The overall borrowing as on 31st Mar 2022 was 1777 crores. The Cash Flow from Operating Activities in 2022 was 911 crores. So assuming that Laurus would be able to grow earnings at around 25% CAGR, it would take 1.5 years of earnings to repay complete borrowings provided it would not take any new debt. The thing with fast growing capex intensive companies is that you need funds to grow topline, and that fund would either be equity or debt (rarely it would be completely from internal accruals).
Cheers,
Krishna
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