Shree Karni

- There is no indication of an increase in debt; the management clarifies that the debt has remained the same and even reduced between March and September 2025. - Pending convertible warrants (around INR 18 crores) are expected to convert into equity within one year, increasing promoter's equity stake by about 4-5%. - The company is actively paying down term loans, approximately INR 30-50 lakhs per month. - No new debt is planned; the company aims to reduce overall debt post receipt of remaining payments. - Capex planned mainly for capacity doubling, with infrastructure already in place; no mention of fundraising linked to capex. - Overall, no fresh fundraising through debt or equity is explicitly stated at present.

- Doubling capacity of the dyeing house is planned; infrastructure is already ready, only machines need to be installed. - Capex for dyeing capacity expansion involves ordering machines; timeline for completion is around 3-4 months. - No major new capex planned for weaving or knitting capacity as existing capacity plus contract manufacturing covers up to INR300 crores revenue. - Future capacity increase will focus on high-end machines for specialized segments like defense. - There is sufficient land adjacent to the dyeing factory for future expansion. - Solar power capacity currently at ~2 MW with plans to increase, including solar for dyeing unit, aiding cost saving and certifications. - Capital subsidies and interest subsidies have been received for recent investments. - No significant additional depreciation or interest cost increase expected beyond current levels from planned expansions.

- Shree Karni Fabcom targets a minimum 25% year-on-year revenue growth. - For FY26, earlier targets were INR 220-240 crores; FY27 targets INR 280-300 crores. - The company plans to diversify product segments, limiting luggage to no more than 30% of total business by FY27-'28. - Growth will be driven by entry into specialized garments, fire-retardant fabrics, umbrella fabrics, and defense segments. - They expect to increase business with global retail giants like Walmart and Target to about 20% of total revenue next year. - Dyeing unit capacity is planned to be doubled soon, aiding volume growth. - Existing capacity utilization is around 80%-85%, with scope to grow further by adding machines. - Defense and high-margin specialized products expected to form 20%-25% of revenue in 2-3 years.

- The company targets a 25% CAGR in revenue over the next few years, with a focus on diversifying beyond the luggage segment to maintain none above 30% of total business by FY '27-'28. - Gross margins are targeted to exceed 30% for specialized businesses like defense, with PAT margins expected around 12-13% sustainably. - EBITDA margins are expected to improve, particularly from the dyeing unit stabilization and entry into higher margin, high entry-barrier segments which may form 20-25% of revenue in 2-3 years. - The company plans to double dyeing capacity soon, with limited capex needed due to existing land and infrastructure. - Growth with large global brands like Walmart and Target is expected to contribute about 20% of business next year, aiding revenue and profit expansion. - Solar power investments and government subsidies will aid cost savings and margin improvements.

- The company operates with a 3 to 6 months advance order prediction from longstanding clients. - They have built strong relationships over 10 to 20 years, facilitating accurate order forecasting. - Ready stock of raw fabrics is maintained to meet orders promptly. - They expect a minimum year-on-year growth of 25% in revenues. - The business is seasonal, with H2 typically busier due to school and travel seasons. - Entry into high-value segments like specialized garments and defense is expected within 2-3 years. - They have secured vendor approval from Walmart and Target, aiming for these brands to contribute around 20% of business next year. - No specific figure for total pending orders or order book size is disclosed.