OK Play India

- The company plans an IPO for its automotive subsidiary by the end of this year, expected to be an equity fundraising; the structure (fresh issue or dilution) and amount to be raised are not yet finalized. - No current plans to raise any substantial new debt as the company is comfortable with its existing debt levels. - Debt repayment plans depend on future projections; the company will reduce debt as and when available but is not overly concerned about current debt levels. - Past fundraisings included preferential issues and placement, with collected funds deployed for expansion, debt reduction, and clearing past dues. - No specific new preferential issue or debt-raising plans disclosed currently.

- Planned CapEx of approximately Rs. 50-60 crore, funded through internal accruals, preferential issue, and some debt. - CapEx aimed at expanding capacities in both automotive and toys divisions. - Automotive expansion includes entering passenger vehicle market with blow molded fuel tanks and thermoforming parts. - Toys division capacity expected to grow 4x by Q4 FY25, driven by rotational and blow molded toys. - IPO planned by end of the year for the automotive subsidiary to raise funds for capacity expansion in tanks and thermocombing parts. - Funds raised in placements (~Rs. 140-150 crore) used for business growth, debt reduction, and clearing past dues. - Strategic tie-up with a large German MNC for developing air purifiers, with trials ongoing but no revenue factored in yet. - Growth expected from partnerships with companies like Vestas and Indocool beyond traditional automotive segments.

- Toys division expected to grow 4x by Q4 FY25 from current Rs. 60 crore run rate to about Rs. 300 crore (Page 14). - Domestic demand surge driven by increased import duties and quality control implementation, supporting toy business growth (Page 3). - Automotive division likely to perform slightly better than FY24 with recovery expected after 18%-19% degrowth in Q1 FY25 (Pages 12, 13). - Capacity expansions ongoing for toys (4x capacity) and automotive; toys at 100% utilization expected by Q4 FY25 (Pages 4, 5). - EV segment seen as long-term play; no major growth factored currently but potential over 2-3 years (Page 6, 12). - Overall growth projection: toys business is the major driver, automotive growth linked to CV market cyclicality and new industrial partnerships (Pages 4, 7).

- Toys division is expected to grow significantly, with a 4x revenue increase projected by Q4 FY25 due to capacity expansion. - Automotive segment faced an 18%-20% decline in Q1 FY25 but is expected to recover and finish the year slightly better than FY24. - EBITDA margins are expected to normalize around 16%-17% for the overall year despite one-off exceptions in Q1. - Air purifier business is a long-term growth avenue, currently in trial phase, with substantial growth potential if successful. - IPO planned for automotive subsidiary by end of this year, aiming to raise funds to expand capacities in passenger vehicle components. - EV segment is a long-term play, with significant growth potential anticipated in the next 2-3 years. - Profit growth driven primarily by strong domestic demand in toys due to increased import duties and quality control regulations favoring domestic products.

- In the automotive segment, there is no confirmed order book as with typical Tier 1 suppliers; schedules are provided but subject to change based on market conditions. - Current capacity utilization in automotive is about 80%-85%, with adequate capacity for existing orders. - Toys segment is expecting a 4x increase in capacity, with capacity expansion already in place and expected to reach 100% utilization by Q4 FY25. - Confidence in toy business growth is based on existing customers, marketing strategies, and aggressive expansion in the distributor network, though no confirmed orders are present. - Overall, no specific order book value declared; projections are based on schedules, forecasts, and market outlook.