One thing to keep in mind is cash requirements for holding inventory reduces significantly in Q2 of a fiscal year, and then goes up in March quarter. This has been the trend over years. Below is net cash data on half yearly basis for KRBL.
This being said, KRBL has indeed scaled up very well and funded most of their inventory through internal accruals, which is a rarity in this industry.
Disclosure: Not invested (no transactions in last-30 days)
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