Just started reading about this company and seems lucrative given the market size, and the company size and the Mahindra group. They even bought tech (and existing clients for express) from rivigo at steal prices.
I will go through its last few con calls but trying my luck here on this thread if I can get my answers?
- Why is depreciation so high? Does it include rentals or is the money available with company and can be used to repay debt? And the entry is just an accounting standard?
If yes, it’s great else servicing such a huge debt seems difficult. Anybody has any insights on the debt serviceability?
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