Tega Industries targets lower debt as Molycop lifts growth outlook
In short
Tega Industries said it wants to cut net debt to about three times EBITDA over the next four to five years. Apollo Global has invested ₹95 crore through a preferential issue, and Tega expects the Molycop deal to help earnings in FY27.
This matters because lower debt and the Molycop deal could improve the company’s finances. The reporting does not say the current debt number or how big the benefits will be.
What the reporting says
Tega Industries said it plans to reduce net debt to around three times EBITDA over the next four to five years, while Apollo Global invested ₹95 crore through a preferential issue at a premium to market price. The company also said the Molycop acquisition is expected to become EPS accretive in FY27 and bring synergy benefits over the next two years. What remains unclear is the exact debt level today and the size of the full integration gains.
Why it matters
Tega Industries outlined a plan to bring net debt down to around three times EBITDA over four to five years. Apollo Global has invested ₹95 crore through a preferential issue at a premium, and Tega expects the Molycop acquisition to turn EPS accretive in FY27 with synergy benefits over the next two years. The update ties financing and acquisition gains to the company’s medium-term outlook, but current debt details are not stated.