EP BIOCOMPOSITES LIMITED

Manufactures fibre-reinforced plastic (FRP) products and builds water and wastewater treatment infrastructure from its base in Goa. Operations are split into two divisions: an FRP unit that makes doors, door frames, bio-toilets, biodigester tanks and, more recently, cast iron benches, and an Aqua unit that designs, supplies, installs and operates sewage and effluent treatment plants. Customers include government departments (Goa Tourism Development Corporation, the Goa Fisheries Department via Sewerage & Infrastructural Development Corporation of Goa, ONGC), hotels, institutions and residential clients, with work also subcontracted through construction firms. Recent orders illustrate the order book shape: a 100 KLD sewage treatment plant at Cutbona jetty (about Rs. 2.84 crore) with 10 years of operations and maintenance, a 225 KLD modular STP using MBBR technology for the ONGC Convention Centre in Goa (about Rs. 1.25 crore), and a 1,000-unit order of Model IV Premium Cast Iron Benches for tourism and public locations across Goa (about Rs. 2.15 crore). The company has set a five-year target to recycle 100 million litres of wastewater daily and has signed a research agreement with IISc Bengaluru to develop non-biological wastewater treatment technology. Raw materials are the dominant cost, at 63.6% of revenue in FY26, followed by employee costs at 12.8% and other operating expenses at 7.4%; capital spending was just 0.7% of revenue. AR · MarketPing reader · 2026-08-02

Revenue streams, as the annual report describes them. FRP division (doors, frames, bio-toilets, biodigester tanks, cast iron benches), Aqua division (sewage and effluent treatment plants). Small, order-driven, materials-intensive sanitation and water-treatment business with project-based revenue.

Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)