The acquisition of Aleris at an attractive valuation is an important milestone in HNDL’s journey —overseas downstream operations’ foothold in the aerospace segment would complement its global leadership in the auto segm
APSEZ remains vulnerable to forex risk and up-fronting of losses would hit P&L in the near term, but the exposure is positive up to 100USD/INR considering cost savings in absence of hedging, making forex risk manageable.
Our consumer durables coverage universe has jumped 34% YoY over the past 12 months (64% outperformance to the Sensex) and we reiterate our rising consolidation and accelerating cash flows/returns thesis — 33% CAGR over FY18
Crompton conducted a successful test-run of its go-to-market (GTM) strategy in select states such as Maharashtra, Gujarat and Chhattisgarh, where results are encouraging with higher growth for those dealers.
LTTS’ confidence in achieving its 20% growth target is anchored by strong $1 billion plus deal pipeline spread uniformly across businesses. Management is focusing on deriving bulk of the growth from top-30 clients.