Data Patterns hosted a conference call on May 24, 2022. In
the conference call the company was represented by Srinivasagopalan Rangarajan,
MD & CEO.
Key takeaways of the call
Order book as end of March 31, 2022 was Rs 476 crore and of
which about 62% is production contracts, 25% is development contracts and
13% is service contracts. Order inflow in Q4FY22 and FY22 was higher at RS 70
crore (up Rs 41 crore) and Rs 289 crore (up from Rs 137 crore) respectfully. Of
FY22 order inflow about 48% is production contracts, 49% development contract
orders and 3% is service contracts.
Development order book growth at 4x at Rs 121cr in
FY22.
Expects revenue growth in the range of 25-30% for FY23 as
well as FY24. FY23 EBITDA margin was
expected upwards of 40%.
Expects order inflows of Rs 400 crore plus in next one year.
Revenue seasonality reducing but high – Q4 is still >50%
of yearly revenue
Capex planned for FY23 is at Rs 60-70 crore to be used in
SMT line expansion and improving test infrastructure. The company spent Rs 38.2
crore in FY22.
The company aims to maintain working capital days at 280-300
days in medium term
Order pipeline is very large and the company expects to be a
major participant for orders worth Rs 2000-3000 crore in next 3-4 years.
Last year we had margin was more and this is not this Q4 vs
Q3. Gross margin 69% to 72%.
Repaid loans of Rs 27 crore in FY22 from IPO proceeds. Short term borrowings would be in the range
of Rs 25-50 crore in FY23.
Doubling the existing manufacturing facility: To be fully
operational from Sep'22 onwards.
Exploring larger opportunities in export market; Working in
collaboration with domestic players.