Salasar Techno Engineering Ltd

- No significant new CAPEX planned for FY20, indicating limited immediate need for fresh fundraising (Page 13, 14). - The company currently relies on working capital limits from banks (SBI and HDFC) with utilization expected between Rs. 150 to Rs. 160 crores, showing a focus on optimizing existing credit facilities rather than raising fresh debt (Page 17). - Finance cost likely at a maximum of Rs. 20 crores with turnover growing 15-20%, implying no plans for substantially increased borrowing (Page 17). - Internal accruals expected to support growth, and any increase in interest cost is expected to be moderate or potentially reduce (Page 10). - No mention of fresh equity fundraising; prior IPO funds were utilized, but are currently not available (Page 10). - Overall aim is to keep debt minimal and manage working capital efficiently without fresh fundraising plans shared in the call.

- No significant CAPEX was done in FY19; only maintenance CAPEX for cranes, machinery, and infrastructure improvements. - No CAPEX planned for the current/future year as mentioned in multiple responses. - The focus is on optimizing existing capacity rather than expanding through new capital investments. - Strategic growth is expected through increasing revenue in telecom, railways, and EPC sectors rather than through new capital investments. - The company is limiting expansion in EPC to manage working capital cycles rather than making large capital expenditures.

- Salasar Techno Engineering Limited targets a minimum growth of 15% to 20% in revenue for FY20, potentially more depending on market conditions and government infrastructure focus. - Telecom segment revenue expected between Rs. 400 to Rs. 450 crores, with slower growth (~10%) due to an already large base (~Rs. 400 crores). - Railway segment expected to nearly double revenue from about Rs. 50 crores to Rs. 90-100 crores. - EPC segment targeted at Rs. 140 to Rs. 150 crores, limited to 20-25% of total turnover to manage working capital cycles. - New products like "cell-on-wheels" launched in telecom could add Rs. 25-30 crores in revenue. - Overall, growth driven by execution of existing orders plus new order inflows, especially from government infrastructure projects and 5G rollout opportunities. - Operational efficiencies and better utilization expected to sustain or improve EBITDA margins around 11-12%.

- Salasar Techno Engineering Limited targets a revenue growth of 15% to 20% minimum for FY20, driven by telecom, railways, and EPC segments. - EBITDA margins are expected around 11% year-on-year, with Q4 FY19 showing a high margin of 12.41% due to operational efficiencies. - Profit after tax (PAT) rose by 12.3% in FY19 with Rs. 33.3 crores and Q4 FY19 PAT was Rs. 10.2 crores. - EPS for Q4 FY19 was Rs. 7.66. - Finance costs peaked at Rs. 5 crores per quarter and may reduce with internal accruals despite revenue growth. - Telecom segment growth is expected to moderate to 10%-20% due to higher base, while railway and EPC (limited to 20-25% of revenue) are poised for faster growth. - Company remains bullish on telecom and railway growth opportunities, with railways expected to almost double revenue from Rs. 50 crores in FY19. - Management refrains from giving specific margin guidance quarter-wise but aims for consistent growth.

- Current EPC order book under execution: Rs. 250 crores. - L1 confirmed EPC orders likely to be confirmed in next 2-3 weeks: Rs. 110 crores. - Manufacturing orders confirmed: Around Rs. 110 crores. - Total confirmed order book excluding L1: Rs. 360 crores (EPC + manufacturing). - Telecom segment order book: Rs. 110 crores. - Railways and transmission manufacturing order book: Rs. 90 crores. - Order execution for EPC projects expected to be completed over the next 18-20 months. - Rs. 250 crores EPC orders include a significant portion from Reliance. - New POs expected soon related to L1 status for Rs. 110 crores. - Company targets 15-20% growth in turnover, with focus on expanding railway orders.