Hindalco On A Firm Footing; Focus On Organic Growth, Deleveraging: Motilal Oswal
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Motilal Oswal Report
In its virtual analyst meet on February 22, Hindalco Industreis Ltd. laid out its strategy and capital allocation roadmap for the next five years.
While no new capex plans were announced, the focus remains on growing the downstream business in India and deleveraging the balance sheet, supported by strong cash flows in both India and Novelis.
Net debt/Ebitda is targeted to fall to 2.5 times by March 2022 (from the peak of 3.8 times in June 2020).
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