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This Article is From Aug 15, 2020

Dolat Capital: Ramco Cements Reports Weak Quarter, Fair Valuation 

Dolat Capital: Ramco Cements Reports Weak Quarter, Fair Valuation 
Ramco Cement Ltd.’s Plant in Aryalur District, Tamil Nadu (image: Company Website)

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.

Dolat Capital Report

Ramco Cements Ltd.'s revenue was in line however, Ebitda and profit after tax below estimates.

The Company posted a muted set of numbers with 24.7%/ 27.6%/ 42.9% YoY de-growth in revenue/ Ebitda/ profit after tax to Rs 10.4 billion/ Rs 2.6 billion/ Rs 1.1 billion in Q1 FY21 due to down 28.3%/up 5.9% YoY growth in volume/ realization (up 12.1% QoQ).

We expect 6.0%/ 8.1%/ 2.4% revenue/ Ebitda/ PAT compound annual growth rate over FY2022E led by down 6.9%/ 15.0% volume growth and 3.3%/ 2.0% realization growth in FY21E/ FY22E.

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.

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