AGM Presentation

JASH ENGINEERING LIMITED 52nd Annual General Meeting 23rd September 2026 E Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or A phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", seek to", "future", "objective", "goal", "likely", "project", "should", "potential", "will pursue", and similar expressions of such expressions may constitute "forward-looking statements", These forward looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, our growth and expansion plans, obtain regulatory approvals, our provisioning policies, technological changes, investment and business income, cash flow projections, our exposure to market risks as well as other risks. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof. B Growing Stronger, Year After Year (Consolidated) Revenue grew ~5x from ₹161 Cr in FY17 to ₹757 Cr in FY26, driven by capacity expansion, strategic acquisitions, diversified portfolio, and growing global presence ₹ 1,500 (₹ crores) Contribution Within India: 44.5% Outside India: 55.5% Contribution Within India: 93.0% 1% YoY Outside India: 7.0% 43% YoY ₹ 757 ₹ 746 26% YoY 11% YoY ₹ 522 24% YoY 12% YoY 6% YoY ₹ 374 ₹ 415 42% YoY 12% YoY ₹ 255 ₹ 286 ₹ 302 ₹ 161 ₹ 180 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26* FY31P *FY26 performance remained muted due to external headwinds such as US tariff impacts, geopolitical disruptions, and supply chain constraints, which affected execution timelines and delayed revenue recognition. www.jashindia.com 3 FY26 Financial Snapshot (Consolidated) Gross Profit (₹Cr) & Total Revenue (₹Cr) EBITDA (₹Cr) & Margin (%) Margin (%) 756.7 56% 19% 745.6 431.7 16% 415.3 1% 4% (11)% 122.7 138.0 YoY YoY YoY Growth Growth Growth FY25 FY26 FY25 FY26 FY25 FY26 Profit Before Tax (₹Cr) Profit After Tax (₹Cr) 107.6 86.8 90.1 75.5 (16)% (13)% Growth Growth FY25 FY26 FY25 FY26 www.jashindia.com 4 Standalone Performance Overview JASH ENGINEERING* RODNEY HUNT WATERFRONT FLUID CONTROLS# Total Revenue (₹Cr) Total Revenue (₹Cr) / ($Mn) Total Revenue (₹Cr) / (£Mn) 37.5 523.1 324.4 36.1 284.9 509.0 £ 2.9 £ 3.0 Mn Mn (3)% $ 34.3 $ 30.1 (12)% 4% Mn Mn YoY YoY YoY Growth Growth Growth FY25 FY26 FY25 FY26 FY25 FY26 PAT (₹Cr) PAT (₹Cr) / ($Mn) PAT (₹Cr) / (£Mn) 21.8 75.3 68.1 - £ 0.3 $2.3 - £ 0.4 12.1 Mn Mn Mn (10)% (44)% $ 1.3 YoY Mn YoY -3.9 Growth Growth -5.4 FY25 FY26 FY25 FY26 FY25 FY26 *Shivpad got merged with Jash Engineering #Waterfront FY25 includes 11 months www.jashindia.com 5 FY26 Revenue Composition (Consolidated) Hydropower & Pumping , Process Equipment and others Europe & Africa 7.3% 8.0% Far and Southeast Asia 10.7% Valves 13.5% USA 35.5% Product Geographical Contribution Contribution 16.5% Screening 62.0% Water Control Equipment Gates 2.0% 44.5% India Middle East www.jashindia.com 6 Profitability Trend (Consolidated) (₹ crores) 18% 19% 19% 15% 16% 14% 16% 12% 13% 12% 10% 10% 6% 7% 31% YoY 0% 11% YoY 36% YoY 123 105 30% YoY 46% YoY 13% YoY 29% YoY 87 19% YoY 77 76 3% YoY 61% YoY 55% YoY 67 115% YoY 55 53 5% YoY 52 46 52% YoY 161% YoY 43% YoY 30 31 32 2190% YoY 20 FY17 FY18* FY19 FY20 FY21 FY22 FY23 FY24 FY25** FY26^ EBITDA PAT EBITDA Margin PAT Margin *Profitability was impacted in FY18 due to initial setup costs for USA operations, including higher salaries and airfreight expenses to meet delivery timelines ^FY26 performance remained muted due to external headwinds such as US tariff impacts, geopolitical disruptions, and supply chain constraints, which affected execution timelines and delayed revenue recognition. ** FY25 figures have been restated. www.jashindia.com 7 Rising Order Book Through Every Cycle ₹ in Crores ₹ 937 ₹ 827 ₹ 808 ₹ 784 ₹ 603 Within India ₹296 Cr | 32% ₹ 435 ₹ 390 ₹ 339 Outside India ₹641 Cr | 68% FY20 FY21 FY22 FY23 FY24 FY25 FY26 YTD 1st Sep 26* Order book remains healthy, driven by sustained demand for our products across domestic and international markets. Strong order inflows and a robust project pipeline position the company well to maintain its growth momentum Note: * Combined order booking after deducting inter-company orders www.jashindia.com 8 Consolidated Order Pipeline as on 1st September 2026 Within India Within India ₹ 31 Cr ₹ 26 Cr Outside India Outside India ₹ 35 Cr ALREADY UNDER ₹ 60 Cr NEGOTIATED NEGOTIATION Combined: ₹ 66 Cr Combined: ₹ 86 Cr www.jashindia.com 9 Consolidated Sales Outlook for FY26-27 Sales Outlook (Consolidated) ₹875 Cr* Within India Outside India ₹320 Cr ₹555 Cr Jash Mahr Maschinenbau Waterfront Fluid Controls Jash Process Rodney Hunt Inc. Engineering Ltd GmbH Ltd. Equipment Pvt. Ltd. ₹530 Cr ₹330 Cr ₹15 Cr ₹60 Cr ₹40 Cr Note: * Combined sales is arrived after deducting inter-company sales www.jashindia.com 10 Consolidated Income Statement Particulars (₹ Cr) Q4FY26 Q3FY26 Q4FY25 FY26 FY25 Revenue From Operations 290.54 160.50 300.38 736.19 735.19 Other Income 9.03 4.08 3.04 20.49 10.37 Total Income 299.57 164.58 303.42 756.68 745.56 COGS 120.44 71.74 153.46 325.01 330.28 Gross Profit 179.14 92.84 149.96 431.67 415.28 Gross Margin (%) 59.8% 56.4% 49.4% 57.0% 55.7% Total Expenses 230.25 151.67 252.40 666.48 637.67 EBITDA 77.96 21.04 61.91 122.69 138.00 EBITDA Margin (%) 26.0% 12.8% 20.4% 16.2% 18.5% Finance Cost (Net) 3.38 3.05 3.95 12.79 13.08 Depreciation 5.25 5.08 6.95 19.70 17.03 Share of profit/ (loss) of a joint venture 0.01 0.00 -0.11 -0.11 -0.26 PBT 69.34 12.91 50.91 90.09 107.64 Tax 12.68 -0.16 15.16 14.58 20.87 PAT 56.65 13.07 35.75 75.51 86.77 PAT Margins (%) 18.9% 7.9% 11.8% 10.0% 11.6% Basic EPS (in Rs) 9.01 2.08 5.72 12.01 13.88 Diluted EPS (in Rs) 8.98 2.07 5.68 11.97 13.78 www.jashindia.com 11 Consolidated Balance Sheet Particulars (₹ Cr) FY26 FY25 Particulars (₹ Cr) FY26 FY25 Equity & Liabilities ASSETS Shareholder's Funds Non-Current Assets Share Capital 12.58 12.55 Property, Plant & Equipment 123.63 98.39 Other Equity 506.48 420.46 Right-of-use asset 25.87 22.17 Non Controlling Interest 5.84 3.31 Investment Property 1.38 1.43 Total Shareholder's Fund 524.90 436.32 Capital Work in Progress 21.69 20.47 Non-Current Liabilities Intangible Assets 18.80 16.30 Long-Term Borrowings 25.78 6.79 Intangible Assets Under Development 1.05 0.68 Lease Liabilities 15.52 14.50 Goodwill on Consolidation 41.88 31.96 Provisions 4.09 4.52 Investments 0.01 0.12 Deferred Tax Liabilities (Net) 1.61 0.38 Loans 0.14 Other Non-Current Liabilities 6.65 1.85 Other financial assets 4.79 Total Non Current Liabilities 53.65 28.03 Non-Current Assets 8.25 1.48 Current Liabilities Deferred Tax Assets (Net) 8.67 9.16 Short-Term Borrowings 57.59 74.62 Other Non Current Assets 6.84 4.98 lease Liabilities 3.79 3.13 Total Non Current Assets 263.00 207.14 Trade Payables Current Assets Due to micro enterprise and small enterprise 13.86 10.04 Inventories 194.85 188.83 Due to creditors other than micro enterprise and small enterprise 90.07 72.81 Investments 13.21 10.54 Other Financial Liabilities 24.57 13.37 Trade Receivables 300.80 225.35 Other Current Liabilities 99.38 96.11 Cash and Cash Equivalents 41.99 12.71 Provisions 10.71 11.28 Other Bank Balances 51.61 90.61 Current Tax Liabilities (Net) 2.06 2.12 Other Financial Assets 2.06 0.69 Total Current Liabilities 302.04 283.49 Other Current Assets 13.07 11.99 Total Liabilities 355.69 311.52 Total Current Assets 617.59 540.71 TOTAL - EQUITY AND LIABILITIES 880.60 747.85 TOTAL - ASSETS 880.60 747.85 www.jashindia.com 12 Our Value Creation Trajectory MARKET CAP (31st March 2017) MARKET CAP (31st March 2026) CA [Showing first 8,000 characters — download PDF for full document]