Key takeaways of the meet

The company achieved a stage of maturity in portfolio of products/segments of presence. The company is not contented with what it has now and diligently looking for opportunities of growth. If right opportunity arises and the target company fits the philosophy of the company and has room for scalability it will acquire. Simultaneously the company continues to enlarge its scope in technology in its existing product-line.

Chinese subsidiary is doing well and the company in-fact has expanded its capacity. The company is expects the revenue of Chinese subsidiary to growth to about Rs 500 crore in couple of years as China is the only major market along with India is witnessing to steady growth. The company took some time to assimilate the culture of the China and now expects growth to come in. The British subsidiary pays for itself and continues to pay dividend.

IC engine phase out will not happen on a sudden note so SFL will suitably adapt itself to technology changes. There are 2 viewpoints with one advocating about 7.3% of vehicles globally be electric by 2030 and another stating 23% will be Electric Vehicles by 2030. The company feels there is enough is yet advancement is yet to be done in making electric vehicle commercially affordable as well as establishing backup infrastructure such as charging stations, time to charge a vehicle etc.

The company's dividend payout is consistent. The company wants to conserve funds for growth both organic and inorganic. So bonus issue is discussed in BOD meeting there is not favourable decision.