Shiva Texyarn

- Shiva Texyarn plans to invest approximately Rs. 75-80 Crores over the next 18-24 months. - Investments will focus mainly on expanding the seamless garments and poly spandex athleisure fabric lines. - There will be minor expansion investments in the garmenting division driven by increasing orders. - The company is exploring strategic investments in cold weather clothing products but details are currently confidential. - Funding: Around Rs. 30-35 Crores expected from internal accruals; the remaining to be raised through debt instruments, not market fundraising. - The company has already invested Rs. 25 Crores last year in processing, garmenting, and nonwoven divisions. - Recently acquired 26% stake in L.K. Distributors to access cheaper wind power; plans to increase to 40% stake for captive renewable energy use.

- Non-spinning division revenue expected to grow from Rs.127 Crores (FY2022) to Rs.180-200 Crores in FY2023, driven by robust garmenting orders and increased processing capacity. - Garmenting division targets Rs.90 Crores, with Rs.75-80 Crores from army orders and Rs.15-20 Crores from other garmenting products. - Quick dry division projected to grow to Rs.55-60 Crores with new product launches and improved market conditions. - Coating and wiring division expected to contribute around Rs.20 Crores. - Spinning revenues uncertain due to volatile cotton prices but expected to maintain a ~60% share of total revenue. - New product focus includes seamless garments and poly spandex athleisure fabrics, showing high growth potential. - Additional planned investments of Rs.75 Crores over 18-24 months, mainly funded by Rs.30-35 Crores internal accruals and debt for the balance. - Expected industry challenges and opportunities from international demand and raw material price fluctuations.

- FY2022 reported revenue: Rs.477.07 Crores, 40% YoY growth; EBITDA: Rs.55.09 Crores (11.55% margin); Net profit: Rs.20.41 Crores (4.28% margin); EPS: Rs.15.44. - For FY2023, non-spinning segment expected to grow to Rs.180-200 Crores from Rs.125 Crores in FY2022, driven by garmenting and quick dry divisions. - Spinning and non-spinning projected split around 60:40 conservatively. - EBITDA margins in spinning averaged around 11% in FY2022; margins for army orders and value-added products higher (~25-33%). - Planned investments of Rs.75-80 Crores over next 18-24 months targeting seamless garments, poly spandex, and cold weather clothing; funding primarily through Rs.30-35 Crores internal accruals plus debt. - New processing plant expected to reach Rs.3.8 Crores turnover/month from August, contributing ~Rs.30 Crores in 8 months. - Overall, expecting steady revenue growth with operational efficiencies balanced against raw material volatility, signaling moderate profit and EPS increases ahead.

- Confirmed garment orders on hand for next 2.5 months (seamless garments & poly spandex). - Woven raised fabrics for Decathlon have 6 months order visibility. - Fleece fabrics have approximately 30 days order visibility. - Military garment confirmed orders worth Rs.12 Crores for current financial year. - Participated in limited tenders worth Rs.110 Crores for defense products; confident in securing Rs.57 to Rs.70 Crores from these. - Expect garmenting division business around Rs.90 Crores during the year. - Quick dry division anticipated to grow to Rs.55-60 Crores. - New processing plant commissioned with potential Rs.3.8 Crores turnover per month from August, implying Rs.30 Crores for 8 months. - Coating and wiring divisions expected to contribute around Rs.20 Crores. - Total projected non-spinning revenue for FY2023 estimated between Rs.180 to Rs.200 Crores.

- Shiva Texyarn Limited plans investments worth Rs.75-80 Crores over the next 18-24 months, primarily to expand seamless garments and poly spandex lines and some strategic new product investments. - Internal accruals are expected to contribute Rs.30-35 Crores towards funding these investments. - For the remaining funding, the company prefers raising funds through debt instruments. - The company is not planning to raise funds through the equity market given its current size and growth stage. - The strategy focuses on debt being a better and more feasible option for raising the required capital than equity issuance at this time.