BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
UltraTech Cement Ltd.’s announcement of organic expansion of 19.5 million tonnes per annum (19%) by FY23 is positive on multiple counts.
- It provides visibility on above industry volumes at a 10% compound annual growth rate over FY21–24E.
- It is incrementally positive for return on capital employed as expansion is at a cost of only approximately $55/tonne, implying ROCE of ~14% (versus 10% currently).
- It addresses capital allocation concerns as cash flows over the next two years are deployed in the core business.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR