Unimech Aerospace and Manufacturing Ltd

- No immediate need for borrowings to fund current projects; internal funds are sufficient. - For the Saudi JV investment ($30 million total, with Unimech's 51% stake), the company plans to use cash reserves earmarked for greenfield and M&A investments. - No explicit mention of upcoming equity fundraising; focus remains on disciplined execution and utilizing internal accruals. - Expansion plans and future projects may involve incremental investments but are expected to be funded through internal resources for now.

- Current CAPEX includes approximately Rs. 40-50 crores additional investment planned to enhance existing gross block and achieve asset turns of over 3 times (Page 16). - Total fixed asset investment to date is around Rs. 210 crores, with capacity utilization targeting 70-80% as demand improves (Page 16). - Free Trade Warehouse (FTWZ) facility is nearing operational readiness by Q4 FY 2026, expected to enhance deliveries and revenue realization (Pages 8,14). - $30 million strategic JV in Saudi Arabia with Yusuf Bin Ahmed Kanoo is underway, targeting operational readiness by year three and $30 million revenue by year five with strong margins (Pages 7-9). - Plans for further strategic JV expansions beyond India, including the U.S. and Saudi Arabia, with ongoing discussions and future announcements expected (Page 15). - Inorganic growth through disciplined acquisitions in precision manufacturing and engineering markets across India, Middle East, Europe, and U.S. continues (Page 8).

- FY 2026 Q4 expected to show recovery with deeper order pickup towards the end of the quarter. - Targeting to surpass last year’s revenue of Rs. 240 crores in Q4 FY 2026. - Order book stands strong at Rs. 210 crores, highest in company history, supporting higher revenue. - Medium-term outlook expects structurally higher growth and improved financial performance in FY 2027. - Capacity utilization currently around 50-60%, with aim to improve asset turns to over 3 times from 1.4 currently. - Strategic JV in Saudi Arabia targets $30 million revenue by year five with a 35% EBITDA margin. - Export business expected to remain predominant with approx. 80% export and 20% domestic mix in three years. - Diversification into precision components, nuclear, semiconductor, and international markets to drive steady growth. - Improved tariff situation and FTWZ operationalization to enhance revenue realization and delivery.

- The company expects a recovery in Q4 FY 2026 with improved order inflows and gradual normalization of revenues. - EBITDA margins are projected to improve meaningfully by year-end, targeting around 25% EBITDA and PAT margins. - Despite current challenges, the medium-term outlook is strong, with FY 2027 expected to deliver structurally higher growth and improved financial performance. - Asset turns are targeted to increase from 1.4 times to over 3 times with planned CapEx, improving operational efficiency and margins. - Nuclear segment and precision components are anticipated to drive healthy growth in coming years. - Order book expansion and tariff normalization support confidence in a stronger operating trajectory. - Long-term focus remains on building a high-precision, global manufacturing platform with diversified markets and robust profitability.

- Current order book stands at Rs. 210 crores (Page 12, 13). - This includes Rs. 68 crores from the nuclear segment and approximately Rs. 130-135 crores from tooling business; remaining from precision components (Page 13). - There was an aspirational target to reach Rs. 300+ crores order book in FY 2026; however, due to tariff-related challenges during the year, this is currently unlikely to be met (Page 12). - The company continues to see a healthy pipeline and order intake, with a strong Rs. 200 crores order book and ongoing bid activity, especially in nuclear and tooling segments (Page 12, 13). - Recent order inflows have improved with tariff reductions and better customer sentiment (Page 19). - The management remains optimistic about steady order inflow growth and expects improved order execution going forward (Page 19). - Strategic mitigants like the Free Trade Warehouse Zone are expected to support order pipeline conversion into revenues (Page 19).