Slides
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TEGA INDUSTRIES LTDInvestor PresentationNovember, 2026
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TEGA INDUSTRIES LIMITED 2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Tega Industries Limited (the “Company”), havebeen prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for anysecurities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securitiesof the Company will be made except by means of a statutory offering document containing detailed information about the Company.This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Companymakes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairnessand reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information thatyou may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects thatare individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and aresubject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are notlimited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in Indiaand world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion,technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and itsexposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differmaterially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in thisPresentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. Safe Harbor
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H1 & Q2 FY 27 Performance Highlights
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TEGA INDUSTRIES LIMITED Group PerformanceTotal Group revenue at Rs 60,356 Mn, Adjusted EBIDTA 8,720 Mn (14% of total income) Consumables•Consumable revenue up by 30% YoY basis and absolute EBIDTA up by 42%•Consumable EBIDTA 22.4% against 20.5% YoY .•Highest H1 & Q2 Revenue Molycop(Jun 26 – Sep 26)•Molycop volume at 415.6 KT,•Total income at Rs 50,797 Mn Equipment•Equipment business revenue down by INR 378 Mn & EBIDTA down by 182 Mn YoY basis.•Secured order worth Rs 1260 Mn expected execution in 14 months. Order Book•Order book (Excluding Grinding Media) stands at Rs 13,976 up by 21% from same period of last year. •Executable order book within 1 year 11,576 Mn. H1 FY27 Highlights
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TE GA IND US TR IE S LIMITE DAll figures in Rs Mn unless stated H1 FY27 Consolidated Result ORDER BOOK IN HAND | TEGA (EX MOLYCOP)Rs 13,976 MnAs at 30 September 2026▲21% YoYVOLUME | GRINDING MEDIA (Molycop)415.6 KTFour months, 1 June – 30 September 2026Tega GroupGrinding MediaYoYTega (Ex Molycop)H1 FY2760,35650,797▲21%9,559Total Income8,7206,772▲25%1,949Adjusted EBITDA*452(150)▼25%602Adjusted PAT / (Loss)*Additional information:25762503-73Molycop acquisition cost117117--Exceptional item •Adjusted EBIDTA and PAT is without considering one time acquisition cost, exceptional item and tax impact on it. Exceptional item is amortization of fair value of inventory pursuant to purchase price allocation on acquisition this has no cash flow impact•Adjusted PAT of Tega (Ex Molycop) Rs 602 Mn is after considering Finance cost of Rs 420 Mn on term loan.. 5
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TEGA INDUSTRIES LIMITED H1 Consolidated Financial Performance 6 Total Income*EBITDA*PAT All figures in Rs Mn 50,797 7,927 9,559 010,00020,00030,00040,00050,00060,000Rs. MnTotal Income Grinding media H1 FY27Tega H1 FY26Tega H1 FY2721%6,772 1,561 1,949 -5005001,5002,5003,5004,5005,5006,5007,500Rs. MnAdjusted EBITDA Grinding media H1 FY27Tega H1 FY26Tega H1 FY2725%•Adjusted EBIDTA and PAT is without considering one time acquisition cost, exceptional item and tax impact on it. Exceptional item is amortization of fair value of inventory pursuant to purchase price allocation on acquisition this has no cash flow impact•Adjusted PAT of Tega (Ex Molycop) Rs 602 Mn is after considering Finance cost of Rs 420 Mn on term loan.. (150)803 602 -20002004006008001,0001,2001,4001,6001,800Rs. MnAdjusted PAT Grinding media H1 FY27Tega H1 FY26Tega H1 FY27-25%
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TE GA IND US TR IE S LIMITE DAll figures in Rs Mn unless stated Q2 FY27 Consolidated Result Tega GroupGrinding MediaYoYTega (Ex Molycop)Q2 FY2742,94737,963▲18%4,985Total Income6,0815,144▲10%937Adjusted EBITDA*(95)(253)▼65%158Adjusted PAT / (Loss)*Additional information:666650-16Molycop acquisition cost117117--Exceptional item 7•Adjusted EBIDTA and PAT is without considering one time acquisition cost, exceptional item and tax impact on it. Exceptional item is amortization of fair value of inventory pursuant to purchase price allocation on acquisition this has no cash flow impact•Adjusted PAT of Tega (Ex Molycop) Rs 158 Mn is after considering Finance cost of Rs 298 Mn on term loan..
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TEGA INDUSTRIES LIMITED Q2 Consolidated Financial Performance 8 Total Income*EBITDA*PAT All figures in Rs Mn 37,963 4,211 4,985 -3,0002,0007,00012,00017,00022,00027,00032,00037,00042,000Rs. MnTotal Income Grinding media Q2 FY27Tega Q2 FY26Tega Q2 FY2718%5,144 849 937 01,0002,0003,0004,0005,0006,000Rs. MnAdjusted EBITDA Grinding media Q2 FY27Tega Q2 FY26Tega Q2 FY2710%•Adjusted EBIDTA and PAT is without considering one time acquisition cost, exceptional item and tax impact on it. Exceptional item is amortization of fair value of inventory pursuant to purchase price allocation on acquisition this has no cash flow impact•Adjusted PAT of Tega (Ex Molycop) Rs 158 Mn is after considering Finance cost of Rs 298 Mn on term loan.. (253)449 158 -300-1001003005007009001,100Rs. MnAdjusted PAT Grinding media Q2 FY27Tega Q2 FY26Tega Q2 FY27-65%
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TEGA INDUSTRIES LIMITED 9 H1 Consolidated Profit & Loss StatementParticulars (Rs. Mn) H1 FY27Tega H1 FY27Grinding media H1 FY27Tega Group H1 FY26Tega Group Y-o-YTega Revenue from Operations 9,143 50,632 59,775 7,614Other Income 417 164 581 313Total Income 9,559 50,797 60,356 7,927 21%Cost of Material Consumed 3,867 28,765 32,632 2,932Purchase of stock in trade - 4,183 4,183 -Change in FG & WIP (255) (823) (1,078) 202Total Cost of Good Sold 3,612 32,124 35,736 3,134Gross Profit 5,531 18,508 24,039 4,481 23%Gross Profit Margin(%)60% 37% 40% 59%Employee Expenses 1,509 4,117 5,626 1,330Other Expenses 2,563 10,402 12,966 1,903EBITDA (Including other Income) 1,876 4,153 6,028 1,561 20%Adjusted EBIDTA 1,949 6,772 8,720 1,561 25%Adjusted EBITDA Margin (%) 20% 13% 14% 20%Depreciation 497 1,925 2,422 459Finance Cost 582 3,504 4,086 120Share of profit of Joint venture 33 11 44 38Profit before Tax 830 (1,266) (436) 1,019 -19%Adjusted PBT 903 1,353 2,256 1,019 -11%Profit before Tax(%)9% 3% 4% 13%Tax 283 952 1,235 217Profit After Tax 547 (2,217) (1,670) 803 -32%Adjusted PAT 602 (150) 452 803 -25%PAT(Adj.) Margin (%) 6% 0% 1% 10%EPS (17.79) 12.06Adjusted EPS 6.11 12.06
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TEGA INDUSTRIES LIMITED 10 Q2 Consolidated Profit & Loss StatementParticulars (Rs. Mn) Q2 FY27Tega Q2 FY27Grinding media Q2 FY27Tega Group Q2 FY26Tega Group Q-o-QTega Revenue from Operations 4,825 37,716 42,540 4,054Other Income 160 247 407 157Total Income 4,985 37,963 42,947 4,211 18%Cost of Material Consumed 2,331 21,808 24,139 1,541Purchase of stock in trade - 3,159 3,159 -Change in FG & WIP (379) (1,109) (1,488) 133Total Cost of Good Sold 1,952 23,857 25,809 1,674Gross Profit 2,873 13,859 16,731 2,380 21%Gross Profit Margin(%)59.5% 36.7% 39.3% 59%Employee Expenses 752 3,113 3,865 700Other Expenses 1,360 6,615 7,975 988EBITDA (Including other Income) 921 4,377 5,298 849 8%Adjusted EBIDTA 937 5,144 6,081 849 10%Adjusted EBITDA Margin (%) 19% 14% 14% 20%Depreciation 246 1,440 1,686 228Finance Cost 389 2,530 2,919 58Share of profit of Joint venture 24 12 36 24Profit before Tax 310 419 729 587 -47%Adjusted PBT 327 1,185 1,512 587 -44%Profit before Tax(%)7% 3% 4% 14%Tax 165 1,152 1,317 138Profit After Tax 146 (734) (588) 449 -68%Adjusted PAT 158 (253) (95) 449 -65%PAT(Adj.) Margin (%) 3% (1%) (0%) 11%EPS (6.32) 6.75Adjusted EPS (0.77) 6.75
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TEGA INDUSTRIES LIMITED 11 Consolidated Balance SheetParticulars (in Rs. Mn) Sep-26 Mar-26ASSETSNon-Current AssetsProperty, Plant and Equipment 33,454 3,818 Goodwill 51,329 738 Capital work-in-progress 3,625 1,072 Right of use Assets 3,185 1,963 Investment Property 46 43 Intangible Assets 34,796 52 Intangible asset under development 142 36 Investment Accounted for using equity method 815 282 Financial Assets(i) Other Financial Assets 244 53 Deferred Tax Asset (net) 766 711 Income Tax Assets (net) 64 61 Other Non-Current Assets 674 307 Total Non - Current Assets 1,29,141 9,136 Current AssetsInventories 55,432 4,369 Financial AssetsInvestments 1,131 1,987 Trade Receivables 25,589 4,519 Cash and Cash Equivalents 7,160 11,639 Other bank balance 2,020 9,586 Loans 68 1 Other Financial Assets 489 932 Contract Assets - - Other Current Assets 4,308 950 Income tax asset (net) 1,728 27 Total Current Assets 97,925 34,009 Total Assets 2,27,066 43,145 Particulars (in Rs. Mn) Sep-26 Mar-26EquityEquity Share Capital 751 751 Other Equity 31,273 33,320 Equity attributable to the equity holders of the parent 32,024 34,072 Non-Controlling Interest 1,853 - Total Equity 33,878 34,072 LiabilitiesNon-Current LiabiltiesFinancial Liabilities(i) Borrowings 1,10,346 1,276 (ii) Lease Liabilities 1,349 539 (iii) Other Financial Liabilities 7,616 - Deferred Tax Liabilities (net) 7,768 46 Provisions 2,206 0 Total Non-Current Liabilities 1,29,285 1,861 Current LiabilitiesFinancial liabilities(i) Borrowings 4,577 1,901 (ii) Trade Payables 47,784 3,335 (iii) Lease Liabilities 732 269 (v) Other Financial Liabilities 4,717 307 Other Current Liabilities 2,006 877 Provisions 2,632 317 Current Tax Liabilities 1,455 207 Total Current Liabilities 63,903 7,213 Total Equity and Liabilities 2,27,066 43,145
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TEGA INDUSTRIES LIMITED 12 Consolidated Cash Flow StatementCash Flow Statement (In Rs. Mn) Sep-26 Mar-26Cash Flow from Operating ActivitiesProfit before Tax -436 2,011 Adjustment for Non-Operating Items 6,132 594 Operating Profit before Working Capital Changes 5,696 2,605 C hanges in Working C apital 2,286 1,924 Cash Generated from Operations 7,982 4,529 Less; Direct Taxes paid -856 -1,025 Net Cash from Operating Activities 7,126 3,503 C ash Flow from Investing Activities -49,708 -10,044 C ash Flow from Financing Activities 37,698 16,899 Net increase/(decrease) in Cash & Cash Equivalent -4,884 10,358 Add: C ash and cash equivalent as at 1st April 11,639 1,143 Add: Net effect of exchange gain on cash and cash equivalents 405 138 Cash and cash equivalents at 30th September 7,160 11,639
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Sejal Bhattar+91 9833212052sejal.bhattar@in.mpms.mufg.comNikunj Seth+91 9773397958nikunj.seth@in.mpms.mufg.com INVESTOR RELATIONS ADVISORSMUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Service Ravi Narayan JoshiChief Financial Officerinvestor.relations@tegaindustries.comManjuree RaiCompany Secretary & Compliance Officermanjuree.rai@tegaindustries.comCOMPANY MEETING REQUESTLink