BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
ACC Ltd.'s flagship efficiency optimisation program ‘Parvat' could deliver sustainable cost reduction of at least Rs 150/te (approximately 20% of CY19 Ebitda/te) from CY20E by unlocking efficiencies in procurement and supply chain and reducing distribution costs, in our view.
Besides, master supply agreement with Ambuja Cement Ltd. could gain improved traction under Neeraj Akhoury, Managing Director and Chief Executive Officer of Ambuja Cement (also India–Head, LafargeHolcim), and deliver targeted synergies of 3-5% of profit before tax.
Volumes from Ambuja Cement's Marwa-Mundwa expansion by Q1 CY21E could also be serviced by ACC, thus providing additional volume visibility.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
