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Anand Rathi has buy call on Orient Cement with a target price of Rs 178. The current market price of is Rs 118.4. Time period given by analyst is one year when . price can reach defined target.
Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 2427.69 Crore) operating in Cement sector.
Orient Cement Ltd. key Products/Revenue Segments include Cement, Scrap and Power for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Standalone Total Income of Rs 805.85 Crore, up 29.97 % from last quarter Total Income of Rs 620.01 Crore and down -3.41 % from last year same quarter Total Income of Rs 834.28 Crore. Company reported net profit after tax of Rs 73.24 Crore in latest quarter.
Investment Rationale
Backed by its focus on higher realisation y/y and savings on its solar power plant operationalization, Orient Cement’s Q4 FY22 performance was good even amid rising costs. Greater cash-flows, de-levering and better working-capital management and operating performance would fund the expansion and keep debt in check. It retains Buy rating, with a lower target of Rs.178 (earlier Rs.233) on 7x FY24e EV/EBITDA.
Promoter/FII Holdings
Promoters held 37.37 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.54 per cent, DIIs 14.84 per cent.
Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 2427.69 Crore) operating in Cement sector.
Orient Cement Ltd. key Products/Revenue Segments include Cement, Scrap and Power for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Standalone Total Income of Rs 805.85 Crore, up 29.97 % from last quarter Total Income of Rs 620.01 Crore and down -3.41 % from last year same quarter Total Income of Rs 834.28 Crore. Company reported net profit after tax of Rs 73.24 Crore in latest quarter.
Investment Rationale
Backed by its focus on higher realisation y/y and savings on its solar power plant operationalization, Orient Cement’s Q4 FY22 performance was good even amid rising costs. Greater cash-flows, de-levering and better working-capital management and operating performance would fund the expansion and keep debt in check. It retains Buy rating, with a lower target of Rs.178 (earlier Rs.233) on 7x FY24e EV/EBITDA.
Promoter/FII Holdings
Promoters held 37.37 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.54 per cent, DIIs 14.84 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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