Punjab Chemicals

Hi,

I think we should compare CFO with EBITDA and PAT (and not sales) to understand cash generating abilities of a company.

FY18-22 period:
Cumulative CFO ~ 240 cr.
Cumulative EBITDA ~ 389 cr.
Cumulative PAT ~ 177 cr.
CFO / EBITDA ~ 0.62x
CFO / PAT ~ 1.36x

Punjab has actually been generating much higher cashflows vs its peers. You can go through the posts mentioned below to understand this in more details.

Please let me know if you need any clarifications.