Hey @lovekesh_thakur
I am assuming you are from IT background… so asking you to checkout this – Search | LinkedIn (Kodylabs employees).

Just have a look at 5-6 profiles of their employees – do you think it is great? Isn’t the skills of people here average too? In fact their co-founder Manav Patel is having only 8 years of experience compared to the leadership team of Ksolves all of them have 15+ years of IT experience. In fact, employees in Ksolves have better technical skills.

I am not vouching in favour of Ksolves, but asking you again… what makes you think they are doing average development? What is the benchmark here?

. lssuance of Convertible Equity Share warrants also a good sign.
issuing warrants worth 14crs at an exercise price of 365.

OCF = NI + D&A – NWC where NI is net income, D&A is deprecation and amortization and NWC is net working capital.

Check the depreciation, amortization and net capex. I think in case of Guj Themis, over the years, capex would have been higher.

Hello fellow investors,

I have been reading this forum for last few days and I find it highly insightful going through the various topics. This is my first post here and I hope to be a regular contributor going forward.

I have a question on Gujarat Themis Biosyn. I was going through the financials of the company and found it clearing all boxes in terms of sales growth, profits, ROCE, ROE, D/E ratio, etc. Company has given very good results over the last 10 years of its journey.

I am however finding it difficult to grasp the difference between the Net Profit and CFO over the last 10 years. Particularly, Cumulative CFO over 10 years (Rs. 111 Crores) has been way less than Cumulative Net Profits (Rs. 184 Crores). Company is debt free since last 3-4 years.

Can someone throw light as I understand the CFO should be higher than Net Profits?

Thanks in advance.
Havneet