Ecoline Exim

- Ecoline Exim Limited does not plan to take any debt as of now. - The company will be utilizing internal accruals and IPO proceeds for its capex plans. - There are no borrowings except export credit limits from banks, on which interest is paid. - The company has fixed deposits and reserves reserved for capex. - Future capex, including the Ahmedabad plant (~INR 65-70 crores) and smaller capex (~INR 8-10 crores) at Calcutta plant, will be funded through IPO proceeds and internal accruals. - No mention of any new fundraising through equity apart from IPO proceeds being used.

- Capex plans include setting up a new plant in Ahmedabad with an estimated capex of INR 65-70 crores. - The Ahmedabad plant covers a large land area with 300,000 to 400,000 sq. ft. of constructed area, expected to improve revenue and margins over time. - In the current financial year, around INR 8-10 crores capex is planned, mainly for the Calcutta plant, which is partly on rent with incremental capex around INR 10 crores. - Two new plants in Calcutta are coming up with added capacity of 12-14 million units (Factory 4) and 8 million units (Factory 6), increasing capacity by approx. 50% next financial year. - Total capacity expected to reach 65 million units next year and 110 million units by FY 2028-29. - Capex to be funded through IPO proceeds and internal accruals; no plans to take debt. - Expect new plant revenues from late current financial year onwards, with phased margin improvements.

- For the current financial year (FY 2025-26), Ecoline Exim targets sales around INR 300-320 crores. - Next financial year (FY 2026-27), expected revenue is INR 380-390 crores, with an internal target of INR 400 crores, representing peak utilization of existing and upcoming capacities. - By FY 2028-29, with the Ahmedabad unit operational, revenue is expected to exceed INR 600 crores. - Capacity addition of 20 million bags in the next financial year (starting January 2026) will contribute about 15% to revenue growth. - Current capacity utilization is over 95%, with ongoing expansion helping accommodate growing order inflow (20% growth compared to the previous year). - Growth is supported by broadening market reach, including USA, Japan, Europe, Latin America, and CIS. - Product expansion into polyester bags is planned, potentially aiding marketing and margin enhancement.

- Revenue expected to grow from INR 300-320 crores (FY 2026) to around INR 380-390 crores next year, with an internal target of INR 400 crores. - By FY 2028-29, with Ahmedabad unit operational, top-line expected to exceed INR 600 crores. - Capacity planned to increase from current 45 million units to 65 million by next year, targeting 110 million units by FY 2028-29. - PAT margin projected to improve from approx. 9.3% (H1 FY26) to around 10% in current year and 11%-12.5% by FY 2028-29 due to operational efficiencies and scale benefits. - EBITDA margin guidance around 14%-15% for current fiscal year. - Expansion into polyester product segment expected to support margin improvement gradually. - Working capital management and reduced production lead times being focused to improve cash flows, supporting profitability growth.

- Current order book stands at approximately INR102 crores. - Order inflow has grown by about 20% compared to the last financial year. - Order conversion cycle is around three to three and a half months. - Orders are not one-time bulk but from established retail brands across various countries. - Company maintains a diversified customer base to avoid concentration risk. - Inventory in-house is roughly for about two to three months. - Production capacity utilization is around 90%-95%, aided by outsourcing certain production processes. - New production capacity (Unit 4) trials start mid-December with revenue expected from the last quarter of the current financial year. - Peak revenue capacity from the new unit expected to contribute at least 15% to next year's revenue.