Federal-Mogul Goetze (India) Ltd

- The company is not currently planning a large new fundraising through debt or equity. - They have sufficient cash on hand (~Rs. 1.3 billion) and expect to generate approximately Rs. 2.5 billion in cash flow over the next one to two years. - CAPEX plans are focused on capacity enhancement and technology upgradation but are moderate, not expecting Rs. 5 billion immediately (possibly spread over three years). - Management emphasized cautious spending of cash, focusing on payback and balanced CAPEX. - There is no mention of immediate equity fundraising. - Dividend policy review is anticipated once the current investment cycle completes. - The company aims to remain cash positive to support growth and global customer sustainability needs.

- CAPEX for capacity enhancement planned for current and next year, focusing mainly on export growth. - Last year's CAPEX was around Rs. 47 crores for capacity enhancement and plant modernization. - This year's CAPEX expected to be significantly more than last year's but not a large jump like Rs. 5 billion immediately. - Future CAPEX will also target technology upgradation, including heavy load and turbo engine products. - CAPEX spread over one to two years; no immediate large spend, but incremental investments aligned with market growth. - Working capital will also increase alongside CAPEX for capacity expansion. - Global support capacity available (Turkey, Poland) acts as backup for any sudden market spikes. - Dividend policy to be reviewed post completion of this investment cycle.

- Company achieved 90%-95% capacity utilization in Q1 (Jan-Mar 2021), indicating strong current operations. - Expecting substantial growth in domestic market during 2021-22 despite COVID impacts. - Expansion underway, with CAPEX planned for capacity enhancement, mainly directed towards exports. - Export share currently 14%, aiming to increase significantly with more Euro VI compliant programs and global engine platforms. - Mid- to long-term plans unchanged despite short-term COVID disruptions; growth driven by OEM market positioning and new global platforms. - Future CAPEX expected to be higher than the prior year but carefully managed; not expected to jump to Rs. 5 billion immediately, spread over multiple years. - Sustainable EBITDA margin targeted around mid-double digits (14%-15%), assuming normal market conditions post-COVID. - Focused on localization to reduce dependence on imports, while maintaining global support for spikes in market demand. - Growth driven by technology upgradation, heavy load and turbo engines, and hybrid vehicle production.

- **Sustainable EBITDA Margin:** Management expects a mid-double-digit sustainable EBITDA margin in the range of 14-15% under normal market conditions (Manish Chadha, Page 16). - **Capacity Utilization:** Currently operating at 90-95% capacity, with planned capacity enhancements targeting export growth and technology upgrades (Pages 15-16). - **Revenue Growth:** Anticipated growth driven by global platform ties and export expansion, although exact peak revenue without CAPEX is uncertain (Page 16). - **CAPEX Plans:** Moderate CAPEX planned over next 1-2 years focused on capacity expansion and technology upgrades, but no large immediate CAPEX > Rs. 5 billion expected (Pages 14-16). - **Dividend Policy:** Review of dividend payout likely once current investment cycle completes, balancing cash conservation for growth (Pages 11, 16). - **Earnings Impact:** Excluding exceptional items, EPS showed positive growth and operational profitability improving over last year despite COVID impacts (Pages 7,16).

- The transcript does not explicitly mention specific details about the current or expected order book or pending orders for Federal-Mogul Goetze (India) Limited. - However, it does indicate optimism about growth opportunities driven by technology upgradation, capacity expansion, and increased export focus. - The company is engaging with global customers and OEMs, especially regarding future engine developments and hybrid vehicle components. - The capacity utilization has been high (90-95% in January-March quarter) with plans for capacity enhancement and export growth. - The management is cautiously planning CAPEX to meet potential demand spikes but is not committing to very large immediate capital expenditure. - They also have global support and contingency plans to manage demand spikes without major investment short-term. - Overall, the outlook suggests a pipeline of orders consistent with market growth and technological shifts but no quantifiable order book figures are shared.