NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Aided by volume growth across divisions (except Energy), NCL Industries Ltd.’s topline expanded. Low fuel costs aided the cement and ready mix conctete divisions.
However, the Board division’s operating performance was hit by high input (wood) costs.
While the Vizag grinding unit expansion would be complete by September 2025, the door division continues to be hurt by lower dispatches. We retain our Buy, at a lower 12-month target price of Rs 267, earlier Rs 291.
Risks: Rise in input costs, dull demand.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
Star Cement Q2 Results Review - Profitability To Improve As Cost Declines, Incentives Rises: Dolat Capital
Nov 12, 2024
Page Industries Q2 Results Review - Better-Than-Expected Performance; Retaining A Hold: Anand Rathi
Nov 08, 2024
Jindal Stainless Get A 'Buy' As Anand Rathi Initiates Coverage
Nov 05, 2024
Dalmia Bharat Q2 Results Review - Lower Realisation Hits Ebitda Margins; Retain Buy: Axis Securities
Oct 22, 2024
POPULAR