• Acquisition funding: The ₹12,900 crore acquisition of Omnia Holdings will be funded through internal accruals and debt, with combined debt levels remaining comfortably below 2x EBITDA.
• EPS accretion: Management anticipates the transaction will be EPS accretive starting in FY28 itself, with performance improving further from FY29 onward.
• Margin trajectory: Although Omnia's current margins are on the lower side at under 12%, management expects operational synergies between Solar and BME to lift margins toward the global explosives benchmark of 18–19% over time.
• Cash flow strength: Omnia has demonstrated strong financial discipline over the past five years, consistently generating positive cash flow and shareholder returns even after funding domestic capacity additions in South Africa and global expansion.