Diffusion Engineers Limited — Investor Presentation 2025

Feb 8, 2025

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Date: February 08, 2025

To, The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (East), Mumbai - 400 051 NSE Symbol: DIFFNKG

To, The Manager Corporate Relationship Department BSE Limited Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 BSE Scrip Code - 544264

Dear Sir/Madam,

Subject: Investor/Result Presentation

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Investor/ Result Presentation on the Unaudited Financial Results of the Company for the Quarter and Nine Months ended December 31, 2024.

The said presentation is also being disseminated on the Company's website at https://www.diffusionengineers.com/investors-relation.

Thanking You. Yours faithfully,

For Diffusion Engineers Limited

CHANCHAL Digitally signed by CHANCHAL RAJESH RAJESH JAISWAL Date: 2025.02.08 JAISWAL 19:26:43 +05'30' Chanchal Jaiswal Company Secretary and Compliance Officer Membership no. A67136

Enclosed as above.

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ENGINEERS LIMITED

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This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Diffusion Engineers Limited (DEL) and its group companies’ future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations.

These factors include, but are not limited to, general market, macro‐economic, government and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Diffusion Engineers Limited undertakes no obligation to periodically revise any forward-looking statements to reflect future/likely events or circumstances.

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Company Overview

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Incorporated in 1982

• Established as private limited Company

• Over 4 decades of Experience

Strategically Located Manufacturing Facility

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• 4 manufacturing units located at Nagpur

• Proposed facility and proposed expansion will be commenced by November 2025

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10,300+ Projects Competed

• Across Cement, Steel, Power, Mining, Engineering, Oil & Gas, Defence, Sugar industries

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Order in hand as on 31[st] December 2024

• Rs. 1,254 Mn

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Diversified Product Portfolio across Industries

• Special welding consumables, wear plates and heavy engineering equipment

Expanding Global Footprint

• 30+ Countries served

• Countries that we Export - USA, UAE, China, South Korea, Bangladesh, Kenya, Tanzania, Sri Lanka, Indonesia, Germany etc.

84 Established Clients

• Strong long-standing partnerships with Global players across geographies

4 year Revenue CAGR : 16%

• Consistent growth in terms of revenues and profitability

"Providing innovative engineering solutions for enhanced industrial performance and efficiency"

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• Converted from Pvt. Ltd. to Public Ltd.

• Company  Established subsidiary

• Incorporated as  Acquired land (in part)  Acquired land (N-79) Company in Singapore, Private Limited for manufacturing for manufacturing Diffusion Engineers Company facility at Unit I facility at Unit II Singapore Pte Ltd.  Undertook

• Commenced  Acquired a subsidiary  Acquired land (Khasra  Invested in an expansion of 

• manufacturing Company, Diffusion no. 35 and 36) for associate of subsidiary Acquired land for manufacturing of welding Super Conditioning manufacturing facility in Singapore, Mecdiff manufacturing facility at Unit electrodes Services Pvt. Ltd. at Unit IV Sdn Bhd (Malaysia) facility at Unit III IV

• 1982 - 93 1994 1995 1997 - 2000 2006 - 2011 2012 2013 2014 2015 2016 2022 2024  Acquired land  Commencement  Acquired land (Khasra  Established a  Set up and  Acquired leasehold (in part) for of production of no. 38/1, 38/2 and 38/ step-down Subsidiary commenced land (Plot Nos. 33-B/1 manufacturing flux cored wires 3) for manufacturing Company of Singapore operations at /1/ & 33-B/1/1/Part, facility at Unit I and wear plates facility at Unit IV Subsidiary in Unit IV MIDC, Hingna,  Acquired land  Established subsidiary Philippines, Diffusion Sonegaon District, (N-78) for company, Diffusion Wear Solutions Nagpur, Maharashtra) manufacturing Hernon Adhesive and Philippines Inc. for the Proposed facility at Unit II Sealant Private Facility. Limited

• Invested in overseas joint venture Company LSN Diffusion Limited 6

• (United Kingdom)

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Mr. Prashant Garg Chairman and Managing Director

Dr. Nitin Garg Non-Executive Director

Mrs. Chitra Garg Non-Executive Director

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Mr. Sherry Oommen Independent Director

Mrs. Deepali Bendre Independent Director

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Mr. Anil Trigunayat Indepedent Director

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Synergistic business models focused on forward integration

Long - standing relationships with customers across industries

Experienced promoters and strong management team

Transitioning from a manufacturer of special welding electrodes to producing flux-cored wires, wear plate, wear parts and now heavy engineering leads to broadened scope and expertise in the industry

Over four decades of business operations with diversified customer base serving 503 customers till date

Over 2 decades of experience in this business supported by team of professionals having knowledge of our various business functions

Serving industry major players directly as well as through OEMs

Serves a diverse clientele, including both OEMs in the cement, steel, power, mining, engineering sectors as well as direct customers. This significantly adds to our credibility

Strategically located Manufacturing facilities

Our operations in Nagpur, Maharashtra, benefit from a central location that ensures streamlined logistics, reduced transit times and efficient service to industries nationwide including urban and remote areas

Consistent Financial Performance

Recorded third highest CAGR of 21% for operating income, second highest CAGR of 38% for profit after tax and third highest CAGR of 33% for EBITDA

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Overview

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Diffusion Engineers Limited

Manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries

Used in Industries

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Cement Steel
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Power Engineering Sugar Defence Mining Oil & Gas
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Key Raw Materials include Ferro alloys, Powdered metals like Chromium, Nickel, Molybdenum, Manganese etc, Steel plates, Metal Wires and other alloys

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Welding and AntiWear Consumables

Wear Plate / Wear Parts

• Special purpose electrodes

• Wear Plates

• Flux cored wires

• Wear Parts

• Cold Repair Compounds

• Welding Service – Job work

• Filler Materials for Welding

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Heavy Engineering Equipment

• Air Separator

• High Pressure Grinding Rollers

• FD fan

• Mill body

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Trading
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• Thermal Spray Powder

• Welding Equipment

• RAPH Rotor

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Special Purpose Electrodes
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• A welding electrode is a wire or rod built of metal or alloy and has a flux or without a flux and carries an electric current to obtain sufficient heat for welding

• Composition and Functionality : Flux-cored wire is a tubular welding consumable filled with a flux mixture of minerals, metal powders and chemical agents. It shields molten weld pool, stabilizes arc and removes impurities during welding

• Efficiency and Speed: It enables higher welding speeds with its continuous feed and flux properties, ensuring efficient and rapid welding processes

• The rod is used to sustain welding arc and to provide filler metal required for joint to be welded

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• We manufacture cold repair compounds based on polymer chemistry and ceramic composites that withstand extreme wear and tear

 These products are used for maintenance coatings, anti-corrosive coating, electrical insulation coating, structural coatings and floor coatings

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Wear Parts
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• Function and Benefits: Wear plates or abrasion resistant plates protect equipment surfaces from abrasion, impact corrosion and high-temperature wear ensuring durability in harsh industrial environments

• Customized Wear Parts: We manufacture ready to fit wear parts for quality, cost effective and higher performance

 Integrated Manufacturing Capability : Our selfsufficient facility enables us to produce wear parts using wear plates, forgings, castings and hard - facing consumables ensuring complete solution for user

• Manufacturing Advantage: Leveraging backward integration with flux-cored wire production, we manufacture wear plates using open arc welding process offering superior hardness, wear resistance and cost efficiency

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Welding service – job work
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 Comprehensive Welding Solutions: We enhance lifespan and reduce costs of heavy machinery in industries like cement, power, steel through repairs, protective coatings and rebuilding with wear-resistant alloys

 Flexible Maintenance Services: We offer both in-house and on-site maintenance including inspection, repair, and upgrades ensuring optimal performance and durability of industrial equipment 13

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• We specialize in manufacturing and fabrication of heavy engineering equipment –

• and other core industries. Our dedicated Unit IV in Khapri (Uma), Nagpur high-quality production and precision engineering

for cement, steel, power, sugar, 441501, Maharashtra, ensures

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Tandem Wagon Trippler

Material Hopper for Blast Furnace

Impeller Fan

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Hammer Crusher Assembly

Hammer Crusher Rotor

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Work in Progress

Unit I

Unit II

Unit III

Unit IV

Proposed Facility

Commence from Nov. 25

Operational since 1994 Operational since 2000 Operational since 2015 Operational since 2016 Commence from Nov. 25 Special Purpose Flux cored wire, Anti-wear Flux cored wires, wear plates Special purpose welding electrodes wear plates and wear part Consumables and heavy engineering electrodes and wire strips machinery T-5, T-6, Nagpur Industrial N-78, N-79, Nagpur Industrial T-12, Nagpur Industrial Area, Khasra No. 35, 36, 38/1, Plot No. 33-B/1/1 & 33Area, MIDC, Area, MIDC, Hingna, Nagpur MIDC, Hingna, Nagpur 38/2, 38/3, B/1/1 Part, MIDC Hingna, Hingna, Nagpur Khapri (Uma), Nagpur Nagpur Area – 13,068 sq. mtrs Area – 1,000 sq. mtrs Area – 2,000 sq. mtrs Area - 89,197* sq. mtrs Area - 10,850 sq. mtrs On lease On lease On lease Owned On lease

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*The total area stands reduced to the extent of approx. 3191 sq. mtrs pursuant to acquisition of land by National Highway Authority of India for public purpose in 2018.

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DSIR approved R&D facility at Unit I

Equipped with laboratory infrastructure for various developmental activities - process refinement, finished products testing and other raw materials analysis

We hold accreditation by the National Accreditation Board for Testing and Calibration Laboratories – ISO/ IEC 17025:2017 for General Requirements for the Competence of Testing & Calibration Laboratories

Environment Management System (EMS) certification by TÜV SÜD South Asia Private Limited, Quality Management System (QMS)-ISO 9001:2015, Occupational Health and Safety Management systems – ISO 45001:2018 and Environment Management System – ISO 14001:2015

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Manufacturing plant in Nagpur, India Export to other countries

We have Tie-ups with over 95 distributors in domestic market and 9 distributors in the overseas market

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Overview

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• The global welding consumables market size was valued at USD 12.98 bn in 2023 and is projected to grow from USD 13.40 bn in 2024 to USD 19.95 bn by 2032, exhibiting a CAGR of 5.1%

• Asia-Pacific region has highest share, with around 41% contribution

• North America has second biggest market after Asia, due to presence of large automotive and component manufacturers

• The India welding consumables market size reached US$ 1,175 Mn in 2023 and IMARC Group expects market to reach US$ 2,046 Mn by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032

• Industrial Expansion and Manufacturing Growth:

• Growth of industries like heavy engineering, energy, oil & gas, railways, shipbuilding, power, transportation, and automotive drives demand

• As India aspires to become a global manufacturing hub, manufacturing sector's expansion will further bolster this demand

• Government Initiatives and Infrastructure Investments: Programs like National Infrastructure Pipeline with a planned investment of ₹111 lakh crore from 2020 to 2025 in sectors such as roads, urban infrastructure and railways along with reforms under ‘Make in India’ and ‘Atmanirbhar Bharat,’ are expected to significantly boost welding consumables sector

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Global welding consumables industry

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($ billion)
20.50
17.00
CY23 CY27P
Source: International Market Analysis Research and Consulting
Group (IMARC) welding consumable market report
Welding consumables industry in India
Rs Billion
66.00
61.00
56.00
51.00
FY24 FY25P FY26P FY27P
20
Note: E — estimated, P — projected Source: CRISIL MI&A
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Source: International Market Analysis Research and Consulting Group (IMARC) welding consumable market report

Welding consumables industry in India

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Global Wear Plate Market

Indian Wear Plate Market

Heavy Engineering Industry in India

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($ billion) Rs Billion
28
26
24
22
4.4
3.6
CY23 CY27P FY24 FY25P FY26P FY27P
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3,900
3,700
3,400
3,200
2,800
FY23 FY24 FY25P FY26P FY27P
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• The global wear plate market is anticipated to expand from $2.1 bn in 2023 to $3.6 bn by 2033, reflecting a CAGR of 5.5% over the decade

• Asia contributes highest consumption – Largest Coal Mining

• Europe – Transportation Sector and mining activity for minerals

• Wear plates market in India is estimated at around Rs 22 bn in 2024 and is expected to grow at a CAGR of 8-9% to ~Rs 28 bn in 2027

• Wear plates are an essential part of various industries, such as power plants, steel mills, quarrying and cement, as these plates protect key components of these industry

• Heavy electrical engineering, earthmoving, construction and mining machinery, and process plant equipment are the largest segments

• Industry is expected to continue to expand on the back of rising manufacturing and construction activities

• Technological advancements, FDI, and strong government initiatives drive manufacturing sector and boost heavy engineering capital goods industry

• Growth is further supported by ease of doing business, the PLI scheme, infrastructure investments, and favorable policies

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Source: Ministry of Heavy Industries, IEEMA, CRISIL MI&A

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Overview

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Commenting on the Company’s performance

Prashant Garg Chairman & Managing Director Diffusion Engineers Limited said :

“During the third quarter ended 31[st] December 2024 we have registered a Revenue of Rs. 791.98 million, EBITDA of Rs. 104.71 million and PAT of Rs. 71.01 million. This growth was mainly driven by strong sales momentum across all units. This growth reflects sustained market demand, enhanced execution, and higher capacity utilization, due to improvement in operational efficiency.

We are pleased to announce the successful completion of our IPO and listing on the BSE and NSE on October 4, 2024. This milestone strengthens our financial position, enhances market visibility, and enables strategic investments in growth and innovation.

As part of our strategic expansion initiatives, Company has approved the establishment of a wholly-owned subsidiary, tentatively named "Diffusion Engineers Middle East," subject to regulatory approval in the UAE. This strategic expansion will enable Company to provide welding services and light fabrication solutions, tapping into growing demand in the Middle Eastern markets and further strengthening its regional presence.

I am pleased to announce appointment of Mr. Ramesh Kumar N as the Chief Executive Officer, with effective from February 13, 2025. His leadership and expertise will be invaluable in driving our growth strategy and strengthening Diffusion Engineers’ market position.

As we review this quarter, we reaffirm our commitment to innovation and excellence. Our achievement in industry recognition, global expansion, and strategic investments have strengthened our competitive edge positioning us for sustained success in the coming quarters.

I would like to thank each member of the Diffusion family, as well as our Clients, Creditors, Banks, Financial Institutions, and all other Stakeholders. Their faith in us and support extended makes it easier for us to strive and excel. Thank you for your ongoing support and trust in Diffusion Engineers.”

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Revenue from Operations EBITDA
824.67
126.82
791.98 104.71
92.21
80.53
739.44
710.82
Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25
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PAT
91.78
85.07
72.73 71.00
Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25
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EBITDA Margins % PAT Margins %
12.41%
15.38%
12.97% 13.22% 10.23% 10.32%
8.96%
10.89%
Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25
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*Excluding other income

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Particulars	Q3 FY25	9M FY25	9M FY24	Y-o-Y%
Total Income from Operations	791.98	2,327.47	2,042.01	13.98%
Material Consumed & Manufacturing Expenses	507.72	1,534.25	1,331.60
Employee Cost	113.65	308.75	264.54
Other Expenses	65.90	160.72	137.72
Total Expenditure	687.27	2,003.72	1,733.86	15.56%
EBITDA(Excl. Other Income)	104.71	323.75	308.15	5.06%
EBIDTA Margin(%)	13.22%	13.91%	15.09%	(118 bps)
Other Income	0.25	42.91	44.71
Depreciation	14.28	39.62	33.99
Interest	4.66	18.76	14.44
Exceptional Item (Gain) / Loss	0.00	0.00	0.00
Share of P/L of associates	(4.64)	(19.39)	(8.78)
Profit Before Tax	81.38	288.89	295.65	(2.29%)
Tax	10.38	58.60	79.40
Profit After Tax	71.00	230.29	216.25	6.49%
Profit After Tax Margin%	8.96%	9.89%	10.59%	(70 bps)
EPS(In Rs.)	1.92	6.11	7.67	(20.34%)

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• Total Income from operations for the 9M FY25 was Rs. 2,327.47 mn in as against Rs 2,042.01 in 9M FY24, a YoY increase of 13.98%. This growth was mainly due to sustained market demand, enhanced execution, and higher capacity utilization, due to improvement in operational efficiency

• EBITDA (excluding Other Income) was at Rs. 323.75 mn in 9M FY25 as against Rs. 308.15 mn in 9M FY24, increase of 5.06%.

• Other Income includes a reduction due to mark-to-market (MTM) adjustments on mutual fund investments, impact is due to market volatility and fluctuations in current quarter

• The decline in Profit Before Tax (PBT) is primarily due to losses from our investment in LSN Diffusion Ltd, our UKbased associate company, which has adversely impacted overall profitability

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Particulars	Q3 FY25	9M FY25	9M FY24	Y-o-Y%
Total Income from Operations	735.42	2,151.18	1,879.60	14.45%
Material Consumed & Manufacturing Expenses	485.68	1,446.34	1,285.40
Employee Cost	104.88	292.73	254.17
Other Expenses	59.20	138.30	124.23
Total Expenditure	649.76	1,877.37	1,663.80	12.84%
EBITDA(Excl. Other Income)	85.66	273.81	215.80	26.88%
EBIDTA Margin(%)	11.65%	12.73%	11.48%	125 bps
Other Income	(0.36)	41.17	44.03
Depreciation	10.54	33.38	28.95
Interest	4.55	17.27	13.99
Exceptional Item (Gain) / Loss	0.00	0.00	0.00
Share of P/L of associates	0.00	0.00	0.00
Profit Before Tax	70.21	264.33	216.89	21.87%
Tax	6.37	47.21	57.48
Profit After Tax	63.84	217.12	159.41	36.20%
Profit After Tax Margin%	8.68%	10.09%	8.48%	161 bps
EPS(In Rs.)	1.71	5.80	5.69	1.93%

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• Total Income from operations for the 9M FY25 was Rs. 2151.18 mn as against Rs 1,879. 60 in 9M FY24, a YoY increase of 14.45%. This growth was mainly due to strong market demand, enhanced operational efficiency, and improved execution capabilities which attributed to higher order inflows, better capacity utilization, and strategic pricing initiatives

• EBITDA (excluding Other Income) was at Rs. 273.81 mn in 9M FY25 as against Rs. 215.80 mn in 9M FY24, increase of 26.88% mainly on account of better cost efficiencies, an improved product mix and higher operational leverage. Additionally, factors such as optimized raw material procurement, process efficiencies, and increased sales volumes

• Other Income includes a reduction due to mark-to-market (MTM) adjustments on mutual fund investments, impact is due to market volatility and fluctuations in current quarter

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Domestic
Geography-wise Industry-wise Product-wise Region-wise
Export,
Heavy Engineering
9.23%, Others, Central, West,
Equipment, 32.28%
22.12% 21.60% 11.82%
Trading,
Cement,
6.53%
Sugar, 42.64%
2.74%
East, South,
Steel, Welding and 17.52% 31.30%
17.00% Antiwear
Domestic, Power, Wear Plates & Consumables,
90.77% Engineering, 24.55% North,
3.52% Wear Parts,
11.98% 17.76%
36.64%
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*Others includes sales to other sectors such as defense, glass, mining, paper, railways and also sales through our distributors, both in domestic and overseas market.

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856.60
Type Dec-24 Mar-24 Dec-24 Mar-24
693.64
Heavy Engineering 856.60 693.64
Wear Plates and Wear Parts 325.98 145.85
325.98
Welding Consumables 70.93 88.48 145.85
88.48
70.93
Grand Total 1,253.51 927.97
Heavy Engineering Wear Plates and Wear Welding Consumables
Parts
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Particulars	FY21	FY22	FY23	FY24
Total Income from Operations	1,552.63	2,045.89	2,548.76	2,781.45
Material Consumed & ManufacturingExpenses	1,004.78	1,435.11	1,804.78	1,856.50
Employee Cost	239.45	268.96	307.60	360.56
Other Expenses	101.19	116.92	157.61	175.70
Total Expenditure	1,345.42	1,820.99	2,269.99	2,392.76
EBITDA(Excluding Other Income)	207.21	224.90	278.77	388.69
EBIDTA Margin(%)	13.35%	10.99%	10.94%	13.97%
Other Income	40.08	41.58	37.95	74.17
Depreciation	38.99	41.64	38.42	45.49
Interest	20.01	13.83	22.95	17.55
Exceptional Item (Gain) / Loss	0.00	0.00	0.00	2.57
Share ofprofit/loss	(20.30)	8.75	31.24	13.60
Profit Before Tax	168.00	219.76	286.59	410.84
Tax	51.37	49.29	65.15	102.80
Profit After Tax	116.62	170.47	221.44	308.05
Profit After Tax Margin%	7.51%	8.33%	8.69%	11.08%
EPS(In Rs.)	4.18	6.08	7.91	10.94

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4 Years CAGR (%)
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Revenue (Rs. Mn)

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27%
17%
16%
Revenue EBITDA PAT
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2781.45
2548.76
2045.89
1552.63
FY21 FY22 FY23 FY24
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*EBITDA (Rs. Mn) EBITDA Margin (%)

PAT (Rs. Mn) PAT Margin (%)

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13.97%
13.35%
10.99% 10.94%
388.69
278.77
224.90
207.21
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FY21
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FY22 FY23 FY24
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*EBITDA (Excluding Other Income)

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11.08%
8.69%
8.33%
308.05
7.51%
221.44
170.47
116.62
FY21 FY22 FY23 FY24
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Rs. Mn

Liabilities	As on 30th September 2024	As on 31st March 2024
Shareholder’s Funds	2,061.22	1,910.19
Share capital	280.21	280.21
Reserves & Surplus	1,776.80	1,626.84
Non ControllingInterest	4.20	3.14
Share Application Money	750.07	0.00
Non-current liabilities	59.11	62.43
Longterm borrowings	0.00	0.00
Other financial liabilities	4.81	9.99
Defer Tax liabilities	54.31	52.43
Current liabilities	951.53	783.24
Short Term Borrowings	491.66	344.35
Trade Payables	272.37	309.14
Other Financial liabilities	90.68	22.23
Other Current liabilities	61.79	98.24
Short-termprovisions	35.03	9.27
Total Equities & Liabilities	3,821.93	2,755.85

Rs. Mn

Assets	As on 30th September 2024	As on 31st March 2024
Non-current assets	1,317.77	1,275.05
Property,Plant & Equipment	942.11	905.70
Capital work in progress	10.43	11.05
Intangible Assets	4.36	4.25
Non-current Investments	297.86	291.95
Other Financial Assets	63.00	62.09
Current assets	2,504.16	1,480.80
Inventories	724.32	532.12
Trade receivables	676.14	666.47
Cash & Cash equivalents	174.53	78.13
Share Application Money	750.07	0.00
Short-term loans & Advances	122.26	155.45
Other Current Assets	38.42	37.05
Other Financial Assets	18.41	11.58
Total Assets	3,821.93	2,755.85

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RoE(%) RoA(%)
18.52%
16.86%
11.18%
15.10%
9.61%
8.99%
11.64%
7.40%
FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24
RoCE(%) Total Debt to Equity Ratio (X)
0.34
20.63%
18.46%
17.30%
14.90%
0.19 0.2 0.18
FY21 FY22 FY23 FY24
FY21 FY22 FY23 FY24
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RoE = Net Profit/Average Total Equity | RoA = Net Profit/Total Assets / RoCE = EBIT/Average Capital Employed / Total Debt to Equity = Total Debt/Total Equity

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Inventory
85
64 66 67
FY21 FY22 FY23 FY24
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Payables
130
72
68 68
FY21 FY22 FY23 FY24
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Receivables
98
92
90
83
FY21 FY22 FY23 FY24
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Net Working Capital

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97
88
75
47
FY21 FY22 FY23 FY24
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Ahead

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07
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Turnkey Repair and Maintenance Services for Critical Equipments in Process Plants

Developing New Products and Solutions for industries like Oil & Gas, Petrochemical, Railways and Defence

Launching High Performance Grinding Rollers for Cement Industry

Foraying in more Critical and Larger Industrial Equipments

Broadening Antiwear and Welding Consumables Product Portfolio

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02
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Strategic Leasing and Opex Contracts for Lifecycle Management of Industrial Assets

Adding Light Fabrication and Service Welding Shop in new Geographies

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Thank You

Company :	Investor Relations Advisors :
Diffusion Engineers Limited. Mr. Abhishek Mehta info@diffusionengineers.com www.diffusionengineers.com	Adfactors PR Pvt. Ltd. Mr. Amit Sharma / Mr. Rupesh Rege amit.sharma@adfactorspr.com rupesh.rege@adfactorspr.com www.adfactorspr.com