Rajratan Global Wire Ltd

- Steel Cord Business Capex: Total INR70 crores planned; INR50 crores already invested, with another INR25 crores to complete. Trials to start in Q2, capitalization by Q3. (Pages 15, 16, 20) - Chennai Plant Capex: INR25 crores to double capacity from 30,000 to 60,000 tons per annum. Some machines installed and operational; full capacity expected by Q2. (Pages 8, 9, 15, 16, 18, 21) - Thailand Unit: Minor debottlenecking capex part of consolidated INR88 crores capital work in progress. (Pages 15, 16, 21) - No other major capex planned for the current year beyond steel cord and Chennai expansions. (Page 15) - Continuous working capital borrowing anticipated due to volume growth and lead times; term loans expected to reduce. (Pages 16, 17) - Investment aims to maintain market share, improve cost efficiency, and support expected growth. (Pages 17, 21)

- Rajratan Global Wire Limited expects consolidated volume growth of around 17%-18% for FY27. - India volume growth guidance: approximately 19% in FY27. - Thailand volume growth guidance: around 10%-11% increase, with volumes rising from 51,000 tons to 55,000-56,000 tons. - Growth in North America (USA) is targeted at around 30% in FY27. - Europe is expected to see substantial growth of approximately 50%, though from a low base. - Southeast Asia is projected to grow by 10%-15%. - Chennai plant capacity is ramping up, contributing significantly to India volume growth. - Export volumes from India expected to increase to about 15,000 tons in FY27. - Steel cord business expected to start contributing from next year onward after trial phases, with full impact beyond FY27.

- Rajratan Global Wire Limited expects continued growth in the coming years, building on good growth shown in the last year and current year projections (Page 21). - Consolidated EBITDA margin guidance is maintained at a sustainable 13.5% to 14%, with cautious optimism about expanding margins but not targeting past highs of 18%-20% due to competitive market conditions (Page 14). - Volume growth guidance for FY27 is about 17%-18%, with regional growth expected: ~19% in India, ~17% in Thailand, and significant growth in North America (~30%) and Europe (~50%) (Pages 6-7, 19). - New capacity ramp-ups (Chennai plant, steel cord wire capacity) and product expansions (steel cord and wire rope segments) are expected to drive top-line and margin improvements over the medium term (Pages 9, 14, 21). - PLI benefits remain uncertain and are excluded from projections; expected margin normalization post raw material price pass-through is anticipated in current quarters (Pages 10, 20, 21).

The transcript does not explicitly mention the current or expected order book or pending orders for Rajratan Global Wire Limited. However, relevant insights related to demand and outlook include: - Robust demand from customers in India, Thailand, and globally despite geopolitical challenges. - Targeted volume growth of around 17% to 18% for the current year (FY27). - Chennai plant capacity doubling to 60,000 tons, with sales expected to grow from 17,000 tons to 34,000-35,000 tons. - Export growth planned: ~30% growth in North America, ~50% in Europe, and 10%-15% in Southeast Asia. - Capacity utilization at peak levels in several plants (Thailand, Indore ~90%; Chennai ramping up). - Steel cord project trial production expected in Q2 FY27, with commercial volumes anticipated from FY28 onwards. No specific order book figures or pending order values are disclosed.

- No explicit mention of new large term loan borrowings planned; rather, a reduction in long-term loan is expected due to repayments (Page 18). - Working capital borrowing is expected to continue or increase due to volume growth and higher input costs, with short-term borrowings remaining elevated for next couple of years (Pages 6, 18). - The company prefers to borrow at relatively low-interest rates (~7%-7.5%) to fund profitable business rather than diluting equity (Page 9). - No indication of any planned equity fundraising mentioned. - Current capex funded via a mix of internal accruals and borrowing; the term loan is expected to reduce, but working capital loans may increase in the near term (Page 18).