HFCL - Undertaking An Ambitious Business Pivot: ICICI Securities Initiates Coverage

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. We believe HFCL Ltd. is well poised to grow at a healthy pace given the opportunities in-optical fibre/optical fibre cables, telecom and networking, defence, railways and security and surveillance segments. Management maintains revenue growth outlook of 15-20% for FY22 and similar growth outlook for the medium term. Further, HFCL is changing its product mix by adding more revenue from product segments, which will strengthen its margin and reduce working capital intensity. The company targets 45% revenue from product sales during FY22, which will increase to 60% in next two to three years and correspondingly reduce revenue proportion from turnkey projects. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

HFCL - Undertaking An Ambitious Business Pivot: ICICI Securities Initiates Coverage

HFCL - Undertaking An Ambitious Business Pivot: ICICI Securities Initiates Coverage

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