Nandan Denim

- As of May 31, 2016, Nandan Denim Limited has incurred CAPEX of Rs. 400 Crore out of a total announced Rs. 600 Crore expansion plan. - The remaining Rs. 200 Crore CAPEX is likely to be incurred during H1 FY17. - The expansion is funded approximately 70-80% through debt and 20-30% through equity. - Current outstanding debt is around Rs. 520 Crore, with expected peak debt between Rs. 600 to 650 Crores based on working capital utilization. - The company has repayment liabilities of about Rs. 54-55 Crore annually. - No specific plans for fresh fundraising through additional debt or equity beyond the ongoing CAPEX funding were mentioned.

- Nandan Denim is in the middle of a major capacity expansion plan with a total CAPEX of Rs. 600 Crore. - As of March 31, 2016, Rs. 400 Crore has already been incurred, with an additional Rs. 200 Crore expected to be spent by H1 FY17. - Post-expansion, the installed Denim fabric manufacturing capacity will increase to 110 million meters per annum, making them the largest Denim manufacturer in Asia. - Spinning capacity will increase from 70 tons per day to 124 tons per day, enabling production of 80-85% of required yarn in-house. - The expansion is funded approximately 70-80% by debt, with peak debt expected between Rs. 600 to Rs. 650 Crore. - Completion is expected by mid-FY17, with full operations and benefits realized within 4-5 months post-completion. - Strategic focus on backward integration, value-added products, and global market expansion accompanies capacity growth.

- Nandan Denim expects double-digit growth in FY17 driven by capacity expansion and increased market share. - Export business has doubled in 3 years (from Rs 70 crore in FY13 to Rs 140 crore in FY16), with further improvements targeted in next 2-3 years. - Post capacity expansion, installed Denim fabric manufacturing capacity will reach 110 million meters, making Nandan the largest denim manufacturer in Asia. - Major volume growth will come from new capacities becoming operational (increase from ~100 million meters to 120 million meters). - Capacity utilization currently around 82%, with limited scope for improvement; volume growth primarily from added capacity. - Focus on expanding domestic market share and global footprint. - Emphasis on developing value-added denim products and diversifying customer base to sustain growth and margins.

- The company targets double-digit growth in FY17, supported by capacity expansion coming on stream. - EBITDA margins improved from around 14% two years ago to 16.5% in FY16, with expectations of further margin enhancement as integration improves. - Capacity expansion (completion by H1 FY17) will lead to increased denim fabric capacity (110 million meters) and spinning capacity (124 tons/day), enabling higher in-house yarn production (80-85%), which is margin accretive. - Focus on value-added denim products and moving up the value chain to improve realizations and sustain ROE above 20%, potentially peaking around 24-25%. - Efforts on market development, product R&D, and customer diversification to drive sustainable profits and counter commoditization challenges. - Exports have doubled from Rs. 70 crore in FY13 to Rs. 140 crore in FY16, with further improvements expected over the next 2-3 years. - Overall, the company is optimistic about improving operating margins and profitability with completed expansions and strategic initiatives.

- The transcript does not explicitly provide details on the current or expected order book or pending orders for Nandan Denim Limited. - However, the company is optimistic about growth with expanding capacities expected to be operational by H1 FY17, which should drive volume growth. - The management highlights aggressive business development efforts targeting both domestic and international markets. - They expect a significant increase in exports and market share over the next 2-3 years. - Capacity expansion to 120 million meters (110 million Denim + 10 million shirting) indicates readiness to handle increased orders. - Supply chain and integration improvements (spinning capacity increase to 124 tons/day, in-house yarn production of 80-85%) aim to support meeting demand efficiently. - Overall, order inflows are expected to improve with widening customer base and value-added product focus, but no exact order book figures are mentioned.