#Shankara Building Products.Annual Report for 2024 shows a significant increase in trade receivables outstanding for a period greater than one year, which has risen from Rs 6.76 crores to Rs 17.92 crores in FY 24.
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Even though trade receivables over 6 month is a key factor, but in this case the annual sale is 4800Cr. So compared to this, 18Cr is very small.
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Last year profit was 81 crore. Trade receivables over 6 months is 38 crore and above 1 year is 18 crore. I would be concerned about my business model if I were the retailer selling on credit.
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