Couple of Observations
a. The audit fees are increasing heavily over the last few years. Below is the extract from past few years ARs. Will need to see audit fees for FY22 when AR gets published.
Audit fees- 2018- 4 Lakh, 2019- 5Lakh, 2020- 8Lakh, 2021- 22Lakh
b. CFO to PAT conversion from 2011 onwards for standalone entity
| Year | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAT | 2 | 3 | 4 | 4 | 5 | 5 | 8 | 11 | 21 | 29 | 31 | 45 | 168 |
| CFO | 0 | 0 | 0 | 3 | 9 | 9 | 0 | 12 | -4 | -34 | 83 | 1 | 79 |
c. Approx 60 percent amount is in inventories and trade receivables e.g. for FY22 Trade Receivables-195Cr and Inventories-110Cr
Would like to seek views from fellow members on the above.