Even I Beleive Results are Good
Some Positive things:
- Margins are back to 12.5% odd levels from 11.7%
- OCF turns positive; small +ve of 4 cr but still can boost sentiments (Big +ve)
- Debt, Int. & Dep are somewhat stabilize in this Q (all thanks to OCF started improving)
- WC has started to improve QoQ
- Management is walking the talk now
Only Negative:
- Dividend… they should have wait for a quarter or two… as from dividend money they can reduce debt clearly
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