IDBI Capital: UltraTech Cement Eyeing Market Share
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.
IDBI Capital Report
UltraTech Cement Ltd. has announced new capacity addition plan of 12.8 million tonnes and with this, it will add 19.5 million tonne capacity over FY20-23E.
On yearly basis, the company capacity will increase by 4% YoY each in FY21E/22E and 10% YoY in FY23E.
Post expansion, its market share by capacity will increase from 22% currently to 23-23.5% by FY23E.
Capex for new addition at Rs 55 billion will be funded from internal accruals.
In 19.5 million tonne addition, 70% plus of the capacity will be brownfield expansion and project cost will be less than 60/tonne U.S. dollar.
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 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.