A good article to know about Arjas steel’s business and both past as well as expected revenue:
Arjas’s PnL synopsis from a rating agency’s report dated May 31, 2024 (link):
@yogansh:
1- Would appreciate if you could share your views on how the Arjas acquisition by Sandur changes the profitability more than sum of the parts. IMO, paid amount seems to be slightly above par (from EV/EBITDA perspective) when compared to Tata Steel and JSW Steel.
2- How the balanc sheet will evolve post acquisition? I see they intend to do a QIP of 1000 Cr. ; proposed NCD of 450Cr. ; and Proposed Term Loan of 1200Cr.
| Subscribe To Our Free Newsletter |
