* Sagar Cements (SAGCEM) gained over ~3% in last trade on the expectation of likely price recovery in its key AP and Telangana markets.
* A sharper-than-expected impro..
Realisations drove earnings beat; Maintain Accumulate
JK Lakshmi Cement’s (JKLC) Adj. PAT (adjusted for one-time consultancy fees and donation to political parti..
All eyes on price sustainability!
UltraTech during the quarter managed to deliver volume growth of 3% YoY in domestic market primarily due to ramp-up of UNCL, which op..
In terms of demand revival, there seems to be no light at the end of the tunnel for cement companies. Limited fiscal room to fix the consumption slowdown has renewed ..
Firm and stellar show
We maintain BUY with TP Rs 670/share (6x FY21 EBITDA). Our TP implies EV of USD 61/MT.
HIGHLIGHTS OF THE QUARTER
* During 1QFY19,..
Recent stock price correction is an opportunity to BUY
Our channel checks suggest industry volumes likely grew in low-single digit YoY in Jul’19 as monsoon inten..
Expansion on track; net debt to peak-out in FY20
Key takeaways from JK Cement (JKCE)’s management concall: includes:
i) Company expects demand recovery in H2F..
Strong Performance on Healthier Realisation
JK Lakshmi Cement (JKLC) has reported a strong set of numbers for 1QFY20 with its EBITDA growing by 81% YoY and 29% QoQ to ..
Higher Realisation Drives Performance; Maintain HOLD
Ramco Cement (TRCL) has delivered an in-line operating performance in 1QFY20, with its EBITDA expanding by 50% YoY..
Healthy pricing drives margin expansion
Moderate volume growth amid healthy realizations:
Consolidated volumes (including white cement) grew 2% YoY to 18.8mt in 1..
AR analysis - Capex likely to be announced soon
Key takeaways from JK Lakshmi Cement’s (JKLC) FY19 annual report analysis include:
i) improved market share wi..
AR analysis- Change is the constant
While FY18 saw Shree Cement (SRCM) expanding its global footprint with acquisition in the UAE (vs just domestic organic growth earl..
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