Anand Rathi is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 207 in its research report dated June 04, 2020.
Anand Rathi 's research report on Heidelberg Cement
On the firm pricing environment and efficient cost-optimisation, despite a 10% volume loss, Heidelberg’s EBITDA and PAT grew ~9% each whereas revenue dipped ~4.7% y/y. Through debottlenecking, it expanded capacity to 6.26m tons in Q4. Its strong net-debt-free balance sheet, prudent working-capital control and strong operating-efficiency will continue to augur well.
Outlook
We retain our Buy recommendation, with a higher target of `207 (earlier `200).
For all recommendations report, click here
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