Sagar Cements is focussed on improving efficiency & utilisation of recently acquired units; Q1 net loss at Rs 42 cr.

Sagar Cements to focus on improving efficiency, utilisation of newly acquired units: Sreekanth Reddy

Results Review for IOC, SBI Cards, Route Mobile, Sagar Cements

Sagar Cements posted ₹42cr net loss in Q1 FY24, 5% lower revenue than Q1 FY23. Maintenance shutdown, competitive pricing & high-cost inventory impacted performance. Margins to benefit from falling fuel & input prices, higher utilisation & regional diversification. Plants operated at 47% & blended ce…

Sagar Cements posts ₹42-cr net loss in Q1

Sagar Cements Ltd will announce financial results for the quarter ended June 2023

What to watch out for Thursday—27 July 2023

Sagar Cements should continue to see a healthy revenue growth in FY24, driven by new capacities and robust end-market demand.

Weekly Tactical Pick – Why this cement stock deserves attention

Sagar Cements will be commissioning the clinker line of Andhra Cements Ltd (ACL), which it acquired last year, in the middle of the current quarter, according to its Joint Managing Director Sreekanth Reddy.

Sagar Cements to commission clinker line of ACL soon, to invest ₹458 crore in upgradation

Emkay Global Financial recommended hold rating on Sagar Cements with a target price of Rs 220 in its research report dated May 11, 2023.

Hold Sagar Cements; target of Rs 220: Emkay Global Financial

With the acquisition, Sagar Cements accomplished its target to grow 2x in every decade & aspire to continue the same.

Sagar Cements Q4 Results Review - Ramping Up New Capacities, A Key To Deleverage: Yes Securities

The company reported a net profit of Rs 98 crore in March quarter compared to a net loss of Rs 19.15 crore last year. Net consolidated total income stood at Rs 802.58 crore, up 59 percent to Rs 5-6 crore.

Sagar Cements stock surges 6% after strong earnings

Sagar Cements’ stock price has fallen by more than 24 percent since the last the one year. However, it has given a return of a whopping 248 percent in the past three years.

Sagar Cements jumps 9% after block deal of 60 lakh shares

Insight | "We are still far from a real consolidation in the cement sector," says #SagarCements' Joint MD Sreekanth Reddy.

Watch his whole conversation with BQ Prime's Niraj Shah & Go India Advisors' Rakesh Arora: http://bit.ly/3UkIwi

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Insight | Cement Sector Far From Real Consolidation : Sagar Cements | BQ Prime

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

Fundamentals

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

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sagar Cements Limited is engaged in the manufacture of cement. The Company manufactures various cement products, such as ordinary Portland cement of 53 grade, 43 grade, Portland Pozzalona Cement and Sulfate Resistant Cement.