Moneycontrol Be a Pro
Get App
Last Updated : Sep 18, 2018 02:23 PM IST | Source:

Buy Ultratech Cement; target of Rs 4740: Centrum

Centrum is bullish on Ultratech Cement has recommended buy rating on the stock with a target price of Rs 4740 in its research report dated July 19, 2018.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Centrum's research report on Ultratech Cement

UltraTech’s (UTCEM) Q1FY19 standalone EBITDA rose a modest 4% YoY, as weak pricing amid elevated cost inflation moderated the positives of 33% YoY volume growth (core volume up ~7.5% YoY). Continued improvement in energy consumption metrics and lead distance reduction partly moderated the impact of rising energy costs YoY.  Amid a good demand outlook, we expect UTCEM to deliver an industry leading 14% volume CAGR during FY18-20E.


We also expect UTCEM’s margins to benefit from better pricing (H2FY19 onwards), UTCEM’s rising economies of scale and prudent cost controls. We reiterate BUY with a revised TP of Rs4,740.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. 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 Jul 26, 2018 04:58 pm
NULL int(1)
Follow us on
Available On
PCI DSS Compliant