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.
Motilal Oswal Report
JSW Steel Ltd.’s FY21 Annual Report highlights the company’s objective to continue to pursue growth in both volumes and .
Furthermore, the announcement of the 7.5 million tonnes per annum capacity expansion at Vijayanagar – coupled with the acquisition of Bhushan Power and Steel Ltd. and the completion of the 5 million tonnes per annum Dolvi expansion – indicates JSW Steel management’s focus to grow its market share and the comfort to manage its cash flows and leverage.
While debt would stay elevated in FY22 despite the strong steel prices and margins, we don’t see that as a worry given the expected strong growth in volumes and cash flows led by expansions.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR