/ RIL May Turn Free Cash Flow Positive From FY19 ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 3 May 2017

Reliance Industries Ltd (RIL) is one of the best wealth creators in large cap space on YTD basis. The stock has gained almost 27% on YTD thus outperforming the benchmark index Sensex.

One of the reasons for long-term investors to bet on RIL has been the expectation of the company turning to be a free cash flow positive from FY19.

RIL has been reporting negative free cash flow for the past four years and is expected to turn free cash flow positive as most of its expansion and diversification plans get completed.

Free cash flow as a financial metric that indicates the financial health of the company.

Free cash flows turning positive augurs well for the investors of RIL as the company will be able to pare its debt from the surplus cash flow.

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