Hi Shankar,
Given with Zoyer coming in a big way, H2:H1 skewness will reduce.
Also, WC. –
Propel is largely real time. You buy at one end and sell at other and money is received in advance (mostly). They keep some voucher in inventory if they get extra discounts at year end.
Debtor days
Software fees Is 30-60 days.
Program fees is 30-45 days.
Payables – usual payables.
Inventory – hardly any
But I think, WC shouldn’t be of much concern here. Corporates and banks both will pay as per schedules.
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