Kamdhenu Ltd

- As of the call in February 2022, Kamdhenu Limited has **no current capex plans** for steel and paint businesses, indicating no immediate need for large fundraising. - Capex expansions are planned through the **franchise route** in the steel business, meaning the franchisees will invest, not Kamdhenu. - For the paint business, the existing capacity suffices for near-term targets; any future plant or expansion would be considered later. - The company is open to **funding through bank loans or other means** for future investments, such as tinting machines or capacity expansion, if required. - An increase in authorized share capital is planned to accommodate the **scheme of arrangement and issuance of shares** related to the demerger of the paint business, with an EGM scheduled for March 2022. - No explicit mention of a fresh fundraising via debt or equity was made during the call.

- No current capex planned for own plants in steel or paints businesses. - Steel business capacity expansion (from 38 lakh to 50 lakh metric tonnes) is happening entirely through franchise route investments; Kamdhenu is not investing in capex here. - Paint business has sufficient existing facility capacity to achieve turnover of around Rs.450 Crores; post that, new plant planning will be considered. - Tinting machines for paint business are gradually increasing as per dealer requirements; investments here will be made if needed via funding or bank loans. - Future capex decisions, especially for paint business expansion beyond Rs.450 Crores turnover or for new plants, will be revisited post the demerger process. - Authorized share capital increase is planned to facilitate issuance of shares related to scheme of arrangement (demerger). - Overall, current expansion is mainly franchise-funded; company is not incurring direct capex at this stage.

- Paint business expects growth driven by rise in real estate buying, revival in housing demand, and changing consumer behavior focused on home beautification. - The company targets Rs. 600 Crores turnover in paints (Rs. 450 Crores own plant + Rs. 150 Crores outsourcing), achievable based on existing capacity. - Steel business aims to expand production capacity from 38 lakh metric tonnes to 50 lakh metric tonnes in next 2 years via franchise route, no capex from company. - Company expects to achieve 30-40% growth in paints with increased marketing, dealer commissions, portfolio expansion, and new depot openings. - Overall company outlook projects continuous demand momentum from government affordable housing and infrastructure projects. - Expect about 15-18% annual growth in paints industry with unorganized sector shifting to organized. - Revenue growth in steel and paints was 24% YoY in Q3 FY22, with 7% YoY PAT growth.

- Kamdhenu Limited expects continued demand momentum driven by economic revival, real estate growth, and focus on premium & environment-friendly products. - Paint business targeted to reach Rs. 450 Crores turnover from own plant; total paint revenue potential Rs. 600 Crores including outsourcing. - Steel business aims to expand franchisee capacity from 38 lakh to 50 lakh metric tonnes in two years, supporting volume growth. - Company plans 30-40% growth in paint segment with Rs. 150 Crores additional marketing spends to increase dealer commissions, product portfolio, and depot network. - Q3 FY22 EBITDA margin stood at 6.4% with 7% PAT growth; 9M FY22 PAT surged 88% YoY to Rs. 20.9 Crores. - No immediate capex planned as franchisee model funds steel expansion; new paint plant planned after Rs. 450 Crores turnover. - Overall, Kamdhenu targets strong earnings growth driven by capacity expansion, market penetration, and premium product focus.

The transcript does not explicitly mention details about the current or expected order book or pending orders for Kamdhenu Limited. However, some relevant insights related to demand and business outlook include: - Demand momentum in both steel and paint businesses is expected to continue as economic activities normalize. - Strong demand in paint business driven by festive and prolonged wedding seasons. - The capacity utilization is around 75% for steel and 60% for paints. - Expansion plans in steel through franchisee route, targeting 50 lakh metric tonnes capacity in next 2 years. - Paint business capacity can support up to Rs. 600 Crores turnover (Rs. 450 Cr from own plant, Rs. 150 Cr from outsourcing). - Demand outlook positive due to government affordable housing and infrastructure projects. - No direct mention of order backlog or pending orders was found in the transcript.