Very true.
However this company is not only giving the guidance, it is achieving it consistently.
The strategy is simple, you just increase your market penetration a bit more and introduce one or two products. This year they are doing the same. Thus the guidance is believable.
The real problem in this company is financing such type of growth as it needs huge amount of working capital. Their debt level has gone up a bit. But, they have already announced a rights issue which will be able to finance this growth for some time. New production units are to be financed too.
Sharing the investor presentation.
SSFL_22072024131000_Investors_Meeting_Transcript_18072024_NSE_compressed.pdf (239.1 KB)
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