Harsha Engineers International Ltd

- There is no specific announcement or detailed disclosure regarding any new fundraising through debt or equity in the provided content. - The management mentioned ongoing capex plans, including INR30-40 crore maintenance capex in India and INR70 crore for China expansion this year, with plans being finalized for further expansions. - They have discussed prior loans for the Advantek subsidiary and expect gradual reduction in interest as utilization improves, but no new fundraises were mentioned. - Overall, the focus appears to be on internal accruals and planned capex funding rather than fresh fundraising at this stage.

- The company is finalizing capex plans for FY27 and FY28. - Maintenance capex in India is expected around INR30-40 crore annually for FY27 and FY28. - Ongoing China expansion project includes INR70 crore capex planned for the current financial year and INR20 crore for the next. - The second phase of Advantek includes infrastructure development, with plant and machinery enabling a revenue potential of around INR250-300 crore at peak capacity in 2 years. - Plans for additional capacity creation for key growth verticals at Advantek are being finalized, with further expansion likely beyond the current capacity. - The company expects overall capex to include maintenance, expansion in China, and phase-two Advantek investments with detailed plans to be finalized soon.

- Expect mid-teens revenue growth in India Engineering business for FY27, driven by domestic and export markets. - Overall double-digit topline growth anticipated for FY 2026-2027. - Solar segment expected to grow over 25%, supported by favorable government policies, especially in Gujarat. - Bushings segment projected to grow 25%-30% in the near term. - Large size cages expected to grow at mid-teens rate (15%-20%). - Stamping and bushing business anticipated to grow 15%-20% mid-term, aided by new capacity and product portfolio expansions. - Growth driven by a combination of new markets, wallet share gains within existing customers, and some recovery in end markets. - Continuous development of 500-600 new SKUs annually strengthens the product pipeline, supporting sustained growth. - Consolidated growth supported by higher export sales and strong domestic demand.

- India Engineering business expected to grow in mid-teens percentage for FY27, driven by both domestic and export growth. - Solar segment anticipated to grow over 25% due to favorable government policies, especially in Gujarat. - EBITDA margins expected to maintain or see marginal improvement; overall EBITDA margin to improve by 100-200 basis points over 2-3 years. - Advantek subsidiary capacity utilization and sales expected to triple in FY27, positively impacting earnings. - China subsidiary EBITDA expected to improve with brownfield steel cage expansion operational by H2 FY28. - Romania subsidiary losses expected to reduce with focus on better product mix and increased customer offtake. - Overall double-digit top-line growth targeted for FY27 with aggressive growth plans in high-potential segments like bushings (25-30% expected growth). - Continued cost control and product mix optimization to support margin expansion and earnings growth.

- The bushing segment had an order book of INR127 crore in FY '26 with expectations to continue similar growth of around 25% to 30% in the current year. - Large-size cages segment grew 14% to about INR50 crore and is expected to continue mid-teen growth (15%-20%) with many opportunities in the pipeline. - Overall, the company is focusing on increasing wallet share with existing customers, especially in India and overseas markets. - There is ongoing work to improve operational efficiency and cost structure, particularly in Europe, which is part of their strategic efforts to sustain and grow orders. - The company is developing about 500-600 new SKUs annually, increasing the pipeline and providing robust growth prospects across product lines, including stampings and bushings. - No precise current orderbook value disclosed, but the business outlook expects mid-teen growth with sustainable demand across segments.