Hold The Ramco Cement; target of Rs 726: Arihant Capital

Arihant Capital recommended hold rating on The Ramco Cement with a target price of Rs 726 in its research report dated February 08, 2017.

February 10, 2017 / 16:02 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Arihant Capital's research report on The Ramco Cement

For the quarter ended Dec, 2016, company reported a rise in revenue by 35% to Rs 1,111 cr vs. Rs 821 cr in the corresponding quarter of previous year. Company reported sales volume at 19.88 lac tonnes vs. 16.26 lac tonnes registering an improvement in the off-take of cement by about 22% during the quarter under review, compared to the corresponding quarter of the previous year.

Outlook

We have valued stock on EV/EBITDA of 12.5 FY18 estimates and have arrived at a fair value of Rs 726 per share. At CMP of Rs 681 the stock is available at FY18E P/E(x) and EV/EBITDA(x) of 18.7(x) and 11.8(x) respectively. We have rating on the stock.

For all recommendations, 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.

first published: Feb 10, 2017 04:02 pm

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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347