Management has two prone strategies in place, one is to get away from food packaging and getting into machines on making tarpaulin as well as also catering to manufacturers of woven sack, that is Raffia, an industry which has done very well and the second strategy is to concentrate more on exports. If you see from a global point of view, Rajoo Engineers is still a very small company and India as such has got a very small contribution to exports, so export is a market segment would be growing very fast.
Rafia industry is growing by leaps and bounds, and is expected to continued to grow at 20% to 25%. which is a very good opportunity for the coming quarters.
Considering the uncertainty around company expects to continue its growth trajectory to grow at 12% to 15% for another one year and after two to three years, and in case there are any join ventures or mergers which is what company is targeting, then with that probably company would be able to grow at 20% after a year or so as explained by the management. Management has also shown strong confidence that this kind of growth could be possible in the coming period on account of more product lines in the portfolio which company is targeting.
Company does not have nay plans to dilute promoter holdings for the next 2-3 years.