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Buy Heidelberg Cement; target of Rs 207: Anand Rathi

Anand Rathi is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 207 in its research report dated June 04, 2020.

June 07, 2020 / 20:51 IST
     
     
    26 Aug, 2025 12:21
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    Anand Rathi 's research report on Heidelberg Cement

    On the firm pricing environment and efficient cost-optimisation, despite a 10% volume loss, Heidelberg’s EBITDA and PAT grew ~9% each whereas revenue dipped ~4.7% y/y. Through debottlenecking, it expanded capacity to 6.26m tons in Q4. Its strong net-debt-free balance sheet, prudent working-capital control and strong operating-efficiency will continue to augur well.


    Outlook

    We retain our Buy recommendation, with a higher target of `207 (earlier `200).



    For all recommendations report, click here

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    Broker Research
    first published: Jun 7, 2020 08:51 pm

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