Figures for FY19, FY18, FY17 respectively
PBT: 147.8cr, 119cr, 18.3cr
Tax from P&L: 20cr (13.5%), 32cr(27%), -6cr
Tax paid from CF: 27.3cr, 12.9cr, 16.7cr
Tax payout is on lower side.
Provision for doubtful debt + bad debt:
FY17 - 30cr
FY18 - 17.5cr
FY19 - 46.5cr
A total of 94cr bad debt in last 3 years looks very very high. In-fact its 45% of Net profit made in last 3 years