Any current/future new fundraising through debt or equity?

There is no explicit mention of any current or future fundraising plans through debt or equity in the provided transcript. The management primarily discusses focusing on order book growth, revenue increase, and expanding business domestically and internationally. There is no clear indication of raising capital via debt or equity in the call. Their strategy revolves around increasing orders, entering new markets, and collaborations rather than fundraising announcements. They emphasize organic growth, project wins, and margin improvement as key initiatives.

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

Discussions ongoing with Petronet LNG regarding large capex projects (~INR17,000-18,000 crores), but no specific projects disclosed yet (Page 11). Exploration in international markets like Nigeria (petchem and fertilizer projects), UAE, and MENA regions with anticipation for new orders in the next 12-18 months (Pages 9-11). Solar CSP project feasibility study underway with a public sector company, expected to materialize next financial year, including collaboration with an Australian partner focusing on balance of plant (Pages 8-12). Expansion in green hydrogen and related energy transition

Future growth expectations in sales/revenue/volumes?

Engineers India Limited (EIL) targets revenue growth with an aspirational vision of achieving INR 5,000 crores by 2025 ("Vision 5K '25"). The company is making all efforts including entering new areas, forming tie-ups, and expanding into international markets to increase its order book and revenue. Consultancy revenues are expected to grow around 10% next year if projects materialize. International business is expected to grow moderately by 20-30% over the next 2-3 years. Current year targets a turnover exceeding INR 3,500 crores, with gradual improvement in margin guidance. Order inflow is ta

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

For the current fiscal year, the company targets a turnover exceeding INR 3,500 crores with an expected 10% growth next year if projects materialize. EBIT margins for consultancy are anticipated between 20% to 25%, lower than the previously seen 28%-30% range, due to variability in change orders. Turnkey segment margins are expected in the range of 3%-5%, with improvement seen in the current quarter due to ONGC projects. Profit after tax for the quarter improved by 4%, and nine-month PBT and PAT showed significant increases of 51% and 45%, respectively. Earnings per share (EPS) for nin

Current/ Expected Orderbook/ Pending Orders?

Unexecuted order value stands at INR 7,990 crores: - Consultancy segment: INR 4,751 crores - LSTK (turnkey) segment: INR 3,239 crores Current year's business secured expected to surpass last year's INR 4,500-4,700 crores, targeting around INR 5,000 crores to sustain growth. Negotiations ongoing for three mega complexes (two in India, one overseas) expected to materialize before March 31, 2024. L1 status in one project for IOCL sustainable aviation fuel (expect award soon). Multiple projects in pipeline including petrochemical complexes and projects with BPCL, IOCL, GAIL, and PLNG. Int

Engineers IndiaQ3 FY24Construction

Engineers India Q3 FY24 Earnings Call Analysis

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

Price: ₹313P/E: 22.6Market Cap: ₹17.7K CrSector: Construction

Management growth scorecard

Revenue

Category 3

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 3

Engineers India Limited (EIL) targets revenue growth with an aspirational vision of achieving INR 5,000 crores by 2025 ("Vision 5K '25").
The company is making all efforts including entering new areas, forming tie-ups, and expanding into international markets to increase its order book and revenue.
Consultancy revenues are expected to grow around 10% next year if projects materialize.
International business is expected to grow moderately by 20-30% over the next 2-3 years.
Current year targets a turnover exceeding INR 3,500 crores, with gradual improvement in margin guidance.
Order inflow is targeted to sustain at a minimum INR 4,500 to INR 5,000 crores to maintain growth.
Expansion into new sectors like green hydrogen, solar CSP, sustainable aviation fuel, and defense sector diversifies revenue streams.
Energy transition businesses are expected to contribute increasingly to overall revenue, targeting 8-20% growth over the next couple of years.

Margin guidance

Category 3

For the current fiscal year, the company targets a turnover exceeding INR 3,500 crores with an expected 10% growth next year if projects materialize.
EBIT margins for consultancy are anticipated between 20% to 25%, lower than the previously seen 28%-30% range, due to variability in change orders.
Turnkey segment margins are expected in the range of 3%-5%, with improvement seen in the current quarter due to ONGC projects.
Profit after tax for the quarter improved by 4%, and nine-month PBT and PAT showed significant increases of 51% and 45%, respectively.
Earnings per share (EPS) for nine months increased to INR 4.73 from INR 3.26 the previous year.
The company aims to sustain or increase order inflows around INR 4,500 to INR 5,000 crores annually, focusing on expanding international business and new segments, though growth may be moderate.

See what Engineers India management said on margin guidance — free account, 30 seconds.

Fundraise plans

There is no explicit mention of any current or future fundraising plans through debt or equity in the provided transcript.
The management primarily discusses focusing on order book growth, revenue increase, and expanding business domestically and internationally.
There is no clear indication of raising capital via debt or equity in the call.
Their strategy revolves around increasing orders, entering new markets, and collaborations rather than fundraising announcements.
They emphasize organic growth, project wins, and margin improvement as key initiatives.

Order book

Unexecuted order value stands at INR 7,990 crores:
- Consultancy segment: INR 4,751 crores
- LSTK (turnkey) segment: INR 3,239 crores
Current year's business secured expected to surpass last year's INR 4,500-4,700 crores, targeting around INR 5,000 crores to sustain growth.
Negotiations ongoing for three mega complexes (two in India, one overseas) expected to materialize before March 31, 2024.
L1 status in one project for IOCL sustainable aviation fuel (expect award soon).
Multiple projects in pipeline including petrochemical complexes and projects with BPCL, IOCL, GAIL, and PLNG.
International orders currently INR 500-600 crores last year, expected to increase 20-30% over next 2-3 years.
New segments and overseas expansions are gaining focus but may take time to ramp up.

See what Engineers India management said on order book — free account, 30 seconds.

Capex plans

Yes

Discussions ongoing with Petronet LNG regarding large capex projects (~INR17,000-18,000 crores), but no specific projects disclosed yet (Page 11).
Exploration in international markets like Nigeria (petchem and fertilizer projects), UAE, and MENA regions with anticipation for new orders in the next 12-18 months (Pages 9-11).
Solar CSP project feasibility study underway with a public sector company, expected to materialize next financial year, including collaboration with an Australian partner focusing on balance of plant (Pages 8-12).
Expansion in green hydrogen and related energy transition sectors backed by government policies and incentives for 4.5 lakh tons per annum capacity, with expected business growth within a year (Pages 12-14).
Focus on infrastructure projects including Intelligence Bureau building (~INR350 crores), RBI data centers, and airport developments, emphasizing project management consulting (Page 5).
Ongoing negotiations and targeting order book of INR5,000 crores+ supported by new segments and overseas expansion (Pages 6-7).

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Engineers India Q3 FY24 Earnings Call Analysis

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