NSEInvestor Presentation2d ago · 7 Nov 2026, 10:38 pm
Investor Presentation
Power & Instrumentation (Gujarat) Limited · PIGL
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Power & Instrumentation (Gujarat) Limited has informed the Exchange about Investor Presentation for Q2FY27 & H1FY27, including financial performance, growth drivers, and backward integration through Peaton Electrical (PECL).
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Power & Instrumentation (Gujarat) Limited has informed the Exchange about Investor Presentation
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Date: November 07, 2026
To, To,
The National Stock Exchange of India Limited, BSE Limited
Exchange Plaza, Floor 25, P. J. Towers
Plot no. C/1, G Block, Dalal Street,
Bandra-Kurla Complex Mumbai - 400 001
Bandra (E), Mumbai-400051
Scrip Code:543912
Scrip Symbol: PIGL
Dear sir/Madam,
Sub: Investor Presentation of Power and Instrumentation (Gujarat) Limited
Pursuant to Regulation 30 Read with Part A of Schedule III of the SEBI (Listing Obligations &
Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investor
Presentation for the Quarter and half year ended on September 30, 2026.
Kindly take the above intimation on record.
For, Power and Instrumentation (Gujarat) Limited
Daisy Mehta
Company Secretary & Compliance officer
Mem. No. A29893
Encl: As above
Power & Instrumentation
(Gujarat) Limited
INVESTOR
PRESENTATION
Q2FY27 & H1FY27
POWERING INDIA'S INFRASTRUCTURE
SINCE 1975
Transmission & Renewable Airports &
Distribution Energy Infrastructure
NSE & BSE Listed
ISO 9001: 2015 Certified Company
Safe Harbor
This Presentation has been prepared by Power & Instrumentation (Gujarat) Limited solely for
information purposes and should not be construed as an offer, invitation, recommendation, or
solicitationtobuy,sell,orsubscribetoanysecurities.
The information contained herein is based on data believed to be reliable; however, no representation
or warranty, express or implied, is made regarding its accuracy, completeness, or fairness. The
contents of this Presentation are intended to provide general information about the Company’s
business,operations,industry,financialperformance,growthplans,andfutureoutlook.
Recipients should not rely solely on this Presentation for making any investment decision and are
advisedtoconducttheirownindependentanalysisandseekprofessionaladvice.
Certain statements in this Presentation may constitute forward-looking statements, including but not
limited to statements relating to the Company’s future business prospects, revenue growth,
profitability, capacity expansion, market opportunities, order inflows, operational performance, and
strategic initiatives. Such statements are based on current expectations, estimates, assumptions, and
projections and are subject to various risks, uncertainties, and other factors that may cause actual
resultstodiffermateriallyfromthoseexpressedorimplied.
The Company undertakes no obligation to update, revise, or publicly release any forward-looking
statements, whether as a result of new information, future events, or otherwise. Past performance
shouldnotberegardedasanindicatoroffutureperformance.
Neither the Company, its promoters, directors, management, advisors, employees, nor any of their
respective affiliates shall be liable for any direct or indirect loss arising from the use of, or reliance
upon, this Presentation or any information contained herein. By accessing this Presentation, recipients
acknowledgeandagreetothelimitationsandconditionssetforthabove.
Power & Instrumentation (Gujarat) Ltd | Investor Presentation Q2FY27 & H1FY27
Table of Contents
Overview of Q2FY27 & H1FY27 Investment Annexures
PIGL Update Case
Business Profile, Scale and Financial Performance, Growth Drivers, Segments, Financial Statements and
Backward Integration through Operational Metrics and Order Book, FY27 Roadmap PIGL’s Journey
PECL Management Commentary and Industry Outlook
Power & Instrumentation (Gujarat) Ltd | Investor Presentation Q2FY27 & H1FY27
SECTION 01
OVERVIEW
OF PIGL
Business Profile, Scale and Backward
Integration through Peaton
Electrical
PIGL at a Glance: Turnkey Electrical EPC Since 1975
Five decades of execution: founded in 1975, PIGL delivers turnkey electrical projects from concept to
4-Year CAGR Growth
commissioning
FY22–FY26*
Led by Mr. Padmaraj Padmanabhan Pillai, Chairman & Managing Director, with promoter-led
management
Full electrical scope: company designs, supplies, installs and maintains electrical systems across 21.76%
transmission and distribution. Its services include substations, distribution panels, lighting, generators
and UPS systems. The portfolio also covers access control, firefighting, ELV and building management Revenue from Operations
systems. It serves industrial, commercial and government clients, focusing on energy efficiency,
timely execution and post-installation maintenance.
30.01% 44.28% 17.25%
Proven track record: 310+ projects, 35+ airport projects, 1,00,000+ BPL households electrified and EBITDA PAT EPS
20,000+ km of HT/LT lines
100+ clients across central and state governments, PSUs, power utilities and private industry, with FY26
high repeatorders
Moving up the value chain: entry into 400 kV EHV segment; backward integrated through 60%
₹200 Cr
subsidiary PECL 18.34% YoY
Revenue
Order Book* Work In Hand Bid Pipeline
₹20 Cr
17.65% YoY
EBITDA
₹ 320 Cr + 8 Projects ₹ 500+ Cr
H1FY27 ₹13 Cr
To be completed in 12-15 months 8.33% YoY
To be executed in 12-15 months Active bids under evaluation
As of Sept 2026 PAT
* Including Rs. 95 Cr Royalty Orders
Power & Instrumentation (Gujarat) Ltd | Investor Presentation Q2FY27 & H1FY27
Peaton Electrical (PECL): Driving Backward Integration
PECL Order Book GIDC Talod, Gujarat PECL Turnover (₹ Cr)
₹ 12 Cr +
57.3
36.0
As on Sept 30, 2026
25.4
23.6
1.26 Lakh Sq. Ft.
Facility with in-house R&D
Licensed to manufacture SIEPAN 8PU low- FY23 FY24 FY25 FY26
voltage switchboards
Schneider Product Portfolio PIGL’s Stake Build-up
Electric
Eligible to assemble, test & sell Schneider- 15.23%
MV & LV Panels Compact Substations
compliant PrismaSeTI Switchboards. Initial holding
Unitized Substations Busduct Systems 60% 51.06%
Mar 2026 2025 · Subsidiary
CPRI APFCR & Auto-Sync
Distribution Boards 60.00%
Panels
Mar 2026
Approval for 11 kV, 3000A busduct system
Strategic value to PIGL: in-house supply of panels, busducts and compact substations for PIGL’s projects, a products-led revenue stream from external
customers, and product development through PECL’s in-house R&D centre.
Power & Instrumentation (Gujarat) Ltd | Investor Presentation Q2FY27 & H1FY27
SECTION 02
Q2FY27 &
H1FY27
UPDATE
Financial Performance, Operational
Metrics and Management
Commentary
Q2FY27 & H1FY27 Consolidated Financial Highlights (₹ Cr)
Revenue from Operations EBITDA & EBITDA Margin*
Key Highlights
+9.78% YoY +12.96% YoY +44.76% YoY +36.58% YoY
Q2FY27 & H1FY27
9.36% 10.26% 12.34% 10.33% 11.5%
Revenue growth driven by
126.04
execution across
77.14
111.57
segments and
70.27 14.53
48.89 9.52 10.64 diversification.
6.57 5.01
EBITDA margin expanded
Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 because of backward
integration and
operational efficiency
PAT & PAT Margin EPS (₹)
PAT grew because of better
+31.91% YoY +26.36% YoY 3
debt management despite
expansion.
6.70% 6.21% 7.2% 6.56% 6.8%
4.16 4.17
2.80
2.66
Order execution
9.26 4
6.21 7.33 1.44 momentum remains
4.71
3.04 healthy with H2 expected
to be better.
Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27
Consolidated numbers include PECL (60% subsidiary) | * EBITDA margin including other operating income
Power & Instrumentation (Gujarat) Ltd | Investor Presentation Q2FY27 & H1FY27
Q2FY27 & H1FY27 Standalone Financial Highlights (₹ Cr)
Revenue from Operations EBITDA & EBITDA Margin*
Key Highlights
+2.55% YoY +1.01% YoY +35.48% YoY +24.34% YoY
Q2FY27 & H1FY27
9.19% 10.62% 12.14% 9.41% 11.58%
Revenue growth driven by
execution across
109.17 110.27
segments
67.86 69.60 8.45 11.15 12.77
40.67 6.86 4.72
EBITDA margin expanded
Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 2 because of backward
integration and
operational efficiency
PAT & PAT Margin EPS (₹)
PAT grew because of better
+21.66% YoY +14.81% YoY 3
debt management despite
6.66% 6.51% 7.2% 6.50% 6.8% expansion.
4.00 3.85
2.55 2.60
Order execution
7.10 8.15 1.25 momentum remains
5.50
4.52
2.65 healthy with H2 expected
to be better.
Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY2
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