Prism Johnson Ltd. News and Updates

Name: Latest research reports of Prism Johnson Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Prism Johnson Ltd.
Rating: 5
Author: Motilal Oswal

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Prism Johnson Ltd.

01 Nov 2018

155.25

1.71%

Results below estimate led by higher-than-expected costs

Buy: Prism Johnson Ltd.

Target

Motilal Oswal

Prism Johnson Ltd. is trading below its 200 day SMA of 158.3

Prism Johnson Ltd.

05 Jun 2018

155.25

1.71%

Cement division set for better profitability

Buy: Prism Johnson Ltd.

Target

Motilal Oswal

5 June 2018 PRSMJs focus markets in Central India are likely to witness healthy utilization uptick, driven by demand improvement. This coupled with increased premium sales for PRSMJ should drive margin expansion over FY18-20, resulting in segment EBITDA CAGR of 21%. Post FY20, the cement business should continue to see margin expansion, led by commissioning of WHRS (reduce power cost) and split grinding unit with a capacity of 1-1.5mt in UP, lowering freight cost. We expect healthy growth in volumes led by effective marketing initiatives and product innovation. We expect healthy improvement in consolidated margins in FY20 (from 3.8% in FY18), led by improvement in standalone utilization levels. Working capital reduction coupled with margin improvement should drive up RoCE for the segment. EBIT margin for the business was ~3% in 4QFY18 after EBIT loss in 1HFY18, led by housing and the governments push to infra activities.

Prism Johnson Ltd. has gained 22.10% in the last 3 Months

Prism Johnson Ltd.

25 Mar 2018

155.25

1.71%

Prism Cement in a medium-term downtrend

Business Line

A strong downward breakthrough can pull the stock down to 90 and 80

Prism Johnson Ltd. is trading above its 150 day SMA of 145.6

Prism Johnson Ltd.

14 Feb 2018

155.25

1.71%

Prism Cement : Strong beat led by cement division

Buy: Prism Johnson Ltd.

Target

Motilal Oswal

EBITDA increased 227% YoY (+112% QoQ) to INR822m, with the margin at 6.3% (+3.11pp QoQ;+4.13pp YoY). Cement realizations increased 6% QoQ to INR4177/t due to normalization of pricing in focus markets.Cement costing increased on account of higher power & fuel cost/t (higher petcoke prices). Cement EBITDA/ton stood at INR588 (+46% YoY) due to healthy realizations, partially offset by cost push. Hence, PAT stood at INR149m v/s a loss of INR470m in 3QFY17.

Prism Johnson Ltd. is trading below its 200 day SMA of 158.3

Prism Johnson Ltd.

21 Dec 2017

155.25

1.71%

Initiating Coverage

Buy: Prism Johnson Ltd.

Angel Broking

Prism Cement Limited (PCL) is an Integrated Building Materials company, and has wide range of products from cement, ready mixed concrete (RMC), tiles, bath products to kitchens (TBK). Its cement plant is located in central India with units in Satna (Madhya Pradesh) with a capacity of 7 MTPA. It currently operates 87 ready mixed concrete p..

Number of FII/FPI investors increased from 76 to 82 in Mar 2025 qtr.

Prism Johnson Ltd.

04 Dec 2017

155.25

1.71%

Prism Cement: Cement division set for a better 2HFY18

Buy: Prism Johnson Ltd.

Target

Motilal Oswal

We expect the cement segment's profitability to improve in 2HFY18/FY19 (v/s 1HFY18), led by improved pricing on the back of consolidation, limited supply addition and improved utilization in the central region. However, we expect some of these benefits to be negatively impacted by cost push in form of higher power...

Prism Johnson Ltd. has gained 22.10% in the last 3 Months

Prism Johnson Ltd.

07 Nov 2017

155.25

1.71%

Weak performance by cement; TBK profitability improves

Buy: Prism Johnson Ltd.

Target

Motilal Oswal

TBK losses reduced: TBK segment's revenue fell 9% YoY (-3% QoQ) to INR4.15b (est. of INR4.54b), as the prior-year period included excise duty in revenues. Volumes increased YoY after declining in the previous quarters. EBIT loss in TBK reduced to INR50m from INR181m in 2QFY17. The segment recorded near EBITDA breakeven in the quarter. EBITDA hurt by lower realization, cost push: EBITDA rose 52% YoY (-51% QoQ) to INR376m, with the margin at 3.2% (-2.53pp QoQ; +1.1pp YoY). Cement costing increased led by higher power & fuel cost/t (higher petcoke...

Prism Johnson Ltd. is trading above its 150 day SMA of 145.6

Prism Johnson Ltd.

21 Jun 2017

155.25

1.71%

Prism Cement: May build on expansion

Business Line

Shares of Prism Cement will remain in focus as Sanskar Ceramic Pvt Ltd, its step-down joint venture, has successfully completed a 4.2-million m2 (MSM) per annum vitrified tiles capacity expansion...

Prism Johnson Ltd. has gained 22.10% in the last 3 Months

Prism Johnson Ltd.

05 Jun 2017

155.25

1.71%

Result Update:Prism Cement

Results Update: Prism Johnson Ltd.

Axis Direct

Strong cement performance: Cement realization was Rs 4,150 per ton, up Rs 350 QoQ. EBITDA per ton increased by Rs 400 QoQ to Rs 910 due to higher realization and operating leverage. Cement volume was 1.56 mnt, up 15% YoY and 30% QoQ

Prism Johnson Ltd. is trading below its 200 day SMA of 158.3

Is Prism Johnson Ltd. worth buying?

100 Votes:

Buy 72.0%

Sell 18.0%

Hold 10.0%