Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

High Yield Experts

Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

Credit

<p><br/> In our view, JSW's Q4/22-23 results were better than expected, with much higher sequential earnings due to increased steel prices and a rise in volumes. The financial risk profile deteriorated from FYE 2021-22, but has improved since end-December 2022. Net Debt/EBITDA was high at 3.2x at end-March 2023, but management has guided for an improvement in steel prices and earnings in the future. Liquidity is weak, given the high capex requirement.<br/></p>

  In our view, JSW's Q4/22-23 results were better than expected, with much higher sequential earnings due to increased steel prices and a rise in volumes. The financial risk profile deteriorated from FYE 2021-22, but has improved since end-December 2022. Net Debt/EBITDA was high at 3.2x at end-March 2023, but management has guided for an improvement in steel prices and earnings in the future. Liquidity is weak, given the high capex requirement. 

JSW Steel - Earnings Flash - FY 2022-23 Results - Lucror Analytics

JSW Steel Ltd

JSW Steel - Earnings Flash - FY 2022-23 Results - Lucror Analytics