Kilburn Engineering Ltd

- The company has outstanding equity warrants amounting to around ₹138 crores, expected to be received by May 2026. - So far, ₹49 crores have already been received from the equity warrants. - Gross borrowing currently stands around ₹100 crores, including borrowings from subsidiaries. - No specific mention of new debt fundraising was made in the transcript. - The CFO mentioned plans to improve cash flows with better and enhanced banking facilities in the next year, implying possible utilization of existing or enhanced credit lines. - Capital expenditure planned for the next 12 months is around ₹40 crores across Kilburn and its subsidiaries, backed by available funds and incoming equity capital. - No explicit announcement of fresh fundraising through new loans or equity beyond the pending equity warrant proceeds was stated.

- Current year CAPEX planned around ₹20 crores for Kilburn standalone. - Total CAPEX across Kilburn and M.E Energy subsidiaries expected to be around ₹40-45 crores over the next 12 months. - Some CAPEX also planned for Monga Sprayfield, pending further inputs. - The expansion is strategically planned to help the company cross the ₹1,000 crore revenue mark. - Expansion at M.E Energy involves increasing plant capacity by nearly 50%, nearly doubling production capability. - CAPEX execution was slightly delayed due to approval processes; some planned spending may spill into the next financial year. - Overall, investments focus on scaling up manufacturing capacities and supporting growth in multiple verticals.

- The company targets to achieve ₹625-₹650 crores revenue in FY26, reflecting a 50% growth over the previous year. - For FY27 and FY28, a CAGR of 25% growth is projected, aiming for ₹800 crores in FY27 and ₹1,000 crores in FY28. - The expansion plans are well underway and intended to support crossing the ₹1,000 crore revenue mark. - Growth will be driven significantly by ME Energy, with substantial order pipelines and negotiation stages indicating strong prospects. - Inquiry pipelines have been consistent at ₹3,800-₹4,000 crores, providing a robust foundation for future sales growth. - Diverse sector traction includes petrochemicals, chemicals, soda ash, fertilizers, nuclear, food processing, metals, and recycling. - The company anticipates order inflows to keep the order book above ₹500 crores, supporting the ₹800 crore target in FY27. - Capacity expansions at Ambernath, Saravali, and related plants aim to meet increasing demand and unlock higher volumes.

- Kilburn Engineering targets a revenue growth from ₹625-650 crores in FY26 to ₹800 crores in FY27 and aims to reach ₹1,000 crores subsequently, implying a 20-25% CAGR over FY27 and FY28. - EBITDA margins are expected to stay at 22-23% range through FY26, with medium-term guidance of 20+%, reflecting stable profitability amidst project mix fluctuations. - Management remains confident of maintaining a 50% growth guidance with potential to exceed ₹650 crores in FY26. - Order book outlook is positive with ₹500+ crores worth of orders carried into FY27, supporting revenue growth targets. - Profitability is expected to benefit from scaling operations, efficiencies, and negotiated raw material prices, with some margin fluctuations linked to project execution. - Earnings growth and EPS improvements are anticipated due to consistent order inflow, capacity expansions, and stable operating margins.

- As of 31st December, the consolidated enquiry pipeline is between ₹3,800-₹4,000 crores, fluctuating with new enquiries, conversions, and order wins/losses. - The open order book as of 31st December stands around ₹495 crores. - Expected open order book on 1st April is estimated at ₹500+ crores, plus new orders in Q1. - Order pipeline has been consistent over the last 2-3 quarters, with no major quarter-on-quarter fluctuations. - Discussions for follow-through orders from OCPL are ongoing but take time to convert into firm orders. - The company targets achieving ₹800 crores revenue in the upcoming financial year, supported by the robust order book. - Sector-wise enquiry includes petrochemicals, chemicals, soda ash, fertilizers, metals, nuclear, recycling, and offshore platforms.