• Shipyard capacity expansion: Titagarh Naval Systems is building a facility in Falta capable of constructing 16 to 18 vessels per year, with production expected to commence within the current financial year.
• Revenue and investment: The planned capital expenditure will be deployed over the next 2 to 3 years, with long-term revenue potential projected at 3.5 to 4 times the total investment over a 3-to-5-year horizon.
• Specialized vessel margins: The business will focus exclusively on specialized naval and commercial vessels rather than commodity shipbuilding, targeting a blended average EBITDA margin of around 15%.
• Separate listing plans: Management intends to introduce financial or strategic partners to scale Titagarh Naval Systems as an independent entity and eventually pursue a separate public listing.