Rushil Decor Ltd

The transcript does not mention any current or planned fundraising through debt or equity. Key points related to financials and debt are: - Net debt-to-equity ratio stood at 0.42x as of September 30, 2025, indicating prudent financial management. - No specific discussion or announcement about raising new debt or equity funds during the call. - Focus remains on operational recovery, capacity utilization, and growth through existing resources. - Expansion plans, such as Jumbo Laminate ramp-up and Singapore operations, are expected to be funded through internal accruals or existing arrangements (not explicitly stated but no new fundraising mentioned). - No queries from analysts regarding new funding or capital raising during the Q&A. Hence, as per the available information, there is no indication of any new equity or debt fundraising planned or underway.

- The company has planned a capital expenditure (capex) of around INR 100 crores for Phase 1 and Phase 2 of the Jumbo Laminate facility. - This investment is expected to generate revenues of INR 150 crores to INR 175 crores by the end of FY27. - Expansion in the Jumbo Laminate segment is aimed to reach optimal capacity utilization (around 80-85%) by Q3-Q4 FY26. - There is a mention of starting operations in Singapore, which is a strategic move to increase export volumes, particularly in the Far East, but specific capex details are not yet available. - No immediate expansion plans are indicated for the MDF segment; current capacity utilization is expected to be sufficient for FY27. - The company will provide further updates on capacity additions and new projects once more details are available.

- For FY27, overall turnover is expected to be INR 1,100 crores or more, driven by ramp-up in Jumbo laminate and Singapore operations. - Jumbo laminate turnover projected to increase from around INR 30 crores in FY26 to at least INR 100 crores in FY27. - Singapore operations, newly started, expected to contribute additional turnover from FY27, focusing on Far East markets with faster response times. - Existing laminate capacity is near optimal utilization (~85-90%), with current revenue around INR 200 crores; Jumbo project expansion will significantly add capacity. - Within 2-3 years, total laminate segment (including Jumbo) expected to reach INR 450-500 crores turnover. - MDF business capacity utilization stable around 90-95%, with value-added products contributing to improved realizations and volumes. - Overall EBITDA margins expected at 11-12% with growth in volumes and improved capacity utilization.

- FY26 revenue expected around INR 970 crores, slightly below earlier guidance of INR 1,000 crores. - EBITDA margins anticipated between 10-12% in FY26; steady margin maintenance expected. - FY27 turnover target: approximately INR 1,100 crores or more including Jumbo and Singapore expansions. - Jumbo plant revenue projected to ramp up from INR 30 crores in FY26 to INR 100 crores+ in FY27. - Singapore operations started recently; contribution expected to grow from next quarter onwards. - EBITDA margin with Jumbo scaling up expected to be 12%+ in FY27. - Laminate segment, including Jumbo phases, expected to reach INR 400-500 crores revenues in 2-3 years with blended EBITDA margin around 12-13%. - MDF capacity utilization stable around 90-95% with no immediate expansion required. - Overall optimistic about improved performance and earnings growth supported by capacity ramp-up, export growth, and cost optimization going forward.

- The company has assured export orders roughly equivalent to around 105 containers; exact capacity percentage is not calculated yet due to varied product thickness and categories. - For Q3 and Q4 FY26, estimated export revenue from Jumbo business is around INR 25 to 30 crores, with trial shipments having started post-certification in mid-September. - It's too early to comment on orderbook visibility for 2-3 years out when Jumbo revenue may reach INR 200-250 crores, as current exports are mostly trial orders. - Delivery cycles to export markets are long (over 45 days post-port shipment), limiting near-term booked visibility. - Approximately 15-20% of the Jumbo capacity is already being utilized for exports to Russia, where certification is not required. Overall, current orderbook is in early stages with trial shipments commenced; firm long-term booked orders beyond initial exports aren’t yet established.