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Orient Paper and Industries (ICICI securities) Lower cement volumes drag earnings |
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Cement volume declines 14% YoY, realisation up 29% YoY |
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Orient Paper and Industries (Emkay) Demerger to trigger value unlocking process |
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Higher than expected realizations boost cement revenues;driving better than expected EBIDTA growth of 54.6%;Board approves de-merger of cement business - triggers value unlocking process;Maintain BUY with price target price of Rs82 | Date | Rating | Target Price | Recommendation Price | Broker house | | 28 Jul 2011 | buy | 82 | 62 | Emkay Report | |
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Orient Paper and Industries (Sharekhan) Demerger of cement business to unlock value |
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Vulture’s Pick
Impressive performance, earnings in line with estimate
Cement and electrical divisions drive overall revenue growth
Margin expanded in spite of overall cost inflation and loss in paper business
Other income boosted through sale of CER | Date | Rating | Target Price | Recommendation Price | Broker house | | 28 Jul 2011 | buy | 70 | 60 | Sharekhan Report | |
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orient paper industries (ICICIsec) Cement, electrical divisions drive earnings |
Cement volume jumps 28% QoQ; realisation improves 14% QoQ; Electrical division sales surged ~120% QoQ
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Reports.DesiStockResearch.com |
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orient paper industries (Emkay) Cement prices drives better than expected numbers |
Revenues +27%-Sharp price hikes drove 22% yoy cement revenue growth; Cement profitability drive better than expected EBIDTA growth of 24.4%; Electricals EBIT +10%, unstable operations drag Paper profitability; One time cap subsidy boost net profit- +41% yoy - PBT ex other inc +27.5% yoy
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 28 Apr 2011 |
buy |
74 |
60 |
Emkay Report |
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Reports.DesiStockResearch.com |
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orient paper and industries (ICICIsec) High cement realisation improves margin |
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orient paper industries ltd (Emkay) Results marginally below estimates |
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orient paper industries (emkay) Cement division hurts profitability |
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orient paper and industries (ICICIsec) Low realisation drags margins |
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Orient Paper and Industries (ICICIsec) |
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Higher costs drag margins |
