Any current/future new fundraising through debt or equity?

During the financial year, the company raised Rs. 17.1 crores by issuing 10 lakh preferential share warrants, primarily utilized for capex on the new vertical. No explicit mention of any ongoing or future fundraising through debt or equity in the Q4 FY21 earnings call transcript. The company is focusing on growth through existing resources and CAPEX investment on new verticals, including a potential galvanizing plant, but has not announced new fundraising plans. Bonus shares were issued in a 1:1 ratio, doubling capital from reserves and surplus, but this does not raise new capital. The

Any current/future capex/capital investment/strategic investment?

The company incurred a total CAPEX of about Rs. 20 crore on a new heavy structural fabrication vertical commissioned by March end, with a capacity of 15,000 tonnes per annum targeting bridges, power plants, airport hangers, metro stations, stadiums, and prefabricated structures. There is a plan under discussion to set up a new galvanizing plant to increase capacity, with the announcement pending. The company raised Rs. 17.1 crores through the issue of 10 lakh preferential share warrants, primarily utilized for capex on the new vertical. Future capacity increase plans will be considered once fu

Future growth expectations in sales/revenue/volumes?

The company expects a 40% to 45% growth in revenue in the next financial year despite the pandemic challenges (Pages 3, 6, 11, 13, 14). Telecommunication segment, especially with upcoming 5G rollout, is projected to grow by 10% to 12%, driven by new towers and deployment on existing towers (Pages 4, 10, 14). Heavy structure division (new vertical) is expected to contribute around Rs. 100 crores in revenue (Pages 3, 6, 14). EPC business is projected in the range of Rs. 250-270 crores, with overall topline expected to be around Rs. 850 crores plus/minus (Page 14). Continuous and steady order inf

Future growth expectations in earnings/operating earnings/profits/EPS?

Company expects around 40% to 45% revenue growth in the next financial year despite pandemic challenges. Top line is likely to reach approximately Rs. 850 crore, driven by growth in new verticals, telecom, and manufacturing segments. New heavy structure division expected to contribute around Rs. 100 crore. Telecom and other structure segments anticipated to grow by 10% to 12%. EPC segment revenue targeted around Rs. 250-270 crore, restricted to about 25%-30% of total business due to capital and working capital concerns. EBITDA margins are expected to remain stable around 9.5% to 11%,

Current/ Expected Orderbook/ Pending Orders?

Total order book as of May 31, 2021: Rs. 988 crores. EPC orders pending execution as of March 31, 2021: Rs. 260 crores. EPC orders received in April and May 2021: Rs. 326 crores. EPC orders with lowest bid status, awaiting LOI: Rs. 80 crores. Orders for new heavy structure manufacturing plant: Rs. 70 crores. Bangalore Metro track-laying order under execution (JV): Rs. 250 crores. Regular telecom orders estimated at Rs. 25-30 crores per month (not usually included in order book). EPC order inflow for FY21: Approximately Rs. 375 crores. Railway segment pending order book: Rs. 76 crores plus Rs.

Salasar TechnoQ4 FY21Industrial Manufacturing

Salasar Techno Q4 FY21 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹4.7P/E: 60.0Market Cap: ₹822 CrSector: Industrial Manufacturing

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

Yes

Order

Yes

Capex

Yes

4 of 5 growth signals are positive — a strong management growth story.

Full analysis

Revenue guidance

Category 1

The company expects a 40% to 45% growth in revenue in the next financial year despite the pandemic challenges (Pages 3, 6, 11, 13, 14).
Telecommunication segment, especially with upcoming 5G rollout, is projected to grow by 10% to 12%, driven by new towers and deployment on existing towers (Pages 4, 10, 14).
Heavy structure division (new vertical) is expected to contribute around Rs. 100 crores in revenue (Pages 3, 6, 14).
EPC business is projected in the range of Rs. 250-270 crores, with overall topline expected to be around Rs. 850 crores plus/minus (Page 14).
Continuous and steady order inflow is expected from telecom (Rs. 25-30 crores per month regular orders) and other sectors like railway and transmission (Pages 6, 9).
Capacity expansion plans, including potential new galvanizing plant, may further support growth (Page 12).

Margin guidance

Category 3

Company expects around 40% to 45% revenue growth in the next financial year despite pandemic challenges.
Top line is likely to reach approximately Rs. 850 crore, driven by growth in new verticals, telecom, and manufacturing segments.
New heavy structure division expected to contribute around Rs. 100 crore.
Telecom and other structure segments anticipated to grow by 10% to 12%.
EPC segment revenue targeted around Rs. 250-270 crore, restricted to about 25%-30% of total business due to capital and working capital concerns.
EBITDA margins are expected to remain stable around 9.5% to 11%, with a best-case scenario at 10.5%-11%.
The company focuses on selective orders with good margins, emphasizing bottom-line growth over mere top-line increase.

See what Salasar Techno management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

During the financial year, the company raised Rs. 17.1 crores by issuing 10 lakh preferential share warrants, primarily utilized for capex on the new vertical.
No explicit mention of any ongoing or future fundraising through debt or equity in the Q4 FY21 earnings call transcript.
The company is focusing on growth through existing resources and CAPEX investment on new verticals, including a potential galvanizing plant, but has not announced new fundraising plans.
Bonus shares were issued in a 1:1 ratio, doubling capital from reserves and surplus, but this does not raise new capital.
The management has not indicated any immediate plans for fresh equity or debt issuance during this call.

Order book

Yes

Total order book as of May 31, 2021: Rs. 988 crores.
EPC orders pending execution as of March 31, 2021: Rs. 260 crores.
EPC orders received in April and May 2021: Rs. 326 crores.
EPC orders with lowest bid status, awaiting LOI: Rs. 80 crores.
Orders for new heavy structure manufacturing plant: Rs. 70 crores.
Bangalore Metro track-laying order under execution (JV): Rs. 250 crores.
Regular telecom orders estimated at Rs. 25-30 crores per month (not usually included in order book).
EPC order inflow for FY21: Approximately Rs. 375 crores.
Railway segment pending order book: Rs. 76 crores plus Rs. 250 crores for Bangalore Metro track laying.
Expectation of another Rs. 200-300 crores growth from telecom and 100 crores from new vertical in upcoming years.

See what Salasar Techno management said on order book — free account, 30 seconds.

Capex plans

Yes

The company incurred a total CAPEX of about Rs. 20 crore on a new heavy structural fabrication vertical commissioned by March end, with a capacity of 15,000 tonnes per annum targeting bridges, power plants, airport hangers, metro stations, stadiums, and prefabricated structures.
There is a plan under discussion to set up a new galvanizing plant to increase capacity, with the announcement pending.
The company raised Rs. 17.1 crores through the issue of 10 lakh preferential share warrants, primarily utilized for capex on the new vertical.
Future capacity increase plans will be considered once full utilization of the current capacity is achieved.
The focus remains on expanding manufacturing capability and selectively bidding for orders according to capacity and margin considerations.

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How does Salasar Techno rank vs peers in Industrial Manufacturing?

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