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 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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