Any current/future new fundraising through debt or equity?

As of the transcript date (May 2021), Satia Industries had undertaken significant capital expenditure (CAPEX) for expansion, with ₹352 crores spent on the new project, funded by ₹230 crores from banks (debt) and ₹120 crores from internal accruals (equity/internal funds). The company expects long-term debt by March 2023 to be between ₹300 crores and ₹350 crores. No specific mention of fresh equity fundraising or additional debt plans beyond this timeline. Post-2023, further expansion plans will depend on achieving optimal capacity, stable cash flows, and debt reduction before considering new

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

Satia Industries is implementing a new paper machine with backward integration, including expanded straw pulping and wood pulping, and a 14 MW power turbine. This expansion is expected to commence production by October-November 2021, delayed slightly due to the COVID-19 pandemic. The company is also investing in molded fiber cutlery production with a capacity of 2,000 tons, expected to add around Rs. 50 crores to top line and Rs. 10 crores to bottom line. A total of Rs. 352 crores has been spent on the new project as of May 2021, funded through Rs. 230 crores bank loans and Rs. 120 crores inte

Future growth expectations in sales/revenue/volumes?

Target production to grow from 134,000 tons in 2020 to 240,000 tons by FY2023. Sales expected to increase from ₹800 crores in 2020 to ₹1,500 crores by FY2023. Paper packaging segment (including copier paper and craft paper) targeted for 10%-12% growth annually. Paper cups segment growing at 12%-13%, driven by replacement of plastic cups. Introduction of molded fiber cutlery with 2,000 tons capacity expected to add ₹50 crores to top line and ₹10 crores EBITDA. Zume partnership to contribute ₹50-60 crores in revenue with EBITDA ~40% and PAT ~20%. Full new facility operations expected

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

Targeted sales revenue of ₹1500 crores by FY2023, up from ₹800+ crores in 2020. Projected PAT margins of 10% to 12%, expecting profit after tax around ₹180-200 crores by FY2023. EBITDA expected to be between ₹300-350 crores by FY2023, almost double from ₹174 crores in 2020. The company expects to produce 2,40,000 tons of paper by FY2023, up from 1,34,000 tons in 2020. New product segments like copier paper, craft paper, and paper cups growing at 10-13% are expected to contribute higher margins (20%+ price realization over current products). Cutlery segment with a capacity of 2000 ton

Current/ Expected Orderbook/ Pending Orders?

Satia Industries has a healthy order book with confirmed orders from state textbook boards of Chhattisgarh, West Bengal, Rajasthan, Andhra Pradesh, and open market orders. Orders are secured at a gross realization of ₹67,000 per ton. The company maintains 30 to 60 days of orders in hand at any given time. For the months of April and May (FY21), the company expects realizations to remain on the higher side due to existing market and government orders. The order pipeline is supported by stable demand from state textbook boards and open market, ensuring continuity in production and sales. Demand

Satia Industries LtdQ4 FY21Paper, Forest & Jute Products

Satia Industries Ltd Q4 FY21 Earnings Call Analysis

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

Price: ₹64.03Market Cap: ₹640 CrSector: Paper, Forest & Jute Products

Management growth scorecard

Revenue

Category 2

Margin

Category 1

Fundraise

Yes

Order

Yes

Capex

Yes

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

Full analysis

Revenue guidance

Category 2

Target production to grow from 134,000 tons in 2020 to 240,000 tons by FY2023.
Sales expected to increase from ₹800 crores in 2020 to ₹1,500 crores by FY2023.
Paper packaging segment (including copier paper and craft paper) targeted for 10%-12% growth annually.
Paper cups segment growing at 12%-13%, driven by replacement of plastic cups.
Introduction of molded fiber cutlery with 2,000 tons capacity expected to add ₹50 crores to top line and ₹10 crores EBITDA.
Zume partnership to contribute ₹50-60 crores in revenue with EBITDA ~40% and PAT ~20%.
Full new facility operations expected by Oct-Nov, contributing significantly by FY2023.
EBITDA expected to reach ₹300-350 crores with PAT margin targeted at 10%-12% by FY2023.

Margin guidance

Category 1

Targeted sales revenue of ₹1500 crores by FY2023, up from ₹800+ crores in 2020.
Projected PAT margins of 10% to 12%, expecting profit after tax around ₹180-200 crores by FY2023.
EBITDA expected to be between ₹300-350 crores by FY2023, almost double from ₹174 crores in 2020.
The company expects to produce 2,40,000 tons of paper by FY2023, up from 1,34,000 tons in 2020.
New product segments like copier paper, craft paper, and paper cups growing at 10-13% are expected to contribute higher margins (20%+ price realization over current products).
Cutlery segment with a capacity of 2000 tons anticipated to add ₹50 crores to top line and ₹10 crores to bottom line.
EBITDA margin for cutlery expected near 40% and PAT margin near 20%, supporting profitability growth.

See what Satia Industries Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

As of the transcript date (May 2021), Satia Industries had undertaken significant capital expenditure (CAPEX) for expansion, with ₹352 crores spent on the new project, funded by ₹230 crores from banks (debt) and ₹120 crores from internal accruals (equity/internal funds).
The company expects long-term debt by March 2023 to be between ₹300 crores and ₹350 crores.
No specific mention of fresh equity fundraising or additional debt plans beyond this timeline.
Post-2023, further expansion plans will depend on achieving optimal capacity, stable cash flows, and debt reduction before considering new expansions.
Currently, new fundraising is not announced; focus is on managing existing debt and capacity utilization.

Order book

Yes

Satia Industries has a healthy order book with confirmed orders from state textbook boards of Chhattisgarh, West Bengal, Rajasthan, Andhra Pradesh, and open market orders.
Orders are secured at a gross realization of ₹67,000 per ton.
The company maintains 30 to 60 days of orders in hand at any given time.
For the months of April and May (FY21), the company expects realizations to remain on the higher side due to existing market and government orders.
The order pipeline is supported by stable demand from state textbook boards and open market, ensuring continuity in production and sales.
Demand visibility is strong despite the pandemic, with sustained traction from key customers.

See what Satia Industries Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

Satia Industries is implementing a new paper machine with backward integration, including expanded straw pulping and wood pulping, and a 14 MW power turbine. This expansion is expected to commence production by October-November 2021, delayed slightly due to the COVID-19 pandemic.
The company is also investing in molded fiber cutlery production with a capacity of 2,000 tons, expected to add around Rs. 50 crores to top line and Rs. 10 crores to bottom line.
A total of Rs. 352 crores has been spent on the new project as of May 2021, funded through Rs. 230 crores bank loans and Rs. 120 crores internal accruals.
Post-2023 further expansions are not announced yet; future expansions will depend on market conditions and stable cash flows.
The company plans to engage ESG consultants soon to improve environmental, social, and governance credentials.

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What Satia Industries Ltd's management said in earlier quarters

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