Thanks for sharing the video. Agreed that receivable have been collected. But at any given point in time it exposes the cash conversion cycle to get stretched, since the payment from customer is on milestone basis. It can lead to rise in short term working capital loans. If you are aware same problem had happened to Prime Focus. Their receivables used to be high. And in such a situation if by any chance there is a dispute with the client on quality of work or timely completion of work then there is a risk of company having to write off these recievables.
Just wanted to highlight that. So its a high risk high reward bet. Thanks.
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