Yes, the management gave couple of reasons for both receivables and inventory days. They have answered this in the concall at length. Please refer the below video. The CFO/EBIDTA ratio is still better than most pharma companies.
Caplin Point Laboratories Ltd Q2 FY24 Earnings Concall
Disc : Invested at lower levels and biased.
Note: Skip to 21:00 to hear the question and answer
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