Birla Corp - Long Term Outlook Remains Positive; Retain Buy: Axis Securities

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..Axis Securities Report.Birla Corporation Ltd.'s overall performance in FY24 was impressive, driven by higher volumes sold, better capacity utilisation, and lower operational costs. It aims to expand its capacity to 25 million tonnes per annum over the next two years to strengthen its position in its operating region. While headwinds related to cement prices are expected to persist, cement demand is anticipated to remain resilient due to increased government expenditure on infrastructure development, housing demand under PM Awas Yojna, and real estate growth. The company is well-positioned in the demand-accretive Central region, deriving around 50% of its sales from there, with the upcoming capacity set to further consolidate its position and increase market share. The stock is currently trading at eight times FY26E enterprise value/Ebitda and EV/tonne of $72. We maintain our Buy recommendation on the stock and value the company at nine times FY26E EV/Ebitda to arrive at a target price of Rs 1,500/ share. The target price implies an upside of 14% from the current market price..Click on the attachment to read the full report:.JK Cement - Strategic Expansions Aiding Growth: Motilal Oswal.DISCLAIMERThis 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.

Birla Corp - Long Term Outlook Remains Positive; Retain Buy: Axis Securities

Ramping up Mukutban operations ahead of projections was a key achievement, says the brokerage.

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Birla Corp - Long Term Outlook Remains Positive; Retain Buy: Axis Securities

Ramping up Mukutban operations ahead of projections was a key achievement, says the brokerage.

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