Shree Cement: Capacity Expansion, Product Mix and New Markets To Drive Growth
We value SCL at 19x FY23E EV/EBITDA and assign a HOLD rating to the company. Shree Cement Ltd (SCL) commissioned a new 3 million tonnes per annum...
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Nuvoco Vistas IPO Trading - Tepid Demand
Nuvoco Vistas (NV) raised around US$673m in its India IPO. It is promoted by the Nirma Group and has recently acquired Emami’s cement business.
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Shree Cement: Operating Performance In-Line but Upside Capped
We maintain our HOLD rating on the stock with TP of Rs.29000/share implying an upside of 3% from CMP. Shree Cement reported healthy Q1FY22 Revenue...
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EBITDA in-line; lags peers in volume growth
Shree Cement (SRCM)'s 1QFY22 result was in-line, with EBITDA up 45% YoY as higher realization was offset by disappointment on cost, leading to...
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SHREECEM: Performance for the quarter ended March 2021 Total consolidated income from operation i...
Performance for the quarter ended March 2021 Total consolidated income from operation inclined 23% to Rs 4,204.88 crore for the fourth quarter...
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