Hello Harsh,
I went through the annual report and have the below query on their declining operating profit.
26,427.74 in FY21-22 against 40,419.30 in FY20-21
This is despite an increase in the revenue. Can we attribute to the lower profit only to increase in raw-material cost (feed, packaging, logistics) which they are not able to completely transfer it to the farmers who are their main customers?
Also I could see a huge negative inventory affecting its operating cash flow. This is contradictory to their statement that despite COVID challenges, the sales has increased. If so, why this unsold inventory?
(40,133.52) in FY21-22 against 5,702.52 in FY20-21
Disc: have a small tracking position and planning to add more once the price bottoms out and start an upward trend
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