Event Details

  • Event: Alpha Ideas SME Stars 2026 investor interaction
  • Date: 6th September, 2026 (Sunday)
  • Time: From 9:00 AM onwards
  • Content: Company's business overview, operational performance, growth strategy, and industry outlook
  • Disclosure: Presentation made available on company website https://cryogenicogs.com/investors.html
  • UPSI Status: No unpublished price sensitive information was discussed

Corporate Overview

  • Founded: 1997 in Vadodara, pivoted to oil and gas in 2008-2009
  • Location: Vadodara, Gujarat, India
  • Global Reach: Operations in 12+ countries
  • Installations: 300+ sites and terminals across India
  • Products: 1000+ Custody Transfer Metering and Truck Loading Skids delivered
  • Customer Retention: 90%+ repeat-customer rate
  • Workforce: 50+ engineers and staff, 80+ manufacturing-floor workers (40+ skilled labour)

Business Operations

Cryogenic OGS designs and manufactures precision measurement, filtration and custody-transfer engineering systems for oil, gas and clean energy infrastructure, including:

  • Truck Loading Skids
  • Wagon Loading Skids
  • Custody Transfer Metering Skids
  • Additive Dosing Skids
  • Basket Strainers
  • Air Eliminators
  • Prover Tanks
  • Filtration & Metering Systems
  • Custom Process Skids
  • Density Probes

Product Portfolio

Seven product families with 25+ SKUs:

1. Measurement & Custody Transfer

2. Filtration & Air Separation

3. Fuel Conditioning & Additive Injection

4. Process Instrumentation & Quality Monitoring

5. Calibration & Verification

6. Engineered Process & Turnkey Solutions

7. Specialty Lifting & Handling

Manufacturing Facility

Integrated facility at Por Industrial Park, Vadodara bringing design, assembly and testing under one roof including process engineering, fabrication, hydrostatic testing and factory acceptance.

Quality Certifications

  • ISO 9001, 14001 & 45001 Management System Certifications
  • ASME U-Stamp for international pressure equipment mandates
  • EIL Vendor Approval for piping spools (granted January 2026)
  • ADNOC Approval for metering skids (May 2026)
  • Approved vendor for IOCL, BPCL and HPCL

Financial Performance (FY26)

  • Revenue: ₹40.6 Crore
  • Profit After Tax: ₹8.83 Crore
  • Zero borrowed debt on balance sheet
  • Cash and near-cash: ₹32.78 Crore (up from ₹11.07 Cr year ago)
  • IPO Proceeds: ₹17.77 Crore raised via July 2025 SME IPO at ₹47/share
  • Net Worth: ₹54.65 Crore (up 88.5% YoY)
  • Balance Sheet Size: ₹66.72 Crore (nearly double FY25)
  • Earnings Per Share: ₹7.69 (up from ₹5.80 in FY25)
  • Receivables: ₹4.80 Crore (reduced despite 24% revenue growth)
  • Finance Costs: ₹0.11 Crore for the year
  • Non-current liabilities: ₹8.25 Crore of lease liabilities (FY26)

Strategic Initiatives

Cryogenic OGS Middle East FZE (Wholly owned subsidiary in UAE)

  • Established in Aiman, UAE as operational entity, not trading house
  • ADNOC approved for metering skids (May 2026)
  • EIL approved for piping spools (January 2026)
  • ASME U-Stamp certified (April 2026)
  • Approved sub-vendor for Emerson, Honeywell, ABB, Yokogawa and Endress+Hauser
  • End customers include Schlumberger, Dangote, Honeywell Nigeria, Honeywell USA, Chemietech Malta

Hybrid Manufacturing Model

Configurable supply framework offering 40-60% cost advantage through:

  • Engineering in India at $20-40/hr equivalent vs UAE rates of $80-150/hr
  • Fabrication and installation in UAE for ICV targets
  • Single-point accountability with one contract and QC system

Infravolt Engineering (51% owned subsidiary)

  • Focus: Energy transition & railways precision components
  • Current Orders: ₹17.86 crore from FIMER India for solar-inverter busbar kits
  • Strategic rationale: Adjacent growth leveraging existing infrastructure

Market Opportunities

LNG Truck Loading

  • India imported 27.9 MT LNG in FY24, projected to double by 2030
  • PNGRB targets 50,000 LNG trucks by 2030 with 350 refuelling stations
  • Global small-scale LNG market: $19.4 Bn by 2030 at 10.4% CAGR
  • Company delivered first LNG truck-loading skids for Konkan LNG (2021) and executing for Petronet LNG through Emerson

Piping Spools

  • EIL approval already obtained
  • Uses existing ASME B31.3 fabrication capabilities
  • Opens refinery and PSU tender opportunities

Global Energy Infrastructure

  • Record LNG export capacity additions in US, Qatar and Canada (2026-2028)
  • Wind energy: 165 GW added globally in 2025
  • Green Hydrogen: India targets 5 MMTPA by 2030 with ₹19,744 crore outlay

Board of Directors

  • Nilesh N. Patel: Chairman & Managing Director (Mechanical engineer, founder)
  • Dhairya Patel: Whole-time Director (B.Tech Petroleum Engineering, leads sales)
  • Kiran N. Patel: Non-Executive Director (HR and logistics operations)
  • Shashank Garg: Independent Director (Practicing Chartered Accountant)
  • Prerana S. Bokil: Independent Director (Company Secretary with Bachelor of Laws)

Management Team

  • Ravi M. Jain: Chief Financial Officer
  • Rashmi K. Otavani: Company Secretary & Compliance Officer