Moneycontrol Be a Pro
Get App
Last Updated : Nov 12, 2018 05:06 PM IST | Source: Moneycontrol.com

Buy Orient Cement; target of Rs 113: Motilal Oswal

Motilal Oswal is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 113 in its research report dated November 06, 2018.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Motilal Oswal's research report on Orient Cement


Revenue grew 7% YoY (-12% QoQ) to INR5.6b (in line with est.), as volumes increased 13% YoY to 1.47mt (est. of 1.4mt). Realizations were at INR 3,815/ton (-5% YoY; -4% QoQ) (v/s est. INR3,982) due to better-than-estimated prices in underlying markets.


Outlook


We value Orient Cement at 7x Sept’20 EV/EBITDA (significantly lower than 5-year average of 14x due to lower return ratios) and arrive at a Target Price of INR113. Buy.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Nov 12, 2018 05:06 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant