The company had net debt of Rs 29.8bn as on Sep ‘20, of which ~Rs 22bn pertains to pharma business. We estimate consolidated revenue, Ebitda and PAT CAGRs of 6.6, 7.0 and 8.6% over FY20-FY23E, respectively. H1FY21 was imp
NHPC, the largest hydroelectric power generation company in India, has 7GW operational capacity split 98%/2% in favour of hydro/renewables, making it the largest ‘completely green’ power generating company in India.
The same gives us comfort to lower our credit cost assumption for FY22E to 1.7% vs 2.2% in FY21E (still higher than the 10-year historical average of 1.4%). Bringing the culture of ‘ownership’. KVB will roll out new perfo