Orient Cement - Enhanced Performance; De-Levering Balance Sheet: Anand Rathi
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Anand Rathi Report
With capacity utilisation in March 2021 at over 100%, Orient Cements Ltd.'s performance was robust, aided by firm prices and cost optimisation.
The de-levering exercise continued healthy cashflow generation and improved working capital.
The company targets a 3.5 million tonne capacity expansion to 11.5 million tonne by FY24.
Despite rising input costs, profitability is expected to be firm.
Risks: Rising pet-coke/diesel prices, demand slowdown.
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