ADVERTISEMENT
The Cement Companies That Could Be The Next M&A Target
As the cement industry sees increasing consolidation, these players are likely to get acquired, according to NDTV Profit analysis.
24 Jul 2024, 02:01 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
![NDTV Profit](/icons/timer.svg)
![<div class="paragraphs"><p>(Source: <a href="https://unsplash.com/photos/high-angle-photography-of-assorted-color-sack-lot-qgXz4qXViCg?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash">Unsplash</a>)</p></div>](https://media.assettype.com/bloombergquint%2F2024-07%2F9d8ecb80-bade-4bf6-8713-1334aab90bfa%2Fradowan-nakif-rehan-qgXz4qXViCg-unsplash.jpg?rect=0%2C26%2C6000%2C3375&auto=format%2Ccompress&w=200)
(Source: Unsplash)
Cement companies trading below enterprise value per tonne valuations of $110-120 could be potential acquisition targets, according to analysts. Companies with capacities of 3-10 million tonne per annum could cash out in this decade of strong growth; where the sector is seeing consolidation, as evident by the market share gains, they said.Based on this, NDTV Profit's analysis suggests that companies like Birla Corp., Sagar Cement Ltd....
![](/images/white_gradient.png)
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
Access to
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
ADVERTISEMENT