Trident Ltd

- No significant new CAPEX other than approved captive co-generation Steam (2 x 150 TPH) and Power Plant (2 x 30 MW) facility in Budni, Madhya Pradesh. - Financial closure and legal documentation completed for a Power Project in Budni; disbursement as of 31 December 2018 is Nil. - Expected drawdown of about INR 150 crore by end of FY20 for this project. - Small maintenance CAPEXs (~INR 100 crore annually) continue for de-bottlenecking and capacity upgrades. - No mention of new equity fundraising; focus is on manageable debt with Net Debt to Equity ratio at 0.7x as of December 2018.

- No significant CAPEX planned for FY19/FY20 other than implementation of captive co-generation steam (2 x 150 TPH) and power plant (2 x 30 MW) facility in Budni, Madhya Pradesh; Board approved with details provided in Q1 FY19 release. - Ongoing small maintenance CAPEXs such as de-bottlenecking/upgradation of capacities amounting to approx. INR 100 crores per year. - Expect drawdown of about INR 150 crore by end of FY20 for power project in Budni. - Focus on strategic investments in US distribution: enlarged team, product development & innovation, improved product functionality, and branding initiatives to sustain growth. - Emphasis on customer acquisition and capacity utilization through reviewing retail white spaces, differentiated products, tailor-made strategies for new customers, stronger US team, and competitive pricing.

Future Growth Expectations for Trident Ltd: - EBITDA margins expected to be around 18% to 22% sustainably. - Revenue growth anticipated at 10% - 15% year on year for FY20 & FY21. - Bed Linen sales volume grew 41.7% Y-o-Y; Bath Linen grew 10.1% Y-o-Y. - Target utilization levels for FY20: Bed Linen ~75% (+/-5%), Bath Linen ~60% (+/-5%). - Marketing initiatives planned to improve capacity utilization and customer acquisition include: - Exploring white spaces in retail matrix. - Introducing differentiated, innovative products. - Tailored strategies for new customers. - Strengthening US team and closer customer engagement. - Competitive pricing to sustain growth. - Small maintenance CAPEX (~INR 100 crores per year) for capacity upgradation ongoing. - Stable cotton prices expected unless affected by geopolitical trade issues. - Efforts underway to grow US distribution and product branding to sustain growth momentum.

- The company expects sustainable EBITDA margins around 18% to 22%. - Revenue growth is projected at 10% to 15% year-on-year. - Q3 FY19 saw a profit after tax of INR 112.1 crores with EPS of INR 2.20. - The company targets continued growth driven by volume and realization increases, especially in the Home Textile segment. - Strategic initiatives in product innovation, US market expansion, and capacity utilization improvements are aimed at sustaining growth. - Small maintenance CAPEX of approximately INR 100 crores annually supports operational efficiencies. - Stable cotton prices are expected to support cost management unless geopolitical trade issues arise. - Overall outlook indicates steady earnings and margin growth from FY20 onwards.

- The demand for Paper has been robust at the beginning of the publishing season in India (Q3 & Q4 FY19), with order book showing healthy growth. - There is optimism to sustain growth in the Home Textile business going forward, suggesting a strong order pipeline. - Specific figures for the current or expected order book/pending orders are not explicitly provided in the document. - The company expects to continue surpassing guidance on revenue and margins, indicating positive order inflow and backlog. - The focus on US distribution expansion, product development, and innovation supports expectation of increasing orders. - Overall, the order book appears strong, particularly in Paper and Home Textile segments, although exact quantification is not disclosed.