HIL - Short-Term Margins To Continue Under Pressure: Anand Rathi
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Anand Rathi Report
The ongoing board and panel expansions and the autoclaved aerated concrete block plant acquisition in Odisha will diversify HIL Ltd.'s operations to the East. The new legal entity in the UK will aid in reducing documentation and clearance processes.
HIL has ventured into construction chemicals where revenue is guided to be Rs 3 billion-5 billion in the next three-four years.
It reduced debt by Rs 350 million in Q1 FY23 (Rs 1.2 billion in FY22). The long-term plan to become a $1 billion revenue company by FY26 is intact.
We expect revenue and Ebitda to clock 8% and 7% compound annual growth rates over FY22-24 respectively.
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