Excellent work on the inventory data. If the international prices firm up the debt level of Balrampur , dhampur , dalmia , dwarikesh will come down well. ( in the balrampur conf call they said its possible to export the excess inventory with govt help. Modi govt has promised help in clearing the excess inventory through exports. It has been done before .)
These 4 companies have two more similarities.
• The ‘cash profits’ they make even while posting net losses should be looked at. For eg Dwarikesh posted 20 cr cash profit both in 2013 and 2015. This cash profit is probably due to the high depreciation amount they carry on the books.
• They have paid dividends in the good times(05-06). Balrampur and dwarikesh with high payouts.
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