India’s Cement Makers To Post Robust EPS Growth, Deutsche Bank Says
India's cement makers are likely to post robust earnings per share growth of up to 24 percent over financial year 2016-17 to FY19E, according to a research note by Deutsche Bank. It also expects cement demand to improve sharply by 9-10 percent year-on-year in the second half of the current financial year.
So far this year, the demand has “better-than-perceived” with “margins seen rising sharply” for the cement companies, the note said. “FY17 volume grew 3 percent versus perception of a decline,” it added.
“Our channel checks suggest significant rise in industry realisation (plus 8 percent QoQ) and margins (25-30 percent) in first quarter,” the note said.
Deutsche Bank's top picks from the sector remain Shree Cement and Ramco Cements.
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Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
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The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
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Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
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'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
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