Om Infra Ltd

- There is no specific mention of any current or future fundraising through debt or equity in the call. - CFO S.K. Jain mentioned that working capital cycle will improve and debt will not increase significantly as budgets are not on debt basis but on cash content basis. - The company has almost liquidated its loan related to a prior arbitration by receiving money deposited in the bank. - Vikas Kothari stated that they are hopeful of adding Rs. 500 to 1000 crores order book this financial year and are bidding actively, but no direct references were made about raising funds through debt or equity. - The company plans to monetize existing assets like real estate projects and arbitration claims to improve operational cash flows without increasing debt.

- OM Infra is exploring new business opportunities, including potential ventures in FGD (Flue Gas Desulfurization) systems through joint ventures, but no firm commitments have been made yet. - The company is actively bidding for new projects such as NHPC hydro projects in Arunachal Pradesh and Jal Jeevan Mission mineral projects in Madhya Pradesh and Uttar Pradesh, expecting to add Rs. 1,000 crore order book in the current financial year. - No new real estate land bank acquisitions are planned; ongoing real estate projects in Kota and Jaipur will be monetized over the next 1-2 years. - The company is involved in operations & maintenance (O&M) contracts post-project completion, e.g., Shahpur Khandi project with a 10-year O&M. - No explicit large-scale capex or strategic investments mentioned; focus remains on order book growth and monetizing existing assets.

- The company expects to grow engineering revenue from Rs. 700 crores to over Rs. 1,000 crores in the current financial year. - There is potential to add Rs. 500 to Rs. 1,000 crores in new order book within the financial year from bids on NHPC, Jal Jeevan mineral projects, and other tenders. - The existing order book of Rs. 3,200 crores is expected to be executed over 2-3 years, generating sustained revenue growth. - Real estate revenue from Mumbai and Jaipur projects is expected to add approximately Rs. 600-700 crores (Mumbai) with phenomenal margins and around Rs. 350-400 crores over 2-3 years (Jaipur) with 20% pre-tax margin. - Management is optimistic about continual growth due to robust order book, active bidding pipeline, and government's focus on hydropower and water infrastructure projects. - Price variation clauses in contracts mitigate raw material cost inflation effects, supporting stable margins.

- Revenue is expected to grow significantly, with engineering revenue projected to jump from Rs. 700 crores to over Rs. 1,000 crores in the current financial year (FY 2024). - Overall, a substantial growth in annual revenues is anticipated from the existing order book of Rs. 3,200 crores, with execution expected over 2-3 years. - Operating margins remain healthy; engineering business historically earned 20%-22% operating margins, with Jal Jeevan Mission projects delivering slightly lower but still double-digit margins (around 14%-15%). - EBITDA margin impacted by price variation recognition lag but expected to revert to double digits. - Net profit grew by 53% year on year in FY 2023 and is expected to continue growing with revenue increase. - Order book additions of Rs. 500-1,000 crores planned in FY 2024, backing optimistic overall growth prospects. - Strong focus on new projects such as Hydro-power, Jal Jeevan Mission, and real estate, supporting future profitability and EPS growth.

- Current order book stands at approximately Rs. 3,200 crores, more than four times FY ’23 revenues. - About 50% of the current order book comes from Jal Jeevan Mission projects in UP and Rajasthan. - Remaining order book comprises hydropower projects with central and state government PSUs. - The company is bidding on new Jal Jeevan Mission projects nationwide. - Rs. 4,000 crores worth of tenders are in pipeline at various bidding stages. - Management anticipates adding Rs. 500 to Rs. 1,000 crores to the order book within the current financial year. - Additional Rs. 1,000 crores order book expected this year from NHPC Arunachal Pradesh and Jal Jeevan Mineral projects in MP and UP, subject to margin suitability. - Competition is intense; bidding is selective. - Some pending orders/arbitration claims amount to Rs. 1,800 - 1,900 crores from MHADA, road assets, and other sources, with expected realization spread over 2-5 years.