Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, submitting an Investor Presentation highlighting the company's Financial and Operational Performance for the quarter ended June 30, 2026 (Q1 FY27).

Key Business Highlights – Q1 FY27

  • Exclusive Defense Supplier: GEE Limited was the exclusive supplier of welding consumables for the simultaneous commissioning of three indigenously built Indian Navy platforms on June 21, 2026. This highlights its capabilities in high-specification defence and shipbuilding applications.
  • Platforms Commissioned: The platforms were INS Dunagiri (Project 17A Stealth Frigate), INS Agray (Arnala-class anti-submarine warfare shallow water craft), and INS Sanshodhak (advanced survey vessel).
  • Key Relationships: This achievement reinforces the company's longstanding relationships with leading defence shipyards, including Garden Reach Shipbuilders & Engineers Ltd. (GRSE).
  • Management Commentary: Mr. Umesh Agrawal, Joint Managing Director, stated that this underscores the company's "technical expertise, consistent quality and reliability in supporting India's strategic defence programs."

Key Financial Highlights – Q1 FY27

Income Statement (INR Mn)

  • Revenue from Operations: ₹1,028.6 Mn in Q1FY27, compared to ₹791.8 Mn in Q1FY26, a 29.9% year-on-year (YoY) increase. Sequentially, revenue was down from ₹1,121.6 Mn in Q4FY26.
  • Gross Margin: Stood at 22.9% in Q1FY27, an increase of 37 basis points from 22.5% in Q1FY26, but lower than the 29.1% in Q4FY26.
  • EBITDA: ₹80.0 Mn in Q1FY27, a 76.1% increase from ₹45.4 Mn in Q1FY26. EBITDA Margin was 7.8%, up 204 bps YoY from 5.7%.
  • PBT (Before Exceptional Items): ₹54.5 Mn in Q1FY27, a 318.1% increase from ₹13.0 Mn in Q1FY26. PBT Margin was 5.3%, up 365 bps YoY.
  • Exceptional Items: The company recognized an exceptional gain of ₹36.96 million (₹37.0 Mn) arising from the sale of two immovable properties.
  • Reported PAT: ₹68.5 Mn in Q1FY27, a 601.5% increase from ₹9.8 Mn in Q1FY26. Reported PAT Margin was 6.7%, up 542 bps YoY.
  • Adjusted PAT (Excluding Exceptional Gain): ₹31.5 Mn in Q1FY27, a 222.8% increase YoY. Adjusted PAT Margin was 3.1%, up 183 bps YoY.
  • Earnings Per Share (EPS): Reported Basic EPS was ₹1.32, up 594.7% YoY. Adjusted EPS was ₹0.61, up 222.8% YoY.

Company Overview & Operations

  • Legacy & Leadership: The company has a 65+ year legacy in welding consumables, led by the current promoters since 1996. The leadership team includes Joint Managing Directors Om Prakash Agarwal and Umesh Agarwal, and CFO Payal Agarwal.
  • Manufacturing Capacity: The company has two manufacturing facilities in Kalyan (~21,000 MT capacity) and Kolkata (~38,000 MT capacity), with a total installed capacity of ~59,000 MT. A flux-cored wire capacity is being installed at the Kolkata plant.
  • Product Portfolio: The company offers a comprehensive portfolio including SMAW Electrodes, Low Heat Input (LHI) Electrodes, SAW Wires & Fluxes, Flux Cored Wires, GMAW/MIG Wires, GTAW/TIG Wires, and Brazing Wires & Fluxes.
  • Market Reach: The company has a pan-India network of 500+ dealers and exports to 20+ countries. Its business is roughly balanced at ~50% B2C and ~50% B2B.
  • Customer Base: The company is empaneled with major organizations including DRDO, BHEL, L&T, Indian Railways (10+ years), NPCIL, ADNOC, and various PSUs and private sector players.

Growth Strategy & Outlook

  • Revenue Target: Targeting a 25-30% Revenue CAGR until FY29.
  • Market Share Goal: Aiming for up to 15% market share via organic growth.
  • Margin Target: Targeting 13%+ EBITDA Margins through improved formulations, backward integration, and manufacturing high-margin products like flux-cored wires and stainless steel electrodes.
  • Capacity Utilization: Plans to scale utilization from the current 57% to ~90% of existing capacity.
  • Expansion Plans: The holistic vision is to evolve into a comprehensive solutions provider through in-house manufacturing of equipment and safety gear, and to expand into Africa, the Middle East, and Southeast Asia.
  • Inorganic Growth: The company is evaluating targeted acquisitions (ticket size ₹50-100 Cr) in areas like welding equipment, specialty electrodes, and safety equipment.

Capital Allocation & Asset Monetization

  • Wagle Estate Deal (Nov 24, 2025): Transferred development rights for 13,391 sq m leasehold land in Thane to Fen-kin Infinity LLP for a commercial/IT park.
  • Proceeds: GEE is to receive ~2.9 lakh sq ft of built-up area (RERA-registered). The deal has a ₹400+ Cr potential realization over 5 years, with ~₹50 Cr assumed in FY27.
  • Use of Proceeds: Funds are earmarked for organic growth (capex), inorganic growth opportunities, product portfolio expansion, rewarding shareholders, and new market entry strategies.

Industry Context

  • The Indian welding consumables market is valued at ~USD 1.2B in 2024 and is projected to grow at a 6-6.4% CAGR, reaching USD 2.1-2.4B by 2033-2035.
  • The company is positioned to benefit from growth in Infrastructure, Railways, Defence, Steel, Oil & Gas, Power & Nuclear, and Shipbuilding sectors.

Annual Financial Snapshot (FY26)

  • Revenue from Operations: ₹3,691.4 Mn
  • EBITDA: ₹334.0 Mn (9.0% margin)
  • Reported PAT: ₹130.0 Mn (4.4% margin)
  • Reported EPS (Basic): ₹2.5