Krishca Strapp.

- Current order book is approximately INR 28.8 crores. - Of this, around INR 20.25 crores order comes from a 3-year contract with Vedanta, starting April 2024. - The company has recently started its packing contract division, with Vedanta being the largest contract at INR 20 crores. - The bid pipeline is robust, exceeding INR 200 crores in potential contracts. - The company is participating in large-value tenders worth INR 60 crores per annum. - Conversion ratio (win ratio) on bids is estimated to be more than 50%. - Expectation to increase order book substantially due to ongoing participation in large contracts. - Packing contract division orders expected to grow considering the ongoing positive pipeline.

- No specific mention of any current or planned fundraising through debt or equity in the transcript. - Management has not indicated any immediate plans for new capital raising. - Bala Manikandan mentioned that they just completed a big capex recently and are focused on completing ongoing projects before starting new investments. - Discussions about potential future capex exist, with announcements expected in the coming months, but no mention of corresponding fundraising. - No plans or announcements regarding dividends or investor rewards yet, but they may consider it in the future. - Overall, the company appears to be funding expansions from internal accruals and is cautious about new heavy investments or fundraising until current projects stabilize.

- Recently completed a major capex of INR16-17 crores for a new steel strapping production line commissioned in May 2024. - The new plant has a capacity of 1,500 tons/month, aiming to reach a peak production capacity of 2,500 tons/month. - Utilization currently below 15%, expected to reach 40-50% by year-end, peak utilization within 4 years. - Further capex plans are being contemplated for FY 2025-26, with announcements expected in a few months. - Exploring setting up operations/plant in the Middle East (Saudi Arabia, UAE), targeting a strategic partnership; decision expected within 6 months. - Focus on expanding distribution network across continents including Africa, Europe, US, Australia, Bangladesh, Sri Lanka. - No immediate plan to start new capex without completing ongoing projects. - Strategic investments focused on avoiding commodity risk through price variation clauses in contracts.

- Targeting a minimum 25% year-on-year top-line growth for the next 5 to 6 years. - Expect to surpass INR300 crores in revenue from strapping sales alone at peak production capacity. - Packaging contracts anticipated to contribute more than 50% of future revenue. - Export sales expected to double from INR17 crores to INR34 crores this year. - Long-term vision includes capturing 30-40% market share in steel strapping industry. - Planning substantial expansion of distribution networks globally including Middle East, US, Bangladesh, Sri Lanka, Australia, Europe, and Africa. - Bid pipeline exceeds INR200 crores with active participation in large contracts (>INR60 crores annually). - Planned capex for capacity expansion and setting up plants in the Middle East within next 6 months. - Peak utilization of new plant expected within 4 years, reaching 40-50% utilization in the current year.

- The company targets a consistent top-line growth of at least 25% year-on-year for the next 5-6 years. - Operating margins are expected to be maintained in the range of 15%-20%. - Margins in packaging contracts and direct sales are expected to be similar, with packing contracts providing long-term stable revenue. - The company aims to sustain or improve the current EBITDA margin (~19%-20%). - Efforts toward diversification in allied products with better margins indicate potential margin expansion. - Earnings growth is expected alongside revenue growth, though exact profit after tax CAGR for 5 years is difficult to predict currently. - EPS growth reflects past trends, with a 7.3% increase in FY24, and is expected to grow in line with operating performance. - Expansion in exports and opening new markets like the US and Middle East are expected to contribute positively to earnings.