Any current/future new fundraising through debt or equity?

No explicit mention of any current or upcoming fundraising through debt or equity in the transcript. CapEx of around ₹30 crores approved for brownfield expansion at Saravali, with possible additional investments of ₹7-12 crores in M E Energy. Funding for CapEx appears to be from internal resources or board approval; no reference to external fundraising. Management stated no acquisitions currently on the table; focus is on integration and organic growth. No indications of planned equity or debt issuance shared during the Q&A or management remarks.

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

Brownfield expansion at Saravali plant with a CapEx of around ₹30 crores, expected to complete by March 2026. This will add ~5000 sq meters of working area, targeting ₹100-150 crores additional output depending on product mix. (Pages 3, 8, 11, 12, 16) Potential phase two investment at M E Energy, estimated between ₹7 to ₹12 crores, with final numbers to be confirmed. (Page 9) No current acquisitions planned; focus is on integrating recently acquired entities (M E Energy and Monga Strayfield) and leveraging synergies. (Page 12) The CapEx aims to support the growth target of 20-25% over the n

Future growth expectations in sales/revenue/volumes?

Kilburn Engineering targets a 50% revenue growth for FY26, maintaining the strong growth rate seen in Q1FY26. For the next two years, the company aims for at least 20%-25% growth annually. The expansion of existing plants, including a brownfield expansion at Saravali with a CapEx of around ₹30 crores, is expected to increase capacity and support growth. New plant operations are expected to start by FY27, contributing significantly to growth from that year onwards. Continued bidding for big-ticket orders (up to ₹125 crores) and a healthy pipeline of ₹4000+ crores in enquiries with a win

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

Kilburn Engineering targets a strong revenue growth of 50% for FY26, maintaining this from the last quarter's performance. For the next two years, the company aims for a 20%-25% annual growth rate, supported by investments in new plants and potential CapEx in subsidiaries like M E Energy. Margin guidance is maintained between 22% to 23%, with current margins around 25% due to favorable product mix and scaled operations; a sustainable margin expansion is expected as operations scale up. Order pipeline is robust, with enquiries over ₹4000 crore and a win rate of 20%-25%, fueling future ear

Current/ Expected Orderbook/ Pending Orders?

Kilburn Engineering has a consolidated enquiry pipeline of over ₹4,000 crores. The current order backlog at the end of Q1 FY26 stands at ₹447 crores. Since 1st July 2025, new LOIs and orders worth ₹98 crores have been received. The company's win/strike rate on inquiries is between 20% to 25%. The order intake includes large-ticket bids, some as big as ₹100-125 crores. Execution timelines for orders vary from 3-4 months for smaller ones up to 12 months for larger greenfield projects. Orders span multiple sectors including nuclear, fertilizer, and industrial applications like air pre

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Kilburn Engineering LtdQ2 FY25Industrial Manufacturing

Kilburn Engineering Ltd Q2 FY25 Earnings Call Analysis

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

Price: ₹494P/E: 29.4Market Cap: ₹2.7K CrSector: Industrial Manufacturing

Management growth scorecard

Revenue

Category 1

Margin

Category 2

Fundraise

N/A

Order

Yes

Capex

Yes

3 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 1

→Kilburn Engineering targets a 50% revenue growth for FY26, maintaining the strong growth rate seen in Q1FY26.
→For the next two years, the company aims for at least 20%-25% growth annually.
→The expansion of existing plants, including a brownfield expansion at Saravali with a CapEx of around ₹30 crores, is expected to increase capacity and support growth.
→New plant operations are expected to start by FY27, contributing significantly to growth from that year onwards.
→Continued bidding for big-ticket orders (up to ₹125 crores) and a healthy pipeline of ₹4000+ crores in enquiries with a win rate of 20%-25% support the growth outlook.
→The company focuses on scaling profitable execution and expanding export orders, which now account for 25%-30% of order intake.
→Collaboration and synergies with subsidiaries (M E Energy, Monga Strayfield) aim to open new sector opportunities enhancing future sales.

Margin guidance

Category 2

→Kilburn Engineering targets a strong revenue growth of 50% for FY26, maintaining this from the last quarter's performance.
→For the next two years, the company aims for a 20%-25% annual growth rate, supported by investments in new plants and potential CapEx in subsidiaries like M E Energy.
→Margin guidance is maintained between 22% to 23%, with current margins around 25% due to favorable product mix and scaled operations; a sustainable margin expansion is expected as operations scale up.
→Order pipeline is robust, with enquiries over ₹4000 crore and a win rate of 20%-25%, fueling future earnings growth.
→Brownfield expansion at Saravali with ₹30 crore CapEx is expected to be operational by FY27, contributing significantly to capacity and output.
→Growing export orders (25%-30% of order intake) and diversification into sectors like nuclear energy add to positive outlook for earnings and EPS.

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Fundraise plans

→No explicit mention of any current or upcoming fundraising through debt or equity in the transcript.
→CapEx of around ₹30 crores approved for brownfield expansion at Saravali, with possible additional investments of ₹7-12 crores in M E Energy.
→Funding for CapEx appears to be from internal resources or board approval; no reference to external fundraising.
→Management stated no acquisitions currently on the table; focus is on integration and organic growth.
→No indications of planned equity or debt issuance shared during the Q&A or management remarks.

Order book

Yes

→Kilburn Engineering has a consolidated enquiry pipeline of over ₹4,000 crores.
→The current order backlog at the end of Q1 FY26 stands at ₹447 crores.
→Since 1st July 2025, new LOIs and orders worth ₹98 crores have been received.
→The company's win/strike rate on inquiries is between 20% to 25%.
→The order intake includes large-ticket bids, some as big as ₹100-125 crores.
→Execution timelines for orders vary from 3-4 months for smaller ones up to 12 months for larger greenfield projects.
→Orders span multiple sectors including nuclear, fertilizer, and industrial applications like air preheaters and titanium products.
→Brownfield expansion with a CapEx of ₹30 crores is planned to support growth and capacity utilization by March 2026.

Capex plans

Yes

→Brownfield expansion at Saravali plant with a CapEx of around ₹30 crores, expected to complete by March 2026. This will add ~5000 sq meters of working area, targeting ₹100-150 crores additional output depending on product mix. (Pages 3, 8, 11, 12, 16)
→Potential phase two investment at M E Energy, estimated between ₹7 to ₹12 crores, with final numbers to be confirmed. (Page 9)
→No current acquisitions planned; focus is on integrating recently acquired entities (M E Energy and Monga Strayfield) and leveraging synergies. (Page 12)
→The CapEx aims to support the growth target of 20-25% over the next two years and to fully utilize capacity by FY27. (Pages 11, 12)
→Strategic emphasis on scaling operations profitably and bidding larger tickets, backed by capacity expansion. (Pages 9, 12, 16)
→Monga Strayfield and M E Energy collaborations focus on synergies rather than immediate CapEx. (Pages 5, 6)

How does Kilburn Engineering Ltd rank vs peers in Industrial Manufacturing?

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