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![viceroyresearch Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::812145753338548224.png) Viceroy [@viceroyresearch](/creator/twitter/viceroyresearch) on x 46.3K followers
Created: 2025-07-21 03:53:03 UTC

If $HZL's dividend remains the same as last year, we estimate HZL will incur an annual FCF shortfall of at least ₹5,000 crore ($580m) and must be funded by moredebt.

Disclosures suggest $HZL incurred ₹2,000 crore ($232m) of new debt in Q1 FY26. 5/


XXX engagements

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**Related Topics**
[debt](/topic/debt)
[$232m](/topic/$232m)
[$hzl](/topic/$hzl)
[$580m](/topic/$580m)
[$hzls](/topic/$hzls)

[Post Link](https://x.com/viceroyresearch/status/1947142755555143766)

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viceroyresearch Avatar Viceroy @viceroyresearch on x 46.3K followers Created: 2025-07-21 03:53:03 UTC

If $HZL's dividend remains the same as last year, we estimate HZL will incur an annual FCF shortfall of at least ₹5,000 crore ($580m) and must be funded by moredebt.

Disclosures suggest $HZL incurred ₹2,000 crore ($232m) of new debt in Q1 FY26. 5/

XXX engagements

Engagements Line Chart

Related Topics debt $232m $hzl $580m $hzls

Post Link

post/tweet::1947142755555143766
/post/tweet::1947142755555143766