Mosaic India: Modest margins but strong financials – 10 Nov 2021

Mosaic India has the support of its parent company, and therefore on a strong wicket

The company's operating profitability is expected to remain modest however due to the trading nature of operations. Nevertheless, the liquidity position of the company remains healthy, given the high financial flexibility due to the demonstrated support from the parent in the form of extended credit periods at market linked interest rates, significant un-encumbered cash balances and large unutilised bank limits backed by corporate guarantee/letter of comfort from the parent