Any current/future capex/capital investment/strategic investment?

The company is undertaking several new initiatives to reduce the total cost structure and unlock new efficiencies. Investments are planned in building blocks and capabilities to create incremental revenue and earnings growth in H2 FY23 and beyond. Opening of new country offices for Honeywell business with modest setups (small offices or WeWork spaces) to keep overheads low. Engagement with new NBFCs for Buy Now Pay Later facilities to improve working capital cycle, indirectly supporting operational efficiency. No specific mentions of large-scale capex or strategic investments in the transcript

Future growth expectations in sales/revenue/volumes?

The company is on track to achieve revenue between Rs. 1,150 to 1,200 crores for FY23. For FY24, the revenue target is projected around Rs. 1,600 crores. Future growth will primarily focus on scaling the Honeywell business, leveraging economies of scale expected beyond Rs. 1,200 crores revenue mark. Incremental efforts and growth will largely concentrate on Honeywell, which offers higher EBITDA and PAT margins. Other brand businesses will continue organic growth with more than 20-25 brands contributing. Honeywell business is expected to grow significantly, with projections of Rs. 120 to 130 cr

Future growth expectations in earnings/operating earnings/profits/EPS?

Revenue target for FY23 is expected to be between Rs. 1,150 to 1,200 crores, slightly below earlier guidance of Rs. 1,200 crores. For FY24, projected revenue is around Rs. 1,600 crores, with primary focus on scaling the Honeywell business. Honeywell business aims to cross Rs. 120-130 crores in FY23 and will be the main growth driver going forward. Honeywell business PAT margins expected between 15-18%, with EBITDA margins at 18-20% in markets like Hong Kong. Incremental efforts and investments will focus on improving Honeywell's scale and margins rather than growing other businesses ag

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention the current or expected order book or pending orders in exact figures. However, it is highlighted that Honeywell business is growing strongly with a geographic outreach expanded to 38 countries. The company expects to cross Rs. 39-40 crores of sales for the Honeywell business in the current quarter. The Lexar brand launched recently is achieving Rs. 1 crore of sales per month. Half-year revenue in the licensee business (mainly Honeywell) is at Rs. 51 crores with growth expected from UAE and Singapore markets. The total company revenue for H1 FY23 is R

Creative NewtechQ2 FY23Commercial Services & Supplies

Creative Newtech Q2 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹1,458.4P/E: 27.2Market Cap: ₹2.2K CrSector: Commercial Services & Supplies

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

The company is on track to achieve revenue between Rs. 1,150 to 1,200 crores for FY23.
For FY24, the revenue target is projected around Rs. 1,600 crores.
Future growth will primarily focus on scaling the Honeywell business, leveraging economies of scale expected beyond Rs. 1,200 crores revenue mark.
Incremental efforts and growth will largely concentrate on Honeywell, which offers higher EBITDA and PAT margins.
Other brand businesses will continue organic growth with more than 20-25 brands contributing.
Honeywell business is expected to grow significantly, with projections of Rs. 120 to 130 crores turnover for the entire year and run rates increasing quarter-over-quarter.
Expansion in new international markets such as Middle East (Saudi Arabia, Egypt) and Southeast Asia (Thailand, Indonesia) aims to further boost growth.
Improvement in marketing spend and operational efficiencies anticipated as cash flow strengthens.

Margin guidance

Category 3

Revenue target for FY23 is expected to be between Rs. 1,150 to 1,200 crores, slightly below earlier guidance of Rs. 1,200 crores.
For FY24, projected revenue is around Rs. 1,600 crores, with primary focus on scaling the Honeywell business.
Honeywell business aims to cross Rs. 120-130 crores in FY23 and will be the main growth driver going forward.
Honeywell business PAT margins expected between 15-18%, with EBITDA margins at 18-20% in markets like Hong Kong.
Incremental efforts and investments will focus on improving Honeywell's scale and margins rather than growing other businesses aggressively.
Emphasis on improving operating efficiency and cost optimization to drive higher EBITDA and PAT margins.
Long-term investments planned to support rapid growth and build foundational capabilities for sustainable earnings growth.

See what Creative Newtech management said on margin guidance — free account, 30 seconds.

Fundraise plans

- The transcript does not mention any current or planned fundraising through debt or equity. - There is focus on improving working capital cycle and operational efficiencies rather than raising external funds. - Ketan Patel mentioned that marketing expenses for Honeywell business would increase once cash flow improves, but no reference to raising funds. - No discussion on equity dilution or debt raising in the call. - The company is concentrating on organic growth and optimizing costs. - Investment plans appear to be funded through cash flow from operations, with caution on expenses to protect the bottom line. - Board guidance focuses on scaling Honeywell business to Rs. 250 crore before taking licensing of other brands, implying a measured financial approach. In summary, no indication of immediate or planned debt/equity fundraising was mentioned in the call.

Order book

The transcript does not explicitly mention the current or expected order book or pending orders in exact figures.
However, it is highlighted that Honeywell business is growing strongly with a geographic outreach expanded to 38 countries.
The company expects to cross Rs. 39-40 crores of sales for the Honeywell business in the current quarter.
The Lexar brand launched recently is achieving Rs. 1 crore of sales per month.
Half-year revenue in the licensee business (mainly Honeywell) is at Rs. 51 crores with growth expected from UAE and Singapore markets.
The total company revenue for H1 FY23 is Rs. 570.31 crores, growing 51.24% YoY.
The company targets full-year revenue around Rs. 1,150 to Rs. 1,200 crores.
Focus is on scaling Honeywell business further to Rs. 250 crore before considering new licenses.

See what Creative Newtech management said on order book — free account, 30 seconds.

Capex plans

Yes

The company is undertaking several new initiatives to reduce the total cost structure and unlock new efficiencies.
Investments are planned in building blocks and capabilities to create incremental revenue and earnings growth in H2 FY23 and beyond.
Opening of new country offices for Honeywell business with modest setups (small offices or WeWork spaces) to keep overheads low.
Engagement with new NBFCs for Buy Now Pay Later facilities to improve working capital cycle, indirectly supporting operational efficiency.
No specific mentions of large-scale capex or strategic investments in the transcript, but focus is on scaling Honeywell business and expanding geographic reach.
Emphasis on cautious marketing investments until Honeywell business crosses Rs. 120-130 crores threshold, post which marketing spend will increase.

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What Creative Newtech's management said in earlier quarters

Earlier calls (7)

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