Any current/future new fundraising through debt or equity?

The company intends to raise funds to the tune of Rs. 80 crores. The fundraising is planned to support bonding requirements and acquisition of Waterfront. The method of fundraising is tentative and could be either through issuance of preferential shares or a Qualified Institutional Placement (QIP). The decision on the fundraising method will be finalized in the coming week (from the time of the call). This indicates a likely future equity raise rather than debt.

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

Construction of new plant in Chennai ongoing, expected ready by next year to enable significant scaling up. Setting up a plant in Houston; preliminary drawings completed and city approval sought by year-end. Planning to raise around Rs. 80 crores for bonding requirements, Chennai plant, and UK acquisition (Waterfront) via preferential shares or QIP. Investments in new cranes at old unit II bays (2, 3, and 4) to enhance efficiency and output, targeted for completion by December quarter. Acquisition of Waterfront (UK) expected to complete by end of this financial year to expand market presence.

Future growth expectations in sales/revenue/volumes?

Confident of achieving projected revenue and profitability for the current year (Rs.515 crores consolidated revenue). Expect to move around Rs.500 crores worth of orders in the next 5 months, potentially reaching an order book of Rs.800-1000 crores. Conservative revenue projection for next year is Rs.600-625 crores. US business projected to have annualized growth in excess of 20% with order book exceeding $50 million. Rodney Hunt is expected to grow rapidly, targeting revenue of more than $50 million soon. Focus on exports continues, with about 65% of total revenue expected in the second half

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

Confident of achieving projected revenue of Rs.515 crores consolidated for FY24, with potential to grow to Rs.600-625 crores next year. EBITDA expected to improve from last year’s 19-20% to approximately 21-22% for current year. PAT target of at least 14% in the medium term through incremental profitability improvements. Strong US growth: $26 million projected revenue for FY24 with order book exceeding $50 million; US business losses reduced significantly. New plants in Chennai and Houston expected to expand capacity beyond current Rs.600-650 crore production limit, supporting future scale-up

Current/ Expected Orderbook/ Pending Orders?

Current consolidated order book stands at Rs. 837 crores. More than 60% (Rs. 597 crores) of orders are from outside India. US order book is close to $50 million, showing strong presence and growth. Recent significant orders include a $10.5 million order in America and potential orders over $15 million in Hong Kong and $25 million in America under negotiation. For the next 5 months, the company expects to add about Rs. 500 crores of orders. Starting next year, order book expected in the range of Rs. 800-1000 crores. Order execution timelines vary; some projects have later delivery schedules. Ov

Jash Engineering LtdQ2 FY24Industrial Manufacturing

Jash Engineering Ltd Q2 FY24 Earnings Call Analysis

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

Price: ₹504.8P/E: 37.0Market Cap: ₹3.2K CrSector: Industrial Manufacturing

Management growth scorecard

Revenue

Category 2

Margin

Category 1

Fundraise

Yes

Order

Yes

Capex

Yes

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

Full analysis

Revenue guidance

Category 2

Confident of achieving projected revenue and profitability for the current year (Rs.515 crores consolidated revenue).
Expect to move around Rs.500 crores worth of orders in the next 5 months, potentially reaching an order book of Rs.800-1000 crores.
Conservative revenue projection for next year is Rs.600-625 crores.
US business projected to have annualized growth in excess of 20% with order book exceeding $50 million.
Rodney Hunt is expected to grow rapidly, targeting revenue of more than $50 million soon.
Focus on exports continues, with about 65% of total revenue expected in the second half of the year.
New capacity expansions underway in Chennai, Houston, and existing plants to support future growth.
Products from Jash Invent JV are expected to capture Rs.75-100 crore potential in Indian markets.
Long-term aim includes achieving incremental profitability with PAT of at least 14%.

Margin guidance

Category 1

Confident of achieving projected revenue of Rs.515 crores consolidated for FY24, with potential to grow to Rs.600-625 crores next year.
EBITDA expected to improve from last year’s 19-20% to approximately 21-22% for current year.
PAT target of at least 14% in the medium term through incremental profitability improvements.
Strong US growth: $26 million projected revenue for FY24 with order book exceeding $50 million; US business losses reduced significantly.
New plants in Chennai and Houston expected to expand capacity beyond current Rs.600-650 crore production limit, supporting future scale-up and growth.
Rodney Hunt business forecasted to surpass $50 million revenue soon, expected to become a dominant and highly profitable segment.
Focus on export markets with 60-65% revenue expected in the second half, aiding profitability.
Product range expansion and acquisitions (Waterfront, Invent JV) to drive future growth and margin enhancement.

See what Jash Engineering Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

The company intends to raise funds to the tune of Rs. 80 crores.
The fundraising is planned to support bonding requirements and acquisition of Waterfront.
The method of fundraising is tentative and could be either through issuance of preferential shares or a Qualified Institutional Placement (QIP).
The decision on the fundraising method will be finalized in the coming week (from the time of the call).
This indicates a likely future equity raise rather than debt.

Order book

Yes

Current consolidated order book stands at Rs. 837 crores.
More than 60% (Rs. 597 crores) of orders are from outside India.
US order book is close to $50 million, showing strong presence and growth.
Recent significant orders include a $10.5 million order in America and potential orders over $15 million in Hong Kong and $25 million in America under negotiation.
For the next 5 months, the company expects to add about Rs. 500 crores of orders.
Starting next year, order book expected in the range of Rs. 800-1000 crores.
Order execution timelines vary; some projects have later delivery schedules.
Overall order pipeline remains strong with Rs. 29 crores already negotiated and Rs. 24 crores under intense negotiation.

See what Jash Engineering Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

Construction of new plant in Chennai ongoing, expected ready by next year to enable significant scaling up.
Setting up a plant in Houston; preliminary drawings completed and city approval sought by year-end.
Planning to raise around Rs. 80 crores for bonding requirements, Chennai plant, and UK acquisition (Waterfront) via preferential shares or QIP.
Investments in new cranes at old unit II bays (2, 3, and 4) to enhance efficiency and output, targeted for completion by December quarter.
Acquisition of Waterfront (UK) expected to complete by end of this financial year to expand market presence.
Focus on expanding product portfolio through technical collaborations and acquisitions to increase market share globally.

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