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

The company has recently commercialized an incremental 3500 MVA capacity in August 2024, taking total installed capacity to 7500 MVA. Existing capacity is fully utilized; new capacity started utilization from September 2024 and is expected to be fully utilized by FY 2025-26. For further growth beyond FY 2025-26, the company will need to expand production capacity. A decision on additional capacity expansion is expected in the next 2 months (around December 2024 - January 2025). The maximum capacity possible on the existing land parcel is around 25,000 to 30,000 MVA. Setup time for new capacity

Any current/future new fundraising through debt or equity?

There is no explicit mention of any current or future fundraising plans through debt or equity in the provided transcript. However, the management indicated they are considering capacity expansion and will take a call in the next two months (around December or January) regarding further production capacity expansion. No specific mention of funding methods—equity or debt—for this expansion has been disclosed. The company is also contemplating listing on NSE, but no definitive decision or timeline has been provided yet. Overall, fundraising details are not explicitly discussed in the available t

Future growth expectations in sales/revenue/volumes?

Company targets a turnover of about ₹550 crores in FY24-25 and expects to fully utilize the new 3500 MVA capacity by FY25-26, aiming for ₹750-800 crores in revenue. Strong demand outlook for next 4-5 years, driven by continued growth in renewable energy installations (15-20 GW installed annually, with government targets of 25 GW per year). Renewable energy sector accounts for approximately 60% of current transformer sales. Capacity expansion decisions for further growth planned within next 2 months, dependent on market scenario. Export and domestic demand both robust; export contribute

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

Expectation to achieve turnover of Rs. 550 crores in FY24-25 and Rs. 750-800 crores by FY25-26 after full utilization of new capacity. Demand for transformers, especially in renewable energy, expected to remain robust for next 4-5 years. Margins of around 25-30% EBITDA anticipated to be maintained over next 1-2 years despite competition. New capacity utilization ramp-up starting September 2024; full utilization expected by FY25-26. Export and domestic sales expected to maintain a roughly 40-60 to 60-40 revenue split, supporting steady growth. No immediate plans for expansion beyond current cap

Current/ Expected Orderbook/ Pending Orders?

Current order book is approximately ₹450 crores. Executability timeline for the order book was queried but not explicitly specified in detail. There is a strong demand, and the company expects to utilize most of its capacity in Q3 and Q4 of the fiscal year. The company anticipates full capacity utilization of new production capacity by 2025-26. Domestic and export demand remain robust, supporting execution of existing and forthcoming orders.

Shilchar Technologies LtdQ2 FY25Electrical Equipment

Shilchar Technologies Ltd Q2 FY25 Earnings Call Analysis

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

Price: ₹3,650.9P/E: 30.4Market Cap: ₹4.2K CrSector: Electrical Equipment

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

3 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 1

Company targets a turnover of about ₹550 crores in FY24-25 and expects to fully utilize the new 3500 MVA capacity by FY25-26, aiming for ₹750-800 crores in revenue.
Strong demand outlook for next 4-5 years, driven by continued growth in renewable energy installations (15-20 GW installed annually, with government targets of 25 GW per year).
Renewable energy sector accounts for approximately 60% of current transformer sales.
Capacity expansion decisions for further growth planned within next 2 months, dependent on market scenario.
Export and domestic demand both robust; export contributes around 45-50% of revenue.
Expectation of maintaining healthy margins despite capacity expansions and competitive pressures.
Company confident of sustaining volume growth of 40-45% into FY27, driven by strong renewables demand.

Margin guidance

Category 3

Expectation to achieve turnover of Rs. 550 crores in FY24-25 and Rs. 750-800 crores by FY25-26 after full utilization of new capacity.
Demand for transformers, especially in renewable energy, expected to remain robust for next 4-5 years.
Margins of around 25-30% EBITDA anticipated to be maintained over next 1-2 years despite competition.
New capacity utilization ramp-up starting September 2024; full utilization expected by FY25-26.
Export and domestic sales expected to maintain a roughly 40-60 to 60-40 revenue split, supporting steady growth.
No immediate plans for expansion beyond current capacity but decisions on further capacity increases expected in next 2 months.
Operating leverage and healthy gross margins seen as drivers for improved profitability going forward.

See what Shilchar Technologies Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

There is no explicit mention of any current or future fundraising plans through debt or equity in the provided transcript.
However, the management indicated they are considering capacity expansion and will take a call in the next two months (around December or January) regarding further production capacity expansion.
No specific mention of funding methods—equity or debt—for this expansion has been disclosed.
The company is also contemplating listing on NSE, but no definitive decision or timeline has been provided yet.
Overall, fundraising details are not explicitly discussed in the available text.

Order book

Yes

Current order book is approximately ₹450 crores.
Executability timeline for the order book was queried but not explicitly specified in detail.
There is a strong demand, and the company expects to utilize most of its capacity in Q3 and Q4 of the fiscal year.
The company anticipates full capacity utilization of new production capacity by 2025-26.
Domestic and export demand remain robust, supporting execution of existing and forthcoming orders.

See what Shilchar Technologies Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

The company has recently commercialized an incremental 3500 MVA capacity in August 2024, taking total installed capacity to 7500 MVA.
Existing capacity is fully utilized; new capacity started utilization from September 2024 and is expected to be fully utilized by FY 2025-26.
For further growth beyond FY 2025-26, the company will need to expand production capacity.
A decision on additional capacity expansion is expected in the next 2 months (around December 2024 - January 2025).
The maximum capacity possible on the existing land parcel is around 25,000 to 30,000 MVA.
Setup time for new capacity (e.g., 5000 MVA) can be less than one year if initiated.
No current plans for listed shares on NSE, but the company is considering it.

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