Buy Ultratech Cement; target of Rs 8970: Hem Securities

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Hem Securities report on Ultratech Cement

Consolidated volumes rose 8% YoY to 21.64mt with India volumes up 8% YoY. EBITDA for Q2FY22 stood at ₹2,714.7 Cr, up 0.63% YoY and up -17.9% QoQ. EBITDA margins for Q2FY22 came at 22.6% as compared to 28.0% in Q1FY22 and 26.0% in Q2FY21. PAT for Q2FY22 stood at ₹1,313.5 Cr, up 8% YoY and down -22.85% QoQ.

Outlook

Company B/S continue to remain lean and Net Debt/EBITDA at 0.47x We have maintained BUY rating on stock and value the stock at 35x FY23 earnings to arrive at the target of Rs.8970.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More