Improving margins to narrow valuation gap
ACC’s Q3CY21 EBITDA at Rs7.1bn (up 6% YoY) was broadly in line with consensus estimates. Total cost/te increased 4.6% QoQ (6.8% YoY) primarily led...
263 Views
Nuvoco Vistas IPO Trading - Tepid Demand
Nuvoco Vistas (NV) raised around US$673m in its India IPO. It is promoted by the Nirma Group and has recently acquired Emami’s cement business.
415 Views
Nuvoco Vistas IPO - Don’t See Any Strong Reason to Buy
Nuvoco Vistas (NV) aims to raise around US$673m in its India IPO. It is promoted by the Nirma Group and has recently acquired Emami’s cement business.
527 Views
ACC: Healthy Operational Performance
ACC has a strong balance-sheet with debt free status. However, it remains a laggard in terms of efficiency and operating margins vs. peer...
211 Views
ACC: Delivers An Excellent All-Round Performance
We value ACC at 11x its CY22E EV/EBITDA to arrive at TP of Rs 2,490/share, implying an upside of 16% from the CMP. ACC reported a robust...
253 Views