Update by the management on the Dalmia acquisition.
https://twitter.com/nigel__dsouza/status/1594573029278814209?s=61&t=nt0WTVJIRaktOMlDpqb1tg
As per the management, on Acquired asset:
At peak can do revenues of ₹1500cr
Margins of 15%-16% by FY24
For RHI
Market share goes to 33%
Peak net debt will be ₹1300cr
Dalmia stake locked in for 6 months
A point of concern is the debt level shoots up for now. From almost a zero debt company to a 1:1 kind of a ratio. Let’s see how this pans out. However, the intention of the management to keep increasing the market share is clear.
Disc: Invested
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