of Directors
Management & Board Of Directors Mr. Surji D. Chheda Mr. Jiggar L. Savla Chairman, Non-Executive Non-Independent Director Whole-Time Director 40+ years of experience across direct taxation, 20+ years of experience across finance, Mr. Amrut S. Gada audit, investments and financial consulting. operatio
Slide 8: Group Structure Across India & UAE
Group Structure Across India & UAE Markets Served India Pan-India projects; strongest in Mumbai region; expanding to Bengaluru, Ahmedabad, Surat, Nagpur Listed parent | Corporate office: Kandivali, Mumbai UAE All seven emirates; about 90% of UAE plant output is sold within the UAE Other GCC India Pl
Slide 9: Processing Model & Value Creation
Processing Model & Value Creation How Sejal Glass Makes Money What Sejal Glass Sells Source Float glass, PVB/SGP interlayers and Processed glass sold by square metre, with higher-value products other inputs commanding higher realisation. Cut & Process CNC cutting, edging, tempering and heat treatmen
Slide 10: Product Portfolio Across Glass Applications
Product Portfolio Across Glass Applications Why It Differs From India Sales Mix (Standalone) Brand / Product What It Is Typical Use Standard Glass Solid Glass Glass heated and 4-5x stronger; breaks Doors, façades, (toughened) quenched into small blunt pieces partitions Armor Glass Glass bonded with
Slide 11: Applications & Solutions Across Key End Markets
Applications & Solutions Across Key End Markets Application Glass Requirement Sejal Solution Evidence / Status Premium residential and Safe railings, heat control on tall India orders from Godrej, L&T, Prestige, Laminated, IGU high-rise façades Raheja (Jul 2026) Commercial IGU with coated glass, pri
Slide 12: Manufacturing Footprint & Capacity Across Geographies
Manufacturing Footprint & Capacity Across Geographies Location Role in network Key products Capacity FY26 Capacity By Country (Lakh Sq. Mt.) (Sq. Mt. p.a.) utilisation India UAE UT of Dadra & Mature base (since Toughened, Nagar Haveli, 10.68 lakh 64% 34.2 2000) laminated, IGU, décor India Silvassa 2
Slide 13: Silvassa Plant: Established Base with Capacity Headroom
Silvassa Plant: Established Base with Capacity Headroom Location Dadra, UT of Dadra & Nagar Haveli; operating since Utilisation By Line, Q2 FY27 Vs FY27 Target 2000 Q2 FY27 FY27 Target Plant area About 11,000 Sq. Mt. Capacity 10.68 lakh Sq. Mt. p.a.: tempering 7.80, IGU 1.80, 92% 93% lamination 1.08
Slide 14: Taloja & Erode Plants: Capacity Ramp-Up Underway
Taloja & Erode Plants: Capacity Ramp-Up Underway Capacity Other lines Purpose (Q4 FY26) Glasstech Integration 13.24 lakh Specialty Sq. Mt. p.a. IGU 40%, hub close to Tempering Capabilities the Mumbai 10 Apr 2025 lamination utilisation market; Business transfer agreement signed 16% in Q2 Digital FY27
Slide 15: UAE Operations: Strong Revenue & Profit Contribution
UAE Operations: Strong Revenue & Profit Contribution UAE Subsidiary - Turnover And Pat (₹ Cr) Quarterly Turnover (₹ Cr) Turnover PAT 97.4 287.5 84.1 81.5 74.8 73.0 180.7 104.4 29.0 99.01% Tempering ~90% AED ~78 mn ~10% 2.8 7.0 Holding in 88% in Q1 Share of IGU Order book, UAE market the Ras Al- FY27
Slide 16: Technology & Processing Capabilities
Technology & Processing Capabilities Existing Capabilities & Technology Partners New Capabilities And Status Lisec cutting lines (Austria); Intermac CNC Fire-rated Gel technology licensed from Polymer Cutting and CNC centres (Italy) glass Technology; line installed in UAE; commercial Pre-launch outp
Slide 17: Recent Business & Operational Developments
Recent Business & Operational Developments Orders Capacity coming 22 Jul 2026: UAE orders of AED 27.6 mn (~₹71 Cr) UAE third tempering line and fire-rated line for hospitality, residential and healthcare are being installed; commercial production projects, and India orders of ~₹50 Cr. is expected in
Slide 18: Key Business Strengths
Key Business Strengths Strategic sourcing through the Saint-Gobain Propel Exclusive fire-rated licence for Pre-2021 unabsorbed depreciation agreement and proximity to float glass plants near India and the UAE, three railway (₹170.6 Cr) and business losses Silvassa (Jhagadia) and Erode (Chennai) help
Slide 19: Capacity Utilisation & Operating Leverage
Capacity Utilisation & Operating Leverage Higher-value Broader customer Capacity in place Better product mix Higher utilisation Operating leverage Revenue and profit projects base Evidence That Utilisation Drives Margin Tempering Utilisation: Q2 FY27 Vs FY27-end Target Q2 FY27 FY27-end target 94% 88
Slide 20: Lakshya 2030 & FY27 Outlook
Lakshya 2030 & FY27 Outlook Speed Scale Sustainability Faster execution and customer Development of Sustainable Bigger footprint, portfolio business model, Efficient response and markets LAKSHYA plants; energy-saving products 2030 Plans For FY27 Growth Margins India Specialty GCC and exports Inorgan
Slide 21: India Glass Industry: Market Size & Competitive Landscape
India Glass Industry: Market Size & Competitive Landscape How The Industry Is Structured USD 3.9 Bn India flat glass market, 2025 Float glass Fabricators / Processors Projects makers façade firms Few and large. Many: organised, Install glass in Developers, contractors, Saint-Gobain holds semi-organi
Slide 22: GCC Glass Market: Construction & Project Opportunities
GCC Glass Market: Construction & Project Opportunities What Supports Demand AED 189.6 Bn UAE construction output forecast for 2026, +6.2% 4.8% UAE construction CAGR forecast, 2026-2030 (7.3% in 2021-25) USD 2.0 Tn Upcoming GCC projects; Saudi ~50%, UAE 27.5% Beyond Dubai Hospitality and healthcare F
Slide 23: Glass Industry: Key Growth Drivers & Market Opportunities
Glass Industry: Key Growth Drivers & Market Opportunities Driver Evidence Demand Impact Relevance to Sejal India gross office leasing hit a record 83.3 mn sq. ft. More curtain walls and solar- Office leasing IGU headroom at Silvassa (30%) and Taloja in 2025 and 21.5 mn sq. ft. in Q1 2026 (JLL) contr
Slide 24: Q2 FY27 Consolidated Financial Highlights
Q2 FY27 Consolidated Financial Highlights Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin 160.00 20.00% 25.00 15.00% 139.86 35.00 140.00 19.00% 18.35% 13.00% 30.00 20.00 120.00 10.31% 18.00% 25.66 11.00% 105.04 25.00 17.03% 100.00 17.00% 14.42 9.00% 7.73% 15.00 20.00 80.00 17.89 16.00
Slide 25: H1 FY27 Consolidated Financial Highlights
H1 FY27 Consolidated Financial Highlights Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin 300.00 23.00% 40.00 13.00% 259.29 60.00 250.00 35.00 11.00% 16.85% 16.62% 18.00% 50.00 30.00 8.34% 43.68 9.00% 200.00 182.81 25.00 6.86% 13.00% 40.00 21.63 7.00% 150.00 30.38 20.00 30.00 5.00% 8.
Slide 26: Q2 & H1 FY27 Consolidated Profit & Loss Statement
Q2 & H1 FY27 Consolidated Profit & Loss Statement In ₹ Cr Particulars Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY Net Sales 138.09 103.99 256.04 181.14 Other Income 1.76 1.06 3.25 1.67 Total Income 139.86 105.04 33.14% 259.29 182.81 41.84% Raw material 77.34 60.64 146.49 107.32 Employee Cost 14.52 10.90
Slide 27: Consolidated Financial Highlights
Consolidated Financial Highlights Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin 450 100.00 18.00% 40.00 10.00% 16.52% 7.23% 401.36 400 90.00 16.00% 4.50% 35.00 14.43% 5.00% 80.00 2.02% 350 14.00% 12.94% 30.00 29.03 300 70.00 66.32 12.00% - 25.00 244.95 60.00 250 10.00% 50.00 20.00 (
Slide 28: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY26 FY25 FY24 Revenues 396.50 243.58 163.8 Other Income 4.85 1.37 0.93 Total Income 401.36 244.95 164.7 Raw Material Expenses 231.12 148.49 105.1 Employee Costs 44.01 27.08 19.01 Other Expenses 59.91 34.04 19.36 Total Expenditure 335.03 209.6
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equities & Liabilities FY26 FY25 FY24 Assets FY26 FY25 FY24 Equity 11.40 10.10 10.10 Non Current Assets Reserves 139.92 27.99 19.01 Fixed Assets 202.59 120.69 119.9 Net Worth 151.32 38.09 29.11 Non Current Investments 32.17 2.63 5.54 Other Non Current Financial Ass
Slide 30: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement In ₹ Cr Particulars FY26 FY25 FY24 Cashflow from Operations 51.04 (5.70) (9.19) Cashflow from Investments (120.05) (0.36) (40.70) Cashflow from Financing 76.10 9.07 48.63 Net Cash Flow 7.09 3.01 (1.25) Investor Presentation 29
Slide 31: Stock Data
Stock Data As on 19-10-2026 As on 30-06-2026 BSE: SEJALLTD | 532993 | INE955I01044 Share Holding Pattern Share Price (₹) 855.35 30.04% Market Capitalization (₹ Cr) 975.10 Promoter & Promoter Group FIIs No. of Shares Outstanding 1,14,00,000 4.54% DIIs 0.19% Public Face Value (₹) 10.00 69.96% 52 Week
Slide 32: Investment Rationale
Investment Rationale Capacity Headroom 61.94 Lakh Sq. Mt. capacity at 54% utilisation; ₹600–650 Cr Revenue potential from current capacity India Ramp-Up Taloja utilisation improved from 33% to 55%; focus on scaling Taloja, Erode and Silvassa Strong UAE Base ₹29 Cr FY26 PAT; ~AED 78 Mn order book; th
Slide 33: Thank You
Thank You Sejal Glass Limited 173/174, Sejal Encasa, 3rd Floor, S.V. Road,Kandivali (West), Mumbai-400067. phone: +91-22-2866 5100 / 6932 5100 Website: www.sejalglass.co.in Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604 E-mail: [email protected] Phon