White Organic

- Currently, there is no definite plan for new fundraising through debt or equity. - Darshak Rupani mentioned that if any Foreign Institutional Investors (FIIs) are interested and if the company needs funds, they might consider it. - However, at the moment, the promoters are cash rich and prefer to fund internally if required. - The company’s internal financial situation is very healthy and cash flow is positive. - They do not anticipate needing external funds in the near future.

- The company is planning some fund raising for retail business, though nothing is concrete yet (Page 12). - Rs. 5 crores from previous investments have been reinvested into Future Farms LLP, with about Rs. 3.75 crores specifically invested there (Page 10). - Expansion plans include acquiring more land, including plans to expand into Maharashtra (Page 17). - No immediate approach to big retail chains due to low margins but focus on building brand before negotiating (Page 18). - Plans to open about 40 franchise retail stores post-October, contributing about 3%-5% to P&L, aiming for brand presence rather than full retail business (Page 11). - Organic certification and license acquisition expected by Diwali 2018, which will enhance margins and open export markets (Page 14, Page 5). - Capital is currently sufficient; promoters are cash rich and internal funds will support future requirements, with no urgent need for external funding (Page 17).

- The company targets a conservative top-line growth rate of about 25% annually (FY19 and FY20). - Post organic certification (IC3) anticipated around Diwali 2018, margins and profitability are expected to increase significantly. - Revenue from agricultural business per acre is expected to rise, with topline per acre around Rs. 1.75 lakhs and profit increasing from Rs. 1 lakh to Rs. 1.3 lakhs post-certification. - Export potential is expected to grow aggressively after IC3 certification, opening markets in US, Europe, and Australia. - Trading activities and agricultural cultivation volumes have both increased and will continue to grow. - The company plans to expand cultivation to 3,000 acres with focus on high-margin herbal crops. - Retail will contribute 3-5% of revenue, mainly through franchise models targeting Tier 1 cities. - EBITDA margins expected to improve significantly once full organic certification and licenses are achieved.

- The company expects a profit target of around Rs. 20 crores in FY19, possibly exceeding this, but remains conservative on guidance (Page 19). - Anticipated top-line growth of about 25% in FY19 with bottom-line growth expected to exceed top-line growth, driven by increased margins post-organic certification (Page 5, 19). - EBITDA margins currently at 30-40% in agriculture; expected to increase to 40-50% once IC3 organic certification is obtained (Page 19). - Per acre bottom-line expected to grow from Rs. 1 lakh to Rs. 1.3 lakhs after certification, a 30% increase in profitability per acre (Page 19). - PAT growth CAGR expected around 25% or higher for FY19 and FY20, driven by margin expansion from organic licenses and operational scale-up (Page 11, 19). - Conservative approach on guidance aims to first deliver results before updating projections (Page 19).

- Current orderbook details are not explicitly mentioned in the transcript. - As of the call, the company has about 57 clients with receivables of approximately Rs. 51 crores. - Major clients include Patanjali, with receivables ranging from Rs. 40,000 to Rs. 2 crores. - Export market has started with trial orders worth around $30,000. - After obtaining IC3 certification (expected by Diwali 2018), the company anticipates opening larger export markets including US, Europe, and Australia. - Already, the company has around 60 export queries and sample orders in progress. - The company is cautiously optimistic about growing exports and expanding client base post-IC3 certification.