We expect the company to register Revenue/Ebitda/APAT CAGR of 8%/15%/23% from FY20-FY23E driven by volume CAGR of 6% and consistent realisation improvement of 2% CAGR over FY20-23E. We value BCL at 5x FY22E EV/EBITDA to arrive at TP of Rs.740 an upside of 14% from the current level.

Birla Corporation Ltd. has lost -20.18% in the last 6 Months

Birla Corporation Ltd.

06 Nov 2020

1122.10

0.03%

Birla Corp

Buy: Birla Corporation Ltd.

Dolat Capital

We expect 10.2%/ 12.6%/ 16.9% revenue/ EBITDA/ APAT CAGR over FY20-23E led by -4.1%/ 17.7%/ 16.0% volume growth and 1.5%/ 0.5%/ 1.0% cement realization growth in FY21E/ FY22E/ FY23E. We increase our revenue/ EBITDA estimates by 9.0%/ 15.0% for FY21E considering H1FY21 results. Accordingly, we increase our APAT estimates by 39.4% for FY21E. We broadly maintain FY22E and introduce FY23E. We factor 3.9mtpa Mukutban (Maharashtra) expansion to commence by end of Sept'21 (in line with management...

Birla Corporation Ltd. is trading below all available SMAs

Birla Corporation Ltd.

21 Sep 2020

1122.10

0.03%

Event Update:Birla Corpn.

Hold: Birla Corporation Ltd.

Recommendation Target

Axis Direct

A single bench of the Honble High Court at Calcutta vide its order dated 18th September, 2020 in a probate proceeding to which the Company is not a party has restrained Mr. Harsh V. Lodha, Non-Executive Director and Chairman of the Company from holding any office in the Company.

ICICI Direct downgraded Birla Corporation Ltd. to Hold with a price target of 1270.0 on 11 Nov, 2025.

Birla Corporation Ltd.

12 Aug 2020

1122.10

0.03%

Long Term Recommendation - Birla Corporation Ltd

Buy: Birla Corporation Ltd.

Target

Edelweiss

Birla Corporation (BCL) is one of the leading cement producers with 15.5 million tonne per annum (mtpa) capacity, spread mainly across central, north and eastern India.

Birla Corporation Ltd. has an average target of 1477.75 from 4 brokers.

Birla Corporation Ltd.

10 Aug 2020

1122.10

0.03%

Result Update:Birla Corpn.

Buy: Birla Corporation Ltd.

Target

Axis Direct

Disruption due to nationwide lockdown and significant disturbances in key markets and manufacturing centres led to contraction of Revenue/Ebitda/APAT of the company. Company reported de-growth in Revenue/Ebitda/APAT by 35%/39% and 53% on YoY basis.

Birla Corporation Ltd. has lost -20.18% in the last 6 Months

Birla Corporation Ltd.

07 Aug 2020

1122.10

0.03%

Birla Corp

Buy: Birla Corporation Ltd.

Target

Yes Securities

increase in NSR sequentially owing to pricing tailwinds in operatingmarketsandhighershareoftrademix(+1015% shift in mix towards trade segment). However, operating marketsofBCORPwitnessedstablepricingwhiletrademix hasbeenhighhistoricallyforthecompany(8085%ofsales) leavinglessscopeforincrementalimprovement. Cost optimization measures and stable pricing translated into EBITDA/te of Rs 981 (5% y/y). Absolute EBITDA...

Birla Corporation Ltd. is trading below all available SMAs

Is Birla Corporation Ltd. worth buying?

164 Votes:

Buy 78.66%

Sell 12.2%

Hold 9.15%

RESEARCH REPORTS

Hold SEE REPORTS >

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Buy SEE REPORTS >

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