Sagar Cements – Is it worth looking at amid near-term demand slowdown?

The company has cut volume growth guidance because of a slow ramp-up in capacity

Sachin Pal
February 28, 2024 / 09:47 AM IST
Sagar Cements – Is it worth looking at amid near-term demand slowdown?

Cement

PRO Only Highlights
-  Quarterly performance largely backed by improved realisations
-  Medium-term triggers China plus and protectionist measures for tyre industry
-  Valuations not inexpensive; but improved medium-term outlook

Highlights  Cement volumes grew 14 percent in Q3 Decline in fuel prices to support margins Ramping up production at Andhra Cements Targeting 5.6 MT volumes for FY24 Cement prices have fallen 2-3 percent in the peak construction season Mid-sized cement manufacturer Sagar Cements (CMP: Rs 247; Market Cap: Rs 3,272 crore; Rating: Equal weight) has delivered a solid set of numbers in the quarter ended December ’23 on the back of favourable demand trend in key markets. However, cement volumes fell well short of...