Krishca Strapp.

- The company is **not looking for any further equity dilution immediately**. - Recently raised funds are expected to be sufficient for ongoing and planned CAPEX. - If additional term loans are needed, it would be **limited to around 15-20 crores**, which is not significant. - No mention of any immediate or large-scale new fundraising through debt or equity beyond what is already raised.

- Krishca Strapping Solutions is investing in a Special Steel Production Plant in Chennai, aimed at expanding production capabilities and diversifying product offerings. - Planned CAPEX for the next 12 months is around ₹60-70 crore, over and above ₹20 crore reported as CWIP previously. - New plant construction to start soon, expected operational by December 2025, with a capacity of 5,000 to 6,000 tons, including cold rolling capability for specialty steels. - Approximately 40% of production will serve in-house strapping needs; 60% targeted for external specialty steel markets. - Additional investments include machinery for seven to eight new product lines expected to generate ₹100 crore turnover over two years after reaching full capacity. - Other projects on hold, including UAE plant and MIG welding plant, focusing resources on Indian CAPEX. - The company is also planning a 2 MW solar plant (~₹10 crore) as part of CAPEX. - Funding largely secured through recent equity issue; minimal incremental debt expected (up to ₹15-20 crore).

- The company targets consistent year-on-year top-line growth of around 25% as guided at the start of the year. - Volume growth has been strong, with a 40% increase in tons in the first half, while revenue grew only 10% due to falling steel prices. - Expected to achieve over 25% top-line growth this year, with sales volume continuing to scale up. - New production lines and backward integration plans (cold rolling mill) will support growth and entry into new steel product markets. - Packaging contracts pipeline worth approximately ₹962 crore with a 30-35% conversion ratio, potentially adding ₹250-300 crore in orders in the next six months. - Expansion in packaging contracts will increase steel strapping consumption internally, driving further volume growth. - New product introductions and incremental sales from smaller customers expected to expand revenue streams. - Utilization of the new plant expected to improve from current 20-25% towards 40-50% by year-end.

- The company expects more than 25% year-on-year top-line growth in the next financial year. - EBITDA and net profit are expected to increase in the second half of the current financial year and the next year, following large order wins. - EPS for H1 FY25 stood at Rs. 4.21, with profitability expected to improve as margins normalize post temporary inventory losses. - Operating margins are projected to return to around 20% in H2 after the one-off dip caused by steel price declines. - Expansion plans, including a special steel production facility and packaging contracts, are expected to drive volume growth and diversification. - Full capacity utilization of the new plant will enhance revenue and margins over the medium term. - Employee costs, currently elevated due to team expansion, are anticipated to stabilize as top-line increases reduce cost ratios. - Overall, sustained volume growth and product diversification underpin confident future earnings and EPS growth.

- Current order book pipeline: Approximately ₹962 crores. - Expected conversion rate: Around 30%-35%, translating to ₹250-300 crores order wins expected within the next six months. - Orders span long-term contracts (3 to 5 years) with some single orders sized between ₹50-100 crores per annum. - Packing contracts order book: ₹45 crores currently. - The company anticipates closure of the entire pipeline by end of March (next six months). - Orders include both PSU and private sector bids, though specific segregation details are undisclosed. - Focus is on steadily converting these order opportunities into confirmed contracts to drive revenue growth.