I think no one’s looking at the ballooning receivables – the company now has Rs. 35 Cr. of receivables outstanding – up from Rs. 25 Cr. last yoy.No wonder the company authorized an increase in authorized share capital
Look at operating cash flows – all of the profits go back into inventory of FG that they maintain at customer’s end. I am not sure if this is healthy in the long run. This is reflecting in the increasing WC debt too whch is up 25 % or so.
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