BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Building materials companies under our coverage universe are expected to report decent volume growth, while correction in realisation expected to impact revenue and Ebitda margin expected to be flat YoY.
We expect our building materials universe to register sales de-growth of 8.2% YoY (on high base due to higher realisation). With stable raw material prices, correction in power and fuel expenses, we expect margins to back to normal level flat YoY (up 340 basis points QoQ) for our coverage universe.
We expect Ebitda/profit after tax de-growth of 8.6%/ 10.0% YoY (on high base) across our coverage universe. Although we remain structurally positive on long term prospects, we expect that the growth momentum in building materials to continue for medium to long term led by-
improvement in real estate demand and growing affordability;
government's initiations to focus on housing, infrastructure and sanitation;
increase in frequency of product replacement;
organised players entering into allied products and
import replacement and export focus.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.