Buy The Ramco Cement; target of Rs 1205 Sharekhan

Buy

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Sharekhan's research report on The Ramco Cement

The Ramco Cements reported a strong beat on earnings led by 39% y-o-y rise in sales volume and a 56% y-o-y rise in EBITDA/tonne led by lower P&F costs. Management expects a 20%+ sales volume growth for FY2024 on strong demand. Cement price hikes undertaken in South during October sustained in November. Net Debt rose q-o-q although it is expected to peak out. Kurnool expansion likely to be undertaken on priority with a low capex and faster execution.

Outlook

We retain a Buy on The Ramco Cements Limited (Ramco) with a revised PT of Rs. 1205, led by upwardly revised estimates and considering a strong earnings growth profile over FY2023-FY2025E.

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 Ramco Cements - 10 - 11 - 2023 - khan