NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
India Cements Ltd.'s operating performance was hit in the past few quarters amid volume loss, weak cement prices in its core markets, and higher production costs.
Due to the recurring losses, working capital constraints, and higher net debt, the promoter (including the promoter group) agreed to sell the entire stake to UltraTech Cement Ltd. We continue to monitor the progress on regulatory approvals and merger with UltraTech Cement.
India Cement's net loss estimate has widened for FY25 due to underperformance in Q2 FY25 and continuing pricing pressure. We retain our earnings estimates for FY26/27.
We value India Cements at a replacement cost (enterprise value/tonne of $100) and arrive at our target price of Rs 310. Reiterate Sell.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
