The answer was pretty clear: There will be cash flow issues in the future too since payments are on a weak wicket due to exposure to Govt in infra lighting space.The major point was that being a 170 cr company,they can still take on orders as large as 100 cr at one go.A huge rock on a light boat rocks the ship & can sink it,just like a heavy order for a co. of Focus’ size can.So,the promoter said while OCF could remain in bad shape,they will be able to manage WC in a way that it doesn’t sink the company & thus gain higher scale in the process.
Disc.: Invested.
| Subscribe To Our Free Newsletter |
