In today’s briefing:
- Shankara Building Products: Updated Forensic Analysis
Shankara Building Products: Updated Forensic Analysis
- Shankara Building Products L (SHANKARA IN) is seeing a healthy topline growth in the last three years but this is accompanied with margin contractions.
- As far as the forensics are concerned, the company does not have grave auditor red flags like earlier but there are still some eye-catching checks.
- Caution must be given to the finance costs of the company which look on a higher side vis-a-vis the borrowings. Moreover, inadequate provisioning might also expose out some receivables.
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