Feel the same. Last time the management faced crisis due to increased WC requirements, High receivable days, Unable to convert PAT into CASH , High debt etc… . Are those lessons learnt and is the management prudent in accepting only orders that meet their criteria.
Since the promotor holding is very low do the management have any other business related or otherwise.
I see the people looking only into the macros and the order book value. No doubt the company is present in a sector which has very huge requirements but for EPC companies more that the order book the execution of those orders in a profitable way is more important.
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