Century Enka Ltd

- The company mentioned that majority of capex related to expansion is over as of FY '24 Q4. - Current capex focuses mainly on routine, sustenance, modernization, and energy-saving projects, estimated between INR 35-50 crores annually. - Management stated they will evaluate more growth capex opportunities in the near term. - Any new growth capex plans, including potential fundraising through debt or equity, will be finalized and approved by the Board. - Once plans are approved, they will be shared publicly with stock exchanges and investors. - No specific mention or confirmation of new fundraising through debt or equity was made during the call.

- Majority of large expansion capex was completed in the last quarter of FY '24. - Current capex focus is on sustenance, cost-saving, modernization, and energy-saving projects. - Expected annual capex spend is between INR 35 crores to INR 50 crores, depending on progress. - No large growth capex announced currently; future growth capex will be evaluated and disclosed once approved by the Board. - The company is ready to capitalize on increased capacities from recent expansions as demand continues. - Continuous efforts are in place to expand value-added product portfolio as part of long-term strategy.

- Demand is expected to remain positive due to good GDP growth and favourable monsoon conditions. - Growth in tyre exports and 2-wheeler segments is driving increased reinforcement demand. - July volumes not disclosed monthly, but demand has been steady; Q2 volumes are expected to be good. - Q1 volume growth was strong (~25-27%), but moderation possible due to higher base last year. - Capacity utilization can improve if demand remains consistent across products, with current operational capacity at ~92,000 tons. - Expansion capex largely complete; focus now on routine/sustenance capex (~INR 35-50 crores/year). - Polyester Tyre Cord Fabric (PTCF) trials starting Q2 FY25, commercial production expected Q1 FY26, targeting ~10% of domestic demand. - Company optimistic about better volumes in remaining quarters compared to previous years due to capacity readiness and improving demand.

- Demand is expected to remain positive, driven by growth in 2-wheeler segments, tyre exports, and a favorable monsoon supporting tractor and 2-wheeler tyre demand. - Q2 volumes are hopeful to be strong, with steady demand observed but no specific monthly numbers disclosed. - Polyester Tyre Cord Fabric approvals are anticipated by end of FY '25, with commercial production starting Q1 FY '26, potentially adding to future revenues. - Cost optimization efforts and hybrid power usage are expected to keep power and fuel costs lower, supporting margins. - Value-added products, especially in Nylon Filament Yarn, offer further growth opportunities. - While margins may face pressure from lower Chinese prices, overall EBITDA grew 91% YoY in Q1, showing strong operational leverage. - No specific forward-looking profit or EPS guidance was given, but management expressed optimism about continued volume growth and improved demand conditions.

The transcript does not provide specific details regarding the current or expected order book or pending orders for Century Enka Limited. However, key points relevant to demand and outlook include: - Demand has been strong in Q1 FY’25, driven by 2-wheeler segment growth and tyre exports. - Management is optimistic about continued better volumes in the remaining quarters compared to previous years. - No specific quantitative data on order book or pending orders was shared. - Volume growth in Q1 was around 25-27%, with hopes that Q2 will also see good volumes. - Management refrains from giving forward-looking statements or monthly numbers. - Polyester Tyre Cord Fabric (PTCF) trials will start in Q2 FY’25, aiming for customer approvals and commercial production by Q1 FY’26. Overall, the company is optimistic but cautious, with no explicit order book figures disclosed.