Sharekhan's research report on Shree Cement
Standalone revenues stayed in-line as it preferred value over volume push in Q2FY2025. EBITDA/tonne beat estimates majorly owing to lower than estimated power & fuel costs. Management retained its earlier guidance of growing its volumes at par with industry growth rate over the next two years. We expect cement prices to improve with positive demand in H2FY2025. Capacity expansion plans remain on track to achieve more than 80 mtpa capacity by 2028. Capex of Rs. 4000 per annum stay intact.
Outlook
We retain a Buy rating on Shree Cement with a revised PT of Rs. 28,800, factoring a marginal downward revision in operational profitability led by lower volume growth than earlier envisaged.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
