Q4 and FY19 Investor Presentation
5
Reduction in cash conversation cycle despite heavy procurement
#Based on standalone financials
(in Crores)
Q4 and FY19 Investor Presentation
-Inventory
-Net Debt
3,129
2,462
1,417
1,289
1,424
1,176
220
0
H1FY18
H2FY18
H1FY19*
H2FY19
-Days Receivable
-Days Payable
-Inventory Days
305
288
275
KRBLLimited
Net debt starts rising with the
commencement of procurement
of paddy in H2 every year and
becomes insignificantly low by
end of H1 of the next financial
year. This is a cyclical
phenomenon which results in
near zero debt at the end of H1
every year for the company. The
Inventory days follows the above
trend.
28
Payable days has at 17 days in
H2FY19 as compared to 16 days
in H2FY18.
Receivable days at 28 days in
H2FY19.
255
28
29
28
23
16
17
H1FY18
11
H1FY19
H2FY19
*
H2FY18
As on Sep'18, KRBL is at zero debt with cash surplus of INR 107cr.
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