External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Capacity expansion progressing well: The company recently commissioned its Guntur plant in Andhra Pradesh with 1.5 mtpa Clinker and 3 mtpa grinding capacity.</li><li>The work on the capacity expansion program already announced by the company is running as per the schedule.</li><li>We believe these are positive moves and will allow the company to catch up with its larger peers and strengthen its footprint. </li></ul>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.

Capacity expansion progressing well: The company recently commissioned its Guntur plant in Andhra Pradesh with 1.5 mtpa Clinker and 3 mtpa grinding capacity.The work on the capacity expansion program already announced by the company is running as per the schedule.We believe these are positive moves and will allow the company to catch up with its larger peers and strengthen its footprint. 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.

Shree Cement Limited - Strong Operating Performance Delivered

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Shree Cement: We maintain our ADD rating on Shree Cement, with an unchanged SOTP target price of INR 28,700/share</li><li>Cement volume growth slowed to 8% YoY as it lost four days of sales due to software migration to SAP</li><li>Reported unit EBITDA (cement) remained flattish QoQ at INR 1346/MT as lower input costs and lower advertising expenses offset the impact of a 6% QoQ NSR decline (ex-power)</li></ul>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.

Shree Cement: We maintain our ADD rating on Shree Cement, with an unchanged SOTP target price of INR 28,700/shareCement volume growth slowed to 8% YoY as it lost four days of sales due to software migration to SAPReported unit EBITDA (cement) remained flattish QoQ at INR 1346/MT as lower input costs and lower advertising expenses offset the impact of a 6% QoQ NSR decline (ex-power)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.

HSIE Results Daily: Shree Cement, Oberoi Realty, Apollo Tyres, Radico Khaitan, NCC

HSIE Results Daily: Shree Cement, Oberoi Realty, Apollo Tyres, Radico Khaitan

<ul><li>SCL reported robust set of numbers with Volume/Revenue/EBITDA/APAT growth of 11%/20%/74%/165%YoY(above expectations), driven by better demand in its operating regions, and higher realization led by higher merchant power sales.</li><li>The company reported a profit of Rs 734 Cr against Rs 277 Cr in Q3FY23. The company recorded an EBITDA margin of 25.2% (expectation of 21.3%)against 17.4% YoY,led by higher realization, lower power/fuel and freight costs.</li><li>The quarter’s volume stood at 8.89Mn tonnes per annum (mntpa), up 11% YoY.SCL’s EBITDA/tonne stood at Rs 1,388, up 57%/31% YoY/QoQ.</li></ul>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.

SCL reported robust set of numbers with Volume/Revenue/EBITDA/APAT growth of 11%/20%/74%/165%YoY(above expectations), driven by better demand in its operating regions, and higher realization led by higher merchant power sales.The company reported a profit of Rs 734 Cr against Rs 277 Cr in Q3FY23. The company recorded an EBITDA margin of 25.2% (expectation of 21.3%)against 17.4% YoY,led by higher realization, lower power/fuel and freight costs.The quarter’s volume stood at 8.89Mn tonnes per annum (mntpa), up 11% YoY.SCL’s EBITDA/tonne stood at Rs 1,388, up 57%/31% YoY/QoQ.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.

Shree Cement Limited - Strong Operating Performance

<ul>
<li>SCL reported Volume/Revenue/EBITDA/APAT growth of 10%/21%/66%/159%YoY(above expectations), driven by better demand in its operating regions, and higher realization led by higher merchant power sales.</li>
<li>The company reported a profit of Rs 491 Cr against Rs 190 Cr in Q2FY24.</li>
<li>The company recorded an EBITDA margin of 19% (expectation of 18.7%)against 13.9% YoY, led by higher realization and lower freight costs. </li>
</ul>
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.


SCL reported Volume/Revenue/EBITDA/APAT growth of 10%/21%/66%/159%YoY(above expectations), driven by better demand in its operating regions, and higher realization led by higher merchant power sales.
The company reported a profit of Rs 491 Cr against Rs 190 Cr in Q2FY24.
The company recorded an EBITDA margin of 19% (expectation of 18.7%)against 13.9% YoY, led by higher realization and lower freight costs. 

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.

Shree Cement Limited - Inline Operating Performance; Valuation Rich

India

Shree Cement Ltd. manufactures cement and cement products. The Company sells its products primarily in Northern India under its own brand names.

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Shree Cement (SRCM IN)

Shree Cement Limited - Strong Operating Performance Delivered

Capacity expansion progressing well: The company recently commissioned its Guntur plant in Andhra Pradesh with 1.5 mtpa Clinker and 3 mtpa grinding...

Axis Direct

HSIE Results Daily: Shree Cement, Oberoi Realty, Apollo Tyres, Radico Khaitan, NCC

Reported unit EBITDA (cement) remained flattish QoQ at INR 1346/MT as lower input costs and lower advertising expenses offset the impact of a 6%...

HDFC Securities

HSIE Results Daily: Shree Cement, Oberoi Realty, Apollo Tyres, Radico Khaitan

Shree Cement: We maintain our ADD rating on Shree Cement, with an unchanged SOTP target price of INR 28,700/share. Cement volume growth slowed to...

HDFC Securities

Shree Cement Limited - Strong Operating Performance

The quarter’s volume stood at 8.89Mn tonnes per annum (mntpa), up 11% YoY.SCL’s EBITDA/tonne stood at Rs 1,388, up 57%/31% YoY/QoQ.

Axis Direct

Shree Cement Limited - Inline Operating Performance; Valuation Rich

The company recorded an EBITDA margin of 19% (expectation of 18.7%)against 13.9% YoY, led by higher realization and lower freight costs.

Axis Direct

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