Ramco Cements Q2FY18: Better Realisations Drive Healthy Performance; Buy | Ramco Cements Q2FY18| IndiaNotes.com


We continue to maintain our positive stance on the stock mainly on account of: (a) RCL continues to remain one of the lowest cost producers; (b) consistent de-leveraging of balance sheet started paying off; (c) strong brand equity; (d) expected improvement in utilisation; (e) capacity of satellite GUs to be increased from 4mnT to 7.1mnT; and (f) better return ratio vs. industry. Hence, we reiterate our BUY recommendation on the stock with a revised Target Price of Rs810 (12.5x FY19 EBITDA).

 

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