Sansera Engineering Ltd

- The transcript does not mention any current or future fundraising plans through debt or equity by Sansera Engineering Limited. - No declarations about raising capital, issuing new shares, or taking on additional debt were discussed during the call. - The company is focused on funding its CAPEX plans (around Rs. 4,500 million for FY '25) through internal accruals and existing resources. - They are pursuing brownfield and greenfield expansions and looking at long-term capacity building without stating any need for external funding. - The management did not provide any details or indications regarding plans for equity or debt fundraising in the near term.

- Sansera is setting up a special process facility for aerospace adjacent to the existing machining facility with an investment of about Rs. 30 crores; expected operational by mid-FY '26 and fully utilized by FY '27. This will enable in-house special processes like anodizing, sharpening, plating, crucial for aerospace growth. - The company plans a total CAPEX of approximately Rs. 450 crores (~Rs. 4,500 million) in FY '25 towards brownfield expansion of existing facilities to support growth and increased capacity. - A new 4,000-ton press is being commissioned by end of H1 FY '25, aiding expansion in higher capacity engines and aluminum components, including chassis and suspension parts. - Sansera has signed an MOU with Karnataka government to acquire 55 acres of land for future greenfield expansion in its core expertise area, pending Board approval. - Continuous focus on automation to improve margins and profitability, with automation benefits expected by next year.

- Off-road segment: Moderate growth expected around 14-15% for the full year FY '25 due to consolidation after significant scale-up last year. New programs in discussion may impact growth in coming years. - EV segment: Despite losing a major 2-wheeler customer, 30% growth in 1QFY25; expected to continue growing with Rs. 100 crore revenue guidance from this customer and new clients. Industry headwinds persist but company focuses on tech-agnostic xEV components. - Aerospace segment: Targeting 30-35% growth in FY '25, cautious due to some schedule pushouts by customers, but long-term CAGR of 40-50% anticipated over next 2-3 years. - International business (excluding Swedish subsidiary): Exports from India grew ~27-28% in 1QFY25, with high confidence in sustained strong growth backed by new customers and products. - Overall: Aim for 8-10% higher growth than industry average. Non-automotive, tech-agnostic, and xEV businesses expected to grow at 40-50% CAGR over next 2-3 years.

- The company anticipates moderate growth in the off-road segment (~14-15%) for FY25, consolidating last year’s high growth (~66-67%). - EV segment growth has slowed from 52% (FY24) to ~30% currently; management expects continued focus on xEV and tech-agnostic components but with potential slowdowns due to industry headwinds. - Aerospace revenue is expected to grow 30-35% in FY25, slightly lower than initial expectations (40-50%) due to customer schedule pushouts. - Overall growth guidance suggests a CAGR of 40-50% over 2-3 years in non-automotive, tech-agnostic, and xEV segments. - EBITDA margins are targeted to improve toward double digits by late FY25 or early FY26, driven by automation and new high-margin business. - The company aims to grow revenues by 8-10% above industry growth, with stable order books and capacity expansions underway. - CAPEX of approximately Rs. 450 crore planned in FY25 to support growth initiatives and capacity expansion.

- The order book stood at Rs. 16.9 billion as of June 2024. - 63% of orders are from international business; 37% are domestic. - Order book additions remain strong with higher-value orders despite fewer LOIs. - New business wins, especially in Swedish subsidiary and aerospace & defense, contribute to order book growth. - Future order inflows look robust, including new programs starting in the second half of the year. - Some softness in European passenger vehicle demand (Auto ICE segment) balanced by new order inflows. - EV segment order book share declined slightly from 19% to 17%, reflecting industry-wide adoption slowdowns. - The company anticipates continued strong order book growth due to diversification across segments and geographies.