Building assets isn't building value: what India's capex boom earns on each new rupee
28 of 46 asset-heavy Indian companies earned more than their cost of capital on the money they added. The fastest builders mostly didn't.
ESSAYS BY @LIYANSH404
Notes on
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Hi, I’m @Liyansh404. This is where I write long-form, data-first notes on markets and the businesses inside them.
Building assets isn't building value: what India's capex boom earns on each new rupee
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