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.