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This Article is From May 19, 2021

Orient Cement - Enhanced Performance; De-Levering Balance Sheet: Anand Rathi

Orient Cement - Enhanced Performance; De-Levering Balance Sheet: Anand Rathi
Cement concrete sits in a container at a construction site. (Photographer: Brent Lewin/Bloomberg)

BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

With capacity utilisation in March 2021 at over 100%, Orient Cements Ltd.'s performance was robust, aided by firm prices and cost optimisation.

The de-levering exercise continued healthy cashflow generation and improved working capital.

The company targets a 3.5 million tonne capacity expansion to 11.5 million tonne by FY24.

Despite rising input costs, profitability is expected to be firm.

Risks: Rising pet-coke/diesel prices, demand slowdown.

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 author entity 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.

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