What exactly have you bought post the election verdict, which is 4th of June?
What we have been recommending is, say, a company like Sagar Cements, which is trading at, say, $50 kind of a valuation. Then, you have Birla Corporation, which we have been liking. Our sense is that next two years you should see improvement in their EBITDA per tonne. We have been recommending some of the infra names like, say, NCC, where we are comfortable in terms of margins largely remaining intact and double digit kind of growth. Then, we see a large hydroelectric opportunity unfolding and Patel is one company which looks rightly poised for this growth, there we have a target price of 80. So, these are some of the names which we have been recommending.
What is the reason you like cement and you like midcap cement?
When you look at the tier I players, it is not that we are not liking tier I. So, tier I if you look at, say, for example, between ACC and Ambuja, Ambuja is trading at 16 times EV by EBIDA, something similar what UltraTech is also trading.

But ACC is trading at about 10-11 times. So, our sense is that overall there is a great amount of difference between the tier I and tier II. And we feel that while the tide will improve for most of the players, but the upside is going to be larger in the midcap and smallercap names.


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Why Midcap Cement Stocks Might Outperform Tier I Players: A Market Analyst's Perspective | ET Now

The Mukutban plant has demonstrated consistent growth, with volume of 0.66 mt recorded in Q4 FY24.

Birla Corp Q4 Results Review - Better Than Our Estimates: Nirmal Bang

Birla Corp. reported a 127% jump in net profit for the January-March quarter.

Birla Corp Recommends Dividend Of Rs 10 Per Share

Net profit of the cement company surged 127% year-on-year to Rs 193.34 crore in the fourth quarter, beating Bloomberg’s estimate of Rs 150.78 crore.

Birla Corp Q4 Results: Profit More Than Doubles Beating Estimates

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Targets to raise the grinding capacity to 25/30 million tonnes per annum by FY27/FY30.

Birla Corp Q3 Results Review - Strong Performance; Mukutban Plant Utilisations Improve: Motilal Oswal

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Birla Corporation, PCBL & More | Large Trades | NDTV Profit

Motilal Oswal is bullish on Birla Corporation recommended buy rating on the stock with a target price of Rs 1655 in its research report dated November 09, 2023.

Buy Birla Corporation; target of Rs 1655: Motilal Oswal

Results Review for ABB India, United Spirits, Phoenix Mills, Oil India, Birla Corp

The capacity expansion will require Rs 400 crore in investment to be funded by loans and internal earnings, the company said.

Birla Corp. Board Approves Capacity Expansion By 1.4 Million Tonne Via Greenfield Facility

HDFC Securities is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 1310 in its research report dated August 09, 2023.

Buy Birla Corporation; target of Rs 1310: HDFC Securities

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Birla Corporation Limited is a holding company. The Company offers products ranging from cement to jute goods, polyvinyl chloride (PVC) floor covering, as well as auto trims and steel castings.