Sugs Lloyd Ltd

- As of now, Sugs Lloyd Limited does not have any immediate plans to raise funds from the market through equity or debt. - The company is already in discussions with its rating agency (ECR) for a credit rating upgrade. - Current credit facilities stand at INR125 crores, with plans to increase credit limits to INR300-350 crores by FY '28 to support INR1,000 crores revenue. - The company is exploring alternative financing options like purchase invoice discounting, TReDS, and acceptance of surety bonds instead of bank guarantees. - Fundraising may be considered in the future if there is an attractive valuation and if it benefits stakeholders. - The company aims to fund growth prudently and sustainably through a mix of debt, equity, and market instruments without immediate need for market fundraising.

- The company is focused on product and technology leadership, developing next-generation compact FPIs (Fault Passage Indicators), expected to launch by Q2 FY '27. - R&D efforts are ongoing, with an increasing number of engineers working on new technologies like dry compressed air insulated RMUs and VCBs, though exact timelines for launch are uncertain (likely next year or later). - Strategic discussions are underway for technology transfer with select companies to offer advanced solutions. - Plans for international expansion are in place, albeit gradual and not immediately large-scale. - Financial arrangements include building multiple levers like purchase invoice discounting, surety bonds, and structured financing to support growth. - No explicit mention of large capital expenditure amounts, but investments are implied in technology development, product launches, and international market entry.

- Targeting revenue growth from INR300 crores in FY ’26 towards INR1,000 crores by FY ‘28. - FY ‘27 expected as a significant step towards achieving the INR1,000 crores revenue milestone. - Current unexecuted order book stands at INR825 crores, with INR708 crores from power T&D. - Anticipate booking 20%-30% of INR1,225 crores worth of tenders currently in bid pipeline. - Growing niche product segment (fault passage indicators, sectionalizers) with expanding order books. - FPI business orders in Q1 FY ’27 alone comparable to entire FY ’26 order volume, indicating strong growth. - New high-value projects, such as SCADA compatible grids and ADMS, are expected to support future growth. - Expanding geographic presence across India and planning international expansion gradually. - Management confident of continuous revenue growth and increasing margins with higher contribution from FPIs.

- Sugs Lloyd aims for significant growth, targeting INR 1,000 crores revenue by FY ‘28, up from INR 300 crores in FY ‘26. - Management confident in maintaining or improving EBITDA and PAT margins despite growth. - EPS increased by 38% in FY ‘26; expected to continue growing with revenue expansion. - Focus on product and technology leadership, especially in Fault Passage Indicators (FPI), auto reclosers, and SCADA systems, which have higher margins than core EPC business. - Expect increasing contribution from niche FPI business, with revenue share potentially exceeding 10% by FY ‘28, improving consolidated margins. - Strong pipeline of orders and tender bids supports optimistic growth and earnings outlook. - Company is strengthening financial health and receivables management to sustain profitability amid growth.

- Current order book stands at INR 825 crores (excluding GST impact). - Out of the INR 825 crores, INR 708 crores is from power T&D segment. - Order pipeline (tenders at various evaluation stages) is around INR 1,225 crores. - The company has identified about 3,000 tenders for bidding in the next 1-2 months. - Expected order inflow from the pipeline is approximately INR 200-300 crores based on a 20-30% strike rate. - Recent large order includes INR 639-640 crores (including GST), about INR 540 crores ex-GST. - Orders being selective post recent large orders like Konkan Railway (~INR 600 crores). - Large-sized projects under bidding expected; one similar large project anticipated in the current financial year. - The execution timeline for current orders is about 18-24 months.