Birla Corp Soon To Be The Sixth-Largest; Re-Rating On The Cards: Anand Rathi
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Anand Rathi Report
With 15.5 million tonne cement capacity across north, central and east India, Birla Corp. is aiming 25 million tonne cement capacity by FY25.
The ongoing expansion will keep leverage high; we believe, however, that its net debt would be in check with greater profitability on various cost-optimisation steps and higher volume growth on the ramping up of capacities.
A judicious geographic- and product-mix aimed at raising the shares of blended and premium cement in its portfolio are positives.
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