STALWART PEOPLE SERVICES INDIA LIMITED

Base case

• The company maintains its current growth trajectory in revenue and profitability.

  The company has shown consistent revenue growth, with a 34.27% increase in Fiscal 2024 and a 61.90% increase in Fiscal 2025.

• The company continues to service its existing client base effectively.

  The company has a diverse customer base, with top 10 customers contributing 35.67% of total revenue.

• The company manages its working capital requirements without significant disruptions.

  The company has significant working capital needs, and effective management is crucial for ongoing operations.