Apex Ecotech Ltd

- Apex Ecotech is currently in discussions with bankers for higher debt limits to support upcoming projects, as indicated by Anuj Dosajh on page 14. - The company plans to use available cash (around ₹35 crores) largely for fixed deposits acting as collaterals towards non-fund based guarantees (bank guarantees, performance guarantees) required for projects. - There is no mention of any immediate equity dilution or new equity fundraising; equity dilution is explicitly denied in the clarification on page 22. - The focus is on increasing non-fund based bank limits rather than raising equity capital. - Overall, fundraising efforts appear centered on debt/credit facilities to fuel growth and manage working capital needs, with no current plans for equity fundraising disclosed.

- Currently, Apex Ecotech Limited holds around ₹35 crores in cash. - Most of these funds are directed towards fixed deposits as collateral for non-fund based guarantees such as ABGs, retention bank guarantees, and PBGs. - The company is in discussions with bankers to increase these limits to support upcoming projects. - No specific plans for investments in new technologies or acquisitions were mentioned at this time. - The focus remains on managing financial resources prudently to support growth and project execution rather than on immediate strategic capital investments or acquisitions.

- The company targets 30-40% overall growth going forward, aiming for topline expansion. - Order book as of March 31, 2026, stood at over ₹125 crores, with the expectation to execute most within FY27. - Multiple marquee large-ticket projects in the pipeline, providing strong revenue visibility. - Expect increase in size and frequency of large projects, driven by growing industrial water demand and stricter environmental compliance. - Planned strategic consolidation in the favor of growth and technology adoption to stay ahead of competitors. - Continued focus on expanding technological capabilities and operational efficiencies to support growth. - CEO emphasizes a “long runway to cover,” indicating substantial growth potential ahead. - Management cautious on margin absorption and pricing, aiming to maintain or improve profitability while scaling revenues.

- Apex Ecotech aims for at least 30-40% overall growth in FY27 based on current trends. - The company expects to maintain a 15% EBITDA margin, actively adjusting prices to manage commodity cost increases. - Order book of ₹125 crore is largely expected to convert into revenue within FY27, providing strong revenue visibility. - Further large-ticket orders from marquee clients like Reliance and Larsen & Toubro are anticipated. - No equity dilution; EPS growth reflects weighted average share calculations. - The management expects continued strong profit growth and operational scale-up, aiming to sustain or improve margins. - Despite volatile markets, Apex intends to keep prudent financial discipline and operational efficiency to deliver consistent earnings growth. - Long-term focus remains on expanding market presence and leveraging technology partnerships to drive sustainable profitable growth.

- Current order book stands at approximately ₹125 crore, set to be executed within the financial year 2026-27. - This ₹125 crore order book has nearly doubled compared to previous years (e.g., around ₹55-62 crore last year). - Majority of these orders have gestation periods of 8-10 months. - The company is well-placed with multiple marquee, large-ticket orders, ensuring a strong pipeline and revenue visibility. - Further orders expected to be finalized in the next 3-4 months, expected to reflect in FY27 and FY28. - The reduced order book compared to some prior presentations (e.g., ₹145 crore) is mainly due to order execution and billing timelines. - Emphasis on custom-built industrial water treatment projects rather than large government contracts. - The company is optimistic about growth and has a positive business outlook for FY27 driven by this robust order pipeline.