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External broker reports(aggregated public sources)

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Heidelberg Cement India / Equity Bottom-Up

<p>The stock is currently trading at 9.3x FY22E and 7.2x FY23E EV/EBITDA. We retain our BUY recommendation with a target price of Rs 280/share, valuing the Company at 8x of its FY23E EV/EBITDA.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

The stock is currently trading at 9.3x FY22E and 7.2x FY23E EV/EBITDA. We retain our BUY recommendation with a target price of Rs 280/share, valuing the Company at 8x of its FY23E EV/EBITDA.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HEIDELBERG: The stock is currently trading at 9.3x FY22E and 7.2x FY23E EV/EBITDA

India

Heidelbergcement India Ltd. manufactures portland slag cement and portland pozzolana cement.

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Heidelberg Cement India (HEIM IN)

HEIDELBERG: The stock is currently trading at 9.3x FY22E and 7.2x FY23E EV/EBITDA

The stock is currently trading at 9.3x FY22E and 7.2x FY23E EV/EBITDA. We retain our BUY recommendation with a target price of Rs 280/share,...

Axis Direct

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