Prabhudas Lilladher: UltraTech Cement Capturing Attractive Growth Opportunities
A construction worker holds a trowel of cement as he lays bricks. (Photographer Simon Dawson/Bloomberg)

Prabhudas Lilladher: UltraTech Cement Capturing Attractive Growth Opportunities

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

Ultratech Cement Ltd. approved new capacity expansion of 12.8 million tonnes per annum.

It would incur total capital outlay of Rs 54.8 billion with attractive capex cost of $58/tonne, significantly below standard cost of $75-80/tonne.

This expansion is over and above the ongoing expansion of 6.7 million tonne. Nearly 52% of its new capacity would come in East region, which is already facing sharp surge in supplies.

Intense competition pushed margins to new lows of Rs 850-900/tonne in the region. However, lower margins were compensated by strong volume growth.

Click on the attachment to read the full report:

Prabhudas Lilladher Ultratech Cement Company Update.pdf


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