Intl. Conveyors

- Revenue growth for FY2023 is anticipated to be quite good, with expectations of continuing strong growth momentum similar to FY2022, which saw 21% revenue growth. (Page 9) - Exact growth rates or guidance are not explicitly commented on by management, but optimism about the future remains high. (Pages 9, 14) - EBITDA margins have experienced volatility due to raw material and logistic cost fluctuations; management expects moderation but not a full return to pre-COVID normal soon. (Page 7) - Pricing contracts are mostly based on cost-pass-through models with customers, protecting EBITDA margins to some extent. (Pages 7, 8) - PAT margin was 7.9% in FY2022; future sustainability is expected around 23-24% tax rate after migration to new tax regime. (Pages 8, 9) - Plant utilization targets aim to raise capacity use from current ~70% to 85%, providing room for volume growth without immediate CAPEX. (Pages 12, 13)

- The company has a good order book currently, though exact figures in rupees or months are not disclosed (Page 9). - Orders largely consist of a mix of replacement and new demand, roughly a 50-50 split (Page 6). - The management anticipates quite good revenue growth for the coming year, indicating a positive outlook for order inflow (Page 9). - Plant utilization is currently around 65-70%, with targets to increase to 85%, suggesting room for increased order fulfillment (Page 12). - The company holds long-term contracts with most customers, typically ranging between 5 to 7 years, providing stability in their order book (Page 14).

- For the current financial year, International Conveyors Limited does not foresee any CAPEX plans or immediate fundraising through debt or equity as per the discussion with Udit Sethia. - The company is focusing on achieving higher capacity utilization of existing plants rather than expanding capacity requiring external funding. - They have reduced outstanding debt significantly by repaying Rs.26 crores in FY 2022, bringing leftover debt to around Rs.19 crores. - The company is currently debt-free apart from working capital requirements; no mention of new debt or equity issuance was made. - No explicit plans for future fundraising through debt or equity were indicated during the call.

- For the financial year 2022-2023, International Conveyors Limited does not foresee any immediate CAPEX plans. - The Company currently operates its plants at around 70% efficiency and aims to increase utilization to approximately 85%. - There is significant headroom available to meet market demand with existing capacity; hence, no urgent need for new CAPEX. - The Company is focusing on consistently achieving capacity utilization before considering further capital investments. - Loans and investments mentioned are primarily related to related parties or market investments but no strategic capital investments in new business areas were detailed. - Overall, the emphasis is on optimizing existing resources rather than expanding capacity in the near term.

- The company anticipates quite good revenue growth for FY2023, potentially similar to the previous year's 20%+ growth, though no firm guidance was provided. - There is confidence in sustaining growth due to untapped blocks in coal and potash mining for at least the next 10-15 years. - The company is diversifying its customer base beyond coal and potash into gypsum, cement, crushers, and other industries. - Long-term contracts with customers extend typically for 5-7 years, providing revenue visibility. - Current plant utilization is around 70%, with a target to increase to 85%, indicating room for volume expansion. - Potash industry is viewed as a strong growth area, tied to the fertilizer sector and agricultural demand. - Growth prospects are supported by infrastructure development in India and globally.