Thread by @SmartSyncServ

Online screeners have made life easy for us.

Thanks to them, we have so much info available freely.

Numbers, though, do not tell you the whole story.

And if you base your decision only on the numbers shared on the screener, you run the risk of missing imp points.

Read on!

If you looked at the shared image, you will dismiss the business thinking debt is huge & reserve is negative.

You will probably say: “It is a business that should not be even looked at.”

A good question to ask: Why did that happen?

Ans: Ind AS 115 & Ind AS 116

~Reserves is “Negative“ due to transition difference

~Borrowing = Lease Liabilities + HCRO (foreign debt @ 3.5%)

~Lease liabilities on the liability side match with the Lease assets on the asset side

~High cash flows but cannot do Div/Buyback

Please attend our webinar on MHRIL, where we will explain the above concepts in detail.

Disclaimer: Not a recommendation to Buy

NOTE: WEBINAR IS FREE FOR MISSION SMILE MEMBERS

Link: pages.razorpay.com/finvents-mhril