Menon Bearings Ltd

- No major new fundraising through debt or equity is planned currently. - Capital expenditures (CapEx) planned for the next two years are moderate, around ₹8-10 crores, mainly for adding machines and capacity expansion in aluminium and bi-metal divisions. - Arun Aradhye mentioned that raising funds for projects will not be a problem if needed, but no concrete plans exist now. - Capital commitment is decided project-by-project and based on calculated risks rather than a fixed capital ceiling. - The company is studying some new projects like EV recharge but has not concluded any funding decisions yet.

- Additional CapEx of around ₹7-8 crores planned for brakes division next year to add certain machines. - Total CapEx of around ₹8-10 crores expected over the next two years covering aluminium and bi-metal divisions for additional capacity and machinery like CNC, VNC, and X-ray machines. - No major new capital investments planned like previous years' land and building acquisition. - Exploring potential investments in EV recharge projects and parts development, but these are still under evaluation with no concrete decisions yet. - Board declined a joint venture proposal from a Chinese company due to geopolitical concerns; no current plans for joint ventures or acquisitions. - CapEx and investments will be project-dependent and subject to calculated risk assessment.

- Menon Bearings expects robust growth with FY27 revenue target of ₹350 crores, up from around ₹300 crores in FY26. - Bi-metal segment projected to grow 16%-17% this year, with revenue around ₹250 crores in FY27. - Aluminium division (Alkop) targeting 25% growth, aiming for ₹120 crores revenue in FY27. - Brake division expected to ramp up quickly, targeting ₹100 crores revenue by next year. - Export contribution is growing and expected to increase from current ~30% to 35%-40% for Alkop segment. - New developments and customer sample approvals in aluminium and bi-metal segments to drive assured growth. - Order-books indicate strong demand pipeline with ₹90 crores current booking split 60:40 between bi-metal and Alkop. - Company optimistic on sustainable growth with anticipated 18% - 20% year-on-year revenue growth in coming years.

- FY26 revenue target: ₹300 crores with 22% EBITDA margin guidance maintained. - FY27 revenue target: ₹350 crores, representing 18-20% year-on-year growth expected. - Segment-wise FY27 revenue targets: ₹120 crores from Alkop (aluminium die casting), ₹250 crores from bi-metal, ₹100 crores from brakes. - EBITDA expected to improve with raw material cost pass-through to customers anticipated post-September. - Bi-metal segment projected to grow at 16-17%, Alkop at 25% in FY26. - New order wins and approvals, such as from Eaton and US exports, underpin sustainable growth. - Additional CapEx of ₹7-10 crores planned for capacity expansion, supporting growth. - Emphasis on value-addition (e.g., X-ray machine) expected to improve margins/realization. - Management focused on sustainable and quality growth over rapid volume increase.

- Current order book position is ₹90 crore. - Breakup of order book: ₹60 crore from bi-metal division and ₹30 crore from Alkop (aluminium division). - Alkop division expects to reach ₹120 crore revenue in FY27 with 35%-40% coming from exports. - Bi-metal division expected to contribute ₹250 crore in FY27. - Brakes division target is ₹100 crore in FY27, with gradual ramp-up expected after acquiring the dynamometer by end of September. - New orders include a ₹30 crore export order from a prominent USA customer starting production next month. - Alkop division submitted 53 new parts last year, with sample testing ongoing and production ramp-up expected post successful trials. - Railways and OEM approvals pending for brakes division, dependent on dynamometer procurement and testing.