### **Overview** Kabra Extrusiontechnik Ltd. (KET) is India’s leading manufacturer and exporter of plastic extrusion machinery, with over **60 years of industrial experience** and a global footprint spanning **more than 100 countries** across the Americas, Middle East, Asia, Africa, and Southeast Asia. The company has executed over **15,000 installations worldwide** and holds a **40% market share in India’s organized extrusion machinery sector**, solidifying its position as the **market leader**. KET is part of the **Kolsite Group**, a diversified industrial conglomerate with **eight state-of-the-art manufacturing plants**, an annual turnover of **approximately INR 1,500 crores**, and a workforce of around **2,000 skilled professionals**. The company has evolved from a core plastics machinery manufacturer into a **dual-business powerhouse**, now operating under two key verticals: 1. **Extrusion Machinery Division** 2. **Battery & Energy Storage Systems (BESS/ESS) Division — operating under the brand "Geon" (formerly Battrixx)** --- ## **Business Segments** ### **1. Extrusion Machinery Division** KET is a benchmark player in the plastic extrusion equipment industry, specializing in: - Blown Film Lines - Pipe Extrusion Lines (HDPE, PVC, corrugated) - Sheet & Profile Lines - Compounding Lines - Auto-Feeding Systems - Drip Irrigation Lines The division serves critical industries including packaging, construction, telecom, plasticulture, and infrastructure. It leverages **advanced R&D**, internal innovation, and **strategic international partnerships** to deliver high-efficiency, energy-saving, and sustainable processing solutions. #### Key Technological Collaborations: - **Battenfeld-Cincinnati (Germany)**: Technical tie-up since 1983 for pipe & profile machinery. - **Extron Mecanor (Finland)**: Joint venture since 2016 for integrated pipe socketing and belling solutions. - **Penta SRL (Italy)**: 50:50 JV for auto-feeding systems in plastics and food processing. - **Unicor GmbH (Germany)**: Technology partnership for corrugated pipe machines. #### Recent Developments (2024–2025): - Regained leadership in **high-output (600+ kg/hr), low-thickness (10–20 micron), multilayer barrier film segments**. - Developing **bio-compostable films** in collaboration with select customers. - Upgrading film plants for **higher output and wider widths**, targeting high-demand applications. - Launched innovative products like: - **solEX 90-40 HDPE Pipe Plant** with real-time thickness scanning (up to 1500 kg/hr). - **EMAX series extruders** with 10–15% higher output and reduced part count. - **High-speed drip lines** (up to 120 m/min) for precision irrigation. The division emphasizes **sustainability** by supporting reusable, recyclable, and compostable plastics, and is aligned with global trends toward green manufacturing. --- ### **2. Battery & Energy Storage Division: Geon (formerly Battrixx)** Launched initially as **Battrixx in 2020**, this division was rebranded as **Geon** in August 2025 as part of KET’s strategic vision to become a leader in **green energy storage and electric mobility**. Geon is headquartered at an **advanced manufacturing and R&D facility in Chakan, Pune**, and is recognized as **India’s largest chemistry-agnostic lithium-ion battery pack manufacturer**—a strategic differentiator in the fast-evolving EV and energy storage landscape. #### Core Capabilities: - **Multi-Chemistry Expertise**: LFP, NMC, NCA - **Multi-Format Production**: Cylindrical and prismatic cells - **In-House Battery Management System (BMS)** with IoT, cloud analytics, AI-based life prediction - **IATF 16949 Approved Manufacturing Facility** - Pan-India OEM partnerships and real-time data feedback Geon chose **not to manufacture cells**, focusing instead on: - Module assembly - Pack integration - BMS & IoT development - Vehicle-level integration - Recycling and second-life applications #### Flagship Products & Applications: | Application | Product Offering | |-----------|------------------| | **E-Mobility** | Battery packs for E-2W, E-3W, E-LCVs, E-4W, E-buses, E-tractors | | **Battery Swapping** | Modular swap stations with cloud connectivity | | **Energy Storage Systems (ESS/BESS)** | Home backup, telecom, solar plants, grid-scale storage | | **Smart Solutions** | Ingenious IoT Device (2G to 5G, GPS, CAN, BLE, UART) | #### Market Position & Strategy: - **18% market share in the e-two-wheeler battery segment (as of FY24–25)** - Plans to expand into **E-3W, E-4W, LCVs, buses, and tractors** - Strategic entry into **battery swapping** and **Energy Storage Services (ESS)** by Q4 FY24 - Targets **becoming a major player in India’s BESS market**, projected to exceed **208 GWh by 2030** #### Key Milestones: - **300,000+ lithium batteries supplied**, supporting over **6 lakh electric two-wheelers** - **Acquisition of Varos Technology (Pune)** in FY23: Strengthened BMS capabilities with **AI-powered cloud analytics** for battery performance, safety, and lifecycle forecasting. - **Joint R&D efforts** leading to improved OEM battery designs and increased supply share (e.g., from 10% to 60% for key clients). - Secured **early orders from Hero Electric**, India’s largest e-2W OEM, showcasing market validation. - Partnerships with **EVE Power Co. Ltd. (China)**: Kabra integrates EVE’s battery cells and DC modules at its Indian facility for BESS solutions, combining **global technology** with **local assembly**. #### Expansion Plans: - **North India Plant**: A new, **fully automated 0.75 GWh battery pack facility** under Geon brand, approved for **Q3 FY24 commissioning**, to serve growing North Indian EV markets. - **Capacity Expansion**: - From **0.5 GWh (2022)** → **2 GWh (by end of FY24)** - Investment of **₹100 crores** in new production lines (5 cylindrical + 4 prismatic) - **R&D Focus Areas**: - Cell electrochemistry - Battery modeling & simulation - Telematics and real-time data analytics - Performance, safety, and compliance optimization --- ## **Strategic Shift: Entry into B2C Market (July 2025)** In a major strategic shift, **KET made its first-ever entry into the B2C segment** through Geon’s launch of **high-efficiency lithium-ion inverter batteries** for **home and small business power backup**. #### Key Features of Geon Home Energy Batteries: - Lightweight, **fast-charging**, **long cycle life** - Low maintenance, **eco-friendly**, with **lower total cost of ownership** - Compatible with solar inverters - Designed for areas with frequent power outages - Safer, smarter, and more reliable than lead-acid alternatives This move leverages KET’s **R&D strength, lithium-ion expertise, and pan-India distribution** to democratize access to **clean, reliable energy storage** for Indian households. --- ## **Financial Highlights (FY23–FY24)** | Metric | FY23 | FY24 | |--------|------|------| | **Total Revenue** | ₹6,732 crores (INR 3,198 + 3,534) | ₹608 crores (Q1 FY24 reported) | | **Revenue Mix** | Extrusion: 48% | Extrusion: 57% | | | Battery: 52% | Battery: 43% *(shift due to expansion phase)* | | **Gross Profit Margin** | 27.4% | 30.3% | | **Extrusion EBIT** | ₹366 million | — | | **Battery (Battrixx) EBIT** | ₹273 million | — | Notably, despite a **9.3% decline in total revenue** in FY24, **GP margins improved by nearly 3%, indicating operational efficiency and product mix optimization**. --- ## **R&D & Innovation** KET houses **one of the largest R&D teams in the plastics machinery industry**, with engineers specialized in: - Processing - Automation - Design & Controls - Application Development - Material Science Equipped with **government-recognized R&D centers in Daman**, the team continuously drives product innovation, such as: - Induction heating systems (15–20% power saving) - Efficient air cooling systems (EAC series) - Multi-layer film lines (3, 5, 7-layer specialty films) - Real-time thickness scanning and gravimetric feeding In the battery space, Geon’s **dedicated R&D cell** focuses on **battery modeling, simulation, electrochemistry**, and **real-world performance validation**.