Sep 14, 2017

Saurashtra Cement Ltd. Investment Review l Results Update

Saurashtra Cement Ltd. | CMP Rs. 72 | M Cap Rs. 498 Cr | 52 W H/L 85/52
Results update and recommendation.
Revenue from Operations came at Rs. 139.1 Cr vs QoQ Rs. 107.5 Cr, YoY Rs. 143.3 Cr
EBIDTA came at Rs. 29.3 Cr vs QoQ Rs. 1.4 Cr, YoY Rs. 30.5 Cr
EBITDA Margin came at 21%, QoQ 1.3%, YoY 21.3%
Adj. PAT came at Rs. 22.8 Cr vs QoQ Rs. 0.5 Cr, YoY Rs. 21.6 Cr
Quarter EPS is Rs. 3.3.

We believe this stock has good potential for upside and is relatively undervalued among the cement space.
It belongs to very old and prestigious Mehta Group, and has brands like Hathi Cement, and Sidhee Cement which is also listed.

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