Fundamental Result Update

Ramco Cement - Q2FY18 Result Update



The Ramco Cement Ltd. for its Q2 FY18 results reported net profit at Rs 169 cr with an increase by 8% from 156 cr in Q1 FY18 & decline of 19% from Rs.207 cr in Q2 FY17.

Valuation: The company has continued to show a strong focus in various cost reduction initiatives in power, fuel, logistics and repayment of borrowings has helped the company to reduce interest costs. We are confident about the long term prospects of the company. We have valued stock on EV/EBITDA of 15.5(x) its FY19 estimates and have arrived at a fair value of Rs 770 per share. We have HOLD rating on the stock.


Tags: FundamentalResult Update Ramco Cement


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