declaration of default of 44 Cr of interest payment today
Total financial indebtedness of Listed Entity
including Short Term and Long Term Debt (1+2) have reduced if we check their last notification just before previous quarter results. This will go on.
Now stock is almost double from its 52 week low is it just occuring because of changing in company internal restructuring towards prioritising profit and reduction in debt or is it because of coffee production are coming good from other countries like brazil, vitenam and thereby reducing coffee price?
2 Likes
Yes, they are closing their stores which are not profitable to clear debt.
coffee machines sold count did increased this time.
lastly dolly khanna also bought fresh stake.
P.S. - Invested, views can be biased. Do your own due diligence.
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Here is the latest Ratings Update from ICRA
How to ‘READ’ this in the current context of the company?
Have taken just1 % exposure
dr.vikas
They are working from 4-5 years on reducing the borrowing, which have reduced from 7K CR to 1.3K cr.
When they can come from that big number to this. I assume from past record the remaining will also be decreased. But the pace will be slower if they continue to reduce it from ongoing profit since their Fixed Asset has also reduced during reduction of debt journey.
Still the reserves is double to that of borrowing.
Lets see how things turnaround in next 1 year. As they are in restructuring process.
P.S. - I understand ICRA mentioned DEBT is including in this.
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Hi,
WHat are the current business lines here. And what is expected future in these lines.
What are the auditor concerns and what is management response on them.
Thanks in advance.
Just tracking this.
Wanted to know what this exactly means?
C3CC0B3B_A19C_4245_BEC2_2CD8A8CBB360_180729.pdf (1003.9 KB)
Please, can someone throw some light on this?
semi good news, shares can no longer be liquidated by the lender (these shares)