Management guidance tracker for Indian stocks Years of earnings calls and financials, explained in minutes.

1,004 of 1,648 Indian companies have quietly dropped a target they gave shareholders. Is one of yours among them?

No company announces a dropped target. It stops coming up on the call. We read every transcript so you see the quarter it disappears.

Today’s example · real company

What KEC International Limited said, and what became of it

16 targets tracked over 6 quarters · 33% of judged targets kept.

KEC International Limited· Construction

Net Debt Q1 FY26: around ₹4,500 crores by year-end FY26 Q4 FY26: Reported year-end net debt of ₹6,722 crores, missing both the original target of ₹4,500 crores and the revised 'safe number' of ₹5,500 crores.
Missed
Capex Q4 FY26: around ₹400 crores for FY27 Q4 FY26: Capex for FY27 targeted at ₹400 crores.
New
Railway Legacy Project Cleanup Q2 FY25: complete almost all of our old projects by March 2025 Q4 FY25: Management stated the segment has 'bottomed out' and the current order book is more profitable, implying legacy drag is over.
Achieved

13 more targets on KEC International Limited’s record.

How to read this

Verdicts reflect the calls Inve analysed.A company may have said more elsewhere; each row shows the calls it is based on.
“Delayed” is a change of date.It records that a later call moved the deadline. It is not an outcome and not a judgement on the company.
Silence is not withdrawal.In the US, silence before a target is due does not mark it “went quiet”; later treatment also depends on earlier updates and transcript coverage. For Indian targets, the comparison instructions reserve “went quiet” for deadlines near or past.
Original and latest wording.Read the original wording beside the latest analysed call's statement in separate columns.

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