Birla Corporation: Beat On Volume, Cost Pressure to Sustain; New Capacity Ramp Up Crucial!
We roll over our estimate to FY24 and value the company at 7.5x FY24E EV/EBITDA to arrive at a target price of Rs 1,300/share, (1,500 earlier),...
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Cement Sector - Prices up Sharply Across India; No Rollbacks Yet
Prices up sharply across India; no rollbacks yet We interacted with cement dealers across the country to assess demand and pricing trends.
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Cement Sector- 4QFY22 Earnings Preview- Steady performance expected amid severe cost inflation
Steady performance expected amid severe cost inflation 4QFY22 earnings of the cement sector will be characterized by the resilience of margins amid...
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Birla Corporation: Seasonality & Cost Headwinds Impacts Performance; New Capacity To Drive Growth
We maintain our BUY recommendation on the stock and value the company at 9x FY23E EV/EBITDA to arrive at a target price of Rs 1,760/share. The TP...
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Higher opex hurts; capacity expansion to aid growth
Birla Corporation (BCORP)'s 2QFY22 result highlights the impact of energy cost inflation, as variable cost of production increased 14% QoQ. The...
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