Shree Cement Q4 Review - Lower Pricing Impacts Ebitda; Costs Remain In Control: Nirmal Bang

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Shree Cement Ltd. reported relatively weak numbers for Q4 FY22 with reported Ebitda coming in at Rs 9.1 billion, down 23% YoY and 14% below our estimate. Key reason for lower Ebitda is weak pricing as most other operational parameters like volume and costs were better than expected. Despite the miss on Ebitda, Shree Cement’s Ebitda/million tonne of Rs 1,134 is likely to be one of the highest in the industry. Overall, volume growth for FY22 at just 3% is a miss on expectations and we expect the same to pick up over the next two years. We are building in ~15% volume compund annual growth rate for the company on account of its expansion in East and West, which we believe is a tad optimistic. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Shree Cement Q4 Review - Lower Pricing Impacts Ebitda; Costs Remain In Control: Nirmal Bang

Shree Cement Q4 Review - Lower Pricing Impacts Ebitda; Costs Remain In Control: Nirmal Bang

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