Heidelberg Cement Q4 Review - Unexciting Earnings Growth: Prabhudas Lilladher
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.
Prabhudas Lilladher Report
Heidelberg Cement India Ltd. reported Ebitda below our estimates by 8% due to weaker than expected volumes.
The company’s Ebitda/earnings per share grew at a compound annual growth rate of 18%/49% over FY16-FY21, predominantly led by revival in prices post consolidation in the central region.
Ebitda/tonne grew at compound annual growth rate of 17.8% while volumes grew mere 0.2% due to capacity constraints and focus on nearby markets.
Strong prices in the region has attracted meaningful surge in volumes from other regions.
Increased supplies due to inflow from other regions and upcoming new capacities would keep prices under check.
Click on the attachment to read the full report:
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.