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.
Prabhudas Lilladher Report
Hindalco Industries Ltd. hosted analyst meet to explain its capital allocation policy for next five years.
Management reiterated its two-pronged strategy to focus on downstream capacity expansion in India and debt reduction in Novelis.
Strong demand across product segments (except aerospace) and tight supplies would help Novelis' margins to sustain within management's guided range of $480-500/tonne despite headwinds on scrap spreads.
Debt gearing would come down significantly over next couple of years on back of stable earnings and lean capex
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.
