There is some discrepancy in inventory valuation method: the CFO says finished (I presume ‘fixed’ is a typo here) goods are valued at net realisable value while the notes to accounts says it is lower of cost or net realisable value.
As per concall:
As per AR:
In fact he repeats the valuation of FG at NRV later in the concall again.
If it is indeed NRV, the notes to accounts are incorrect to that extent. Also when a company values FG at NRV they are in fact showing profits ahead of actual sales. And the sales may happen at a lower price later. very few companies do this. But if KRBL does this, it would be aggressive accounting.
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