Sagar Cements Q1 Review - Strong Quarter, Fair Valuation: Dolat Capital

Sagar Cements Q1 Review - Strong Quarter, Fair Valuation: Dolat Capital

Cement concrete sits in a container at a construction site. (Photographer: Brent Lewin/Bloomberg)

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Dolat Capital Report

Sagar Cements Ltd. reported results above estimates on all fronts.

The company posted strong set of numbers with up 48.6%/ up 23.1%/ up 42.3% YoY growth in revenue/ Ebitda/ adjusted profit after tax to Rs 3.9 billion/ Rs 1.1 billion/ Rs 514 million led by up 58.4%/ down 6.2% YoY growth in volume/ realisation (up 9.3% QoQ).

We like Sagar Cements for its continuous efforts to expand its capacity combined with diversify its revenue and one of the lowest cost producer led by various cost rationalising measures.

Click on the attachment to read the full report:

Dolat Capital Sagar Cements Q1FY22 Result Update.pdf
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