IZMO Ltd

- No immediate plans for equity fundraising; FrogData divestment postponed to achieve better valuation. - Current internal liquidity sufficient to fund growth and investments. - Capex for semiconductor business planned around INR 5 crores this year and next, funded from internal reserves. - No borrowing or debt planned for upcoming investments. - Company prefers to invest capital in growth areas like semiconductors rather than shareholder buybacks. - Promoters have increased holding through warrant conversion but no mention of new external equity raising. - Overall, growth is targeted through organic means without reliance on new equity or debt fundraising in the near term.

- Planned capex for FY25: Around INR 5 crores this year and a similar amount next year for the semiconductor business, focusing on specialized System-in-Package (SiP) technology, which is IP and technology-driven rather than capital intensive. - Total capex on IZMOMicro expected to be INR 15 crores over two years (INR 10 crores in FY25 and INR 5 crores in FY26). - No immediate plans for asset divestment; last divestment was in previous quarters. - No buyback planned as management prefers to deploy funds into growth opportunities like semiconductor business and acquisitions. - Continuous investment in R&D at around INR 20-25 crores annually to drive new products and technologies. - Acquisition of Geronimo completed in June to expand geographic reach and client base. - Organic growth in FrogData without requiring capital raise currently.

- IZMO targets 25%-30% year-on-year average growth over the next 2-3 years. - FrogData is projected to grow organically by 50%-75% year-on-year for the next two years. - IZMO Micro expects revenues of INR5-10 crores this year and INR30-50 crores next year, with long-term capability up to INR200 crores. - Geronimo acquisition revenue expected to increase to approximately INR25-30 crores over three quarters next year. - Focus remains on expanding in automotive sector with new products like System-in-Package (SiP) sensors and EV- and regular automotive-related innovations. - Gaming vertical with Sony engagement may see customer additions in the next financial year. - Greater SaaS model adoption and price increments (20%-25%) expected to improve revenue and margins organically.

- FrogData is targeted to grow 50%-75% year-on-year for the next two years with strong client traction and customer additions. - Pricing increments of 20%-25% are expected across divisions, likely improving EBITDA margins. - Overall company growth guidance is around 25%-30% year-on-year average for the next 2-3 years. - EBITDA margins took a hit due to Geronimo acquisition costs but are expected to improve by next financial year as costs are rationalized and revenues from acquired businesses kick in. - IZMO Micro is expected to generate INR30-50 crores revenue next year with gross margins of 30%-40%, and potential for up to INR200 crores top line post-capex. - PAT growth reflects exceptional items like property sales; core PAT margins and EPS should improve with operational scaling and cost management. - Growth assumptions are organic and do not rely on fundraise; company has sufficient liquidity for growth.

- The order book details or pending orders are not explicitly quantified in the transcript. - However, Sanjay Soni mentions a "very strong pipeline" and "very good traction with clients" for FrogData, suggesting a healthy inflow of orders. - The company has added about 100 new customers in the US and 40 in Europe in Q2 FY25, indicating strong demand. - IZMO Micro has already signed two large automotive customers and is in talks with several more, including their biggest customer in France. - Geronimo revenue is expected to grow significantly, with an estimated INR 25-30 crores over three quarters, implying a growing order backlog. - Overall, the company expects strong organic growth across divisions, backed by ongoing contract wins and product adoption. No direct numeric order book values were provided in the call.