Latest numbers show two years of negative cash flows from ops. 60 and 90 crores negative in march 22 and march 23 respectively. These are mostly on account of a spurt in receivables and inventory. Of-course these are expected to rise when sales go up. Now my problem is this – from march 2022 and march 2023 sales falls about 100 crores but receivables still keeps rising. If I am not selling the same amount should’nt my inventory and receivables get moderated? I’m seeing inventory has come down but receivables does the opposite. Why? Are they having some disputed collections issues? Can someone throw some light on this?
Thanks.
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