Shree Cements Ltd. share price target

Hence we maintain our HOLD rating on the stock. We value the company at 19x of its FY23E EV/EBITDA to arrive at a target price of Rs 30,000/share, implying an upside of 5% from CMP.

We value SCL at 19x FY23E EV/EBITDA and assign a HOLD rating to the company.

Operating profit margin stood at 0.28%, leading to 48.71% rise in operating profit to Rs 1,022.96 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 7.12% to 6.94%. Purchase of finished goods cost rose from 0.16% to 1.27%. Employee...

we maintain our HOLD rating on the stock with TP of Rs.29000/share implying an upside of 3% from CMP.

Shree Cement (SRCM)'s 1QFY22 result was in-line, with EBITDA up 45% YoY as higher realization was offset by disappointment on cost, leading to weaker EBITDA/t of INR1,482 (v/s our est. of INR1,552/t). Volume growth at 39% YoY, weighed by lower clinker sales, was also weaker v/s peers. We broadly maintain our FY22E/FY23E estimates and expect a 13%/13% volume/EBITDA CAGR over FY2123E. We maintain Neutral as the valuation (18x FY23E EV/EBITDA) prices in earnings growth....

manufactures specialty organic bromine-based chemical compounds as well as specialty inorganic lithium-based chemicals compounds. Neogen has two segments viz. (i) organic chemicals, (ii) inorganic chemicals...

Shree Cement Limited provides building materials. The company manufactures and sells cement and cement products in India. The company currently operates with a total cement capacity of 44.4mpta of which...

Performance for the quarter ended March 2021 Total consolidated income from operation inclined 23% to Rs 4,204.88 crore for the fourth quarter ended March 2021. OPM decreased by 150 bps to 29.4%. The decrement in OPM was due to gain in freight & forwarding cost by 220 bps to 23.4%, employee costs by 70 bps to 6.6%, other expenses by 60 bps to 15.4%, and raw material costs by 40 bps to 7.2% as percentage to sales and net of stock adjustments, partially offset by decline in power & fuel cost by 340 bps to 17%. As a result, the OP growth trimmed to 17% at Rs 1,237.78 crore....

Shree Cement (SRCM) Q4FY21 EBITDA was in-line with our and consensus estimate. SRCM volume increase at +19% YoY was strong. Post the result we have increased EBITDA estimate for FY22E and FY23E by 6% and 11%. This factors higher ASP (as Q4FY21 realization is up 4% QoQ), lower opex/t versus earlier estimate for FY22E/23E. We continue to value SCRM at 18x FY23E EV/EBITDA and revised TP is Rs25,610 (earlier Rs22,517). But given there is a down downside of 7% to our fair value, we lower stock rating to reduce. SRCM valuation premium to UTCEM has narrowed to 35% (from the highs of 80%) vs. historical average of 45%. But expectation of weak 1HFY22 is weighing...

We value the company at 19x of its FY23E EV/EBITDA, to arrive at a target price of Rs.29000/share, implying an upside of 5% from CMP.