Last three Quarters `Preformatted the EBIDTA for Ambika is down vs their historic 20 %. Working capital interest cost has increased 3 times vs last Dec though they have so much money in FDs. Promoters are not finding use of the cash, they are not expanding or buying. It is good though 1large portion of electricity is now with the wind.
Hope this compression in EBIDTA is due to the high-cost inventory of cotton that they carry not because of loss of margins for good.
Disc: Invested since 2017 here