Annual Performance Highlights FY17-FY22

31 I Investment Rationale حمام ✓ ✓ ☐ CAPEX COMPLETED Completed a significant CAPEX between 2018-21, taking manufacturing capacity to *250 crores in Sales from erstwhile *75 crores in 2017. Potential to do 25% EBITDA Margins on the same. OPPORTUNITY SIZE Huge potential of Affordable Automation and Industry 4.0 offerings EMERGING OPPORTUNITIES IN MANUFACTURING Emerging opportunities in sectors such as Electronics, Aero Space and Medical Equipment FOCUSED ON DELEVERAGING ☐ SEASONED MANAGEMENT The company is focusing on debt repayment through a) higher internal accruals and b) reducing working capital cycle ■ 3rd generation of Innovators and Engineers at helm MARSHALL MACHINES LIMITED

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