Скачать или смотреть Apollo Micro Systems - House of cards?

Apollo Micro Systems is currently evolving from a component manufacturer into a major systems integrator within India’s high-growth defence and aerospace sectors. While the company boasts a massive order book and impressive revenue surges, its financial structure is akin to a cyclist who must keep pedalling at high speed just to keep their headlights on. The "working capital" is the friction of the road slowing them down, and "promoter pledging" is a battery they’ve borrowed that only works as long as they stay above a certain speed. If they hit a small bump (a payment delay or market dip) and slow down, the battery fails, the lights go out, and they are likely to crash because they can no longer see the road or maintain their balance. Is it a classic example of growth at any price?