Q4-FY26 · Rajat China
SIS must be seen as a compounding story. For us, the two metrics that are super important are to be able to get growth above 15% and maintain returns over 15%.
SIS / language trends
Read confidence between the lines.
SIS · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q4-FY26 · Rajat China
The barriers are not to entry, the barriers are to scale. Anybody can run a 50 crore security company, but there are only two security companies in India with revenues more than 2,500 crores.
Q4-FY26 · Rajat China
FI26 presents a counterpoint. It demonstrates what happens when a multi-engine platform which is a market leader in security, market leader in FM delivers.