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. 

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Equity Bottom-Up

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<li>Deal Details: UltraTech will acquire the demerged Cement buisness of Kesoram Industries ltd in all stock deal consists of 2 integrated cement units at Sedam (Karnataka) and Basantnagar (Telangana) with a total installed capacity of 10.75 mtpa, Clinker capacity of 6.3 mtpa and 0.66 mtpa packing plant at Solapur, Maharashtra.</li>
<li>The turnover of the Cement business of the demerged company as on 31st March, 2023, was Rs. 3,517 Cr and forms 99.54% of the total turnover of the Demerged Company.</li>
<li>UltraTech will issue 5.97 mn equity share (1 fully paid-up equity share of Rs. 10each of the company for every 52 fully paid-up equity shares of Rs. 10 each of the demerged company held by equity shareholder, on a proportionate basis).</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.


Deal Details: UltraTech will acquire the demerged Cement buisness of Kesoram Industries ltd in all stock deal consists of 2 integrated cement units at Sedam (Karnataka) and Basantnagar (Telangana) with a total installed capacity of 10.75 mtpa, Clinker capacity of 6.3 mtpa and 0.66 mtpa packing plant at Solapur, Maharashtra.
The turnover of the Cement business of the demerged company as on 31st March, 2023, was Rs. 3,517 Cr and forms 99.54% of the total turnover of the Demerged Company.
UltraTech will issue 5.97 mn equity share (1 fully paid-up equity share of Rs. 10each of the company for every 52 fully paid-up equity shares of Rs. 10 each of the demerged company held by equity shareholder, on a proportionate basis).

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.

UltraTech Cement Ltd - Kesoram Deal To Strengthen Southern Footprint & Enhance Market Share.

<ul><li>UltraTech Cement Limited is the cement flagship company of the Aditya Birla Group.</li><li>It is the largest manufacturer of grey cement, ready-mix concrete (RMC),and white cement in India.</li><li>On a consolidated basis its current Cement manufacturing capacity stands at 138 mtpa . </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.

UltraTech Cement Limited is the cement flagship company of the Aditya Birla Group.It is the largest manufacturer of grey cement, ready-mix concrete (RMC),and white cement in India.On a consolidated basis its current Cement manufacturing capacity stands at 138 mtpa . 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.

Pick of the Week:UltraTech Cement Ltd - 30 OCT 2023

<ul><li>UTCL reported a mixed set of numbers during the quarter as its Volume/Revenue grew by 16% and 15% respectively, (better than expectations) driven by better demand YoY.</li><li>EBITDA was below our and consensus estimates by 5% each on account of higher RM and other expenses costs.</li><li>There was a one-off expenditure of Rs 70 Cr owing to higher bonuses and seasonal plant and maintenance expenditure. </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.

UTCL reported a mixed set of numbers during the quarter as its Volume/Revenue grew by 16% and 15% respectively, (better than expectations) driven by better demand YoY.EBITDA was below our and consensus estimates by 5% each on account of higher RM and other expenses costs.There was a one-off expenditure of Rs 70 Cr owing to higher bonuses and seasonal plant and maintenance expenditure. 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.

UltraTech Cement Limited - Robust Volume Growth, Pricing Improves

<ul><li>In FY23, the company recorded a net revenue of Rs 63,240 Cr.</li><li>Most notably, it also achieved the distinctive milestone of producing, dispatching, and selling 100 million tons, which was supported by the company’s effective capacity utilisation rate of 84% for the year.</li><li>The company reported an EBITDA of Rs10,620 Cr in FY23, which stood 8% lower than the previous year’s EBITDA. </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.

In FY23, the company recorded a net revenue of Rs 63,240 Cr.Most notably, it also achieved the distinctive milestone of producing, dispatching, and selling 100 million tons, which was supported by the company’s effective capacity utilisation rate of 84% for the year.The company reported an EBITDA of Rs10,620 Cr in FY23, which stood 8% lower than the previous year’s 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.

UltraTech Cement Ltd - Well-Positioned to Capitalize on Demand Tailwinds

<ul><li>UTCL reporteda mixed set of numbers during the quarter as its Volume/ Revenue grew by 20% and 17% respectively, (In line with expectations) driven by better demand YoY while EBITDA was below our and consensus estimates by 15% and 5% respectively, on the back of higher variable cost.</li><li>The company reported a profit of Rs 1,688 Cr against Rs 1,584 Cr in Q1FY23 (below expectation)</li><li>It recorded an EBITDA margin of 17.2% (vs. our estimates of 20%)against 20.4% YoY.</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.

UTCL reporteda mixed set of numbers during the quarter as its Volume/ Revenue grew by 20% and 17% respectively, (In line with expectations) driven by better demand YoY while EBITDA was below our and consensus estimates by 15% and 5% respectively, on the back of higher variable cost.The company reported a profit of Rs 1,688 Cr against Rs 1,584 Cr in Q1FY23 (below expectation)It recorded an EBITDA margin of 17.2% (vs. our estimates of 20%)against 20.4% YoY.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.

UltraTech Cement Limited - Well Aligned To Capture Demand Tailwind

India

Ultra Tech Cement Ltd. produces a wide range of cement products. This Company represents the cement operations of Larsen & Toubro which were spun-off into a separate entity in which Grasim Industries holds a majority interest.

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Ultratech Cement (UTCEM IN)

Pick of the Week:UltraTech Cement Ltd - 30 OCT 2023

UltraTech Cement Limited is the cement flagship company of the Aditya Birla Group. It is the largest manufacturer of grey cement, ready-mix...

Axis Direct

UltraTech Cement Limited - Robust Volume Growth, Pricing Improves

UTCL reported a mixed set of numbers during the quarter as its Volume/Revenue grew by 16% and 15% respectively, (better than expectations) driven...

Axis Direct

UltraTech Cement Ltd - Well-Positioned to Capitalize on Demand Tailwinds

Most notably, it also achieved the distinctive milestone of producing, dispatching, and selling 100 million tons, which was supported by the...

Axis Direct

UltraTech Cement Limited - Well Aligned To Capture Demand Tailwind

UTCL reporteda mixed set of numbers during the quarter as its Volume/ Revenue grew by 20% and 17% respectively, (In line with expectations) driven...

Axis Direct

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UltraTech Cement Ltd - Kesoram Deal To Strengthen Southern Footprint & Enhance Market Share.

The turnover of the Cement business of the demerged company as on 31st March, 2023, was Rs. 3,517 Cr and forms 99.54% of the total turnover of the...

Axis Direct

Pick of the Week:UltraTech Cement Ltd - 30 OCT 2023

UltraTech Cement Limited is the cement flagship company of the Aditya Birla Group. It is the largest manufacturer of grey cement, ready-mix...

Axis Direct

UltraTech Cement Limited - Robust Volume Growth, Pricing Improves

UTCL reported a mixed set of numbers during the quarter as its Volume/Revenue grew by 16% and 15% respectively, (better than expectations) driven...

Axis Direct

UltraTech Cement Ltd - Well-Positioned to Capitalize on Demand Tailwinds

Most notably, it also achieved the distinctive milestone of producing, dispatching, and selling 100 million tons, which was supported by the...

Axis Direct

UltraTech Cement Limited - Well Aligned To Capture Demand Tailwind

UTCL reporteda mixed set of numbers during the quarter as its Volume/ Revenue grew by 20% and 17% respectively, (In line with expectations) driven...

Axis Direct