Aarti Industries plans capex worth Rs 3,000 crore over next two years (2023)
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- Aarti Industries plans capex worth Rs 3,000 crore over next two years (2023)
- Specialty Chemicals manufacturer Aarti Industries is planning a capex of Rs 3,000 crore over the next two years, which it plans to fund via both internal accruals and debt.
- The capex will help the company add new value-added products to its portfolio that will aid the company's EBITDA margin going forward.
- The company's operating profit or EBITDA is likely to grow by a compounded annual growth rate (CAGR) of 25 percent over the next two years.
- Notably, HDFC Securities had maintained its ‘buy’ recommendation on Aarti Industries with a price target of Rs 851 per share, citing its capex plans. “The company’s constant focus on capex and R&D will enable it to remain competitive and expand its customer base
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