Aarti Industries Q4 Review - Aggressive Growth Plans Priced In: Prabhudas Lilladher
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Aarti Industries Q4 Review - Aggressive Growth Plans Priced In: Prabhudas Lilladher

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

We change our FY22/23 estimates for Aarti Industries Ltd. as we incorporate final bullet payment of $80 million in FY22E, against earlier FY23E.

The company expects revenue growth to track capex intensity over FY22-24E.

Growth trajectory will likely improve with pickup in economic activities and recovery in discretionary spends (textiles, autos, aerospace, etc.; ~40% of the company’s revenues).

The company has been creating new capacities and plans to target import substitution opportunities along with scale up export markets.

Click on the attachment to read the full report:

Prabhudas Lilladher Aarti Industries Q4FY21 Result Update.pdf

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