Order book is static and dependent on Government, Promoters are not in a position to give guideline for more than one quarter neither for sales nor for order book.
Recievables have increased to more than Rs 1000 Cr . Capital raised for CAPEX seems to have been utilised for woking capital. Goverment will never allow any entity to make disproportionate profit and hence in all probability and hence there will be revision in pricing once the term tenure of current tender expires.
Management had been maintaining that the current capacity is sufficient for 500000 Pumps, current utilisation is far less …so not able to understand why we need additional CAPEX.
Disclosure: fully exited some time back.
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