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 206971.80 Crore) operating in Cement sector.
UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Other Operating Revenue, Scrap, Sale of services, Lease Rentals for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 12156.83 Crore, up 1.01 % from last quarter Total Income of Rs 12034.71 Crore and up 15.90 % from last year same quarter Total Income of Rs 10489.10 Crore. Company reported net profit after tax of Rs 1310.26 Crore in latest quarter.
Investment Rationale
Factoring in higher opex/ton due to input cost inflation, the brokerage cuts FY22-24 EBITDA estimates by 3-4%. It rolls over to Dec’22 from Sep’22 and maintains TP at Rs 8,500. The DCF-based TP (11.25% WACC, 8% FCFF growth post FY26) implies a 1-year forward EV/EBITDA of 15x (vs. 15.6x earlier).
Promoter/FII Holdings
Promoters held 59.96 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.48 per cent, DIIs 14.51 per cent.
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