Rise in social spending, along with opportunities in the B2B (CSR, retail orders) and B2G segments (sanitation, education, healthcare, warehousing, cold storage, and defense), offers meaningful growth opportunity. Pan India presence, with strategic plant locations, tie-ups with various state governments, and strong distribution networks gives SINT the ability to effectively tap this opportunity. Prevailing growth would also necessitate gradual increase in capacities. Innovative offerings in biogas, sewage treatment, etc, should add revenue streams. We expect 20% revenue CAGR to sustain over FY14-17, with 24-25% margins.
Focus remains on managing working capital strength, with selective execution of projects having lower receivables and lesser approval uncertainties.