Prakash has come up with Q4 results. One thing worth calling out is the robust cash flow of over 500 Cr. (While market cap is around 1,100 Cr.)
What surprises me is – They have purchased fixed assets worth – 458 Cr. during last FY. Which is three times the fixed assets purchased during FY previous to it. But they have not mentioned anything apart from Coal mine approval in the press release. Is there a royalty they might have to already be paying to Govt for Coal mine and Iron ore mine?
Btw, Ved Prakash ji is purchasing about 20,000 shares per day for last 3 days…
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