• Inventory day targets: The sharp increase in FY26 inventory days was driven by amalgamation effects, with inventory levels expected to normalize to around 70 days going forward.
• IPO proceeds deployment: Funds from the listing will be utilized for loan repayment and capacity additions in specialized cables and electrical heaters, with projects slated for completion within one year to sustain a 20% ROCE.
• Export market expansion: The company generates slightly better realizations in exports than domestic sales, targeting further growth in the Americas through its Mexico acquisition alongside established markets in Europe, the Middle East, and Southeast Asia.
• Operating margin outlook: Profitability is projected to remain stable within the historical 22% to 24% margin band as acquired entities are brought up to the company's baseline margin profile.