Motilal Oswal has buy call on with a target price of Rs 8050. The current market price of UltraTech Cement Ltd. is Rs 6509.55.
UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 184938.79 Crore) operating in Cement sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 14465.94 Crore, up 15.52 % from last quarter Total Income of Rs 12522.03 Crore and up 32.19 % from last year same quarter Total Income of Rs 10943.55 Crore. Company reported net profit after tax of Rs 1771.86 Crore in latest quarter.
Investment Rationale
The valuation is reasonable at 12.9x FY23E EV/EBITDA – a 10% discount to its previous five-year average. We value UTCEM at 16x FY23E EV/EBITDA to arrive at TP of INR8,050.
Promoter/FII Holdings
Promoters held 60 per cent stake in the company as of March 31, 2021, while FIIs held 17.4 per cent, DIIs 13.8 per cent and public and others 8.9 per cent.
UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 184938.79 Crore) operating in Cement sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 14465.94 Crore, up 15.52 % from last quarter Total Income of Rs 12522.03 Crore and up 32.19 % from last year same quarter Total Income of Rs 10943.55 Crore. Company reported net profit after tax of Rs 1771.86 Crore in latest quarter.
Investment Rationale
The valuation is reasonable at 12.9x FY23E EV/EBITDA – a 10% discount to its previous five-year average. We value UTCEM at 16x FY23E EV/EBITDA to arrive at TP of INR8,050.
Promoter/FII Holdings
Promoters held 60 per cent stake in the company as of March 31, 2021, while FIIs held 17.4 per cent, DIIs 13.8 per cent and public and others 8.9 per cent.
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