Cement Sector News
Cement makers are buying green power and private ships. Here’s why
Rising demand notwithstanding, cement prices keep falling—pushing makers to bet on green power and private fleets to cut costs.
1 min read16 Nov 2024Is Ambuja overpaying for Orient Cement?
Ambuja’s acquisition of a significant stake in Orient Cement is a strategic bet on India’s growth story, but with earnings under pressure, the challenge now lies in making the premium payout deliver returns.
3 min read22 Oct 2024Cement stocks: The next big opportunity?
Despite recent challenges, such as slowing demand, falling cement prices and profitability pressures, the cement industry has a lot going for it.
7 min read28 Aug 2024UltraTech Cement, JK Cement, Dalmia Bharat: Axis Securities’ 3 top stock picks after Q1 earnings – here’s why
Axis Securities identifies UltraTech Cement, JK Cement, and Dalmia Bharat as top picks despite Q1FY25 challenges, citing strategic expansions and potential for improved performance.
4 min read19 Aug 2024Q2FY24 earnings review: Cement companies report strong Q2 numbers, aided by lower rainfall and price hikes
Lower rainfall and decreased power and fuel costs contributed to the strong Q2 numbers of cement companies, despite the seasonally dull period. Investors responded positively to the robust performance.
2 min read16 Nov 2023Price hikes in East to benefit select cement makers in Q2FY24
Cement manufacturers in some regions have managed to hike prices. In fact, dealers channel checks by brokerages show that in east India, companies have announced two rounds of price increases in September.
2 min read14 Sep 2023Volumes are UltraTech’s strength
Aided by ramp up of capacities amid healthy demand, UltraTech’s consolidated cement volume surged 20% year-on-year to 29.96 million tonnes in June quarter (Q1FY24). Capacity utilization was 89-90%.
2 min read24 Jul 2023UBS assumes negative view on cement sector amid rising competition, expensive valuations; downgrades UltraTech, Ambuja
With valuations of 15x one year forward EV/EBITDA & 30x FY25E PE for a sector tracking close to GDP growth rate, rising competition, low entry barriers and return profile of low double digits, we see little room for potential upside. Structurally, we would sell any rally, not buy the dip, UBS said.
2 min read12 Jul 2023Here is why these four cement stocks look attractive; do you own any?
Petroleum coke prices have slipped sharply from their peak levels which brings a good opportunity for buying in cement stocks. Fall in petcoke prices is likely to drive the sector’s EBITDA/tonne in the fiscal year FY24.
3 min read17 May 2023Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday
Buy or sell stocks: Sumeet Bagadia has recommended three stocks to buy on Monday — UltraTech Cement, Adani Ports and Maruti Suzuki
3 min read8 May 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared