Buy or sell ultratech cement: In today’s business, the shares of UltraTech Cement have been made in the red mark since morning. The stock broke today to a low of 11251. However, it has recovery right now and it is trading at the price of Rs 11353. UltraTech Cement released the results on Thursday and the company’s profit declined by 17 per cent to Rs 1,470 crore on the annual basis in the December quarter of FY 2025. However, brokerage houses are positive on the share after the results. Brokerage says that there are signs of improving cement demand in all areas including infrastructure, IHB, rural and urban demand. The quarter -quarterly improvement in the company’s profitability has been in line with expectations.
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Improvement in demand for cement in all areas
Brokerage house Motilal Oswal has given a BUY rating on the stock of Altratech Cement and set a target of Rs 13800 for the stock. This is 21 percent more than the current price. Brokerage says that the company has achieved 11 per cent strong volume growth in 3QFY25 as compared to the estimated industry volume growth 5 per cent. There are indications of improving cement demand in all areas including infrastructure, IHB, rural and urban demand. Apart from this, a good monsoon is estimated to promote higher demand from the rural areas in the coming months. The quarter -rate quarterly improvement in the company’s profitability remained in line with expectations, which is the main reason for cost reduction and better realization.
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Expect further improvement in profitability
Brokerage house Motilal Oswal estimates that 4QFY25 will further improve the profitability, which is the main reason for the casstle savings. We estimate that the Kanso Ebitda/T 4QFY25 will improve to Rs 1,076 (while Ebitda/T Ex-Asym will improve to Rs 1,166), which is Rs 951 in 3QFY25. It is estimated that Conso Revenue, Ebitda and Adjustable PAT will have 17%, 28% and 32% CAGR growth during FY25-FY27, which will be supported by inorganic growth. The company is expected to continue to gain market share with its strong capacity expansion (including inorganic growth).
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Government infra will get fast support
Brokerage house Dam Capital has upgraded its rating on UltraTech cement and revised the target price to Rs 12,550. Brokerage believes that structurally, the Indian cement sector should get relief due to the boom in the government infra. This sector can also be accelerated at the slow pace of consolidation. Meanwhile, the 11% volume CAGR in FY25-27 is likely to continue to increase the market share of UltraTech due to the 11% volume CAGR in FY25-27.
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Volume recovery and margin improvement
At the same time, Goldman Sachs has increased the target price from Rs 12,460 to Rs 12,580 with a BUY rating, due to which is a low cost contributing to volume recovery and improvement in margins. Brokerage house Jefferies has also retained its BUY rating on Altratech Cement shares and has fixed the target price of Rs 13,265 for this based on the all -round recovery seen in Q3. Brokerage house Nuwama has given a target price of Rs 11,574 with a hold rating. JP Morgan has fixed his target price of Rs 13,470 while maintaining the ‘overweight’ rating. Brokerage believes that the volume was in line with expectations and the realization has been flat. Cement demand and pricing are expected to improve in the near period.
(Disclaimer: Investing in stock is advised by brokerage house. These are not private views of financial express. There are risks in the market, so take the opinion of experts before investment)
