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Shree Cements (ICICI securities) Higher costs dent bottomline |
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Cement volume up ~11% YoY, realisation up ~2% YoY;Cement EBITDA declines ~14% YoY to | 880/tonne |
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Shree Cements (Sharekhan) Operating performance in line with estimate |
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Cannonball
Operating performance in line with estimates, lower than expected depreciation leads PAT to exceed our estimates
Volume growth in cement drives overall revenue
Margin contraction led by surge in pet coke price | Date | Rating | Target Price | Recommendation Price | Broker house | | 3 Aug 2011 | hold | 1875 | 1740 | Sharekhan Report | |
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Shree Cements (Emkay) EBIDTA in line-Maintain ACCUMULATE |
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Q1FY12 operating performance meets expectation-PAT beat driven by lower depreciation;Cost pressure drag EBIDTA/t to Rs880 -12% yoy;Lower power realization and higher cost drags power EBIDTA by 44% yoy | Date | Rating | Target Price | Recommendation Price | Broker house | | 2 Aug 2011 | accumulate | 2050 | 1750 | Emkay Report | |
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Shree Cements (Deutsche Bank) Low pricing power with North Indian cement players-how long? |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 2 Aug 2011 | hold | 1712 | 1789 | Deutsche Bank Report | |
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Shree Cement (ICICIsecurities) High depreciation drags profit |
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Cement sales volume up ~10% QoQ, realisation up ~16% QoQ; Cement EBITDA per tonne improves ~53% QoQ to | 847 |
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shree cement (Emkay) Operating level performance in line-Maintain ACCUMULATE |
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Q4FY11 operating performance meets expectation; Sharp improvement in realization boost cement EBIDTA/t to Rs847; 2.3X jump in power volumes drives 68% jump in power EBIDTA; Accelerated depreciation drags net profit to a meager Rs102 mn
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 30 May 2011 |
accumulate |
1960 |
1836 |
Emkay Report |
|
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shree cement (ICICIsec) Bottomline takes hit from lower realisations |
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shree cement (Emkay) Earnings disappoint |
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shree cement (DeutscheBank) |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 18 Jan 2011 |
hold |
1760 (from 2150) |
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DeutscheBank Report |
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