External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Shree Cement Ltd (SCL) commissioned a new 3 million tonnes per annum (mtpa) cement unit in Cuttack, taking the total capacity to 43.4 mtpa. Its 3 mtpa new grinding capacity is coming up in Patas, near Pune and is expected to be operational in Q2FY22. With this capacity addition, SCL’s total cement grinding capacity will increase to 46.4 mtpa on a standalone basis.</p><p>We value SCL at 19x FY23E EV/EBITDA and assign a HOLD rating to the company.</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>

Shree Cement Ltd (SCL) commissioned a new 3 million tonnes per annum (mtpa) cement unit in Cuttack, taking the total capacity to 43.4 mtpa. Its 3 mtpa new grinding capacity is coming up in Patas, near Pune and is expected to be operational in Q2FY22. With this capacity addition, SCL’s total cement grinding capacity will increase to 46.4 mtpa on a standalone basis.We value SCL at 19x FY23E EV/EBITDA and assign a HOLD rating to the company.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.

Shree Cement: Capacity Expansion, Product Mix and New Markets To Drive Growth