Company does not require much Capex as evident from last 5 year data (Net block addition is just 5 Cr ) so unable to understand some points regarding CSR and Dividends.
No investments in any debt funds or liquid funds rather 27 Cr in Bank deposits as on March 2017 which gave 1.48 Cr as interest income (5.5% Yield) as per AR 2017.
Can we get any information about their clients
Some excerpts from AR 2017:
Amount spent on CSR for the financial years is NIL (Reason : Company needs to plough back funds for business expenditure). Seriously i do not see this reason justifiable as company has already good amount of cash for working operations.
No dividends despite being debt free and cash rich company .
Around 25 Cr of goods purchased from related party.
1.68 Cr of additional payments to Holding Company and subsidiaries for Royalty , Fixed asset purchase or as Professional fees (13% of Net Profits).
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