Any current/future new fundraising through debt or equity?

No further equity dilution is planned over the next 2 years unless there is an acquisition. Any dilution due to acquisitions is expected to be minimal (previous acquisition diluted equity by less than 1.5%). Currently, there are outstanding promoter warrants at higher prices (INR 292 and INR 400), which will increase promoter stake but are not new fundraising. No specific mention of any new debt fundraising was made in the transcript. The focus appears to be on organic and inorganic growth with minimal impact on equity dilution and careful capital management.

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

Completion of Pune venue (Messe Global Convention Center) Phase 1 by March 2025, expected to generate INR 40-50 crore revenue from next financial year. Plans to open 2 more venues in Mumbai and Ayodhya; Ayodhya land (5 acres) already acquired with construction starting next financial year. Venue expansions primarily through joint venture (JV) models to maintain capital efficiency and keep the balance sheet light. Mumbai venue details not disclosed yet; discussions ongoing for JV partnerships. Fixed assets expected to be capped at 20-25% of balance sheet size, maintaining an asset-light model.

Future growth expectations in sales/revenue/volumes?

FY25 & FY26 revenue will see significant contributions from both existing and new subsidiaries. Existing companies (standalone + 2 subsidiaries) to contribute ~75% of revenue in FY25, decreasing to ~65% in FY26. New acquisitions (Maple Height, United Helicharters, Green Branch Contracting, Perfect Octave) expected to contribute ~35% in FY26. Overall projected year-on-year (YoY) revenue growth is ~50% for FY25 and FY26. Venue business, especially Pune venue (with INR 40-50 crores projected), will be a major growth driver. Company expects 50% CAGR on consolidated basis, driven by both organic gr

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

FY25 and FY26 projected YoY revenue growth of around 50%. Existing companies (standalone and 2 subsidiaries) expected to contribute ~75% revenue in FY25 and ~65% in FY26. New acquisitions (Maple Height, United Helicharters, Green Branch, Perfect Octave) to contribute ~35% in FY26. PAT margins expected to be upward of 15% before minority interest in FY25 and FY26. EBITDA margins currently around 23%; management aims to sustain or slightly improve margins (targeting 23-25%) through margin improvement initiatives over the next 2 years. Venue business addition (Pune, Mumbai, Ayodhya) to

Current/ Expected Orderbook/ Pending Orders?

Exhicon secured a prestigious tender from Nuclear Power Corporation of India to manage 120 events from June 2024 to April 2025. All 120 events under this tender are planned to be executed within a span of less than 5 months across 10 states. This orderbook reflects significant business growth and market traction in H1 FY25. The company does not explicitly quantify the entire orderbook value or other pending orders in the transcript. Focus remains on executing high-profile events and leveraging venue expansion for future growth. Expected revenue growth guidance is approximately 50% YoY for FY25

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Exhicon Events Media Solutions LtdQ3 FY24Other Consumer Services

Exhicon Events Media Solutions Ltd Q3 FY24 Earnings Call Analysis

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

Price: ₹435P/E: 20.2Market Cap: ₹749 CrSector: Other Consumer Services

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

Yes

Order

Yes

Capex

Yes

4 of 5 growth signals are positive — a strong management growth story.

Full analysis

Revenue guidance

Category 1

→FY25 & FY26 revenue will see significant contributions from both existing and new subsidiaries.
→Existing companies (standalone + 2 subsidiaries) to contribute ~75% of revenue in FY25, decreasing to ~65% in FY26.
→New acquisitions (Maple Height, United Helicharters, Green Branch Contracting, Perfect Octave) expected to contribute ~35% in FY26.
→Overall projected year-on-year (YoY) revenue growth is ~50% for FY25 and FY26.
→Venue business, especially Pune venue (with INR 40-50 crores projected), will be a major growth driver.
→Company expects 50% CAGR on consolidated basis, driven by both organic growth and acquisitions.
→The subsidiary businesses are growing, with newer entities gaining higher contribution over time.
→Total projected revenues for FY25 are around INR 120-125 crores, with better margin profile due to direct control over venues.

Margin guidance

Category 3

→FY25 and FY26 projected YoY revenue growth of around 50%.
→Existing companies (standalone and 2 subsidiaries) expected to contribute ~75% revenue in FY25 and ~65% in FY26.
→New acquisitions (Maple Height, United Helicharters, Green Branch, Perfect Octave) to contribute ~35% in FY26.
→PAT margins expected to be upward of 15% before minority interest in FY25 and FY26.
→EBITDA margins currently around 23%; management aims to sustain or slightly improve margins (targeting 23-25%) through margin improvement initiatives over the next 2 years.
→Venue business addition (Pune, Mumbai, Ayodhya) to drive growth and margin improvement, with venues projected to generate ₹40+ crores revenue each with 15-18% PAT margin.
→Minimal equity dilution expected unless for future acquisitions; promoters may increase stake via outstanding warrants.

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Fundraise plans

Yes

→No further equity dilution is planned over the next 2 years unless there is an acquisition.
→Any dilution due to acquisitions is expected to be minimal (previous acquisition diluted equity by less than 1.5%).
→Currently, there are outstanding promoter warrants at higher prices (INR 292 and INR 400), which will increase promoter stake but are not new fundraising.
→No specific mention of any new debt fundraising was made in the transcript.
→The focus appears to be on organic and inorganic growth with minimal impact on equity dilution and careful capital management.

Order book

Yes

→Exhicon secured a prestigious tender from Nuclear Power Corporation of India to manage 120 events from June 2024 to April 2025.
→All 120 events under this tender are planned to be executed within a span of less than 5 months across 10 states.
→This orderbook reflects significant business growth and market traction in H1 FY25.
→The company does not explicitly quantify the entire orderbook value or other pending orders in the transcript.
→Focus remains on executing high-profile events and leveraging venue expansion for future growth.
→Expected revenue growth guidance is approximately 50% YoY for FY25 and FY26, driven by both existing business and new acquisitions.

Capex plans

Yes

→Completion of Pune venue (Messe Global Convention Center) Phase 1 by March 2025, expected to generate INR 40-50 crore revenue from next financial year.
→Plans to open 2 more venues in Mumbai and Ayodhya; Ayodhya land (5 acres) already acquired with construction starting next financial year.
→Venue expansions primarily through joint venture (JV) models to maintain capital efficiency and keep the balance sheet light.
→Mumbai venue details not disclosed yet; discussions ongoing for JV partnerships.
→Fixed assets expected to be capped at 20-25% of balance sheet size, maintaining an asset-light model.
→Future acquisitions expected to fill service gaps and expand subsidiaries; new acquisitions contributing around 35% of revenue by FY26.
→No large land acquisitions planned except Ayodhya, majority venues to be operated under JV or low CapEx models.

How does Exhicon Events Media Solutions Ltd rank vs peers in Other Consumer Services?

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