On this pageCommand 13-Wk Forecast Cash Conversion Working Capital Receivables Liquidity & Leverage Toolkit

Cash 360

The treasury cockpit — 13-week cash, EBITDA-to-FCF conversion, working-capital unlock, receivables, liquidity and leverage headroom.

Everest Food Products Pvt. Ltd. · FY25 (Mar'25 · modeled anchor · private co.)

One of India's largest & most-trusted branded-spice makers ("Taste in every grain")

3,500 employees · 4+ plants & units · 80 export markets

▲ Executive read· the answer, then the moves

Liquidity is sound at ₹650 Cr (≈ 12 weeks cover), but ₹27.4 Cr of working capital is trapped in receivables — and far more in seasonal spice inventory. Pull DSO from 28d to 24d to help self-fund steam-sterilization, plant & export capex from a near-net-cash balance sheet (₹280 Cr of headroom to the self-imposed 1.0× discipline).

5 of 5 headline metrics improving vs prior · still off target: Free Cash Flow ₹210 Cr vs ₹300 Cr, Cash Conversion Cycle 72d vs 60d, DSO (Days Sales Outstanding) 28d vs 24d

Do now — ranked by urgency

1
Chilli / turmeric commodity inflation on gross marginAct now
Why it matters
Forward-buy at harvest, premiumize the blend mix, tighten yield & recovery.
What's driving it
Gross margin
Signal: Alert
FYI
Guntur chilli +12%; spice spot prices firm — direct COGS pressure on gross margin.
Act →
2
Leverage headroom 0.7× (net debt 0.3× vs 1× discipline)Act now
Why it matters
Sets capex headroom on a near-net-cash (~0.2×) balance sheet.
What's driving it
Q1 (act)
Signal: Threshold
FYI
Net-debt/EBITDA 0.3× against a self-imposed 1× discipline.
Owner: CFO · Treasury
Act →
3
Unlock ₹27.4 Cr by pulling DSO to the 24d targetWatch
Why it matters
Every day of DSO above 24d ties up working capital; closing the gap releases ≈ ₹27.4 Cr of one-time cash.
What's driving it
DSO 28d vs 24d target
Overdue >60d = ₹18.0 Cr of ₹192 Cr AR
FYI
Normalizing laggard categories to 26d DSO releases ≈ ₹10.9 Cr
Owner: Treasury
Work the overdue book →▤ open the overdue receivables
4
Spice-inventory working capital lengthens the cycleWatch
Why it matters
Procurement discipline & faster farm-to-cash; monetize slow-moving inventory.
What's driving it
Cash Conversion Cycle
Signal: Alert
FYI
Seasonal spice-stock (harvest buying) lifts the cash conversion cycle to ~72 days.
Act →

🌶 Category & brand leadershipStep 6 of 8 · spice-inventory cycle, working capital, leverage◀ Finance 360 Categories & Brands 360 ▶All journeys

🌐 Enterprise 360 modules· on Cash 360Browse all 31 views ▾

✅ Todayyour decision queue 📨 Activity & Digestaudit trail · @mentions 🧭 360 Directoryall views by persona 🗺 Guided Journeyspersona flows · step-by-step 🛰 Control Towercommand center 🎯 Strategy & Goals4 pillars · OKRs 💎 Value Creation Planenterprise value · valuation 🤖 AI Agentsrecommend & act 🌐 Enterprise 360the consolidated pane 📈 Order-Book / Sales 360funnel · forecast 🛰 Market & Industry Intelsignals · growth initiatives 🏛 Company Hierarchyorg · categories · entity 🗂 Org Roll-up 360geography · category · plant 📍 Plant 360plant twin · lines · units 👥 Customer 360accounts · cross-category 🧩 Customer Mastergolden record · MDM 🧾 Order / Tender 360orders by channel 🔄 Order-to-Cash 360order-to-cash cycle 🔁 Organized-channel & Export Contracts 360organized-channel & export book 🔧 Project / Job 360delivery · job margin 👷 Workforce 360plant workforce · utilization 🏷 Categories & Brands 360categories · margin journey 🧩 Transformation 360PMO · workstreams · go-live 🤝 Growth & Capex 360initiatives · capex · ROI 🚪 Value Creationdebt · QoE · EV bridge 🚚 Spice Sourcing & Supply 360spices · spend · risk 💰 Finance 360P&L · categories 💵 Cash 360DSO · AR · treasury 🧬 Ontology & Meshlogical layer · data products ▤ Evidencedrill-to-record · export 🩺 Data Healthfreshness · lineage

↗ Where this connects — act / drill across

▤Evidence· open the overdue-invoice list 🧩Customer Master· term conflicts driving AR 👥Customer 360· DSO by account 🚪Value Creation· net debt & cash path

Liquidity

₹650 Cr

≈ 12 weeks cover

Free cash flow

₹210 Cr

60% EBITDA conversion

Cash conversion cycle

72d

DSO 28 + DIO 78 − DPO 34

Working-capital unlock

₹27.4 Cr

DSO 28→24d target

Exhibit 1

13-week direct cash flow forecast

Net weekly cash (bars) and ending cash (line) vs. ₹60 Cr minimum. Forecast trough: ₹113 Cr.

Above minimum

₹120 Cr

Opening cash

₹704 Cr

13-wk collections

₹677 Cr

13-wk disbursements

₹147 Cr

Closing cash

Exhibit 2

EBITDA → Free cash flow

₹350 Cr EBITDA converts to ₹210 Cr FCF (60%).

Exhibit 3

Cash collected

Monthly, ₹ Cr.

Cash conversion cycle

Working-capital days

DSO — receivables28d

DIO — inventory78d

DPO — payables (offset)(34d)

Cash conversion cycle72d

Where cash is trapped

Working-capital cash unlock

₹10.9 Cr

Normalizing laggard categories to 26-day DSO releases ~₹10.9 Cr one-time.

Pure / Ground Spices (Haldi · Dhania · Jeera)28d

₹3.8 Cr

International & New Formats32d

₹3.7 Cr

Whole Spices30d

₹2.2 Cr

Tikhalal & Kashmirilal (Red Chilli)27d

₹1.2 Cr

Collections

AR aging

Total AR ₹192 Cr

Current days₹108 Cr

1-30 days₹45 Cr

31-60 days₹21 Cr

61-90 days₹11 Cr

90+ days₹7 Cr

Overdue (>60d) = ₹18.0 Cr.

Exhibit 4

Collections priority

Highest DSO first.

Account	Revenue	DSO	Credit risk
Institutional / private-label & CSD	₹180 Cr	38d	Medium
Export importers — US / UK ethnic retail	₹135 Cr	36d	Medium
Reliance Retail (Smart / Fresh)	₹140 Cr	35d	Low
Export importers — Gulf & SE Asia	₹190 Cr	34d	Medium
DMart (Avenue Supermarts)	₹165 Cr	32d	Low
Food-service / HoReCa & cloud kitchens	₹150 Cr	30d	Low
GT distributors (North & East)	₹530 Cr	28d	Medium

Exhibit 5

Supplier DPO

Working-capital lever.

Supplier	Spend	DPO	OTIF	Risk
Red chilli — Guntur / Byadgi growers & mandis	₹520 Cr	22d	90%	High
Turmeric — Erode / Nizamabad mandis	₹300 Cr	24d	92%	Medium
Cumin & coriander — Unjha (Gujarat) / Rajasthan	₹280 Cr	26d	91%	Medium
Packaging laminates, cartons & pouches	₹220 Cr	58d	93%	Low
Black pepper & cardamom — Kerala / Karnataka	₹180 Cr	28d	89%	Medium
Co-packers, cold storage & logistics	₹150 Cr	52d	90%	Medium