CRISIL ratings update:
- “Cash accrual, expected at Rs.5-6 crores in fiscal 2023 and 2024 should comfortably cover debt obligations of Rs 0.32 crore and Rs 2.02 crore, respectively. Fund-based limit of Rs 9 crore was utilised 52% on average during the 12 months through Mar’22.”
- Rising raw material costs – biggest threat alongside heavy working capital needs.
- Estimated FCF yield for FY23 and FY24 – 10%
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