Sahana Systems Ltd

- Currently, Sahana System Limited is managing cash flow adequately for ongoing and planned projects without immediate need for new fundraising. - For large-scale future projects, especially marquee projects in the pipeline (each potentially around INR 1,000 crores), the company may consider additional financing. - Potential funding options include enhancement of overdraft (OD) and cash credit (CC) facilities from banks and financial institutions. - No strict timeline has been committed for such fund raising; it will be a subjective decision based on project achievement and timelines. - There is no mention of planned equity dilution at this time; the focus is primarily on debt-based funding as required. - The company aims to fund growth through internal cash flows where possible and opts for external debt if larger projects come in earlier than expected.

- Current and future capex plans are aligned with project execution and business growth. - For ongoing projects, existing cash flow is adequate to support current capex needs. - Large-scale projects in the pipeline (potentially worth around INR 1,000 crores each) might require additional funding. - The company may opt for bank facilities like overdraft (OD) and cash credit (CC) for cash flow support if large projects are secured earlier than anticipated. - No strict timeline given for additional fund raising; decisions will be made based on project achievement. - Strategic investments include R&D in EV charging station security and IoT-enabled solutions. - Expansion plans involve hiring senior and multiple-level leadership across sales, delivery, and R&D. - Any future strategic decisions, such as listing the defense business, will be made considering shareholder benefit.

- Revenue targets are INR210 crores for FY 2026, INR350 crores for FY 2027, and INR500 crores for FY 2028 (consolidated). - The company projects crossing INR3,000 crores in annual revenue within 5 years across different segments. - Plans to achieve INR5,000 crores in revenue in around 6 years. - Growth driven by multiple business verticals: defense (targeting INR1,000-2,000 crores in 5 years), system integration in marine ecosystem (INR500-600 crores), and master system integration for government (INR1,000 crores). - Current order book secured for next 1-1.5 years, with strong pipeline and over 80% chances of winning significant large-scale projects. - Future growth supported by recurring business and new marquee projects, especially in defense and government sectors. - Margins expected to improve with defense projects and operating leverage. - Expansion includes onboarding senior staff and increasing workforce aligned with growth.

- Revenue targets: INR210 crores (FY 2026), INR350 crores (FY 2027), INR500-1,000 crores (FY 2028 and beyond). - Long-term goal: Reach INR5,000 crores in revenue in approximately 6 years. - Margin outlook: Defense sector margins expected to increase; system integration margins remain steady; overall PAT projected to grow in next 3 years. - Earnings growth: PAT expected to increase with business expansion and operating leverage in defense projects. - Cash flow/capex: Current projects manageable with existing cash flow; potential increase in bank borrowing (OD/CC) for large projects. - Strategic growth: Conservative projections with strong order pipeline and recurring revenue from government and enterprise clients. - Investor engagement: Commitment to more frequent earnings calls and updates to investors.

- Sahana System Limited has confirmed order book visibility for the next 1 to 1.5 years from existing confirmed orders. - The company is among shortlisted vendors for several large-scale projects worth around INR 1,000 crores each, with a high chance (>80%) of winning. - Current confirmed orders have been won over the past 6 to 12 months, supporting revenue recognition in the near term. - The company projects booking around INR 200 crores revenue in FY 2026, INR 650 crores in FY 2027, and around INR 500 crores (standalone) in FY 2028. - Larger scale projects in the pipeline could push overall order book substantially, with potential order inflows beyond 1.5 years. - All large orders declared as per compliance; smaller or enhancement orders are also continuously announced. - Orderbook includes domestic government and enterprise projects plus export orders from the US and potential deals in Southeast Asia, Africa, and Latin America.