Please find my responses to the same:
- The company is right now not in carbon credit trading. However, they have plans of. For now in consulting they take projects wherein a data centre or real estate or something similar is being planned. They undertake study of the same to ensure that they secure environment clearance and other compliances needed to deliver these projects. Also, assignments are undertaken for reducing carbon emissions or Zero Discharge from such setups. Other types of consulting assignment are more of annuity nature where a company (say a chemical factory or hotel, etc.) want to stay compliant wherein TSL governs it for the same and provides improvement roadmaps.
Any need for implementation from above type of consulting assignments would be a project under their Technology division.
Their research is basically to support both Consulting and Technology projects. - Till date they never had receivables writeoffs. There are couple of ligitations ongoing for receivables. However, they have recovered all their receivables in the past. Also, these being small ticket items there is not much delay from government. However, when they scale up to big ticket projects specifically in Technology segment where they do carry some inventory too, there might be risks of receivables in the future. Due to this company wants consulting to be a large part of their revenues; it is 65% already. Also, as they diversify to GCC and US, it would further mitigate these local government related risks.
Disclosure: Invested. Please do your own due diligence.
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