UltraTech Cement share price: Buy UltraTech Cement, target price Rs 8770: Motilal Oswal

Motilal Oswal has buy call on with a target price of Rs 8770. The current market price of UltraTech Cement is Rs 7459.85. Time period given by analyst is one year when UltraTech Cement Ltd. price can reach defined target.

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 215307.35 Crore) operating in Cement sector.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 12034.71 Crore, down -16.81 % from last quarter Total Income of Rs 14465.94 Crore and up 52.10 % from last year same quarter Total Income of Rs 7912.58 Crore. Company reported net profit after tax of Rs 1699.54 Crore in latest quarter.


Investment Rationale
The valuation is reasonable at 13.7x FY23E EV/EBITDA – a 10% discount to its last five years’ average.

Promoter/FII Holdings
Promoters held 60 per cent stake in the company as of March 31, 2021, while FIIs held 17.4 per cent, DIIs 13.8 per cent and public and others 8.9 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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