External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

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<p>The stock is currently trading at 14.7x and 12.5x CY21E and CY22E EV/EBITDA. We value ACL at 13x CY22E EV/EBITDA. However, owing to a recent run-up in prices, we change our rating from BUY to HOLD.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

The stock is currently trading at 14.7x and 12.5x CY21E and CY22E EV/EBITDA. We value ACL at 13x CY22E EV/EBITDA. However, owing to a recent run-up in prices, we change our rating from BUY to HOLD.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Ambuja Cements Limited manufactures cement in India. The Company owns specially designed ships and terminals for bulk transportation of its products. Ambuja Cement sells most of its products domestically, but also has a subsidiary that markets the Group's items in Sri Lanka.

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Ambuja Cements (ACEM IN)

Axis Annual Analysis:Ambuja Cements

The stock is currently trading at 14.7x and 12.5x CY21E and CY22E EV/EBITDA. We value ACL at 13x CY22E EV/EBITDA. However, owing to a recent run-up...

Axis Direct

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