Salasar Techno Engineering Ltd

- As per the management comments during the Q1 FY23 earnings call, there is no mention of any new debt being taken on by Salasar Techno Engineering Limited. - The debt level remained the same as on 31st March 2022, with no further new debt during the quarter. - Cash and cash equivalents were reported at about Rs. 12 crores as of 30th June 2022. - The company is currently investing in CAPEX for expansion projects (galvanizing plant and heavy steel sector plant) funded presumably through internal accruals or existing resources. - There was no indication or announcement regarding any future fundraising plans through debt or equity in the call transcript or related documents. - For clarifications or updates, the management suggested reaching out to the IR team. In summary, no current or future fundraising through debt or equity was disclosed in the provided transcript.

- Expansion at Unit 3: New galvanizing plant with a capacity of ~100,000 metric tons, one of the largest globally. - Land adjacent to existing plant acquired; construction and foundation work underway. - Machinery orders placed; overseas shipments expected by October-November 2022. - Plant commissioning targeted in the last quarter of FY23 (December 2022 to March 2023). - Chhattisgarh heavy steel sector division plant (25,000 metric tons capacity) under construction; land acquired and development started. - Chhattisgarh plant expected to be commissioned within the last quarter of FY23. - Planned CAPEX: Rs. 47-50 crores for UP galvanizing plant, Rs. 60 crores for Chhattisgarh plant. - No additional CAPEX planned specifically for 5G connectivity; existing fungible capacity can handle diverse product manufacturing.

- For FY23, Salasar Techno Engineering expects revenue growth of approximately 20% to 25%, targeting Rs. 900 to Rs. 1,000 crores. - For FY24, they anticipate continued growth of 15% to 20% year-on-year. - Volume growth is supported by utilization increase from current 60% towards 70%-75% in FY23. - New plants (Galvanizing and Heavy Steel Sector division) are expected to be commissioned by Q4 FY23, which will aid capacity expansion. - Growth drivers include good order books in heavy steel structures (bridges), telecom towers, and power transmission monopoles. - Export orders, particularly telecom towers for African countries and the Philippines, are projected to contribute increasing revenues, expected around Rs. 120 crores. - 5G network rollout is expected to increase demand for telecom towers, though tower weight and margin pressure are factors to watch.

- The company expects revenue growth of 20-25% in FY23, targeting Rs. 900-1,000 crores, up from Rs. 720 crores in FY22. - For FY24, Salasar anticipates continued growth of 15-20% year-on-year. - EBITDA margins have been around 10-11% historically; despite a recent decline due to commodity price volatility, margins are expected to improve and stabilize. - Operating profitability is expected to recover with softer raw material prices and reduced inventory finance costs. - Capacity utilization is planned to rise from current ~60% to around 75-80%, supporting growth and margin stability. - New plants (galvanizing and heavy steel division) commissioning in FY23 will enhance production capacity and revenues in coming years. - Telecom, heavy steel structures (bridges), and power transmission monopoles divisions are expected to drive robust margin and profit growth. - No specific EPS guidance was given, but improved margins and revenue growth indicate positive earnings trajectory.

- Overall order book as of June 30, 2022: Rs. 1,182 crores. - Composition: - Unexecuted EPC orders: Rs. 808 crores. - L1 EPC orders (awaiting agreement signing): Rs. 89 crores. - Prefabricated heavy steel structure division orders: Rs. 233 crores (up from Rs. 200 crores on March 31, 2022). - Export orders of telecom towers: Rs. 62 crores. - Routine monthly telecom tower orders: approx. Rs. 25 crores. - Railways order book: about Rs. 380 crores. - Remaining from power transmission lines and substations. - Heavy steel sector division plant orders: Rs. 232 crores. - Export orders in hand worth Rs. 60 crores. - Timeline for order execution: ranges from 3 months to 24 months depending on order size.