[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  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  **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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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
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