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30 Jul 2025 |
Nuvoco Vistas
|
Consensus Share Price Target
|
424.95 |
417.33 |
- |
-1.79 |
buy
|
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|
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20 Jul 2025
|
Nuvoco Vistas
|
Prabhudas Lilladhar
|
424.95
|
422.00
|
387.70
(9.61%)
|
Target met |
Accumulate
|
|
|
at 1516%, shorter lead distance, and hybrid wind-solar in the North. Nuvoco Vistas (NUVOCO) reported strong operating performance in Q1FY26, led by higher pricing and 6% YoY volume growth. Pure cement realization grew by 5.5% QoQ, driven by price hikes taken in the eastern region since Mar'25. Operating costs declined due to lower RM costs (long-term contract for slag)...
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19 Jul 2025
|
Nuvoco Vistas
|
ICICI Securities Limited
|
424.95
|
400.00
|
387.70
(9.61%)
|
Target met |
Hold
|
|
|
Nuvoco Vistas Corp’s (Nuvoco) current valuation (of 8.5x FY27E EV/EBITDA) appears quite compelling. Further, buoyant cement prices were instrumental in propelling its Q1FY26 EBITDA by an impressive 51% YoY (being 5% ahead of our estimate).
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|
06 May 2025
|
Nuvoco Vistas
|
Prabhudas Lilladhar
|
424.95
|
374.00
|
342.75
(23.98%)
|
Target met |
Accumulate
|
|
|
Nuvoco plans to raise Rs6bn of long-term debt in own books and rest Rs12bn through bridge loans for Vadraj upfront payment. Post the deal, it plans to raise Rs12bn through the CCPS and CCD route to keep leverage at lower side. Nuvoco Vistas (NUVOCO) reported a robust operating performance in Q4FY25, driven by 6.6% YoY volume growth and a strong uptick in cement pricing in key markets, supported by increased government spending. Pure cement NSR rose 5% QoQ, aided by price increases in the eastern markets during Q4FY25. As per mgmt., April prices are higher by Rs810/bag, which is...
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|
06 May 2025
|
Nuvoco Vistas
|
ICICI Securities Limited
|
424.95
|
360.00
|
342.75
(23.98%)
|
Target met |
Hold
|
|
|
Q4FY25 turned out to be a dream quarter for Nuvoco Vistas Corp (Nuvoco) with an all-time high EBITDA (up 12% YoY), being 24% ahead of our estimate (driven by beat across realisation and cost); and net debt retreated further to INR 36.4bn (down ~INR 4bn YoY).
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|
19 Nov 2024
|
Nuvoco Vistas
|
Geojit BNP Paribas
|
424.95
|
367.00
|
338.05
(25.71%)
|
Target met |
Hold
|
|
|
|
|
09 Aug 2024
|
Nuvoco Vistas
|
Geojit BNP Paribas
|
424.95
|
361.00
|
334.05
(27.21%)
|
Target met |
Hold
|
|
|
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|
10 May 2024
|
Nuvoco Vistas
|
Geojit BNP Paribas
|
424.95
|
369.00
|
312.60
(35.94%)
|
Target met |
Accumulate
|
|
|
|
|
03 May 2024
|
Nuvoco Vistas
|
Prabhudas Lilladhar
|
424.95
|
384.00
|
333.75
(27.33%)
|
Target met |
Accumulate
|
|
|
|
|
17 Nov 2023
|
Nuvoco Vistas
|
Geojit BNP Paribas
|
424.95
|
403.00
|
351.30
(20.96%)
|
|
Accumulate
|
|
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|
19 May 2023
|
Nuvoco Vistas
|
Geojit BNP Paribas
|
424.95
|
393.00
|
333.00
(27.61%)
|
Target met |
Buy
|
|
|
|
|
08 Feb 2023
|
Nuvoco Vistas
|
ICICI Securities Limited
|
424.95
|
450.00
|
382.45
(11.11%)
|
|
Buy
|
|
|
Nuvoco Vistas Corporation’s (NUVOCO) Q3FY23 EBITDA at Rs2.7bn (up 18% YoY) was slightly below our / consensus estimates. Total cost/te increased 13%/3% YoY/QoQ against 12%/6% YoY/QoQ rise in blended realisation. This resulted in EBITDA/te rising 11%/37% YoY / QoQ to Rs596/te (I-Sec: Rs637/te).
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|
05 Jan 2023
|
Nuvoco Vistas
|
ICICI Securities Limited
|
424.95
|
490.00
|
368.25
(15.40%)
|
|
Buy
|
|
|
We recently interacted with Nuvoco Vistas (NUVOCO) management for an update on their business strategy and outlook. Following are the key takeaways: 1) To consolidate its position, as India’s 5th largest cement company and reach 25mtpa capacity by FY25.
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|
11 Nov 2022
|
Nuvoco Vistas
|
ICICI Securities Limited
|
424.95
|
465.00
|
383.00
(10.95%)
|
|
Buy
|
|
|
Nuvoco Vistas Corporation’s (NUVOCO) Q2FY23 EBITDA at Rs1.9bn (down 42% YoY) was slightly below our / consensus estimates.
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|
10 Aug 2022
|
Nuvoco Vistas
|
ICICI Securities Limited
|
424.95
|
465.00
|
344.20
(23.46%)
|
Target met |
Buy
|
|
|
Nuvoco Vistas Corporation’s (NUVOCO) Q1FY23 EBITDA at Rs3.6bn (down 30% YoY) was in line with our / consensus estimates.
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|
03 Nov 2021
|
Nuvoco Vistas
|
Ventura
|
424.95
|
|
543.05
(-21.75%)
|
|
|
|
|
Fifth largest cement player with multiple triggers for value unlocking
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|
09 Aug 2021
|
Nuvoco Vistas
|
HDFC Securities
|
424.95
|
|
|
|
IPO Note
|
|
|
Nuvoco Vistas Corporation Limited IPO Note Issue Open: Aug 09 Aug 11 2021 Price Band: Rs. 560 570 *Issue Size: 87,719,298 eq shares (Fresh issue of 1500 cr + offer for sale of 3500 cr) *Issue Size: Rs.4912.3 5000.0 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail Upto 35% eq sh
|
|
09 Aug 2021
|
Nuvoco Vistas
|
Ventura
|
424.95
|
|
|
|
IPO Note
|
|
|
|
|
09 Aug 2021
|
Nuvoco Vistas
|
Ashika Research
|
424.95
|
|
|
|
IPO Note
|
|
|
26 Equity Shares and in multiples thereof. Public issue of 86,206,897 Equity shares of Face value Rs. 10 each, (Comprising of fresh issue of 25,862,069 Equity Shares* (Rs. 1500 cr.) and Offer for Sale of...
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07 Aug 2021
|
Nuvoco Vistas
|
Angel Broking
|
424.95
|
77.00
|
|
|
IPO Subscribe
|
|
|
Nuvoco Vistas Corporation Ltd (NVCL) is the fifth largest cement player in India and the largest cement company in East India, in terms of capacity, with a consolidated capacity of 22.32 MMTPA. ~77% of its capacities are in the East region while the balance is in North. NVCL has 11 Cement Plants, comprising five integrated
|
|
06 Aug 2021
|
Nuvoco Vistas
|
ICICI Securities Limited
|
424.95
|
|
|
|
IPO Note
|
|
|
Incorporated in 1999, Nuvoco Vista Corporation (NVCL), a part of Nirma Group Company, is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. As of December 31, 2020, their cement production capacity constituted ~4.2% of total cement capacity in India, 17% of total cement capacity in East India and 5% of total cement capacity in North India. It is also one of the leading ready-mix concrete manufacturers with 49 RMC plants across India. The company forayed into the cement business in 2014 through a greenfield cement plant...
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