Nitiraj Engineers Ltd #nitiraj 1. Expansion Plans: Factory capacity increased by 45,000 sq.ft to support growth, targeting ₹150cr+ turnover capacity with new infrastructure. 2.Growth Targets: Management reaffirmed 20-25% CAGR guidance for next 3-4 years across all business verticals. 3.Drone Business: Expect first drone revenues in FY25-26 with 12L capacity agricultural drones; DGCA-approved RPTO certification secured for pilot training. 4.German JV: Advanced negotiations for European contract manufacturing of electronic weighing scales, prototypes developed. 5.Export Strategy: Systematic export push to Middle East/Africa through dedicated team; Germany as strategic entry point. 6.Automation Focus: Security/automation products (RFID locks, smart devices) expected to drive 20-25% CAGR with hotel industry focus. 7.Margin Improvement: Guidance for 18%+ EBITDA margins through operating leverage and premium product mix. 8.Capex Plan: Annual ₹3-5cr earmarked for automation machinery and capacity upgrades. 9.Product Pipeline: December launch of upgraded jewelry scales and Q4 security automation solutions for builders. 10.Capacity Utilization: Targeting 70% utilization by FY26 through institutional orders and repeat business https://x.com/investorthings/status/1892421036429172835?t=HoUc8od8lVz1xdYJMO7tNA&s=19