As per my friend, approx. 50 cr is lying in liquid funds as on date of the AGM. Rest, cash is being used to buy at cash discount from suppliers and hence lower creditors and higher inventory, plan is to free up cash from this source as and when needed for eapansion. Also, cash will be generated by giving some cash discount to buyers and lower receivables. Both the above put together will be used for expansion as and when needed. Around 80-100 free odd cr of free cash is expected to be generated in current fy. Any shortfall to the tune of 50-60 cr will be pumped in by the promoter himself. The promoter is very clear about not taking any debt or raising equity from outside. Won't do rights issue too.
Please validate from your end, no onus.
IMO, WC mix will change for the good and hit margins by a bit. Also, we need to keep in mind whether 300 cr is just capital investment or also includes WC for expanded capacities.