Elecon Engineering Co.Ltd. — Investor Presentation 2025

Apr 24, 2025

24[th] April, 2025

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To,

The Manager (Listing), The Manager (Listing), The BSE Ltd. National Stock Exchange of India Ltd. Mumbai Mumbai Company’s Scrip Code: 505700 Company’s Scrip Code: ELECON

Sub. : Investor Presentation of the Investors Call to be held on 25[th] April, 2025

Ref. : Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

With reference to the above referred Regulation and in continuation of our letter dated 16[th] April, 2025 regarding schedule of Investors Call, please find attached herewith the Investor Presentation for Q4 for the Financial Year 2024-25. The same is also available on the website of the Company at https://www.elecon.com/investors/presentations-made-toanalysts-or-institutional-investors

You are requested to take the same on your records.

Thanking you.

Yours faithfully, For Elecon Engineering Company Limited,

Isarani Digitally signed by Isarani Bhartiben Bhartiben Lalitkumar Date: 2025.04.24 Lalitkumar 18:24:24 +05'30' Bharti Isarani Company Secretary & Compliance Officer

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Encl.: As above

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ONE OF ASIA’S LARGEST INDUSTRIAL GEAR SOLUTION COMPANY

Unifying vision Global impact

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Elecon Engineering Company Limited

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Investor Presentation – Q4 and FY25

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Safe Harbor

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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Elecon Engineering Company Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of 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 Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you 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 that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and 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 its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially 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 this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.

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2

Values at Elecon

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Our Values are our Bedrock!

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Delightful Customer Resolute Trust Ingenious Value Creation Ethics at Experience Entrepreneurship the Core Ensure unparalleled positive Foster unwavering trust through Demonstrate accountability for Create value and enable growth Uphold the highest standards of customer experiences all the time camaraderie and credible the purpose, empowerment, and for every stakeholder ethical conduct and individual conduct business acumen integrity ❖ Proactiveness ❖ Intent ❖ Innovation ❖ Wealth ❖ Honesty ❖ Adaptability ❖ Trustworthiness ❖ Risk-Taking ❖ Learning ❖ Fairness ❖ Relationship ❖ Competence ❖ Agility ❖ Research ❖ Transparency ❖ Service Orientation ❖ Commitment Orientation ❖ Solution Orientation ❖ Partnership Orientation ❖ ESG Orientation

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3

Cultural Beliefs at Elecon

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Our Cultural Beliefs!

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Own It

I am accountable to achieve key results.

Let’s Innovate!

I create timely and competitive products and solutions.

Let’s Unify

I collaborate proactively and transparently to build trust.

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Customer F1rst

I ensure my actions lead to customer delight.

Go Global

I think and act towards becoming a leading global player.

Learn & Lead

I commit to learn, nurture and grow.

4

Safety and Wellness

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2024-25
One
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2022-23 2024-25 2020-21 Zero One Zero minor, major or fatal minor accident minor, major or fatal accidents accidents 0 0 1 1 1

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Safety is ingrained as a

Fundamental value

2021-22 2023-24 One One minor accident

rather than just a priority

minor accident

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To prevent incidents and prioritize well-being, we implement

• ❖ Safety Audits

• ❖ Mock drills on periodically

• ❖ Emergency Plans

• ❖ Fire Protocols

• ❖ Comprehensive Training

• ❖ and other targeted initiatives

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5

Q4 & FY25 Performance Highlights

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Scan QR Code for detailed financials

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Q4 and FY25 Financial and Operational Highlights

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Achieved Annual Guidance with Highest Quarterly and Annual Revenue, EBITDA and PAT
Highest ever Highest ever Strong
Revenue EBITDA Order Intake
Q4FY25
Rs 798 crores Rs 195 crores Rs 645 crores
+41.3% YoY +44.3% YoY +16.0% YoY
FY25
Rs 2,227 crores Rs 543 crores Rs 2,380 crores
+14.9% YoY +14.4% YoY +19.4% YoY
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Order Book as at 31[st] March 2025 stands at Rs 948 crores (vs. Rs 796 crores as at 31[st] March 2024)

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7

From the desk of CMD

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Commenting on the results, Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. Said,

“For Q4FY25, Elecon reported consolidated revenue of ₹ 798 crores , reflecting a robust growth of 41.3% on a Y-o-Y basis . The quarterly EBITDA stood at ₹ 195 crores , with EBITDA margin at 24.5% . Profit after Tax (PAT) for Q4FY25 was ₹ 146 crores , with PAT margin at 18.4%. For FY25, the consolidated revenue stood at ₹ 2,227 crores , clocking 14.9% Y-o-Y growth, in line with our annual guidance of Rs. 2,225 crores . The annual EBITDA stood at ₹ 543 crores , with EBITDA margin at 24.4% . PAT for FY25 was ₹ 415 crores , with PAT margin at 18.6%.

Elecon continues to maintain its leadership position in the Indian market for both Industrial Gear Solutions and Material Handling Equipment. Our competitive edge is driven by advanced manufacturing capabilities, a comprehensive portfolio of high-quality products, and the ability to deliver customengineered solutions with optimized lead times, ensuring consistent and quality products for our diversified customers.

In Q4FY25, our Material Handling Equipment (MHE) division saw a remarkable 98.2% year-on-year revenue growth . EBIT margin stood at 29.6% with an improvement of ~820 bps Y-o-Y. We expect good momentum in this segment in the coming years. Our Gear division, in Q4FY25, also experienced a considerable rebound with growth of 28.9% in revenue and EBIT margin at 24.5%.

This resurgence has been driven by strong demand in both domestic and international markets. Domestically, demand has picked up meaningfully, particularly from the steel, power, and cement sectors. Overseas business remains healthy, with solid traction seen across international markets. The enquiry levels remain robust, and we are seeing healthy demand internationally.

We are steadily advancing towards our strategic objective of generating 50% of our consolidated revenue from international markets by FY30. Strengthening relationships with global OEMs and sustained brand-building initiatives continue to reinforce our confidence in achieving this milestone. In FY25, our international business revenue stood at Rs. 517 crores, contributing approximately 23% of the consolidated revenue and reflected consistent progress in this direction.

Our growth strategy is supported by strategic alliances with international partners, ongoing investments in R&D and product innovation, and a focused push within the high-growth MHE division. These efforts collectively position us to outperform broader industry trends and accelerate our domestic & global footprint. Our priority is to attain sustainable profitable growth creating long-term value for all our stakeholders.”

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8

Consolidated Segment-wise Performance - Gears

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Revenue (Rs Crs.) EBIT (Rs Crs.)
Margin
27.2 24.5 26.3 24.7
(%)
+5.6%
-0.9%
1,763
1,669
439 435
+28.9%
+16.2%
597
464 126 146
Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25
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Order Intake (Rs Crs.) Open Order as at 31 [st] March 2025 (Rs Crs.)
+12.1% +8.8%
1,794 583
1,601 536
+20.6%
497
412
Q4FY24 Q4FY25 FY24 FY25 Mar-2024 Mar-2025
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• Gear division saw a strong recovery in Q4, especially in the domestic market. Gear division Revenue grew by 28.9% in Q4FY25.

• Gear division’s margin in Q4 was impacted by change in product mix.

• Gear division witnessed a considerable rebound on account of increased demand from domestic Steel, Cement & Power industry .

• Enquiry levels remain robust across both domestic and international markets.

9

Consolidated Segment-wise Performance – MHE

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Revenue (Rs Crs.) EBIT (Rs Crs.)
Margin
21.4 29.6 21.7 28.4
(%)
+72.8% +125.5%
464
+174.2% 132
+98.2%
269
200 59 58
101
22
Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25
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Order Intake (Rs Crs.) Open Order as at 31 [st] March 2025 (Rs Crs.)
+49.1% +40.4%
586 365
393 260
+2.8%
144 148
Q4FY24 Q4FY25 FY24 FY25 Mar-2024 Mar-2025
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• MHE division continued to see sustained momentum, with revenue nearly doubling YoY in Q4FY25. On a full year basis, Revenue in MHE division grew by 72.8%.

• MHE division’s margin has been aided by better product mix and higher contribution from the after-market segment.

• Company is consistently securing new orders in the domestic and international markets.

• We are also capitalizing on growing opportunities in the after-market business.

• Our continued focus on MHE segment will support overall growth in coming years.10

10

Consolidated Revenue Split

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Geography Wise

(Rs Crs., %)

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+14.9%
2,227
1,937
+41.3% 15.6%
798
1,710
1,479 (77%)
565
(76%)
48.8%
662
(83%)
445
(79%)
458 12.8% 517
120 13.4% 136 (24%) (23%)
(21%) (17%)
Q4FY24 Q4FY25 FY24 FY25
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Segment Wise

(Rs Crs., %)

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+14.9%
2,227
1,937
+41.3%
5.6%
798
1,763
(79%)
565 1,669
28.9% 597 (86%)
(75%)
464
(82%)
464
200
101 98.2% 269 72.8% (21%)
(25%)
(18%) (14%)
FY24 FY25
Q4FY24 Q4FY25
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Domestic Overseas

Gear MHE

In Q4, the domestic business continued to build on the momentum from the previous quarter after witnessing a relatively soft 9MFY25.

Export business continued to see healthy traction, with enquiry levels remaining strong across international markets.

MHE division continued robust growth trajectory in Q4, driven by a strategic focus on product supply and after-sales services.

Gear division saw revival of growth momentum in Q4, and is seeing steady demand across steel, cement and power industries.

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11

Consolidated Order Book

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Order Intake (Rs Crs.)

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+19.4%
2,380
1,994
1,794
1,601
+16.0%
645
556
412 497
586
393
144 148
Q4FY24 Q4FY25 FY24 FY25
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Open Order as at 31[st] March 2025 (Rs Crs.)

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+19.1%
948
796
583
536
365
260
Mar-2024 Mar-2025
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Gear MHE

• ❖ Gear Division: The Order Intake for Q4FY25 stood at Rs. 497 Crs. compared to Rs. 412 Crs. in Q4FY24, a Y-o-Y growth of 20.6% . Orders in Hand is Rs. 583 Crs. as at 31[st] March 2025.

• ❖ MHE Division: The Order Intake for Q4FY25 stood at Rs 148 Crs. compared to Rs 144 Crs. in Q4FY24, a Y-o-Y growth of 2.8% . Orders in Hand is Rs. 365 Crs. as at 31[st] March 2025.

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12

Consolidated Performance

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Total Revenue Revenue (Gear) Revenue (MHE)
(Rs Crs.) (Rs Crs.) (Rs Crs.)
+14.9% +5.6% +72.8%
+41.3% 1,937 2,227 +28.9% 1,669 1,763 +98.2% 464
269
200
798 597
565 464 101
Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25
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EBITDA Profit After Tax
(Rs Crs.) (Rs Crs.)
Margin (%) 24.0 24.5 24.5 24.4 18.4 18.4 18.4 18.6
+14.4% +16.7%
543 415
474 356
+44.3% +41.3%
195 146
135 104
Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25
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13

Consolidated Key Ratios

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Total Asset Turnover (x)

Net Fixed Asset Turnover (x)

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Return on Networth (%) [1] ROCE (%) [2] Total Asset Turnover (x) Net Fixed Asset Turnover (x)
22.4% 29.1% 1.0 3.7
21.0% 26.8% 0.9 3.6
FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25
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Debt to Equity (x)[3]

Working Capital Cycle (Days)

Current Ratio (x)

Quick Ratio (x)[4]

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0.09 77 3.2 2.7
72 3.0 2.4
0.04
FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25
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1. Net worth is calculated as Shareholder’s Equity less Intangible Assets 2. Earning Before Interest and Tax (EBIT) is calculated as Profit Before Tax plus Finance Cost (excluding lease interest) and Capital Employed is calculated as Shareholder’s Equity plus Long Term Borrowing plus Short Term Borrowings plus Deferred Tax Liabilities 3. Debt includes lease liability 4. Quick Assets is calculated as current assets less inventory less prepaid expenses; 5. Net Fixed Asset Turnover is calculated based on Average Net Fixed Assets (i.e., Property, Plant & Equipment and Right-of-Use Plant & Machinery).

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14

Consolidated Profit & Loss Statement

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Profit and Loss (Rs. Crs.)	Q4FY25	Q4FY24	Y-o-Y	Q3FY25	Q-o-Q	FY25	FY24	Y-o-Y
Revenue from Operations	798	565	41.3%	529	50.8%	2,227	1,937	14.9%
Operating Expenses	444	288		268		1,187	1,018
Gross Profit	354	277	27.6%	261	35.5%	1040	919	13.1%
Gross Profit Margin	44.3%	49.1%	-470 bps	49.3%	-500 bps	46.7%	47.4%	-70 bps
Employee Cost	67	55		48		209	188
Other Expenses	91	86		70		288	256
EBITDA	195	135	44.3%	143	37.0%	543	474	14.4%
EBITDA Margin	24.5%	24.0%	50 bps	27.0%	-250 bps	24.4%	24.5%	-10 bps
Other Income	19	13		16		60	44
Depreciation	19	13		16		61	51
EBIT	195	136	43.3%	143	36.4%	542	468	15.9%
EBIT Margin	24.4%	24.1%	30 bps	27.0%	-260 bps	24.3%	24.1%	20 bps
Finance Cost	5	2		3		13	9
Share in profit of Associates	2	2		1		8	6
Profit before Tax	192	136	41.0%	140	36.9%	537	465	15.4%
PBT Margin	24.1%	24.1%	-5 bps	26.5%	-240 bps	24.1%	24.0%	10 bps
Tax	46	33		33		122	110
PAT	146	104	41.3%	108	36.2%	415	356	16.7%
PAT Margin %	18.4%	18.4%	0 bps	20.3%	-200 bps	18.6%	18.4%	20 bps
EPS	6.53	4.62		4.79		18.50	15.85

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15

Consolidated Balance Sheet

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Assets (Rs. Crs.)	Mar-25	Mar-24
Non-current assets
Property, Plant and Equipment	555	516
Capital work-in-progress	7	1
Right to use of Assets/Investment Properties	209	106
Investmentproperty (net)	25	25
Intangible Assets	24	20
Intangible Assets Under Development	-	-
Goodwill	102	102
Investment In Subsidiaries	71	63
Financial Assets
(i)Investments	11	20
(ii)Others Financial Assets	-	6
Deferred Tax Assets(net)	-	1
Income Tax Asset	13	10
Other non-current assets	19	36
Total Non Current Assets	1,033	905
Current assets
Inventories	243	230
Financial Assets
(i)Investments	415	203
(ii)Trade receivables	614	445
(iii)Cash and cash equivalents	159	110
(iv)Bank balances other than(iii)	200	154
(vi)Other Financial Assets	14	56
Current Tax Asset(net)	52	21
Total Current Assets	1,696	1,219
TOTAL Assets	2,729	2,124

Equity and Liabilities (Rs. Crs.)	Mar-25	Mar-24
EQUITY
EquityShare Capital	22	22
Share Application Money	-	-
Other Equity	1,976	1,582
Shareholders Funds	1,999	1,604
Non-Current Liabilities
Financial Liabilities
(i) Borrowings	-	-
(ii)Lease Liability	147	59
Provisions	3	17
Deferred Tax Liabilities(Net)	23	26
Other non-current liabilities	21	18
Total Non Current Liabilities	194	121
Current liabilities
Financial Liabilities
(i) Borrowings	3	-
(ii)Lease Liability	31	11
(iii)Trade Payables	280	188
(iii)Other Financial Liabilities	49	45
Other Current Liabilities	143	130
Provisions	23	17
Current tax liabilities(net)	7	8
Total Current Labilities	537	399
Total Liabilities	2,729	2,124

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16

Consolidated Cashflow Statement

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Particulars (Rs. Crs.)	FY25	FY24
Profit before Tax	537	465
Adjustment for Non-Operating Items	38	50
Operating Profit before Working Capital Changes	575	516
Changes in Working Capital	(72)	(43)
Cash Generated from Operations	503	472
Less: Direct Taxes paid	127	108
Net Cash from Operating Activities	377	365
Cash Flow from Investing Activities	(260)	(279)
Cash Flow from Financing Activities	(67)	(59)
Net increase/ (decrease) in Cash & Cash equivalent	49	27
Cash and cash equivalents at the beginning of the period	110	82
Cash and cash equivalents at the end of the period	159	110

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17

Company Overview

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Engineering Company providing Innovation led Technology Solutions

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Elecon India

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Radicon UK

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Benzlers Sweden

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State of art manufacturing facilities with DSIR approved In-House R&D facility for new product development and separate Engineering facility to upgrade existing product

One of the largest manufacturer of Gear Solution providers in Asia & Material Handling Equipment with seven decades of experience and expertise

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Elecon
Engineering
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Net Cash Positive Company

First in India to manufacture sophisticated equipment for bulk Material Handling with product range that caters multiple industrial sectors in India

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Robust market share in a highly fragmented and unorganized market

Manufacturing & Assembly plants at UK, Sweden, USA & Netherland other than India

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Widest range of gear applications across Industrial Sectors. Providing industry agnostic gear solutions

In-House Foundry & Fabrication Facility to support end to end solutions for customers

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The company actively embraces environmentally friendly practices and creating long term value for stakeholders

Only Company in India having capability to manufacture Complex Gear box for Defence: Indian Navy

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One of Asia’s largest Industrial Gear Manufacturing Company, having facility spread over 335,000 square meter

Company compliant with an Integrated Management System based on ISO 45001:2018 ISO 9001:2015, ISO 14001:2015. NABL accredited laboratory, aligning with ISO/IEC 17025:2017

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Benzlers Netherlands

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Radicon USA

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19

Started in 1951 and evolved as one of Asia’s Largest Gear Solutions Company

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Established in Mumbai by

Late Shri Ishwarbhai Patel

Acquisition debt repaid

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Forayed into
manufacturing conveying Listed on Bombay Established Successful execution of defence
equipment Stock Exchange Gear division (Indian Navy) project
1951 1962 1976 2022
1951
1960 1963 2010 2025
Elecon Engineering Company Forayed in bulk material Acquired Benzlers and Achieved highest ever
was incorporated as Private handling business Radicon in Europe - Revenue & Profits
Limited Company manufacturers of screw
Cemented position as one
jacks, shaft mounted
Shifted to Vallabh Vidyanagar, of the largest gear solution
gearboxes and industrial
Gujarat in May 1960 company in Asia and a
reducers
prominent MHE player
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20

Global MNC with Strong Distribution Network

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2
R&D Centres in India
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Serving to
95+
Countries
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Overseas Market

Domestic Market

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35+ 4 Manufacturing & 60+
110+ 65+ Pan India
Assembly Centres
Customer Customer
Distributors & Dealers Distributors & Dealers Presence
Representatives 10 Sales Office Representatives
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All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness

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21

Two R&D Centre in India to strengthen our leadership position

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Pre-
DSIR approved In- Engineering 100+ Engineers
Design
House R&D facility Stage Stage team dedicated for
R&D
Design
3-D
Analysis &
Model &
20+ Software for Value 7 Patents
Drawings
designing, analysis and Engineering applied / granted
parameter validation
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Elecon's R&D initiatives aim to foster innovation, improve existing product offerings, and develop novel technologies in the field of material handling and industrial gear. These efforts provide a competitive edge and address the dynamic needs of the evolving market.

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22

State of the Art Manufacturing Facility

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State of the art facility located at Vallabh Vidyanagar, Gujarat

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The facility is spread over 335,000 Square Meter

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~~Bird’s eye view of the Facility~~

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23

Gear Division – Providing a wide variety of solutions

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World Class Widest range of Industrial Gears operations with low lead time

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Diversified across Market leaders in the industries such as domestic market and Power, Cement, strategically expanding Sugar, Steel etc. overseas

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Best in class Gear
Solutions
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In-house
Strong Brand Name
Maintaining the Manufacturing facility manufacturing
Pan-India Service
utmost safety and for both Catalogue & capabilities with
Network
quality standards Engineered Products 700+ machine tools
Our Diversified Product Portfolio
Widest Market Reach
Focus on Customer
Helical/Bevel Helical Worm Gearboxes Couplings Planetary Gearboxes Marine Gearboxes Custom Built Gearboxes
Gearboxes Solutions
One of Asia’s Largest
Gear Solution Provider
EON [2] Series Gearboxes High Speed Gearboxes Central Drive Mill Pinion Shaft Double Helical Gear Wheel Loose Gears
Gearboxes
24
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Supplying to multiple industries thus diversifying risk

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Steel
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Cement
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Sugar
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Plastic
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Industry Agnostic Gear Access to new market Resilience to Business Sustainable Performance Solutions opportunities Cycles

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Defence Rubber
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Mining
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Power
…and many more
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25

MHE Division: A proxy to Capex Creation

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Largest supplier of Enhanced Pioneers in Stockyard Machines diversification Widest range of manufacturing Bulk & Wagon tipplers in End User Industry MHE India across industries products Consistent delivery Robust In-House Discontinued EPC Maintaining of high-quality design and Projects and Focus Steel Cement highest standards products instills manufacturing only on Profitable of safety customer reliance capabilities Product Business Our Diversified Product Portfolio Mining Fertilizer Ports Power Feeders Automatic Weighing Stackers / Reclaimers Raw Material Handling Wagen Tippler Specialized Conveyors System Oil & Gas Pulleys Mobile Stacker Port Equipment Truck Loader

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26

Board of Directors

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Shri Prayasvin B. Patel

Chairman & Managing Director

Experience of 49 years in engineering industry. He holds a Bachelors in Engineering (Mech.) and an MBA (USA). He is actively involved in the decision making for various technical and commercial matters including the marketing for both Gear and MHE divisions.

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Shri Pranav C. Amin

Independent & Non-Executive Director

He is a graduate in Economics/Industrial Management and MBA in International Management. His core areas of expertise are management and leadership.

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Shri Pradip M. Patel

Non-Independent & Non-Executive Director

Experience of more than 35 years in Bearing industry. He holds an MBA (USA). His core area of strength relating to the business is strong leadership, strategy building and operational direction.

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Shri Ashutosh A. Pednekar

Independent & Non-Executive Director

He is a practicing Chartered Accountant and is a Partner of M. P. Chitale & Co., chartered Accountants since 1992. He is well versed in the fields of accountancy, finance, risk management, insurance contracts.

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Shri Prashant C. Amin

Non-Independent & Non-Executive Director

Experience of 43 years in operating enterprises with strong leadership, successfully acquiring, integrating & managing foreign companies. He holds MBA (USA) Masters in Engineering & Management.

Dr. Sonal V. Ambani

Independent & Non-Executive Director

She holds a PhD in Business Management and is the founder Chairperson of FICCI Ladies Organization (FLO) Ahmedabad. She holds two patents granted in the US and is also a member of the United Nations Development Fund for Women (UNIFEM).

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Shri Aayush A. Shah

Non-Independent & Non-Executive Director

Chief Executive Officer and Executive Director of Power Build Private Limited. Carries more than 3 years of experience in the domain of Managing Business Unit, Strategic Planning & Budgeting, Process Improvement, Project Management and Business Turnaround.

Shri Nirmal Bhogilal

Independent & Non-Executive Director

Experience of 49 years in managing machine building and engineering industry. He holds a degree in Chemical Engineering from London University. Presently, he is the chairman of Batliboi Group.

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27

Strong Management Team

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Shri M.M Nanda

Head of Gear Division

Joined Elecon in 1973 as a Liaison Officer and advanced to become the Marketing Head and subsequently the Vice President Marketing. Since 2016, he has been leading the company as its CEO, showcasing expertise in Marketing, Business Strategy, Market Research, Resource Management, Project Management, and Business Turnaround.

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Shri Kamlesh Shah

Group Chief Financial Officer

With over 27 years of extensive expertise, he possesses a diverse background in Business Strategy Planning & Budgeting, Process Improvement, Project Management, Business Turnaround, Corporate Banking, and Investor Relations across various industries.

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Shri P. K. Bhasin

Head of MHE Division

Effective leader with over 40 years of experience and his core expertise lies in Marketing, Human Resources, Business Operations & Strategy, and identifying new opportunities to sustain extraordinary business growth. He brings a wealth of experience from MNC organizations such as ABB, ALSTOM, and L&T.

Shri Narasimhan Raghunathan

Chief Financial Officer

Having amassed over two decades of experience, he has proven his proficiency in Accounts, Finance, Taxation, Legal & Compliance, and related functions in diverse industries and companies, encompassing both Indian and multinational corporations such as Ashok Leyland, Ernst & Young, Hansen Transmissions of Belgium, ZF of Germany, and KSB Pumps of Germany.

28

Strong Relationship with Marque Clients

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Gear
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MHE

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…and many more

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The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only

29

Awards and Recognition

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Excellence Award in the category of Best Practices in HR & IR Policies by Federation of Gujarat Industries

3rd Consecutive Year in a row

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Award for Occupational Safety

30

ESG Vision

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Sustainable towards Environment 1/2

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Eco friendly and Green Campus

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Rainwater Harvesting to conserve rainwater
~90% Lighting converted into LED
40% reduction in using wood by replacing to Nail-less
Packaging
STP to reuse sewage water
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• ~60% Energy from Renewal Sources

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• Wind Power – 14 MW & Solar Power – 4 MW

• Additional 1 MW solar plant is under commission

Advance Electric powered equipment geared towards green energy contribution

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32

Sustainable towards Environment 2/2

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Elecon’s commitment to 3 United Nations Sustainable Development Goals (UN SDGs) for pledge towards sustainable environment

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Elecon received approval for NEAR-TERM SCIENCE-BASED TARGETS from SBTi on 6[th] January 2025

Elecon commits to reduce absolute scope 1 and 2 GHG emissions 54.6% by FY2033 from a FY2023 base year

Elecon also commits that 81.4% of its suppliers by emissions covering purchased goods and services, and up and downstream transportation and distribution, will have science-based targets by FY2028

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33

Elecon Engineering – A responsible corporate

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Elecon's mission is to engage in environmentally responsible practices, contribute to thegreater good of society, and ensure the well-being of its employees	Health & Medical Promoting Sports Caring for Society	Health & Medical Promoting Sports Caring for Society	Health & Medical Promoting Sports Caring for Society
	❖Blood Donation Camp ❖Charity to NGOs for health care and financial support to people affected by critical illness ❖Supporting charitable hospitals with latest medical equipment ❖Health activities for community ❖Healthy Heart Walkathon ❖Health & Safety awareness programs in nearby villages ❖Yoga Session on International Yoga Day ❖Under banner “Aarogyam”, organize various awareness session	❖Elecon Cricket Academy ❖Elecon Tennis Academy ❖Sponsored State Level Badminton Tournament ❖Provide training to Players	❖Food Distribution for needy ❖Support to Weaker Section of Society ❖Support to Students through Scholarship ❖Initiative for Education and Training Program ❖Career Counselling Session for children of employees ❖Initiative for Special Person ❖Maintaining gardens in the town ❖Backing UNICEF's Mission for Child Welfare and Development

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34

Vision for Inclusiveness

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Promoting
procurements from
MSME
Sustainable Supply
Chains
Conducting Training
Dealer and Channel
Program for the
Partner Meet
customers
Web Supplier Portal
for sustainable supply
chain
Business Partner
Meet
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CSD Sales Conference
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Training Program
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35

Building Strong Workforce with Care

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Leadership Program

Sustained Workforce

• ❖ 10+ Years average service ❖ “Gurupath”– A succession period of an employee development programme

• ❖ Leadership Accountability Workshop under “Gurukul” Project

• ❖ 740+ workforce building team Elecon

• ❖ Creating a gender-diverse workforce

• ❖ Initiated workshops on cultural transformation in collaboration with a global leading organization, to strengthen the company's culture, beliefs, and values during the growth phase

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Care & Safety

❖ Zero Fatality

❖ Health & Hygiene Awareness program

• ❖ 3,265 workman hours imparted to SHE training

• ❖ Health Checkup for employees above 40 years of age

• ❖ Mediclaim for employees and their families and Term Insurance cover for Employees

❖ POSH awareness session

• ❖ Organized various session on “Health, Safety & Financial Awareness”

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Culture

Encouragement

❖ 215+ Learning and Development Programs conducted during half year

❖ Celebrate events for employees' achievements

❖ Celebrate various occasions

❖ 6,250+ employees attended various training for 15,000+ training hours under continuous learning program ❖ Employees inclusiveness through “HR Aapke Nikat ” initiativeinitiative ❖ Team Building Activity

various training for 15,000+ & Prize distribution training hours under ❖ Felicitated employees using continuous learning program cycle as mode of transport & Employees inclusiveness through “HR Aapke supporting go green initiative Nikat ” initiativeinitiative ❖ Employee’s Children Team Building Activity Felicitation for poster Host an Engineering Fair presentation on Environment as part of Engineer’s week, Day Celebration where employees showcase their creativity through ❖ Inter division cricket innovative ideas, model tournament displays and more

• ❖ Host an Engineering Fair

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36

Historical Performance

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Historical Consolidated Financial Performance and Guidance for FY26

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EBITDA EBITDA Margin
(Rs Crs.) (%)
+410 bps
+30.1% 636 24.5% 24.4% 24.0%
22.2%
543 20.3%
474
339
246
FY22 FY23 FY24 FY25 FY26E FY22 FY23 FY24 FY25 FY26E
Profit After Tax Margin
(%)
+700 bps
415 18.4% 18.6%
356 15.5%
11.6%
FY24 FY25 FY22 FY23 FY24 FY25
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Total Revenue (Rs Crs.)

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+22.5% 2,650
2,227
1,937
1,530
1,212
FY22 FY23 FY24 FY25 FY26E
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Profit After Tax
(Rs Crs.)
415
+43.7%
356
237
140
FY22 FY23 FY24 FY25
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38

Historical Consolidated Ratios

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Return on Networth (%)[1]

ROCE (%)[2]

Total Asset Turnover (x)

Net Fixed Asset Turnover (x)[5]

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22.4% 29.1% 1.0 3.7 3.6
21.0% 26.8% 0.9 0.9
18.8% 24.0%
2.9
0.7
13.6% 17.6% 2.3
FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
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Debt to Equity (x)[3]

Working Capital Cycle (Days)

Current Ratio (x)

Quick Ratio (x)[4]

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0.14 91 3.2 2.7
84 3.0 2.4
77
72 2.6
0.09 1.7
1.6
1.1
0.04 0.04
FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
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1. Net worth is calculated as Shareholder’s Equity less Intangible Assets 2. Earning Before Interest and Tax (EBIT) is calculated as Profit Before Tax plus Finance Cost (excluding lease interest) and Capital Employed is calculated as Shareholder’s Equity plus Long Term Borrowing plus Short Term Borrowings plus Deferred Tax Liabilities 3. Debt includes lease liability 4. Quick Assets is calculated as current assets less inventory less prepaid expenses; 5. Net Fixed Asset Turnover is calculated based on Average Net Fixed Assets (i.e., Property, Plant & Equipment and Right-of-Use Plant & Machinery).

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39

Historical Consolidated Profit & Loss Statement

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Profit and Loss (Rs. Crs.)	FY25	FY24	FY23	FY22	CAGR
Revenue from Operations	2,227	1,937	1,530	1,212	22.5%
Operating Expenses	1,187	1,018	836	661
Gross Profit	1040	919	694	551	23.6%
Gross Margin (%)	46.7%	47.4%	45.4%	45.4%
Employee Cost	209	188	150	128
Other Expenses	288	256	205	176
EBITDA	543	474	339	246	30.1%
EBITDA Margin (%)	24.4%	24.5%	22.2%	20.3%
Other Income	60	44	20	9
Depreciation	61	51	49	49
EBIT	542	468	310	206
EBIT Margin (%)	24.3%	24.1%	20.3%	17.0%
Finance Cost	13	9	13	37
Share in profit of Associates	8	6	3	1
Profit before Tax	537	465	300	171	46.4%
PBT Margin (%)	24.1%	24.0%	19.6%	14.1%
Tax	122	110	62	30
PAT	415	356	238	140	43.7%
PAT Margin %	18.6%	18.4%	15.5%	11.6%
EPS (Rs.)	18.50	15.85	10.58	6.26

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40

Historical Consolidated Balance Sheet

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Assets (Rs Crs.)	Mar-25	Mar-24	Mar-23	Mar-22
ASSETS
Non-current assets
Property,Plant and Equipment	555	516	527	523
Capital work-in-progress	7	1	0	1
Right to use of Assets/Investment Properties	209	106	82	70
Investmentproperty (net)	25	25	25	25
Intangible Assets	24	20	18	15
Goodwill	102	102	103	106
Investment In Subsidiaries	71	63	57	54
Financial Assets
(i)Investments	11	20	1	0
(ii)Others Financial Assets	0	6	8	2
(iii)Loans	0	0	0	0
Deferred Tax Assets(net)	0	1	2	4
Income Tax Asset	13	10	10	23
Other non-current assets	19	36	12	9
Total Non-Current Assets	1,033	905	844	832
Current assets
Inventories	243	230	279	262
Financial Assets
(i) Investments	415	203	19	0
(ii)Trade receivables	614	445	346	415
(iii)Cash and cash equivalents	159	110	82	84
(iv)Bank balances other than(iii)	200	154	128	28
(v)Loans	0	0	0	0
(vi)Other Financial Assets	14	56	9	68
Income Tax Asset	52	21	25	30
Total Current Assets	1,696	1,219	888	887
Total Assets	2,729	2,124	1,732	1,719

Equity and Liabilities (Rs Crs.)	Mar-25	Mar-24	Mar-23	Mar-22
EQUITY AND LIABILITIES
EQUITY
Equity Share Capital	22	22	22	22
Other Equity	1,976	1,582	1,257	1,028
Shareholders Funds	1,999	1,604	1,279	1,050
Non-Current Liabilities
Financial Liabilities
(i) Borrowings	0	0	0	20
(ii) Lease Liability	147	59	40	32
Provisions	3	17	33	49
Deferred Tax Liabilities (Net)	23	26	26	28
Other non-current liabilities	21	18	11	0
Total Non-Current Liabilities	194	121	110	129
Current liabilities
Financial Liabilities
(i) Borrowings	3	0	0	80
(ii) Lease Liability	31	11	11	19
(iii) Trade Payables	280	188	196	270
(iv) Other Financial Liabilities	49	45	6	8
Other Current Liabilities	143	130	111	118
Provisions	23	17	13	23
Current tax liabilities (net)	7	8	5	21
Total Current Liabilities	537	399	343	540
Total Liabilities	2,729	2,124	1,732	1,719

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41

Historical Consolidated Cashflow Statement

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Particulars (Rs Crs.)	FY25	FY24	FY23	FY22
Profit before Tax	537	465	300	171
Adjustment for Non-Operating Items	38	50	39	106
Operating Profit before Working Capital Changes	575	516	338	277
Changes in Working Capital	(72)	(43)	37	(22)
Cash Generated from Operations	503	472	375	254
Less: Direct Taxes paid	127	108	66	31
Net Cash from Operating Activities	377	365	309	223
Cash Flow from Investing Activities	(260)	(279)	(166)	15
Cash Flow from Financing Activities	(67)	(59)	(145)	(250)
Net increase/ (decrease) in Cash & Cash equivalent	49	27	(2)	(12)
Cash and cash equivalents at the beginning of the period	110	82	84	96
Cash and cash equivalents at the end of the period	159	110	82	84

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Thank You

Company: ELECON ENGINEERING COMPANY LIMITED CIN: L29100GJ1960PLC001082 Mr. Narasimhan Raghunathan / Mr. Ashish Jain Email: narasimhanr@elecon.com / arjain@elecon.com For updates and specific queries, please visit www.elecon.com

Investor Relations: Strategic Growth Advisors Pvt. Ltd. www.sgapl.net CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Tanay Shah Email: sagar.shroff@sgapl.net / tanay.shah@sgapl.net +91 98205 19303 / +91 98333 91899

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