Our target is 15% to 20% EPS growth on a consistent basis: Anish Shah, Mahindra Group
«The next three years will be continued success for the auto business. It is positioned very well right now. We have got multiple products over the last three to four years that have been huge successes and it is really the DNA of the company that is showing in terms of its success,» says Anish Shah, Group CEO & MD, Mahindra Group.
Shareholders are happy, management is happy, stock at an all-time high, profits at an all-time high. What you promised when you took over, you have delivered on all count. I am sure that must be a great feeling.
That is a great feeling and I would give a lot of credit to all our teams. They worked extremely hard. Across the businesses, we are seeing a very high level of performance and that is credit to every single member of the team.
Your numbers are looking strong, demand is strong. How much would you say is largely because of the internal changes which you have done at return on equity level, at return on capital level, in terms of operational efficiencies kicking in, that is what management can do. The second lever is the natural tailwind of demand and what is happening in the automobile market. What has helped you more — the natural tailwind of demand or internal measures?
I would say that the internal measures have had a much bigger role to play because as we have seen overall the auto industry is not growing at a very rapid pace and we have been far outpacing. But it is not just auto. Our performance is driven by a large number of companies besides auto. Farm has shown a
