Hindalco   On A Firm Footing; Focus On Organic Growth, Deleveraging: Motilal Oswal
The reception desk at Hindalco Ltd. office in Mumbai. (Photo: BloombergQuint).

Hindalco On A Firm Footing; Focus On Organic Growth, Deleveraging: Motilal Oswal

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

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).

Click on the attachment to read the full report:

Motilal Oswal Hindalco Company Update.pdf

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