S J S Enterprises Ltd

- There is no specific mention of any new fundraising through debt or equity in the provided transcript. - The company has been focused on debt repayment, with significant reduction in net debt from Rs.599.4 million in Q2 FY2024 to Rs.220.1 million as of December 31, 2023. - Management indicates plans to repay remaining loans in Q4 FY2024 and largely in Q1 FY2025, depending on cash generation. - Capex plans for FY2024 and FY2025 are around Rs.40 to Rs.45 Crores yearly, with land for expansion already acquired; there is no mention of raising funds specifically for these via debt or equity at this stage. - The company prefers a frugal investment policy and will provide more details on expansion funding plans in Q2 or Q3 of 2024. - Overall, no explicit current or future debt/equity fundraising is announced or guided in the discussion.

- FY2024 Capex: Rs.40 Crores (includes land acquisition, expansion, Walter Pack related investments). - FY2025 Capex guidance: Rs.40 to Rs.45 Crores plus additional expansion investments for Exotech and Walter Pack. - Land for expansion already acquired; further expansion plans under evaluation, details expected in Q2 or Q3 FY2025. - Capex focused on new product lines, including the high-value optical cover glass, which is a strategic growth area. - The company aims to be frugal with investments while supporting growth. - Investments target higher capacity utilization, new technologies, and product portfolio enhancement. - Optical cover glass introduction expected to be a game changer with higher ASP and margin improvement potential.

- SJS Enterprises targets consolidated annual revenue growth close to 45% year-on-year for FY2024, driven by Walter Pack addition and strong consumer/export segments. - Organic growth for FY2024 expected over 20%, outperforming the industry growth of around 8-12% (two-wheeler 8-10%, four-wheeler 10-12%). - Walter Pack India anticipated to deliver robust growth, significantly outperforming industry rates, with content per vehicle increasing. - Q4 and FY2025 expected to see significant growth in standalone and Exotech businesses due to new business wins and expanding order book. - The two-wheeler market volume picked up in Q3 after a muted period; optimistic for continued growth. - Walter Pack's capacity utilization expected to increase from current 70-75% towards full capacity (Rs.250 Cr annual). - Export business poised for growth, targeting 10-11% of consolidated revenues in 2-3 years, up from ~7%. - Optical cover glass product launch to massively increase content value per vehicle, driving future growth.

- Consolidated annual revenue growth guidance for FY2024 is close to 45% YoY. - Organic growth for FY2024 is expected to be about 20% YoY, outperforming industry growth by 1.5 times. - Consolidated PAT growth for FY2024 is likely near 30% YoY, excluding higher amortization and one-time acquisition costs. - Walter Pack India is expected to show robust growth with volumes normalizing by Q4 FY2024 and strong order intake for FY2025. - EBITDA margins have improved significantly, with Walter Pack margin rising from 12.8% to 20.4% in Q3 FY2024; Exotech margins steady around 15%-16%. - For FY2025, management expects to outperform the two-wheeler industry (8-10% growth) and four-wheeler (10-12%) by 1.5 to 2 times, implying approx. 20%+ growth. - Capex planned at Rs. 40-45 Cr for FY2025, focused on optical cover glass and capacity expansions. - Export revenues expected to grow, increasing from ~7% to 10-11% of consolidated revenues in 2-3 years.

- Walter Pack India has won several new businesses starting from Q3 FY2024, contributing to a robust order book for FY2025 (Page 17). - New business wins from key customers include M&M, Tata Motors, Autoliv, Whirlpool, Ola, Royal Enfield, Honda Motorcycles, and TVS, indicating strong order pipeline (Page 6). - For the optical cover glass opportunity, customers are currently in the proof of concept and validation phase with audits ongoing; orders expected in next quarter or two as validations complete (Page 10). - The company expects growth in exports driven by new Walter Pack products, implying order inflows in that segment as well (Page 15). - Overall, visibility is positive due to new business wins and product validations, supporting expected revenue growth in Q4 FY2024 and beyond (Page 17).