The main concern is that profits are falling and debt is increasing. Gross Debt is around Rs 4077 Cr as on 30.09.2023 and the Company has further onboarded on CAPEX of around Rs 3000 Cr for TAN and Nitric Acid which would further add debt of around Rs 2000 Cr in next 1-2 years. Company seems to be moving aggresively with leverage…
Disclosure : Tracking position
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