i went through the FY15 annual report and the management has given very aggressive guidance. according to AR, mgmt targets 80% rev growth in FY16 and further 100% in FY17.
But the mgmt has history of giving aggressive guidance and not achieving it.
Here is the transcipt of the interview in Oct 2010 where mgmt gave guidance of 30-35cr revenue for FY11 and Rs. 80 cr for FY12. http://www.moneycontrol.com/news/business/somi-conveyor-beltings-projects-rs-30-cr-revenue-for-fy11-_490428.html
the co managed to achieve sales of 25 cr in FY11 and 36 cr in Fy12. in FY15 revenue stod at 75 cr.
Discl: Not invested
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