Sansera Engineering Ltd

- There is no explicit mention of any new fundraising plans through debt or equity in the transcript. - The company has higher debt levels compared to FY20-21 due to heavy investments in capacity expansion, especially for non-traditional areas like non-ICE and non-auto components. - Management expects debt to remain around the current level for some more time but anticipates improving debt metrics (net debt to equity, net debt to EBITDA) as growth progresses. - Capex for FY24 is expected to be around INR 250 crores, primarily funded through internal accruals and existing debt. - No specific plans for raising fresh equity or additional debt were indicated during the call or Q&A.

- Capex for FY24 is expected to be approximately INR 250 crores, similar to FY23's INR 244 crores. - Majority (over 75%) of the capex is focused on new sectors like aerospace, tech agnostic, and xEV components rather than traditional ICE areas. - New manufacturing facility set up to cater to growth, especially for aerospace; expected full utilization by FY26 with potential revenue of INR 350-400 crores. - Construction underway for a new aluminum machining parts facility at existing Bidadi Plant 11 (brownfield expansion), expected completion by end of FY23. - Capex aims to enhance technological upgrades and add production lines to support growth in non-ICE segments. - Strategic appointments include a senior Europe-based person in Toulouse to boost European aerospace business. - Overall, investments are geared toward expanding non-auto, aerospace, tech agnostic, and export capabilities.

- FY23 revenue grew by 18% with healthy domestic market performance and export recovery signs. - FY24 expected to surpass FY23 growth due to recovery in exports and strong non-auto business growth (~50% YoY, especially aerospace). - Order book peak annual revenue at INR13.3 billion expected to ramp up over 2-3 years; 30-40% in year 1, 70-75% by year 2, full maturity from year 3 onward. - Export contribution expected to increase from 28.4% in FY23 to ~32.5%-33% in FY24, with higher-margin orders boosting overall margins and revenues. - Aerospace business expected to grow strongly with new manufacturing facility, targeting INR350-400 crore revenue by FY26. - Domestic markets, especially two-wheelers and passenger vehicles, show robust growth (29% and 39%, respectively). - Overall, a stronger FY24 anticipated supported by better utilization and positive demand outlook both domestically and internationally.

- Sansera Engineering expects a stronger year in FY24 with better utilization of new plants, leading to growth in earnings and margins. - The company targets achieving a 20% EBITDA margin by FY25 as part of its "20-20-20" program (20% CAGR growth, 20% ROCE, 20% EBITDA margin). - Export growth is anticipated to improve, especially in aerospace (expected ~60% growth) and aluminum forged/machined components, enhancing margins. - Sweden operations are expected to recover margins to 7-8% EBITDA this year with cost improvements and utilization gains, potentially reaching double-digit EBITDA by Q4 FY24. - Overall revenue growth is expected to exceed the 18% achieved in FY23, driven by domestic and export markets. - Margin improvement guided for FY24 includes a 50-55 basis points increase on a full-year basis from better export mix.

- As of March 31, 2023, Sansera Engineering's order book of new business with annual peak revenue stands at INR 13.3 billion (USD figure not specified). - Breakdown of this order book: - Auto ICE: INR 5.5 billion (41%) - Auto tech agnostic and xEV: INR 4.3 billion (33%) - Non-auto segment: INR 3.5 billion (26%) - This order book reflects a "reset" after moving products into mass production. - Approximately INR 2 billion worth of new orders were added in Q4 FY23. - Ramp-up of orders typically takes 2-3 years: 30-40% in year 1, 70-75% in year 2, and full maturity by year 3. - Export share in new orders is higher, expected to improve margins. - The company emphasizes the resilience and expected better utilization leading to stronger growth in coming years.