Timex Group India Ltd, John Cockerill India Ltd, Thomas Cook (India) Ltd and NRB Industrial Bearings Ltd are among the other losers in the BSE’s ‘B’ group today, 01 August 2024.

Udaipur Cement Works Ltd leads losers in ‘B’ group

Shareholders of Udaipur Cement works will get four shares of JK Lakshmi for every 100 shares held, whereas no shares will be issues for the merger of Hansdeep Industries and Hidrive Developers.

JK Lakshmi Cement Approves Corporate Restructuring, To Merge With Three Subsidiaries

On Monday, as per the BSE filing around 36 companies are set to announce their quarterly earnings. Among the major companies, include Angel One Ltd., Den Networks Ltd., Hatsun Agro Product Ltd, HDFC Asset Management Company Ltd, HDFC Life Insurance Company Ltd, Jio Financial Services Ltd, Bank of Maharashtra, Modern Engineering and Projects Ord Shs, SpiceJet Ltd, and Udaipur Cement Works Ltd.

Q1FY25 Earning Updates: Dalal Street Gives Up Record High Levels, Indices Concluded In Red ; Check More Details Here

Udaipur Cement Works reports standalone net loss of Rs 10.28 crore in the June 2024 quarter

Burnpur Cement climbed 9.80 per cent to Rs 5.04. Saurashtra Cement gained 6,08 per cent to Rs 62.80. Udaipur Cement Works advanced 5.75 per cent to Rs 26.68.

Burnpur, Star Cement: Adani’s Sanghi deal sends smallcap cement shares soaring up to 10%. Here’s why

The subsidiary Udaipur Cement Works sold 19,45,08,912 equity shares to JK Lakhsmi Cement for Rs 350.12 crore in cash. Each share had a nominal value of Rs 4 and was offered at a premium of Rs 14 per share.

JK Lakshmi Cement gains 3% on additional investment in subsidiary

Udaipur Cement Works standalone net profit declines 40.26% in the December 2022 quarter

Udaipur Cement Works standalone net profit declines 78.54% in the September 2022 quarter

Udaipur Cement Works standalone net profit declines 26.57% in the March 2022 quarter

Udaipur Cement Works standalone net profit declines 65.34% in the December 2021 quarter

For arriving at its ratings, CRISIL Ratings has applied its criteria for notch-up of rating based on parent support.

CRISIL assigns ‘AA/Stable’ rating on Udaipur Cement Works bank facilities

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

Udaipur Cement Works Limited is principally engaged in the manufacturing of cement. The Company is a subsidiary of JK Lakshmi Cement Limited.