SKY GOLD AND DIAMONDS · tone and specificity signals across the available quarters.
Language signals
We are such a tiny player in the market that reaching 18,000 to 19,000 crore is not expected to be a challenge. We would like to pick the right battles so that we don't compromise on the gross margins and working capital cycles.
There are not many businesses in India which can grow revenue at 30-35% CAGR and convert 20% of PAT to OCF. This also underscores the lean growth engine we have built.
As promoter, we have agreed for zero salary compensation model from FY27. We will follow dividend-only compensation. Promoters would draw compensation exclusively through dividends ensuring their rewards rise only when shareholder benefits.
We would like to stick to our PAT guidance by FY30 but we would like to avoid revenue or volume guidance primarily because of the volatility in the gold price which is beyond our control. Also top line is vanity, PAT is sanity and cash in the bank is reality.
Our core mandate remains the construction of a fortress balance sheet. The objective is heavily safeguarded by our announced cash conversion guidance particularly as we move through FY27.
We are at zero gold metal loan right now and again the government strategy is going on for this imports and all. So we are at zero gold metal loan right now as per the requirement whatever is accretive we will go for that.
We are looking at a growth in the volumes as well as growth in the business but with an eye on the overall cash flow from operations as well and we want to balance all three of them in this new phase of Sky Gold 3.0.