Prism Johnson - Turnaround Visible: Anand Rathi
Limestone rock used in the manufacture of cement passes along a conveyor belt (Photographer Kevin Sutherland/Bloomberg)

Prism Johnson - Turnaround Visible: Anand Rathi

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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.

Anand Rathi Report

Robust demand and cost optimisation aided the better performances in all Prism Johnson Ltd.’s divisions; the cement division’s volume and the ready mix concrete’s Ebit were the highest ever.

Debt is expected to be in check despite the coming expansion in cement and tiles.

The restructuring and greater renewable power capacity are other positives.

Risks: rise in pet-coke/diesel prices; demand slowdown.

Click on the attachment to read the full report:

Anand Rathi Prism Johnson Company Update.pdf

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