Jindal Stainless Ltd

The transcript does not explicitly mention any current or future plans for fundraising through debt or equity. However, relevant points include: - The company reported a robust balance sheet with consolidated net debt reduced to INR3,040 crores as of March 31, 2026, and a comfortable net debt-to-EBITDA ratio of 0.55x. - Capex guidance includes around INR2,600 crores for FY27, with plans to update FY28 capex later. - Land acquisition and expansion projects are ongoing, especially in Maharashtra, with investment commitments (e.g., INR900 crores for cold rolling capacity expansions). - No direct mention of raising capital through equity or new debt issuance was made during the call. - The disciplined financial management suggests the company is cautiously progressing with capital investment using existing resources and cash flows. Thus, no specific announcement on fundraising through debt or equity is indicated in the available transcript.

- INR2,600 crores capex guidance for FY27 (Page 15). - Maharashtra expansion: substantial land acquisition underway; focus on downstream capacity first, then upstream (Page 9). - Additional INR900 crores committed to augment cold rolling capacities at Hisar and Kharagpur (Page 5). - Ongoing downstream expansion including upcoming commissioning of 1.1 million tons per annum HRAP line and 0.17 million tons per annum CRAP line at Jajpur (Page 5). - 1.2 million tons per annum stainless steel melt shop in Indonesia commissioned ahead of schedule, increasing total melting capacity to 4.2 million tons per annum (Page 5). - Integrated expansion aims to align melt capacity with downstream readiness, targeting 3.5 million tons annual sales volume by FY29 (Page 6). - Expansion aligns with a robust double-digit compounded volume growth over the next 3 years (Page 6).

- Jindal Stainless expects a sales volume growth of 7% to 9% for FY27. - The company targets a sales volume of 3.5 million tons per annum by FY29, implying robust double-digit compounded growth over the next 3 years. - Expansion plans include increasing CRAP capacity to 2.67 million tons per annum by FY28 and aligning melt capacity with downstream readiness. - The ramp-up of the Indonesian melt shop and downstream expansions (HRAP and CRAP lines at Jajpur, and cold rolling capacities at Hisar and Kharagpur) support volume growth. - Long-term growth is reinforced by diversified product mix adjustments, focus on value-added products, and expansion in the 400 series stainless steels. - The company remains confident of EBITDA per ton of INR18,000 to INR20,000 till H1 FY27, with possible revisions based on market conditions.

- **Volume Growth:** Expected 7% to 9% volume growth in FY27; targeting 3.5 million tons sales by FY29, implying robust double-digit CAGR over next 3 years. - **EBITDA per Ton:** Guidance for FY27 H1 is INR18,000 to INR20,000 EBITDA per ton, factoring in cost pressures and uncertainties; revised guidance may be provided mid-year. - **Profitability:** Consolidated PAT increased 27% YoY in FY26, demonstrating resilience; focus on EBITDA maximization aligned with value-added products and optimized product mix. - **Capex:** FY27 capex guidance is ~INR2,600 crores supporting expansion and downstream integration, with plans to announce FY28 capex later. - **Operational Expansion:** Indonesian melt shop (1.2 million tons capacity) commissioning ahead of schedule; downstream projects progressing, enhancing capacity and value-addition. - **Dividend:** INR4 per share total payout recommended (interim + final for FY26), showing capital return commitment. - **Long-term Outlook:** Agile business model and customer focus expected to sustain growth amid volatility.

The transcript provided does not explicitly mention current or expected order book or pending orders for Jindal Stainless Limited. However, relevant insights from the document include: - The company is experiencing resilient demand across key sectors like automotive, infrastructure, railways, and defense. - There is an optimistic outlook with ramp-up of new capacity, especially the stainless steel melt shop in Indonesia and downstream expansion in India. - Jindal Stainless is actively engaging in value-added products with increasing focus on 400 series steel, aerospace, and defense sectors. - New order flow includes commercial order wins in defense and aerospace divisions. - Management has expressed confidence in ramping up capacity utilization to 70%-80% in the current financial year. - Guidance suggests volume growth of 7%-9% in FY27 with ongoing efforts to increase market share domestically and internationally. For specific order book numbers, direct company disclosures or investor relations contact is recommended.