BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Marred by its India operation, Greenply Industries Ltd.'s Q1 was weak. Against 50% utilisation in India, Gabon operated at a higher 80% in Q1.
Gabon's FY21 revenue is likely to be closer to the FY20 level. Gradual recovery is expected in India in FY21 and a bounce back only in FY22 on improved consumer sentiment for home renovation/purchases.
Thus, on backward integration and tight cost control, Greenply expects an ambitious 400 basis point margin expansion and debt-free status by FY23
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 brokerage 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.
