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ICICI Direct Report
In its virtual investor event, Apollo Tyres Ltd. outlined Vision 2026 targets for key performance parameters. It includes:
Revenues of $5 billion
Ebitda margins in excess of 15%
Pre-tax return on capital employed of 12-15%
Less than two times net debt to Ebitda.
It reiterated its intent of sweating of assets in the near term, de-leveraging balance sheet, augmenting capital efficiency and calibrated capex spend.
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