S P Apparels Ltd

- The company plans to raise equity initially by the end of Q2 (FY26), as mentioned on Page 13. - The equity raise is linked to plans for demerging the retail business, with a potential separate listing in a few years (approximately 3 years from equity raising). - No major future capex investments are planned beyond minor maintenance; significant capacity expansions have been completed or are in progress (Page 9). - Current consolidated net debt stands at INR 335 crores with expectations to stabilize or reduce to around INR 200 crores in 2-3 years post expansion consolidation (Page 15). - No explicit mention of raising fresh debt; focus appears to be on managing existing debt and supporting acquisitions through internal resources and planned equity raise.

- Consolidated capex planned for FY26 is approximately INR 60 crores in India plus $6 million (around INR 50-55 crores) as unsecured loan to Sri Lanka subsidiary, totaling about INR 110-120 crores. - Capex includes adding around 1,000 machines in India and 2,000 machines in Sri Lanka by March 2026. - Young Brand Apparel plans to lease a facility near Salem with 300 sewing machines to increase capacity to 1,700 machines by next year. - No major capex beyond FY27 is planned; focus will be on consolidating capacity, optimizing utilization, and sweating assets. - Minor maintenance capex expected for Sri Lanka; no significant investment needed for hostels or new infrastructure. - Strategic investment includes acquisition of Young Brand Apparel (~INR 150-160 crores) and factory acquisitions in Sri Lanka to boost operational flexibility and growth.

- Targeting INR 2,000 crores revenue by FY27 with approximately 7,500 machines in operation (Page 5). - FY26 revenue expected between INR 1,600 crores to INR 1,800 crores considering expansions and acquisitions (Pages 10,12). - Young Brand Apparel revenue projected to grow from INR 325 crores to around INR 350 crores in FY26, with potential INR 400-420 crores in next couple of years (Pages 15,6). - Sri Lanka operations expected to contribute INR 200 crores revenue in FY26 and expand capacity to 2,000 machines by FY27 (Page 4,7). - SPUK revenue targeted at GBP 9.5-10 million for FY26, with growth to GBP 12-14 million in FY27 (Page 12). - Capacity additions of 700-1,000 machines planned in FY26, including asset-light leasing at Salem for Young Brand (Pages 8,4). - Steady revenue growth anticipated with cautious expansion and consolidation over next 2-3 years (Pages 15,9).

- S.P. Apparels aims for an EBITDA margin of around 18% on a standalone basis in the next 1-2 years (Page 11, 10). - Young Brand Apparel is expected to improve EBITDA margin from 15% to around 16-17% (Page 11). - Revenue target is INR 2,000 crores by FY27, driven by capacity expansions including standalone, Sri Lanka, and Young Brand operations (Pages 5, 9). - For FY26, consolidated revenue is expected between INR 1,600 to 1,800 crores with stable EBITDA margins around 18% (Pages 9-10). - EPS is expected to grow aligned with revenue and margin expansion; FY25 consolidated EPS was INR 37.9 per share, with expectations of improvement (Page 5). - Management is confident about margin improvements and long-term value creation through strategic decisions and capacity optimization (Page 19). - Young Brand contribution and margins show potential for further improvement with better utilization (Pages 8-9).

- Current order book status for Garment division is INR 442 crores. (Page 4) - SPUK's current order book is valued at GBP 4.5 million. (Page 4) - For FY26, SPUK has an order book of approximately GBP 4.4 million. (Page 12) - No specific consolidated order book total mentioned beyond these figures.