Company A is Page Industry, Company B is Suzlon and Company C is Opto Cicuit. So CFO/PBDIT Ratio for Page industry also appear very mediocare at around 40% if we take FY11-FY14 period. Not that free cash are not important, but isolated ratio would give incomplete picture. That is the limited point.
Thanks Vardha for raising valid concern which resulted some more number crunching and conviction in process.
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