CRYOGENIC OGS – Structural Scale-Up Story
Big Trigger – EIL Approval
• Approved for large PSU piping tenders
• Entry into higher ticket opportunities
• Improves order conversion visibility
Financial Strength
• Zero debt balance sheet
• ₹27 Cr cash on books
• H1FY26 revenue up 57% YoY
• EBITDA margin at ~30%
• Capacity utilisation at 35–40%
• Scalable up to 3x with operating leverage
Order Visibility
• Current order book at ₹22–25 Cr
• ₹65 Cr bids submitted
• Egypt truck loading skids project
• Honeywell Nigeria project
Strategic Transition
• Moving toward end-to-end systems integrator
• Supports structurally higher margins
• Enhances wallet share per project
Global Expansion Focus
• Targeting ADNOC & Saudi Aramco
• LNG & hydrogen exposure building
• aDENS probe order traction
Promoter Confidence
• Promoter buying worth ₹46 Lakhs
• Stake increase at current levels
Competitive Positioning
• 15+ years PSU track record
• 80–90% share in key products
• Installed base across 200+ terminals
Investor Lens
• Debt-free + high margin profile
• Export opportunity expanding
• Scale-ready platform with approval catalyst
