Motilal Oswal has buy call on
UltraTech Cement with a target price of Rs 8050. The current market price of UltraTech Cement Ltd. is Rs 6509.55.
UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 184938.79 Crore) operating in Cement sector.
Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 14465.94 Crore, up 15.52 % from last quarter Total Income of Rs 12522.03 Crore and up 32.19 % from last year same quarter Total Income of Rs 10943.55 Crore. Company reported net profit after tax of Rs 1771.86 Crore in latest quarter.
The valuation is reasonable at 12.9x FY23E EV/EBITDA – a 10% discount to its previous five-year average. We value UTCEM at 16x FY23E EV/EBITDA to arrive at TP of INR8,050.
UltraTech Cement has CO2 reduction targets validated 11 May 2021
The Science-Based Targets initiative (SBTi) has validated UltraTech’s carbon dioxide (CO
2) emissions reduction targets. In July 2020 the company had committed to set ‘science-based targets’ to reduce its greenhouse gas (GHG) emissions. UltraTech has also committed to reduce Scope 1 GHG intensity by 27 per cent by 2032 from the base year of 2017 and Scope 2 GHG intensity by 69 per cent within the same time frame.
The SBTi has validated UltraTech’s GHG reduction targets which covers the target to lower its CO
2 intensity in cement to 462kg net CO
2/t of cementitious material by 2032. As per SBTi, UltraTech’s targets are acceptable and consistent with the global effort to limit temperature rise below the 2°C threshold in line with the Paris Agreement.
UltraTech Cement reports consolidated net sales of INR142.3bn in 1Q21 10 May 2021
UltraTech Cement Ltd saw consolidated net sales of INR142,320m (US$1.94bn) in the 1Q21 vis-à-vis INR106,890m over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR37,510m vis-à-vis INR26,450m in the corresponding period of the previous year. Profit after tax was INR17,750m compared to INR11,290m in the corresponding period of the previous year.
For the full year, consolidated net sales reached INR442,390m when compared with INR417,810m in the previous year. Profit before interest, depreciation and tax was INR123,020m, up from INR98,980m in the 1Q20. Profit after tax was INR54,630m compared to INR36,440m in the corresponding period of the previous year.
Yaarii Digital Integrated Services Ltd, Satin Creditcare Network Ltd, UltraTech Cement Ltd and Dalmia Bharat Ltd are among the other losers in the BSE s A group today, 20 April 2021.
Yaarii Digital Integrated Services Ltd, Satin Creditcare Network Ltd, UltraTech Cement Ltd and Dalmia Bharat Ltd are among the other losers in the BSE s A group today, 20 April 2021.
Praj Industries Ltd tumbled 5.08% to Rs 214 at 14:49 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 2.64 lakh shares were traded on the counter so far as against the average daily volumes of 2.36 lakh shares in the past one month.
UltraTech Cement orders Aumund bucket elevator equipment cemnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cemnet.com Daily Mail and Mail on Sunday newspapers.