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.
ICRA Research Report
With consolidation in the telecom services industry, the tower industry faced tenancy exodus over the FY18-FY20 period.
Thereafter, tenancy levels witnessed steady addition in FY21 and the trend is likely to continue.
Bharti Airtel Ltd. and Reliance Jio have been adding tenancies, while tenancy exits from Vodafone Idea Ltd. have stabilised.
Tenancy ratios are likely to remain around 1.3-1.5 times for the industry.
The receivable position of the industry has stabilised with increase in collection efficiency from Bharat Sanchar Nigam Ltd., post the partial implementation of revival package, and with a steady payment cycle for Vodafone Idea.
With this, the incremental working capital blockage is expected to witness a decline.
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, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
