Khadim India

- No explicit mention of any new fundraising through debt or equity in the provided excerpts. - Current debt stands around ₹116 crores, with expectations to reduce to ₹80-90 crores in next 2-3 years. - Capex planned at around ₹12-13 crores for retail expansion and modernization—funding these likely from ongoing operations. - No indications of fresh term loans; existing debt is mainly working capital debt. - Plans to reduce working capital debt partly contingent on government receivables realization. - No mention of equity fundraising or plans to raise capital via new equity issuance. - Focus appears on improving cash flow from operations and debt reduction rather than fresh borrowing or equity raising in near term.

- Capex planned: Around ₹12-13 crores for retail expansion, modernization of retail outlets, and factory upgrades. (Page 9) - Future store openings: Focus on opening 100-120 stores over the next 2-3 years, instead of 200, to avoid closures and ensure profitability. (Page 11) - Capex aligned with profitability: Capex plans depend on business profitability; potential to open more stores with increased profitability. (Page 11) - Lower capex to support debt reduction: Minimal capex helps reduce debt from ₹116 crores to an expected ₹80-90 crores over 2-3 years. (Page 9,14) - Advertisement & sales promotion budget: ₹15 crores planned, with possibility to increase depending on business growth. (Page 14,10) Overall, capex is moderate, focused on strategic expansion and modernization while maintaining cash flow discipline.

- Khadim India expects sales growth of around 10%-12% annually for the next 1-2 years (Page 8, 10). - Retail business growth is targeted at 10%-12%, with volume growth contributing 1%-2% and value growth 8%-10% (Pages 8, 13). - Distribution sales are targeted to grow by approximately 15% (Pages 13, 14). - Volume in FY23 was 76 lakh pairs, improving from 70 lakh in FY22, but still below pre-COVID levels of 1 crore pairs (Pages 12, 13). - The company aims to arrest volume degrowth in Tier III and IV cities with lower price products, while premiumizing in metros (Pages 8, 10, 12). - Store additions planned at 100-120 stores per year, mostly franchisee, supporting growth (Pages 5, 11). - Retail proportion is expected to increase to around 70% of total sales in 2-3 years (Page 11).

- FY24 EBITDA margin expected to increase from 11% to 12.5%, with continued gross margin improvements mainly from retail business and cost optimizations. - Targeting EBITDA margin of 15% by FY25, driven by premium products, volume growth, and operational efficiencies. - Retail sales expected to grow 10%-12%, with wholesale/distribution growing ~15%, gradually increasing retail's share from 63% toward ~70% in 2-3 years. - Revenue growth guided around 10%-12% overall, potentially reaching ₹750 crores next year if distribution grows 15%. - Expectations of 1%+ gross margin improvement next year, supporting EBITDA growth. - Store-level EBITDA stands at ~25%, with plans to open 100-120 stores yearly, balancing capex and profitability. - Profit after tax for FY23 doubled vs FY22, signaling a turnaround with strong cash flow and margin focus ahead.

- As per the transcript provided (pages 1-17), there is no explicit mention or disclosure regarding the current or expected order book or pending orders for Khadim India Limited. - The discussion mainly revolves around sales volume, market share, store-level EBITDA, retail and distribution strategies, volume growth, and expansion plans. - There are mentions of receivables and institutional debtors (e.g., ₹188 crores receivables, with ₹70 crores from institutional debtors), but no specific data on pending orders or order book. - The focus is on retail expansion, volume and value growth, and operational metrics rather than order backlog. - Therefore, no details about current or expected order book or pending orders are available in the provided transcript.