Ruchi Soya with revenue of 12000 Cr is leading FMCG brand in India. I was looking at it's balance sheet and noticed that long term debt has gone to 1800 Cr in 09 vs 1000 cr in 2006.
Interestingly cash and bank balances has gone from 600 cr to 1100 cr in same period.
It's interesting to see that company is borrowing more money while keeping high bank balance . Are the making more in interest income or debt is too cheap ?
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