Can you make your observation more clear as to what aspect of operating cashflow are you referring to. As long as receivables and inventories are under concern, that’s a normal trend in the industry as end users are mostly farmers.
One concern is Receivables as a percentage of Sales. That is slightly on a higher side for Best Agrolife. I might be biased, but as the company is in a super-growth rate phase, this is acceptable. As per my observation with PI industries and some other peers, it was in a similar trend when they were in their supergrowth phase.
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