BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Allcargo Logistics Ltd.'s posted an impressive Q4 FY21 Ebitda of Rs 2.2 billion (our estimate: Rs 1.7 billion).
Turnaround in Gati (subsidiary of Allcargo Logistics) operations can accrue significant value to the company.
The management appears to be on the right track in Gati to-
delever through divestment of non-core assets and
bring about operational improvements to increase ‘express' segment Ebitda to 12% in the next three to five quarters.
Multimodal transport operation business earnings continues to surprise, yet buildup in receivables has led to increase in net debt half-on-half.
Project and equipment segment has again reported Ebit loss – cashflow highlights Rs 161 million of provision for doubtful debts/advances in H2 FY21.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
