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.
Dolat Capital Report
The Ramco Cements Ltd.’s revenue, Ebitda, volume, realisation and Ebitda /tonne in line but adjusted profit after tax above estimates.
The company posted muted numbers with up 18.8%/ down 10.9%/ down 8.7% YoY growth in revenue/ Ebitda/ adjusted profit after tax to Rs 14.9 billion/ Rs 3.9 billion/ Rs 2.2 billion led by up 22.5%/ down 2.5% YoY growth in volume/ realisation (down 4.7% QoQ).
We expect 14.0%/ 11.0%/ 13.7% revenue/ Ebitda/ adjusted profit after tax compound annual growth rate over FY21-24E led by 16.0%/ 14.0%/ 7.0% volume growth and up 3.0%/ up 1.0%/ 1.0% realisation growth in FY22E/ FY23E/ FY24E.
We broadly maintain our FY22E/ FY23E and we introduce FY24E.
We like Ramco Cements for its strong distribution and healthy profitability metrics (despite turbulent south markets).
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 author entity 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