UltraTech Cement, integrated in 2000, is a big cap corporate (with a marketplace capitalization of Rs 196,458.01 crore) working within the cement sector.
UltraTech Cement’s key product/income segments come with Portland/Possolana cement, different working income, scrap steel, gross sales of services and products, hire for the 12 months ended 31 March 2022.
For the quarter ended September 30, 2022, the corporate reported a consolidated overall source of revenue of Rs 14,038.95 crore, down 8.08% from the former quarter of Rs 15,272.70 crore, and up 15.48% greater than remaining 12 months. crore. The corporate reported a web benefit after tax of Rs 760.19 crore in the newest quarter.
The senior control of the corporate contains Mr. Kumar Mangalam Birla, Mr. S.B. Mathur, Ms. Sukanya Kripalu, Mr. Arun Adhikari, Mr. Sunil Duggal, Ms. Rajasree Birla, Mr. Atul Daga, Mr. Ok.S. Janwar, Mr. Ok.Ok. Maheshwari. , Mrs. Alka Bharucha. The corporate’s auditors are BSR & Co. LLP. As of December 31, 2022, the corporate has 29 crore stocks remarkable.
Rationale for funding
The corporate is increasing in-house grinding capability to 131mt/154mtpa through FY23/25-26, offering just right expansion potentialities. The brokerage is estimating gross sales at a mean of 9% throughout fiscal 12 months 22-25.
The stocks industry at a FY24E/FY25P EV/EBITDA of 15.5x/13.4x (as opposed to a 10-year reasonable ahead EV/EBITDA of 15.7x). The brokerage reiterates its Purchase advice for the inventory at 15.5x EV/EBITDA FY25E (in comparison to September 24 previous).
Promoter / FII Holdings
As of December 31, 2022, the promoters owned 59.96% of the corporate, FII 14.11%, DII 17.27%.
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