Tega Industries Ltd

The transcript provided does not mention any current or future fundraising plans through debt or equity for Tega Industries Limited. Key points related to capital expenditure and financials include: - No significant CAPEX was incurred in Q1 FY24; land acquisition for Chile expansion was done in the last financial year. - The company is awaiting regulatory approvals to commence construction in Chile, expected by Q3 FY24. - Further CAPEX will be incurred once approvals are received. - There is no mention or indication of raising funds through debt or equity in the call. Therefore, based on the available information, no fundraising through debt or equity is currently planned or disclosed.

- Chile Expansion Project: - Land acquisition completed in the last financial year. - Awaiting statutory/regulatory approvals, expected by Q3 FY24. - CAPEX planned to commence after approvals; construction expected to start subsequently. - Project timeline may shift by a quarter or two depending on approval delays; currently targeting completion around Q1 FY25. - Other Capex: - No significant CAPEX incurred in Q1 FY24. - Planned CAPEX includes some debottlenecking in other parts of the world. - The capacity expansion and improvements aim to support the projected 15% growth for the next 3-4 years. - Strategic Integration: - Integration synergies between Tega and McNally Sayaji underway, expected to yield positive outcomes soon. Overall, strategic investments focus on capacity expansion, regulatory approvals in Chile, and group synergies to drive future growth.

- Tega Industries is targeting a 15% compound annual growth rate (CAGR) in volume and overall business growth for FY24 and beyond. - The consumable business, primarily mill liners, is expected to sustain growth driven by copper and gold mining sectors, with these metals requiring extensive beneficiation. - The equipment business is still being assessed, with gross margin guidance to be provided in upcoming quarters after further evaluation. - Order book stands robust at around Rs. 500 crore, executable over 6-6.5 months, supporting steady revenue flow. - Expansion plans, including new capacity in Chile, aim to support 15% growth for at least the next 3-4 years. - Growth is also supported by increasing penetration of innovative products like DynaPrime and gaining market share in steel liners. - External factors such as global copper and gold demand, driven by EV adoption and production trends, underpin long-term growth prospects.

- Tega Industries targets a **15% CAGR growth** in its business, maintained over the next 3-4 years. - EBITDA margin guidance for the **consumable business is 20% to 22%**. - The **equipment business (McNally Sayaji)** is expected to have EBITDA margins around **10% to 13%**. - FY24 gross margin for consumables is expected between **57% to 60%**; equipment business margins will be clearer in 1-2 quarters. - Order book at Rs. 500 crore, executable over **6-9 months**, should support growth momentum. - Volume growth outlook for FY24 is about **15%**. - One-off costs related to acquisition and logistics delays impacted Q1 margins but are not expected to recur. - Expansion plans (Chile project) and new contracts (e.g., Rs. 685 crore copper mine order) are growth levers enhancing future profitability.

- As of June 30, 2023, Tega Industries Limited's group-level order book stands at approximately Rs. 5200 million, showing an 8% increase from Rs. 4800 million on March 31, 2023. - The order book includes both consumable and equipment businesses; consumable orders typically cover 4-5 months of revenue, while equipment orders have an execution timeline of 8-9 months. On a weighted average, the order book covers about 6 to 6.5 months of revenue. - A significant recent order announced is a 6-year contract (5+1 years) for a major copper mine in Europe with a minimum value of Rs. 685 crores, focusing on wear asset management and services. - The order book and pipeline remain healthy, supporting an expected volume growth of 15% for FY24.