Surya roshni ltd

I just heard the conf call –

My key concerns –

1. The company management lacks ambition – CFO BB Singal said – “it will take 50 years for Surya to achieve distribution reach to 3lacs+ electrical outlets”. In an Economy like India where infra growth is in double digits, Surya aims to grow at 15-20%.

2. The company management lacks quality – If you look at the CFO, he has spent all his profession life as a CS in Surya, and now he is a CFO for last 1.3 years. A professionally sharp and a business savvy CFO might bring a different kind of drive. The CEO Raju Bista, is a Lok sabha MP from Darjeeling. Being an MP/politician is not a part time job, nor is being the CEO of a listed company. With all due respect, Mr. Bista was just reading the presentation they uploaded. He did not even answer questions, it was all the CFO. Even the board is fully of family loyalists. I do not understand this weak management setup

Disclaimer – I have a miniscule starter-position in one of my portfolios, which I certainly do not wish to add to.