Z-Tech (India) Ltd

- FY 2026 expected to witness 70%+ revenue growth with geographical expansion and rising recurring income. - By end of FY 2026, target to operate 15-20 parks, up from 4 parks last year, enhancing recurring revenue visibility. - FY 2027 marked as a significant inflection point with 25-30 operational parks contributing to revenue stability and cash flow. - Creative parks to contribute around 60-65% of business; geotechnical and water-related infrastructure to contribute 30-35%. - Order book strong at INR 200+ crores with continued additions expected, supporting further revenue growth. - Recurring revenues from ticketing, F&B, and events expected to contribute ~30% of revenue by FY 2027, rising to 40%+ medium term. - Expanding into new markets (Maharashtra, Gujarat, Bihar, Telangana) to reduce seasonality risk and boost volumes. - Near-term focus on accelerating pre-development, execution excellence, and selective market expansions.

- Company targets PAT of INR35-40 crores for FY 2026; currently INR9 crores in H1, expecting INR27-32 crores in H2 to meet guidance. - Significant push to open 15-20 parks by March 2026, enhancing recurring revenue base. - FY 2027 expected as an inflection point with 25-30 operational parks contributing to revenue stability and cash flows. - Parks business revenue expected to grow with ticketing and events; INR30-40 crores from ticketing alone projected in FY 2027. - Sustainable park-level margins around 20% anticipated once scale and operational leverage kick in. - Order book growth and geographical expansion (Maharashtra, Gujarat, Telangana) support revenue growth over 70% in FY 2026. - Construction and EPC contracts will ramp up, driving near-term revenue and profits. - Inorganic opportunities and diversifications (water-body rejuvenation, geotech) to complement growth and profitability.

- Current total order book stands at approximately INR200 crores. - Of this, around INR113 crores pertains to the theme park business. - INR80 crores order book relates to geotechnical and water projects. - Around INR173 crores worth of theme park orders expected to be finalized within three months. - Additional INR50 crores worth of theme park orders expected to be finalized in the next 3 months (Q4). - Geotech business is expected to add INR100+ crores worth of orders in next 4-5 months. - Total expected orders to be added within 5 months is around INR300+ crores. - Around 13 theme park orders worth ~INR100 crores won between April to September FY26. - Out of INR113 crores theme park order book, approximately INR80 crores expected to be executed by year-end (excludes long-term maintenance contracts).

- The company completed a significant equity fundraising around six months prior to the report date, raising around INR100 crores. - This fundraising was aimed at supporting hyper-growth initiatives, including acquisitions, working capital, and park expansions. - The management expressed confidence in being well-capitalized due to the recent fundraising. - No explicit mention of any new or future fundraising through debt or equity beyond this recent round was made in the provided transcript. - The company is exploring acquisitions and aims to close deals soon but did not indicate the need for additional fundraising yet.

- Z-Tech India is pushing significant capital investment in constructing 15-20 creative parks in FY 2026 to build a recurring revenue base by FY 2027. - Major investment has gone into the Noida Jungle Trail Park, which is nearing readiness to open. - The company is actively exploring acquisitions to complement and strengthen existing verticals, particularly in water-body rejuvenation and environmental sustainability for the Agua Division, with an acquisition expected to close soon. - Recently raised funds are being deployed for acquisitions and working capital to support hyper-growth initiatives. - Expansion into new markets such as Maharashtra, Gujarat, Bihar, Telangana, and southern India involves investment in project execution and park construction. - Infrastructure investments include proprietary chemical recovery systems and relocation of operations to Vadodara for enhanced R&D and faster execution. - Strategic demerger of the Theme Park and infrastructure/water business is under consideration to unlock shareholder value and sharpen business focus.