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 Securities Report
Greenply Industries Ltd.’s intensified focus on cash collection (post Covid-19) is likely to drive considerable balance sheet strengthening over the next two years.
Post Covid-19 outbreak, the company’s stricter control on its receivables (which may continue in near term) is likely to result in strong cashflow generation in FY21/FY22.
The consequent debt reduction to the tune of Rs 1.45 billion (amid muted capex) and its sustained focus on outsourcing can push its return on capital employed higher to 20% plus by FY22E.
While Gabon business may gain traction post the recent expansion and its increasing Europe penetration, its standalone plywood business is expected to report meaningful volume and margin recovery post Q3 FY21.
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