Birla Corp Q3 Review - Dolat Capital Maintains 'Accumulate' On The Stock, Revises Target Price — Here's Why

Birla Corp has plans to increase its capacity from 20 mtpa to 25 mtpa (details of 3.6 mtpa awaited) by FY27E..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..Dolat Capital Report.Birla Corporation Ltd.’s Q3 FY25 results were above estimates, although Realization/tonne and Ebitda/tonne came in line. We expect revenue/Ebitda/adjusted profit after tax compound annual growth rate of 2.3%/3.7%/10.5% over FY24-27E led by 1.6%/5.8%/6.0% volume growth and -7.7%/ 2.5%/0.0% cement realization growth in FY25E/FY26E/FY27E. We broadly maintain our FY25E/FY26E/FY27E Ebitda estimates. We factor Ebitda/tonne to improve from Rs 547 in 9M FY25 to Rs 607/Rs 763/ Rs 792 in FY25E/FY26E/FY27E. Thus, we maintain our ‘Accumulate’ rating with a revised target price of Rs 1,347 based on eight times consolidated FY27E EV/Ebitda and 50% Capital work in progress of FY27E (Our target price factors EV of $61/tonne)..Click on the attachment to read the full report:.Asian Paints, Godrej Properties, Eris Lifesciences, Kajaria, KEC International Q3 Review - HDFC Securities.DISCLAIMERThis 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.

Birla Corp Q3 Review - Dolat Capital Maintains 'Accumulate' On The Stock, Revises Target Price — Here's Why

To support growth, Birla Corp is advancing its expansion plans of 1.4 mtpa cement capacity at Kundanganj, UP by Q1 FY26E, adds the brokerage.

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