MANAGEMENT PROMISE LEDGER
Management said it. Now the clock is visible.
TickerSutra extracts quantified forward-looking statements from company concalls, records the source and watches later evidence for delivery, revision or delay.MANAGEMENT CREDIBILITY DESK
A delivery score that must be earned.
A company receives a credibility score only after at least 3 promises have explicit later evidence. Until then, TickerSutra shows the record as insufficient—not good, bad or assumed.
Who reaches an evidence checkpoint next
Rankings activate automatically when the evidence threshold is met.
| Company | Tracked | Verified outcomes | Next checkpoint | Credibility |
|---|---|---|---|---|
| CHATHAChatha Foods | 1statements | 00 delivered · 0 revised · 0 delayed | 3 Mar 20271 dated promise | |
| JSWENERGYJSW Energy | 2statements | 00 delivered · 0 revised · 0 delayed | 31 Mar 20271 dated promise | |
| SEJALLTDSejal Glass | 2statements | 00 delivered · 0 revised · 0 delayed | 31 Mar 20271 dated promise | |
| UNIPARTSUniparts India | 2statements | 00 delivered · 0 revised · 0 delayed | 31 Mar 20272 dated promises | |
| AIRFLOAAirfloa Rail Technology | 1statements | 00 delivered · 0 revised · 0 delayed | 31 Mar 20271 dated promise | |
| APLLTDAlembic Pharmaceuticals | 1statements | 00 delivered · 0 revised · 0 delayed | 31 Mar 20271 dated promise | |
| CERACera Sanitaryware | 1statements | 00 delivered · 0 revised · 0 delayed | 31 Mar 20271 dated promise | |
| CMRGREENCMR Green Technologies | 1statements | 00 delivered · 0 revised · 0 delayed | 31 Mar 20271 dated promise | |
| DPABHUSHAND.P. Abhushan | 1statements | 00 delivered · 0 revised · 0 delayed | 31 Mar 20271 dated promise | |
| EMMFORCEEmmforce Autotech | 1statements | 00 delivered · 0 revised · 0 delayed | 31 Mar 20271 dated promise |
The score measures evidenced delivery consistency for captured promises. It does not infer intent, predict returns or replace the linked source documents.
SEARCH THE LEDGER
What management said. What the evidence shows.
Margin guidance
“So, some impact is obviously there on these numbers, basically as we speak. But we would like to, sort of, continue to stick to our, I would say, indication, 15%-16% kind of margin guidance for the full year. And second is on the Multilink acquisition.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Capacity expansion
“We have been seeing a constant growth of 25% to 30% on both these segments. And on the expansion plan, we have already defined that we are coming up with a few more showrooms by FY 2030. So all these expansion plans and all these growth strategies will help us to achieve our top line of INR5,000 crores.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Capacity expansion
“● Completing our capacity expansion ahead of schedule Capacity Expansion: On track for commercial operations from Feb 2027. (existing 7,500 Km → 12,000 Km p.a., +60%) Ongoing incremental capacity additions already happening; new capacity expected to ramp quickly alongside demand Peak capex reference potential of ~700 to 800cr in revenue We are also exploring opportunities in sectors such as railways and defence. Addi”
No later outcome source has been linked yet; this is not evidence of success or failure.
Capacity expansion
“Number one, we secured an additional order from one of the fastest growing two and three- wheeler OEMs for the chassis system for one of their highest-selling models this quarter. The program is expected to generate annual revenue in excess of INR650 million and will be added to our existing brownfield facility in Bangalore, with start of production expected in Q4 of this fiscal year. This win is over and above the e”
No later outcome source has been linked yet; this is not evidence of success or failure.
Operating leverage
“So, as the percentage is increased or value-add, our margins are obviously bound to increase. As we scale up our production, we will get operating leverage. Now, while the second and the third is happening and we’ve already guided, you know that our, this year we will do about 4 lakh tons and then we will do about 20% or whatever this year as far as the value-add is concerned.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Commissioning timeline
“The first phase of 8 lakhs cph hopefully should be up and running by the mid or end of September. The commercial production for this phase also is expected to be live, I think, towards the end of Q3. ACs, we have stated earlier that we have a capacity of 1 million, moving to 1.8 million.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Capacity expansion
“brand business, momentum continued to strengthen with Q1 FY27 revenue reaching INR387 crores. This performance was supported by established facility in Ohio and Arizona, the newly commissioned greenfield facility in North Carolina and the launch of Wamsutta in July '25. We remain firmly on track to achieve our FY27 business revenue target of INR1,500 crores.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Operating leverage
“We reiterate our earlier guidance of approximately 70% to 75% consolidated revenue CAGR over FY25 to FY28, supported by the phased commissioning and ramp-up of Bokaro, alongside continued strategic organic growth across our existing verticals. Over the same period, we expect operating EBITDA and PAT to grow at a CAGR of approximately 40% to 45% and 35% to 40%, respectively, with EBITDA and PAT margins gradually stabi”
No later outcome source has been linked yet; this is not evidence of success or failure.
Operating leverage
“So that's something that we hope to achieve over the next three to four years' time. Ritwik Sheth: Okay, so the journey from say 15, 16% EBITDA margin towards your target of 20%, some part would be operating leverage on the current base. Some part would be the new products that you are launching.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Capacity expansion
“For the full year, we expect this division to deliver growth of about 30% to 35% for the full year, as informed earlier. On the expansion front, Sidwal's greenfield facility of heating, ventilation, air conditioners, pantry, doors, and gangways in Faridabad is now operational, positioning us well for scalable growth and business expansion. Overall, on the margin, let me reiterate, the business continue to face pressu”
No later outcome source has been linked yet; this is not evidence of success or failure.
Market-share ambition
“That's why we see people travel as well as hotel business doing really well stand-alone. And I think that's why overall, there is a bump up and we've gained market share. So we made a comment that we expect our adjusted margins to be 3 0% plus going ahead.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Operating leverage
“RECAP is opening new customer segments and Kanoo is extending our corporate capabilities beyond India. As these factors come together, we expect the operating capacity we have built to support a much larger revenue base, driving operating leverage and rebuilding EBITDA margins towards 20% plus. And as corporate travel normalizes and our growth initiatives scale, we believe the EBITDA margins can progress into the 30%”
No later outcome source has been linked yet; this is not evidence of success or failure.
Operating leverage
“Sunrakshakk Industries India Limited August 17, 2026 Page 4 of 12 This sequential and year-on-year moderation at the consolidated level was largely on account of higher raw material cost amid ongoing geopolitical headwinds, a trend we expect to normalize over the next couple of quarters. PAT margin for the quarter improved to 5.44% from 5.21% in Q1 FY’26, supported by continued scale benefits from the Guwahati facili”
No later outcome source has been linked yet; this is not evidence of success or failure.
Operating leverage
“The recent impact on the profitability is primarily a result of lower revenue against our existing operating cost base. Once the high revenue contributing businesses in which we are currently investing begin to scale and unlock their full potential, we expect the incremental contribution to help us absorb our fixed overhead and improve the operating leverage. As of 30th June 2026, our net worth stood at INR300.4 cror”
No later outcome source has been linked yet; this is not evidence of success or failure.
Operating leverage
“This is an important improvement for us. Acquisition-related depreciation and finance costs under Ind AS continued to impact reported profitability, but with the acquired businesses scaling and operating leverage improving, we expect this impact to be progressively absorbed by the larger operating base. Other income during the quarter includes a one-off benefit of approximately INR5 crores arising from lease modifica”
No later outcome source has been linked yet; this is not evidence of success or failure.
Capacity expansion
“And we intend to open a new international market every 12 to 18 months. And that is the extent of what guidance we are providing in terms of our capex plans, more at a strategic level. And any assumption on the tax rate which you can provide for the financial year, so this quarter we saw just a 20% tax.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Margin guidance
“Our revenue growth guidance of around 20% to 25% remains intact. We also maintain our full year EBITDA margin guidance of about 12% to 14%. We are progressing on projects such as BPCL Bina project, where execution is underway and a significant portion of the project revenue is expected to be recognized during FY27 and also on FY28.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Debt reduction
“Let me assure you guys and it will be supported by the combined cash generation from the EPC, MDO and the rising InvIT distributions. I reiterate that our debt reduction guidance of Rs. 600 to 800 crores that we mentioned at the start of the year is on track and we will achieve that.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Capacity expansion
“At the same time, we also witnessed healthy business growth from TVS Motors, reflecting focus on customer diversification. Coming to capex, as mentioned earlier, our ongoing capex plans are progressing well and remain aligned with future growth requirements and customer commitments. For FY 27, our capex guidance updated to INR 200 to 250 crore, mainly due to new order wins.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Margin guidance
“Garvit Goyal: Sir, your voice is low, sir. So the margin guidance for the year is around 14%. You would see that the first quarter has been generally a quarter where there is cost increase around employee cost and so on.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Operating leverage
“So, we have always mentioned that I think upwards of 24% is what we're ta rgeting for the EBITDA margin this year, and I think going forward, yes, a percentage up or so in few years is expected, but we're not targeting a 28% EBITDA margin anytime soon, even at the consolidated group level. Vedant Kabra: So, sir, if you could like give a quantification on the possible operating leverage, for example, for a hospital li”
No later outcome source has been linked yet; this is not evidence of success or failure.
Margin guidance
“Excluding these impacts, EBITDA margins would have remained within our guided range. Importantly, these are largely transient in nature, and we remain confident of delivering our FY27 growth and margin guidance. PAT margins stood at 12.7% for Q1 FY '27.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Margin guidance
“Kumar Saurabh Congratulations on a good set of numbers, sir. We gave a margin guidance of 11-12% and 15% of sales growth. And now we have done a margin of 9.5%.”
No later outcome source has been linked yet; this is not evidence of success or failure.
Export growth
“And in FY28, how do you see the growth, especially in the API business because EBITDA per ton is much higher? So, it'll be very good to paint a picture for us to say, exports will see this much growth and all this export growth will come at a higher EBITDA per ton. Raju Bista: See, two or three things, as I mentioned earlier as well, in the full year, our volume target is of 11 lakh tons.”
No later outcome source has been linked yet; this is not evidence of success or failure.
HOW TO READ IT
Evidence first, status second.
- 1Capture
Quantified forward-looking statements found in available company concall transcripts.
- 2Track
A status changes only when a later source contains explicit delivery, revision, or delay language.
- 3Verify
Machine-assisted extraction can miss context. Every item links to its source for verification.