Repro India Ltd

- The company plans to fund CAPEX expansion through a mix of long-term debt, past equity raised, and internal accruals (EBITDA generation). - There is no current plan to raise additional working capital since the print-on-demand business does not require it. - Debt is expected to be under control and reduce over the next 2-3 years given the nature of the business. - No mention of any planned new equity dilution in the near future. - The company prefers secure payment methods for exports and cautious financial management. - Overall, fundraising will focus on manageable long-term debt and internal resources without aggressive equity or short-term debt issuance.

- Current CAPEX underway: Expansion of digital printing capacity in Mumbai, expected completion by end of July 2018. - Future CAPEX planned for setting up additional digital printing facilities in Delhi and Bangalore, expected within 3 to 6 months after Mumbai expansion. - Total CAPEX in FY18 was around ₹13 crores; planned CAPEX for FY19 ranges between ₹15 to ₹35 crores primarily for digital printing capacity expansion. - Expansion aims to increase capacity from 6,000 to 20,000 books per day. - Strategic focus on enhancing digital print capabilities to support the growing books on demand business and cater to integrated education publishers. - Incremental capacity is expected to help capture larger share of the online book market and expand presence in North and South India with new facilities.

- Repro India aims to sell at least 24,000 books per day post capacity expansion (Page 15). - Expansion underway in Mumbai (completing by end of July 2018), with Delhi and Bangalore facilities to follow within financial year, increasing capacity (Page 15). - Books on Demand business volume grown from 5,500 to 7,500 books per day, with consistent quarter-on-quarter growth of 25%-35% (Pages 4-7). - Indian online books market expected to grow from $6.5 billion to $12 billion in coming years, with online sales projected to increase from 3%-3.5% to 10% (Page 5). - Digital print capacity expansion (Mumbai, Delhi, Bangalore) planned with CAPEX of Rs. 15-35 crores (Pages 7, 15). - Publishing services focusing on MNC and integrated publishers to capture market opportunities (Page 15). - Overall revenue growth driven by e-retail and books on demand segments, with confidence in continued quarterly growth (Pages 6, 7).

- The company experienced a turnaround in FY18 with EBITDA of ₹42 crores and PAT of ₹16.39 crores, compared to a loss the previous year. - Focus on growing the "books on demand" business, which reached sales of 7,500 books per day, showing quarter-on-quarter growth, with confidence in continued growth. - Expansion plans include increasing digital printing capacity in Mumbai, Delhi, and Bangalore, expected to be completed within the current financial year. - Cost rationalization efforts have led to savings of ₹25 crores annually, enhancing profitability. - The company targets growth in publishing services, especially with multinational and integrated publishers, leveraging customized solutions. - Limited guidance was provided on exact future earnings, but strong order books and market growth trends (online book market growing ~40%) suggest positive prospects. - Debt levels expected to reduce due to controlled working capital needs and internal accruals. - No explicit EPS guidance but trend indicates improving profitability driven by scaling operations and market opportunities.

- The company opened the financial year 2018-19 with a healthy order book of ₹54 crores. - Of this, ₹12 crores is from the export market and ₹42 crores is from the domestic business. - The order book indicates a strong demand pipeline supporting ongoing business growth.