No posts here since January 2022. Not much has happened for Sintercom in terms of top-line growth. However, for the last financial year, they reported healthy EBITDA margin expansion.
I was reading the annual report today and the management has set a target of achieving revenue of 50 million euros in the next five years. That would imply 450cr to 500cr revenue by 2028 from current levels of 87cr.
With ample opportunities within the auto industry and plans for diversification, the target seems achievable. If I read between the lines correctly, the target will be achieved sooner than expected.
Quoting Jignesh Raval – “We continue our journey to achieve the collosal goal of making the company a EUR 50 million revenue in a span of the next 5 years.”
Further – “While we say we have taken this as a target, we are confident that with various new technologies we offer to the industry we are not far of from the same.”
Disclosure: Invested
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