Increasing rural electrification and positive farm sentiment to boost demand for agricultural pumps: CRISIL

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Higher volume-driven growth and stabilising input prices will lead to operating margins rising up to 100 basis points to 11-12% this fiscal, and improve cash accruals. That, along with steady working capital levels and moderate capex spending needs will ensure debt remains at levels similar to last fiscal, supporting stable credit profiles.

from Agriculture-Economy-News-Economic Times https://ift.tt/17U6k8n

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