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    Sagar Cements: Latest acquisition adds muscle to the inorganic growth story

    New capacities and robust end-market demand to drive revenue growth, but elevated debt load is of concern

    Sachin Pal
    March 17, 2023 / 11:30 AM IST
    Sagar Cements: Latest acquisition adds muscle to the inorganic growth story

    Ambuja Cements

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights Andhra Cements acquired at an EV/ton of USD 60 Ramp-up of capacities to drive volumes in 2023 Cement prices have firmed up in recent weeks Margins to improve as input costs are trending downwards Industry chasing cement volumes in pre-election year Targeting 10MT capacity by FY25  Sagar Cements has been scaling up its market presence consistently via organic and inorganic routes and appears well on track to reach a sizeable capacity of 10 million tonnes (MT) by FY25. The latest acquisition of Andhra Cements...

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