Batliboi

- Batliboi Limited currently maintains a low debt level, with about INR11 crores cash credit and a small term loan of INR1.5-1.7 crores, plus a non-interest bearing promoter loan of roughly INR40 crores. - The company plans to repay the promoter loan using proceeds from the sale of 4 acres of land expected to fetch around INR40 crores. - Management emphasized minimal borrowing for acquisitions, preferring to raise funds through promoter equity dilution if attractive acquisition opportunities arise. - Currently, the company is more or less at zero net debt and zero interest-bearing position, supported by around INR15 crores cash in safe securities reserved for acquisitions. - No immediate major debt or equity fundraising announced; future fundraising would be opportunistic and focused on acquisitions with minimal borrowings.

- Completed INR 25 crores capex for upgrading and expanding foundry and machine shop in Machine Tools division, enabling capacity tripling and doubling monthly machine production from 30 to 60-70 units. (Page 10, 15) - Planned major capex for installing solar system at Surat manufacturing facility, aiming for near self-sufficiency in power by end of year and saving INR 1.2 to 1.5 crores annually in power costs. (Page 8) - Focus on supplying process machinery for effluent treatment plants (ETP) through Bioconserve Renewables, excluding civil construction, targeting zero liquid discharge solutions. (Page 16) - Targeting small-scale hydrogen on-site generation plants by supplying electrolyzers and balance of plant; investments by customers, no major capital raise needed. (Page 16) - Management open to acquisitions in related capital goods industries with minimal borrowing, supported by promoter equity and cash reserves. (Pages 13-14) - No major new capex planned immediately after current investments; future plans under consideration for 2026 or later. (Page 8)

- Batliboi Limited is targeting a sales growth of 10%-12% for FY '26 (Page 12, 15). - Order inflow for the entire fiscal year is expected to exceed INR 1,000 crores (Page 6). - The Machine Tools division aims to double its monthly production from about 30 to 60-70 machines in the next 1-2 years (Page 10). - Growth opportunities span multiple industries including agriculture, defense, automotive, and die-and-mold business (Page 15). - Environmental Engineering group expects growth supported by sectoral tailwinds from steel and power industries (Page 6). - Textile Machinery division anticipates better order execution going forward from Q2 onwards, enhancing revenue (Page 6). - The company expects margins and profitability to improve with capacity doubling and operational efficiency (Pages 12, 15).

- Batliboi targets 10%-12% top-line growth for FY '26, with improved bottom-line and profitability on a consolidated basis. - Doubling of Machine Tool production capacity is expected to lead to operating leverage, with gross margin expanding significantly into EBITDA and profits. - Renewable energy initiatives aiming for net power cost-free manufacturing will save approx. INR 4.5 crores annually, enhancing margins. - Environmental Engineering business, post-merger, is expected to grow sustainably with improved margins and contribute positively to consolidated profits. - Bioconserve Renewables subsidiary anticipates ending FY '26 with reasonable profits, adding to overall earnings. - Management expects quarterly volatility but emphasizes year-on-year performance as a better gauge of growth and profitability. - Overall, Batliboi projects improved ROE and ROI with operational efficiencies and expanded capacities by end of FY '26.

- As of June 2025, outstanding order book stood at approximately INR 465 crores. - Q1 FY '26 order inflow was approximately INR 270 crores. - For Q2, expected order inflow is around INR 350 crores plus. - The company aims for order inflow exceeding INR 1,000 crores for the entire fiscal year FY '26. - Environmental Engineering group's pending orders increased from INR 99 crores to INR 115 crores by the end of Q1. - Machine Tool Manufacturing division recorded INR 20 crores order inflow in Q1 and expects INR 20 to INR 25 crores in Q2. - Textile Machinery division had a Q1 order inflow of INR 167 crores, with an expected INR 200 crores order inflow in Q2. - Execution timelines vary from 3 months up to over a year, with the bulk executed within the fiscal year.